Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Please help, is this a real coin??
>
Reply to Thread
Message:
<p>[QUOTE="dougsmit, post: 820030, member: 19463"]A fair and honest question: What is a 'real coin'? In Liberian dollars, 10LRD equals about 14 US cents but striking costs for some of these items guarantees that their only purpose was sale to collectors/tourists (or can you even buy them in Liberia?). If a country licenses production of things called coins that never have or will circulate in any form, are they actually coins? This is a trick question. Consider US mint items that similarly lack a circulating form. There was a time when we complained that the mint was charging us $2.10 for $.91 worth of proof coins but at least they were coins and could be spent for $.91 if times got rough and the protective packaging was worth something. I'll accept proofs at an advance over face as 'real' but when we started selling designs only for collectors at an advance many times over 'face' (even if technically you could spend them in the mint gift shop) we have to allow the question: What is a 'real coin'?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 820030, member: 19463"]A fair and honest question: What is a 'real coin'? In Liberian dollars, 10LRD equals about 14 US cents but striking costs for some of these items guarantees that their only purpose was sale to collectors/tourists (or can you even buy them in Liberia?). If a country licenses production of things called coins that never have or will circulate in any form, are they actually coins? This is a trick question. Consider US mint items that similarly lack a circulating form. There was a time when we complained that the mint was charging us $2.10 for $.91 worth of proof coins but at least they were coins and could be spent for $.91 if times got rough and the protective packaging was worth something. I'll accept proofs at an advance over face as 'real' but when we started selling designs only for collectors at an advance many times over 'face' (even if technically you could spend them in the mint gift shop) we have to allow the question: What is a 'real coin'?[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Please help, is this a real coin??
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...