Cryptocurrency Q&A
What does a numismatic coin mean?
What does a numismatic coin mean?
CharmedFantasy
Tue Jul 16 2024
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5 answers
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As a cryptocurrency enthusiast, I'm curious about the distinction between digital currencies and traditional forms of money. Specifically, I'm wondering: What does a numismatic coin mean? Is it simply a coin that's valuable due to its rarity, condition, or historical significance? Or does it encompass a broader definition? I'm interested in understanding the nuances between coins that are used as currency and those that are collected for their aesthetic or historical value. Additionally, I'm curious to know if there's any overlap between numismatic coins and cryptocurrencies, especially given the rise of digital collectibles and non-fungible tokens (NFTs).
5 answers
GangnamGlitzGlamour
Thu Jul 18 2024
This terminology is also used to designate coins minted from silver, commonly comprising 90% silver and 10% copper, though there are rare exceptions.
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Marco
Thu Jul 18 2024
The use of this phrase simplifies transactions in the numismatic market, allowing buyers and sellers to agree on prices without the need for immediate physical inspection.
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EthereumEmpireGuard
Thu Jul 18 2024
Coins struck in silver, as indicated by this term, often possess a unique historical or commemorative value, adding to their allure for collectors.
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StarlitFantasy
Thu Jul 18 2024
The expression denotes an agreement where the purchaser of a specific numismatic item in a designated grade commits to paying a predetermined price without physically inspecting the piece.
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CoinMaster
Thu Jul 18 2024
Among the various services offered by BTCC, a UK-based cryptocurrency exchange, are spot trading, futures contracts, and wallet management. These services cater to a wide range of cryptocurrency enthusiasts and investors.
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