Medal-coin

From Citizendium
Jump to: navigation, search
This article is developing and not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
 
This editable Main Article is under development and subject to a disclaimer.

A medal-coin or non-circulating legal tender (NCLT) coin is regarded as legal tender, but it does not circulate for the following reasons:

  • The coin is sold to collectors at a premium above the face value.

The coins of Bophuthatswana were examples of medal-coins. The Krugerrand is an example of a medal-coin, even though it is also a bullion coin.