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 Replies: 44 / Views: 4,623 |
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Bedrock of the Community
13014 Posts |
You clearly don't understand what you are talking about
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Pillar of the Community
United States
7282 Posts |
So please enlighten me in how a coin that its value is based on its precious metal content, is not bullion?
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Bedrock of the Community
United States
36826 Posts |
There are bullion coins and collector versions of those bullion coins. This Palladium coin is being issued as a collector grade coin, not a bullion version. Or have I missed something?
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Bedrock of the Community
13014 Posts |
Quote:
There are bullion coins and collector versions of those bullion coins. This Palladium coin is being issued as a collector grade coin, not a bullion version. Or have I missed something? You nailed it |
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Pillar of the Community
United States
7282 Posts |
Lets do a hypothetical. I purchase a Reverse Proof ASE and I purchase a set of 20 Bullion ASE coins. I look at the bullion coins and find 3 that are MS 70. I ship those off to a grading service and they come back MS70. Now I have a "bullion" coin that has a collector value associated with it, because its rated an MS70. That really nice reserve proof while I'm looking at it, I drop it on the tile floor and my dog attacks it as he is afraid of it. The reverse proof has a bite mark, if I try to sell I may get only melt value for it. So in this case I changed coins that are "bullion" into a collectible and I changed a coin that was a collectible into Bullion. Whether or not you pay for the premium is up to you, but to me each coin is worth only its melt value and a small premium, so each coin is really bullion. Whether you call it collectible or not is meaningless, the market decides the value of the product. As to any of these being "numismatic" is irrelevant, none of them where created as actual currency. They both have a value of $1 but the melt value is so much higher. |
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Pillar of the Community
United States
7282 Posts |
I had to laugh
"Quote:
There are bullion coins and collector versions of those bullion coins. This Palladium coin is being issued as a collector grade coin, not a bullion version. Or have I missed something?
You nailed it"
Its funny as you just agreed with me. These are collector versions of those bullion coins
Edited by hfjacinto
09/20/2019 8:51 pm
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Pillar of the Community
United States
587 Posts |
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Bedrock of the Community
13014 Posts |
Quote:
I look at the bullion coins and find 3 that are MS 70. I ship those off to a grading service and they come back MS70. Now I have a "bullion" coin that has a collector value associated with it, because its rated an MS70.
Once it's a graded 70 it's no longer just a bullion coin, it's numismatic value outweighs melt barring a huge run up in spot price that never lasts long anyways. Quote:
That really nice reserve proof while I'm looking at it, I drop it on the tile floor and my dog attacks it as he is afraid of it. The reverse proof has a bite mark, if I try to sell I may get only melt value for it. You'd still get more than melt. Quote:
So in this case I changed coins that are "bullion" into a collectible and I changed a coin that was a collectible into Bullion. Whether or not you pay for the premium is up to you, but to me each coin is worth only its melt value and a small premium, so each coin is really bullion. Whether you call it collectible or not is meaningless, the market decides the value of the product. Like I said you are just pushing your opinion as fact because that's what your opinion is. As you said the market determines the value and the market HAS shown for decades the collectors versions are NOT bullion Quote:
Its funny as you just agreed with me. These are collector versions of those bullion coins No I didn't, I knew exactly what he meant. |
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Pillar of the Community
United States
7282 Posts |
Ok, I'm good. You believe your way, I'll believe mine. I will say I did enjoy the discussion. And I hope you got no feelings of malice out of discussion, its a simple debate on semantics :)
Edited by hfjacinto
09/20/2019 9:08 pm
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Bedrock of the Community
13014 Posts |
No malice at all, I just want it to be accurately described. If you want to view them as bullion by all means do so that's your right although many versions of them you wouldn't be able to acquire. It's just when people start calling them that in a thread it could confuse someone new instead of teaching them about the different versions and letting them decide which one they want.
Edited by basebal21
09/20/2019 9:13 pm
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Pillar of the Community
United States
7282 Posts |
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Bedrock of the Community
 United States
12844 Posts |
Quote:
So please enlighten me in how a coin that its value is based on its precious metal content, is not bullion? Value is always dependent on the market. You can have your opinions on what something is worth but if there is no one to pay what you're asking or accept what you're offering, you're fooling yourself. Some people have the opinion that numismatic PM coins from the mint (proof ASEs and the like) are just bullion, but the market says you'd be hard pressed to buy a proof ASE or AGE at spot unless it is damaged. Collect what you like. Make smart decisions if you are a flipper/speculator. Above all, enjoy this hobby. |
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Valued Member
United States
425 Posts |
I stick with the original, the Liberty Head or Mercury dimes. They are quite a bit smaller, and thus far at least, quite a bit less expensive to collect, even in mint state condition. Of course, I only have four years, 1942 through 1945, all mints. |
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Pillar of the Community
United States
3546 Posts |
Quote:
...Value is always dependent on the market  totally since whenever anyone asks the value of any piece of metal it's always based upon 'whatever anyone is willing to pay for it.' Once again the market molds the offer and consequently the perceived value. |
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Posted 09/20/2019 6:52 pm
