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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.
Pistole is the French name given to a Spanish gold coin in use from 1537; it was a doubloon or double escudo, the gold unit. The name was also given to the Louis d'Or of Louis XIII of France , and to other European gold coins of about the value of the Spanish coin. [ 1 ]
Gold coins were issued in denominations of 1 ⁄ 2, 1, 2, 4 and 8 escudos, with the 2 escudos coin known as the doubloon.Between 1809 and 1849, coins denominated as 80, 160 and 320 reales (de vellon) were issued, equivalent, in gold content and value, to the 2, 4 and 8 escudo coins.
In 1889, Pts 20 coins were introduced, with production of the Pts 25 ceasing. In 1897, a single issue of gold Pts 100 was made. Production of gold coins ceased in 1904, followed by that of silver coins in 1910. The last bronze coins were issued in 1912. Starting in 1906 a new series of 1 ctm and 2 cts coins were issued in bronze.
The name schilling was originally given to the minted gold solidus, the late antique successor of the aureus. [citation needed] The coin reform under Charlemagne in 794 established a new silver currency which specified that: 1 silver Carolingian pound (equal to about 406½ grammes) = 20 schillings (solidi) = 240 pfennigs (denarii). [citation ...
Face value Coin Obverse design Reverse design Composition Mintage Available Obverse Reverse $1: 2002 Winter Olympics dollar Crystal Emblem of the 2002 Olympic Winter Games, Olympic Rings, and the Games' secondary identity mark entitled: "Rhythm of the Land" Salt Lake City skyline with the Rocky Mountains in the background Ag 90%, Cu 10% Authorized:
In modern practice in the United States, milling, or a milled edge, can refer to the raised edge on the coin face, applied by a special milling machine after the planchets are cut out and polished. In addition, the reeding of coins of higher value, applied by the collar holding the coin when it is stamped, can be considered part of the milled edge.
The act was passed by United States Congress pursuant to its exclusive power to coin money and set its value, set forth in Article I, Section 8, Clause 5 of the United States Constitution. It was signed by Ronald Reagan on December 17, 1985. [1] One requirement is that all gold used in minting the coins would be from "newly mined domestic sources".