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<p>[QUOTE=&quot;bhp3rd, post: 507829, member: 16510&quot;]<b>Alrighty then, Silver Or Gold, or Platinum eagles are not really coins</b></p><p><br /></p><p>Ok I think I&#039;ve got it - here goes,</p><p>&nbsp;</p><p>American Eagle bullion coins are not coins but hunks of bullion created to look like coins, act like coins, and be like coins for one sole purpose, the mints justification under the law, but in our understanding of coins in a more practicable way no bullion coin is really a coin because it will never be traded at anywhere near, or ever at the stated face value. Additionally it was never intended to be traded at the stated face value - Any coin that cannot be traded at face value other than proofs, (which are copies of real business strike coins) cannot legitimately be called coins because they are not used as such and were not intended to be used as such.</p><p>This may be a matter of semantics also:</p><p>Can a house be a &quot;home&quot; if no one ever lives there? No, it is a house or dwelling but not a home. So it may be finally (I&#039;m sure you&#039;all hope) that to be a coin it must be used as such and useful as such in daily commerce on an ongoing basis and generally understood for this intended purpose recognized as such with out interpretation as such.</p><p>Perhaps if we lived a long time ago an American eagles would have been more practicably a coin. We had tokens, specie, dust, fragments, beaver pelts and beads and when you presented something as a form of payment there was room for negotiation and then the chunk of silver could reasonably be expected to be worth more than it&#039;s stated value by all parties present. No more though - we have lost the abilities to dicker with merchants. Try going into a modern grocery store and paying with lump of quartz laced with some gold in it and they would run you out of town, or lock you up, or both.</p><p>We cannot pay at retail store with anything other than (not including plastic and paper of course) commonly accepted and regularly encountered U.S. coins that are familiar to 9.9999 out of 10 persons.</p><p>If it looks like a duck, acts like a duck, sounds like a duck but cannot be shot and eaten like a duck it ain&#039;t a duck.</p><p>So finally, a U.S. Eagle is not a coin because it cannot regularly be interpreted to be a coin, used as a coin, looked at like a coin, understood to be a coin, it is not a coin!</p><p>Ben, yes, I have too much time on my hands Peters[/QUOTE]</p><p><br /></p>

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