Ok, so it's probably been discussed before. But are the bullion coins produced by the US Mint legal tender? And are they legal tender for the face value listed on the coin. SO these 5oz hockey pucks are legal tender for 25c?? DC
The only stupid question is the one unasked. But ya, they are. The American Silver Eagle is worth $1, and same with gold (except whatever it says the face value is on the coin). So even if silver and gold melt value magically go below their face value, you still have something. Have no idea on the 25 cent hockey one though...don't have a redbook around so IDK if it's from the US mint.. got a picture? stainless
I wish I was rich and could take one of those hockey puck quarters and spend it and argue with the teenager at taco bell that it is a real quarter......lol. I know, it would be an expensive burrito, but IF I was really, really rich and it wouldn't matter, that would be fun.
wait wait....a 5 OUNCE? Are you guys sure it's five ounces? Just lettin' ya know that's equivalent to holding 5 silver dollars...and it's only worth 25 cents face. I'mm google these. stainless
Are you sure about that? I would think it would be classified as collectible bullion rather than legal tender. Chris
From the Mint web page: "These coins are legal tender and have a nominal face value of 25 cents. Their fineness and weight are edge-incused on the coins." Hot Springs
Yes, I believe the new hockey pucks are legal tender for $.25. Btw, this feature is what makes them coins, the fact they are legal tender. Anything not legal tender somewhere are technically not coins, but medals. This is why so many goofy coins from Palau or Marshall Islands are around, not because they are used there, but because to be a coin, SOME country has to have them legal tender, or else they are medals. For some reason many coin collectors just refuse to collect medals, wanting only coins. So the telemarkets get some small country to put their name on their wares to better sell them. Chris
Yes, it's true! 5 oz Silver National Parks Quarters, commonly called ATB's, have a face value of $0.25. 1 oz Silver Eagles have a face value of one dollar. 1/10 oz Gold Eagles are $5. 1/4 oz GE are $10, 1/2 oz GE are $25 and 1 oz GE are $50. All of these coins have a melt value well above their face value. Believe it or not!
Yep......just got my 3 inch, 3 oz of .999 fine silver quarter last night. It has a face value of 25 cents. Like I said, I would just love to spend one. Imagine the news it would make. I'd have to be Bill Gates rich to do it, but it would be fun.
These issues are often referred to as "NCLT" (Non-circulating Legal Tender). Other countries (Liberia is an example) have *many* NCLT coins, minted and marketed to collectors, but technically legal tender.
Yes, they are legal tender, even the 5 oz. ATB's, $50 gold pieces, ASE dollars, etc. The stamped value ensures they don't circulate. Lance.
