Discussion in 'Coin Chat' started by Murillo, Jun 5, 2020.
Not sure if it is a coin or just a token, can you help?
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A coin is a piece that is issued by a legal entity. It has an official status. It usually has the name of a country or region on it and in more recent times, a stated face value value.
The U.S. Government puts a value a face value on its gold and silver bullion coins because that gives them coin status. Without that, they would be "silver or gold rounds" which get treated differently for sales taxes in many states.
A token is usually a private issue that might take the place of a coin.
There are hundreds (even thousands) like this but the type is most commonly associated with Minneapolis. They rarely have much value but there are dozens of collectors and most of us need quite a few of them. I don't believe I have this one.
This is probably why my father in law had this coin were from MN. Thanks for the info.
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