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Beau
Penny Pincher Member
216 Posts |
 Posted - 05/23/2010 : 02:12:42
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anyone ever buy any of these?
I have never seen any and I have been to a lot of big coin shows.
is it a known mint?
easy to get rid of when it is time?
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THANKS FOR A REPLY
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Sovereigns
New Member
15 Posts |
Posted - 05/23/2010 : 05:00:00
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I have seen them around a far amount. The 1oz stagecoach looks like a nice silver bullion bar but not keen on the bar scored into four 1/4 pieces. I have never seen that done before and it makes them look really cheap.
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Gold Sovereigns |
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 05/23/2010 : 08:32:43
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You must be logged in to see this link. has made a divisible bullion coin recently that looks similar to the Engelhard Prospector.
I think it is unique way to collect bullion with the anticipation that it may be needed as a currency in a SHTF scenario. Having pre-scored individually marked quarter oz pieces of.999 bullion seems clever.
I imagine we will see many more...
To each his own.
Here is a Video of scoring and splitting a coin
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"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
Edited by - cptindy on 05/23/2010 12:13:36 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/23/2010 : 11:53:29
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quote:
Originally posted by Sovereigns
I have seen them around a far amount. The 1oz stagecoach looks like a nice silver bullion bar but not keen on the bar scored into four 1/4 pieces. I have never seen that done before and it makes them look really cheap.
I have to disagree with you. I haven't seen it done either, but it's just a new form of functionality, one that may become more common as silver's price jumps. Might not be a bad idea to have some of these around, as an alternative to 90%... as long as the premium isn't too bad. My only question would be how brittle are they? How much pressure does it take to snap them apart, and would that happen accidentally? Certainly Sovereigns, there are silver art bars that have more handsome designs than this, but I think I might actually have to fork over for some of these while the silver price is down. Thanks for posting, Beau (and no, forum members, we aren't related  ) |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 05/23/2010 : 12:22:31
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I also think its a clever idea and could see how it could cheapen the coin. Some of the older ones are ugly and put me off. But they have seem to polished the design and made it look half-way decent.
But if you were going to break such things into pieces it might be a hard sell if there is a guy other there with a merc dime Vs. your chip of a bullion coin. |
Robber Baron= Robarons |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 05/23/2010 : 12:29:10
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EDIT
HAHA! SOL! Very True! A hammer is my Friend! Can't imagine any survivor kit without one.
Also I have no affiliation with QSB.
Interesting question as to the chip of bullion...
I feel today we look at bullion collecting with a still ever present numismatic perspective. If silver was used as a monetary exchange it is only the metal that is of value and shape or distinction would be irrelevant as it is to be recycled.
Just my opinion... |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
Edited by - cptindy on 05/23/2010 12:34:09 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/23/2010 : 12:38:45
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quote:
Originally posted by cptindy
EDIT
HAHA! SOL! Very True! A hammer is my Friend! Can't imagine any survivor kit without one.
Also I have no affiliation with QSB.
Interesting question as to the chip of bullion...
I feel today we look at bullion collecting with a still ever present numismatic perspective. If silver was used as a monetary exchange it is only the metal that is of value and shape or distinction would be irrelevant as it is to be recycled.
Just my opinion...
I agree... this stuff is being created to function as money for barter, not as pretty collectible rounds with investment value or possible numismatic potential. If or when TSHTF no one will give a rip about offering premiums for key dates or mint marks, and silver chips will have the same bartering power as alternative forms of silver. The sharp edges are a point to consider, however.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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IdahoCopper
Penny Pincher Member
125 Posts |
Posted - 05/23/2010 : 12:45:53
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A heavy bowie knife will cut a silver coin when hammered with a rock or whatever. Silver is soft, blunting the sharp edges is trivial.
The main advantage of easily divisible coin is that the seniorage or minting cost is only paid for a single coin, instead of 4 smaller coins. This is a viable way to enhance the trade-ability of bullion, and reduce costs. |
See - http://IdahoCopper.com
and:
http://beefjerky.com |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/23/2010 : 12:50:38
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quote:
Originally posted by Robarons
I also think its a clever idea and could see how it could cheapen the coin. Some of the older ones are ugly and put me off. But they have seem to polished the design and made it look half-way decent.
But if you were going to break such things into pieces it might be a hard sell if there is a guy other there with a merc dime Vs. your chip of a bullion coin.
On the contrary, if the need for these develops, pre-scored silver coins will develop a premium, regardless of design. Look at the premium paid now for fractionals. Some enterprising powerseller on ebay is gonna buy a bunch of these and wait to sell them until silver explodes, and will profit handsomely when he does so. They will be marketed for their utility, not their design... and as long as they were produced by a recognized accredited refiner there won't be a problem. I actually think these are a really good idea.... someone did their history homework (pieces of eight) |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 05/23/2010 : 12:57:01
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I think it looks rather cool. I'm partial to the bar. But I don't do premiums, so unless I could acquire one for spot, I'll never own one.
The concept is old as dirt. What do you think a "pieces of eight" is..?
"If or when TSHTF no one will give a rip about offering premiums for key dates or mint marks, and silver chips will have the same bartering power as alternative forms of silver."
That is why I see no logic in paying premiums now...
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 05/23/2010 : 13:05:04
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I get the not paying a premium perspective totally.
Buy Low Sell High!
Premiums suck!
But, if silver is believed to rise to a new level as I suspect and do many others. What is considered a premium today is a mere speck of consideration based on future value and utility.
Just another opinion... |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
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stagecoach silver?
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