Quote:
from Littleton sales spiel:
Each is produced by the Jamul Tribe - recognized as a sovereign nation by the U.S. government and legally authorized to issue its own commemorative coins.
I'm no expert in Native American law, but I'm pretty sure the answer here is, "No, they are not.". The only organization permitted and authorized to issue "coins" within US territory is Congress. At least, the only people I can see claiming that such "coins" are legal are the people like Littleton who are selling them.
At best, these are "tokens". At worst, they are "unofficial coins", issued in the name of a pseudo-country that had no recognized authority to issue "coins".
As for their collector potential, well, coin collectors are a fairly conservative bunch as a whole. To truly qualify as a "coin", a coin-like object needs to be struck under authority of a recognized government or by an organization that has been granted authority to issue such coinage by the constitution or other legislation passed by the government of that country. For example,
US coins are authorized by Congress as per the US Constitution and 31 U.S. Code § 5112.
"Coins" that are not truly "coins" by this definition, are generally not wanted by coin collectors to anywhere near the same degree. Yes, you will find some people who actively collect such things. But the number of such collectors is generally much smaller than the actual number of pseudo-coins being made and sold. Thus, supply and demand dictates a low value (high supply, low demand).
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Posted 02/20/2022 3:02 pm
to the Community!
