1.
What was the last year coins were minted for Newfoundland before it became part of Canada?
Correct Answer
D. 1947
Explanation
The correct answer is 1947. This is the last year coins were minted for Newfoundland before it became part of Canada.
2.
In the old British system how many shillings equaled one crown?
Correct Answer
C. 5
Explanation
In the old British system, one crown was equal to 5 shillings. This means that if you had 5 shillings, you would have the equivalent value of one crown. This conversion rate was used in the British currency system before it was decimalized in 1971.
3.
The reverse of the half dollar depicted the Liberty Bell during which period in history?
Correct Answer
B. The Eisenhower Administration
Explanation
During the Eisenhower Administration, the reverse of the half dollar depicted the Liberty Bell. This period in history refers to the presidency of Dwight D. Eisenhower, which lasted from 1953 to 1961. The design of the half dollar coin was changed during this time to feature the Liberty Bell, symbolizing American freedom and independence.
4.
What is the face value of a gold slug?
Correct Answer
A. 50
Explanation
The face value of a gold slug is 50.
5.
In what year did Canada have a two cent piece?
Correct Answer
A. Canada Never Had A Two Cent Piece
Explanation
Canada never had a two cent piece. This means that there was never a year in which Canada introduced or circulated a two cent coin.
6.
How many circulating varieties of Lincoln cents were minted in 1982?
Correct Answer
A. 7
Explanation
In 1982, a total of seven circulating varieties of Lincoln cents were minted. This means that there were seven different versions of the coin that were released into circulation. These varieties could include differences in the composition of the coin, such as copper or zinc, or differences in the design or mint mark.
7.
What is the only year a 3 cent piece was made with a mint mark?
Correct Answer
D. 1851
8.
In coin collecting, what is a fantasy?
Correct Answer
D. Something That Resembles A Coin But Was Not Issued By Any Legitimate Government
Explanation
A fantasy in coin collecting refers to something that resembles a coin but was not issued by any legitimate government. It could be a coin-like object or a token that imitates the appearance of a real coin but does not have any official status or monetary value. These fantasy coins are often created for commemorative or novelty purposes and are not considered legitimate currency.
9.
What year were no Washington quarters made?
Correct Answer
D. 1933
Explanation
In 1933, no Washington quarters were made due to the halt in production caused by the Great Depression and the transition to a new design for the quarter.
10.
What was the first year Canada had a silver dollar?
Correct Answer
D. 1935
Explanation
In 1935, Canada introduced its first silver dollar. This means that before 1935, Canada did not have a silver dollar.
11.
What does the small maple leaf next to the date of some 1947 Canadian coins signify?
Correct Answer
A. It Means The Coins Were Actually Minted In 1948
Explanation
The small maple leaf next to the date of some 1947 Canadian coins signifies that the coins were actually minted in 1948. This indicates that there was a delay in the production or release of these coins, causing them to be minted in the following year instead of the intended year. The maple leaf is used as a symbol of Canada, and its inclusion on the coin may have been a way to maintain the national identity and association with the country.
12.
What mint produced 1922 Lincoln cents without a mint mark?
Correct Answer
A. Denver
Explanation
Denver is the correct answer because in 1922, the Denver mint produced Lincoln cents without a mint mark. Mint marks are small letters or symbols that indicate which mint facility produced a particular coin. In this case, the absence of a mint mark indicates that the coins were produced in Denver.
13.
Which country once had circulating platinum coins?
Correct Answer
C. Russia
Explanation
During the period of the Russian Empire, Russia was the only country that had circulating platinum coins. Platinum coins were minted in Russia from 1828 to 1845 and were mainly used for large transactions. The coins were made of 96% platinum and had a high value due to the scarcity of platinum at that time. This made Russia unique in its use of platinum coins, as no other country had adopted platinum as a circulating currency during that period.
14.
Which country starting in 1888 had coins depicting their infant king?
Correct Answer
B. Spain
Explanation
In 1888, Spain started issuing coins that depicted their infant king. This suggests that the correct answer is Spain.
15.
What does "BU" mean in coin collecting?
Correct Answer
B. Brilliant Uncirculated
Explanation
BU stands for Brilliant Uncirculated in coin collecting. This term is used to describe a coin that is in pristine condition, showing no signs of wear or circulation. A Brilliant Uncirculated coin has a lustrous and shiny appearance, as if it has just been minted. These coins are highly sought after by collectors due to their exceptional condition and are often more valuable than circulated coins.