An uncirculated coin, also referred to as a numismatic or collector coin, is a coin that has never been used in circulation and therefore shows no, or very few signs of wear. These coins are intended for coin collectors and the souvenir/gift market rather than for the payment of goods or services. They are produced in a range of precious and base metals.
Uncirculated coins are legal tender in some countries, like Australia, and may be redeemed for their face value at banks and approved deposit-taking institutions. However, legislation does not place a legal obligation on banks, approved deposit-taking institutions, or the Mints to redeem coins.
Uncirculated coins are sold at a premium to their face value to cover the cost of materials, production, distribution, and sale of the coins and to provide the Mints with a profit on their activities.
As legal tender, uncirculated coins must bear on the obverse the approved effigy of His Majesty King Charles III.
Themes for uncirculating coins are not limited to commemorating events, anniversaries, or organizations. They can also cover a range of other topics, for example, flora, fauna or marine life, major attractions or landmarks, and significant artworks. Please note that the term can often refer to coins that are in mint state condition (graded MS60+ in the Sheldon scale)
An uncirculated coin, also referred to as a numismatic or collector coin, is a coin that has never been used in circulation and therefore shows no, or very few signs of wear. These coins are intended for coin collectors and the souvenir/gift market rather than for the payment of goods or services. They are produced in a range of precious and base metals.
Uncirculated coins are legal tender in some countries, like Australia, and may be redeemed for their face value at banks and approved deposit-taking institutions. However, legislation does not place a legal obligation on banks, approved deposit-taking institutions, or the Mints to redeem coins
Uncirculated coins are sold at a premium to their face value to cover the cost of materials, production, distribution, and sale of the coins and to provide the Mints with a profit on their activities. As legal tender, uncirculated coins must bear on the obverse the approved effigy of His Majesty King Charles III.
Themes for uncirculating coins are not limited to commemorating events, anniversaries, or organizations. They can also cover a range of other topics, for example, flora, fauna or marine life, major attractions or landmarks, and significant artworks.
Please note that the term can often refer to coins that are in mint state condition (graded MS60+ in the Sheldon scale).
