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Word Origin and History for coinage Expand. n. late 14c., currency, money, from Old French coignage, from coignier to coin (see coin (n.)). Meaning act or proces of coining money is from early 15c.; sense deliberate formation of a new word is from 1690s, from a general sense of something invented (c.1600).
A proof coin is a coin struck using a special, high-quality minting process, and made especially for collectors. Modern proof coins often have mirror-like fields and frosted devices, although proof coins struck prior to the mid twentieth century are often distinguished only by their high quality surfaces.