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Why do some collectors turn there nose up at bullion coins such as ASEs & Gold Eagles
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<p>[QUOTE="krispy, post: 995496, member: 19065"]Yes, in an extreme numismatic definition this is primarily true. Govt. issued bullion coins, minted as such with denominations, have every potential to circulate and stories have arisen of ASEs being turned in and resold to customers at face value from banks while rare occasional others have been plucked from shop tills. Even so, bullion coins are not idle and certainly are circulating amongst investors, changing hands at coin shows, even being used as money by collectors trading Eagles (for instance) for other numismatic coins. Many dealers sell <i>off-quality</i> Eagles and other bullion coins at less of a mark up over spot price. While they sell those for less of a mark up, new and or bright clean BU bullion coins from previous years are being sold for more. This implies to some degree the mindset of buyers are focused not just on bullion/intrinsic aspects but that they are already responding to eye-appeal. The potential for bullion coins, I primarily mean ASEs and govt. issued bullion, as numismatics grows with time. I understand it's not a popular opinion to hold.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 995496, member: 19065"]Yes, in an extreme numismatic definition this is primarily true. Govt. issued bullion coins, minted as such with denominations, have every potential to circulate and stories have arisen of ASEs being turned in and resold to customers at face value from banks while rare occasional others have been plucked from shop tills. Even so, bullion coins are not idle and certainly are circulating amongst investors, changing hands at coin shows, even being used as money by collectors trading Eagles (for instance) for other numismatic coins. Many dealers sell [I]off-quality[/I] Eagles and other bullion coins at less of a mark up over spot price. While they sell those for less of a mark up, new and or bright clean BU bullion coins from previous years are being sold for more. This implies to some degree the mindset of buyers are focused not just on bullion/intrinsic aspects but that they are already responding to eye-appeal. The potential for bullion coins, I primarily mean ASEs and govt. issued bullion, as numismatics grows with time. I understand it's not a popular opinion to hold.[/QUOTE]
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Why do some collectors turn there nose up at bullion coins such as ASEs & Gold Eagles
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