Does the face value on AGE & ASE's bother you.....
OldEastside
Posts: 4,602 ✭✭✭✭✭
Does the face value on AGE & ASE's bother you & do you think the Mint should drop the designation from these bullion coins?
Reason I ask, back in 1980 when I was a snot nosed leadfoot kid, I was arrested for an outstanding traffic violation that I failed
to appear on (them lights were blinking, them cops were after my hotrod lincoln) (sorry could'nt resist) any ways my brother had
to bail me out and upon release they gave me back my wallet, watch, etc.. plus $10.00 dollars and 50 cents which kinda puzzled
me at the time, since I did'nt have a cent on me when arrested, well except for a $10.00 gold certificate and a 1917 obv S walker
half dollar in a Vinyl flip that my father had given me before he passed away. They were in my wallet, when I looked for them they
were gone, so I contacted the PD and was told that any money in my possesion was to be treated at face value, I explained that
it had collector value as well as sentemental value, heck the half was clearly in marked holder. Well long story short, City Hall won.
Anyhow anyone else have any thoughts about the face value on AGE & ASE's?, I've always thought the US government has been
in denial for placing a face value on bullion coins.
Steve
Reason I ask, back in 1980 when I was a snot nosed leadfoot kid, I was arrested for an outstanding traffic violation that I failed
to appear on (them lights were blinking, them cops were after my hotrod lincoln) (sorry could'nt resist) any ways my brother had
to bail me out and upon release they gave me back my wallet, watch, etc.. plus $10.00 dollars and 50 cents which kinda puzzled
me at the time, since I did'nt have a cent on me when arrested, well except for a $10.00 gold certificate and a 1917 obv S walker
half dollar in a Vinyl flip that my father had given me before he passed away. They were in my wallet, when I looked for them they
were gone, so I contacted the PD and was told that any money in my possesion was to be treated at face value, I explained that
it had collector value as well as sentemental value, heck the half was clearly in marked holder. Well long story short, City Hall won.
Anyhow anyone else have any thoughts about the face value on AGE & ASE's?, I've always thought the US government has been
in denial for placing a face value on bullion coins.
Steve
Promote the Hobby
0
Comments
Love seeing how our taxes are used.
And yes, the face value on some of these pieces is laughable.
I knew it would happen.
<< <i>Does the face value on AGE & ASE's bother you..... >>
Nope...I don't make it a habit of carrying silver or gold on me ... only fiat currency that Sally Joe recognizes and is easily spendable.
My local B&M bought a $50 (1 ounce) AGE from a bank teller who bought it for face value of $50 out of the bank's till. She noticed it in the till and thought it might have collector value maybe over $50. She was shocked when he paid her over $1,300 for it.
<< <i>Yes it bothers me.
My local B&M bought a $50 (1 ounce) AGE from a bank teller who bought it for face value of $50 out of the bank's till. She noticed it in the till and thought it might have collector value maybe over $50. She was shocked when he paid her over $1,300 for it. >>
Of course you believed this fairy tale
<< <i>Of course you believed this fairy tale >>
Yes very much so believe. I know this dealer pretty well. Of course the question is: Do you believe me?
never had a problem spending his, uh Canadian State Quarters.
Steve
<< <i>I believe you, until you give me a real reason not to. >>
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>If the denomination of the tenth ounce AGE is $5, shouldn't the denomination of the quarter ounce AGE be $12.50? >>
Yes, but I think we copied our denominations from the Maple Leaf program.
$100. $50, $25 and $10 would have made more sense.
<< <i>
<< <i>If the denomination of the tenth ounce AGE is $5, shouldn't the denomination of the quarter ounce AGE be $12.50? >>
Yes, but I think we copied our denominations from the Maple Leaf program.
$100. $50, $25 and $10 would have made more sense. >>
Sounds like the APE's denominations.
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
Not as much as the 25¢ denomination on the ATB pucks ! ! !
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>Does the face value on AGE & ASE's bother you & do you think the Mint should drop the designation from these bullion coins?
Reason I ask, back in 1980 when I was a snot nosed leadfoot kid, I was arrested for an outstanding traffic violation that I failed
to appear on (them lights were blinking, them cops were after my hotrod lincoln) (sorry could'nt resist) any ways my brother had
to bail me out and upon release they gave me back my wallet, watch, etc.. plus $10.00 dollars and 50 cents which kinda puzzled
me at the time, since I did'nt have a cent on me when arrested, well except for a $10.00 gold certificate and a 1917 obv S walker
half dollar in a Vinyl flip that my father had given me before he passed away. They were in my wallet, when I looked for them they
were gone, so I contacted the PD and was told that any money in my possesion was to be treated at face value, I explained that
it had collector value as well as sentemental value, heck the half was clearly in marked holder. Well long story short, City Hall won.
Anyhow anyone else have any thoughts about the face value on AGE & ASE's?, I've always thought the US government has been
in denial for placing a face value on bullion coins.
Steve >>
Such an occurance would not be tolerated today and its an absolute shameful embarrassment for the Police Department where this occurred.
Stealing from you (and they DID steal from you but dug very deeply for a reasonable legal excuse) should have been a punishable offense and a good attorney making your phone call for you would have gotten your collectibles back! Perhaps even getting the charges against you dismissed in the process since neither item could have been considered "money" at the time and condition with which they were in. "Money" is not stored in a 2x2 vinyl flip and "gold certificates" had been out of print for 47 years!
The name is LEE!
Proud recipient of two "You Suck" awards
<< <i>Does the face value on AGE & ASE's bother you & do you think the Mint should drop the designation from these bullion coins?
Reason I ask, back in 1980 when I was a snot nosed leadfoot kid, I was arrested for an outstanding traffic violation that I failed
to appear on (them lights were blinking, them cops were after my hotrod lincoln) (sorry could'nt resist) any ways my brother had
to bail me out and upon release they gave me back my wallet, watch, etc.. plus $10.00 dollars and 50 cents which kinda puzzled
me at the time, since I did'nt have a cent on me when arrested, well except for a $10.00 gold certificate and a 1917 obv S walker
half dollar in a Vinyl flip that my father had given me before he passed away. They were in my wallet, when I looked for them they
were gone, so I contacted the PD and was told that any money in my possesion was to be treated at face value, I explained that
it had collector value as well as sentemental value, heck the half was clearly in marked holder. Well long story short, City Hall won.
Anyhow anyone else have any thoughts about the face value on AGE & ASE's?, I've always thought the US government has been
in denial for placing a face value on bullion coins.
Steve >>
I was arrested once for driving under suspension (I paid the ticket, but license got suspended by accident). Was found not guilty obviously. In my wallet is a $1 bill that I found in my grandfathers wallet after he has passed away. It was tucked in a small corner of his wallet. Some kid (I presume) had written... "Anyone who keeps this dollar in their wallet will become rich and famous" Well, I had to keep it after seeing it being in his wallet. They found it in a corner of my wallet, and I explained to the registration officer, and he simply folded it back up, and slipped it back into the wallet. They took the rest of my cash, and paid me out upon release.
<< <i>
<< <i>
<< <i>If the denomination of the tenth ounce AGE is $5, shouldn't the denomination of the quarter ounce AGE be $12.50? >>
Yes, but I think we copied our denominations from the Maple Leaf program.
$100. $50, $25 and $10 would have made more sense. >>
Sounds like the APE's denominations.
Yes. They learned from their earlier mistake.
Honestly, I don't pay attention to it. I'd rather have a $1 silver eagle than a $5 silver maple.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Does the face value on AGE & ASE's bother you.....
Not as much as the 25¢ denomination on the ATB pucks ! ! !
HH >>
Agreed with that. Why didnt they at least put a $25 face on them. Canada puts a $5 face on the Maple Leaf 1 oz.
Knowledge is the enemy of fear
<< <i>There was a case out in California or Utah a few years where a business was paying their employees in AGE's but only reporting the $50 face value of the coins as income etc for tax reporting. Of course they were convicted and sentenced stiffly. The $ value on the coins is meaningless even in the eyes of the government. >>
There would have been no significant convictions or penalties had the same persons paid their taxes in face value AGE's (ie $50/oz). But they didn't.
The low face values stamped on US coinage will come in handy some day.....but not for J6P.
roadrunner
<< <i>Does the face value on AGE & ASE's bother you.....
Not as much as the 25¢ denomination on the ATB pucks ! ! !
HH >>
It limits your loss if the price of silver goes below five cents an ounce.
My Adolph A. Weinman signature
