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2011 ASE 25th Anniversary Set- Reverse Proof Vs. S Mint Mark

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Teach's Avatar
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1255 Posts
 Posted 12/07/2011  12:23 pm Show Profile   Bookmark this topic Add Teach to your friends list Get a Link to this Message Number of Subscribers

I don't know if this has already been discussed on this site or not, if so can you point me to the thread? I have noticed that the reverse proof is selling for slightly more than the S mint mark ASE in the 25th anniversary set. Why is that? Aren't they same in terms of rarity? Why is one selling for more than the other, because one is proof and the other is not maybe? Maybe one coin is more pleasing to the eye? Just trying to get a handle on why one is selling for more than the other in this set. Do you think this trend will continue into the future or will the S mint mark catch up some day?
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barryg's Avatar
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 Posted 12/07/2011  12:48 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
I'd have to say it's because, while the mint has produced many different uncirculated SAEs (with or without "S" mint marks) over the years, they have only produced two different Reverse Proof SAEs (2006 and 2011). Visually, the Reverse Proofs are just more exotic and desirable.
Edited by barryg
12/07/2011 12:48 pm
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Foxwoods Man's Avatar
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 Posted 12/07/2011  1:06 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
The Mint has only produced one S Mint marked ASE (this one) vs. 2 RP's..it is unique to the series
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Teach's Avatar
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 Posted 12/07/2011  1:09 pm  Show Profile   Bookmark this reply Add Teach to your friends list Get a Link to this Reply
I know there has only been one S, but 2 RP ASEs, but why do you think the 2011 RPs are selling slightly more than the 2011-S? Any thoughts?
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biokemist6's Avatar
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 Posted 12/07/2011  1:16 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The RPs have a visual appeal to them that is not shared by any other US minted coin, not too much is unique about a simple S mintmark on an otherwise-ordinary bullion coin.
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Teach's Avatar
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 Posted 12/07/2011  1:40 pm  Show Profile   Bookmark this reply Add Teach to your friends list Get a Link to this Reply
I have another question that coincides with my other questions. After all of the FS and ER grading is completed and we have an idea of how many of the other 3 non keys there are that have been graded, will their value begin to rise?
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Foxwoods Man's Avatar
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 Posted 12/07/2011  3:27 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Early Release is done with on this issue but First Strike will be with us for quite awhile.

New Member
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 Posted 12/07/2011  3:38 pm  Show Profile   Bookmark this reply Add johnnybro123 to your friends list Get a Link to this Reply
Proof coins always command a premium check the mint pricing proof vs. uncirculated
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DNA's Avatar
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 Posted 12/07/2011  7:31 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
The Mint has only produced one S Mint marked ASE

1986-1992 Proof ASE's have "S" mintmarks.
However, the 2011-S is the only non-Proof ASE with an "S" mintmark. Making it truly a "one-of-a-kind" coin, unlike the Reverse Proof.

It must be admitted that there is only one other Reverse Proof to date (the 2006-P), and the 2011-P is the lower mintage of the two.

Also, the inclusion of a 2016-P Reverse Proof in a 30th Anniversary Set now seems like a sure bet, much more so than a 2016-S burnished.
I wish they'd do a 2016-D ASE for that Set!
Edited by DNA
12/07/2011 7:32 pm
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smokeriderdon's Avatar
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 Posted 12/07/2011  8:36 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
It is primarily because of eye appeal. Between both sets, there are 350,000 RPs. There are only 100,000 of the S burnished. So I believe eventually the S will end up over valuing the RP. Just right now the RP is prettier.
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DNA's Avatar
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 Posted 12/08/2011  07:13 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
Proof coins always command a premium

True for their Mint issue price, but in the secondary market, there are exceptions to this rule. Notably in modern commemorative coins.

The 2009 Lincoln Silver Dollar is now worth more in Uncirculated than Proof.
Mintage was 375,000 Proof and 125,000 Uncirculated.
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Foxwoods Man's Avatar
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 Posted 12/08/2011  08:25 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
2009 Lincoln's are just about a wash with the nod leaning towards proof..

Last 3 OMP sales on ebay:

Proof: $49, $52, $55
Unc.: $46, $45, $52

Reason why I went there is because I had a few of both I was going to list for sale and decided to hang on to them because of the present low realized sale prices
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Conder101's Avatar
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 Posted 12/08/2011  09:13 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
The reverse proof sells for more because it is VISUALLY different.
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Teach's Avatar
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 Posted 12/08/2011  1:02 pm  Show Profile   Bookmark this reply Add Teach to your friends list Get a Link to this Reply
Thanks everyone for your opinions on this. I like the look of the RP, but I feel that someday that the S mint mark ASE will surpass the RP in value in the future.
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clairhardesty's Avatar
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1027 Posts
 Posted 12/08/2011  3:18 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
From an artistic/craftsmanship point of view, the reverse proof coin is much more complex. The 2011 RP is made slightly differently than the 2006 coin was. For the 2011 coin, the die is first highly polished, then the matte surfaces are laser etched, and then the whole die surface is vapor coated with chrome nitride to harden it. The uncirculated die are simply vapor "sandblasted" before use. I do not know which die last longer but I suspect that more coins are struck with an uncirculated die set than with a RP die pair, adding to the production cost of the RP coins. The RP coins also use the same highly polished planchets used for normal proofs, whereas the uncirculated coins use the burnished planchets, another factor that increases the production cost for RP coins. While it has been noted that cost of production does not always correlate with secondary market prices, there is certainly some effect. Personally, I do not see any difference in "rarity" between the S-uncircualted and the the RP, both have the same mintage and come from the same set. Whether or not other similar coins have been minted is unimportant. Neither coin is part of a series in the normal sense. The 2011-S unc differs from the 2011-W coin in mint mark only, the 2011-P RP leaves a five year gap since the 2006 coin and is created using a different (and for now, unique) process. To try to put meaningful weights on the differences and similarities between these coins and others is probably a fruitless task. Given the equal mintages, history says that the RP will probably always command a slightly higher price, simply because of its more complex surface. I don't believe that either coin will ever be seen as rarer than the other.
Edited by clairhardesty
12/08/2011 3:21 pm
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Foxwoods Man's Avatar
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 Posted 12/08/2011  3:36 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply


Quote:
Thanks everyone for your opinions on this. I like the look of the RP, but I feel that someday that the S mint mark ASE will surpass the RP in value in the future.


I think it depends on whether or not the Mint makes the S a yearly issue as a cousin to the W...I have visions of a 2 coin set (W & S) possibility next year with no pre-announced mintage numbers.

This year will most definitely be the lowest mintage but will that 5 year wait make the RP a more intriguing coin...on looks it's the RP hands down

Inquiring minds want to know.....
Edited by Foxwoods Man
12/08/2011 3:37 pm
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