Non-Circulating Commemoratives?

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thegamesbond
Joined: 10 Şub 2023
Posts: 499
Posted: 7 Kas 2024, 15:01 #
Posted: #

Why Indian base metal coins are under NCC? Shouldn't only silver and gold coins be NCC?

rsirian1
Joined: 20 Kas 2020
Posts: 12943
Posted: 7 Kas 2024, 15:32 #
Posted: #

The majority are made from precious metal composition (84%) but composition is not a requirement.  A good example:  N#83828

thegamesbond
Joined: 10 Şub 2023
Posts: 499
Posted: 7 Kas 2024, 16:32 #
Posted: #

Then what determines a NCC coin?

rsirian1
Joined: 20 Kas 2020
Posts: 12943
Posted: 7 Kas 2024, 16:50 #
Posted: #

Definition does.  Coins issued by a government with collection or investment purpose, including non-circulating legal tender coins (NCLT). They were not intended for circulation. The coins are denominated in a currency which has some circulating coins or banknotes.

 

I do take issue with some of the so-called NCCs.  See my post here:  https://en.numista.com/forum/topic146084.html

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