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I collect them all.... I am a coin collector.
llafoe
Posts: 7,220 ✭✭
RickO made me think. In one of my threads he posted: "I collect them all.... I am a coin collector. Cheers, RickO"
His comment piqued my interest... What is a coin? At dictionary.com a coin is: "a piece of metal stamped and issued by the authority of a government for use as money."
So is a coin ONLY the pieces of metal the government mints that are intended to be used for money; ONLY coins intended to be used in circulation? ... or, is any piece of metal with a denomination a coin; hockey pucks, satin finish, commemoratives, silver/gold/platinum bullion?
What say you... is a coin only a piece of metal intended for circulation or is it any piece of metal with a denomination?
Edited to add: I looked up the definition of money at dictionary.com: "any circulating medium of exchange, including coins, paper money, and demand deposits." Notice the word "circulating."
His comment piqued my interest... What is a coin? At dictionary.com a coin is: "a piece of metal stamped and issued by the authority of a government for use as money."
So is a coin ONLY the pieces of metal the government mints that are intended to be used for money; ONLY coins intended to be used in circulation? ... or, is any piece of metal with a denomination a coin; hockey pucks, satin finish, commemoratives, silver/gold/platinum bullion?
What say you... is a coin only a piece of metal intended for circulation or is it any piece of metal with a denomination?
Edited to add: I looked up the definition of money at dictionary.com: "any circulating medium of exchange, including coins, paper money, and demand deposits." Notice the word "circulating."
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Just like a silver dollar is 90% silver but not "90%" as the market uses the term, bullion coins (and commemoratives) are coins but are not real "coins" in the connotation applied by collectors of non-moderns.
<< <i>So where would a proof fit in >>
...it should fit in perfectly. are not proof coins made JUST for coin collectors.
<< <i>Proof is simply a method of production, although mainly intended for collectors. Many of us have found proof coins in circulation. I doubt very much that anyone will find the 'hockey pucks' in circulation. Cheers, RickO >>
Proof is NOT just a method of production, it is also a difference of intended use. The fact that some have put them into circulation does not change the original intent. And as the definition in the op states, intent is a key part of the definition.
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<< <i>I doubt very much that anyone will find the 'hockey pucks' in circulation. Cheers, RickO >>
It would be fun trying to spend them for face value!
Few merchants will take a Silver Commemorative Dollar as pay. And if they do, they won't give any more than the DOLLAR minted on the coin which has nearly $30 worth of silver in it. That's a bunch of bullion, but not really a coin (or is it an undervalued denomination ? ). That's why we get confused. If someone walked into a shop and paid with a twenty dollar gold piece, .. it's only twenty dollars. If it's modern and says "Fifty Dollars"... it's fifty bucks, or for that matter $5 is five dollars.
What's a coin ? Great question. Am looking forward to this discussion.
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
<< <i>A coin has to either have a value on it that is backed by something of value or it has to be of value ( Gold,Silver,Etc.). That's how i would define it. >>
What of value backs clad coins? The debt of the US govt?
Rubbish. Intended use is not part of the definition, it was part of the OP's comment. 'Proof' IS a method of production. Cheers, RickO