Numismatic Dictionary

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There are 14 names in this directory containing the search term legal tender. Clear results.
banknote
A type of paper currency issued by a legal bank, whether by a government’s central bank or private bank with the permission of a government, that is payable to the bearer. It is intended to circulate in trade as legal tender in trade.

bullion coin
A legal tender coin that trades for the value of its metal or with only a slight premium.

contemporary counterfeit
A coin, usually base metal, made to pass for legal tender at the time of creation.

demonetized
Coins or currency that the issuing government declares that they are no longer legal tender. See also legal tender.

exonumia
The study and collection of tokens, medals, or other coin-like objects that are not considered legal tender.

hologram
An image that appears to be three-dimensional when examined under light. Holograms are used as a security device on currency and credit cards. Some mints print hologram designs on non-circulating legal tender coins.

ingot
A cast bar of precious metal typically oblong in shape. The weight, finess and the guarantor of the information are usually stamped into the ingot. Ingots are not legal tender items but worth their value in the metal which they are made.

legal tender
Coins and currency issued by a government or other official authority that can be legally used in commerce or to pay public debt.

Maundy money
Maundy money, or the Queen’s Maundy money, is a symbolic handout to poor elderly recipients who served the sovereign of England. Modern Maundy money are non-circulating legal tender silver coins that are given with a small amount of circulating money instead of gifts of clothing and food. The ceremony derives from an instruction of Jesus at the Last Supper that his followers should love one another. Traditions, such as washing of the feet (mandatum) and other gifts, have evolved to a symbolic handout of money.

Medal
A coin-like object produced to commemorate an event or person. A medal is not legal tender and has no face value struck on it.

NCLT
Non Circulating Legal Tender refers to a legal tender coin that has a face value but is not intended for circulation. See also commemorative.

Non-Circulating Legal Tender
Refers to a legal tender coin that has a face value but is not intended for circulation. See also commemorative.

Racketeer nickel
A gold-plated 1883 No "CENTS" Liberty Head five-cent coin ("V" nickel). Legend has it that a deaf-mute gold-plated these unfamiliar coins and would use them as legal tender. Sometimes, he was given change for a five-dollar gold piece since the V on the reverse could be interpreted as either five cents or five dollars! They have also been gold-plated since that time to sell to collectors.

United States Notes
First currency authorized by the Legal Tender Act of 1862 and the first notes printed by the National Currency Bureau backed by a bank’s assets.

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