When does something stop being bullion and starts being a collectible numismatic? Bullion, by its nature, is for investment with a value close to its metal value. That means you buy it to buy metal. Thus, the cost of the metal must be close to the coin. Numismatics are coins that are collected for their aesthetic value not their metal value. Eagles, Maples, Philharmonics, Britannias, and Kangaroos all sell for $1.50-$2.80ish over spot (or 8.5% to 15ish% over) when purchased individually. Libertads, Kookaburras, Pandas all sell for $4+ over spot, or around 25% over. How can any metal that costs more than 25% over its real value be classified as bullion. This is my argument. What do you think? Agree or disagree?