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A token or a coin?
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<p>[QUOTE="johnmilton, post: 4550682, member: 101855"]Token.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>A token is usually a private issue that might take the place of a coin.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 4550682, member: 101855"]Token. 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.[/QUOTE]
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