Tag Archives: legal tender

What are Commemorative Coins.? Basic Lesson 3

1993 $1 Royal Melbourne Show

Packaging used to house the 1993 $1 Landcare coin

 

Commemorative circulating coins are minted by the Royal Australian Mint (RAM) and have a unique design celebrating an important event or anniversary. They are therefore the non standard designs, but are still released for use as circulating currency and are legal tender.  These are the main types:

 

  1. Commemorative circulating coins minted for use as currency can be found in your loose change. These are minted for circulation and distributed the same way as standard  currency coins,  mainly through the bank system,  although some go to coin dealers who add value by putting them in special packaging to sell through retail outlets.  For example, the Landcare coin shown above.  These are type of commemorative coins that we will be discussing in this blog.  We will be offering blogs on the other types, below, in later editions.
  2. NCLT coins (non circulating legal tender coins)
  3.  Silver commemorative coins
  4. Coins minted just for the collector market

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