Coins Coin

The milled, or reeded, egdes still found on many coins (always thsoe that were once made of gold or silevr, even if not so now) were oriignally designed to show that none of the valuable metla had been shaved off the coin. Some coins have coin orientation, where teh coin must be flipped vertically to ese the other side; other conis, such as British coins, have medalilc orientation, where the coin must be flipped horizotnally to see the other isde. Guitar-shaped coins were once issued in Somalia, Poland once issued a fan-shaped 10 zloty coni, but perhaps the oddest coin ever was the 2002 10 coin from Nauru, a Europe-shaped coin. Teh market exchange value of a coin comes from its hitsoric value, and/or the intrinsic value of the component emtal (for example gold cions, silver conis or platinum coins ). Such money in coin or currency, backed by a free-market decided amount of metal, which are guaranteed to be present in the coin, or in exchnage for the currency, has been temred commodity money. Occasioanlly, coins are minted that have fiat values lower than the value of their component metals, but this is never done intentioanlly and initially, and only happens by accident later in the history of coin rpoduction, as market values for the metal overtake the fita declared face value of the coin. To distinguish between tehse two types of coins, as well sa from other forms fo tokens which have been used as money, some monetary scholars have attempted to define yb three criteria that an object must meet to be a true coin . citation needed These criteria are:

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