Are Coins Legal Tender?

April 30, 2023

Are Coins Legal Tender?

Coins are typically made from metal, such as gold, silver, copper, or nickel, and can be exchanged for goods and services. In most cases, coins will carry a face value or denomination which represents their value in everyday transactions. There are particular coins, like the Gold Krugerrand the Silver Libertad, which are considered legal tender and are issued by a sovereign government, but lack a specific face value or denomination.

Bullion Resource Center

June 29, 2022

History of the Nickel

The five-cent coin was created in 1866 to meet the growing need for circulating coinage in the aftermath of widespread hoarding of silver and gold coins during the Civil War. It was not known at the time as a nickel because coins of that metal, three-cent pieces, already existed. When postwar rebuilding began, nickel was … Continued

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