New here. I have a odd question about holding silver coin.

poor baby.

 

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You just supported my theory. Even though it is technically a coin, you would not treat it as a coin, nor would you spend it as a coin. If it truly was a coin, you would have spent it, especially when it had less value as silver. You could have spent it, but because it is bullion, you chose not to spend it, and sit on it until the silver value surpassed the denomination value. That is (by my definition) bullion. Classic coins, which also can be spent today, were spent at the time of release, by everyone. Bullion rounds with a 'face value' are rarely spent, and when they are, it's by an unknowing person.

Thanks for reinforcing my opinion!

 

I too think it's bullion. When the pieces are minted, they aren't made for circulation. The precious metal does not equal the pieces stated value. Pre 1965, that was the case. Not now.

 

I’ll stick with the industry and call them coins. But if you’d rather just call the, government rounds go ahead. Technically their bullion coins.
Would you sell them for round price though?

Also i dont know as I just got into silver this year. So I didn’t do any sitting and silver is same price as when I got into it months ago. Went down then up then back to 17

 

Just carry it if you wish..coin or bullion, few will care except the hard core bullion worshipers. If it gets tarnish in an ugly way, just dip it and start over again. After a few weeks, replace it with a Chinese copy and put it away....no one will notice the difference.

 

You stated QUOTE " I haven’t handled it much yet. UNQUOTE....

Now. Either you have handled it or not!!! There is nothing like
what you stated.

It is the same as being pregnant...You cannot say that you are
not pregnant much, can you...
Dont take offense to that but i had to find a comparison.

 

I come from a different school of thought.

Technically, if a coin is issued by a government and has a stated denomination, it is by definition, a coin.

You may choose to treat some like bullion, whereas you may treat others like cash.

Just my 2¢

 

I hear you Mike. Because there is a stated denomination it is technically a coin; however, like I posted earlier, the fact it doesn't have $1 worth of silver and never did, nor was it intended in that manner, I still think of it as bullion.

Either way, I think they're great looking. I collect the proofs and have a Dansco full of the "bullion" version. I even have some burnished, but it's hard for me to tell those from the "bullion" version, so I stopped buying them.

 

Bill Nye is not a scientist. Never was and never will be. He started out as a comedian, and he isn't very funny. Now he just says whatever those that pay his bills wants him to say.

 

Go find a .999 fine silver round - you can get 1/4 or 1/2 oz. pieces - and carry it around in your pocket for a few months. You won't be out much, and you won't have people getting on you for destroying a coin - even an ASE that is just a NCLT piece.

 

I’ve held it by the ridge but not handled it like clad coins or the copper round I bought. I haven’t touched the faces of the coin.

 

What’s nclt?

 

Very convenient of you to leave out his career as an engineer for Boeing before his attempt at comedy.

He is a scientist. Whether or not you like his politics is a different story. I assume that your judgment is based upon yours.

 

Non Circulating Legal Tender

 

If it's legal tender, then it's a coin. If it's not meant for circulation, then it can still be a coin (e.g. proof strikes and ASEs).

Technically, bullion is uncoined. Pragmatically or colloquially, some coins are considered as bullion as it's practically never spent like cash (e.g. no "real" difference between a bar of silver and the same weight in ASEs). Or another way of looking at it, no rational person would spend an ASE at face value today - it's held the same as bullion.

 

Still does not matter what it is..Bullion / shmullion, coins, medallions, medals, etc etc etc...Kids have no interest today and the hobby has only one way to go...Thats is down.... This is all thanks to computers and mobile phones.

 

Not true at all, and really not sure why you're going thread to thread posting this now. Kids grow up, this has never been a hobby of kids

 

I just got into it. At 30. So who knows what future holds. Traditional shaving with brush and soap is making a come back and people said it was doomed to disappear

 

I used a mug and brush for a while. It was a novelty in my mind. It is cheaper, but the lubrication from today's gels is better IMHO.

As with anything it comes and goes in cycles.

Typically people leave the hobby as they leave home. They tend to return when their financial life allows them the disposable income.