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American Eagle Silver Proof Or America The Beautiful Five Oz

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Pillar of the Community
United States
7197 Posts
 Posted 08/06/2013  2:43 pm  Show Profile   Bookmark this reply Add muddler to your friends list
I too would choose a 5 oz America the Beautiful coin over proof ASE's. I don't believe the 5 oz coins are proof but they will have considerable less mintage's than the ASE's and each with a different reverse design. The ASE's tho beautiful, become mundane after many are acquired and become lost in the set of vertically identical coins (I do have a full set of proofs minus the 1995 w). As the others would agree there is more silver for your buck with the puck.

Pillar of the Community
United States
899 Posts
 Posted 08/06/2013  3:00 pm  Show Profile   Bookmark this reply Add Doug58s to your friends list
Well... it depends. I'm not sure what your long term goals are here. With 3 proofs - if you opted to sell one in the future you'd still have 2 left, and the proofs do tend to increase in value - not huge increases at the prices they are being sold at today - but they do increase. They aren't actually tied to the price of silver.

The 5 ounce coin - is 5 ounces! That said, the price of silver has been dropping and 5 ounces is a lot of silver to hold when your losing $$ per ounce. These have no proven record for going up or down. They could have a great upside several years from now, or trade at the price of silver. They are just not a proven commodity yet.

That said... I'd buy the proofs if I planned to sell at some point. I personally collect both, but really like the 5 ounce coins.
Valued Member
United States
317 Posts
 Posted 08/06/2013  3:11 pm  Show Profile   Bookmark this reply Add PennyPiggy to your friends list
I went with the White MTN ATB rather than the west point set and I don't regret it.

I agree with 1916's point "3) "3.Not as high a premium over spot as proof ASE". At 154.95 that's $31 an ounce while a ASE proof is $51.95 an ounce.

And for $53.95 you can get the entire 2013 annual silver set with the silver quarters and the silver Kennedy and silver dime- that's over 1 oz with all the other nice coins like this year's Sac for nearly the price of 1 ASE proof.

So I feel I'm getting a better deal.

Actually I've been buying that and the pucks instead of the silver eagles this year.

The mint limit is 25k for the pucks while the mintage numbers right now is over 600K for this year's ASE proof.

But it boils down to whether you are a collector of either series. If you collect a particular series then that's your preference regardless of the price.

I'm not a big fan of the recycled design of the Walking Liberties and the reverse is lame on the silver eagles. The mint should have completed the process and reused the old reverse, which I strongly believe is way better than the current one. I just get depressed when I flip the silver eagle over and think about the walking liberty's reverse, but that's just me.

Walking Liberties are so wonderful, then I see that imitation. . ugh.

But anyway, if you haven't done so already, I would try my best to find a local coin store and see the products up close and not with pics and decide.
Valued Member
United States
459 Posts
 Posted 08/06/2013  4:55 pm  Show Profile   Bookmark this reply Add 1916 D Merc to your friends list
I purchased my Olympic 5 ounce ATB from APMEX for only $132, that's only $26.40 per ounce. (Less than or equal to the price of a BU ASE)
I retract my previous statement of it being a proof, however it is DMPL.. Close enough
Valued Member
United States
90 Posts
 Posted 08/06/2013  6:28 pm  Show Profile   Bookmark this reply Add ant024 to your friends list
Why not buy the burnished eagle then. Lower mintage and only $41.95.
Pillar of the Community
United States
899 Posts
 Posted 08/06/2013  8:06 pm  Show Profile   Bookmark this reply Add Doug58s to your friends list
You guys need to really knock off the price comparisons with silver when looking at a proof coin. The 1st thing you read on the proof is it is a numistic offering - and that has little to do with the price of silver. The value of a proof coin will generally hold close to the release price, and seldom do you find the ASE proof selling for less.

The only fair comparison to the P ATB - is a Burnished Uncirculated Eagle - if you are going to go on the price per ounce. Even that isn't a straight up comparison, because the burnished Eagle has a proven history of holding value above market silver.

As ant024 said - if your going on the price of silver - then buy a burnished Eagle and get 4 instead of 3... but I'd expect the proofs to retain value longer.

A bullion ATB or a P ATB... buy the P coin.
Pillar of the Community
United States
1817 Posts
 Posted 08/06/2013  8:14 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list
Here's my Two Cents: I like both, but have not collected the proof ASEs consistently since 1986. The ATBs I started with the 1st one on Apr. 28th, 2011, and 26 months later, I have 18 different coins = 90 oz. of Ag. Even if you had every different ASE since '86 including the set stopper of the 1995-W proof ($3,000+ coin) it only amounts to about 78 oz. The changing reverses are an attractive feature, and so far the set looks pretty uniform from design to design.
Valued Member
United States
90 Posts
 Posted 08/06/2013  8:56 pm  Show Profile   Bookmark this reply Add ant024 to your friends list
I think everyone is just off on this debate. A fair comparison would be bullion eagle vs ATB
Bullion eagle is around $25 right now. So you could have more silver oz that way. Or if your goal is to have the most silver oz why not just buy bullion bars and pay $2000 for a 100 oz bar ? Everyone has the thing they like. But trying to get as many ounces as you can its silly to be buying proof eagles if that's what your goal is. just buy bullion
Pillar of the Community
United States
899 Posts
 Posted 08/06/2013  9:13 pm  Show Profile   Bookmark this reply Add Doug58s to your friends list
ant024 - I agree there is a little off. I don't agree that a bullion eagle and an ATB are the same unless you are talking bullion ATB. The P ATB has a chance to actually go up in value in the long run. I think even the bullion ATB has a chance to resell over the bullion value... yet to really be seen for either.

The bullion eagles don't sell for much over market price - there are just to many of them out there.

I think the OP question - 3 proofs or 1 ATB... is one of the reasons the ATB has a hard time gaining traction for many buyers. They tie up a good chunk of money in a single coin - and don't know if they will have a market for it above market price for silver when they are done. Which is why I'd buy the proofs if I was in doubt - since you have historical data to show they resell at or above purchase price - year in and year out. The question is do you think ATB's will be worth more in the long run, and you can buy 1 at mint prices today - or should you buy 3 proofs?

Since I like both - I'd scrape up the extra cash and buy em both. 1 ATB and 1 proof Eagle... and gamble the ATB will hold or gain value.
Valued Member
United States
90 Posts
 Posted 08/07/2013  1:42 pm  Show Profile   Bookmark this reply Add ant024 to your friends list
i guess my point was the OP seems to be making his decision on getting 2 more oz for same price and if his end result is I want to own the most silver then he should just buy bars.
Pillar of the Community
Canada
576 Posts
 Posted 08/08/2013  4:32 pm  Show Profile   Bookmark this reply Add Liverpool to your friends list
Proof proof Proof, I have some bullion and owning silver is nice but for the most part I'm in it for the art work and 9 times out of 10 the proof formatt is more impressive. I have only one ASE it is BU and boring. My local coin shop never gets in the nice stuff from the USA.
My answer. proof ASE any day.
Valued Member
United States
95 Posts
 Posted 08/09/2013  10:15 am  Show Profile   Bookmark this reply Add ctguy to your friends list
Hi All,

Thanks for responding ultimately I went with 4 ASE proof and one ATB 5oz I want to see what it looks like before I think about more, the proof vs bullion debate is something new I'm learning.

I see and understand both sides of the coin (ok bad joke) but maybe it's a good thing to have some of both. I guess for me that would mean what my budget looks like compared to whats being offered compared to what I have the itch for, but I do need to educate myself more about both bullion and proofs.
Pillar of the Community
Canada
576 Posts
 Posted 08/09/2013  3:05 pm  Show Profile   Bookmark this reply Add Liverpool to your friends list
The thing with bullion is there is never enough where as a single special proof coin can be enjoyed on its own.
Pillar of the Community
United States
899 Posts
 Posted 08/09/2013  4:35 pm  Show Profile   Bookmark this reply Add Doug58s to your friends list
ctguy - looks like you are set. If you decide to part with an ASE or 2 in the future you'll find the resale value will hold for them, and may inch up over the years. I am new to the ATB coins, and have been buying the older ones in bullion and buy the new P ones as they are released - and find them to be quite cool. I'm looking forward to the next 2 releases of the ATB this year - especially the Mount Rushmore coin.
Valued Member
United States
95 Posts
 Posted 08/10/2013  08:11 am  Show Profile   Bookmark this reply Add ctguy to your friends list
I think I will continue to get both as time and money allow.

Bizybackson - Question, Do you think there is/will be a numismatic value added to the ATB 5oz series, I ask because if I'm thinking bullion why not bars? Am I wrong to look at the ATB 5oz as bullion mine are uncirculated .

Mind you I know nothing about buying bars or if bars are better than rounds / bullion ect, I have to educate myself about these first, but just wanted to throw the question out there.

I understand in purchasing bars the company name is important along with a s/n and assayed vs non assayed and many more things that a new investor will need to know.

Bizybackson

Quote:
Here's my Two Cents: I like both, but have not collected the proof ASEs consistently since 1986. The ATBs I started with the 1st one on Apr. 28th, 2011, and 26 months later, I have 18 different coins = 90 oz. of Ag. Even if you had every different ASE since '86 including the set stopper of the 1995-W proof ($3,000+ coin) it only amounts to about 78 oz. The changing reverses are an attractive feature, and so far the set looks pretty uniform from design to design.


Thanks -DJ.
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