News in Brief

Turkey Reduces Size of Coins

The Turkish State Mint has reduced the size of the lira coins to offset rising minting costs, according to local reports.

The 1 lire and half lira (50 kurus) coins, both of which are bimetallic, are now a half millimetre thinner and have a different composition of copper, zinc and nickel. The weight of the 1 lira coin has been reduced from 8.2g to 6.6g, and the half lira from 6.8g to 5.5g.

The changes, the first in 14 years, are saving 30% in production costs.

New Coin Scanner for Coiniverse

Coiniverse, the mobile app platform developed by the Mint of Finland and now adopted by several mints around the world in association with the collector community, has launched an improved coin scanning feature with improved coin recognition.