[meteorite-list] AD: NEW meteorite coin,

From: Jan Bartels <jan_at_meteoritecentral.com>
Date: Fri, 31 Aug 2007 04:25:40 +0200 (CEST)
Message-ID: <3679.213.84.146.142.1188527140.squirrel_at_webmail.uniserver.nl>

......And finaly we have a great new topic on the list since months !!!


On Thu, 30 Aug 2007 21:13:26 -0400, you wrote:

>Google "Bullion Coin" and you will find a lot of web sites that sell them.

Not trying to harm Mike's sales (you'll want it if you want it no matter what
you call it) but using the word "coin" for bullion and for medals is not
correct. It is a very common incorrect term (even from companies) but still
incorrect. Just like people calling meteors meteorites. We meteorite people
know that the term is incorrect, but most people don't.

http://coins.about.com/od/coinsglossary/g/coin.htm

Definition: A coin, from the purely numismatic standpoint, is a metallic
object,
usually round or roundish in shape, which was created by a sovereign
entity for
the purpose of maintaining a circulating currency. Although the properly
accepted distinction between what is a coin, and what is not a coin,
depends on
whether it was intended for circulation as money, it is generally accepted
that
special collector versions of these same circulating issues, called proofs
may
also be called coins. However, if the object was not issued in a form
meant to
circulate as money, the correct term for it is round, even if it is issued
as a
proof strike.

http://coins.about.com/od/coinsglossary/g/round.htm

Definition: A round is a precious metal disk usually issued by a private
entity
and not intended to circulate as money, and which is stamped or struck with
images or devices, and sold to collectors and investors as a collectible.
Rounds
look very similar to actual coins, and it is common to see the term coin used
incorrectly where round is really the proper term.
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Received on Thu 30 Aug 2007 10:25:40 PM PDT