Bi-metallic coin

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€2 coin, composed of a core of nickel-brass, ringed by a copper-nickel alloy.

Bi-metallic coins are coins consisting of two (bi-) metals or alloys[1], generally arranged with an outer ring around a contrasting center. Common circulating examples include the ₹10, €1, €2, 2 and 5 PLN, 50 CZK, 100 and 200 HUF, 1 and 2 BGN, British £1 and £2, Canadian $2, South African R5, Turkish 1 lira, IDR 1K, Hong Kong $10, Argentine $1, Brazilian R$1, Chilean $100 and $500, Colombian $500 and $1000, and all Mexican coins of $1 or higher denomination.

Canadian two-dollar coin colloquially known as the toonie, first released in 1996
2008 "King Tutankhamun" bi-metallic 1 Egyptian pound coin.

Bi-metallic coins have been issued for a long time, with known examples dating from the 17th century[2], while the Roman Empire[3] issued special-occasion, large medallions with a center of bronze or copper and an outer ring of orichalcum, starting with the reign of Hadrian. 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.[citation needed] 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[4], and did not reduce the size of the penny and halfpenny until decimalization.

In recent times, the first circulating bi-metallic coin was the Italian 500 lire, first issued in 1982. Morocco, with its 5-dirhams coin in 1987; France, with a 10-francs coin in 1992; Monaco, with a 10 francs; Thailand, with a 10 baht, in 1988; and Hong Kong, with a $10 coin, in 1993, Hungary, with a 100-forint coin in 1996, and Brazil with the 1 real coin issued bi-metallic coins for circulation all based on the minting process of the Italian 500 lire coin. India introduced 10-rupee bi-metallic coins in 2009 that are dated 2006 (minted at Noida). Since 1996, Canada has also produced bi-metallic $2 coins (nicknamed "toonies"). Great Britain has issued a bi-metallic 2-pound coin since 1997[5]; and Singapore has issued a bi-metallic 1-dollar coin since 2013[6].

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.

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 of 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 [7].

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 [8].

Countries[edit]

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

References[edit]

  1. ^ "bimetallic | Definition of bimetallic in English by Oxford Dictionaries". Oxford Dictionaries | English. 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. ^ "Message - UK Finds Database -". www.ukdfd.co.uk. Retrieved 2019-04-15.
  5. ^ "A Brief History: Looking into the World of Bi-Metal Two Pound Coins | British Pobjoy Mint". www.pobjoy.com. Retrieved 2019-04-11.
  6. ^ "Circulation Currency > Coins". www.mas.gov.sg. Retrieved 2019-04-11.
  7. ^ "Bimetallism". eh.net. Retrieved 2019-04-17.
  8. ^ "ScienceDirect". www.sciencedirect.com. Retrieved 2019-04-17.

External links[edit]