RE: 2025 U.S. Mint Morgan Dollar
You are viewing a single comment's thread:
Does it means that they were used as the legar tender when it was first minted?
Love the design, looks so beautiful for sure.
!PIMP !PIZZA
ladiesofhive
silvergoldstackers
appreciator
leofinance
proofofbrain
mycalifornia
teamusa
brofi
neoxian
silver
0
0
0.000
Legal tender is the money or money equivalent that a country or political jurisdiction legally recognizes for all financial exchanges. It is the national currency in virtually every country. Non-circulating legal tender refers to coins that are theoretically legal tender and could circulate but do not because their issue price, and/or their melt value at the time of issue is significantly above the arbitrary legal tender value placed thereon. 123
The Morgan Dollars (1878 - 1921) ARE legal tender were never removed for circulatio since their first minting until now. However they are kept out of circulation by people because they have a much much higher value than the face value of $1 engraved.
The modern Morgan Dollars (2021-2025) are also legal tender, but not intended for circulation.
Reference:
https://en.wikipedia.org/wiki/Non-circulating_legal_tender
https://en.numista.com/forum/topic151612.html
https://custommapposter.com/article/circulating-and-non-circulating-legal-tender/1781
!BBH
!LADY
!LUV
That is very interesting, because all I know that you have only the common dolar only as the legal tender.
They are legal tender, both the old and the modern ones, @ekavieka. The old Morgans was minted for circuation, the modern ones are "not intended to circulation" because the 99.9% silver is worth a lot, lot more than the $1 face value of the coin.
!LUV
!BBH
!LADY