Discussion in 'What's it Worth' started by Craigescape, Feb 3, 2019.
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I'm not sure about the other "coin" from the Marshall Islands. I don't even know if it is silver. We need more details.
The Marshall Islands coin is cupronickel, and probably worth less than its face value.
They are theoretically worth the Marshall Islands exchange rate and redeemable there. Some time ago, a group of Germans bought a few hundred thousand face value of them (at collector value, which is generally below exchange rate) and tried to redeem them in person. The officials there said no, the Germans sued, and now the Marshall Islands limits you to exchanging one coin per day and charges Marshall Islands $5 per coin. Basically, they are a Franklin mint collectible.
They did issue some in silver, and those are worth at least their silver content.
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