NCLT

NCLT
* Non-Circulating Legal Tender (Miscellaneous » Coins)

Abbreviations dictionary. 2012.

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  • Non-circulating legal tender — (NCLT) is a coin like object that cannot be used or is not used for payments, so they are not money. They are minted for sale to collectors only. They are also called pseudo coin or medal coin. Advanced collectors typically try to avoid buying… …   Wikipedia

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  • Legal tender — This article is about the payment medium. For the song, see Legal Tender (song). Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation.[1] Paper currency is a common form …   Wikipedia

  • Commemorative coin — Commemorative coins are coins that were issued to commemorate some particular event or issue. Most world commemorative coins were issued from the 1960s onward, although there are numerous examples of commemorative coins of earlier date. Such… …   Wikipedia

  • Medal-coin — A medal coin or non circulating legal tender (NCLT) coin is regarded as legal tender, but it does not circulate for the following reasons:* The intrinsic value exceeds the denominational value. * The currency unit is not in common use. * The coin …   Wikipedia

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