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 Replies: 8 / Views: 1,325 |
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Valued Member
France
285 Posts |
I have this coin but I don't know exactly if it's coin or medal because there is no facial value. What is mintage ?   Thanks ! |
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Valued Member
United States
270 Posts |
That is a very common privately issued medal, better known as a "silver round", basically a silver bullion piece. The design is based on the old American five cent coin, or the " Buffalo nickel" as is commonly spoken of. The mintage is irrelevant, since they can be struck in perpetuity. The exchange value of the medal is roughly equal to the value of one ounce of silver, which fluctuates. |
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Bedrock of the Community
United States
12437 Posts |
Edix summed it up pretty well but I would like to add a couple of things since I noticed that you are from France. It is similarly patterned after a US five cent Buffalo nickel 1913-1938. The main difference other than the silver content and size is the exclusion of mottos that must be present for legal tender status (In God We Trust, E Pluribus Unum, denomination, etc.). |
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Bedrock of the Community
United States
14454 Posts |
quote:
I don't know exactly if it's coin or medal because there is no facial value
that right there is exactly what differs from a coin and a medal/round. To be a coin it has got to have a face value, that is why the silver eagle is a coin instead of a silver round. They are never meant to be spent for face value just like that silver round you have and they are supposed to exchange along with silver prices just like that silver round you have but just because the US Mint put a face value of $1.00 on it, it makes it a coin and not a silver round.I hope this didn't confuse you but if it did just say so and I will try to explain better |
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Valued Member
 France
285 Posts |
thank you for all of you. I see the difference now.
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Valued Member
United States
204 Posts |
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Bedrock of the Community
United States
17884 Posts |
quote:
To be a coin it has got to have a face value,
True, but just because they have a "face value" it does NOT follow that this value has to appear on the coin itself. Many countries, the US included, have issued coins that did not have the value located anywhere on the coin. People were just expected to know the value based on the metal and the size of the coin. |
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Valued Member
France
285 Posts |
thank you for all these precise details
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Valued Member
United States
287 Posts |
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Replies: 8 / Views: 1,325 |
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Posted 05/30/2007 11:35 am
