In numismatics (the study of coins), a restrike coin is a coin that is minted using the original dies (the metal stamps used to create the coin’s design) but at a later date than the original issue.
- Same design, later date: Restrikes look identical to their original counterparts because they’re struck from the same dies, [according to Hero Bullion] . The key difference is the year of actual production, which is later than the date inscribed on the coin.
- Produced by the original mint or authorized entity: True restrikes are typically created by the same government mint that produced the original coins, or by an organization authorized by that government to use the original dies. This differentiates them from counterfeits, which are unauthorized copies.
- Reasons for restrikes: Mints might issue restrikes for various reasons, including:
– Meeting collector demand: Reissuing popular older coins can allow more people to own a piece of history, [says Hero Bullion].
– Disposing of excess bullion.
– Commemorating a special occasion.
– Unofficially, to supplement a mint employee’s income using government resources (historically).
Restrike coins are generally less valuable than their original counterparts due to their more modern production and higher mintage numbers. However, some restrikes can still be valuable, particularly if they are rare or made of precious metals.
Identifying a restrike can be difficult because of their accurate replication of the original design. However, some clues may include:
- Lack of wear: True original coins typically show signs of wear consistent with their age, while restrikes, being more modern, may appear in nearly perfect, uncirculated condition.
- Mint luster: Restrikes may retain a fresh mint luster not typically found on older, circulated coins.
- Product descriptions: Always carefully examine the descriptions of coins you’re considering purchasing, as reputable sellers will clearly identify restrikes.
- Consulting a professional numismatist: If you are unsure, seeking the opinion of an expert coin grader is highly recommended.
Is a restrike coin worth anything?
Good point! Are Restrike Coins Valuable? Restrike coins are typically less valuable than the original dated coins they’re based on, but that doesn’t mean they aren’t worth buying.
Are souvenir coins worth anything?
In our experience, a commemorative coins’ value usually lies in the fact it’s a collectable item. If it’s rare, it will probably be worth far more than its face value. Non-circulating commemorative coins are particularly sought after and treasured by collectors for their aesthetic appeal or rarity value.