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 Replies: 20 / Views: 2,529 |
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Pillar of the Community
United States
1213 Posts |
I would certainly go with Proof/BU Franklins ove ASE's. As others have said, you at least have something collectible and they could become more valueable if melting start to happen on the lower grade ones. |
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Pillar of the Community
United States
927 Posts |
If you are buying for the bullion value only, then go with the best deal closest to silver spot. If you are also looking for potential price appreciation, I think Franklins in BU or Proof will do better in the long run. And don't bother to get either the Franklin's or ASE's slabbed. You will never recover your cost unless you get a 70 grade (doubtful). I agree with the melting thing. No one will melt the ASE's but circulated Franklins will be melted if the price is high enough. |
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Moderator
 United States
188770 Posts |
I would choose the Franklin half dollar. My choice is based on my preference as a collector, not as an investor, so react accordingly.  |
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Valued Member
United States
439 Posts |
If I understand correctly you are paying $1 over melt for each. The halves are currently $13 melt and you would pay $14, the ASE are $36 melt and you pay $37. You are paying a 7.7% premium for the Franklins and a 2.8% premium for the ASEs. One way to look at it. However if silver goes to 0, you still have a franklin worth 50 cents plus the collecting value of it being BU or proof. I am not sure what I am trying to say. I always buy coins over bullion. |
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Moderator
United States
188770 Posts |
Quote:
However if silver goes to 0, you still have a franklin worth 50 cents plus the collecting value of it being BU or proof. I am not sure what I am trying to say. I always buy coins over bullion. An ASE has a legally declared face value of one dollar, so there is that to consider. Not that it affects my choice; I still prefer the "real" coin over the bullion coin. |
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Pillar of the Community
United States
3184 Posts |
Id prefer bu and proof franklins.
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Valued Member
United States
439 Posts |
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Pillar of the Community
United States
3755 Posts |
First, I consider both to be real coins.
That aside, I absolutely love ASEs, BUT, I would go for the Franklins first.
And I disagree 100% with perfesser. If you have higher end coins, send them to ANACS or ICG and get them graded. Unless you are just collecting silver for bullion investment then just get bars or rounds and be done with it.
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New Member
 United States
11 Posts |
Thanks for all the great replies. To clarify I'm buying the Franklins at about $1 over the silver spot and I can get ASE's at about $3 over spot. VS. silver spot its about the same ratio. Picked up another roll of Franklins this week :)> |
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Moderator
United States
188770 Posts |
Quote:
First, I consider both to be real coins. It has been argued before (that the ASE is not a coin), but I agree that the ASE is a coin, which is why I said "real" coin in quotes. |
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Pillar of the Community
United States
3755 Posts |
jbuck, missed the quotes there. They are one of my favorite coins and it just gets under my skin when people pound the they are only bullion drum.
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Pillar of the Community
United States
927 Posts |
Smoke, don't get me wrong. I am not against getting high grade coins slabbed. I just think that Franklin's or ASE's are too common to be worth it, even for the higher grades. I love both of them and I prefer to look at them directly (not through a slab). |
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Pillar of the Community
United States
3755 Posts |
perfessor one part of me is right with you. I love to be able to put on a pair of cotton gloves and handle my coins directly. But they do need to be protected when in higher grades, so at the least I am putting them in my own slabs or air tights, so that goes out the window anyway. So for some of the coins, why not be graded? *going back to fondling my 2011 proof ASE that got here today...in the air tight of course*  Edited by smokeriderdon
07/09/2011 11:56 pm
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Moderator
United States
188770 Posts |
Quote:
They are one of my favorite coins and it just gets under my skin when people pound the they are only bullion drum. In my mind, they are no different than any other NIFC coin.  |
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Pillar of the Community
United States
1590 Posts |
One thing is that with the advent of the "Bullion Age"; we have seen many coins sell for their bullion value and not their book value. A good example is the 1955 Franklin which, in MS 63 books for $25. Yet for the past year I have never paid more than spot for one. And I now have a couple dozen. The same with the 52S. It books for $70 in MS 63, and I have collected 8; all at spot. I have even collected 5 49S'at spot. Another really good example; I just picked up a 27D and 26S Peace dollars at $30. A dealer in California has trays of Peace and non-ms Morgans( as well as 21 Morgans) that he sells for $30 each. He does not see any value in holding out any Peace dollar other than the 21s; unless it is MS65 or better. Just as an aside, here in California where People regularly went to the Casinos on the weekends, you can find bags and bags of mixed Silver dollars. However; try to find any pre-40s Mercs or SLQs. Pretty hard. Now out in Ohio the town I live in was a Rail Road hub. The bags of coins that dealer gets in typically have dozens, and even hundreds of Mercs. Lots of Barbers( of all denominatins) and a fair amount of SLQs. But his supply of Silver dollars is almost Nil. I think this is like the time of the Mint Release of Silver Dollars in the 60s, Common and undervalued as coins because of the flood on the market. However; 10 to 15 years from now when the a large number of these coins have been melted and the rest are hidden away agin, the prices will probably skyrocket. Just my opinion |
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Posted 07/06/2011 02:22 am
