I’ll disagree.
Next post–technical issues…

Thanks Kaiser,
All that I can come up after navigating through your opinion, is to thank you for coming full circle on the ridiculous & preposterous argument regarding bullion coin grading and collecting to be a sham…

“ the ultimate vendor of these Bullion Coins to the public doesn’t change anything regarding the fact that the Mint originally sold these as being specifically Bullion rather Numismatic coins.”

Kaiser, it is up to the ultimate & final purchaser to determine whether their sought after bullion coin is considered “numismatic”, or not. They don’t care what you think whatsoever. The Mint has no say as to whether the bullion coins become “numismatic” later on. Your logic may differ from other collectors reasons as to what they want to buy. “buy it if you like it”…

The coveted ASE registry sets that you are now mocking, the sets that have a bullion version from each of the P, W, and S mints are important to some collectors. To know that their bullion coins officially came from those different Mints means something to them, even though identical in appearance.
The 2011 5 coin ASE set is a good example as well. The set had an ordinary bullion coin within. BTW, all 5 of those coins are ‘technically’ bullion coins. That’s right…

Here’s a photo of my latest “bullion” purchase. These coins were minted in the 100’s of millions and the Mint had no say at all in regards to them being considered “numismatic” at the time, just like the ASE’s mentioned above…

AKBob,
I would love to own any one of those coins, however, it always comes down to ‘do I want another new Lamborghini or a rare coin?’ Sometimes the choices are so difficult to make! Lol.

If I sold everything I wouldn’t be able to purchase (one) these lol! I wish and if I could, I wouldn’t, lol! Although coins like these can go up considerably in value (upside) compared to other coins, I’d be better off with one of these than what I already have on an upside way of looking at it. Even tho I’m an “upside” kind of collector, I’d rather have a lot of coins over only one or even a handful of rare coins. I’d love to have a true rarity, I think most of us collectors would too.

Thank you for that!

Kaiser, they (grading services) only started grading the bullion versions in the early 2000’s. Most monster Box’s had been opened by then (1986-2000) so you couldn’t get First Strike or Early Releases, etc. unless they were still sealed. Also, the first 15 years, the quality of strikes were not very good. There’s lots of 68 and 69’s but few 70’s prior to 2000. You still can’t make a complete set of 70’s graded by PCGS. NGC has graded 70’s in every year but a 70 set is well over $100K or used to be anyways, I haven’t checked in the past 5 years. Some years there are only a few 70’s. They can go for up to $20K. Ya, for a bullion coin. Oh, here’s one, the 2000 Millennium Set, in 70 is $17K-$20K!! The regular bullion in 2000 in 70 is no where near that. Go figure. Reminds me of a few Congrats Sets (2014 or 2015, I think) go for $3500-$5000!!!!! It’s just a bullion version, but in the Congrats Set. The 2014 or 2015 in 70 are both under $100. I think you’re correct about the scam in some ways, like the two examples I just mentioned. I think it’s great that bullion is graded tho. I definitely do NOT like ALL the “label” games they do tho. The bullion and grading of them, helped coin collecting explode! Most “think” it was because of the State Quarter Program but I differ on that, I think there’s a direct correlation with when grading bullion coins started. I think it was the single best and most important “shot in the arm” for coin collecting EVER, bar none!! JMHO tho. It’s another way of looking at bullion.

Well, as always, Good Luck ALL!!!

Kaiser,
I’ll chime in for just a minute with my novice take.
Bullion has never gotten off track imo, ever.
The photo below, take notice of the Monster Box straps and read them.
You can buy one, send in the unmolested box to a TPG and receive 500 graded coins(on the Sheldon 70pt Scale)Officially Minted at West Point–Legit, I’m not kidding. You can also tell them to ony grade 100 coins and send the rest back to you.

Bullion coins have been an investment vehicle AND a collectable since ancient times. You, if anyone, I would think knows this verifiable fact?
One of many, many Desirable Circulated Bullion Coins linked below…
https://www.pcgs.com/coinfacts/coin/1907-20-high-relief-wire-edge/9135

So much for the “limited time” offer. Limited to sometime before the end of this decade.

Agree on all points.

Most of my coins were bought from the US Mint and I’ve never sent any to be graded. I have also bought coins from various places that have been graded, I have no complaints about grading services other than I wonder why so many bullion coins are being graded these days. I just don’t see any value in a ‘perfect’ bullion coin with a MS70 population of hundreds of thousands. I’m fond of older coins and buying them graded affords a degree of certainty in their pricing, assuming they aren’t counterfeit. Lol.