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Why Are Military Coins Important?

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Summary: Military coins are important to the unit that issues them because they are used to identify members of the unit. Find out how military coins were often used in place of US currency with help from a second-generation numismatist in this free video on military coins.

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By Brian Kuszmar
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Brian Kuszmar is a second-generation numismatist, and the owner of Commercial Rare Coins LLC in Lauderdale By The Sea, Fla. He has been buying, selling and appraising US Coins, paper...read more

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Video Transcript

"Hello I am Brian Kuszmar with thecoinbroker.com. Let's talk about why military coins are important. Military coins are important or challenge coins I should say are important to the units that issue them. Because it identifies who they are, it identifies their units, it identifies where they have been. I would imagine there is a camaraderie behind that. Military coins are probably important to determine who is going to buy the first round of drinks at the bar too. Based on what challenge coins are. However, I think the most important part of challenge coins or military coins would be the fact that it identifies particular units. So if you are in the army, and you are in a special forces or something that coin is a reminder, and that coin is also kind of a membership card to the fact that you were there, and you were part of that unit. There is also something called military currency, which is completely different than military coins. Military currency was issued by the military itself to be used on bases overseas or on say for example you were stationed in Vietnam at the time. They didn't want U.S. currency circulating around the base, because U.S. currency could get into the hands of the enemy. So what they would do is they would issue U.S. military currency in lieu of this, in lieu of U.S. dollars to the soldiers. And the soldiers would take this military currency, go down to the local store, and buy their goods, their cigarettes, or whatever they did buy. I guess they could also use these local military currencies for buying drinks at the local officers club, I suspect. So that would be military currency."

eHow Article: Why Are Military Coins Important?

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