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ANNEX 1 (cont.)
Volume and Method of Issues
18.
(It
What is the face value of the coins so far issued? would be helpful if a breakdown by denominations could be provided.)
19.
llow is the quantity of coins to be minted determined? Is it restricted to a predetermined number, or is it dependent upon · the numbers ordered by customers?
20.
Can you provide details of how the coins are marketed? For instance, are all coins sold by mail order, or are there certain direct sales outlets (e.g. banks)? Is there any attempt to limit the distribution of coins?
21.
Legislation
22..
Do you know what the selling prices are? Have any of the coins issued been redeemed?
Hlas legislation been enacted in your territory specifically for numismatic coins?
23.
24.
What is the current legislation affecting coin issues?
Does this legislation require, explicitly or implicitly, assets to be held by the issuing authority or government as "backing" against the liability of coins issued?
25.
In respect of any such requirements are numismatic coins treated in the same way as other legal tender currency (notes and coins)? If not, what provisions are made?
26.
For the purposes of the calculation of the value of the "backing" assets, does the legislation allow for the value of the bullion content of legal tender coinage to be included among the "backing" assets?
27.
Is there any provision for (a) cancelling the legal tender status of coins, (b) demonetising legal tender coins?
26.
Is there any provision requiring insurance against the redemption risk?
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