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 Replies: 35 / Views: 3,629 |
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Valued Member
United States
60 Posts |
A topic shamelessly lifted from www.cointalk.com. A pretty lively discussion over there.
I collect ASEs and I'll weigh in that they are indeed coins.
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Moderator
 United States
187662 Posts |
Of course they are coins: the have a denomination, are produced by the US Mint, and have legal tender status!  |
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Pillar of the Community
United States
5318 Posts |
If somebody wants to pay me face in ASEs, I won't stop them. |
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Pillar of the Community
United States
3077 Posts |
why wouldnt they be coins ?
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Moderator
United States
187662 Posts |
I await the posts saying they are not.  |
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Pillar of the Community
United States
2049 Posts |
I would say they are coins. They are graded by places like NGC, PCGS, etc and their info is listed in the Red Book so that's good enough for me. :) |
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Pillar of the Community
United States
1807 Posts |
What heading is that topic under? I can't find it over on coin talk.
Never mind I found it....
Edited by rockdude
01/26/2009 3:44 pm
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Valued Member
 United States
60 Posts |
A sample of no coin votes from CT:
It does not circulate
Nobody spends them or gets them in change
By definition they are bullion coins
....aren't bullion coins, commemoratives and proof coins minted only for collectors or investors and not meant to circulate? I can't imagine trying to spend a silver eagle
Do british sovereigns circulate? Nope
Are they coins ? Yes, they meet every technical requirement. But are they real coins ? No, not in any way shape or form.
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Moderator
United States
187662 Posts |
Quote:
It does not circulate I suppose any commemorative issue is not a coin either? Quote:
Nobody spends them or gets them in change I recall more than one person claiming to have gotten one in change!  Quote:
By definition they are bullion coins Uh? Not coins, but bullion coins? This is an argument on intended use; NCLT are still still coins! |
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Pillar of the Community
United States
3077 Posts |
quacks like a duck in my book
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Pillar of the Community
United States
1031 Posts |
The Red Book says that "The silver eagle is a 1-oz. bullion coin with a face value of one dollar.". A coin is a coin regardless if it circulates or not. |
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Pillar of the Community
United States
2661 Posts |
Quote:
A sample of no coin votes from CT:
It does not circulate
Nobody spends them or gets them in change I beg to differ my friend. Myself and one of the guys at work went to the local gas station about 3 weeks ago, and he got a 1999 ASE back in change. The cashier asked him if he would take the "big silver lookin dollar" that some guy gave her a few minutes ago. She did not want it in her register. Thought the owner would get mad at her for taking it in a cash transaction. I almost came over the top of him when she held it up. He knew that if I wanted it that bad he had better take it. |
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Pillar of the Community
United Kingdom
1077 Posts |
I think people are getting hung up on different kinds of coins.
And the definition of what is a coin.
Technically of course they are coins. However, lots of people, myself included, like to think of "proper coins" as those used in circulation. And that is the distinction that is being argued.
They occasionally may end up in circulation as do the £5 coins in the UK, but they are NCLT and not proper "circulating" coins.
They are definitely coins though. They have a denomination on them (however meaningless that might be in true monetary value)
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Pillar of the Community
United States
2734 Posts |
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"Nobody spends them or gets them in change" This is my "lucky" 1989 ASE that I bought out of a 7-11 cashier's drawer (with a $1 bill) in 1993. It's my lucky pocket coin, always carried in a flip. He was glad to be rid of it, and he thanked me for buying it out of the drawer! It's never rubbed against any other coins in my pocket, as I started carrying it in 2008, always in a flip, and never in the same pocket with my general use pocket change, so the condition you see here is "as received in 1993".. I scanned it large enough so when you click on the image you can see how banged up it is from its 'drawer time'. You can see a bit of the rim dings on the reverse, but they're more obvious on a side view.   Quote:
KurtS: "If somebody wants to pay me face in ASEs, I won't stop them." You couldn't stop them! They're legal tender, you'd have to accept them! Edited by DNA
01/26/2009 10:52 pm
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Valued Member
United States
369 Posts |
Man, I could see someone spending a "large dollar coin" not knowing what it is, and not caring to take the time to find out. But it says "1 OZ. Fine Silver!" Who would spend a coin, collector or not, that says that it's "Fine Silver!?"
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Rest in Peace
United States
2668 Posts |
Just about anybody living in Detroit.
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Replies: 35 / Views: 3,629 |
Posted 01/26/2009 3:05 pm
