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Coining is a form of precision stamping in which a workpiece is subjected to a sufficiently high stress to induce plastic flow on the surface of the material. A beneficial feature is that in some metals, the plastic flow reduces surface grain size, and work hardens the surface, while the material deeper in the part retains its toughness and Ductility. The term comes from the initial use of the process: manufacturing of coins.
Coining is a cold working process (similar to forging which takes place at elevated temperature) that uses a great deal of force to plastically deform a workpiece, so it conforms to a Die. Coining can be done using a gear driven press, a mechanical press, or more commonly, a hydraulically actuated press. Coining typically requires higher tonnage presses than stamping, because the workpiece is plastically deformed and not actually cut, as in some other forms of stamping.
Coining is used to manufacture parts for all industries and is used to produce coins, medals, badges, buttons, precision-energy springs and precision parts with small or polished surface features.