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If someone offered you modern US bullion coins as payment for a debt...

291fifth291fifth Posts: 24,709 ✭✭✭✭✭
in U.S. Coin Forum
... would you accept them?

How would you value them?


All glory is fleeting.

Comments

  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>... would you accept them? How would you value them? >>



    If they are just bullion I would call my local dealer, get his buy price, lock in the deal, and give that much credit. --Jerry
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    Probably so, at least if I had reason to trust their authenticity. I'd probably take them for about 5-10% below melt.
  • Steve27Steve27 Posts: 13,275 ✭✭✭
    Yes, I would value them at the same price I could get selling them locally.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    I could be a scum sucker and value them at face.................

    or.................


    Current spot value for bullion but I would certainly accept them.

    BTW, anybody want some IKEs? I'll accept 2008 Reverse of 07 SAEs in trade. image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    I would gladly take them for the face value printed on them. image
    imageQuid pro quo. Yes or no?
  • RWBRWB Posts: 8,082 ✭
    Value them just as you would any other commodity offered in barter. How many chickens, or tons of popcorn, or pork bellies, etc. compensate for the debt? Don’t forget to factor authentication, carriage risk, and your conversion cost into something you can spend.
  • storm888storm888 Posts: 11,701 ✭✭✭
    "If they are just bullion I would call my local dealer, get his buy price, lock in the deal, and give that much credit. --Jerry"

    //////////////////////////////////////////////

    Yup.

    No reason not to accept them; they work like "money."
    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • engravedengraved Posts: 185 ✭✭
    I would accept them at the rate that I can sell them to my local dealer minus some amount for the hassle and my time.
    Always interested in nice love tokens and engraved coins.
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>I would accept them at the rate that I can sell them to my local dealer minus some amount for the hassle and my time. >>



    Why should you charge for hassle? We aren't allowed to charge for any of the costs associated with shipping. We should ship for exactly what the USPS charges us and anything else (gas, time, packaging materials, printing supplies, etc) is a "cost of doing business". --Jerry
  • BillyKingsleyBillyKingsley Posts: 2,661 ✭✭✭✭
    But then they wouldn't be NON-circulating legal tender anymore! image
    Billy Kingsley ANA R-3146356 Cardboard History // Numismatic History
  • dohdoh Posts: 6,457 ✭✭✭
    5-10% below melt sounds about right.
    Positive BST transactions with: too many names to list! 36 at last count.
  • JapanJohnJapanJohn Posts: 2,030 ✭
    As long as they were mint bullion and not something stupid like Liberty Dollars.

    Not long ago I traded a camera for an ounce of old gold. I'm content with how it worked out and would do it again in a minute.

    John
    Coin Photos

    Never view my other linked pages. They aren't coin related.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,623 ✭✭✭✭✭


    << <i>... would you accept them?

    How would you value them? >>



    Graciously and generously

    ``https://ebay.us/m/KxolR5

  • SaorAlbaSaorAlba Posts: 7,593 ✭✭✭✭✭
    I'd rather take gold or silver bullion than the stupid Zimbabwesque Dollars that keep losing value.
    Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
  • engravedengraved Posts: 185 ✭✭


    << <i>

    << <i>I would accept them at the rate that I can sell them to my local dealer minus some amount for the hassle and my time. >>



    Why should you charge for hassle? We aren't allowed to charge for any of the costs associated with shipping. We should ship for exactly what the USPS charges us and anything else (gas, time, packaging materials, printing supplies, etc) is a "cost of doing business". --Jerry >>



    I would charge for the time because I don't want to own the bullion. I would like to be paid in cash. The person paying their debt could also sell to the dealer and then pay me in cash. However, they are essentially asking me to do this instead of them. My time is valuable so I should be recompensed for my time spent on something the debtor should do themselves.
    Always interested in nice love tokens and engraved coins.
  • CladiatorCladiator Posts: 18,256 ✭✭✭✭✭
    I would accept them for their face value denomination. $1 credit given for each silver eagle and so on.
  • DoubleEagle59DoubleEagle59 Posts: 8,379 ✭✭✭✭✭
    Of course I would accept them.

    I'd value them at 100% (current kitco.com price).
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    If common bullion... twelve percent below melt. Cheers, RickO
  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭
    money is money after all, sure why not
    " YOU SUCK " Awarded 5/18/08
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    Why not???

    Better than cash in these days of rising inflation, falling dollar and falling equities.

    Value at melt, or melt minus a couple percent if you want to be brutal.

    John

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • COINB0YCOINB0Y Posts: 4,505
    What John said.
  • MrEurekaMrEureka Posts: 24,421 ✭✭✭✭✭
    If the alternative is not getting paid, the answer should be pretty obvious.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • lope208lope208 Posts: 1,960 ✭✭
    Isn't this one of the primary purposes OF bullion?
    Successful BST transactions:
    commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
    -------------------------
  • SaorAlbaSaorAlba Posts: 7,593 ✭✭✭✭✭
    The way things are going lately with the dollar, I don't believe a discount is in order if someone wants to tender bullion in payment, perhaps an advance of a couple of percentage points might be more the order of the day.
    Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    I'd say the market has been all over the place, if they would accept the 2 month low sure. Otherwise take it to a dealer and get 10% back of current pricing and pay up. image
  • GemineyeGemineye Posts: 5,374 ✭


    << <i>... would you accept them?

    How would you value them? >>



    If someone offered you the equivalant of copper as payment for a debt...would you accept that as payment..???..Is that any different than bullion..???
    ......Larry........image
  • SaorAlbaSaorAlba Posts: 7,593 ✭✭✭✭✭


    << <i>

    << <i>... would you accept them?

    How would you value them? >>



    If someone offered you the equivalant of copper as payment for a debt...would you accept that as payment..???..Is that any different than bullion..??? >>



    Yes, in pre-1982 pennies at face, you betchaimage I just retired about 600 of them this afternoon. And got 9 Wheats, and a 1946 Canadian GVI cent for the search.
    Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
  • 291fifth291fifth Posts: 24,709 ✭✭✭✭✭


    << <i>

    << <i>... would you accept them?

    How would you value them? >>



    If someone offered you the equivalant of copper as payment for a debt...would you accept that as payment..???..Is that any different than bullion..??? >>



    I would not accept copper. Too bulky and heavy.

    I would accept bullion, but at a discount of at least 12% from melt value. Any numismatic premiums would be ignored.
    All glory is fleeting.

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