Bullion vs. Collectable Coin --- UPDATED IN FIRST POST

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  • jmlanzaf
    jmlanzaf Posts: 43,072 ✭✭✭✭✭
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    @MWallace said:

    @MasonG said:

    @MWallace said:
    WOW!! Just WOW!!

    Kind of what I thought about your message to the seller, wanting to return the coin but not being willing to actually ask.

    You are 100% incorrect. You don't even know me. BTW, what did I write to the seller? How would you know what I said? I knowingly bought the coin knowing there were NO Returns. I'm owning it but won't make that mistake again. I couldn't be easier to deal with.

    You said earlier in this thread that you contacted the seller but didn't ask to return it. [Not that there's anything wrong with that. ]

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • MasonG
    MasonG Posts: 7,590 ✭✭✭✭✭
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    @MWallace said:

    @MasonG said:

    @MWallace said:
    WOW!! Just WOW!!

    Kind of what I thought about your message to the seller, wanting to return the coin but not being willing to actually ask.

    You are 100% incorrect. You don't even know me. BTW, what did I write to the seller? How would you know what I said?

    Because you told us?

    @MWallace said:
    I sent the seller a message this past Friday. I basically told them the problem and that I knew it was a No Return purchase on bullion. I didn't ask to return it.

  • crito_is_baaack
    crito_is_baaack Posts: 130 ✭✭✭
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    @derryb said:

    @crito_is_baaack said:

    Then there's the Royal Candian Mint BARS that are legal tender.
    https://www.jmbullion.com/1-2-oz-royal-canadian-mint-legal-tender-gold-bars-new-w-assay/

    Not all coins are round.

    Then I suppose bars can be round. It's all so confusing.. :confounded:

  • MWallace
    MWallace Posts: 4,683 ✭✭✭✭✭
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    @MasonG
    You said that in my message to the seller I was "wanting to return the coin but not being willing to actually ask."

    I did not ask to return it, you don't know me, and you don't know my motives, which there were none. You are putting words in my mouth and think you know why I wrote what I wrote. You couldn't be more wrong. I'd appreciate it if you'd kindly leave me alone. Please.

  • MasonG
    MasonG Posts: 7,590 ✭✭✭✭✭
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    If you don't want to read my posts, there is an "Ignore List". I would advise adding my id to it.

  • MWallace
    MWallace Posts: 4,683 ✭✭✭✭✭
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    @MasonG

    Have a nice holiday season. I've done nothing to deserve the way you've talked to me. There's no place for that on this board. No need to respond to me, you've been marked IGNORE.

  • MilesWaits
    MilesWaits Posts: 5,598 ✭✭✭✭✭
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    Two things. One is that when you come here with an issue towards a seller (many experienced sellers and dealers here, I dig it) expect to be questioned in all directions. Otherwise, keep it to yourself. This is a forum.
    Secondly, try to avoid being overly sensitive. It will allow you the learned ability to listen to many of our experienced members here.

    Now riding the swell in PM's and surf.
  • JBK
    JBK Posts: 17,880 ✭✭✭✭✭
    edited December 12, 2021 5:39PM
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    @MilesWaits said:
    Secondly, try to avoid being overly sensitive. It will allow you the learned ability to listen to many of our experienced members here.

    Uhhh. The OP is one of the "experienced members here."

    The respondent in question stopped discussing the issue/question at hand some time ago and started making it personal. That can happen sometimes but when it does the focus needs to be redirected.

  • MWallace
    MWallace Posts: 4,683 ✭✭✭✭✭
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    Updated in first post.

  • mrcommem
    mrcommem Posts: 1,214 ✭✭✭✭✭
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    @JBK said:

    @mrcommem said:

    @JBK said:
    Bullion is in the eye of the beholder.

    As for business strike SEs, it"s fair to call them bullion when raw, but when someone has paid to have it slabbed they intended it to be a collectable.

    So, the dealer can't have it both ways (apart from whatever rules ebay might have).

    Just because it is graded and put in plastic with First Strike or First Day or other nonsensical designations doesn't change the fact that they are just bullion and are only worth SE bullion price.

    Factually incorrect. Just check prices of various slabbed SEs (MS70, etc.), or of some earlier dates, the 1996 in particular.

    Go ahead and take you super slabbed designated, First Strike, MS70 coin you bought from some slick TV crook and see how much you get for your "collectable".

    Mr Commem
    Overland Trail Collection Showcase
    Dahlonega Type Set-2008 PCGS Best Exhibited Set
  • JBK
    JBK Posts: 17,880 ✭✭✭✭✭
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    @mrcommem said:

    @JBK said:

    @mrcommem said:

    @JBK said:
    Bullion is in the eye of the beholder.

    As for business strike SEs, it"s fair to call them bullion when raw, but when someone has paid to have it slabbed they intended it to be a collectable.

    So, the dealer can't have it both ways (apart from whatever rules ebay might have).

    Just because it is graded and put in plastic with First Strike or First Day or other nonsensical designations doesn't change the fact that they are just bullion and are only worth SE bullion price.

    Factually incorrect. Just check prices of various slabbed SEs (MS70, etc.), or of some earlier dates, the 1996 in particular.

    Go ahead and take you super slabbed designated, First Strike, MS70 coin you bought from some slick TV crook and see how much you get for your "collectable".

    I don't buy that crap. But in any case, let's turn it around. Why don't you walk into your local coin store and tell them you want 1996 SEs at bullion value. ;)

  • Type2
    Type2 Posts: 13,985 ✭✭✭✭✭
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    You could have when they first came out. Well maybe $2 over spot.



    Hoard the keys.
  • Exbrit
    Exbrit Posts: 1,516 ✭✭✭✭
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    @Che_Grapes said:
    I wish grading companies wouldn’t even grade bullion non-numismatic coins ... they are intended for investment, not collectors.
    Why would you buy a bullion coin intended for investment and have it graded as if it was numismatic?
    Just for money I guess but I do wish investment coins were not legal tender and not treated as collectibles.

    What about the ones that circulated as legal tender in the day, but are now bullion only coins and the series that you collect stratles both circulated and non-circulated?

  • vulcanize
    vulcanize Posts: 1,418 ✭✭✭✭✭
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    @JBK said:
    Why don't you walk into your local coin store and tell them you want 1996 SEs at bullion value. ;)

    My kid and I embarked on an ASE quest for the Dansco and got the 1996 ASE in the raw for 60$ last year.
    It was right around the time when the silver prices had spiked like crazy and most 1 oz. silver bars were selling for upwards of 35 bucks on eBay. I thought it was not that too bad of a score!!! :)

    https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091

  • JBK
    JBK Posts: 17,880 ✭✭✭✭✭
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    @Type2 said:
    You could have when they first came out. Well maybe $2 over spot.

    And 1909SVDB cents only cost one cent in 1909. ;):D

  • mark_dak
    mark_dak Posts: 1,161 ✭✭✭✭✭
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    And this is why I don't pay premiums on modern items such as ASE's or AGE's... I steer clear unless near metal content value. Nearly every example gets slabbed/saved. Purchased and stacked a bunch of modern US Commemorative gold at melt before the run-up in gold but was purchasing as "bullion" at the time. I'll purchase pre-1933 gold all day over these over-priced items when large premiums get added on.

    Mark

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