Non-Circulating Legal Tender
Also found in: Wikipedia.
Non-Circulating Legal Tender
A coin that, due to its rarity or some other reason, does not circulate. As a result, while a vendor would be required to accept it as payment (because it is
legal tender), it can actually be worth (and
sold for) much more than its
face value.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Copyright © 2003-2025 Farlex, Inc
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.