BOOK REVIEW: DIRECTORY OF CIRCULATING COINS 3RD

Currency News publishes Directory of Circulating Coins, published in its third edition in late 2019, following a first edition in 2014 and second edition in 2016.

The latest book reflects significant change since the second edition.

Since 2016, one or more coins were either withdrawn or ceased production in 12 countries. However, the same number of countries introduced higher denomination coins (both scenarios don’t necessarily apply to the same countries).

In addition, since the second edition, two countries have reintroduced or issued coins for the first time, and 18 countries changed their whole series of coin designs.

Though demand for coins has decreased 20 percent since the second edition, the number of coins in circulation has increased, according to a white paper by John Winchcombe that was published by Reconnaissance International, parent company to Currency News.

It is coins at the higher end that are being hoarded as a store of value, according to Winchcombe, just as bank notes act as a store of value.

Recirculation of coins is a constant challenge for issuing authorities and mints. The Dutch National Bank believes that 60 percent of coins are used only once, according to Winchcombe, who said, "If this could be changed, the savings would be significant."

To read the complete article, see:
Book explores present circulating coinage demands (https://www.coinworld.com/news/precious-metals/book-explores-present-circulating-coinage-demands)

To read the earlier E-Sylum article, see:
NEW BOOK: DIRECTORY OF CIRCULATING COINS 3RD ED. (https://www.coinbooks.org/v22/esylum_v22n30a03.html)

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