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<p>[QUOTE="krispy, post: 887074, member: 19065"]Fundamentally, any coin with a composition of precious metals are bullion. However, when you buy a US Mint precious metal composition coin bearing a "W" mint mark it has been minted for and marketed to 'collectors'. There is generally a premium on the retail sale of that version of that coin with the "W" mint mark when bought directly from the Mint or a dealer. There are those versions of certain coins (ASE, AGE, AGB) from the US Mint which bear the same design but NO "W" mint mark which are to be priced and sold according to bullion market for investors. Some people, a minority of collectors, may choose to collect bullion coins, but by the market and per these threads, this is a discussion of bullion coins, not collectors coins. With that said, certain bullion dealers will acquire and sell at bullion costs, coins of lesser quality that were once minted as commemorative coins for collectors, Proofs and BU numismatic grade/quality, pricing it as bullion as its typically assessed numismatic quality of a high grade or pristine condition may no longer bear the quality suitable for a collector willing to pay a premium. This is why I warn you often Elaine, to buy bullion and not to buy collectors versions with huge US Mint premiums if you are only going to turn around and sell them for bullion values and instead of to the collector market. It's a waste of your time and money to do otherwise and it typically takes a decades of time to recoup the original premium you paid out to acquire those collector versions. No big deal if you intend to sell them to the collector market, or find collectors of bullion coins willing to pay a premium on a regular unc bullion coin. You have to understand the difference, which I thought you inherently had understood, due to the length of time you have been waiting to unload your collector version US Mint silver commemorative coins you've held for the past 20+ years.</p><p><br /></p><p>Those fractional 2006w-2008w were only fundamentally bullion, they were marketed with a "W" mint mark and are collector versions, some in Proof and some in Unc.</p><p><br /></p><p>Asian markets as you know are just about to open... no updates yet available.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 887074, member: 19065"]Fundamentally, any coin with a composition of precious metals are bullion. However, when you buy a US Mint precious metal composition coin bearing a "W" mint mark it has been minted for and marketed to 'collectors'. There is generally a premium on the retail sale of that version of that coin with the "W" mint mark when bought directly from the Mint or a dealer. There are those versions of certain coins (ASE, AGE, AGB) from the US Mint which bear the same design but NO "W" mint mark which are to be priced and sold according to bullion market for investors. Some people, a minority of collectors, may choose to collect bullion coins, but by the market and per these threads, this is a discussion of bullion coins, not collectors coins. With that said, certain bullion dealers will acquire and sell at bullion costs, coins of lesser quality that were once minted as commemorative coins for collectors, Proofs and BU numismatic grade/quality, pricing it as bullion as its typically assessed numismatic quality of a high grade or pristine condition may no longer bear the quality suitable for a collector willing to pay a premium. This is why I warn you often Elaine, to buy bullion and not to buy collectors versions with huge US Mint premiums if you are only going to turn around and sell them for bullion values and instead of to the collector market. It's a waste of your time and money to do otherwise and it typically takes a decades of time to recoup the original premium you paid out to acquire those collector versions. No big deal if you intend to sell them to the collector market, or find collectors of bullion coins willing to pay a premium on a regular unc bullion coin. You have to understand the difference, which I thought you inherently had understood, due to the length of time you have been waiting to unload your collector version US Mint silver commemorative coins you've held for the past 20+ years. Those fractional 2006w-2008w were only fundamentally bullion, they were marketed with a "W" mint mark and are collector versions, some in Proof and some in Unc. Asian markets as you know are just about to open... no updates yet available.[/QUOTE]
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