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Twilight Zone Auction

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Pillar of the Community

United States
2600 Posts
 Posted 01/26/2007  10:22 pm Show Profile   Bookmark this topic Add Jim1953 to your friends list Get a Link to this Message Number of Subscribers
Just left an auction and bought a couple of things. Will try to take pics and post this weekend. However, I think insanity set in while I was there. There were ten mint tubes of ASEs. 1992 to 2004. Some had only 18 instead of 20 pieces. Anyway, the 1996s with only 18 pieces sold for $850......$850 plus a 10% buyers premium. $930 AAAAaaaaaaa what don't I understand here. And, no it was not just two guys bidding. This was also an ebay live auction and bids were coming form everywhere.
How did these non-coins, just bullion, get to be this valuable? Also, is there a book or something that I can look at that helps put a value on these things? Jim
Pillar of the Community
Metalman's Avatar
United States
7123 Posts
 Posted 01/26/2007  10:42 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
The 96-P ASE's are the key low mintage coin of the series. 3,603,386 with 500,000 of those being proof issues.

They might be bullion but there is a collector following which has managed to bring some of them well above bullion value.

supply and demand !!

You can get the basics of value on these from the RedBook, but these coins also fluctuate with the silver market, so it takes a little bit watching to stay up on the current market.

ebay ,teletrade and other auctions are IMO the best source of current market on these coins.



Metalman
Edited by Metalman
01/26/2007 10:45 pm
Pillar of the Community
United States
2600 Posts
 Posted 01/26/2007  11:01 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
Thx again Metalman. I just find it hard to get excited about anything that is not at least 50 yrs old. Jim
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 01/27/2007  12:09 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
thats what makes this hobby so great, something for everyone. whether it be old coins or modern coins someone out there collects them and gets just as excited over a partial roll of 1996 ASE's as someone else would be to buy that Mint State chain cent
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