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Replies: 20 / Views: 5,391 |
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Bedrock of the Community
 United States
12845 Posts |
So, to hopefully clarify things... there are (generally) 3 ASEs produced annually: o Bullion. no mint mark. Not sold through the mint web site but rather through 3rd-party bullion dealers. Investment quality. YMMV but generally available for silver spot + a fee of $4-$6. Try your local bullion dealer or an online PM dealer. o Proof. Mint mark can vary, but there will always be a mint mark. Available directly from the U.S. Mint. Varieties include Reverse Proof and Enhanced Proof, included in various special one-time sets. Includes OGP. o Unciruclated/Burnished. Mint mark can vary, but there will always be a mint mark. Available directly from the U.S. Mint. Includes OGP.
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New Member
 United States
45 Posts |
Thanks for the clarification...wealth of info here.
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Bedrock of the Community
 United States
12845 Posts |
No worries. ASEs tend to be quite confusing due to their split numismatic and bullion nature. Happy to help with additional questions. 
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Valued Member
United States
408 Posts |
I love my American Silver Eagles. It is one of the most beautiful coins ever made.
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Bedrock of the Community
United States
11951 Posts |
Also ... just so you know .. (CelticKnot said it vey well) The mint started making Burnished ASE's in 2006. Before that it was only Proofs and Bullion versions. And .. If the coins were sold through the mint sales, it would come in a box with a COA. Bullion coins .. no mint mark .. no box .. no COA
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Pillar of the Community
United States
4901 Posts |
Bullion coins (not sold direct to the public) come in rolls like this:  which are in "monster" boxes of 500 coins like this:  Burnished coins (W mint mark)sold directly to collectors by the Mint come packaged individually in presentation boxes like this:  Then there are S mint and reverse proofs, and proofs and enhanced finish ASE's but we won't go there yet.. 
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Valued Member
United States
160 Posts |
Quote:Bullion coins have no mint mark. They are struck at either San Fran or west point. Unless you are getting it from a sealed monster box you can't be certain. The strap bands identify which mint the box came from. That's why you see bullion american silver eagles stabbed as (w) or (s) because a sealed monster box was submitted for bulk grading I believe they started identifying whether a "bullion" ASE was struck at San Fran or West Point in 2011. You won't find a "bullion" ASE labeled (S) or (W) 2010 and prior. Also, I don't think San Francisco minted "bullion" ASEs in 2015 or 2016. Again, you won't find 2015(S) or 2016(S) "bullion" ASEs. ***clarification, my original post said "uncirculated" ASEs, I was referring to "bullion" ASEs, corrected it so not to create any confusion***
Edited by JRG 09/19/2016 3:16 pm
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Bedrock of the Community
 United States
12845 Posts |
Quote:I believe they started identifying whether an uncirculated ASE was struck at San Fran or West Point in 2011. You won't find an uncirculated ASE labeled (S) or (W) 2010 and prior. That's not accurate. Again, do not confuse "uncirculated" (also called "burnished") with "bullion". It's easy to do but they are two very distinct products. Uncirculated/burnished have been produced since 2006, except for the years 2009 and 2010. They all have "W" mint marks except for 2011, which has both "W" and "S", the latter ASE only being available in the ASE 25th Anniversary set. Quote: Also, I don't think San Francisco minted uncirculated ASEs in 2015 or 2016. Again, you won't find 2015(S) or 2016(S) uncirculated ASEs. That's correct, but I believe you're referring to bullion ASEs, which is also correct. No bullion, uncirculated, or proof ASEs have been minted at San Francisco since 2014.
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Pillar of the Community
United States
4901 Posts |
He meant "bullion" and not uncirculated...point was appropriate I have no clue why "uncirculated" is often used. I haven't found too many ASE's in circulation 
Edited by Foxwoods Man 09/19/2016 3:54 pm
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Valued Member
United States
160 Posts |
Semantics was never my strong point lol...
If it was up to me, bullion ASEs would be called uncirculated and graded MS##, burnished would be called burnished and graded SP##, and proof called proof and graded PF##
Wouldn't that make more sense?
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New Member
29 Posts |
You Mean like this ? 
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Bedrock of the Community
 United States
12845 Posts |
Nice set, Space22! The 2011 ASE set is truly impressive and one of my all-time favorites that the mint has put out. It should be noted that the bullion ASE included is identified as "bullion" in the COA. @JRG - I see your point but the products are pretty well-defined as it is. Your suggestion would help clear up the confusion of what exactly "uncirculated" is, perhaps; however, that would not mesh with other products the Mint releases that are "uncirculated". Pretty much if it's released directly to the public through the Mint and it's not proof, it can be called uncirculated. If it goes straight to the APs, it's bullion. That's over-simplifying things, of course. I'm not trying to be argumentative or flippant here, but word choice does matter, and this really is not semantics when it's well-defined and -marketed product offerings from the mint. Now do I agree with the "uncirculated" moniker and use thereof? Not really, but I'm used to it. I apologize if I'm making a mountain out of a molehill.
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New Member
29 Posts |
Thank you very much. Purchased a few at the opening bell. Never forget the amount of controversy adjoined with this offering. We were blogging months after as many long time collectors were furious they did not receive a set. We were on Coin Net, Coin World and many other forums relating to the aforesaid. Even Louis Golino was part of the conversation, providing excellent commentary. * To be honest, I never read the C.O.A. as yet. If the C.O.A. makes no mention of that fact, 'it should have'. The sets are still in the original exterior boxes shipped from the U.S. Mint. You know, in a way I really enjoyed the "action" of ALL the fanfare associated with this set. However, as stated there were numerous angry people that were furious, absolutely furious in not receiving any. That's quite a few posts you have.
Edited by Space22 09/22/2016 10:48 am
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New Member
 United States
45 Posts |
The main reason I inquired was for my spreadsheet. I always list the mint. It looks like this will get confusing as I'm collecting the coins from 2016 down, which I have 2016-2012 now.
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Pillar of the Community
United States
1027 Posts |
This year's ASEs blur the line between uncirculated and proof ASEs. From a numismatic standpoint, both are struct at least twice on specially prepared blanks using specially prepared die sets at higher forces than bullion coins, then individually handled and packaged for sale. This year (at least) both uncirculated and proof coins are being struck three times on a Gräbener GMP 360 press set at 225 tons of pressure. That pretty makes both of them proof coins, one is a satin proof and the other a cameo proof.
In 2011, the mint confirmed that all of the bullion coins used in the 25th anniversary sets were struck at the San Francisco mint and then individually handled on their way to the capsules. That is why so many of the bullion coins from the sets received 70s. Of course the only to get them slabbed as coming from the set now is to deliver an unopened box from the mint for grading. You can still get the First Strike designation from PCGS as long as the date on the package is before the cutoff date. I still have four unopened original sets, each in it's own box.
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