Would you call this a "coin"

[Z00]

9170523-01_4.jpg (13.38 KiB) Viewed 657 times

http://www.americanmint.com/collectibles-and-coins-themes/american-history/1875-100-declaration-of-independence-commemorative-color-coin-9170523.html

This is listed on the American Mint site as a coin. It seems to me that it is more likely to be called a medallion. Especially since it is a huge 50mm.

I have a few of them that I picked up. And NO I did not pay 89.00 each for them.
LOL

Thinking of trying FeeBay with them.

[henrysmedford]

I would say to be a coin it would have to be monetized.

From Wikipeda --

Monetization is the process of converting or establishing something into legal tender. It usually refers to the coining of currency or the printing of banknotes by central banks. Things such as gold, diamonds and emeralds generally do have intrinsic value based on their rarity or quality and thus provide a premium not associated with fiat currency unless that currency is "promissory": That is the currency promises to deliver a given amount of a recognized commodity of a universally (globally) agreed to rarity and value, providing the currency with the foundation of legitimacy or value. Though rarely the case with paper currency, even intrinsically relatively worthless items or commodities can be made into money, so long as they are difficult to make or acquire. Monetization may also refer to exchanging securities for currency, selling a possession, charging for something that used to be free or making money on goods or services that were previously unprofitable.

And coin From Wikipeda --

Coins are usually alloy metal or a metallic material and sometimes made of synthetic materials, usually in the shape of a disc, and most often issued by a government. Coins are used as a form of money in transactions of various kinds, from the everyday circulation coins to the storage of large numbers of bullion coins. Presently, coins and banknotes make up currency, the cash forms of all modern money systems. Coins made for paying bills and general monetized use are usually used for lower-valued units, and banknotes for the higher values; also, in many money systems, the highest value coin made for circulation is worth less than the lowest-value note. In the last hundred years, the face value of circulation coins has usually been higher than the gross value of the metal used in making them; exceptions occurring when inflation causes the metal value to surpass the face value, causing the minting authority to change the composition and the old coins to begin to disappear from circulation (see Gresham's Law.) However, this has generally not been the case throughout the rest of history for circulation coins made of precious metals.

Exceptions to the rule of coin face-value being higher than content value also occur for some bullion coins made of silver or gold (and, rarely, other metals, such as platinum or palladium), intended for collectors or investors in precious metals. Examples of modern gold collector/investor coins include the American Gold Eagle minted by the United States, the Canadian Gold Maple Leaf minted by Canada, and the Krugerrand, minted by South Africa. The American Gold Eagle has a face value of US$50, and the Canadian Gold Maple Leaf coins also have nominal (purely symbolic) face values (e.g., C$50 for 1 oz.); but the Krugerrand does not.

And--

The largest coin ever minted by the US Mint was a gold "Half Union" pattern in 1877, weighing 83.45 grams, and 51.1 mm in diameter. The largest coin actually issued by the mint was the Panama-Pacific Exposition $50 gold commemorative, at 83.572 grams and 44 mm. An octagonal version of the coin was slightly larger, measuring 45 mm at its widest point.

[scyther]

I wish that wasn't just a pattern coin! It would be awesome if those things were actually used.

[ihavecoins]

Norfed dollars? They HAD a monitary value on them but they were not coins.