What does the cryptic crossword clue "Coin, rare, placed in the middle (7)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Coin, rare, placed in the middle (7)

Telegraph Prize Cryptic #3122 | 25 Across | 2021-08-22 flower

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