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How can they call American Eagles "coins"? They don't even work in vending machines...
moursund
Posts: 3,207 ✭✭✭✭✭
They are beautiful bullion. Not really coins.
am
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Stop 🛑. Go immediately and google the difference between a commemorative and a legal tender coin. Then report the answer. It’s awesome 👏🏿
🎶 shout shout, let it all out 🎶
If you're interested, I'll build a vending machine that accepts your silver eagles at face value and dispenses the appropriate bag of chips or whatever.
NCLT
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Eisenhower dollars don't work in vending machines, you know.
I will... you mean the commems at NOT legal tender? I can't spend my $50 AGE for cash? I'll go read up...
apparently eagles are legal tender. but primarly bullion.
https://en.wikipedia.org/wiki/Non-circulating_legal_tender
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Commemoratives don’t have a value like $1 on them. Your $50 gold does $25 palladium $100 platinum. Lots of these questions are just a google away 🤓
🎶 shout shout, let it all out 🎶
I really wanted to ask "why do we consider buying eagles to be 'coin collecting'"...
Because they're coins and some people like collecting them. If you think about it for a minute, you'll get it.
US commemorative coins have denominations and they are all legal tender.
Worry is the interest you pay on a debt you may not owe.
Neither do Kennedy halves, in most cases. I'd also bet that some vending machines won't take silver coins either.
One word: exonumia
Numismatics is a broad field.
Coin collecting is common vernacular.
This is a semantic waste of time.
Where's @coloneljessup to explain "attention seeking"?
Does any casino have a slot machine which takes them?
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
Not so much for my own attention.... I do like to provoke some chatter... maybe I'm being too much a provocateur?
It's certainly not seeking attention for the rest of us.
Some chatter is just chatter. What is anyone going to learn from the question posed on this thread?
Ok, fair enough. My next discussion I start will be likely be about differences in strike in Morgans.
Thanks,
am
Feel free to do whatever you want. I'm just one opinion. I'm not the forum police or representative of anyone other than myself.
And for the record, some people don't consider them "coins" or any other NCLT, for that matter.
Yes, I have 2 IGT slots that are very easy to change to whatever coin or token you want to use.
There may be some newer collectors especially who have never considered these semantic issues so they might find it thought-provoking.
P.S. - cents don't work in vending machines, either, why the exception of the old Post Office stamp machines.
Glad somebody thinks so. Semantics are important and fun. And we don't want to be anti-semantic...
Better question is why coinstars spit the pre-65 stuff back out instead of accepting it and then sorting it out at corporate.
If they thought they could make money doing that, they would.
Why do they even call them Eagles?.....they don't have any feathers and they can't even fly........it's a mystery.
@moursund
What the hell are trying to do, start a rumble?
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
his·tri·on·ic
/ˌhistrēˈänik/
adjective
overly theatrical or melodramatic in character or style
noun
1.
exaggerated dramatic behavior designed to attract attention
A rumble on an electronic forum? Does that mean instead of chains and tire irons, people fight with chain emails and tired irony?
This sure sounds familiar..........
"Why would someone ask questions here when they can find the answers elsewhere?"
"When they can't find anything wrong with you, they create it!"
Ooh I know the answer! Because maybe they are looking for interesting opinions, and not answers!
... and maybe also trying to stir up a little controversy.
I do seem to have this tendency. I'm trying to get better.
I'll gladly give you face value for any you have.
Good turn of a phrase. I like it.
The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver.
People trust them more as being valuable than they do bullion not made by the mint and backed up by the government. People recognize them and are less likely to be fake than some bullion they have never seen before. And they have attractive designs.
Mr_Spud
They are coins because the United States Mint declares them to be coins and issues them. Yes, they are categorized as NCLT, and they are mainly for collectors and stackers - but U.S. coins nonetheless. Cheers, RickO
I stand corrected
🎶 shout shout, let it all out 🎶
I consider them coins, they are legal tender.