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<p>[QUOTE="yakpoo, post: 2935346, member: 18157"]I began collecting the First Spouse $10 coin series in 2007 along with many other CT members. Over the years, as people dropped out, I was often criticized for paying a premium for "bullion".</p><p><br /></p><p>I guess there's an element of truth to the criticism given that First Spouse coins are listed in most guides under the "Gold Bullion" section...along with American Eagles and Buffaloes "denominated by a government source".</p><p><br /></p><p>By "valid denomination", do you mean to say "coins" are those pieces denominated (at that time) for circulation? Obviously, no one would use a .9999 pure gold First Spouse coin to pay for a $10 pizza.</p><p><br /></p><p>"Valid denomination" seems strange...since all gold coins are denoninated based closely to the last gold peg used by the U.S. government ($35/oz). No gold coins currently have "valid denominations" based on current prices.</p><p><br /></p><p>If so, could we better define "bullion" vs. "coin" in terms of alloy? Meaning, .9999 pure gold/silver (bullion) is too soft for circulation and never intended to circulate? Whereas, "coins" must be of some alloy to provide required rigidity (typically < .900 purity)?</p><p><br /></p><p>Of couse, modern commemorative coins are made of a "circulating alloy". Under the "valid denomination" definition, they would be classified as "bullion" and under the "alloy" definition, they would be classified as "coins". Hmmmm. I guess commemorative coins aren't meant to circulate (denomination), but meant to be handled (alloy).</p><p><br /></p><p>I guess the question comes down to...</p><p><br /></p><p><b>Should a .900 commemorative gold coin be classified as "bullion"?</b>[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 2935346, member: 18157"]I began collecting the First Spouse $10 coin series in 2007 along with many other CT members. Over the years, as people dropped out, I was often criticized for paying a premium for "bullion". I guess there's an element of truth to the criticism given that First Spouse coins are listed in most guides under the "Gold Bullion" section...along with American Eagles and Buffaloes "denominated by a government source". By "valid denomination", do you mean to say "coins" are those pieces denominated (at that time) for circulation? Obviously, no one would use a .9999 pure gold First Spouse coin to pay for a $10 pizza. "Valid denomination" seems strange...since all gold coins are denoninated based closely to the last gold peg used by the U.S. government ($35/oz). No gold coins currently have "valid denominations" based on current prices. If so, could we better define "bullion" vs. "coin" in terms of alloy? Meaning, .9999 pure gold/silver (bullion) is too soft for circulation and never intended to circulate? Whereas, "coins" must be of some alloy to provide required rigidity (typically < .900 purity)? Of couse, modern commemorative coins are made of a "circulating alloy". Under the "valid denomination" definition, they would be classified as "bullion" and under the "alloy" definition, they would be classified as "coins". Hmmmm. I guess commemorative coins aren't meant to circulate (denomination), but meant to be handled (alloy). I guess the question comes down to... [B]Should a .900 commemorative gold coin be classified as "bullion"?[/B][/QUOTE]
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