Message:

<p>[QUOTE=&quot;harrync, post: 3829600, member: 58588&quot;]I go with wikipedia here: <b>Non-circulating legal tender</b> (NCLT) refers to coins that are theoretically <a href="https://en.wikipedia.org/wiki/Legal_tender" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Legal_tender" rel="nofollow">legal tender</a> and could circulate but do not because their issue price, and/or their melt value at the time of issue is significantly above the arbitrary legal tender value placed thereon. They are sold to collectors and investors with no intention that they be used as money. Notable examples would include <a href="https://en.wikipedia.org/wiki/Commemorative_coin" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Commemorative_coin" rel="nofollow">commemoratives</a>, <a href="https://en.wikipedia.org/wiki/Proof_coinage" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Proof_coinage" rel="nofollow">proofs</a>, <a href="https://en.wikipedia.org/wiki/Bullion_coin" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Bullion_coin" rel="nofollow">bullion coins</a>, presentation sets, <a href="https://en.wikipedia.org/wiki/Pattern_coin" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Pattern_coin" rel="nofollow">patterns</a> and the like.<a href="https://en.wikipedia.org/wiki/Non-circulating_legal_tender#cite_note-1" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Non-circulating_legal_tender#cite_note-1" rel="nofollow">[1]</a> Quoting Walter Breen.&nbsp; I stress &quot;at time of issue&quot;. The &quot;Freedictionary&quot; definition does&#039;t make much sense; basically, they say any legal tender coin that doesn&#039;t circulate because it is worth more than face value is NCLT! By that definition, a 1909s-VDB 1c would be a NCLT coin.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in