Medal-coins

All you want to know about Medal-coins

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 intrinsic value exceeds the denominational value.
  • The currency unit is not in common use.
  • The coin is issued in proof only.
  • 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 a bullion piece.


Spanish pesetas This coin-related article is a stub. You can help Wikipedia by expanding it.
Retrieved from "http://en.wikipedia.org/wiki/Medal-coin"

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