X @Nick Szabo
Nick Szabo·2025-10-29 17:08
Core Concept: Metal Collectibles - Metal collectibles exist on two levels: the inner layer of the metal itself (bullion) and the outer layer of its form (jewelry, coins, etc)[2] - Bullion is valued for its weight and substance, not craftsmanship [3] - Historically, the value of coins was determined by their precious metal content, not face value [4] Forms of Metal Collectibles - Metal collectibles include artistically skilled forms, coins, and utilitarian-looking pieces [1] - Coins are mass-produced pieces of metal with a trusted brand name indicating their alleged value [1] - Jewelry and other treasures represent wealth transfers [2]