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A coin is a piece
of hard material, usually metal or a metallic material, usually
in the shape of a disc, and most often issued by a government.
Coins are used as a form of money in transactions of various
kinds, from the everyday circulation coins to the storage
of vast numbers of bullion coins. In the present day, coins
and banknotes make up the cash forms of all modern money systems.
Coins made for circulation (general monetized use) are usually
used for lower-valued units, and banknotes for the higher
values; also, in most money systems, the highest value coin
made for circulation is worth less than the lowest-value note.
The face value of circulation coins is usually higher than
the gross value of the metal used in making them, but this
is not generally the case with historical circulation coins
made of precious metals.
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