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Coin facts & stats

7 fact-checked facts about coins, each with the reason behind it. 5 more are in today's round and join this page after it closes.

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The basics

When a fair coin is tossed, what is the probability of heads?

Answer1/2

A fair coin has two equally likely outcomes, so heads has a probability of one half.

Which metal has traditionally been used for the highest-value coins?

AnswerGold

Gold's rarity and resistance to corrosion made it the classic metal for high-value coins.

Going deeper

What is the study and collecting of coins called?

AnswerNumismatics

Numismatics is the study of coins and currency; philately is stamp collecting.

The earliest known coins were made in Lydia, which is in modern-day where?

AnswerTurkey

Lydia, in western Anatolia (modern Turkey), produced some of the first coins around the 7th century BC.

The first Lydian coins were made of electrum, a natural alloy of which metals?

AnswerGold and silver

Electrum is a naturally occurring mix of gold and silver.

Expert level

The Spanish silver coins called "pieces of eight" were worth eight of what?

AnswerReales

Pieces of eight were Spanish dollars worth 8 reales, used worldwide for centuries.

What is the blank metal disc called before it is struck into a coin?

AnswerA planchet

A planchet, also called a blank or flan, is the disc of metal that dies stamp into a finished coin.

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