Niue- token or not?

Can someone please, tell me why is this coin/token a token and not a coin?
https://en.numista.com/catalogue/pieces58024.html
Thank You!
Regards
Kuna

It's not really a token, but we don't have a separate section for bullion so I guess tokens is the best section for it.

A coin.

The only reason not to be it is to get the proof from Niue Authorities that it's not a legal tender.

It's a token because it was issued by a third-party (ie Scottsdale Silver).

But it has denomination.
Regards
Kuna

All coins of Belorussia are issued on private mint. Yet they are still legal tender. The only proof that it is not a coin is that Niue Authorities do not accept it.

You are right, the bullion is not legal tender.

In this case we have to remove some of coins here from catalog to token

Quote: SmartOneKgYou are right, the bullion is not legal tender.

Not always. For example, a US silver eagle bullion is actually legal tender. The only non-legal tender US coin is the Trade Dollar.

So we still have the question open. To be  bullion is not enough to become a token.

Quote: cyprusalexanderSo we still have the question open. To be  bullion is not enough to become a token.

Agree. I still think it should be in coins section.

This is always a interesting debate that is never truly, fully answered. Most of the time everyone just agrees to disagree on what is a "coin".

I think that items issued by an official governing body and carries a (true or implied) denomination is a coin. The exception being token specifically issued for use in place of currency. ie. transit token, tax tokens.

For this reason I tend to think of notgeld as coins under much disagreement from most coin collectors.

The trade dollar was remonetized.