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Bi-metallic coin

Bi-metallic coins are coins consisting of two (bi-) metals or alloys, generally arranged with an outer ring around a contrasting center.[1] Common circulating examples include the €1, €2, United Kingdom £1 and £2, Canadian $2, South Africa R5, Turkish 1 lira and 50 kurus, Indian ₹10 and ₹20, Indonesian Rp1,000, Polish 2 and 5 zł, Czech 50 Kč, Hungarian 100 and 200 Ft, Bulgarian 1 and 2 lv., Hong Kong $10, Argentine $1 and $2, Brazilian R$1, Chilean $100 and $500, Colombian $500 and $1000, Peruvian S/2 and S/5, Albanian 100 Lekë, and all Mexican coins of $1 or higher denomination.

Bi-metallic coins are made up of a core with an outer ring. (e.g.: 500 yen coin)

History edit

Bi-metallic coins and medals have been issued for a long time. The Roman Empire issued special-occasion, large medallions with a center of bronze or copper and an outer ring of orichalcum, starting with the reign of Hadrian. Meanwhile, circulating bi-metallic coins are known from the 17th century.[2][3] English farthings from 1684 through 1693 were made of tin with a central plug of copper for value. The silver-center cent pattern produced by the United States in 1792 is another example.[2]

In the 1830s and 1840s, British medalist Joseph Moore produced large numbers of bi-metallic "penny model" and less common "halfpenny model" tokens, as a proposal to replace the relatively large penny and halfpenny coins.[4][5] Though not legal tender, Moore's tokens were circulated widely and accepted at face value by many merchants. Despite their popularity, the Royal Mint rejected the proposal, and did not reduce the size of the penny and halfpenny until decimalization.[6]

The first modern circulating bi-metallic coin was the Italian 500 lire, first issued in 1982.[7] Based on the minting process of the lire coin, the following issued bi-metallic coins for circulation were issued:[citation needed]

The first ever tri-metallic circulating coins were 20-francs coins introduced in France and Monaco in 1992. These were similar to the corresponding bi-metallic 10-francs coins, but had two rings instead of one.

Use edit

As well as circulating coins, where they are generally restricted to high-denomination coins, bi-metallic coins are often used in commemorative issues, often made of precious metals. For example, the only bi-metallic coin issued by the United States is the $10 Library of Congress commemorative, made of a gold ring around a platinum center. They are used primarily as a way of securing against coin counterfeiting.[12]

Manufacturing edit

 
A Brazilian R$1 coin with its parts separated

The manufacturing process is similar to that of ordinary coins, except that two blanks (the inner and the outer) are struck at the same time, deforming the separate blanks sufficiently to hold them together.[13]

Countries edit

 
Countries with bimetallic coins in circulation. Gold denotes more than one bimetallic coin in use. Red denotes one bimetallic coin in use. Blue denotes that non-bimetallic coin of the same value circulates alongside the bimetallic coin.

Examples edit

References edit

  1. ^ . Oxford Dictionaries | English. Archived from the original on September 26, 2016. Retrieved 2019-04-08.
  2. ^ a b "History of Bimetallic Coins". www.fleur-de-coin.com. Retrieved 2019-04-09.
  3. ^ "Bi Metal Coins From ancient Rome Till present Day". Coins Auctioned. Retrieved 2019-04-09.
  4. ^ "Joseph Moore, Medal Designer (1817-?)". Museums Victoria Collections. Retrieved 2019-05-27.
  5. ^ "BBC - A History of the World - Object : Victorian One Penny Model Coin". www.bbc.co.uk. Retrieved 2019-05-27.
  6. ^ "Message - UK Finds Database -". www.ukdfd.co.uk. Retrieved 2019-04-15.
  7. ^ Standard catalog of world coins. 1993-12-01.
  8. ^ "ECB: Introduction". ECB. ECB. 12 November 2020.
  9. ^ "A Brief History: Looking into the World of Bi-Metal Two Pound Coins | British Pobjoy Mint". www.pobjoy.com. Retrieved 2019-04-11.
  10. ^ . www.mas.gov.sg. Archived from the original on 2019-04-11. Retrieved 2019-04-11.
  11. ^ "Banco Central presenta nueva moneda de ¢500 para conmemorar el Bicentenario de Costa Rica".
  12. ^ "Bimetallism". eh.net. Retrieved 2019-04-17.
  13. ^ Leitão, P.J.; Teixeira, A.C.; Rodrigues, J.M.C.; Martins, P.A.F. (October 1997). "Development of an industrial process for minting a new type of bimetallic coin". Journal of Materials Processing Technology. 70 (1–3): 178–184. doi:10.1016/S0924-0136(97)02914-2.

External links edit

  •   Media related to Bi-metallic coins at Wikimedia Commons

metallic, coin, confused, with, bimetallism, coins, consisting, metals, alloys, generally, arranged, with, outer, ring, around, contrasting, center, common, circulating, examples, include, united, kingdom, canadian, south, africa, turkish, lira, kurus, indian,. Not to be confused with bimetallism Bi metallic coins are coins consisting of two bi metals or alloys generally arranged with an outer ring around a contrasting center 1 Common circulating examples include the 1 2 United Kingdom 1 and 2 Canadian 2 South Africa R5 Turkish 1 lira and 50 kurus Indian 10 and 20 Indonesian Rp1 000 Polish 2 and 5 zl Czech 50 Kc Hungarian 100 and 200 Ft Bulgarian 1 and 2 lv Hong Kong 10 Argentine 1 and 2 Brazilian R 1 Chilean 100 and 500 Colombian 500 and 1000 Peruvian S 2 and S 5 Albanian 100 Leke and all Mexican coins of 1 or higher denomination Bi metallic coins are made up of a core with an outer ring e g 500 yen coin Contents 1 History 2 Use 3 Manufacturing 4 Countries 5 Examples 6 References 7 External linksHistory editThis section may require cleanup to meet Wikipedia s quality standards The specific problem is modern circulating coins list needs tidying up Please help improve this section if you can December 2020 Learn how and when to remove this message Bi metallic coins and medals have been issued for a long time The Roman Empire issued special occasion large medallions with a center of bronze or copper and an outer ring of orichalcum starting with the reign of Hadrian Meanwhile circulating bi metallic coins are known from the 17th century 2 3 English farthings from 1684 through 1693 were made of tin with a central plug of copper for value The silver center cent pattern produced by the United States in 1792 is another example 2 In the 1830s and 1840s British medalist Joseph Moore produced large numbers of bi metallic penny model and less common halfpenny model tokens as a proposal to replace the relatively large penny and halfpenny coins 4 5 Though not legal tender Moore s tokens were circulated widely and accepted at face value by many merchants Despite their popularity the Royal Mint rejected the proposal and did not reduce the size of the penny and halfpenny until decimalization 6 The first modern circulating bi metallic coin was the Italian 500 lire first issued in 1982 7 Based on the minting process of the lire coin the following issued bi metallic coins for circulation were issued citation needed Morocco with its 5 dirhams coin in 1987 France with a 10 francs coin in 1988 Monaco with a 10 francs Thailand with a 10 baht in 1988 Czech Republic with a 50 Kc coin in 1993 Hong Kong with a 10 coin in 1993 Indonesia with a Rp1 000 coin in 1993 Israel with a 10 coin in 1995 Canada with a 2 coin nicknamed toonie in 1996 Hungary with a 100 forint coin in 1996 and a 200 forint coin in 2009 Brazil with the 1 real coin in 1998 The United Kingdom has issued a bi metallic 2 coin since 1997 and a bi metallic 1 coin since March 2017 The Philippines has minted a bi metallic 10 peso coin from 2000 to 2017 and a 20 peso coin since 2019 The Eurozone circulated the 1 and 2 coins on 1 January 2002 8 India has issued a bi metallic 10 coin since 2009 and a bi metallic 20 coin since 2019 Singapore has issued a bi metallic 1 dollar coin since 2013 9 10 Japan has issued a bi metallic 500 yen coin since 2021 Costa Rica announced a bi metallic 500 colones coin that will start to circulate in November 2021 11 The first ever tri metallic circulating coins were 20 francs coins introduced in France and Monaco in 1992 These were similar to the corresponding bi metallic 10 francs coins but had two rings instead of one Use editAs well as circulating coins where they are generally restricted to high denomination coins bi metallic coins are often used in commemorative issues often made of precious metals For example the only bi metallic coin issued by the United States is the 10 Library of Congress commemorative made of a gold ring around a platinum center They are used primarily as a way of securing against coin counterfeiting 12 Manufacturing edit nbsp A Brazilian R 1 coin with its parts separated The manufacturing process is similar to that of ordinary coins except that two blanks the inner and the outer are struck at the same time deforming the separate blanks sufficiently to hold them together 13 Countries edit nbsp Countries with bimetallic coins in circulation Gold denotes more than one bimetallic coin in use Red denotes one bimetallic coin in use Blue denotes that non bimetallic coin of the same value circulates alongside the bimetallic coin Examples edit nbsp Two Kelapa Sawit oil palm bi metallic Rp1 000 coins with the second one being minted in 1996 nbsp 2008 King Tutankhamun bi metallic E1 coin nbsp Brazilian R 1 coin a stainless steel center in a bronze plated steel ring nbsp 10 bi metallic coins from India nbsp 1992 French 20 francs tri metallic coin References edit bimetallic Definition of bimetallic in English by Oxford Dictionaries Oxford Dictionaries English Archived from the original on September 26 2016 Retrieved 2019 04 08 a b History of Bimetallic Coins www fleur de coin com Retrieved 2019 04 09 Bi Metal Coins From ancient Rome Till present Day Coins Auctioned Retrieved 2019 04 09 Joseph Moore Medal Designer 1817 Museums Victoria Collections Retrieved 2019 05 27 BBC A History of the World Object Victorian One Penny Model Coin www bbc co uk Retrieved 2019 05 27 Message UK Finds Database www ukdfd co uk Retrieved 2019 04 15 Standard catalog of world coins 1993 12 01 ECB Introduction ECB ECB 12 November 2020 A Brief History Looking into the World of Bi Metal Two Pound Coins British Pobjoy Mint www pobjoy com Retrieved 2019 04 11 Circulation Currency gt Coins www mas gov sg Archived from the original on 2019 04 11 Retrieved 2019 04 11 Banco Central presenta nueva moneda de 500 para conmemorar el Bicentenario de Costa Rica Bimetallism eh net Retrieved 2019 04 17 Leitao P J Teixeira A C Rodrigues J M C Martins P A F October 1997 Development of an industrial process for minting a new type of bimetallic coin Journal of Materials Processing Technology 70 1 3 178 184 doi 10 1016 S0924 0136 97 02914 2 External links edit nbsp Media related to Bi metallic coins at Wikimedia Commons Portals nbsp Money nbsp Numismatics Retrieved from https en wikipedia org w index php title Bi metallic coin amp oldid 1219361618, wikipedia, wiki, book, books, library,

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