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Can you explain the difference between a commemorative coin and a circulating coin?
There are circulating coins, commemorative coins and circulating commemoratives so we need to look closely at our definitions. A circulating coin is one issued and intended for commerce, sometimes called a business strike. A commemorative coin is one issued, usually under a special law, to commemorate some historical event, person, place, group or anniversary. They are similar to medals, but they carry a denomination, a specific reserved to government issued coins. Circulating commemoratives combine the two divisions, in a coin which is both intended to circulate and to honor or commemorate something.
There are circulating coins, commemorative coins and circulating commemoratives so we need to look closely at our definitions. A circulating coin is one issued and intended for commerce, sometimes called a business strike. A commemorative coin is one issued, usually under a special law, to commemorate some historical event, person, place, group or anniversary. They are similar to medals, but they carry a denomination, a specific reserved to government issued coins. Circulating commemoratives combine the two divisions, in a coin which is both intended to circulate and to honor or commemorate something.