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 Replies: 19 / Views: 7,995 |
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Pillar of the Community
United States
8137 Posts |
The mint makes ASEs in a few different ways. First are the BU ones. These are mainly for people that invest in silver, but some collectors try to put a set of these together with one from each year. Next you have the proof ones. These are sold by the mint at a premium over spot because they are made for us collectors. They also have a lower mintage (including the 1995-W which trades for about $5,000 in PR-69  ) then you have the burnished eagles. I'm not really sure how these are different than the normal eagles so maybe someone else can chime in on those. Lastly you have the special edition eagles. These are made for collectors and sell for WAAY over their silver content's value. These coins have very low mintages as well and are very collectible. |
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Pillar of the Community
United States
1903 Posts |
Going back to a core comment the OP made in regards to one ounce silver rounds or bars being more economical way of stacking silver...it is a yes and a no in the same sentence. Do you initially pay a lower premium up front to purchase silver rounds...YES...BUT as many people can speak from experience, many people are far more cautious and hesitant to buy rounds and bars on the secondary market (primarily from individuals) because it is very hard to detect fakes. Government issued coins like Silver Eagles, Silver Maples, and the like do sell at a higher premium, but also come with higher customer confidence...hence the added premium. These coins are just harder to fake. Note I didn't say COULDNT be faked...just harder.
Edited by unholyroller
10/31/2014 5:39 pm
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Pillar of the Community
United States
4901 Posts |
Since you mentioned your Morgan and Peace dollar collection I will assume you collect coins not bullion. If this is true then the collector versions of the ASE are the way to go...Unc. W, proofs, reverse proofs etc. etc....MANY variations and sets from different mints (or just collect the W's or PF's from each year) If you are into a bullion spot silver play AND like the ASE then go for the bullion version which is a pure silver play and is very easily sold. I collect both...adding a couple of bullion rolls every year AND getting the collector versions as well... Great looking coins.... |
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Pillar of the Community
United States
1208 Posts |
ASEs are BOTH numismatic and bullion. I have a set of ASEs in a Dansco, and it was a fun set to put together. Think about it, with so many people treating the ASE like a puck of silver, really nice ones are harder to find than you would think. Most are scratched, fingerprinted, milk spotted, and generally abused. One good thing about them selling as bullion is that when you do finally find that beauty, it will cost you the same as the battered ones around it. Dealers don't put a premium on the pretty ones, and dayum sure don't give you a break on the beaten and bruised ones either. Anyway, that was my experience putting together a Dansco set of business strike ASEs. (I also did the proofs and burnished, but couldn't bring myself to put those in an album.) They make a 2 album set (#8181/8182) that includes proof and burnished, along with business strikes, but IMO that's not the way to go. I won't consider my set done until I have the 95w, and when I get that one, it's NEVER going in an album, so it would be weird to put the rest of the proofs in an album, and not that one. Soooooooo, only business strikes in an album for me. |
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Pillar of the Community
United States
1228 Posts |
Quote:
One good thing about them selling as bullion is that when you do finally find that beauty,
it will cost you the same as the battered ones around it. Dealers don't put a premium on
the pretty ones, and dayum sure don't give you a break on the beaten and bruised ones either. Ratio411 Proof ASE $52.95 Investor ASE $23.00 Both in lets say grade 65 but ungraded Would each only sell for todays spot price of $16 ? |
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Bedrock of the Community
 United States
12866 Posts |
The bullion dealer down the street from my house puts a premium on BU bullion, particularly the current year's ASE's that he pulls from monster boxes. Even though I'm mainly stacking bullion ASEs when I buy them, I'll buy one or two of the current year but then for the rest of the year, I buy the older ASEs he has in stock for a dollar less of a markup. Regardless of ASE/Maple/Phil/whatever, if it's BU my guy charges a small premium. |
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Moderator
 United States
23522 Posts |
ASE's will never be anything but bullion to me. Ever spent one?
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Pillar of the Community
United States
1132 Posts |
Have you ever spent a Morgan sSuperDdave?  |
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Moderator
United States
189969 Posts |
Quote:
ASE's will never be anything but bullion to me. Ever spent one? Myself, no. However, someone else did.  |
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Pillar of the Community
United States
1208 Posts |
"ASE's will never be anything but bullion to me. Ever spent one?" LoL... Two Cent pcs are bullion? Trimes? Double Eagles? Hollywood: I'm talking about business strikes. That should have been clear when I was talking about coins with fingerprints and such. Never suggested that the "collector" editions would sell at spot. Heck, NO ASE sells at spot (from a dealer anyway). I was just saying, that in my personal experience, dealers make no distinction between a "nice" ASE vs an abused ASE. Whenever I have bought them, the coins get dumped out, if they are lucky, on a soft surface, and the price is the same per coin, no matter condition. I have yet to find a dealer that charges more for one ASE in said pile of ASEs, because the one you picked out was pretty. Just like I have never seen a dealer charge less for an ASE because it was beat. Maybe I'm just lucky? Regardless, it's a fun set to put together, and truthfully, my set is nice, but I can think of at least 2 years that could be further upgraded. This is an ungraded, business strike, album set... So don't try and make it sound like I am talking about MS70 coins here either. Just really nice eye appeal, and lack of naked eye problems. After all, no one is ever going into my Dansco with a loupe. |
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Moderator
United States
23522 Posts |
Quote:"ASE's will never be anything but bullion to me. Ever spent one?" LoL... Two Cent pcs are bullion? Trimes? Double Eagles? None of those, nor Morgans, are contemporary mintages. Under the broadest definition of "numismatic," ASE's fit, as do tokens and medals, but for the same reasons. Thoughts were requested, and it's my thought that an ASE is merely a lump of silver. The most beautiful lump of silver we've ever produced, but still. |
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Pillar of the Community
United States
1228 Posts |
What I was trying to say was would coin dealers pawn shops jewelers etc offer more for a proof 1oz ASE than a business version 1oz ASE in the same condition or are they both valued the same upon sale in there eyes a few dollars over current spot ? |
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Bedrock of the Community
Australia
21788 Posts |
If you try to sell them, you will only get bullion value less a percentage for them.
So they must be regarded form an point of view, as a bullion value only item.
HOWEVER,
There is nothing wrong with building a decent and interesting collection of different forms and types of silver bullion coins, and that is precisely what many collectors of bullion actually do.
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Pillar of the Community
United States
1228 Posts |
Bullion value only thanks
It's just good to know.The difference in value between a never opened mint capsul proof & a just off the press business version.
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New Member
 United States
26 Posts |
Quote:The bullion dealer down the street from my house puts a premium on BU bullion, particularly the current year's ASE's that he pulls from monster boxes. Even though I'm mainly stacking bullion ASEs when I buy them, I'll buy one or two of the current year but then for the rest of the year, I buy the older ASEs he has in stock for a dollar less of a markup. This is pretty much why I started buying them in the first place, the coin guy selling cleaned Peace/Morgan Dollars at 2-3X the Red Book value, and ASEs at a small markup. I've turned to ebay for most of my coins now, I haven't been able to find a dealer even close to reputable in Eastern NC. I would say the burnished and proof versions are way more than bullion, maybe not to the local coin guy but what you can get on ebay is definitely much more. In my case I just like silver dollars and I'm glad they've kept up the ASEs (bullion or not). My collection is pretty much all over the place: bullion versions, proof, reverse proof, burnished (some graded, one in the box with COA), whatever catches my eye but rarely two of the same year. Personally I think they did a great job with the reverse proof. |
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Replies: 19 / Views: 7,995 |
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Posted 10/31/2014 5:38 pm
