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    Tuesday, July 23, 2019

    Disney Coins with Legal Tender

    What is Legal Tender for coins?

    Legal Tender is the payment medium which is recognized by the legal system which is valid for a transaction. Usually, the tender is different for every country because of the diversities in the currencies such as INR, USD, GBP and etc.

    Legal Tender for coins allows one to use coins for transactions based on the legal bindings, since there are coins in the market which are made up of precious metals like Gold and Silver but also have a face value, which means it can be used as currency even though it is literally MONEY!

    Disney + New Zealand Mint 

    In 2014, Niue an Island Country in the South Pacific Ocean gave legal tenders to commemorative coins with Disney characters on them.

    The obverse side of the coin has Disney characters on them while the reverse side features Queen Elizabeth’s head. This was a movement by Niue which would help its economy and spread awareness about the island.
    Not only does the coin have a $2 face value but it is a 1 Ounce 999 Silver Coin from the New Zealand mint, it is with the help of the New Zealand mint they are able to make this happen. 

    The silver content of the coin is more than the face value of the coin but legalizing coins with Disney characters was indeed a bold movement.

    Characters featured on these coins are Mickey Mouse, Donald Duck, Goofy, Pluto, Daisy Duck which can be bought as Mickey & his friends Silver Coins set from CoinBazaar.in and some more designs including Disney Princess Jasmine, Belle and so on.

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