/biz/ - Business & Finance

>>50909719
>The only reason they would take discounts was because of purity concerns.
How would you go about liquidating a Shekel in Ancient Rome?
You could take it to a money changer, but you wouldn't get it's full value.
You could take it to a Silversmith, but again, you wouldn't get its full value.
You could sell it to a merchant going out East to use it, but once again, you couldn't get it's full value, hence why the merchant would accept it at a discount in the first place.
>The opposite would apply to modern day thinking would it not?
What's easier to fake, an ASE or a shitty buffalo round?
Nobody's going to hold Generics as high as actual coins because they don't have any security features. You can't just look at the font on the coin for serifs to determine if it's fake or not, there's no standard. If you have a million different variations of the same few designs, it's going to give a lot of wiggle room for counterfeiters. Merchants will discount generics due to the higher likelyhood of fakes slipping through.
If a single mint were to make Generics with actual security features (Sunshine mint does this) their Generics would likely be accepted at about the same rate as ASEs.

>>27790838
I do have silver. Bought this round for $15 last March. I have more than just the one round of course, I've been accumulating for a while, but I don't want to post a full stack pic online.

>>25001341
The Silver I bought at the bottom of the March dip has been my best performing Asset this year.

>>24097303
Coins have a legal tender value and are issue by a Sovereign Nation, rounds are the same thing but made privately.