What is COIN? Definition of COIN in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
v. To fashion pieces of metal into a pre- scribed shape, weight, and degree of fineness, and stamp them with prescribed devices, by authority of government, in order that they may circulate as money, Legal Tender Cases, 12 Wall. 484, 20 L. Ed. 287; Thayer v. Hedges, 22 Ind. 301; Hague v. Powers, 39 Barb. (N.Y.) 466, or to invent words or phrases.
n. Pieces of gold, silver, or other metal, fashioned into a prescribed shape, weight, and degree of fineness, and stamped, by authority of government, with certain marks and devices, and put into circulation as money at a fixed value, Corn. v. Gallagher, 16 Gray, Mass., 24p; Latham v. U. S., 1 Ct.C1. 150; Borie v. Trott, 5 Phila., Pa., 403, or any metal disc, State v. Kelleher, 127 A. 503, 504, 2 W.W.Harr., Del., 559.
Strictly speaking, coin differs from money, as the species differs from the genus. Money is any matter, whether metal, paper, beads, shells, etc., which has currency as a medium in commerce. Coin is a particular species, always made of metal, and struck according to a certain process called "coinage." Wharton.
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