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ASE's, The Dollar Of Our Lifetime

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muddler's Avatar
United States
7191 Posts
 Posted 10/31/2011  1:02 pm Show Profile   Bookmark this topic Add muddler to your friends list Get a Link to this Message Number of Subscribers
For most people alive today the ASE is the dollar of our era. Many refer to them as "bullion" and do not consider them a collectible coin. Morgan and Peace dollars received similar thoughts as they sat in bank vaults for decades unused and only represented the dollar they were worth as a face value. How things have changed with Morgans (the dollar of our Grandfathers) as they are highly desired by us today.

Yes there are many dates, mint marks, and production methods, and the mintage's are large for many of them, with most all in mint state or proof. How will they be seen for our grand children? The design is good and most are readily available on the market; the demand remains strong for them, just look at the 25th anniversary set sold out within hours of availability from the mint. This is a great modern dollar series that I am proud to have.

A proof example, 1994 p

ASE's,-The-Dollar-Of-Our-Lifetime

ASE's,-The-Dollar-Of-Our-Lifetime
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Granite's Avatar
United States
297 Posts
 Posted 10/31/2011  1:47 pm  Show Profile   Bookmark this reply Add Granite to your friends list Get a Link to this Reply
I think that in the future the ASE's of today will still be viewed mostly as bullion, and not a collectable coin per se. I say this because when Morgan's and Peace dollars were minted they were only worth face value. I just don't ever see silver crashing to a point where an ASE is worth a dollar, except for maybe an uninformed person who doesn't know any better.
Valued Member
United States
470 Posts
 Posted 10/31/2011  2:01 pm  Show Profile   Bookmark this reply Add Andrew289 to your friends list Get a Link to this Reply
It's great that you love this series but you are comparing apples and oranges.

Peace and Morgan dollars were actual dollars. They circulated and were used in commerce. ASE's were never coin of the realm. They were conceived and minted as bullion and proof version as collectibles.

So, to say that the ASE is the "dollar of our era, is not correct and misleading.

The real dollar of our era will be, Ike's, Susan B Anthony's, Sacagawea's, and the newly famous Presidential dollar series.

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barryg's Avatar
United States
5853 Posts
 Posted 10/31/2011  2:36 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Although I agree with Granite and Andrew289, I think I understand muddler's point. Yes, ASE's do not have a real face value of $1. But the point is that Ikes, Susan B. Anthonys, Sacagaweas, etc., will still be worth approximately $1 50 years from now, whereas the ASEs, just like the Morgans and Peace dollars of yesteryear, will rise and fall with the silver market and are therefore seen in the same light as a high grade Morgan or Peace dollar.

Maybe what the OP meant to say is that the ASE is the silver dollar of our era...
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bjones's Avatar
United States
304 Posts
 Posted 10/31/2011  3:19 pm  Show Profile   Bookmark this reply Add bjones to your friends list Get a Link to this Reply


But I would add this as to why I disagreee with the OP.

The % of ASE vs. Morgans/Peace that are used for currency/circulated vs the % which collectors hold onto in high grades is way off.

High grade Morgans/Peace dollars were only collected by a small % of people back in those does. Today just about all collectors know that ASE are to be held and collected not spent and circulated.

Back in the era of the Morgans/Peace dollars, silver coins were minted to be used as currency, today silver coins are minted to be collector's items.

This will always differentiate pre-21st century 90% US coins and any modern "fine silver" US coins minted.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 10/31/2011  3:22 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I agree with what has been said above, the ASE is not even in the same category as the Morgans and Peace dollars. Yes the ASE has a face value of $1.00 but it was never meant to be traded for face value like the Morgans and Peace dollars were. The ASE will always be bullion because it has always tied (even at the mint) with silver spot price and the Morgans and Peace dollars were actually worth $1.00 when they were minted and circulated. We have plenty of circulation dollar coins in this era that is following suit of the Morgan and Peace dollars as they are sitting in bank vaults because no one wants them, the difference is they have no bullion value tied to them so the Human race will probably be on another planet and doing excavation work on earth digging up the past like we do in Egypt before they will ever be worth more than face value. Even then I am not sure they will ever be worth much because I have seen coins that are a thousand or more years old still not worth very much today and some of those are in very good shape
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GR58's Avatar
United States
11951 Posts
 Posted 11/01/2011  08:31 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Interesting topic.

I don't think muddler is meaning to take anything away from the classic Morgan dollar. But the American silver eagle is a very popular coin.

In the coin shops, I see more people dealing in ASE's then all the other dollars combined.

They are buying and selling them for silver investments. But also they are putting together Dansco albums, and putting together complete sets of proof boxed coins. There are many collectors with complete sets of slabbed ASE's. And they are also traded in rolls and monster boxes. This coin falls into every area of coin collecting.

As for modern circulating dollars. SBA's are a dead series.
Ike's, I really like them, but they are really not a hot item at the coin shops I go to. For the small gold dollars I think most collectors of them put them away just because they are in the mint sets they break open. I am sure there are some that are really into this group of dollars but is is a much smaller group.

American silver eagle has it's share of key coins.
The 1995 W is one that many collectors would like to have, but is at a price range most to not want to purchase it.
There is also the 20th and 25th anniversary reverse proof coins and the 2008 w/reverse of 2007 burnished coin.

Look at all the collectors that got mad when the mint did not put out the 2009 proof ASE.

Weather we like it or not, this dollar coin is very very popular. These dollars are not sitting in government storage, pretty much every ASE they make is sold, and is owned by collectors and investors.

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