• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Early Releases

Member
  • Posts

    17
  • Joined

  • Last visited

Posts posted by Early Releases

  1. 20 minutes ago, Fenntucky Mike said:

    Your coin is a bullion coin, not in the sense that it is only worth its bullion content but that it is comprised of precious metal/s

    This I disagree with :) but you are perfectly fine to believe it is a bullion coin.

    If a coin has PF in the grade, then my opinion is that it is a proof coin. Not a bullion coin that is a proof.

    And this is not just my opinion but widely accepted in the precious metals community. Perhaps the NGC community here is different in that a lot of members here choose to call a proof coin a bullion coin that is a proof, because the way NGC have set up the registry. But that is their choice :) 

    Would be interesting what NGC’s official answer is. If they just simply categorise Proofs under Bullion because of the way their registry set is set up. Or if they do believe that proofs are a type of bullion. I.e there are bullion bullion and bullion proofs. (Something which I have never seen any dealer or mint sell a coin as) 
     

  2. 4 minutes ago, Fenntucky Mike said:

    If you were to take one of your proof coins comprised of a precious metal and drag it around the parking lot, it would most likely loose all value above its worth in bullion but it would still be a proof. A bullion proof (impaired).

    Thank you for your reply.

    I would argue that in that case it is then a “Proof coin that has been damaged and therefore selling as bullion” 

    But the damage doesn’t take away the fact that originally this coin was minted as a proof, marketed as a proof, and sold as a proof. (Despite NGC’s categorising proofs underneath bullion in their registry)

    I would say that when a coin is damaged you could argue it is “bullion proof” :) but NGC doesn’t have categories for damaged coins.

    If you go to any dealer and state that you are looking for a “Bullion proof” I am sure they will be puzzled and will ask you, are you looking for a bullion or a proof coin?

    If you want to state that all proof coins are bullion because they contain precious metals, then we can be really pedantic and look up the definition of bullion in the Oxford English Dictionary and discover that no coins are in fact bullion under this definition, unless valued by weight.

    And as you are aware there are bullion coins that have a premium added to them, e.g. a very old panda coin may sell at a substantial premium to the metal weight, despite being a “bullion” coin. 

    noun
    noun: bullion
    1. 1. 
      gold or silver in bulk before coining, or valued by weight.
      "gold bullion"
       
    2. 2. 
      ornamental braid or fringing made with twists of gold or silver thread.
      "bullion cords”
  3. 6 minutes ago, BlakeEik said:

    I have many coins that are both bullion and proofs.  If you are talking about a name the Australian mint gave to a series of coins, fine, but claiming "no major mint will say a coin can be both a bullion coin and a proof coin at the same time" is theory you alone hold.   Here is link to a registry set you claim should not exist - proof bullion produced by a major mint and certified by NGC. 

    https://www.ngccoin.com/registry/competitive/united-states/american-eagles-and-bullion-coins/7668/

    Is this the Kangroo coin you say is "Proof" not bullion?

    https://en.wikipedia.org/wiki/Australian_Silver_Kangaroo_(bullion)

    If so, alert wikipedia - they got it wrong too. No mention of "proof" but bullion referenced several times.

    There are lots of resources on line that can help sort this information for you.

    If you wish to believe that a coin can be a proof and a bullion coin at the same time (and I am talking about one coin, not two different versions of the same coin) then it is your prerogative.

    You have given a link to a wikipedia page that is about a silver bullion coin, of course it doesn't say proof xD and if you have any issue with a Wikipedia page you should speak to them, I am not going to. Note that the coin you linked to is a completely different coin to the Kangaroo Coin I am referring to, you didn't even get a link to the correct metal. 

    Just because NGC list a proof coin under Bullion doesn't mean that the coin is both a bullion and proof coin.
     

    Quote

    Here is link to a registry set you claim should not exist

    I never stated that a registry set could not exist. 

     

    Quote

    There are lots of resources on line that can help sort this information for you.

    Thank you for your kind help.



    I believe that a proof and bullion are different and that a coin can not be both a bullion and a proof coin at the same time. You are free to believe what you want :) 

  4. 9 minutes ago, BlakeEik said:

    Proofs and bullion coins are not mutually exclusive. A proof is a type of strike, and bullion coins are made of high purity precious metals. Bullion coins, like all coins, could be produced with different strikes including proofs, reverse proofs, enhanced proofs, uncirculated mint state, etc.

    A proof is not a type of bullion coin like you are implying. 

    I agree that there different qualities in strike even between bullion coins. And one mint could use a strike that they class as bullion but other mints would class as proof.

    But a Mint will sell a coin as a proof or as a bullion coin.

    And this Kanagroo coin is specially sold by the mint as a Proof coin. It is not sold as a “Bullion coin with a proof strike” 

    I know of no major mint that will say a coin can be both a bullion coin and a proof coin at the same time. I suppose you could use different dies if you really wanted to finish a coin one side in proof finish and the other with a lower quality bullion finish.

    Anyway irrespective of anything, the Kangaroo coin I am referring to is specifically sold and marketed as a Proof coin by The Perth Mint. It is a proof. 

  5. 3 hours ago, Ali E. said:

    Hello, Early Releases.

    Thanks for your interest. The Kangaroo, Koala, and Kookaburra series are quite popular and have separate subcategories and sets here: https://www.ngccoin.com/registry/competitive/australia/australia-bullion/. If you prefer a different set structure, you may create a Custom Registry Set. If you need further assistance, please let us know.

    Ok thanks :) 

    Would it be possible to change the name “bullion” to something like “Bullion & Proofs” or just move the word “Bullion” in its entirety :) 

    Because proofs shouldn’t be listed under a category called Bullion IMO.  

  6. Please see the email below. I believe this to be an error as the coin I wish to add to a registry set is a PROOF coin. But I have been asked to add it to a BULLION set. I believe that proofs deserve their own set and that the 1/4oz Kangaroo Proof coins that started in 2017 should have its own registry set :) please can you add this if possible. 

     

    Your request to add NGC certification 6013227-003 to your competitive set has been declined by NGC, but the coin can still be managed in your Collection Manager.

    Here are the coin details:
    Coin: NGC # 6013227-003
    Description: 2020P AUSTRALIA G$25 Kangaroo First Releases
    Grade: PF 70 ULTRA CAMEO

    Admin Comments: ***** YOUR COIN IS ELIGIBLE IN THE FOLLOWING SET: Australia - Bullion Kangaroo Gold $25, 1989-Date, Proof THANK YOU.******

  7. 2 hours ago, Ali E. said:

    Our team feels these coins have adequate representation in the current competitive sets. We may reconsider this in the future. You may create a Custom NGC Registry set, if you wish. Please let us know if you need assistance. You may also reach us at registry@NGCcoin.com.

    OK, when I check it says there are 0 sets it can be added to. So not sure why that is counted as adequate :) Though I understand it isn't a coin with a Hugh amount of popularity. Some it has been added to a competitive set before the option to add it was removed.

    May I ask how to make a custom set? Would a custom set be 
    public also or only possible for it to be private? Thank you for your assistance. 

  8. On 10/12/2012 at 6:49 PM, Ali E. said:

    Do you have a new set request? Please reply to this post!

    Hello, The Perth Mint Swan 1oz Silver PF has a set.

    Please can you make a set for The Perth Mint EMU 1oz Silver PF, started in 2018. :) 

    2018P Australia S$1
    Emu
    PF

    2019P Australia S$1
    Emu
    PF

    2020P Australia S$1
    Emu
    PF