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. Insider

    Insider Talent on loan from...

    Silver Eagles

    On the US Mint web site they are called "Silver Bullion" in one place and "Silver Dollars" in another.

    This weekend I was telling a man about silver eagle bullion coins and the owner of the shop -a well known dealer - told me to call SE coins "silver dollars!" Well I certainly will if I'm in his coin shop but IMO, SE are not "silver dollars." What do you think?
     
    micbraun likes this.
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  3. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    No more a dollar than an American Gold Eagle is $50.
     
  4. YoloBagels

    YoloBagels Well-Known Member

    They are silver bullion in the form of silver dollars. Simple as
     
    slackaction1 likes this.
  5. TheGame

    TheGame Well-Known Member

    They are bullion that are also coins on a technicality. Calling them a silver dollar isn't incorrect, but it also doesn't feel right to me.
     
    YoloBagels likes this.
  6. Robert Ransom

    Robert Ransom Well-Known Member

    I think they should be called "Silver Bullion Dollars."
     
    slackaction1 and YoloBagels like this.
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    Try spending one at a store.
     
  8. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

  9. Robert Ransom

    Robert Ransom Well-Known Member

    The clerks would probably accept it.
     
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    Not in my area. They only accept what they recognize.
     
  11. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I think they should be called ASE's.
     
  12. derkerlegand

    derkerlegand Well-Known Member

    Or better yet, a 5 oz. ATB quarter!
     
  13. Publius2

    Publius2 Well-Known Member

    I voted "Who cares" but that does not adequately convey my dis-interest. It's a toss-up between this and the Dan Carr imbroglio.
     
  14. J.T. Parker

    J.T. Parker Well-Known Member

    Mr. Nut,
    In my area as well. I once gave a sales clerk a Kennedy half and she had to call the manager over to verify that it was legitimate U.S. coinage.
    J. T.
     
    Collecting Nut likes this.
  15. fretboard

    fretboard Defender of Old Coinage!

    They are bullion coins, it's that simple! :D
     
  16. tibor

    tibor Supporter! Supporter

    They are mildly attractive lumps of silver bullion. The Obv/Rev design
    should be changed every two years. I'm tired of seeing the "Walker"
    design. Pull out and scan thru the Pollock pattern book. You will see
    dozens of truly beautiful designs. Many bullion issuing countries change
    the Obv./ Rev. design every year. Please retire the current ASE and
    AGE designs. Enough is enough.
     
    Kentucky likes this.
  17. Kentucky

    Kentucky Supporter! Supporter

    Remember the dude who was trying to pay at McDonalds with a $50 Gold Eagle and they wouldn't accept it?
     
    Collecting Nut likes this.
  18. baseball21

    baseball21 Well-Known Member

    They’re both. The bullion versions are obviously bullion and the numismatic versions are coins. It’s silly to call things that sell for essentially a minimum of 2x spot bullion especially with the special issues like the reverse proofs that sell for way more than that
     
  19. Kentucky

    Kentucky Supporter! Supporter

    I gave a panhandler two half-dollars in a store when she asked for a dollar to buy a soda. She walked off, turned around, came back and asked "are these dollar coins?"
     
  20. Kentucky

    Kentucky Supporter! Supporter

    Hey, how about having the position of Lady Liberty change slightly every year so that a montage of coins would be like a kinetoscope.
     
    RonSanderson likes this.
  21. micbraun

    micbraun coindiccted

    Any coins made of “fine silver” are bullion, no matter what collectors would pay for them. I guess the dealer said “silver dollar” simply because it sounds better (read: can be sold more easily).
     
    Dave Waterstraat likes this.
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