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What's the scoop on the 1964 Morgans being sold on TV?
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<p>[QUOTE="Conder101, post: 3277146, member: 66"]On the COA it says 39 mm diameter. And the"clad" ones aren't clad they are plated with 71 mg of silver, that is .07 grams or .002 troy oz. That's right 2 THOUSANDTHS of an oz.</p><p><br /></p><p><br /></p><p>That's because it is a 2019 Cook Islands coin.</p><p><br /></p><p><br /></p><p>They are a very small country and really have no need for their own coins as the use New Zealand's, but the government licenses companies to strike coins in their name and collects royalties on every one sold. Their only risk comes if someone comes to the Cook Islands with a bunch and tries to spend them or redeem them at the bank. If you do you will probably find that they are legal tender, but LIMITED legal tender. Marshall Islands had that problem once and now you will find that you are limited to redeeming no more than one coin per day, and their is a redemption fee of $5 per coin. Considering the majority of Marshall Islands coins issued were $5 coins you can redeem one $5 coin per day at a cost of $5 per coin. Needless to say they don't get many people trying to redeem them.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3277146, member: 66"]On the COA it says 39 mm diameter. And the"clad" ones aren't clad they are plated with 71 mg of silver, that is .07 grams or .002 troy oz. That's right 2 THOUSANDTHS of an oz. That's because it is a 2019 Cook Islands coin. They are a very small country and really have no need for their own coins as the use New Zealand's, but the government licenses companies to strike coins in their name and collects royalties on every one sold. Their only risk comes if someone comes to the Cook Islands with a bunch and tries to spend them or redeem them at the bank. If you do you will probably find that they are legal tender, but LIMITED legal tender. Marshall Islands had that problem once and now you will find that you are limited to redeeming no more than one coin per day, and their is a redemption fee of $5 per coin. Considering the majority of Marshall Islands coins issued were $5 coins you can redeem one $5 coin per day at a cost of $5 per coin. Needless to say they don't get many people trying to redeem them.[/QUOTE]
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