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<p>[QUOTE="samjimmy, post: 68986, member: 3813"]I aware of what you posted (and agree with it) though I find it to be a bit silly in some regards. Why is this (technically speaking)?</p><p><br /></p><p>Maybe so many are produced that their value as a coin is diminished (I don't know if more or less of these are produced than traditional coins). What is a coin, and why are these not considered coins?</p><p><br /></p><p>With most coins, their actual value (the value of the metals) is less than face value (correct me if I'm wrong). A quarter's metal isn't worth $0.25 (again, correct me if I'm wrong). They are dated and only so many produced per year.</p><p><br /></p><p>Weigh this against American Eagle coins, which are dated (though as I said I don't know how many are produced compared to coins), but the main difference seems to be that the Eagle denominations are completely inaccurate and don't seem to make much sense (unless gold hits $50/oz.). The metal is worth far more than the denomination. A $50 Gold Eagle can't be aquired at a bank for $50 (nor can you get them at most banks at any price), nor would you pay for a $50 item with this coin. Like coins though, they can be graded in terms of their condition.</p><p><br /></p><p>I think they are a bit of both, but the denomination issue and the metal worth make them less coin-like and more bullion-like. Is there a definitive answer to this?[/QUOTE]</p><p><br /></p>
[QUOTE="samjimmy, post: 68986, member: 3813"]I aware of what you posted (and agree with it) though I find it to be a bit silly in some regards. Why is this (technically speaking)? Maybe so many are produced that their value as a coin is diminished (I don't know if more or less of these are produced than traditional coins). What is a coin, and why are these not considered coins? With most coins, their actual value (the value of the metals) is less than face value (correct me if I'm wrong). A quarter's metal isn't worth $0.25 (again, correct me if I'm wrong). They are dated and only so many produced per year. Weigh this against American Eagle coins, which are dated (though as I said I don't know how many are produced compared to coins), but the main difference seems to be that the Eagle denominations are completely inaccurate and don't seem to make much sense (unless gold hits $50/oz.). The metal is worth far more than the denomination. A $50 Gold Eagle can't be aquired at a bank for $50 (nor can you get them at most banks at any price), nor would you pay for a $50 item with this coin. Like coins though, they can be graded in terms of their condition. I think they are a bit of both, but the denomination issue and the metal worth make them less coin-like and more bullion-like. Is there a definitive answer to this?[/QUOTE]
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