Medal-coin

| Main Article
| Discussion
| Related Articles  [?]
| Bibliography  [?]
| External Links  [?]
| Citable Version  [?]

|
|
|
|
|
|
|
|

This editable Main Article is under development and subject to a disclaimer.

[edit intro]

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 usually issued as a proof coin 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 also a bullion coin.