Us $2 1916 Ngc

no this is not a joke these coins were legal tender in the united states and also made here. Lets play guess the grade

 

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MS-63?
too many swirls and scratches in the fields to get a 64.. maybe too much to get a 63 too

 

This is easy . . . MS-65. :hammer:

Ribbit

Ps: Since I got it first, do I get the coin?

 

What makes you think those were legal tender here? They were made here, but not legal tender here.

 

Ha maybe if they were traded for other things in Florida or people who knew the value of gold.

But they were never legal tender in the US

 

I just read up on the history of Cuba and I found it intersting that during World War II the Nazis counterfeited vast sums of U.S. currency which was sent via the Dozenberg group to Cuba and other parts of Latin America.

Does anyone know what was counterfeited? Was it only paper or was it coins too?

Ribbit

 

The Germans counterfeited significant amounts of British pounds (Operation Andrews and Operation Bernard) and they were gearing up to produce US currency but they never got beyond production of some test runs ($100 notes) as far as I know.

 

all Cuban gold from that time (since the move to the 1914 gold standard was legal tender) now there were not a lot of coins and only 2 years 1915 and 1916. Maybe GD can chime in for his 2 cents. if you guys have anything that shows these weren't legal tender i will welcome it.

 

Act of Feb 1857 removed the legal tender status in the United States from all foreign coins. Unless you can point out a later legislation that granted legal tender status to those Cuban coins I would have to say that they were not legal tender here.

 

yes act of 1857 removed status on foreign coins but these coins were not considered foreign since they were made here. in terms of the gold standard of 1914. this will give you a better idea its the cuban legislation

http://lanic.utexas.edu/la/cb/cuba/asce/cuba4/shelton.html

cuban peso was actually worth 3% more than the us dollar although i cant find the legislation for usa

 

The US mint has made coins for some 60 countries since 1875. Even though they are made here they are still considered foreign coins and are not legal tender here. Neither are the Cuban gold pesos. From your link it is apparent that Cuba made US dollars legal tender there, but we never made Cuban coins legal tender here (US dollars are legal tender in several countries but those countries coins and currency are not legal here.) Also since the peso assumed a value of 3% greater than the US dollars Greshams Law took over and for most practical purposes the Cuban coins did not circulate and commerce was conducted with US dollars.

 

nobody is saying commerce was conducted with pesos or that they circulated. you cant conduct commerce with 160000 pieces. i would argue that the since they had the same amount of gold content as 2 US$1 pieces and were worth more they would not be refused. what we need is an expert to come in and clarify this. This cannot be solved one way or the other based on what either you or I say.

 

Are you sure?

 

p.s. Conder is much more of an expert than you or I, Spock. His posts are (very) rarely inaccurate.

 

p.p.s. I would grade the coin MS 63 (maybe 64 on a good day)

 

we are not talking about the quality of the coins Leadfoot we are talking about legislation here.

 

Thats the information i have. As i said in my earlier post if someone has better information I welcome it.

 

I understood what you were saying originally, and my comment, along with all due respect, stands. Conder is correct, in my opinion -- these coins WERE NOT legal tender...Mike

 

Here's a bit of info on the topic....

http://www.answers.com/topic/coinage-act?cat=biz-fin

http://www.crookedlakereview.com/articles/101_135/119spring2001/119muhl.html