Asked by: Eloina Kriegenhofer
hobbies and interests stamps and coins

Why do coins have holes in the middle?

Last Updated: 26th April, 2020

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Coins were also minted with holes deliberately in them. The most famous coins minted with a hole were Ancient Chinese coins that had squares cut into the centre instead round shape. The reason being they were easier to string when the hole is square.

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Similarly, it is asked, what does it mean when a coin has a hole in it?

A single hole near the edge means that the coin may have been worn on a necklace or bracelet. Two holes toward the center of the coin, such as the one pictured, indicates that it may have been used as a button on a piece of clothing. This kind of destruction makes the coin worthless to collectors.

Beside above, why do Chinese coins have a hole in the middle? Most Chinese coins were produced with a square hole in the middle. This was used to allow collections of coins to be threaded on a square rod so that the rough edges could be filed smooth, and then threaded on strings for ease of handling.

Also to know, does a hole in a coin devalue it?

There is no set amount of value a coin will lose if it has been holed. The severity of the holing, the rarity of the coin without the hole, and the overall appearance of the coin factor in on the value.

Why do Norwegian coins have holes?

One can definitely argue that making a hole in the middle of the coin makes them lighter. A third reason might be to make them more recognisable for blind people. Without the hole in the 5kr coin, it would require more training for someone to be able to differentiate it from the 20 kr coin than it is today.

Related Question Answers

Coloma Arnandis

Professional

Is it illegal to drill a hole in a coin?

It is not illegal to deface coins BUT they can no longer be used anywhere for currency or you would be breaking the law. It is perfectly legal to drill a small hole in a nickel, paint a quarter, or bend a penny if you want.

Ligita Tapping

Professional

What coin has a hole in the middle?

Like the five-yen coin, the fifty-yen coin can be easily distinguished by the hole in the center. This wasn't always the case though. Japan figured it could kill three birds with one hole.

Kamo Pateiro

Professional

Is making jewelry out of coins illegal?

It is illegal to deface US currency if the intent is continue to use it as legal tender after it has been altered. As a matter of policy, the U.S. Mint does not promote coloring, plating or altering U.S. coinage, however, there are no sanctions against such activity unless the intent is to be fraudulent.

Madie Bausells

Explainer

How do you clean old coins?

Clean old coins with vinegar.
To clean an old coin with vinegar, pour a cup of vinegar into a glass or bowl, and then gently set the coin at the bottom. Let the coin soak for a few minutes. Then grasp the coin by its edges, pull it out of the vinegar, and rinse it clean with distilled water.

Myesha Berasategui

Explainer

How do you punch a hole in a penny?

  1. Place the coin in the center of a small block of scrap wood.
  2. Create a dot on the coin with a permanent marker.
  3. Align the tip of the center punch to the permanent marker dot.
  4. Attach the 1/16-inch metal drill bit to the hand-held drill.
  5. Line the tip of the drill bit to the indentation on the coin.

Gezabel Arenzana

Explainer

What is a 50 yen coin worth?

50 JPY = 0.45 USD. Currency. Yen (1871-date) Composition. Copper-nickel.

Lahbib Ascunce

Pundit

Segundo Riedl

Pundit

What does 5 yen mean?

5 yen coin is pronounced "go-yen" in Japanese. Another meaning of go-yen are "fate", "destiny", "chance" and "relationship". Therefore 5 yen coins are commonly used to throw into a offertory box at shrines to pray for good fate or good relationship. 5 yen (1 coin): good luck.

Frauke Cuevas

Pundit

Why do so many old coins have holes in them?

The most famous coins minted with a hole were Ancient Chinese coins that had squares cut into the centre instead round shape. The reason being they were easier to string when the hole is square.

Jiaqian Apprich

Pundit

What is a Chinese coin called?

There are a variety of Chinese terms for cash coins, usually descriptive and most commonly including the character qián (Chinese: ?; pinyin: qián) meaning "money". Chinese qián is also a weight-derived currency denomination in China; it is called mace in English.

Yaco Martin De Vidales

Pundit

What does Chinese coin symbolize?

Chinese Coins Used as Feng Shui Money Cures
The round shape represents heaven, while the square represents Earth.

Janella Brasal

Teacher

What is Chinese money made out of?

In ancient China, coins were the main forms of currency. These coins can be made of copper, iron, lead, gold and silver with different shapes, weight and marks.

Dimitrios Wapel

Teacher

What are Japanese coins called?

Japanese coins are for 1 yen, 5 yen, 10 yen, 50 yen, 100 yen and 500 yen. The 500 yen coin is also silver in color and depending on fluctuations in exchange rates of the yen the 500 yen coin is often the highest valued coin in the world. The obverse design features the paulownia.

Meire Brockmeyer

Teacher

Why is there a hole in Japanese coins?

Taxes also had to be paid in coins. The hole in the center, which now is cut in only the 5- and 50-yen coins, has several purposes. As you surmised, you can carry the coins on a string and wear them, which makes them easier to protect from thieves and keeps them from getting lost.

Shamil Sampainho

Reviewer

Are old Chinese coins worth anything?

The majority of antique Chinese coins are worth less than a dollar, with many specimens coming in between $5 and $10. Investigating the provenance of any rare coin before buying is also a good choice. Archaeological resources and coin comparison guides are good places to start an investigation.

Raico Cidon

Reviewer

Why do people stick pennies to bottom of shoes?

Tap shoes are EXPENSIVE, so to create some makeshift shoes on the fly, try gluing a few pennies to the bottom of your kids' sneakers. This cheap trick will help you kids figure out if they like the feel of tap dance and are guaranteed to entertain them for hours.

Shantell Rings

Reviewer

Why is the Norwegian krone so weak?

Many currency analysts suggest that the Norwegian krone remains weak due to unstable international markets that are characterized by headlines such as Brexit, trade war and falling stock exchanges. This creates nervous investors who then stay away from small, volatile currencies like the Norwegian krone.

Dame Tenborg

Supporter

What is Norway's money called?

Norwegian krone

Haili Ventrel

Supporter

How do I exchange old Norwegian banknotes?

Old banknotes taken out of circulation
  1. You can have them deposited in a bank: Fill out the banknote exchange form.
  2. You can exchange old 100-krone and 200-krone banknotes for new ones at Norges Bank's depots in Tromsø, Trondheim, Bergen, Stavanger or Oslo Monday to Friday 9 AM - 3 PM.