Set Uncirculated
I have an Uncirculated Republic of Marshall islands 1969-1989?
First Man on the Moon $5 coin can anyone tell me what it might be worth? I also have a set of five Uncirculated Elvis Presley $10 gold coin 1993.
So from the answers I have recieved the only value would be not of a coin but of a collector of First man on the Moon or Elvis Presley, correct.
There isn’t much demand for Marshall Islands coins. A typical coin shop would pay about half of face value for them.
An ongoing battle has been taking place with The Marshall Islands. There are millions of dollars of “legal tender” coins floating around which were marketed to the public with the idea that they were backed by the Marshall Islands. The coins are made out of copper nickel and have no metallic value. Currently, on the resale market, these coins change hands at $1. each. So, some enterprising German dealers bought up some hundreds of thousands of dollars of these for about one quarter of face value. They then showed up in the Marshall Islands and demanded their face value. The Marshall Islands said something to the effect of “don’t hold your breath.” I think the case went to court, and the outcome was that the government decided to implement a policy which basically said you can redeem one coin per day, AND pay a $5. fee for the transaction. Nice out.
Marshall Islands commemorative coins are again in the news — being called “scam” coins and are the subject of draft legislation in the US state of Michigan that aims to set consumer protection standards for companies and foreign governments that advertise coins as “legal tender” when those items aren’t US coins currently in circulation. “If something is called a ‘coin,’ it has face value or denomination, and there’s the assumption you can use it as money in the country of origin or redeem it at the exchange rate,” Michigan state legislature Rep. Steve Bieda said. “Sometimes you can’t use them as money even in the entity that produced them.” The article, published this week in the online Capital News Service issued by the Michigan State University School of Journalism, highlights the problem with both RMI and Northern Mariana Islands commemorative coins. Not all that glitters is gold, and not every shiny new coin is a wise investment — not even, say, a $5 Elvis Presley commemorative coin issued by the Marshall Islands, the story said. Bieda’s new proposal would require mints, issuers or foreign governments that advertise in Michigan to “clearly and conspicuously disclose” that such coins “cannot be exchanged or redeemed at face value for U.S. currency in the United States.”
The Mint’s “Moments” Special Edition Uncirculated Coin Set