Would the forum moderator PLEASE move all BULLION threads to the "Precious Metals" forum!!
DIMEMAN
Posts: 22,403 ✭✭✭✭✭
I'm sure I am not the only "coin collector" out here that is sick and tired of all the threads about the "25th". We could not care less how many they make or how hard it is to get them or anything about them.
For crying out loud.........THEY WERE MADE YESTERDAY!!
It's all about cooking them to a pretty color and flipping them! Like they say on Sports Center "Come on Man"!!!!!
For crying out loud.........THEY WERE MADE YESTERDAY!!
It's all about cooking them to a pretty color and flipping them! Like they say on Sports Center "Come on Man"!!!!!
0
Comments
noun
1. gold or silver considered in mass rather than in value.
2. gold or silver in the form of bars or ingots.
These collector edition sets are made of the same silver as bullion coins, but they are absolutely NOT bullion coins.
Us bullion folk don't want these threads in our forum either... Unless someone is going to sell said coins to us at bullion value
And with the prices being asked, they're as much bullion as a beautiful old Thaler.
Give it time, the threads will die down eventually.
<< <i>Pokerman - You may not want them, but they ARE bullion!
Bullion is bullion regardless of premiums , point Dmeman
<< <i>Do you understand that Morgans and Peace are bullion. 90% .. >>
Thats just silly , thinking that way almost every countries coins prior to 1921 were bullion , so theres no such thing as old silver or gold coins ? Rubbsh my man..rubbish.
Morgans and Peace dollars circulated as well we all know.
<< <i>Do you understand that Morgans and Peace are bullion. 90% .. >>
No I don't understand. Maybe one or two of my peace dollars in my complete set would I think of as bullion, and absolutely none of the half dozen or so Morgans that I own would I consider as bullion.
<< <i>
<< <i>Do you understand that Morgans and Peace are bullion. 90% .. >>
Thats just silly , thinking that way almost every countries coins prior to 1921 were bullion , so theres no such thing as old silver or gold coins ? Rubbsh my man..rubbish.
Morgans and Peace dollars circulated as well we all know. >>
No. The Morgans were almost strictly bullion. They were made to please the mining interests. In
fact, you can even consider them moderns since large numbers weren't even released until after 1965.
As far as that goes the bust half dollars didn't circulate extensively initially either and were just used
as bullion to back paper.
In a very real way every coin ever made other than fiat clads and some other base metals are "mere"
bullion. Coins weren't even invented until the 7th century BC and then they were just a convenient
weight of metal for use as a standardized means to barter. It became possible to convert any commod-
ity into "money" which could be converted as use for other goods and services.
It will be mighty lonely here if all we talk about is clad.
Of course this proposal is going to prove moot anyway since it seems pretty improbable our hosts would
do anything that implies anything their customers take to be coins are not.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
I wonder why it isn't.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>Using some of the warped logic here we need to reclassify Franklins , Walkers and pre 65 Kennedys to 1/2 oz bullion presumably , quarters are gonna be what..the 1/4 oz of course..and the dime our 1/10th of 90% "bullion"...like..yeah right..who exactly makes 90% bullion anyway ? >>
You are WRONG. Those ALL circulated as US COINS...in commerce. Heck even proofs have made it into commerce and circulated as US COINS. Roll Searching Kennedy Half Dollars from Banks in the past couple of months I have found 8 Kennedy Clad Proofs! They circulate. They are US COINS. I really think you are the one with logic that does not hold up.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Just my two (25th anniversary) silver eagles.
Dennis
Like VOC Numismatics on facebook
<< <i>Put down the bong and read it again >>
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Bullion...not bullion...blah blah. You define bullion one way; I define it another way; the next collector you ask defines it yet another way.
Even if the moderators removed the threads or put them on the PM forum, there would still be plenty of other threads some of us don't like.
It's a big hobby with diverse interests. It's like a community. We have to learn to live with and help each other.
That said, I think this forum would be much more enjoyable if more people made an effort to talk about something informative, constructive, helpful...broadly interesting.
<< <i>That said, I think this forum would be much more enjoyable if more people made an effort to talk about something informative, constructive, helpful...broadly interesting. >>
That's what we rely on you for and you have not been around enough these past couple of months.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Where do we go?
<< <i>But classic commems weren't intended to circulate and aren't considered buillon.
Where do we go? >>
But they did circulate....
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>
<< <i>Using some of the warped logic here we need to reclassify Franklins , Walkers and pre 65 Kennedys to 1/2 oz bullion presumably , quarters are gonna be what..the 1/4 oz of course..and the dime our 1/10th of 90% "bullion"...like..yeah right..who exactly makes 90% bullion anyway ? >>
You are WRONG. Those ALL circulated as US COINS...in commerce. Heck even proofs have made it into commerce and circulated as US COINS. Roll Searching Kennedy Half Dollars from Banks in the past couple of months I have found 8 Kennedy Clad Proofs! They circulate. They are US COINS. I really think you are the one with logic that does not hold up. >>
There is someone here who has gotten gotten ASEs from some type of cashier that they know - $1.
<< <i>Its very simple , Morgans and Peace dollars were intended for circulation and commerce , trade etc ..currency , ASE's are not intended to circulate wnd never will at the face value all of which Morgans and Peace dollars did. >>
So commemoratives and proofs aren't coins?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Cladking - That is about the stupidest reply I have ever seen! >>
Thank you.
If you think about it though I believe you'll see it's merely the same thing you see from another perspective.
Speaking of perspective I would suggest that anyone not interested in the ASE's not to open the threads. This
removes them from your perspective nearly entirely and I find it highly effective. I've opened a few to see what
all the clamour is about and because some interest me but the rest are just waiting to fall off the first page which
they will do soon enough.
We not only have unique perspectives but we make our own. We can even step aside and see someone else's
with effort.
I'm actually hoping you find this at least a little less stupid than my previous response.
If you don't want to read those threads than just ignore them and they will eventually run their course
That way you will not have to get all bent out of shape.
If I am not interested in reading a post, that is what I do and I sleep well at night.
4.4 It is clear that some items would not be ‘bullion’ on any of the definitions. These include:
(a) collectable or proof coins which are traded based on their numismatic, commemorative or rarity value
5.2 In November 1997, AUSTRAC released AUSTRAC Guideline No. 7 – Bullion Sellers (formerly ‘CTRA Guideline No.7’) which provided the following definition of ‘bullion’:
Gold, silver, platinum group metals in the form of bars or ingots, granules of 24 carat, and bullion coins which does not include collector coins or proof coins.
"Collector coins" is a term deriving its ordinary commercial meaning.
"Proof coins" is a term deriving its ordinary commercial meaning.
"Bullion coins" is a term meaning coins of a precious metal purity of .9166 or above.
Bullion coins such as Krugerrands, Australian Gold Nugget coins*, Australian Koala coins*, Australian Kookaburra coins*, American Eagles, Canadian Maples, ‘Taels’ (Chinese ingots) which are tradable and bought and sold on the basis of quality, quantity and market price, are considered to be bullion.
7.1 AUSTRAC considers that the following definition of ‘bullion’ is appropriate for the purposes of the AML/CTF Act:
‘Bullion’ means gold, silver, platinum or palladium authenticated to a specified fineness in the form of:
(a) bars, ingots, plates, wafers or other similar mass form; or
(b) coins
which trade at a price determined by reference to the market value of the constituent metal and the authenticated fineness of the item.
‘authentication of fineness’ means commercially acceptable hallmark or stamping, or by means of the base form of an item, such as in the case of coins.
<< <i>So, you're saying the 25th Anniversary sets are precious? >>
Yes, a precious metal with a pretty design struck by the lovely US MINT as a collectible...not a US COIN for Commerce/Circulation. The US MINT has put out many items that are not US COINS.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>My thought on it is coins are coins, bullion is bars of any kind of metal.
If you don't want to read those threads than just ignore them and they will eventually run their course
That way you will not have to get all bent out of shape.
If I am not interested in reading a post, that is what I do and I sleep well at night. >>
I agree with you for the most part. You are correct. We have tried to ignore them for the past week or so but now they are really just taking over and becoming a problem. Tolerance and Acceptance is one thing but letting something take over for an entire month or so is another thing. It is not right. It is much more PRECIOUS METAL RELATED than it is US COIN RELATED...and with that, it should be in the PRECIOUS METAL FORUM.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>To commemorate the 25th Anniversary of the American Eagle Silver Coin Program, the United States Mint is proud to present this unique limited-edition set of five one-ounce American Eagle Silver Coins. This special American Eagle Silver Five-Coin Set is an exquisite collection that captures the essence and beauty of these cherished coins – in stunning proof, reverse proof, uncirculated and bullion qualities minted by the Department of the Treasury, United States Mint facilities at West Point, San Francisco and Philadelphia. The set contains one each of the following 2011 dated coins:
* American Eagle Silver Uncirculated Coin – mint mark: “W” (West Point)
* American Eagle Silver Proof Coin – mint mark: “W” (West Point)
* American Eagle Silver Reverse Proof Coin – mint mark: “P” (Philadelphia)
* American Eagle Silver Bullion Coin – no mint mark
* American Eagle Silver Uncirculated Coin– mint mark: “S” (San Francisco) >>
<< <i>Using some of the warped logic here we need to reclassify Franklins , Walkers and pre 65 Kennedys to 1/2 oz bullion presumably , quarters are gonna be what..the 1/4 oz of course..and the dime our 1/10th of 90% "bullion"...like..yeah right..who exactly makes 90% bullion anyway ? >>
"Denominations" originally were weights. "Talents", "Shekels", etc weren't denominations but weights
that became denominations. Etimologically the dollar derives from a valley in Bohemia rather than a
weight but the fact remains that it was a specific weight of silver that comprised the thaler from which
the dollar gets its name so calling something a Franklin 50c piece is the same as saying it has fifty per-
cent of a standard weight of silver. All American silver coins before 1965 were made to a standard though
that standard was tweeked once and the subsidiary coinages were a little light.
Essentially if you are on a precious metal standard then the coins are of a weight to reflect that stan-
dard. Whether you call them francs, marks, or pounds they still have the same weight. In a very real
sense almost every single precious metal coin ever made was a bullion issue.
You can't really draw a distinction between those which circulate and those which don't since many coins
did not circulate. You can draw a distinction between bulklion coins tthat are worth more as money as
opposed to the 25th annivwersary coins which are worth more as bullion but this distinction breaks down
as well since some coins that are worth more as bullion are worth more as collectibles. Certainly most
all collectors would prefer a '95-W ASE to even an entire roll of XF '21 morgans.
<< <i>Interesting laws from the Australian government web site as to what defines bullion :
4.4 It is clear that some items would not be ‘bullion’ on any of the definitions. These include:
(a) collectable or proof coins which are traded based on their numismatic, commemorative or rarity value
5.2 In November 1997, AUSTRAC released AUSTRAC Guideline No. 7 – Bullion Sellers (formerly ‘CTRA Guideline No.7’) which provided the following definition of ‘bullion’:
Gold, silver, platinum group metals in the form of bars or ingots, granules of 24 carat, and bullion coins which does not include collector coins or proof coins.
"Collector coins" is a term deriving its ordinary commercial meaning.
"Proof coins" is a term deriving its ordinary commercial meaning.
"Bullion coins" is a term meaning coins of a precious metal purity of .9166 or above.
Bullion coins such as Krugerrands, Australian Gold Nugget coins*, Australian Koala coins*, Australian Kookaburra coins*, American Eagles, Canadian Maples, ‘Taels’ (Chinese ingots) which are tradable and bought and sold on the basis of quality, quantity and market price, are considered to be bullion.
7.1 AUSTRAC considers that the following definition of ‘bullion’ is appropriate for the purposes of the AML/CTF Act:
‘Bullion’ means gold, silver, platinum or palladium authenticated to a specified fineness in the form of:
(a) bars, ingots, plates, wafers or other similar mass form; or
(b) coins
which trade at a price determined by reference to the market value of the constituent metal and the authenticated fineness of the item.
‘authentication of fineness’ means commercially acceptable hallmark or stamping, or by means of the base form of an item, such as in the case of coins. >>
Wouldn't this post be more appropriate on the darkside forum?
type2,CCHunter.
<< <i>I'm sure I am not the only "coin collector" out here that is sick and tired of all the threads about the "25th". We could not care less how many they make or how hard it is to get them or anything about them.
For crying out loud.........THEY WERE MADE YESTERDAY!!
It's all about cooking them to a pretty color and flipping them! Like they say on Sports Center "Come on Man"!!!!! >>
While we are moving stuff around lets move all those sports related threads to the sports card forum. We have one of those don't we?
I much prefer to see the 25th anniversary sets than see nonsense about football, baseball, etc...
This is the U.S. coin forum. Lets keep the threads related to things actually made at a U.S. mint!!!
<< <i>I'm sure I am not the only "coin collector" out here that is sick and tired of all the threads about the "25th". We could not care less how many they make or how hard it is to get them or anything about them.
For crying out loud.........THEY WERE MADE YESTERDAY!!
It's all about cooking them to a pretty color and flipping them! Like they say on Sports Center "Come on Man"!!!!! >>
The problem "IS" that they take up space and cause real coin threads to fall off the page.
Believe me I don't open them and read a bunch of dreck about crap from the mint and how hard they are to get!
``https://ebay.us/m/KxolR5
<< <i>The problem "IS" that they take up space and cause real coin threads to fall off the page. >>
I notice that of the threads currently on the first page, although you *did* start a thread on bullion, you didn't start any on real coins.
Just sayin...
<< <i>Put down the bong and read it again >>
<< <i>>>>Whats the problem I see like 6 threads in total on the ASE and they all are obviousily titled to what they are - so just skip them and move on. <<<
The problem "IS" that they take up space and cause real coin threads to fall off the page.
Believe me I don't open them and read a bunch of dreck about crap from the mint and how hard they are to get!
Set your settings to display 100 posts on every page and you're done.
Don't worry about it...that's all I can say. There are so many threads here that might, possibly, maybe and perhaps belong in a different sub forum. But we can't have a thousands sub forums either.
You don't find the topic interesting. A lot of what you don't find interesting other people do find interesting, and vice-versa.
Dennis
Like VOC Numismatics on facebook
There is a PM forum that those threads could go to.