Have you ever wondered why coins are round?
Ancient coins were made by metalworkers using a hammering technique that carved markings onto the coin's surface. The markings or images that the coin maker wanted to engrave were cut into two dies: an upper die and a lower die. They positioned a blank (an unadorned piece of metal) in between the dies. The higher die would then be struck by the metalworker. The power used to strike the blank engraves the blank with the markings from both dies. The coin naturally took on a somewhat rounded shape when hit with a hammer.
The time of hammer striking is over. Instead, in order to enhance productivity and cut costs, mints make coins in vast quantities using large machinery. A plaster model of the coin is constructed prior to striking, and this more standardized procedure than in the past is utilized to create master dies. Metal sheets are used to make blanks, which are run through a blanking press to create blanks in the form of rounded discs. When ready, blank coins are put through a coin press that can strike up to 720 coins each minute.
It appears to be as simple to create round coins as in any other shape with the advancements in technology. However, round coins continue to be the most often used coin type globally. It’s difficult to change habits and traditions once ingrained into society.
Although modern coins are most frequently round, there are many other shapes that are used in the today, including triangular, rectangular, octagonal, scalloped, and other unusual designs.
2023 1 oz Australian Rectangular Silver Dragon Coin
The Chinese dragon is depicted on the reverse of the 2023 1 oz Rectangular Silver Dragon Coin. It depicts the serpent-like beast slithering above the enormous wealth around it.
Coin Highlights:
- Available to you in plastic flips, acrylic tubes of 20, or Monster Boxes of 200 coins!
- 6th release of Australian Rectangular Dragon Coins!
- Limited mintage of 250,000 coins!
- Contains 1 Troy oz of .9999 pure silver in BU condition.
- The face value of $1 (AUD) is fully backed by the Australian government.
- On the obverse is a portrait of Her Late Majesty, Queen Elizabeth II.
- The reverse features a Chinese dragon with vast treasures.
- Rectangular bullion.
On the obverse of each 2023 Australian Rectangular Silver Dragon Coin, is the final effigy of the late Elizabeth II.
These are the Australian Rectangular Silver Coins, form 2018 to 2023.
Reference
https://www.jmbullion.com/2023-1-oz-australian-rectangular-silver-dragon-coin/
https://www.usmint.gov/learn/production-process/coin-production
https://www.thesprucecrafts.com/how-are-coins-made-4589253
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I am not a financial adviser. This article is not meant to be financial advice. My articles on cryptos, precious metals, and money share my personal opinion, experiences, and general information on cryptos, precious metals, and money.
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I hope to see you again soon!
I post an article daily. I feature precious metals every other day, and on other days I post articles of general interest. Follow me on my journey to save in silver and gold.