Is this a circulation coin? [opgelost]

According to Ucoin this coin is only available in proof quality. I don't have any confirmation that this is true, but if so is this really a circulation coin?

If it is only proof it wouldn't be a circulation coin.

But the central bank claims the coin is being released into circulation:

https://www.centralbankbahamas.com/news/press-releases/press-release-launch-of-series-2024-twenty-five-cent-circulation-coin-commemorating-the-50th-anniversary-of-the-central-bank-of-the-bahamas

Press Release: Launch of Series 2024 Twenty-five Cent Circulation Coin Commemorating the 50th Anniversary of the Central Bank of The Bahamas

 

In commemoration of its 50th Anniversary, the Central Bank of The Bahamas will release into circulation a painted version …

This is the first ever double side colourised circulation coin.

MMowiec

This is the first ever double side colourised circulation coin.

Yes…  not very cheap though on ebay 

MMowiec

This is the first ever double side colourised circulation coin.

N#196263 is double side colourised and catalogued as commemorative circulating coin

mrcsp

MMowiec

This is the first ever double side colourised circulation coin.

N#196263 is double side colourised and catalogued as commemorative circulating coin

I searched the standard circulation and commemorative circulating coins for Uruguay since 2015. There are various base metal coins up to 10 Pesos with mintages in the millions, and some silver coins with mintages in the thousands with denomination of 1000 and 2000 Pesos.

The Uruguayan government might have classified the silver coins as circulating but I don't expect any of them we ever used to make a purchase at face value.

bjherbison

mrcsp

MMowiec

This is the first ever double side colourised circulation coin.

N#196263 is double side colourised and catalogued as commemorative circulating coin

I searched the standard circulation and commemorative circulating coins for Uruguay since 2015. There are various base metal coins up to 10 Pesos with mintages in the millions, and some silver coins with mintages in the thousands with denomination of 1000 and 2000 Pesos.

 

The Uruguayan government might have classified the silver coins as circulating but I don't expect any of them we ever used to make a purchase at face value.

They are classified as circulating but I personally have refrained from collecting them   and am treating them as NCLTs.

shamikb

bjherbison

mrcsp

MMowiec

This is the first ever double side colourised circulation coin.

N#196263 is double side colourised and catalogued as commemorative circulating coin

I searched the standard circulation and commemorative circulating coins for Uruguay since 2015. There are various base metal coins up to 10 Pesos with mintages in the millions, and some silver coins with mintages in the thousands with denomination of 1000 and 2000 Pesos.

 

The Uruguayan government might have classified the silver coins as circulating but I don't expect any of them we ever used to make a purchase at face value.

They are classified as circulating but I personally have refrained from collecting them   and am treating them as NCLTs.

That's what I do. I collect Uruguayan coins but I don't have those in my collection nor wishlist.

I can recall discussions about Portuguese circulating silver coins in face value of 5 or 7.5 euros, a similar situation to that Uruguayan one.

mrcsp

shamikb

bjherbison

mrcsp

MMowiec

This is the first ever double side colourised circulation coin.

N#196263 is double side colourised and catalogued as commemorative circulating coin

I searched the standard circulation and commemorative circulating coins for Uruguay since 2015. There are various base metal coins up to 10 Pesos with mintages in the millions, and some silver coins with mintages in the thousands with denomination of 1000 and 2000 Pesos.

 

The Uruguayan government might have classified the silver coins as circulating but I don't expect any of them we ever used to make a purchase at face value.

They are classified as circulating but I personally have refrained from collecting them   and am treating them as NCLTs.

That's what I do. I collect Uruguayan coins but I don't have those in my collection nor wishlist.

 

I can recall discussions about Portuguese circulating silver coins in face value of 5 or 7.5 euros, a similar situation to that Uruguayan one.

Were the Spanish 2000 pesetas and French 100 francs really circulating?

shamikb

mrcsp

shamikb

bjherbison

mrcsp

MMowiec

This is the first ever double side colourised circulation coin.

N#196263 is double side colourised and catalogued as commemorative circulating coin

I searched the standard circulation and commemorative circulating coins for Uruguay since 2015. There are various base metal coins up to 10 Pesos with mintages in the millions, and some silver coins with mintages in the thousands with denomination of 1000 and 2000 Pesos.

 

The Uruguayan government might have classified the silver coins as circulating but I don't expect any of them we ever used to make a purchase at face value.

They are classified as circulating but I personally have refrained from collecting them   and am treating them as NCLTs.

That's what I do. I collect Uruguayan coins but I don't have those in my collection nor wishlist.

 

I can recall discussions about Portuguese circulating silver coins in face value of 5 or 7.5 euros, a similar situation to that Uruguayan one.

Were the Spanish 2000 pesetas and French 100 francs really circulating?

So what?

bjherbison

mrcsp

MMowiec

This is the first ever double side colourised circulation coin.

N#196263 is double side colourised and catalogued as commemorative circulating coin

I searched the standard circulation and commemorative circulating coins for Uruguay since 2015. There are various base metal coins up to 10 Pesos with mintages in the millions, and some silver coins with mintages in the thousands with denomination of 1000 and 2000 Pesos.

 

The Uruguayan government might have classified the silver coins as circulating but I don't expect any of them we ever used to make a purchase at face value.

Good afternoon, everyone. 

I just want to know your views about whether Aruba's 5 florins and the Netherlands Antilles' 5 gulden are circulating. I'm trying to prepare my collection of colorised circulation and commemorative circulating coins, and I'm not sure if they should be included.

Thanks a lot.

The Uruguayan coin is another example of why I would like to see Numista differentiate between what is deemed “circulating” by a particular source (even if it is the government of said entity!) and what is actually a “circulating coin”.

I mean seriously? 1500 minted and they go for $45 (apparently) each. And are silver. Clearly NCLT

I am not sure what the answer is. Perhaps a searchable box that says a coin is “used to buy every day essentials” or perhaps more accurately a box that says “Called Circulating (but clearly not)”, to make it clear it is genuinely circulating as opposed to satisfying someone's other agenda. Same for the bullion coins that certain governments state are circulating.

As this site is run for collectors and not political entities can we not do what is true in real life, rather than play along with their games?

As a collector of circulating coins it also makes it difficult to search accurately on the site unfortunately.

While I agree with your sentiment and ignore these kinds of coins for my personal collection, I think it would be hard to create a definition that is more objective than subjective for this purpose.

GJZZ

According to Ucoin this coin is only available in proof quality. I don't have any confirmation that this is true, but if so is this really a circulation coin?

I was in Bimini in May and received one in change from a local grocery, so I believe they were put in circulation. Glad to have it too.

quick silver

The Uruguayan coin is another example of why I would like to see Numista differentiate between what is deemed “circulating” by a particular source (even if it is the government of said entity!) and what is actually a “circulating coin”.

 

I mean seriously? 1500 minted and they go for $45 (apparently) each. And are silver. Clearly NCLT

 

I am not sure what the answer is. Perhaps a searchable box that says a coin is “used to buy every day essentials” or perhaps more accurately a box that says “Called Circulating (but clearly not)”, to make it clear it is genuinely circulating as opposed to satisfying someone's other agenda. Same for the bullion coins that certain governments state are circulating.

 

As this site is run for collectors and not political entities can we not do what is true in real life, rather than play along with their games?

 

As a collector of circulating coins it also makes it difficult to search accurately on the site unfortunately.

I will give you a reverse example:

N#75972 

There was minted 10 million coins, and same as all Uruguayan coins it was issued as circulating (our government reasoning is: “if is not valid as coin, then it is not a coin”). So far, as information from Central Bank of Uruguay people, there was over 5 millions put into circulation (currently anyone can ask at the bank for these coins, and they just exchange them for the face value. The circulating commemorative coins are put into circulation gradually by bank, and they keep an important stock after commemorative coins are demonetized, for numismatic purposes.

Now, from a couple years ago, there was a gossip that it was a very valuable coin (known as “three face coin”; with publications on selling sites eBay, MercadoLibre, etc. for selling values of 50 US Dollars (currently face value of this coin is equal to USD 0.25). 

Of course, if you can have the coin, uncirculated for its face value, that is the “commercial” value of them ( a bit higher outside the country, as someone have to get them there) Numista value for UNC is currently USD 2.56. But you don't find a single coin into circulation. I had a store up to few time ago, and in 5 years I received only 3 coins in small change.

As for your definition, this would make it a “NCLT”, correct?

adanieluy

Of course, if you can have the coin, uncirculated for its face value, that is the “commercial” value of them ( a bit higher outside the country, as someone have to get them there) Numista value for UNC is currently USD 2.56. But you don't find a single coin into circulation. I had a store up to few time ago, and in 5 years I received only 3 coins in small change.

 

As for your definition, this would make it a “NCLT”, correct?

You won't find any of these in circulation either: 

N#405095 

But it's still considered standard a circulation coin.

Any coin that was ever released into general circulation in quantity (not just as a gimmick) is considered a circulation coin forever.

adanieluy

quick silver

The Uruguayan coin is another example of why I would like to see Numista differentiate between what is deemed “circulating” by a particular source (even if it is the government of said entity!) and what is actually a “circulating coin”.

 

I mean seriously? 1500 minted and they go for $45 (apparently) each. And are silver. Clearly NCLT

 

I am not sure what the answer is. Perhaps a searchable box that says a coin is “used to buy every day essentials” or perhaps more accurately a box that says “Called Circulating (but clearly not)”, to make it clear it is genuinely circulating as opposed to satisfying someone's other agenda. Same for the bullion coins that certain governments state are circulating.

 

As this site is run for collectors and not political entities can we not do what is true in real life, rather than play along with their games?

 

As a collector of circulating coins it also makes it difficult to search accurately on the site unfortunately.

I will give you a reverse example:

 

N#75972 

 

There was minted 10 million coins, and same as all Uruguayan coins it was issued as circulating (our government reasoning is: “if is not valid as coin, then it is not a coin”). So far, as information from Central Bank of Uruguay people, there was over 5 millions put into circulation (currently anyone can ask at the bank for these coins, and they just exchange them for the face value. The circulating commemorative coins are put into circulation gradually by bank, and they keep an important stock after commemorative coins are demonetized, for numismatic purposes.

 

Now, from a couple years ago, there was a gossip that it was a very valuable coin (known as “three face coin”; with publications on selling sites eBay, MercadoLibre, etc. for selling values of 50 US Dollars (currently face value of this coin is equal to USD 0.25). 

 

Of course, if you can have the coin, uncirculated for its face value, that is the “commercial” value of them ( a bit higher outside the country, as someone have to get them there) Numista value for UNC is currently USD 2.56. But you don't find a single coin into circulation. I had a store up to few time ago, and in 5 years I received only 3 coins in small change.

 

As for your definition, this would make it a “NCLT”, correct?

No, since there are millions of them minted. There were only 1500 of the coin I mentioned.

quick silver

adanieluy

quick silver

The Uruguayan coin is another example of why I would like to see Numista differentiate between what is deemed “circulating” by a particular source (even if it is the government of said entity!) and what is actually a “circulating coin”.

 

I mean seriously? 1500 minted and they go for $45 (apparently) each. And are silver. Clearly NCLT

 

I am not sure what the answer is. Perhaps a searchable box that says a coin is “used to buy every day essentials” or perhaps more accurately a box that says “Called Circulating (but clearly not)”, to make it clear it is genuinely circulating as opposed to satisfying someone's other agenda. Same for the bullion coins that certain governments state are circulating.

 

As this site is run for collectors and not political entities can we not do what is true in real life, rather than play along with their games?

 

As a collector of circulating coins it also makes it difficult to search accurately on the site unfortunately.

I will give you a reverse example:

 

N#75972 

 

There was minted 10 million coins, and same as all Uruguayan coins it was issued as circulating (our government reasoning is: “if is not valid as coin, then it is not a coin”). So far, as information from Central Bank of Uruguay people, there was over 5 millions put into circulation (currently anyone can ask at the bank for these coins, and they just exchange them for the face value. The circulating commemorative coins are put into circulation gradually by bank, and they keep an important stock after commemorative coins are demonetized, for numismatic purposes.

 

Now, from a couple years ago, there was a gossip that it was a very valuable coin (known as “three face coin”; with publications on selling sites eBay, MercadoLibre, etc. for selling values of 50 US Dollars (currently face value of this coin is equal to USD 0.25). 

 

Of course, if you can have the coin, uncirculated for its face value, that is the “commercial” value of them ( a bit higher outside the country, as someone have to get them there) Numista value for UNC is currently USD 2.56. But you don't find a single coin into circulation. I had a store up to few time ago, and in 5 years I received only 3 coins in small change.

 

As for your definition, this would make it a “NCLT”, correct?

No, since there are millions of them minted. There were only 1500 of the coin I mentioned.

Then it's so easy! You set a break-point up to how many must be minted to be non circulating, and if are minted more, then they are circulating. No more need to take into account the face value nor the population of the country that issued the coin. 

Let's see some figures:

- labelled as non circulating, but way over 1500:

N#56328 14 000 coins

N#46264 14 000 coins

still too few?

N#46264 70 000 coins

They should be considered circulating?

- labelled as circulating commemorative, but low mintage:

N#23255 500 000 coins (I am old guy, and still remember to have paid with them),

N#14536 300 000 coins (I also used them to pay purchases)

They should be considered non circulating?

-labelled as standard circulating, but very low mintage:

N#9526 700 000 coins in 2 issues

N#118405 120 000 coins in 2 issues

N#24563 45 000 coins in 5 issues

N#118405 9 000 coins in 5 issues

N#32254 7 600 coins in 2 issues

They should be considered non circulating?

Which is the limit?