Coinage is the term which addresses an amount of coins, collectively. The amount of coins in the collection can be anything from 2 coins to a large amount of currency. It is also coinage regardless of the type of currency that is referred to, although it only refers to coins, not money in note form.
Another definition of coinage refers to the creation or production of coins from metal. This is generally done in a factory by:
• Step one is blanking. This part of the process includes buying strips of metal and feeding the coils through a blanking press which creates the disc shapes called blanks. The remainder, the webbing, is recycled to make more blanks.
• Step two is annealing, washing and drying the coins. The blanks are placed in an annealing furnace which softens the metal, then put through a washer and dryer to clean out the surface.
• Step three is upsetting the coins. Not exactly bullying the coins but putting them through an upsetting mill which raises the rim around the edge, making them look more coin like.
• Step four is arguably the most important: Striking. Here the coins go through the actual coining press to be printed with the designs of each country, making them specific to the country they were made for.
• Step five is inspection. The coins are rigorously checked for imperfections caused by the production. Magnifying glasses are used for this aspect of the production line.
• Finally step six is counting and bagging, which speaks for itself. Coins are counted by a machine, loaded into bags which are sealed and then stacked in shelves onto trucks for delivery. In the US, the bags of coins are sent to Federal Reserve Banks and then sent to local banks for public use.
Another definition of coinage refers to the creation or production of coins from metal. This is generally done in a factory by:
• Step one is blanking. This part of the process includes buying strips of metal and feeding the coils through a blanking press which creates the disc shapes called blanks. The remainder, the webbing, is recycled to make more blanks.
• Step two is annealing, washing and drying the coins. The blanks are placed in an annealing furnace which softens the metal, then put through a washer and dryer to clean out the surface.
• Step three is upsetting the coins. Not exactly bullying the coins but putting them through an upsetting mill which raises the rim around the edge, making them look more coin like.
• Step four is arguably the most important: Striking. Here the coins go through the actual coining press to be printed with the designs of each country, making them specific to the country they were made for.
• Step five is inspection. The coins are rigorously checked for imperfections caused by the production. Magnifying glasses are used for this aspect of the production line.
• Finally step six is counting and bagging, which speaks for itself. Coins are counted by a machine, loaded into bags which are sealed and then stacked in shelves onto trucks for delivery. In the US, the bags of coins are sent to Federal Reserve Banks and then sent to local banks for public use.
