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A coin is usually 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 of
the United States quarter, to the
storage of vast amounts of
bullion. 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 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.