What is non circulating legal tender 

Posted by Abhishek Kashyap (Jul 17, 2017 9:16 p.m.) (Question ID: 6722)

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  • Non-circulating legal tender (NCLT) refers to coins that are theoretically legal tender and could circulate but do not because their issue price, and/or their melt value at the time of issue is significantly above the arbitrary legal tender value placed thereon.

    Answered by Sahdev Sharma (Jul 20, 2017 6:34 p.m.)
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