Coin or bullion question.

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

?

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. coin dog

    coin dog Active Member

    American Silver Eagle Bullion
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Am I the only one who thinks this makes no more sense the second time than the first time?
     
    Kentucky, micbraun and Insider like this.
  4. baseball21

    baseball21 Well-Known Member

    Apparently i'm surrounded by crazy people that think something with 4x, 10x, even 20x+ should be bullion just because of the name silver eagle.
     
  5. Insider

    Insider Talent on loan from...

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

    This is what I mean: Color me :jawdrop::facepalm::eggface::bucktooth: very STUPID! It seems like when a dummy:bucktooth:gets accustomed to seeing microscopic details all the time they become blind to very OBVIOUS things like the word "DOLLAR." It looks like a SE is ACTUALLY a silver DOLLAR after all.

    [​IMG]
     
    RonSanderson likes this.
  6. Insider

    Insider Talent on loan from...

    Conder101, posted: "They are silver, and they are dollars. So they are silver dollars. Silver dollars that trade as bullion, but still silver dollars."

    I would have saved a lot of time if I had read this PERFECT response.
     
    Jack D. Young likes this.
  7. baseball21

    baseball21 Well-Known Member

    While a very good response perfect would have been if he added a word to say "They are silver, and they are dollars. So they are silver dollars. Silver dollars
    that (some) trade as bullion, but still silver dollars."
     
  8. slackaction1

    slackaction1 Supporter! Supporter

    I have read this through 3 times and I am going to have to do it again.. until the post above.. took three pages..
     
    masterswimmer likes this.
  9. -jeffB

    -jeffB Greshams LEO Supporter

    No, I think you're repeating a typo over and over again. Both your sentences start with "Is your precious coin valued by weight". It seems like one of them should start with "Is your precious coin not valued by weight". Or something.
     
  10. baseball21

    baseball21 Well-Known Member

    No because after the : the first word is the Answer "Yes" then or "No" then
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    Thanks -- that's a relief. I spend a lot more time staring at the leaf veins than seeing the forest myself. :rolleyes:
     
    slackaction1 likes this.
  12. -jeffB

    -jeffB Greshams LEO Supporter

    Okay. If you have to repeat it again, try changing the formatting; that way it'll be less likely to confuse people like me. ;)
     
  13. baseball21

    baseball21 Well-Known Member

    I went game show style trivia with it lol
     
  14. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    They are a overpriced, overhyped, mass-produced commodity. Technically they are a coin, but they are effectively traded as overpriced bullion. They become ugly really quickly.
     
    micbraun likes this.
  15. Jack D. Young

    Jack D. Young Well-Known Member

    And there is mine:D...

    my combo.jpg
     
    micbraun and Insider like this.
  16. masterswimmer

    masterswimmer Well-Known Member

    The bottom line, like so much of society, politics, economics, just follow the money.

    If the value of the ASE is higher because it is graded as MS70 or PF70 then it is a dollar and a numismatic collectible.

    If the value of the ASE is more valuable as bullion, then it is not a numismatic collectible and it is only bullion.

    If the price of silver somehow fell to 1850's pricing of 70¢/oz and it was in worn, circulated condition with 10's of millions minted, then it would be worth more to use it as a dollar.

    Again, bottom line is follow the money. That's what's going to dictate what the ASE is perceived as. Because obviously it is only perception that determines what we use it as.
     
  17. slackaction1

    slackaction1 Supporter! Supporter

  18. micbraun

    micbraun coindiccted

    2020-P...? This guy is only posting counterfeits... even on Christmas! ;-)
     
    Insider likes this.
  19. Dug13

    Dug13 Well-Known Member

    My daughter received one as change, along with an Ike and ATB quarters. from a FB Marketplace transaction.
     
    Last edited: Dec 24, 2020
  20. Jack D. Young

    Jack D. Young Well-Known Member

    It was a Christmas present. Merry Christmas!
     
    micbraun and Insider like this.
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