Any News On 25th Anniversary ASE Set?

Well said, clairhardesty. Someday when the element of label chasing runs its course and sanity regains its foothold in the numismatic market, collectors will once again realize the true rarities are in the circulating classics which were not made by the Mint as collectibles nor to be graded and encapsulated by a TPG. Classic coins are truly limited in number of survivors unlike the artificially created coins for collectors, 80-90% of which will still be available in mint condition after a 100 years.

The short answer for you folks on whether the anniversary labeling makes any difference is an unqualified yes, particularly if you plan to flip the coins for a profit within a few weeks.

What if the ASE set arrives damaged? I've had to send silver proof sets two and three times before getting one that was acceptable. If a limited mintage set like this arrives with problems you might not be able to get a replacement. How does the mint handle these cases?

It is likely that the mint has actually minted and encapsulated slightly more than the 100,000 sets that will be sold, for exactly that purpose. They surely ordered more than exactly 100,000 blue boxes to cover themselves in the same light. If your set arrives and you open it and find any part of it damaged and unacceptable, call and make arrangements for a replacement.

Smoker... I am sure that you did not pay many times what a West Point bullion coin costs for an SF minted one and I have nothing against nominal premiums being paid for descriptive labeling. I just don't think that there is any inherent difference in the value of the underlying coins (both are minted in the millions). I do think that this trend to pay many times, often orders of magnitude, for labeling (and for desirable toning as well) is destined to eventually collapse, leaving the last person to purchase such a coin out in the cold. Again, nominal premiums for toning, labeling, and packaging are totally acceptable but, in my opinion, paying multiples of the underlying coin's value for such products is risky business if one is expecting to reap a long term profit. The vast majority of the coins in my collection will not be sold by me and I do believe that if my sons eventually decide to sell them that they will see a reasonable return on my investment. I never meant to imply that you are less of a collector or that your brain is lacking just because you paid a reasonable price for something you wanted for your collection. I do, however, kinda feel that way about people who pay many times a coin's naked value for such things. If you are buying such things to turn a profit on the ongoing frenzy, OK, but that is not collecting, that is speculating, and the fact that coins are involved is irrelevant.

Again, I have no issue with your point. I partially agree. The part that bothered me was the seeming "if you pay more than I think a coin is worth you are an idiot and not a real collector" attitude. Note I said seeming. If that is not your thought process, my apologies.

However, your point about the level of premiums paid.is not valid beyond your own wallet. And thats fine. It just does not apply to everyone else, nor should it.

Oops...forgot one more




Told you so....

Concerning the grading of one TPG, consider what came out of the recent "Omaha Hoard".

Hey guys, new collector here. I am hoping on getting this set if I can get through the website or by phone. My question is, while paying with a CC will the mint charge go on your card right away or will they wait to charge you when they send it in out for shipping? Just wondering, if the later I can save up somemore and pay it off all at once. I hate having a CC bill on my hands. I know some online stores do not charge till they send out the shippment. I cant remember if the mint is this way or not.

Just reading through the last couple pages, provides a lot of information ... lot to think about.

As most are thinking, I am trying to figure out how many sets to purchaes and what to do with them once
I get them.

The last two sets where this problem happened was the 20th ASE set and the Lincoln C&C set.
I am thinking this set will be harder to get than both of those, getting the set ordered will be hard
and sell out might happen sooner than the above sets did.

Then let's say you do get 5 sets. How hard will it be to sell the extra sets at a good profit.
E bay will be flooded with sets. My local dealer(s) will be trying to get 10 sets.
The two sets I mentioned went way up in price .. then came down to current levels.

I am thinking this set could go up to $500 to $600, but how easy will it be to find a buyer at those
prices. Of course I would agree we would not lose money, if bought at issue price, but in my experience
selling these sets at top price is not always that easy.

As for sending into a TPG, in my opinion I will do this only if I want one of the set I keep
to be slabbed, not to gamble that I can send 5 coins in and hope to get a 70 grade on all or
most of them.

IMO on the special label. I think if I had a choice to purchase the exact same coin, at the same price
one raw, one in a regular labeled slab or one in a special cool looking slabbed label. I know I would chose
the cool looking special label. I think others would do that too .. so if that is the one most would chose,
then it only makes since that you can get more money for that special label slabbed coin .. that is if the
price did not get crazy.

And as for the 70 graded coins. I think some of the issue depends on if you are the buyer or the seller.
If for what ever reason you sent a coin in to be slabbed and it came back with a 70 grade. Would you say then
that the 70 grade prices are crazy and sell the coin at close to a 69 graded coin .. or would you want to try
and get much more?