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 Replies: 12 / Views: 1,968 |
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Valued Member
United States
467 Posts |
The general view has always been that bullion is bullion and that coin collecting generally is for collecting either circulating coinage or NCLT commemorative (as opposed to NCLT bullion). Now that ASE and Maple Leafs are decades old, and the whole world is catching on to releasing bullion series, often with yearly changing designs, there is a fast growing niche of collecting bullion from a collecting state of mind, rather than collecting bullion from just a bullion stacking point of mind. Often it is challenging to determine the most appropriate place to post various world bullion questions and series where other posters with similar interests will see the post and have an opportunity to respond. The Precious Metals and Bullion category is clearly intended by design (or by use) to be about bullion collecting from a precious metal standpoint, not about collecting bullion from a numismatist approach. There is a current category each for US, Canadian and Australian "Commemorative and NCLT", so I am clear on those. For every other country in the world, there is the World Coins area. But the World Coin category does not actually use "NCLT" in the title of the category. It only lumps World Coins and Commemorative together. I am wondering that location that would still be the most appropriate location for series of silver bullion (from a collector standpoint not a stacking standpoint). If so I will, though I would suggest perhaps NCLT could be added to the title. Another thought would be whether there is enough demand to have a single location in the same area as the Precious Metals (or in the World Coin area), that is specific to Worldwide Bullion Series collecting. I am not sure if I am mostly alone out there in niche of collecting. I know many people do not view bullion collecting as true coin collecting and will never view bullion as anything but bullion. But maybe there are enough other niche collectors to create enough interesting dialogue for a sub-category. I don't know that answer. So I am looking for thoughts from others who collect world bullion year series, and like to discuss world wide bullion collecting, on where they find they are most successful at posting threads that get attention and discussion from other like minded posters. Thanks for any thoughts
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Pillar of the Community
United States
1450 Posts |
The American Silver Eagle has been minted since 1986 so I think it has bridged the collectable vs just bullion category.
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Valued Member
 United States
467 Posts |
Thanks Terry, I agree. However, judging by response, I would say world bullion collecting outside of the ASE or Maple Leaf may not have caught on yet. I think it will one day as more and more of these series grow in age. |
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Moderator
 United States
54280 Posts |
Does a bullion coin/round have to have a date, or be issued in more than one year to fall into the collectible category, in your opinion?
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Valued Member
United States
467 Posts |
The general answer is no, that is up to the person collecting.
Since you asked my opinion, the answer is yes, for a series collection.
But to collect as a series, yes, in my opinion, for my own collection, it must extend 2 or more years, preferably (but not required) to run consecutively.
Also, for my purposes-- it must be NCLT and include a date and have some monetary value besides melt. The only exception I have made so far in my own collection is the Libertad because it is so established.
If you are putting together a type set, maybe not. I plan to put together a 2016 bullion silver 1 oz type set, as an example, which willhave all the series in it- plus the "one off" coins.
Edited by crazyglue
02/06/2017 1:09 pm
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Pillar of the Community
United States
4867 Posts |
I feel bullion rounds are coins when they have a date. If there is NO date then I would just classify them as rounds. Where they can be discussed is uncertain. Technically the silver maples are coins and I would say could either be discussed in a NCLT or Bullion forum. But of course I don't make the rules.
Edited by TheForce
02/06/2017 2:37 pm
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Pillar of the Community
Canada
3692 Posts |
Guv't rounds can certainly be collected and viewed as coins with a set mintage. The proof is in Canadian proof maple leaves with the special mintmarks, look at how diverse Kookaburras are, and talk to anyone who collects Chinese pandas. Just don't fall into the trap of thinking it's anything other than an ounce of silver or gold. And I pray you don't believe the dollar amount coined on each round is legitimate just because the gov't said so. In that sense, silver is silver and gold is gold, otherwise 5 Canadian dollars magically equal 1 American dollar, and Mexican Pesos magically cease to exist.
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Valued Member
United States
467 Posts |
Quote:
Just don't fall into the trap of thinking it's anything other than an ounce of silver or gold. I agree and I disagree. I agree that if there is no demand from a collector point of view, then it has no value outside its base metal. However, I disagree, in that the whole point of the post was to question whether bullion has become something more than just an ounce of silver, based on achieving a collector base? A 1932 D Washington quarter will never be more than 25 cents, or the value of it's silver melted...but at the same time it is more, because there is demand for it from a collector base. If the demand from a collector base gives a 2011 Ukraine 1 oz silver bullion coin a $100+ cost, then it is more than just an ounce of silver. |
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Valued Member
United States
493 Posts |
I collect modern bullion, in other forums I've seen they just make a bucket and inside that bucket they make other buckets labeled libertad, panda, ASE, Kookabura, etc. I think it's just a way to help try and control the chaos I guess. |
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Valued Member
United States
467 Posts |
I think that's a cool approach
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Pillar of the Community
United States
869 Posts |
I think this may speak to what the OP had in mind to an extent. I too collect both coins and bullion. For stacking purposes I'll buy bars and generics and just stash them away. But to showcase the artistic beauty of the govt. minted and many of the private minted rounds, I'll store either a single example, or a series of consecutive dates in Dansco coin albums. This way I can easily admire them as collectables and share that with friends and family as a modest little collection. They're not going to see, or know about the rest of the stash . .  |
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Valued Member
United States
343 Posts |
Bullion coin stacking is what got me into coin collecting in the first place. I actually prefer it to coins, as any coin worth more than junk is out of my price range. However, I can buy very nice bullion coins and know they will always be worth at least close to what I paid. I see how some people wouldn't consider it coin collecting, as I'd never spend one as a coin.
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Pillar of the Community
United States
4211 Posts |
I'm with you crazyglue. World bullion is my absolute favorite thing to collect and I wholeheartedly disagree that "silver is silver and gold is gold". If that were true a 1995W Silver Eagle would not sell for $3,500 + I consider a coin a fit for my world bullion collection when it is issued and backed by a government. When I started collecting world bullion I never even thought of collecting silver "rounds" but when Provident came out with the Privateers I started a separate "rounds" collection and I am happy I did. (Never thought I'd own ANY "rounds") I don't buy silver to "stack". My goal is to someday become a world bullion "bullionaire".  I will try and get some pictures to your thread when things slow down a little in my world. I Promise.... |
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Replies: 12 / Views: 1,968 |
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Posted 02/06/2017 12:50 pm
