Definitions

mint

mint

[mint]
mint, place where legal coinage is manufactured. The name is derived from the temple of Juno Moneta, Rome, where silver coins were made as early as 269 B.C. Mints existed earlier elsewhere, as in Lydia and in Greece; from there coinage was introduced into Italy. The first U.S. mint was established in Philadelphia in 1792. In 1991, U.S. mints operated in West Point, N.Y., Philadelphia, Denver, and San Francisco. See also numismatics; coin; medal.
mint, in botany, common name for members of the Labiatae, a large family of chiefly annual or perennial herbs. Several species are shrubby or climbing forms or, rarely, small trees. Members of the family are found throughout the world, but the chief center of distribution is the Mediterranean region, where these plants form a dominant part of the vegetation. The Labiatae typically have square stems, paired opposite leaves, and tubular flowers with two lips, the upper divided into two lobes and the lower into three. The leaves sometimes grow in whorls; the flowers may be white or shades of red, blue, or purple.

The family is well known for the aromatic volatile or essential oils in the foliage, which are used in perfumes, flavorings, and medicines. Among the more important essential oils are those derived from sage, lavender, rosemary, patchouli, and the true mints. Many of the commonly used potherbs are from the mint family, e.g., basil, thyme, savory, marjoram, oregano, and the plants mentioned above. As is true of most potherbs and spices, these have a history of medicinal use in domestic remedies. Catnip, pennyroyal, hyssop, self-heal, the horehound of confectionery, and curative teas from such plants as bee balm and yerba buena have been similarly used. Species of the Labiatae are often grown as ornamentals as well as in herb gardens, and in the United States several have escaped cultivation and become naturalized as wildflowers. Types of hyssop, sage, pennyroyal, mint, and lavender are among the prevalent native species.

The true mints belong to the genus Mentha. Commercially the most important species is peppermint (M. piperita). The leaves and tops are sometimes dried and utilized for flavoring and in medicine but are chiefly in demand for the oil, distilled out for use as a carminative and stimulant, for its derivative menthol (obtained also from other mints), and for flavoring purposes, especially in chewing gum and candy and as a disguise for disagreeable tastes of drugs. Spearmint (M. spicata) is distinguishable from peppermint by the absence of a leafstalk. Its flavor is milder (the aromatic principle is carvone), and it too is used in chewing gum and medicines and is often cultivated in gardens as a flavoring. Both plants are European perennials now naturalized in the United States.

Also useful medicinally and as a source of an essential oil is the pennyroyal. True, or European, pennyroyal (M. pulegium) is a prostrate perennial. The species name [Lat.,=fleabane] is an herbalist's name given for the plant's supposed property of driving away fleas. The related American pennyroyal (Hedeoma pulegioides) is a branching annual; pennyroyal tea was a traditional domestic remedy. Other American species of Hedeoma and similar genera are also called pennyroyal. The mint family is classified in the division Magnoliophyta, class Magnoliopsida, order Lamiales.

In economics, a place where coins are made according to exact compositions, weights, and dimensions, usually specified by law. The first state mint was probably established by the Lydians in the 7th century BC. The art spread through the Aegean Islands into Italy and other Mediterranean countries, as well as to Persia and India. The Romans laid the foundations of modern minting standards. Coining originated independently in China in the 7th century BC and spread to Japan and Korea. In medieval Europe, mints proliferated as every feudal authority—kings, counts, bishops, and free cities—exercised the mint privilege; the wide variation in coinage that resulted often handicapped commerce. Most countries now operate only one mint, though the U.S. has two active mints, in Philadelphia and Denver. Proof sets of coins for coin collectors are minted in San Francisco. Countries not large or prosperous enough to establish a national mint have their coins struck in foreign mints. Many mints perform functions other than minting, notably refining precious metals and manufacturing medals and seals. Seealso currency, money.

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Mint-made errors are errors in a coin made by the mint during the minting process. They are almost always accidental and in modern minting are usually very rare, making them valuable to numismatists. Minting errors are far more common in older coinage, understandably. Authentic error coins must not be confused with coins that have incurred damage after being minted.

Planchet errors

Planchet errors occur when the wrong coin blanks, or planchets, are fed into a coin-stamping press. This results in a coin that has been stamped with a design intended for a differently sized coin; this is called a wrong planchet error. In addition, unminted or blank planchets are occasionally produced. The results are usually obvious errors that are also prized by collectors, though the errors are usually caught in manufacturing and destroyed. Blank planchets with rims are valued lower than those with no rim.

A Kennedy half dollar struck on a Susan B. Anthony planchet is extremely rare. Sacagawea dollars exist with a state quarter design on the back; this type of error is called a mule, and unintentional ones are rare.

Hub and die errors

Hub and die errors are the result of faults in the coin hub or coin die. There are many different kinds of such errors. Modern coins are still released with hub and die errors, because the defects are too small to be seen with the naked eye. A few exceptions exist, where the dies are used despite producing easily visible flaws. The 1955 Lincoln cent is an example.

Strike errors

Strike errors occur when the planchet is struck. It is a fault in the manufacturing process rather than in either the die or the planchet. A standard type of strike error is a broadstrike, where the rim image is not struck into the coin's edge because the collar die was missing. Numismatists often prize strike error coins over perfectly struck examples, which tend to be more common, but less highly than die error coins, which are usually rarer, making it valuable.

Famous U.S. coin varieties and errors

RPMs

RPM stands for repunched mint marks. It occurs when the mint mark on a coin is struck twice, overlapping the previous mark.

PUP

PUP stands for "pick-up point". It refers to the affected area of an error coin where the error occurs. For example, if you had a double die (DDO) Kennedy half dollar and there was doubling in the L and R of liberty the pickup point (PUP) would be on the L and R of "LIBERTY" on the coin.

See also

External links

  • ErrorsOnCoins Error coin pictures and detailed explanations of how they occur.

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