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Eleven reasons Platinum Coins aren't "just bullion"
nycounsel
Posts: 1,229 ✭✭
plus 1 for the 2007 reverse proof.
These reverses are ALL different from the bullion coin reverse.
The 2006, 2007 and 2008 designs are the reverse on the w-uncirculated coins, also distinguishing them from the regular bullion design.
Dan
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I like the 2002 the best.
<< <i>Hi,I like the 1999 with the cypress swamp and gator.Maybe because I live in the florida swamp area.I also like the 2003 eagle and flag.They are all cool coins to hold.Laters >>
Hoard the keys.
<< <i>They still look like bullion to me. >>
Party pooper
<< <i>
<< <i>They still look like bullion to me. >>
Party pooper
It's true you really can't compare these designs to a bingle.
<< <i>
I knew it would happen.
<< <i>I really like the platinum proofs. I sold most of them back a year or two ago. What don't agree with is the need to holder these. I much prefer them in the government packaging. Certainly a classier presentation than slabs. >>
'99's my favorite, followed closely by the '01, but I think in my poll I did earlier this year that the '98 was the winner by a nose.
<< <i>I really like the platinum proofs. I sold most of them back a year or two ago. What don't agree with is the need to holder these. I much prefer them in the government packaging. Certainly a classier presentation than slabs. >>
Strongly disagree here but respect your opinion. After looking at dozens of proofs in govt capsules, the dirt, smudges, reflections etc make it hard to screen the coins, let alone properly appreciate them. The fields often have ghosts in them from the capsules. The PCGS slabs are much nicer. You can take them out of the capsule but there is always risk there.
But I like slabs in general for coin protection/observation and not everyone does. --Jerry
That would have made a super fine set!
The name is LEE!
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
<< <i>What's your favorite design? I always liked the '02. The trout chasing the fly and the eagle chasing the trout. >>
I'll go with 1998 and 2003
These designs are what distinguishes the platinum proofs and w-uncirculateds from the regular bullion coins, and give a clear picture of why I view them as denominational commemoratives.
<< <i>
<< <i>Hi,I like the 1999 with the cypress swamp and gator.Maybe because I live in the florida swamp area.I also like the 2003 eagle and flag.They are all cool coins to hold.Laters >>
I like this one as well, of course I was born in Florida and am very partial to Gators!
Lafayette Grading Set
Morgan dollars? Trade dollars?
it's silly that this gets your Boxers-in-a-Bunch, but as long as it does members like me will yank your chain about it.
I'll continue to share my knowledge and perspective about these coins, you can yank whatever you want.
just buy/collect what you want
thanks, I do.
and don't be concerned when you're holding "coins" that you can't get out of without a substantial loss or a very long term hold.
That's ignorance talking. Many of us buy the same way we buy classics- with the intention to hold; those who've been in this for several years have done very well. Moreover, it's generally much much easier to make a profit quickly with intelligent choices in moderns than in classics, no doubt part of what annoys classic collectors.
These are coins with mintages predominantly under 10,000, with compelling designs and the added bonus of high bullion value.
The designs speak for themselves-- many in the "just bullion" crowd are probably ignorant of them, which is why I've posted them.
The Mint designates them as bullion coins.
"What's in a name? A rose by any other name would smell as sweet" - Wm. Shakespeare.
So, are you going to argue with the Mint, and The Bard?
I knew it would happen.
<< <i>So, are you going to argue with the Mint, and The Bard? >>
I'm not arguing with anybody. As my post clearly stated, they're not coins to me. I couldn't care less what other people consider them. Now, when people compare them to Bust Halves, Morgan Dollars and Trade Dollars I'll speak up as those were certainly not JUST bullion coins whereas the new mint products are entirely bullion as they're not spent. I mean, show me a VF ASE that was used in everyday commerce and I'll change my tune.
Basically true for all commemoratives.
<< <i>
<< <i>So, are you going to argue with the Mint, and The Bard? >>
I'm not arguing with anybody. As my post clearly stated, they're not coins to me. I couldn't care less what other people consider them. Now, when people compare them to Bust Halves, Morgan Dollars and Trade Dollars I'll speak up as those were certainly not JUST bullion coins whereas the new mint products are entirely bullion as they're not spent. I mean, show me a VF ASE that was used in everyday commerce and I'll change my tune. >>
The commerce aspect reminded me of what Thomas Joplin wrote in 1718 regarding bullion and coins (interesting essay to read):
"Money is chiefly valuable, as it serves us for Commerce in the Nation at Home.
Bullion is chiefly valuable, as it serves us for Commerce in the World Abroad.
Money is not valuable in it self, but as of Use in Exchange.
Neither is Bullion valuable in it self; but, as of Use in Exchange."
If the Mint says that they are bullion coins, then they are coins. They are also bullion. It's really very easy.
Is the 1913 nickel a coin? What about a gold Stella? Or a 1933 Saint? A 1956 Flying Eagle Cent? A 1936 Proof Walking Liberty Half? A Matte Proof Lincoln? An 1804 Silver Dollar?
I leave you now to ponder the mysteries of the Universe by yourself.
I knew it would happen.
Also modern silver eagles are very much like the old Morgan dollars, you can call the silver eagles of today that get spotting "circulated". LOL.
Box of 20
<< <i>This contention that bullion coins are not coins because they never circulated is a moot point. It is simply not relevant.
If the Mint says that they are bullion coins, then they are coins. They are also bullion. It's really very easy. >>
You're embarassing yourself with your lack of knowledge of numismatics.
Is a 1913 Nickel a coin? Yep, because all Liberty Nickels are. Is an 1804 Dollar a coin? Yep, because Bust Dollars are. Is a 1956 [sic] Flying Eagle Cent a coin? Yep, because all Flying Eagles are. Is a 1933 Saint? Yep, because all Saints are. Are proof coins? Yep, because their business strike counterparts are. Is a Stella? Well, no, it's a pattern, so that's entirely different.
Just answer a simple question: do modern bullion coins circulate? Do you spend them at the store? No? Well, then they're not "coins" in the pure sense of the word. Does the Mint call them coins? Yes, because by law it has to. JMSKI52, you can call modern bullion pieces coins if you like, but ease off on the smug attitude especially when your examples don't even support the point you're very poorly trying to make.
Now, please my friend, ponder whatever mysteries you like.
Exactly. Me too. That's what made the Mint's decision to stop minting the fractionals a game-changer... exhausted collectors can now stop worrying about the year to come and actually start working on their collection.
The 2006w-2008w uncirculated platinums are a 3 coin short set, and even the proofs are relatively affordable as a set... just 12 coins (13 for the $50s with the reverse proof).
Most are obtainable at a small premium to melt.
Just answer a simple question: do modern bullion coins circulate? Do you spend them at the store? No? Well, then they're not "coins" in the pure sense of the word.
what about commemoratives?
<< <i>what about commemoratives? >>
They're coins in a loose sense of the term. Not bullion, but not made to be spent either. Kind of like Modern Commems...
You can take the bullion out of the coin and it will still be a coin. If you take the coin out of the bullion then it truly is just bulllion.
Coins are issued for various purposes, to say one purpose makes one coin more of a coin than another is one of preference and opinion .
Fire at the tip of a match or candle, a roaring fire in the fireplace, a house fire, a forest fire.... they are all fire, some more impressive than the others, but they all share the element of heat and the ability to burn.