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2012 Sae's Uncirculated Vs Bullion

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Pillar of the Community
United States
5629 Posts
 Posted 08/14/2012  09:44 am  Show Profile   Bookmark this reply Add Morgans Dad to your friends list
The collectors version as the W mint mark is known, is another animal, as far as collecting goes, the bullion silver is just that, a round silver 1 oz puck, the W mint marked silver round is a collectors version of the same. It will all make you dizzy....... Enjoy the hobby!
Bedrock of the Community
13014 Posts
 Posted 08/14/2012  10:54 am  Show Profile   Bookmark this reply Add basebal21 to your friends list
Its worth it if you like them. Like others have said the bullion holds no value other than its silver value while the w versions holds a premium on top of that
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 Posted 08/14/2012  11:28 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list
2011 bullion mintage around 40 MILLION

2011 burnished W mintage around 400 THOUSAND
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 Posted 08/14/2012  1:22 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list
Foxwoods has it right, the coin ratio will end up to be 100:1 bullion vs. uncirculated. So the $13-$14 premium per uncirculated coin is absolutely worth it, IMO.
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United Kingdom
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 Posted 08/14/2012  1:52 pm  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list
Can any post a picture of the W mint mark?
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 Posted 08/14/2012  2:12 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list
Here is the 2012 Uncirculated ASE. In addition to the mint mark, the uncirculated coins are struck on planchets made from burnished blanks. The burnishing significantly reduces surface defects and extends die life. The die are vapor sandblasted and hardened and the coins are struck with higher force than that used for bullion strikes. They are individually handled and packaged after striking. Far fewer coins are struck with uncirculated die than are with bullion die, making for less variation between first and last struck.

2012-Sae's-Uncirculated-Vs-Bullion
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 Posted 08/14/2012  2:37 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list
Here is a comparison of bullion vs. uncirculated in close up. The bullion coin (on top) exhibits less detail (a result of the lower strike force) and the uncirculated coin appears darker (exact same setup, images taken seconds apart with same lighting, aperture, and exposure settings) because the vapor sandblasting of the die makes the coin surface rougher at the microscopic level, resulting in better scattering of the incident light and making less light reach the camera lens. When we look at the coins side by side, they look the same because our brain messes with what we see. These images are of coins from a 2011 anniversary set.

2012-Sae's-Uncirculated-Vs-Bullion
Edited by clairhardesty
08/14/2012 2:37 pm
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 Posted 08/14/2012  2:37 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list

Quote:

Can any post a picture of the W mint mark?


W

Sorry...had to do it
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 Posted 08/14/2012  2:38 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list
FWM, is that image to scale?
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 Posted 08/19/2012  01:40 am  Show Profile   Bookmark this reply Add ghostrider to your friends list
To my recollection mintage of the uncirculated coin is less that the proof. I may be wrong. So in time the uncirculated ASE could be worth more than the proof. IMO.
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 Posted 08/19/2012  02:09 am  Show Profile   Bookmark this reply Add basebal21 to your friends list
As far as I know the uncir usually have a lower mintage for these, I think thats true for most coins, but the proofs still have the higher prices for now
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 Posted 08/19/2012  08:32 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list
That is true and I've never been able to figure it out....maybe the proof collector base is stronger....or maybe it's just because they are prettier
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 Posted 08/19/2012  3:06 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
It really is rather odd. Youd think at least some of the early coins would see that starting to adjust itself, but I suspect you nailed it on the head and their are more proof collectors. The similarities in look between the uncir and bullion probably leads a lot of people to believe that the proof is the lowest minted
Valued Member
United States
193 Posts
 Posted 08/20/2012  3:17 pm  Show Profile   Bookmark this reply Add mwr1550 to your friends list
I got my uncirc last Thursday. To my dismay it had a huge scratch or mark of some kind on the obverse just to the right of liberty. To make matters worse the return form looked like it had jammed up in the printer so the side where you list the reason for return was obliterated.
Ticks me of that they would have a problem like this. Where is their quality control? With such a low mintage there should be no reason for it.
Sent it back anyway with a letter detailing my feelings on the matter.
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 Posted 08/20/2012  6:48 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list
In cases like that you should always call and wade through to a real person and let them know what happened. At a minimum, you can get the ball started on refunding any money you spend shipping the defective product back.

Part of the higher price that proof coins carry is the fact that they originally cost a fair amount more to produce. Die and blank polishing, and die lifetime (significantly shorter than uncirculated die) all add to the cost and perceived value of proof coins. None of the ASE coins are rare by any measure and none are particularly difficult to obtain so variances in mintage have relatively low influence on market prices. Like most moderns, values are more dependent on how tightly the coins are held by collectors than mintage itself. Coins of low mintage that are readily traded may well have lower values than ones of higher mintage that are prized collection pieces.
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