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 Replies: 11 / Views: 2,481 |
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New Member
United States
21 Posts |
Newbie here regarding ASE's. Can't find answers with google search as every result seems to be folks selling them. I have a few questions which I hope can be answered here. I'm set to receive the 2023 ASE Proof coins when they're released by the US Mint. (I subscribed) but now I'm not so sure I actually want the ones from the mint.... Am I better off getting the 2023 proofs in original government packaging from the Mint, or waiting and buying them later (eBay, etc) after all the hoopla (and pricing) has died down? Historically, do the graded Proof ASE, cost much more than the original cost shortly after release? To be blunt.....I don't want to pay (for example) $100 on a Proof ASE from the Mint, and then find a PS70 on ebay for $120 later. Am I correct in thinking the PS70 will retain it's value more than the ungraded Proof in original government packaging? I've tried to find answers on google, but there's nothing. Feel free to give me your thoughts on Proof ASE's in general if you'd like. These'll be the first ASE's for me. |
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Pillar of the Community
United States
7276 Posts |
No one can answer your question. Because we have no idea what you have next to you or your resources. My take on this is this: For limited release items like the 2019 S- Enhanced Reverse Proof, get them from the mint, the secondary market will kill you with a huge markup. For majority of items, its cheaper to get them after they are released for a few years. For example I wanted the Pride of 2 Nations, I ended up getting one for a 30% discount from the mint price. BUT I will add this, what becomes a sleeper and what becomes hot is hard to tell. The initial batch of Morgans/Peace had the CC and O at crazy prices, those are more reasonable but try to buy a Peace dollar, the prices are much higher than the Morgans. I think with anything coming from the mint you have to make a decision, my personal opinion is that common proof coins will generally never go up much in price but the limited edition items will be hard to buy on the secondary market. Where ever they come from you won't be able to tell which came from the mint and which didn't. Can you tell from the below which is which?   |
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Moderator
 United States
96597 Posts |
 to CCF I subscribe for all the ASE's from the mint from the current year. (I want the COA to go with it for my records.) Yes, a PF70 will hold much more value than even a PF69. As for where you purchase your Eagles is more of a personal preference. I bought all my ASE's ungraded, and am currently getting them graded (8 coins at a time) If you care to look, you can see my ASE collection by following the link in my signature below. Edited by Dearborn
01/21/2023 3:45 pm
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Moderator
United States
96597 Posts |
Helder! why did you type that in before me? lol
And I agree with the info you just posted.
Edited by Dearborn
01/21/2023 3:41 pm
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Pillar of the Community
United States
7276 Posts |
@Dearborn, Sorry, want me to delete it  |
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Moderator
United States
96597 Posts |
naw, you can leave it, after all it did contain some useful information..  Edited by Dearborn
01/21/2023 3:44 pm
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Pillar of the Community
United States
2365 Posts |
You might get some different answers on value added. That said, it's always good to purchase directly from the Mint. I haven't seen the Mintage numbers yet but, it may be a good bet that they will be historically lower. Ofcourse, I can be incorrect about that. Your coin, will come in a nice little box and the coin will be protected in an Air-Tite type holder. Yes, the coin should retain it's value or better. In today's market, collecting is sometimes a crap shoot. Prices will fluctuate. In any case, an ASE Proof from the Mint will be a very nice coin for your collection! Good job! Welcome to the wacky, wonderful world of Numismatics!  Edited by dsking
01/21/2023 3:50 pm
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Moderator
United States
56855 Posts |
johnny42, My question to you is what is your intent for the coins? The answers might be different. John1  |
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Valued Member
United States
425 Posts |
I purchase my proof silver eagles directly from the United States Mint, and as of last year they were $73 a piece, not $100. I purchase direct that way they do not pass though other hands. I also do not care about "grading" them with the high fees and long wait times. Why would one pay $50 or so for grading and shipping for a $73 coin? All of mine remain in their original government packaging going back to 1986. That provides more value to me than a coin in a slab. I purchased mine for the enjoyment. Price is a funtion of supply and demand, and those in slabs seem to have a strong percentage coming as MS70 and almost all the rest MS69.
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New Member
 United States
21 Posts |
I appreciate all the input and opinions. Also appreciate the insight into questions I didn't ask. My intent with these coins is to hand them down and not resell. But I have another question if you guys still have the patience? Is it safe to assume, at least partially, that with todays technology with minting proof coins, most proof coins will be pretty high up in the PF scale? It's hard to image that a new ASE would ship from the mint and end up a PF65 or less? I'm unclear on a couple things. Bullion dealers can get 2023 bullion ASE's. Do some submit them to NGC for grading and can they end up as MS70? Does the mint produce bullion ASE the same as Uncirculated ASE sold to the public? Are they the same strike, just earmarked for who's buying them? Would NGC know they're grading a bullion coin vs. an uncirculated ASE if they're submitted by an individual? I'm asking this because of how many are minted. For example, if the mint strikes 500,000 proof coins but only 250,000 Uncirculated coins ( ASE) and you have an MS 70, it might be rarer than a PF70 and possibly more valuable. Question: does the mint strike the ASE 3 ways? Bullion, uncirculated and proof? I think I'm going to go through with my subscription of the Proof ASE. The additional questions are just for background knowledge as this is my first foray into ASE's. |
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Pillar of the Community
United States
7276 Posts |
I just read and reread your post. I'm going to be blunt, if you don't know the difference in the various types of ASE, you should not be buying them. Look at the picture I posted. In 2019 the mint released 4 different finishes. They released bullion, uncirculated, proof and enhanced reverse proof, there are also enhanced uncirculated and reverse proof. Each is really easy to tell apart, even non collectors can tell that they are different of course the graders can tell the differences. |
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Pillar of the Community
United States
1233 Posts |
The bullion and Uncirculated strikes look similar, but ARE handled differently. Main difference is NO bullion carries an actual mint mark. You will see labels with IMPLIED mint marks on bullion ASEs, but there is no mint mark on the coin. Uncirculated planchets are different and they are handled like a proof. They are encapsulated and boxed and sold on an individual basis, rather than packed in tubes and then monster boxes. Yes the approved resellers will submit bullion for grading. I'm not sure how low they would grade, is assume the bulk are 69s, some a little lower, some are 70s, I think it's assumed the 70s on a bullion are fairly rare. My guess is about 90% are 69s. Yes, the mint dependably mints the 3 finishes you mention. In 2009 there was only bullion. In 2010 there was only bullion and proof. And Uncirculated was made starting in 2006, again except 2009 and 10. There have been additional finishes, to just name them they have also made reverse proof, enhanced uncirculated, and Enhanced reverse proof. |
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Replies: 11 / Views: 2,481 |
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Posted 01/21/2023 3:31 pm
Uncirculated American Silver Eagles 
