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<p>[QUOTE="Circus, post: 3375911, member: 51195"]There will never be worth what some people paid for them I don't think you can get $5.00 on the marshall islands as my understanding is no one will take them.</p><p>It is a Non circulating coin.</p><p>Looks like the only auction I could find for one that actually sold was for $6. Amazon sells them for $4.99.</p><p><br /></p><p>As far as if it is legal currency, the Marshall Islands use the US Dollar as their currency. Per one reference I found, they may be redeemable at one particular place in the Marshall Islands but only up to so many coins and a certain amount per day and with a 10% fee and the original receipt. They are for collectors and not for actual usage.</p><p> that cost me in the area of .25 as it was part of a bulk buy bargain bin the whole box.</p><p>It appears you are the one duped as to values. It normally sells for $2.00 at the Local coin store before it. moves to the bargain box.</p><p>"The Marshall Islands has been a separate country from the United States since 1986. They use U.S. dollars but beginning in 1986 they commissioned private mints to make commemorative coins that could be sold at a premium to raise money. All the current Marshall Islands coinage are commemoratives that are marketed in magazines and newspapers. They are produced by the Medallic Art Co., Roger Williams Mint and the Sunshine Mint.</p><p><br /></p><p>Coin collectors generally dislike contrived issues and so there isn’t much of a market for these coins. Though they have a “face” value of $5, but you might have a hard time getting five bucks from the Marshall Islands as they are reluctant to redeem them. If you enjoy the designs, collect them for there artistic value and not as a financial investment.</p><p><br /></p><p>The $5 coins are minted on copper-nickel blanks and one or more issues have been produced each year since 1988. There are also similar $10 issues in pure silver (.3533 troy oz pure silver)."[/QUOTE]</p><p><br /></p>
[QUOTE="Circus, post: 3375911, member: 51195"]There will never be worth what some people paid for them I don't think you can get $5.00 on the marshall islands as my understanding is no one will take them. It is a Non circulating coin. Looks like the only auction I could find for one that actually sold was for $6. Amazon sells them for $4.99. As far as if it is legal currency, the Marshall Islands use the US Dollar as their currency. Per one reference I found, they may be redeemable at one particular place in the Marshall Islands but only up to so many coins and a certain amount per day and with a 10% fee and the original receipt. They are for collectors and not for actual usage. that cost me in the area of .25 as it was part of a bulk buy bargain bin the whole box. It appears you are the one duped as to values. It normally sells for $2.00 at the Local coin store before it. moves to the bargain box. "The Marshall Islands has been a separate country from the United States since 1986. They use U.S. dollars but beginning in 1986 they commissioned private mints to make commemorative coins that could be sold at a premium to raise money. All the current Marshall Islands coinage are commemoratives that are marketed in magazines and newspapers. They are produced by the Medallic Art Co., Roger Williams Mint and the Sunshine Mint. Coin collectors generally dislike contrived issues and so there isn’t much of a market for these coins. Though they have a “face” value of $5, but you might have a hard time getting five bucks from the Marshall Islands as they are reluctant to redeem them. If you enjoy the designs, collect them for there artistic value and not as a financial investment. The $5 coins are minted on copper-nickel blanks and one or more issues have been produced each year since 1988. There are also similar $10 issues in pure silver (.3533 troy oz pure silver)."[/QUOTE]
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