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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="blsmothermon, post: 995505, member: 26158"]I agree with Krispy. I know they aren't bullion, but my sister witnessed a man purchase a bill of groceries with 20 1987 Proof Constitution Commems. She worked there and picked up one at face which is now in my collection. The rest were purchased from the register at face by the other employees and customers. It is possible for them to reach a bank or store, but rarely do they "circulate". Rather, they get instantly bought up and stashed. </p><p>The problem I have with any US coins as bullion is my definition of bullion. Bullion, to me, is precious metals whose value lies SOLELY in their intrinsic value as a precious metal. American coins of any precious metal (Platinum, gold, or silver) are all affected by condition, mintage, date, type of strike, etc. This breaks the definition of bullion to me. I know there are some dealers who buy and sell them similarly to the prices of bullion, but in most cases I would define them as numismatic items and not bullion. Despite the Mint's definitions, if the market handles them more like coins than bullion, then they are coins.[/QUOTE]</p><p><br /></p>
[QUOTE="blsmothermon, post: 995505, member: 26158"]I agree with Krispy. I know they aren't bullion, but my sister witnessed a man purchase a bill of groceries with 20 1987 Proof Constitution Commems. She worked there and picked up one at face which is now in my collection. The rest were purchased from the register at face by the other employees and customers. It is possible for them to reach a bank or store, but rarely do they "circulate". Rather, they get instantly bought up and stashed. The problem I have with any US coins as bullion is my definition of bullion. Bullion, to me, is precious metals whose value lies SOLELY in their intrinsic value as a precious metal. American coins of any precious metal (Platinum, gold, or silver) are all affected by condition, mintage, date, type of strike, etc. This breaks the definition of bullion to me. I know there are some dealers who buy and sell them similarly to the prices of bullion, but in most cases I would define them as numismatic items and not bullion. Despite the Mint's definitions, if the market handles them more like coins than bullion, then they are coins.[/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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