Mark Stilson Posted May 20, 2007 Report Share Posted May 20, 2007 Most people consider the American silver eagle bullion. But, since it has one dollar on it?? What do you think? Link to comment Share on other sites More sharing options...
Art Posted May 20, 2007 Report Share Posted May 20, 2007 I consider all the coins that are never issued for circulation as either commemoratives or bullion. The ASEs to me are bullion -- very pretty bullion. Link to comment Share on other sites More sharing options...
Scottishmoney Posted May 20, 2007 Report Share Posted May 20, 2007 Actually for bullion I prefer $20 libs in EF-AU and common dates. Nothing like holding a 100 year old gold coin and feeling it's heft. Link to comment Share on other sites More sharing options...
syzygy Posted May 20, 2007 Report Share Posted May 20, 2007 Non-circulating legal tender - but bullion to me. Link to comment Share on other sites More sharing options...
ageka Posted May 20, 2007 Report Share Posted May 20, 2007 I agree Link to comment Share on other sites More sharing options...
BigCanadianM Posted May 20, 2007 Report Share Posted May 20, 2007 Bullion BTW, what is the proper pronunciation of bullion? Link to comment Share on other sites More sharing options...
syzygy Posted May 20, 2007 Report Share Posted May 20, 2007 BullionBTW, what is the proper pronunciation of bullion? Â Listen to it from Webster.com Link to comment Share on other sites More sharing options...
De Orc Posted May 20, 2007 Report Share Posted May 20, 2007 Bullion    Link to comment Share on other sites More sharing options...
BigCanadianM Posted May 20, 2007 Report Share Posted May 20, 2007 Thanks Link to comment Share on other sites More sharing options...
gxseries Posted May 20, 2007 Report Share Posted May 20, 2007 Bullion - there are a fair amount of these minted as well as the design from every year is almost about the same. Â Speaking of the face value of such "coin/bullion", there was a talk on cointalk about how a guy talked about his wife receiving a 100 dollar 1 ounce platinum coin as face value!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Â Obviously it was a young boy who received it as a present but he wouldn't care about it's real value and wanted to cash it immediately. Now you just wished that happened to you don't you! Link to comment Share on other sites More sharing options...
echizento Posted May 20, 2007 Report Share Posted May 20, 2007 I would also have to say bullion. Link to comment Share on other sites More sharing options...
crystalk64 Posted May 20, 2007 Report Share Posted May 20, 2007 The bullion coins were made as an investment opportunity and, here in the U.S., the Mint had NO idea that coin collectors would get on board and collect them. They do NOT circulate and were never intended to do so and, quite frankly, with silver floating at $13.00 per ounce why in the world would anyone want a buck for a bullion Eagle? U.S. law dictates that a monetary value be placed on the coinage made at the mint thus the "One Dollar" on our Eagles. But do keep in mind that gold bullion also has a monetary value which is FAR below the value of gold and I don't think we will see many folks attempting to circulate them either. But should any of you wish to make a few purchases based on the face value of your gold and silver bullion feel free to get with me and I will make every effort to send you exactly what you need and shipping will be free! Link to comment Share on other sites More sharing options...
Mark Stilson Posted May 20, 2007 Author Report Share Posted May 20, 2007 Non-circulating legal tender - but bullion to me. Â Â Me too on that. Proof sets are non-circulating legal tender. (Yes, some do escape in to the wild.) But I don't know how many would consider them bullion. The Gobrecht dollars never made it in to general circulation. Link to comment Share on other sites More sharing options...
just carl Posted May 20, 2007 Report Share Posted May 20, 2007 I voted for coins. However, after reading what others say, I'm not sure anymore what Bullion is. Until now I always considered Bullion just blocks, bars, lumps of metals. Although the Red Book and others do call many coins Bullion, I still consider them coins. To me there are tokens, coins, medals and Bullion. Every time someone mentions Bullion I think of bars, lumps, clumps, etc. Must be old age. Link to comment Share on other sites More sharing options...
28Plain Posted May 20, 2007 Report Share Posted May 20, 2007 I voted for coins. However, after reading what others say, I'm not sure anymore what Bullion is. Until now I always considered Bullion just blocks, bars, lumps of metals. Although the Red Book and others do call many coins Bullion, I still consider them coins. To me there are tokens, coins, medals and Bullion. Every time someone mentions Bullion I think of bars, lumps, clumps, etc. Must be old age. By definition, bullion is precious metal in its purest reducible form. SAE's are .999 silver, so they are bullion coins. Dealers may refer to common date gold and silver coins as "bullion" because their value is usually pegged to the current bullion value of the metal regardless of the alloy. Link to comment Share on other sites More sharing options...
ccg Posted May 20, 2007 Report Share Posted May 20, 2007 bullion Link to comment Share on other sites More sharing options...
Burks Posted May 21, 2007 Report Share Posted May 21, 2007 Bullion. It may have a dollar value to it but if I can't give the government or dealer $1 for an ASE, it's not coinage. Â Or something like that. Link to comment Share on other sites More sharing options...
jtryka Posted May 21, 2007 Report Share Posted May 21, 2007 I voted coinage, since to me bullion must be uncoined metal. As for the face value, you will see how important it is at the next gold recall when the Treasury offers you nice new fednotes for your 'coins' at the stated face value (which is a premium to the current gold peg of $42.2222 per ounce)! Link to comment Share on other sites More sharing options...
Peter Planchet Posted May 22, 2007 Report Share Posted May 22, 2007 I voted coinage, since to me bullion must be uncoined metal. As for the face value, you will see how important it is at the next gold recall when the Treasury offers you nice new fednotes for your 'coins' at the stated face value (which is a premium to the current gold peg of $42.2222 per ounce)! Â It's clearly bullion since there is no intent to circulate. The only thing that that the denomination does is to provide a floor in case the price of silver or gold plummets. Â -- Peter Planchet www.peterplanchet.com Link to comment Share on other sites More sharing options...
akdrv Posted May 22, 2007 Report Share Posted May 22, 2007 Bullion, not the condensed chicken kind. Link to comment Share on other sites More sharing options...
Drusus Posted May 22, 2007 Report Share Posted May 22, 2007 I think they are both coin and bullion but I voted coin...as I think they are coins worth their weight. Link to comment Share on other sites More sharing options...
just carl Posted May 23, 2007 Report Share Posted May 23, 2007 Here is an easy test. Pretend you have some rare coins, sort of rare coins, Bullion in Silver, Gold, etc. Then attempt to sell it for cash. Look for places, contact them if necessary, and see how easy it is to unload the stuff. It is always easy to say how much something is worth but in reality it is only worth what someone will pay for it. Occationally on TV Jay Leno shows stuff they found on ebay. Some of the weirdest things imaginable but much of it sells for fantastic amounts and some doesn't sell at all. So if you had a Bullion thing of Pure Silver that weighed 10oz for example, where and who would buy it for what price. Same with a coin. You could have a 1909S VDB in MS-63 for example and run around saying it is worth $XXXX but if you can't sell it for that it is not really worth that at all. From what I've seen over the years there are numerous coin shows where coins are easily bought and sold but Bullion just sits there. HMMMMM. Link to comment Share on other sites More sharing options...
BigCanadianM Posted May 23, 2007 Report Share Posted May 23, 2007 IMHO, it's because bullion is for investing, not collecting, hence it not selling at a coin show, for collectors. Link to comment Share on other sites More sharing options...
Great Laker Posted May 26, 2007 Report Share Posted May 26, 2007 Looks like a coin to me. Link to comment Share on other sites More sharing options...
Trantor_3 Posted May 26, 2007 Report Share Posted May 26, 2007 bullion Link to comment Share on other sites More sharing options...
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