Coin or bullion question.

Discussion in 'US Coins Forum' started by Insider, Dec 23, 2020.

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Are Silver Eagles a dollar or bullion?

  1. They are bullion

    26 vote(s)
    76.5%
  2. They are a dollar.

    1 vote(s)
    2.9%
  3. Who cares?

    7 vote(s)
    20.6%
  1. baseball21

    baseball21 Well-Known Member

    No they aren't. Bullion by definition is sold and valued by weight. When one ounce is selling for 60 or 100 or 1000 with a metal value under 30 it is NOT bullion. Of course I would be happy to buy all of your reverse proof ASEs as bullion if you believe they are
     
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  3. tibor

    tibor Supporter! Supporter

    I don't buy ASE 's anymore unless I get them for spot usually at pawn shops. I've got about 600 +/- . Now just 5 and 10 oz. bars.
     
  4. Collecting Nut

    Collecting Nut Borderline Hoarder

    That's funny! I've never had a problem with Halves but I do get some strange looks with $2.00 bills.
     
    Dug13 likes this.
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    I do remember that!
     
    Kentucky likes this.
  6. micbraun

    micbraun coindiccted

    ...and that’s as much as I’d pay for them - spot price. Just look at the votes 17-bullion, 0-dollar and 4-who cares? and you’ll realize most (all?) of us have a different opinion ;-)
     
    Last edited: Dec 23, 2020
    Insider likes this.
  7. baseball21

    baseball21 Well-Known Member

    Whether something is bullion or not isn't an opinion, it's a factual case. Whether or not you like them or would buy one is an opinion. There is no opinion involved about whether or not something is valued by it's weight or not, it either is or isnt no matter how many people are wrong, it's not a good poll anyways because theres no option for the right answer which is that the series has bullion issues and numismatic coin issues

    It's no different than any other series, an 81-S Morgan in XF is bullion yet in higher grades its a numismatic coin
     
  8. micbraun

    micbraun coindiccted

    Many large dealers list ASEs under bullion and not under US coins, e.g. APMEX has a category “Silver dollars (1794-1978)” while ASEs are listed under “silver bullion”.

    Wikipedia: American Silver Eagle and American Gold Eagle coins (...)are typically sold at prices slightly above the underlying prevailing precious metals spot price commensurate with their overall precious metal content, whereas collectible versions are sold at a significant premium over their actual precious metal bullion melt value.
    https://en.m.wikipedia.org/wiki/Bullion


    There’s your answer, it’s still bullion, just sold at a premium.
     
    Last edited: Dec 23, 2020
  9. baseball21

    baseball21 Well-Known Member

    Lol ebay listing categories wow.

    Bullion is valued by weight. If something is not valued by its weight alone it is not bullion period
     
  10. micbraun

    micbraun coindiccted

    No, read again... or go to the APMEX web site.
     
  11. baseball21

    baseball21 Well-Known Member

    You can post whatever you want but it's really this simple for is it bullion

    Is the item valued by its weight: Yes congrats its bullion

    Is the item valued by its weight: No, sorry you do not have bullion
     
  12. Razz

    Razz Critical Thinker

    So ASEs that come in monster boxes are sold to dealers by weight and so are bullion. ASEs sold to the general public are sold at a premium and so are technically coins or numismatic items of some sort because they have a face value and issued by a government? Now you would be foolish to buy something with one in a store, whether bullion or a coin, because its intrinsic value is vastly greater than its face value.
     
  13. -jeffB

    -jeffB Greshams LEO Supporter

    o_O
     
    Insider and CoinCorgi like this.
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Never have I seen a poll in which I wanted so badly to check all three responses. (Well, at least the first two; I think we've already got answers for the third.)
     
    Insider, Kentucky and micbraun like this.
  15. Conder101

    Conder101 Numismatist

    They are silver, and they are dollars. So they are silver dollars. Silver dollars that trade as bullion, but still silver dollars.
     
    Jack D. Young likes this.
  16. Insider

    Insider Talent on loan from...

    baseball21,

    AFAIK, this is not a difficult poll. I do not see any trace or hint at a DENOMINATION in the design of a SE. So, in my attempt to see if some uninformed (IMHO) collectors and professional numismatists pass on misinformation, I posted this poll to satisfy my curiosity. Did you duck the poll question or did you vote? Clearly, the U.S. Mint did! Is a SE a dollar or bullion?

    Then this: "Whether something is bullion or not isn't an opinion, it's a factual case. Whether or not you like them or would buy one is an opinion. [:rolleyes::confused: This has absolutely nothing to do with what a SE is!] There is no opinion involved about whether or not something is valued by it's weight or not, it either is or isn't no matter how many people are wrong, it's not a good poll anyways [because some folks cannot comprehend the question??] because there's no option for the right :stinkyfeet: answer which is that the series has bullion issues and numismatic coin issues." [OK, so is a 1995 SE a dollar or bullion? Is a 75th anniversary SE a DOLLAR COIN?]

    It's no different than any other series, an 81-S Morgan in XF is bullion [:rolleyes::confused: Actually, most collectors would call it a SILVER DOLLAR COIN because what it sells for also has NOTHING to do with what it is. Any questions?] it is a silver yet in higher grades its a numismatic coin."
     
    Jack D. Young and micbraun like this.
  17. -jeffB

    -jeffB Greshams LEO Supporter

    I'm not sure what you mean...?

    [​IMG]
     
    ernie11 likes this.
  18. GDJMSP

    GDJMSP Numismatist Moderator

    And therein lies the crux of the problem - everybody has their own personal definitions - for just about everything !

    Based on who's definition ?

    As this thread clearly indicates there are many different definitions being applied. In the dictionary, and in a numismatic context, this is the definition of coin -

    upload_2020-12-24_11-16-25.png

    https://www.google.ca/search?as_q=d...ch=&as_occt=any&safe=images&as_filetype=&tbs=

    So, as determined by the dictionary, an ASE is definitely not a coin since it CANNOT be used as money !

    But based on one's personal definitions, well an ASE can be just about anything you want it to be. As I said to begin with, that is the crux of the problem. People will almost inevitably default to their own person definitions instead of using those listed in the dictionary. And they will do so with just about everything.

    And THAT is factual ! ;)
     
    masterswimmer, Insider and micbraun like this.
  19. micbraun

    micbraun coindiccted

    I looked up Wikipedia’s definition. There are likely many different definitions, so it doesn’t really make a lot of sense to argue :) It’s interesting though how some posters always talk about “facts” without providing any sources.
     
    Last edited: Dec 24, 2020
  20. baseball21

    baseball21 Well-Known Member

    Do you not read your own threads or did you get into the egg nog early? I made it Abundantly clear in terms that a child could understand that the ASE series contains both bullion and numismatic coins but go on

    I will repeat
    Is your precious coin valued by weight: Yes then congratulations it's bullion
    Is your precious coin valued by weight: No, sorry your is not bullion


    :rolleyes::confused: Actually all ASEs ecept for the bullion issue their sale price has nothing do with their face value or weight so I guess they must be silver dollars too like those Morgans. Any questions?
     
  21. baseball21

    baseball21 Well-Known Member

    It actually CAN be used as money, you would just have to be an idiot to do so
     
    Insider likes this.
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