Cryptocurrency Q&A
Why do people counterstamp coins?
Why do people counterstamp coins?
Eleonora
Thu Oct 24 2024
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answers
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I've noticed that some coins have additional stamps or markings on them, known as counterstamps. I'm curious about the reason behind this practice. Why do people counterstamp coins? Is it for historical significance, authentication purposes, or some other reason?
6 answers
BlockchainBrawler
Fri Oct 25 2024
Businesses also counterstamp their names on coins to promote their brand.
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HanjiArtist
Fri Oct 25 2024
Counterstamping can alter the value of a coin.
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Tommaso
Fri Oct 25 2024
Political slogans are another example of advertising through counterstamping.
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CryptoMercenary
Fri Oct 25 2024
It can also indicate a geographical area where the newly stamped piece may be circulated.
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SolitudeSerenade
Fri Oct 25 2024
However, the most common use of counterstamping is for advertising purposes.
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