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TeachMeFinance.com - explain Split coin historic definition... Split coin -- A term applied to a coin (generally a gold coin) which has been cut in two in a way that permits a portion of the metal to be removed from the interior and replaced with a base metal, after which the two parts of the coin are joined and the coin is put into circulation again. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.