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Are SAE's real coins....???
Gemineye
Posts: 5,374 ✭
...are they real coins or are they Bullion or just ..Fantasy pieces...???..They aren't a circulated issue series ..so..just what are they..??
......Larry........
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-Paul
Still weighs 31.1 grams.
So they are legal tender but not designed for commerce. Some definitions of "coin" require the item to be intended for commerce, so there has been some debate on this.
<< <i> Some definitions of "coin" require the item to be intended for commerce, so there has been some debate on this.
>>
There hase been alot of that lately....!!!!
If the former, then I guess that is par for course for the forum in lately.
If the latter, then they are coins sold based on bullion value, though, I think you know this already. As Paul says, they are NCLT (ie....their intrinsic bullion value is higher than the authorized denomination that they are issued as, and, as they put out by the USMint, and monetized, they are legal tender (ie....coins).
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
scroll down mid page, see TITLE II - LIBERTY COINS, by law, they are coins.
"Keep your malarkey filter in good operating order" -Walter Breen
This rules out practially all NCLT.
But I am a little puzzled on how to treat escaped proof coins received in change at face.
<< <i>If a coin or paper money is not available originally at face, but only at a premium, then it is not real money (medium of excange) to me.
This rules out practially all NCLT.
But I am a little puzzled on how to treat escaped proof coins received in change at face. >>
For your reasoning, you can treat escaped proofs using your first definition and ask whether the proofs originally available at face value? I assume it would probably be good to use the general distribution method as opposed to special circumstances (e.g. escaping). Is there a reason that wouldn't work?
<< <i>If a coin or paper money is not available originally at face, but only at a premium, then it is not real money (medium of excange) to me.
This rules out practially all NCLT.
But I am a little puzzled on how to treat escaped proof coins received in change at face. >>
The neat thing about the hobby is that you can treat it how you want. By and large, however, most others WILL accept NCLT as coins.
"Real money" to you, sounds like only coinage actually released into circulation. Not even proofs, much less "escaped" proofs, since proofs weren't released at "face value".
So, you prefer to collect, and consider, only coinage released into circulation. More power to you
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>Some definitions of "coin" require the item to be intended for commerce, ........... >>
So, I guess commemoratives 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>I think once the metal value far exceeds the denominated value at the time of issue, by intention, the piece is not a coin. >>
If it's issued by a government authority, it has a denomination, and it's legal tender by law, then it's a coin irrespective of its initial issue price.
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>Are SAE's real coins....??? >>
Maybe your are confusing what is a coin and what is considered money?
<< <i>Receive these in my change all the time, of course they're real
Still weighs 31.1 grams.
All The Time?? I would be curious as to what you mean as getting them all the time. I'm sorry but I find this hard to believe.
My Original Song Written to my late wife-"Plus other original music by me"
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U.S. Army Veteran 1/11 ACR Fulda, Germany
<< <i>Wondering if you just want to start arguments/debates or are actually wondering.
If the former, then I guess that is par for course for the forum in lately.
If the latter, then they are coins sold based on bullion value, though, I think you know this already. As Paul says, they are NCLT (ie....their intrinsic bullion value is higher than the authorized denomination that they are issued as, and, as they put out by the USMint, and monetized, they are legal tender (ie....coins). >>
I think you answered my question and the answer to the entire Debate......they are Monetized which is the key word..
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<< <i>Receive these in my change all the time, of course they're real
Still weighs 31.1 grams.
All The Time?? I would be curious as to what you mean as getting them all the time. I'm sorry but I find this hard to believe. >>
...i was wondering when this question would be asked.
<< <i>Perhaps a duel with loaded pistols at 10 paces would settle this question. >>
Yes, but are dueling pistol considered real pistols?
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<< <i>Some definitions of "coin" require the item to be intended for commerce, ........... >>
So, I guess commemoratives aren't coins.
Boo-ya!
The name is LEE!
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<< <i>Receive these in my change all the time, of course they're real
Still weighs 31.1 grams.
All The Time?? I would be curious as to what you mean as getting them all the time. I'm sorry but I find this hard to believe. >>
I think he's just showing folks his pocket piece.
The name is LEE!
Bullion coins such as American Eagles are clearly stores of value, but not (as a practical matter) mediums of exchange.
Circulating coins are clearly mediums of exchange, but not typically stores of value (although in these inflationary times cents and nickels partially qualify).
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<< <i>Receive these in my change all the time, of course they're real
Still weighs 31.1 grams.
All The Time?? I would be curious as to what you mean as getting them all the time. I'm sorry but I find this hard to believe. >>
I think he's just showing folks his pocket piece. >>
Guess that just flew over my head. lol Thanks!
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
U.S. Army Veteran 1/11 ACR Fulda, Germany
<< <i>"Medium of exchange" is not the only defining characteristic of coins. There is also "store of value."
Bullion coins such as American Eagles are clearly stores of value, but not (as a practical matter) mediums of exchange.
Circulating coins are clearly mediums of exchange, but not typically stores of value (although in these inflationary times cents and nickels partially qualify). >>
Gold bars are also stores of value.
As mentioned above, ASE's are legally considered coins in the US. How collectors consider them seems to differ.
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<< <i>Receive these in my change all the time, of course they're real
Still weighs 31.1 grams.
All The Time?? I would be curious as to what you mean as getting them all the time. I'm sorry but I find this hard to believe. >>
I think he's just showing folks his pocket piece. >>
Guess that just flew over my head. lol Thanks! >>
i think you had it right the first time bsshog. thats the way it read. maybe just a typo
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
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<< <i>Receive these in my change all the time, of course they're real
Still weighs 31.1 grams.
All The Time?? I would be curious as to what you mean as getting them all the time. I'm sorry but I find this hard to believe. >>
I think he's just showing folks his pocket piece. >>
Guess that just flew over my head. lol Thanks! >>
i think you had it right the first time bsshog. thats the way it read. maybe just a typo >>
Actually, I was going to expound upon the appearance of the coin since "pocket wear" gets imparted with what the Silver Eagle is displaying. Lots of hits and nicks where it looks like metal is being pushed around but not a lot of actual wear. I've obververed the same appearance with some 40% Silver Ikes and to a lessor degree with the Copper Nickel clad coins due to the hardness of the alloy.
The name is LEE!
<< <i>Eagles are, by definition, tokens. Tokens are a symbol or facsimile of a coin but not used in commerce that can, but not necessarily, be made by private industry but can also be produced by governments. Although these "tokens" are monetized, they are not used in commerce, hence they would have to be tokens. >>
ASE = Legal tender = coin
token = NOT legal tender = Not a coin
Therefore, ASE = NOT a token
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>ASE = Legal tender = coin
token = NOT legal tender = Not a coin
Therefore, ASE = NOT a token >>
If you give one away, couldn't it be considered a token of your esteem?
You nailed it 19Lyds, my 6 pocket pieces go everywhere I go, never leave home without em
Am I a Real Conservative, a Real Liberal, or a Real Moderate? trying to decide which label to categorize some of this stuff keeps me up at night...
not.
An ASE is what it is. humans are free to percieve it in whatever way pleases them (or challenges them, or makes them angry, or baffles them)
damn, now I've wasted another two of my precious minutes. and you've wasted the seconds you spent reading this. I apologize.
Liberty: Parent of Science & Industry
I wonder, has anyone ever tried to pay for a coffee or burger with ASE's? What kind of response do you think you'd get? I think the majority of businesses would NOT except them. JMO
<< <i>I always have my '99 with me.
I wonder, has anyone ever tried to pay for a coffee or burger with ASE's? What kind of response do you think you'd get? I think the majority of businesses would NOT except them. JMO >>
Try it and let us know how it works!
<< <i>When they are TONED they are...... at least this person thinks so (That Braddict sure likes them red ones) TONED >>
Anyone know how to get colors like that? I've been wondering this for a while since there seem to be a lot of ASEs with strong colors.
I also think there's a certain amount of symmetry that both Morgan and ASE dollars tone with monster colors.
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ASE = Legal tender = coin
token = NOT legal tender = Not a coin
Therefore, ASE = NOT a token >>
ASE's are monetized, I'll give you that, but they're certainly NOT legal tender. Legal tender is a item used for all debts, public and private. ASE's are not used for debts nor are they used in commerce, they are anything BUT a coin, therefore, they must be tokens.
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<< <i>When they are TONED they are...... at least this person thinks so (That Braddict sure likes them red ones) TONED >>
Anyone know how to get colors like that? I've been wondering this for a while since there seem to be a lot of ASEs with strong colors.
I also think there's a certain amount of symmetry that both Morgan and ASE dollars tone with monster colors.
I dunno, but since this one sold for 1009.00 perhaps some folks are working on a duplicate?
<< <i>ASE's are monetized, I'll give you that, but they're certainly NOT legal tender. Legal tender is a item used for all debts, public and private. ASE's are not used for debts nor are they used in commerce, they are anything BUT a coin, therefore, they must be tokens. >>
Pre-1965 silver dimes, quarters, halves and dollars are not used for debts nor are they used in commerce, they are anything BUT a coin, therefore, they must be tokens.
But I'm sure Pat Accepts Returns...
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Take Care, Dave
Can't say NO loud enough!!!!!