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Help With Starting An ASE Collection

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Pillar of the Community
southsav's Avatar
2224 Posts
 Posted 07/07/2012  07:03 am  Show Profile   Bookmark this reply Add southsav to your friends list Get a Link to this Reply

Quote:
a pretty ASE will cost the same as an ugly
ASE


Well said ratio!


Quote:
hand me ASEs with their fingers on
the faces of the coin... or dumping them out of
their tubes in a violent clash.


That is because the ASEs are simply silver bullion to them and not an object of beauty for collection and admiration as you stated.
Valued Member
jmorgan's Avatar
United States
88 Posts
 Posted 07/10/2012  4:28 pm  Show Profile   Bookmark this reply Add jmorgan to your friends list Get a Link to this Reply
Thanks for all the suggestions guys!

Just one more quick question- why is there a bump in the price of 1996 silver eagles?
Pillar of the Community
upstate's Avatar
United States
3283 Posts
 Posted 07/10/2012  4:41 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
lowest mintage of the "regular" ASE'e at 3.6 million
Pillar of the Community
Foxwoods Man's Avatar
United States
4901 Posts
 Posted 07/10/2012  5:46 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
lowest mintage of the "regular" ASE'e at 3.6 million


That IS a low mintage for a bullion ASE....kinda pales when you look at the 25th Annie S at 100,000
Pillar of the Community
ratio411's Avatar
United States
1208 Posts
 Posted 07/11/2012  12:22 am  Show Profile   Bookmark this reply Add ratio411 to your friends list Get a Link to this Reply
3.6 million that 95% of which are going to be mistreated.
While nearly all 100k of the special set will be pampered and survive for decades to come.
Out of the 3.6 million business strikes, one could argue that there might be fewer
than 100k left in a condition above MS65, and whatever that number, it will drop even more over time.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 07/11/2012  02:15 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
3.6 million that 95% of which are going to be mistreated.
While nearly all 100k of the special set will be pampered and survive for decades to come.
Out of the 3.6 million business strikes, one could argue that there might be fewer
than 100k left in a condition above MS65, and whatever that number, it will drop even more over time.


As of now I'm sure theres still more pristine bullion ones than the 2011 set. But it is an interesting point. I would definitely agree out of the raw ones a pristine bullion would almost certainly be harder to find. I only disagree with the under 100k for 65+ since thatd be less than 4% and almost certainly more than that were slabbed
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ratio411's Avatar
United States
1208 Posts
 Posted 07/11/2012  07:54 am  Show Profile   Bookmark this reply Add ratio411 to your friends list Get a Link to this Reply
I don't know if that number is too low or not, I was just pushing the
envelope as an example of what one could possibly argue. It would be
interesting to see the population of >MS65 for this coin as
published by the top 3 TPGs. Is that info public, or do you have to
be a member of some sort?
Edited by ratio411
07/11/2012 07:57 am
Pillar of the Community
Foxwoods Man's Avatar
United States
4901 Posts
 Posted 07/11/2012  08:22 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
NGC stats:

1996 bullion ASE

Total graded: 82911

number MS 65 or higher 82787 (80433 MS69)

PCGS...to follow...I can't remember my password

Got it!

PCGS Total graded: 8711

Number MS65 or higher: 8594 with 4865 MS69's

One factor you are not considering is that there are a LOT of unopened 1996 rolls out there (I have two) and even monster boxes...these do not degrade nor will the others in collections. They obviously are not coins that are circulated.
Edited by Foxwoods Man
07/11/2012 08:30 am
Pillar of the Community
Foxwoods Man's Avatar
United States
4901 Posts
 Posted 07/11/2012  08:47 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
..and just FYI:

Total 25th Annie sets graded by both:

NGC 27,000 give or take a few hundred

PCGS 16,000 " " "

Number vary per coin with higher numbers for the keys
Pillar of the Community
clairhardesty's Avatar
United States
1027 Posts
 Posted 07/11/2012  10:32 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
Wow, with more than half of the 2011 sets opened and graded (when you add in ANACS and ICG), it encourages me to keep my four unopened, FS eligible sets in their boxes for as long as I can stand not looking at them. I opened one box as a Christmas present to myself and every coin is absolutely perfect. I chose the box I did because it was the lightest as shipped at 4.3 pounds. One of the other four is 4.4 and three of them are 4.5 pounds. The weight differences are, of course, a result of the amount of packing paper that was shoved into the box (you would thing there would be a standard amount). I assumed that the lightest was the most likely to have suffered shipping damage but all coins were still in their capsules and the capsules were still in position in the case. The mint had marked all of the single sets shipped via UPS as 3 LBS but UPS had the real shipping weights on the tracking pages and I confirmed them with my scales before opening the one box. With seven of the 2012 sets coming, I will try to wait and open one of the two set boxes that will most likely ship after the FS/ER period expires. That is going to be hard, but I did manage to wait several weeks to open a 2011 set so I might make it. This time, instead of getting all sets in individual boxes I will receive a single and a two set box that are almost certainly FS eligible and two two set boxes that will almost certainly not be FS eligible. I ordered enough other items with each of the four orders to ensure that I will get the UPS 2nd day air upgrade on all sets shipped. I did not really want to pay $12.95 to get next day air but I think that there is much less change of shipping damage with UPS than the FedEx/USPS route that takes a full week to reach me.
Pillar of the Community
ratio411's Avatar
United States
1208 Posts
 Posted 07/11/2012  11:47 am  Show Profile   Bookmark this reply Add ratio411 to your friends list Get a Link to this Reply
Yeah, I had no idea how accurate that survior number would be,
just playing devil's advocate. I still would argue that a large
portion of that 3 million are being mishandled, judging by how
the ASEs were handled when I was building my set. I know nice
ones are out there for every year, but I was picky when building
my set, and didn't want slabbed or even to buy online where the
coin couldn't be examined closely... Anyway, point is that if you
want a REALLY nice set of business strike ASEs, they are much harder
than you would imagine. I bought one online, and it looked gorgeous
in the auction pics. When I got it, it had deep scratches that didn't
show up in the pic. That was it for me when it came to ASEs online,
when it came to building my set. It got much harder after that.

The dealers I went to had a bunch of trashed ASEs, and when I got them
to open their stashes of tubes, they dumped them out violently, and even
handled them on the surfaces of the coins. The business strikes are the
Rodney Dangerfields of coin collecting. No respect.
Bedrock of the Community
IndianGoldEagle's Avatar
United States
36800 Posts
 Posted 07/11/2012  2:37 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Personally I think the 1996 is grossly over priced.
Pillar of the Community
Bizybackson's Avatar
United States
1817 Posts
 Posted 07/11/2012  3:20 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
If I were starting to collect ASEs, proofs and bullion, I'd start with the current year and work my way backwards in 5-year increments. For every proof ASE you buy you should add 2 nice undamaged bullion coins to your holdings. Ignore the Annie coins for now, they will still be there when you have a stable job and a steady source of income. For 2007-2012 range, buy the current offerings from the Mint in OGP: the 11-W burnished, the 12-W proof and the upcoming 12-W burnished as starters. Will set you back $156.80 for the three coins. Then pick up some 2010/11/12 bullion. Once you finish the 5 years, you will have 15 different ASEs, and a nice stash of silver. That is how I would proceed as a new collector of ASEs.
Edited by Bizybackson
07/11/2012 3:21 pm
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 07/11/2012  4:11 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Is that info public, or do you have to
be a member of some sort?


Its public to some extent at least for PCGS. They do have their coinfacts you need to sign up for to see them all, but they usually let you view a couple a day for free. If you try and go through more than that though it will give you a sign up link.


Quote:
I still would argue that a large
portion of that 3 million are being mishandled, judging by how
the ASEs were handled when I was building my set.


For the unslabbed ones I 100 percent agree. Not sure how it was for the older ones but the newer ones at least I think a large enough amount get slabbed off the bat that they wont become scare but the raw ones probably do have a couple year life span at best in a high grade for the vast majority
New Member
John762's Avatar
United States
4 Posts
 Posted 07/22/2012  11:25 am  Show Profile   Bookmark this reply Add John762 to your friends list Get a Link to this Reply
Well, If I was you I would start with the 95W, after that everything else will be downhill! =8^)

Well maybe not...

All jokes aside I would start with bullion coins myself, you can always step up from there but every collection has to start somewhere. It's hard to enjoy them and add to your collection if you set your sights so high you can't afford to further your collection.
Pick something you can enjoy and go with it!
Good luck.
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