What is money made of in the United States? Specifically, what are coins made of? And what is paper money made of? Silver coins aren’t made from silver, nickels aren’t made from nickel, and lots more surprising facts about what money is made from in the United States!
Coin Myths, Trivia & Facts
Here, our coin experts are debunking popular coin myths, sharing little-known facts about counterfeit coins, gold coins & silver coins, and revealing other important coin facts that anyone who's interested in coins should know! Whether you're concerned about buying fake coins or just need to brush up on your facts about U.S. coins... start here!
Is it time to get rid of the penny and the one-cent denomination in the U.S.? Yes! See how getting rid of the penny in the United States will save taxpayers money AND help coin collecting become an even more popular hobby.
The US Mint did not produce any coins with a mintmark from 1965-1967. Silver was also removed from coins during this time, and proof sets and mint sets were not produced either. It wasn’t until 1968 that mintmarks, proof sets, and mint sets returned to normal. See why 1965 coins, 1966 coins, and 1967 coins are different, and what’s so unique about 1968 coins.
Have a two-headed coin? Want to know what it’s worth? Find out here! See examples of two-headed coins and two-tailed coins made by the U.S. Mint. Plus, other novelty coins like the the Lincoln-Kennedy penny and other 2-headed coins that are not US Mint coins.
The 1979 proof set is the first to feature the Susan B. Anthony dollar. 1979 is also also the year of 2 different types of proof sets — because the U.S. Mint changed the appearance of the ‘S’ mintmark on the coins in the proof set. One is called a 1979 proof set Type 1. The other is called a 1979 proof set Type 2. Here you can find out which one you have and how much it’s worth!
Susan B. Anthony dollar coins were unpopular when they were first released, and they are still not widely collected coins. In fact, the Susan B. Anthony dollar is probably the least popular coin made in America. This makes collecting a complete set of the dollars quite easy and affordable! See other reasons to collect Susan B. Anthony dollars, the rarest Susan B. Anthony dollar coins, and the current value of Susan B. Anthony coins.
Challenge coins are not really coins. They’re not made by the U.S. Mint, and they’re not used as currency. Challenge coins first made their appearance during World War I. Here’s the story behind challenge coins, why they’re called challenge coins, how the coin challenge game works, and how much military challenge coins are worth.
Trying to find out why the US Mint charges what it does for its coins? This US Mint gold price chart will help you understand why their numismatic gold coins and silver coins cost what they do. See how their gold coin prices and silver coin prices compare to daily and historical bullion price charts… plus, ways to save money buying US Mint coins.
There is really no ‘perfect’ time to sell coins. But there ARE some very important things you can look for that will tell you if now is a good time to sell… or not! Here are the most important factors you should consider when deciding the best time to sell coins that you have. See when most people sell coins, what makes coin prices rise and fall, the best time to sell bullion coins, and an important lesson learned from Bitcoin.
Wondering how money is made and how American currency goes from being printed by the government to winding up at your local bank, in stores, and in your pocket? Here’s a fun, easy-to-understand article showing how money gets distributed into commerce, how you can track where your dollar bills have been, and how long money in circulation lasts.
Since the 1970s, the West Point Mint has struck millions of coins. The West Point Mint currently strikes bullion coins (silver, gold, and platinum) and commemorative coins, In the 1970s and 1980s, the West Point Mint made Lincoln pennies and Washington quarters. The first West Point Mint coins did not have a mintmark. The W West Point Mint Mark first appeared in 1984. Here’s more about the many types of West Point coins, including some West Point coins you may have in your pocket right now and their current value!
Silver rounds and silver bars are popular items with many investors — but are these silver bullion products really the best buy out there? Are they better than buying silver coins? Before you buy silver bars and rounds, you should know about these pros and cons of buying silver rounds and bars. I’ll help you determine the best choice when you buy silver products.
Before you buy gold coins from TV infomercials (or anywhere else), I would encourage you to think twice! Gold-plated “coins” are actually tokens. They’re NOT the same as gold coins produced by the U.S. Mint, which are legal tender — with a monetary value as well as a gold value. Here’s how to avoid getting scammed by fake gold coins, tips to help you buy gold coins with confidence, and the best places to buy gold coins from.
It’s true — there’s a rare 1983 copper penny (specifically, a 1983-D penny) that’s worth $15,000. It’s a coin that many numismatic experts (those who study coins) still don’t fully understand — because it’s unlike any other copper penny the United States Mint has ever made. And there may be more out there just like […]
Think you know the United States Mint? Much has happened there since opening in 1792. These 8 cool, quirky facts about the U.S. Mint will blow your mind.
There’s never been a better time to begin coin collecting as a hobby. I’ve been collecting coins since 1992, and I’m going to share with you the reasons I think you’ll enjoy it too.
The 2016 Liberty commemorative gold coins are popular with coin collectors! Here’s why the U.S. Mint issued them, and what makes them so popular.
American Silver Eagle dollar coins aren’t just for silver stackers — they’re exciting coins for numismatists, too. Here’s why silver eagles are fun coins to collect.
This collection of cool facts about pennies, such as how many have been made, what a 1909-S VDB penny is worth, and more will blow you away!
The America the Beautiful Quarters series consists of 56 new quarters that honor one national park or historic monument in each of the 50 states, Washington, D.C., and the 5 U.S. territories. The coins (also called the National Parks and Monuments quarters and National Parks quarters) are being released over 11 years — from 2010 through 2021. Here’s the complete list of quarters, the national site that each one honors, and their release dates.
American silver eagle coins can be expensive to buy. Here are 6 clever ways to save money when buying silver eagles.
Is now a good time to buy silver coins? A look back — and a look ahead — to help you make a good decision about buying silver coins.
These little-known penny facts won’t cost you a cent, but they’ll definitely open your eyes to how much you really know — and don’t know — about pennies!
Are there spiders on your dollar bills? And what’s up with up with that pyramid and the eyeball? Learn about these and other secrets on dollar bills here!
Junk coins aren’t necessarily the stuff you toss out to the curb. They aren’t the showcase pieces that tend to find homes in your coin albums. Junk coins do have a place though. They’re perfect for coin collectors on a budget – especially if you want to fill holes in your coin folders. Plus, circulated junk silver coins are a great way to stock up on silver — and they cost less to purchase than the popular American Silver Eagle bullion coins.
Why do you collect coins? Have you ever asked yourself this question? Sometimes, furthering your appreciation of the hobby you love means taking a step back and considering what drew you to it in the first place and what keeps you there today.
You’ve probably read before that you shouldn’t clean your coins because doing so can lower their value. Actually, there is 1 way that you can clean your coins without damaging them, and you will learn all about that method as well as 4 ways on how you should NOT clean your coins. We’re debunking a few popular coin cleaning ideas here.
There is much lore surrounding the sixpence coin. Here are just 6 incredibly fun facts about sixpence coins.
Silver America the Beautiful bullion coins are 3 inches wide and made from 5 ounces of .999 fine silver! National Park Silver Bullion coins are being offered along with the National Park quarters program. In fact, the silver bullion coins have the exact same designs as the America The Beautiful national park quarters. Here are little-known facts about the silver ATB coins…
There are 28 uncirculated coins in the 2011 United States Mint coin set.
Some little-known facts about the no-cents Liberty V nickel. This 1883 nickel has quite a story to tell! See why it’s often called the Racketeer nickel, and one possible explanation for how the phrase ‘joshing you’ came to be!
The First Spouse gold coins series enters it 5th year in 2011. Let’s find out more about each of the First Spouse coin designs and how you can collect each of the designs for a fraction of the cost of buying the gold coins.
There’s plenty of variety for coin collectors with 2011 United States proof sets.
The 2011 ‘gold’ dollar coin honors a famous peace treaty made between Native Americans and early European settlers.
The small cent penny was first minted in 1856 and includes a number of designs and rare dates that’ll make any coin collector eager to collect this dynamic denomination. The first small cent US penny was the Flying Eagle cent (1856-1858), then came the Indian Head cent (1859-1909), and finally the Lincoln cent (1909-present). Yes, our current U.S. penny is a small cent coin. They’re called small cents because Large Cent pennies with a larger diameter came before them (1793-1857).
Here are 5 reasons you may want to jump on the silver half dollar bandwagon.
5 U.S. Money Secrets – symbols on US paper currency, what the olive branch and arrows mean, what E Pluribus Unum means, 6 things that must appear on every U.S. coin, and how to tell which US Mint facility made a coin.
Buying a souvenir set from the Philadelphia and Denver mints in 1982 and 1983 was the only way to obtain official coin sets from those years.
The United States silver dollar can trace some of its roots to the thaler.
Fiat money is money not based on a physical commodity.
Maintain your dog’s safety by keeping zinc pennies (those made in late 1982 and after) away from your furry friend.
Don’t fall for this coin misnomer about ‘S’ mintmarks on proof coins…
Make sure you know how to avoid buying gold-plated coins.
If you’re looking for a 1965 mint set, you’ll need to turn to the 1965 special mint set — the only official coin set made by the U.S. Mint that year.
The 1964 proof set is the first to contain the Kennedy half dollar and the last until the 1990s to have 90% silver versions of the dime, quarter, and half dollar.
The 1936 proof set was the first modern United States proof set.
We are amid the 30th anniversary of a boom time in coin history — the rise and fall of the coin market of 1979 to 1981.
Check out 5 of the biggest coin mistakes — coins that failed to catch on with the public — that the United States has made.
The 1955 proof set is the first United States proof set to come in a flat cellophane package.
The 1950 proof set was the first proof set made by the U.S. Mint since 1942. Featuring silver coins and the now-obsolete Lincoln wheat cent, the 1950 proof set is a popular coin set among coin collectors.