US Coins In Have Ridges

Decent Essays

The idea of putting ridges, or “reeds” on the sides of coins commenced in 1972, when the Coinage Act was placed by the US Mint. This not only began the process of putting reeds on coins, but also meant that $10, $2.50 and $5 coins were made of their face value in gold. ( staff) But, after a while, a dilemma arose…
People shaved some off the sides of the coins to later melt the clippings down for other coins. You would not make a profit all at once, but after a while of clipping, you would be able to make your own coins(Why do some US coins In Have Ridges)
Another problem was counterfeiters. So, to stop people from shaving and counterfeiting (or at least make it more difficult) The US Mint put reeds on the sides of coins. Counterfeiting was already exhausting and sluggish without the reeds on the sides of coins, so with the reeds, it would not be worth your work when you were finished. …show more content…

Coins In Have Ridges)
However, reeds were not accompanied on all US coins. Pennies and nickels are considered minor coins of the United States, so they were not included in the band of coins that had reeds. (Why do Some Coins Have Ridges On Them. And Why Are They There?)
Nowadays coins are no longer made of precious metals. So why, we ask, do coins still have reeds? Because it would cost much more money to alter the machines than to keep the reed design. So, US coins continue to have reeds today.

Get Access