Can You Cash In Commemorative Coins?

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Written By Natasha Jones
I'm Natasha Jones, an avid collector of coins, stamps, and paper money. My passion drives me to seek unique finds, from antique shops to international exchanges. I enjoy connecting with fellow collectors through forums and meet-ups, sharing discoveries and insights. Collecting, for me, is about preserving history and building a community around this shared interest.

I love collecting commemorative coins because they are unique and like regular coins, but sometimes I ask myself, “can you cash in commemorative coins?”

In this article, we’ll look at this question and answer if they are worth anything and can be used as legal tender!

What are Commemorative Coins?


Commemorative coins have been issued to commemorate some particular event or issue. For example, a government or private organization usually issues them to honor a special event or person.

They can be considered “special” issues within the broader category of bullion coinage. However, unlike other bullion coins, they are not intended for investors seeking gold or silver content per se as an investment but rather as collectibles.

Usually, they carry a face value equal to their minted value (or sometimes less).

Like all collectible commemorative coins, they trade at high premiums over face value, typically much lower than their precious metal content.

They are not intended for general circulation but are legal tender.

For example, the US commemorative silver dollar and gold $5 half eagle were issued to commemorate the 100th anniversary of President George Washington’s death.

Commemorative coins often have a higher face value than their precious metal content. The excess is a form of seigniorage to offset the minting costs and make them attractive to collectors.

Are Commemorative Coins Valuable?

Its value depends on several factors, including mintage, scarcity, and condition. In addition, the design and the artist who created it can also impact their worth.

Commemorative coins are not typically intended for daily use, so they are less valuable than regular currency.

However, if you find one in good condition and has a low mintage (or was produced in limited quantities), you may be holding onto something worth quite a bit of money!

Their value can also increase over time because they aren’t made anymore—and demand continues to grow due to collectors wanting them for their collections or simply out of nostalgia.

Are Commemorative Coins Legal Tenders?

Yes, they are legal tender. However, they are not considered “money” as defined by the Federal Reserve and, therefore, cannot be used for purposes related to monetary policy.

A commemorative coin is a legal tender issued by a national government as a souvenir or for numismatic purposes.

They are valuable because they are only minted in limited quantities, so they may hold their value over time better than paper currency.

Can You Cash In Commemorative Coins?


You can use them to buy stuff. They are a form of legal tender, meaning they can be used anywhere that accepts legal tender as payment.

They’re not actual currencies like dollars or pounds but are a way to pay for goods and services.

As with all forms of money, you should always check with the business where you plan on using them before making purchases because some places might not accept the type of coin you have (or if they do accept it, there may be certain conditions involved).

Before you go…

I hope this article helped you answer your questions! While it’s fun to collect commemorative coins and see what they are worth, the truth is that they are not very valuable in terms of real money. If you have any old commemorative coins lying around at home, you can try selling them online or at antique stores but don’t expect to get rich off selling them!

Check out my next article: “11 Old Commemorative Coins for You to Collect!

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