Coins can be generic or collectible. Generic coins are often known as “rounds.” Collectible coins are often called “numismatic” coins, a hobbyist term based on the Latin word “numisma” for coin.
That’s a couple of questions rolled into one. First – money laundering. Yes – we must establish the identity of our customers. This is not too onerous for customers or for us. We take deposits only through the banking system direct from the customer’s bank – which should be trusted internationally (which includes just about every major Western bank). We require our users to submit scans of a photographic id (usually a passport or driving licence) and a scanned bank statement which we check to the source of funds. It’s that easy.
