Do you consider MODERN commems to be coins?....poll
topstuf
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Like in REAL coins? Nobody ever spends any but the Washington half.
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And who spends Washington halves, anyway? Besides me, of course...
every bit as much a coin as the classic commems or an 1804 dollar.
The term coin is really a spectrum and even good-for tokens have many coin-like qualities.
Tax tokens fullfill all the definitions of a coin much better than the 1804 dollar or many of the
other classic rarities.
It really doesn't matter anyway since people don't usually choose what they want to collect
for a single reason.
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I doubt many of them were ever spent as they were gifts to the right people who happened to be at that event when they were unveiled.
There were too many of them to call a pattern, they were legal tender, they looked just like their younger cousins that were certainly circulated as coins.
I think they were coins. I think modern commems are coins too. Don't they meet the same criteria as legal tender? Am I further out in left field than usual?
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I do not consider US Silver and Gold Eagles to be coins either. Again they fail the test of being issued with the intent of circulating as money. They are what are termed on the Darkside as NCLT, Non-Circulating Legal Tender. And coins don't have to be legal tender in order to be coins. Large cents were not legal tender until 1864, and half cents weren't until 1965. But they were issued by the government with the intention that they would circulate as money, and so they were coins.
Jonesy, Many tokens are round and made of some kind of metal as well, that doesn't make them coins. (And coins don't have to be round.)The difference between a token and a coin is the issuing authority. Both are intended to circulate as money (although in the case of a token it may be intended to have a restricted circulation area) but one is issued by a governmental authority and the other by a private authority.)
non circulating legal tender
michael
<< <i>Issued by the United States Mint with a denomination on them and can be spent anywhere in the U.S. ........ I call it a coin. What else could it be? >>
That's kind of the way I saw it too, before the experts made it so clear that even a dumb 'ole Texas boy like me could see the error of my ways.
Now where is that sarcasm flag icon?
Restruck patterns........... I can't help but think that an '09 S VDB Lincoln would have to fall under that broad definition as well. Still, I'm willing to to bet I'm wrong again, somehow.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff