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The United States Mint has minted numerous commemorative coins to commemorate persons, places, events, and institutions since 1848. Many of these coins are not intended for general circulation, but are still legal tender. [1]
Non-circulating legal tender (NCLT) are coins which are legal tender, and thus can in theory be used to purchase goods or services, but are not intended to be used in such a manner. Rather, they are intended as collector's items with numismatic value , and are often produced in gold or silver , either in uncirculated condition or with a proof ...
Jackie Robinson: 100,000 gold coins with a face value of $5 and a surcharge of $35 per coin and 200,000 silver coins with a face value of $1 and a surcharge of $10 per coin. All commemorative coins were legal tender. [4] Each commemorative coin was designed to raise money for a cause specified in the act.
Among the latter group are commemorative coins that are legal tender but not intended for general circulation. Commemorative coins date as far back as the 1890s and were produced over the next ...
Earlier this year, the Utah state legislature passed a law making gold and silver coins legal tender. Now, a Salt Lake City-area numismatist hopes to set up a system that will allow Utahans to use ...
The government could increase the value of the gold coins (expensive) or reduce the size of all U.S. silver coins. With the reduction of 1853, a 50-cent coin now had only 48 cents of silver. This is the reason for the $5 limit of silver coins as legal tender; paying somebody $100 in the new silver coins would be giving them $96 worth of silver.
Some coins intended as NCLT have historically circulated, such as the 1893 World's Columbian Exposition Half Dollars, [2] which was a commemorative, and the 1856 Flying Eagle cent, [3] which was a pattern. Private issues are not NCLT because they are not legal tender and are properly viewed as medals.
The coin follows the design of the Indian Head nickel and has gained its nickname from the American Bison on the reverse side of the design. This was the first time the United States government minted pure (.9999) 24-karat gold coins for the public. [1] The coin contains one-troy ounce (31.1g) of pure gold and has a legal tender (face) value of ...
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