Why are some coins more valuable than others?

The Metallic or Intrinsic Content of a coin Some coins are more valuable than others purely because of their composition. Many coins minted before the great depression were minted from silver and gold, and these coins have proven to be much more valuable than their copper, bronze and steel counterparts.

Why are the coins different sizes?

As far as size is concerned, the new coins were designed to be different from other coins already in existence. Such a design would allow them to be recognized easily. Designers did a fine job, since it’s easy to distinguish pennies and nickels from dimes and quarters!

When the face value of the coin is more than the value of the metal in it is?

According to Gresham’s law, when the intrinsic value becomes greater than the face value, the coins are in danger of being removed from circulation.

Why is the 5 cent coin bigger than the 10 cent coin?

The Answer: Actually, the first five-cent coin in U.S. history was made of silver and was smaller than today’s dime. That’s because when coins were first produced by the U.S. For example a ten-cent coin, or dime, contained 1/10 the silver found in a dollar.

What determines coin value?

So, again, the variables that determine the value of a coin are mintage number, the grade or state of preservation of a coin, and the fact that some coins are cyclical and we call that demand.

What makes a rare coin valuable?

A rare coin is one that was not minted in mass production or now exists in very limited quantities, meaning there are less of these coins available. A rare coin in good condition may be worth a substantial amount of money or may be something you are interested in collecting.

Why are Canadian coins different sizes?

They have a different metallic composition and most of them are thinner, and thus weigh slightly less, than the analogous U.S. coins. The U.S. penny settled on its current size in 1857, whereas the Canadian penny was much larger (25.4 mm (1.00 in)) until 1920.

Why is money worth made to be less than its face value?

There are two primary reasons a bond might be worth less than its listed face value. All bonds are redeemed at face value when they reach maturity unless there is a default by the issuer. Many bonds pay interest to the bondholder at specific intervals between the date of purchase and the date of maturity.

What is the difference between intrinsic value and face value?

Intrinsic value is what the world accepts as being built into the money, as in its content of precious metals; face value is what the issuer says it’s worth, and what the world accepts its word for.