Significance of Non-circulating Commemoratives
Coin collectors are often divided on the relative merits of non circulating legal tender. Many countries issue large quantities of non circulating legal tender purely as a profit making exercise. The events that these coins commemorate are often chosen based on a perceived market, rather than events of significance to the country. Detractors comment that circulating coins are intended to showcase the culture of the country which issues them, and therefore have historical interest. Proponents will point out that non circulating coins are often used to showcase the art form and technology of minting. Technology developed for non circulating coins has moved to circulation issues - coloured coins were first issued as non circulating legal tender, but Canada has recently issued coloured commemorative coins into (albeit limited) circulation.
Read more about this topic: Commemorative Coin
Famous quotes containing the words significance of and/or significance:
“To grasp the full significance of life is the actor’s duty, to interpret it is his problem, and to express it his dedication.”
—Marlon Brando (b. 1924)
“The hypothesis I wish to advance is that ... the language of morality is in ... grave disorder.... What we possess, if this is true, are the fragments of a conceptual scheme, parts of which now lack those contexts from which their significance derived. We possess indeed simulacra of morality, we continue to use many of the key expressions. But we have—very largely if not entirely—lost our comprehension, both theoretical and practical, of morality.”
—Alasdair Chalmers MacIntyre (b. 1929)