1.
What makes some early U.S. silver coins technically illegal?
Correct Answer
C. They Had The Wrong Silver Content
Explanation
Some early U.S. silver coins were technically illegal because they had the wrong silver content. This means that the coins did not contain the correct amount of silver as required by the government. This could have been due to errors or intentional tampering during the minting process. As a result, these coins did not meet the legal standards set by the government and were considered illegal.
2.
Which of the following countries does not use the rupee as its monetary unit?
Correct Answer
C. Bangladesh
Explanation
Bangladesh does not use the rupee as its monetary unit. The correct answer is Bangladesh because the country's official currency is the Bangladeshi taka, not the rupee. India, Pakistan, and Mauritius all use the rupee as their monetary unit.
3.
Which of the following countries does not use the peso as its monetary unit?
Correct Answer
B. Venezuela
Explanation
Venezuela does not use the peso as its monetary unit. The correct answer is Venezuela.
4.
Which country has the ngultrum as their currency?
Correct Answer
C. Bhutan
Explanation
The correct answer is Bhutan. Bhutan is the country that has the ngultrum as their currency. The ngultrum is the official currency of Bhutan and is subdivided into 100 chhertum. It has been the currency of Bhutan since 1974, replacing the Indian rupee. The ngultrum is issued by the Royal Monetary Authority of Bhutan and is used for all transactions within the country.
5.
What was the last year of Susan B. Anthony dollar?
Correct Answer
D. 1999
Explanation
The last year of the Susan B. Anthony dollar was 1999. This coin was first minted in 1979 as a tribute to the women's suffrage movement and Susan B. Anthony's role in it. However, due to its similarity in size and appearance to the quarter coin, it was not widely accepted and used in daily transactions. As a result, production of the coin was discontinued after 1999.
6.
Which animal appeared on the reverse of the 1967 Canadian 5 cent piece?
Correct Answer
B. Rabbit
Explanation
The correct answer is Rabbit. The 1967 Canadian 5 cent piece featured a rabbit on its reverse side. This design was part of a special commemorative series of coins issued in celebration of Canada's centennial year. The rabbit design was chosen to represent the wildlife diversity found in Canada.
7.
Who was the only king to appear on Canadian $5 and $10 gold pieces?
Correct Answer
C. George V
Explanation
George V is the correct answer because he was the only king to appear on Canadian $5 and $10 gold pieces. William IV, Edward VII, and George VI did not appear on these gold pieces.
8.
What reference book is considered the leading authority on world coins?
Correct Answer
A. Krause
Explanation
Krause is considered the leading authority on world coins. This reference book is widely recognized and trusted by collectors and numismatists for its comprehensive information and accurate pricing of coins from around the world. It provides detailed descriptions, historical background, and photographs of coins, making it an essential resource for anyone interested in collecting or studying world coins.
9.
Coins that say UNITED STATES OF AMERICA on one side and ONE PESO on the other were used where?
Correct Answer
C. pHilippines
Explanation
Coins that say "UNITED STATES OF AMERICA" on one side and "ONE PESO" on the other were used in the Philippines. This suggests that the Philippines was once under the control or influence of the United States, as evidenced by the use of American currency.
10.
Excluding commemoratives, how many different types of half dollars were there in the twentieth century?
Correct Answer
B. 4
Explanation
In the twentieth century, there were four different types of half dollars excluding commemoratives. This means that there were four distinct designs or variations of the half dollar coin during that time period.
11.
What was the primary silver coin used in ancient Rome?
Correct Answer
C. Denarius
Explanation
The primary silver coin used in ancient Rome was the Denarius. It was introduced in 211 BC and remained in circulation until the late Roman Empire. The Denarius was widely used for trade and was the standard currency for daily transactions. It had a consistent silver content and was valued at 10 Asses. The Denarius played a crucial role in the Roman economy and was an important symbol of Roman power and wealth.
12.
Which of the following statehood quarters does not have an outline of the shape of the state incorporated into the design?
Correct Answer
A. North Carolina
Explanation
North Carolina is the correct answer because its statehood quarter does not have an outline of the shape of the state incorporated into the design. The statehood quarter for South Carolina features an outline of the state, as does the quarter for Georgia. Pennsylvania's statehood quarter also includes an outline of the state.
13.
How many dates are on the Virginia state quarter?
Correct Answer
D. 4
Explanation
The Virginia state quarter features a depiction of the state's seal, which includes a figure holding a spear and a sheaf of grain. Surrounding the seal are the words "Virginia," "1788," and "2000." The number of dates on the quarter is determined by the number of years mentioned. In this case, there are three dates mentioned - 1788, 2000, and the year the quarter was minted. However, since the question asks for the number of dates, the correct answer is 4 because it includes the year the quarter was minted.
14.
Where did the word Thaler, meaning a silver coin, come from?
Correct Answer
A. Joachimsthal, Bohemia
Explanation
The word Thaler, meaning a silver coin, originated from Joachimsthal, Bohemia. This is because the word "Thaler" is derived from the name of the town Joachimsthal, where the first Thaler coins were minted in the 16th century. These coins gained popularity and were widely used across Europe, eventually becoming the basis for many other currencies, including the dollar.
15.
In what year did proof sets of coins go to the hard plastic case instead of the cellophane flat pack?
Correct Answer
C. 1968
Explanation
In 1968, proof sets of coins started being packaged in hard plastic cases instead of the cellophane flat pack.