Today, we can virtually spot custom coins in various countries. Most of the coins produced in other countries are made of a special type of metal and they are valued as fiat money. This means that the coins that are created today can be based on the government law or they can be based on the free market. Most of those metal discs that are created today are also used for award purposes. They are considered as tokens or awards. Of course, the main purpose of the coin is for monetary purposes. They are government designed and they have an equivalent value. The coins that are in circulation right now are considered as fiat values that are lower than with their component metals. They are initially used for trade and they are very important especially during the times of inflation. Examples of the coins that are in circulation today are the dime, dollar and the US nickel.
Since there was a rise to the value of copper, the United States have also utilized other materials in making this form of currency. In the mid 80s the coins that are produced by the US is out of 97% zinc with just a small coating of copper. This type of practice of using other materials in order to create coins has also been practiced by makers of custom coins. Nowadays, they often mix lead or bronze together with their products.
Of course, those that have the right value and those that have certain uniqueness are collected by fanatics. Those that have certain historical significance, beauty and rarity are often bought be avid collectors. The value of those custom made coins can also be influenced by various factors that are largely based on the value of the base metal use such as those with platinum, silver and gold. Sometimes, the coins have a certain mark which makes it quite rare from the others. The markings can also make it more expensive than with regular coins. For instance, the value of the Canadian Maple leaf is quite high because of the face value of the coin. Such types of collectable custom coins are never for circulation and they are specifically for collection use only.
Do you know that coins can also be used as a way to express your beliefs? They can be used as fine art designs and other specialized uses. For instance, there are special made tokens that are used in amusement parks. Amusement park owners will often create a specific type of token which is only usable inside their premises. Not all the custom coins that are created today are round shaped. There are also ones that have flat sides and they are designed specifically for a certain use.
Some of the custom made ones have a wavy edge, such as the 20 cent coins of Hong Kong. Some also have a square shape, such as with the 15 cent in the Bahamas. Imagine, there are also some that have square, wavy, polygon or oblong shaped coins made for trade and collection purposes. Astonishingly, there is also the custom made token with a triangular shape that is found in the Isle of Man. It is a legal tender and people trade it. Somalia even has a guitar shaped coin and during the medieval ages there are ones that are so thin. The Royal mint has also created their colored coins and even a holographic type token which can be traded.
The most common types of custom made coins were utilized under tradition of a certain challenge. The rule of the challenge is that units in the military are required to have a certain type of token at all times. The one who will not be able to carry their coin will be required to pay for a certain due, such as paying for drinks or cleaning the barracks. The tradition of using custom made coins is actually meant as a source for morale for soldiers.
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