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Why place denominations on non-circulating bullion???
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<p>[QUOTE="GDJMSP, post: 2784910, member: 112"]As an answer to the question - works for me.</p><p><br /></p><p>But to put it another way, it's an excuse to call them coins. And they, the mints, need to do that or they wouldn't sell enough of them to even cover their costs for making them.</p><p><br /></p><p>It works like this, most coin collectors see silver and gold rounds as being beneath them, items that are not even worth their consideration. But put a denomination on them, have the mint and country of origin declare them to be "official" coins, and they can sell them tons of them - literally !</p><p><br /></p><p>The countries that make these bullion coins do so to make profit on them - period end of story. And they know that if they do not call them coins they can't sell enough of them to even cover the manufacturing the dies, let alone all their other labor costs. The only way to make a profit is to designate them as being coins. If they do that, collectors will buy them. If they don't they won't.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2784910, member: 112"]As an answer to the question - works for me. But to put it another way, it's an excuse to call them coins. And they, the mints, need to do that or they wouldn't sell enough of them to even cover their costs for making them. It works like this, most coin collectors see silver and gold rounds as being beneath them, items that are not even worth their consideration. But put a denomination on them, have the mint and country of origin declare them to be "official" coins, and they can sell them tons of them - literally ! The countries that make these bullion coins do so to make profit on them - period end of story. And they know that if they do not call them coins they can't sell enough of them to even cover the manufacturing the dies, let alone all their other labor costs. The only way to make a profit is to designate them as being coins. If they do that, collectors will buy them. If they don't they won't.[/QUOTE]
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Why place denominations on non-circulating bullion???
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