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Coin - Simple English Wikipedia, the free encyclopedia

Coin

From the Simple English Wikipedia, the free encyclopedia that anyone can change

A coin is normally a round piece of metal that is used as currency. Coins have been made for about 2600 years;the first place to make coins was Lydia (modern Turkey

Contents

[change] Appearance

Many coins have complex decorations; one side often has the picture of a head on it. Most people use coins as currency.

[change] Uses

The different decorations on each side of a coin might be used to decide things randomly. This is called "tossing a coin". A person can throw the coin into the air and catch it. You then look at which picture is facing up. If the head is facing up it is called "heads", if the other picture is facing up it is called "tails". Before tossing the coin someone has to decide what each picture means.

[change] Gambling

Tossing a coin can be a type of gambling, which is illegal (against the law) in some countries, but it depends, of course, if something is gambled upon with a price someone risks or if it's just merely to decide something, so it's hard to take a real gamble with coins.

[change] Other views

Some people see coins as a sign as greed, such as some Communists and Puritans, who sometimes condemn over-hoarding of coins, and ascetics, who often keep little in the ways of money (coins), leading a "poor"-lifestyle.

[change] Collecting

Main article: Coin collecting

Because coins have been made for a very long time, some people collect old coins. They are much cheaper than other old things, especially if they are made of cheap metals like copper. Older coins normally cost more than newer ones, but rarity matters more-some coins from the 1920s cost vast sums, while some Roman coins cost very little.


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