General Question

buckyboy28's avatar

Are proof coins considered legal tender?

Asked by buckyboy28 (4943points) July 29th, 2012

I was wondering if the proof coins that are purchased through the Mint as collectables would be considered legal tender if they were to be cracked out of their cases and used in a store. I’m not saying I would… I know they are more expensive and meant for collecting, but I am just curious.

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5 Answers

PhiNotPi's avatar

Yes, if they are simply proof versions of coins that are in circulation, then they are considered legal tender.

AstroChuck's avatar

Absolutely. Every once in a blue moon I’ll receive in change a coin that was obviously from a proof set. Likely some kid got a hold of his folks’ proof set and broke it open. Talk about depreciation.

JLeslie's avatar

Yes, but don’t do it. Beng uncirculated is what gives it most of its value.

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Fyrius's avatar

I’ve had a few commemorative 2 Euro coins pass through my wallet that has Erasmus on the back. We just circulate them here.
I also have a few commemorative coins from before the Euro that used to be legal tender. I don’t think they came in a case, though.

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