Asked by: Eloina Kriegenhoferhobbies and interests stamps and coins
Why do coins have holes in the middle?
Last Updated: 26th April, 2020
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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.