Menu

are there any circulating coins from Turks and Caicos Islands?

Author Message
numinis
Joined: 19-Aug-2015
Posts: 305
Hello,

in Numista's catalogue some coins from Turks and Caicos Islands are marked as "common coins", i.e. circulating noncommemoratives. For example, 1 crown from 1969. Is this a mistake or did they really circulate? It would be extremely fine to get eyewitness accounts from people who had an opportunity to visit these islands.

Also it would be nice to know an independent authority for distinguishing circulating and noncirculating coins in general (not just coins from Turks and Caicos), because the information given in Numista sometimes does not match with what other websites say. How do the authors of Numista's catalogue and referees know such things?
ūūūūū
Jesse11
Joined: 30-Dec-2015
Posts: 1092
From what I have read online, the only coins that likely ever circulated are the 1981 quarter and half crowns (equal to 25 and 50 US cents, respectively). I personally do not believe other denominations ever circulated.
Oklahoman
Joined: 20-Dec-2015
Posts: 1833
The Turks and Caicos National museum speaks of the circulation coins bearing a lobster and a crest. They admit that tourists use them most. But they are differentiated from the souvenir or commemorative coins that are also for sale. Most refs have a relationship with their country. I don't think an independent authority exists, not would I think it valid if it alone determined whether or not a coin circulates. (Hiw would it know world wide anyway?) If you dont like it and can't deal with it, by all means provide the ref with more than your feelings, maybe it will get changed.
numinis
Joined: 19-Aug-2015
Posts: 305
Thank you for the answers.
Oklahoman: what do you mean by crest? On 1 crown (1969 and 1986) I see a coat of arms. Is this the crest that you are talking about?
ūūūūū
Oklahoman
Joined: 20-Dec-2015
Posts: 1833
I wondered about that also. That was the phrase they used and I would guess it is a synonym of arms.
Sjoelund
Joined: 28-Mar-2012
Posts: 2575
Hi,

you also have an English and a Scottish Crest on the 1 shilling coins from Great Britain (km853 and 854, f.ex.)!

Crest equals arms.

Ole
Globetrotter
Coin variants in English:
https://sites.google.com/site/coinvarietiescollection/home
In French on Cobra's site (not the same)
https://monnaiesetvarietes.numista.com
numinis
Joined: 19-Aug-2015
Posts: 305
It was said in this thread that only 1981 T&C coins were circulating and others were not. But now I see an auction of 1 crown from 1969 that looks like a circulated coin. https://www.ebay.com/itm/1969-Turks-and-Caicos-one-crown-coin/143285063851
ūūūūū
Sjoelund
Joined: 28-Mar-2012
Posts: 2575
Hi,

I can make any coin look circulated, so that's not a criterium.....

Ole
Globetrotter
Coin variants in English:
https://sites.google.com/site/coinvarietiescollection/home
In French on Cobra's site (not the same)
https://monnaiesetvarietes.numista.com
numinis
Joined: 19-Aug-2015
Posts: 305
Quote: "Sjoelund"​I can make any coin look circulated, so that's not a criterium.....


Yes, the seller can make a coin look circulated, but why should (s)he do that? Usually, uncirculated coins are more expensive.
(I'm just wondering.)
ūūūūū
Sjoelund
Joined: 28-Mar-2012
Posts: 2575
Quote: "numinis"​Yes, the seller can make a coin look circulated, but why should (s)he do that? Usually, uncirculated coins are more expensive.
​(I'm just wondering.)

​Maybe the pre-owner didn't know the value of coin, so it might have been put into a common coin-box with other coins to be sold on flee markets..... and thus became circulated by being handled brutally in the scrap box!

ole
Globetrotter
Coin variants in English:
https://sites.google.com/site/coinvarietiescollection/home
In French on Cobra's site (not the same)
https://monnaiesetvarietes.numista.com
jokinen
Joined: 10-Feb-2013
Posts: 1779
These Turks & Caicos coins seem a bit similar to Vatican, Sanmarinese or Monegasque coins. These countries don't use their own currency but occasionally release some of their own coins in circulation at their nominal value. The mintages are too low to see them as standard circulation coins but they did circulate, only to be withdrawn quite quickly by curious collectors.

There are 50 shades of grey regarding circulation status.
Hanun
Joined: 21-Oct-2015
Posts: 2
Quote: "numinis"​Thank you for the answers.
Oklahoman: what do you mean by crest? On 1 crown (1969 and 1986) I see a coat of arms. Is this the crest that you are talking about?


I hope that helps you.
numinis
Joined: 19-Aug-2015
Posts: 305
Quote: "Hanun"​I hope that helps you.
​Hello, and thank you for photographs.
So do you think this coin did circulate or not?
ūūūūū
Hanun
Joined: 21-Oct-2015
Posts: 2
Quote: "numinis"
Quote: "Hanun"​I hope that helps you.
​​Hello, and thank you for photographs.
​So do you think this coin did circulate or not?
Maybe see this website:
https://www.tcmuseum.org/collections/coins/

I hope that helps you.
halfdisme
Joined: 6-Oct-2017
Posts: 780
In the Krause catalog, it states "1 Crown=I Dollar USA". I have not been to Turks & Caicos, but I strongly suspect that they simply use U. S. coinage for change. It is highly unlikely that two denominations, minted in only one year (1981) would be adequate for all their commercial needs.

Someone else would have to respond to whether they use their own currency--or just use U. S. currency as well.

The Bahamas issue their own coins and currency, but they are also tied to the U. S. dollar. Merchants--and the bank--will ask you whether you want your change in Bahamian or U. S. coins or currency. This I know from personal experience.
Sjoelund
Joined: 28-Mar-2012
Posts: 2575
Hi,

they use the US$ as stated by Wikipedia:

https://en.wikipedia.org/wiki/Turks_and_Caicos_Islands

Ole
Globetrotter
Coin variants in English:
https://sites.google.com/site/coinvarietiescollection/home
In French on Cobra's site (not the same)
https://monnaiesetvarietes.numista.com
jokinen
Joined: 10-Feb-2013
Posts: 1779
I compare it to San Marino. This tiny country never had its own currency but does occasionally place its own coins into circulation to function as souvenirs and as a symbol of autonomy.

Turks & Caicos did the same with the 1981 issues. They did circulate but only as an addition to regular US coinage.

How to classify such coins? Circulating souvenirs?
Bavariat
Joined: 7-Apr-2013
Posts: 11
I do remember, that back in the old days, when being in Italy, occasionally you had some San Marino or even Vatican coins in the change - of course not the latest years with coins only struck for the sets, only like from the late 70s, early 80s. The coins were identical in metal and size to the regular Italian Lira and were also legal tender (or at least accepted - not sure about the legal environment, then) within Italy.
Also today very occasionally you may receive San Marino or Vatican coins in your change in the Euro zone. At least the recent 50c coins are not really scarce at all...
in the end everything will be good - if it's not good, then it's not the end...

Used time zone is UTC+2:00.
Current time is 05:01PM.