A restrike coin is a coin minted at a later date using the original dies (the metal stamps used to create the design) or official dies from the issuing authority.
Here’s what that means:
- Official Production: Restrikes are officially produced or sanctioned by the mint or government that issued the original coin, according to 24carat.co.uk.
- Using Original Dies: They are typically struck using the same dies used for the initial minting of the coin, [says Dave W Coins].
- Later Date: The key difference from the original coin is that the restrike is produced at a time after the original issue, [according to Merriam-Webster] . This means a restrike will feature the original date even if it was minted years or even decades later.
- Not Counterfeits: Restrikes are distinct from counterfeits, which are produced without authorization and are intended to deceive collectors.
- Meeting collector demand: Mints sometimes restrike popular coins to allow more people to own a piece of history.
- Celebrating anniversaries or events: Restrikes can be issued to commemorate special occasions or to honor historical significance.
- Disposing of excess bullion: In some cases, restrikes have been produced to utilize surplus precious metals.
- Generally lower value: While valuable in their own right, restrikes typically hold less numismatic value than their original counterparts due to their more modern production and potential increased availability.
- Some can be highly valuable: Restrike coins can still be highly sought after and command significant premiums, particularly if they were struck in limited quantities or a long time ago.
- Maria Theresa Thaler: This iconic silver coin has been restruck since the 18th century, all bearing the date 1780.
- Austrian Gold Coins (dated 1915): The Austrian Mint has issued various gold coins as restrikes, many dated 1915.
- Mexican 50 Pesos (dated 1947): The Mexican Mint restruck this popular gold coin for many years after its initial issue.
It’s important to remember that restrikes can be tricky to identify. If you’re unsure whether a coin is an original or a restrike, it’s always best to consult with a professional numismatist for expert authentication and appraisal.
How can you tell if a coin is a restrike?
Thanks for asking. How Can I Tell if My Coin is a Restrike? Look for signs of wear. If it has been a few years since the initial issue, original coins will demonstrate signs of wear that may be expressed as a lack of mint luster, flattened details and worn areas on the device.
What is restrike?
Re·strike (ˌ)rē-ˈstrīk. ˈrē-ˌstrīk. : a coin or medal struck from an original die at some time after the original issue.
What is a treasury coin?
Treasury Coin Notes were authorized on July 14, 1890, through the Treasury Note Act of 1890, also known as the Sherman Silver Purchase Law. The law required the Treasury to purchase 4.5 million ounces of silver bullion a month and to pay for it with notes soon known as Treasury Notes of 1890 or Treasury Coin Notes.
How do you tell if a 1780 thaler is a restrike?
Great question! Modern Restrike
Key identification characteristics for the 1780 strikes are in particular the form of the brooche in the veil on the obverse (no pearls, except for the later Vienna mint strike), the form of the letter ‘U’ in the reverse (AUST. DUX instead of AVST.