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 Bullion Coins and Metals Investing Forums
 Silver Bullion, Gold, & other Bullion Metals
 Franklin Mint Coins
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JWRAY
Penny Collector Member

USA
378 Posts

Posted - 04/07/2010 :  20:58:26  Show Profile Send JWRAY a Private Message
So how do Franklin Mint coins work? I have been perusing my World Coins guide and I see a coin I like, look it up, and it says Franklin Mint Issue.

What does this mean in relation to it being actual currency? I guess I am kind of confused as to how a private corporation would mint coins for foreign governments and have them be legal tender at the same time that the gov. is also minting its own coins.

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AgCollector
Penny Collector Member



USA
266 Posts

Posted - 04/08/2010 :  07:24:34  Show Profile Send AgCollector a Private Message
quote:
Originally posted by JWRAY

So how do Franklin Mint coins work? I have been perusing my World Coins guide and I see a coin I like, look it up, and it says Franklin Mint Issue.

What does this mean in relation to it being actual currency? I guess I am kind of confused as to how a private corporation would mint coins for foreign governments and have them be legal tender at the same time that the gov. is also minting its own coins.



I think typically those governments contract with the Franklin mint to produce some or all of their coinage- cheaper for them than having to mint it themselves.
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