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For example, Estonia released a platinum coin in 2008 to honor its 90th anniversary, and Tonga issued 400 platinum coins in 1967 for the coronation of Taufa'ahau Tupou IV. [1] Other countries that have minted commemorative platinum coins include Bulgaria, [ 10 ] Congo, [ 11 ] Panama, [ 12 ] South Africa, Portugal and France.
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver.They are kept as a store of value or an investment rather than used in day-to-day commerce.
A coin that has never been used, thus retaining all or most of its original luster. [1] uniface A coin struck with the design on one side only. union A proposed United States gold coin worth $100 (one hundred dollars). Only one pattern "half union" is known to exist. Platinum $100 coins are not technically "unions". unique
As is often the case with bullion coins, the face values of these coins ($10, $25, $50, and $100) are their legal values reflecting their issue and monetized value as coins. They are legal tender for all debts public and private at their face values. The 1 troy oz coin's face value of $100 is the highest to ever appear on a U.S. coin. [6]
Artist's concept of a trillion-dollar coin, featuring a similar obverse design to the reverse of the presidential dollar series.. The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum ...
The Krugerrand is the first modern example of measuring in "pure gold": it should contain at least 12 ⁄ 11 ounces of at least 11 ⁄ 12 pure gold. Other bullion coins (for example the British Sovereign) show neither the purity nor the fine-gold weight on the coin but are recognized and consistent in their composition.
Both coins were first made available for sale to the public on November 17 of that same year. [6] The platinum coins were made of .9995 pure platinum [7] in four denominations of different sizes, consisting of 1 troy ounce (oz), 1 ⁄ 2 oz, 1 ⁄ 4 oz and 1 ⁄ 10 oz. bearing the face values of $50, $20, $10, and $5, respectively.
As well as circulating coins, where they are generally restricted to high-denomination coins, bi-metallic coins are often used in commemorative issues, often made of precious metals. For example, the only bi-metallic coin issued by the United States is the $10 Library of Congress commemorative, made of a gold ring around a platinum center.