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 Replies: 11 / Views: 1,260 |
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Valued Member
United States
397 Posts |
I've got 6 MS69 eagles that I bought off a seller a few months back. Got a great deal on them so I'm not TOO worried about the value, however I'm curious if I should consider selling them and working on other older pieces, or if they will show decent appreciation.
If I sold off the group I have, I imagine I could find a few circulated CC morgans which seem to always do quite well in terms of value. Any thoughts would be appreciated!
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Valued Member
United States
362 Posts |
ASE's will always garner a premium. Per NGC it appears they have dipped as of late in price but still shows over time they still hold that premium.
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Pillar of the Community
United States
4901 Posts |
MS69 ASE's are running right around $50 now and will appreciate as spot silver rises...intrinsic metal play with a little premium for the slab. The circulated CC Morgans are a fantastic collectible with a lot of history behind them....numismatic/historical value Both have their niches and both are worth keeping but for different reasons |
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Pillar of the Community
2224 Posts |
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Valued Member
 United States
397 Posts |
Can anyone tell me what the average % return rate is?
These are all older MS69s, '86 through '96.
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Pillar of the Community
United States
1302 Posts |
If you are looking at coins as an investment then you should dump the ASEs and look at the highest grades you can get in key coins from popular series.
a 1909 S VDB of a 1916-D will go up in value faster than the same value worth of ASEs.
I generally avoid all coins that have a low chance of being destroyed through use. In other words, think of all the people who are non-collectors holding onto ASEs because they bought them on a shop at home channel. These coins will flood the market year after year until we are all dead.
I'd also avoid Gold coins right now, because gold is massively overpriced.
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Pillar of the Community
United States
4901 Posts |
Quote:
a 1909 S VDB of a 1916-D will go up in value faster than the same value worth of ASEs. Really? I don't think so... Using NGC historical price data a 1909 S VDB (using MS60 for illustration): ... 3 years ago was priced at $1630 ... today priced at $1680 I would call that a wash.. 3 years ago an ASE (ungraded-raw) could be bought for around $13 ...$1630 = 125 ASE's...APMEX now selling those 2008 ASE's for $37.76 each x 125 = $4720 1909 S VDB has really had no price appreciation for years and, anyway, is probably out of reach of most collectors. ASE's, yes, are a pure metal play but would have resulted in a profit of $3100 for the same cash outlay..(and this is with silver down $10 from recent highs) |
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Valued Member
United States
362 Posts |
NGC does show MS grade has appreciated in value, however the % of return depends on the year. I think ASE will always carry a premium and will be just as easy to sell as a 1909 S VDB, IMHO. Besides, it's never a bad idea to have some PM on hand. |
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Pillar of the Community
United States
4901 Posts |
Quote:
NGC does show MS grade has appreciated in value, however the % of return depends on the year I was comparing RAW (not NGC graded) ASE's with a NGC graded MS 09-s vdb and comparing both 3 years ago (2008 ASE).. but... the year of the ASE does not really have a significant impact in price other than maybe the 1996 but even that premium has been decreasing with the higher spot price MS grade of the 09s VDB has appreciated insignificantly over that period and that was the point I was trying to make...one key older cent at $1600 will NEVER equal the increase of 125 ASE's when spot increases. |
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Valued Member
United States
397 Posts |
What are you going to do if spot drops down to $20/oz? If that happens the ASE value will plummet , and the 09s-VDB will still stay the same. |
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Pillar of the Community
United States
4901 Posts |
That is absolutely true...but...I don't invest in a product where my best potential gain is zero..
Any product has its risks be it stocks, bonds, mutual funds, housing (eeek!) or metals. Yes, the more volatile the product the more risk and thus the potential gain is appropriately higher.
I think the issue is comparing a highly collectable with great numismatic value to a pure metal play....apples and oranges. One is a prized item and the others are potential money makers.
Oh, if silver goes to $20/ounce I will be all in and backing up the truck. Buy when others are selling and sell when they are buying...It will be $40 again way before it will be $20 but that's just my opinion...
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Valued Member
United States
410 Posts |
Quote:What are you going to do if spot drops down to $20/oz? If that happens the ASE value will plummet , and the 09s-VDB will still stay the same. Likewise what would you do if the number of coin collector continues to decline and fewer and fewer people are interested in your 09s-VDB? |
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Replies: 11 / Views: 1,260 |
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Posted 10/08/2011 08:34 am
