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Are US Mint Bullion items coins or not???
keets
Posts: 25,351 ✭✭✭✭✭
I think we need a ruling on this from the moderators. Is an American Silver Eagle a coin that can be discussed here---OR---Is it a precious metal bullion item that needs to be at the other forum??
While we're at it, oh, never mind, I could think of about 10-20 other examples that need a ruling. Maybe we can get one on the ASE's and other Mint products first. I'd hate to get in trouble for violating a rule.
Al H.
While we're at it, oh, never mind, I could think of about 10-20 other examples that need a ruling. Maybe we can get one on the ASE's and other Mint products first. I'd hate to get in trouble for violating a rule.
Al H.
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Now, those SCDs are definitely not coins and should be booted to the PM forum
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
Its a buck that a week ago was worth about 17 bucks, now its a buck that's worth about 12.75 bucks, unless of course its a 2008 rev of 07,
then its worth about 500.00 bucks, until it gets milk spots, then you'd have to check with the precious metals forum for a price.........
<< <i>Its a buck that a week ago was worth about 17 bucks, now its a buck that's worth about 12.75 bucks, unless of course its a 2008 rev of 07,
then its worth about 500.00 bucks, until it gets milk spots, then you'd have to check with the precious metals forum for a price.........
Ouch.
1997-Present
<< <i>If it looks like a coin.. if it has monetary value assigned... if it can be used monetarily... then it is a coin. Cheers, RickO >>
exactly as the mint/govt planned. what great marketing!
i disagree with it though. those silly denominations on bullion that
have no relationship to the actual intrinsic value.
i have heard of exactly 3 stories about ASEs being found in circulation.
However in realistic terms:
If the item is NOT GRADED it is worth current bullion value.
If it is GRADED then it is worth the market value for the assigned grade.
I knew it would happen.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
Proofs
SCD
Patterns
1970-D Kennedy Half Dollars
1973 Eisenhower Dollars
Presidential Dollars
I can;t believe I typed that!
The name is LEE!
Observe that NO threads on ASEs, AGEs or Gold Buffalos were transferred to the new PM forum...
Realize that PCGS business model is based on grading and certifying rare coins...which do include these bullion coins.
I believe it is clear that the new forum is for those "silver is off of a cliff today" threads.
I believe it is clear that the US Coin Forum is still okay for talk about Gold Buffalos, UHR Saints, ASEs and the like.
Take a look at which threads were transferred from the US Coin Forum to the PM forum and you will be able to see the intent of the moderators.
I think the answer is already there and Carol does not need any more grief!
The only question here is why collectors of Gold Half Eagles feel compelled to dis what the collectors of American Eagles collect.
Anybody got an answer to that one? Some kind of deep-seated insecurity? What the heck is it?
I knew it would happen.
If the answer is the printed price, then it is a coin. Duh!
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
Observe that NO threads on ASEs, AGEs or Gold Buffalos were transferred to the new PM forum...
Realize that PCGS business model is based on grading and certifying rare coins...which do include these bullion coins.
I believe it is clear that the new forum is for those "silver is off of a cliff today" threads.
I believe it is clear that the US Coin Forum is still okay for talk about Gold Buffalos, UHR Saints, ASEs and the like.
Take a look at which threads were transferred from the US Coin Forum to the PM forum and you will be able to see the intent of the moderators.
I think the answer is already there and Carol does not need any more grief!
--------------adamlaneus
well, the use in your post of the term "bullion coins" certainly renders your post a bit ridiculous while also giving credence to my legitimate question.
my present rant is that PCGS seems to want to moderate these forums and i think that is a very noble thing, only they seem to want to be unclear about how they do it. any OT stuff isn't allowed, unless........................no non-US coin topics are allowed, unless........................no PM topics are allowed, unless.........................so my question is simple, are these things actually coins?? the present message echoed in several threads over the past couple weeks/months is that violating the rules will result in banning with no notice, so i'd just like to know if i can post about certain things. i'd hate to be banned, unless.............................
I knew it would happen.
I _clearly_ remember the stern warning relating to political discussions on this board and the possibility for being banned if participating in those vile, hateful threads.
But I do not automatically extend that sternness to today's addition of a PM thread.
I fully expect that there will be some crossover as there is between the US and World coin forums. Some folks will complain, but it's not such a big deal to the moderators...not like the political stuff was.
When I look to the reasons why PCGS did this, I immediately look to their business model; their bread and butter. Promoting the grading and certification of coins.
A "COIN" is a very broad definition. It tends to be made of metal but it does not have to be. It tends to be round and flat but it does not have to be. I use that definition.
Bullion coins? I'm sorry, but i'm not seeing the flaw in that term. Ridiculous? I think you are overreacting; that is a strong word. I make ridiculous posts; I do not believe this is one of them.
My point was that it seems that the PM thread is for things that PCGS does not grade nor certify. You know, discussions about the daily price fluctuations of PMs. Surely you would appreciate more numismatic information and less fluff in the US Coin forum thread, correct?
Your argument is very legitimate. Please do not take my post as disagreement. I think we are experiencing the same issues. I am also scared of crossing that line and offending the powers that be; this is because I value this forum and do not want to lose the ability to pose a legitimate question and have an expert here weigh in. The value is incredible and has truly increased the sophistication and amount of collecting I do.
If the dichotomy between the forums is Truly Important, then I would hope for some clear guidelines in the Terms Of Use.
Yes, absolutely, US mint bullion are coins. I am sticking by my non ridiculous answer. Hmph.
My strongest proof that PCGS intends to keep ASE discussions in this US Coin thread? The John Nanney ASE discovery thread was NOT moved. I hope this helps to answer your question at least a little bit.
Also, there is a single sentence underneath each forum that describes, tersely, the discussion intended in that forum. That is enough for me. I consider the addition of the PM forum an attempt to improve the readability of the US Coin Forum. And I do not jump to the conclusion that we will be banned instantly upon a cross-content infraction relating to those forums. I truly believe the moderators are human and reasonable.
<< <i>Its a buck that a week ago was worth about 17 bucks, now its a buck that's worth about 12.75 bucks, unless of course its a 2008 rev of 07,
then its worth about 500.00 bucks, until it gets milk spots, then you'd have to check with the precious metals forum for a price.........
Fred, Las Vegas, NV
<< <i>Has there been a ruling on ASEs, AGEs, APEs? Which forum? Anyone know? >>
The US Government says they are legal tender coins. Nuff said.
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
Occasionally you read the complaint here that certain folks are allowed to do things that others cannot. Frankly I am not of that opinion. Do some OT threads remain while others get removed, yes. I have concluded that it isn't a matter of who you are but what the topic is. The more human nature a topic is and the more folks it touches here the better chance it will remain. That's just an observation after having been here many years, not meant to be a subjective judgment. It's their duty to make that judgment not ours.
Given the nature of message boards and the fact that it's company owned I think they've down an admirable job of policing the content. I have a bigger issue with those who constantly push the envelope here and then whine about PCGS and or their mods. It's simple behave or go elsewhere. There are ways to make a point in an adult way to exercise your right of free expression. Do I think they have made some errors in judgment along the way, yes. But who doesn't have an occasional streak of stubborness. Perfection isn't a goal any of us have attained.