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Should the word "Coin" in an ad mean it's really a coin?
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<p>[QUOTE="GDJMSP, post: 450332, member: 112"]The problem is that most people outside of the collector community, and even a lot of those inside it, will call anything round and made of metal a coin. </p><p><br /></p><p>Now some will say that the definition of a coin is a metal disk used as money. There's a problem with that though - what about tokens ? They were genuinely used as money at various places and times. And then you have those not made of metal. This is where a lot of the confusion comes from.</p><p><br /></p><p>To me, a coin has to be iussued by a goverment entity for the purpose of conducting commerce - an item to be used as money in other words. It can be made of whatever. </p><p><br /></p><p>But then we have the problem of the Proofs, most of the commemoratives, and the bullion items. None of them are issued with the intent that they be used in commerce as money. So technically, they are not coins either. Now a lot of people have a problem with somebody saying that.</p><p><br /></p><p>So that is why you have people issuing all sorts of things and calling them coins - because nobody can settle on a definition of what a coin actually is.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 450332, member: 112"]The problem is that most people outside of the collector community, and even a lot of those inside it, will call anything round and made of metal a coin. Now some will say that the definition of a coin is a metal disk used as money. There's a problem with that though - what about tokens ? They were genuinely used as money at various places and times. And then you have those not made of metal. This is where a lot of the confusion comes from. To me, a coin has to be iussued by a goverment entity for the purpose of conducting commerce - an item to be used as money in other words. It can be made of whatever. But then we have the problem of the Proofs, most of the commemoratives, and the bullion items. None of them are issued with the intent that they be used in commerce as money. So technically, they are not coins either. Now a lot of people have a problem with somebody saying that. So that is why you have people issuing all sorts of things and calling them coins - because nobody can settle on a definition of what a coin actually is.[/QUOTE]
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Should the word "Coin" in an ad mean it's really a coin?
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