NCLT (Non-circulating legal tender)


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.

They are sold to collectors and investors with no intention that they be used as money. Notable examples would include the 2020 Tooth Fairy $2 coin, the 2019 90th anniversary of the Ghan 50 cent coin, and the 2020 Banjo Paterson themed 50 cent coins.