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 Replies: 19 / Views: 4,122 |
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Pillar of the Community
United States
919 Posts |
APMEX sells sealed rolls of ASE's direct from the mint (Mint Direct process). Does anybody have experience with other sellers with this item or has anyone ordered these from APMEX? I am interested in these as the only way to get unsearched rolls of ASE's. It is my belief that many of the sellers on ebay and other stores roll search for MS70's to turn a buck having them graded. I want fresh, unsearched rolls. Thanks.
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Valued Member
United States
148 Posts |
I am always trying to learn new things if someone up on the subject, or maybe you know tpg22-
How much does an MS70 fetch?
What is the premium on a sealed versus unsealed roll?
How common are MS70 coins, what percentage?
How do you identify an MS70 coin? I would assume you have to know how to grade it yourself to narrow down what might be a perfect coin, you can't send everything to PCGS.
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Bedrock of the Community
13014 Posts |
MS70s fetch 80-120 for bullion ones with maybe the 1996 fetching higher if it even exists, but honestly not sure if it does. As far as searching for MS70s its a waste of time. The difference between a 69 and 70 is so small even the large dealers that constantly send in coins cant pick them out. Usually 40-50% of whats sent in will get the 70 some series is much lower like the 2012 ASE set PCGS only gave 30 something percent a 70. The way dealers make money on 70s is by sending in monster boxes to be graded. The bulk submission puts the per coin grading cost around 10 dollars. They know that usually 40 percent of their box or so will come back with the 70 grade to be sold at a premium which will usually cover the cost of grading and possibly the cost of the box as well. The 69s get sold for a very small mark up just as a way to recover cost and make as much as they can. Trying to do it yourself is the easiest way to lose money when it comes to coins. You may get lucky and get a few 70s but youll also be paying twice what the bulk submission cost is and losing money on any coin that doesn't get a 70. As far as the initial question I would say I highly doubt they search tubes for 70 coins. They just send in unopened monster boxes for whatever theyre going to have graded and then sell what ever tubes they were planning to sell. Thats why you see the graded bullion with the (w) or (s), it has to be sent in an unopened monster box from the mint to get that designation. For non bullion ASEs they dont search those either. It doesn't really increase their odds of getting more 70s and would take a lot of time and effort. They arent going to go through thousands of coins to repackage when they dont have to to make money especially if doing so will make them lose out on a special label designation Edited by basebal21
12/24/2012 02:44 am
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Pillar of the Community
 United States
919 Posts |
Berk, the premium is about $20-25 per roll. I just checked APMEX and noticed they sold a lot this weekend. They did an ebay special and sold 15000 2012 ASE's over the weekend. Now there is only one date of sealed rolls and the new 2013 coming in Jan. They really got hit hard this weekend. Makes me think we may see a move down in the next few weeks. So many new people are buying in. If I'm right I will buy more lower. If I'm wrong my current stack will do well. Bb21, I'm just trying to avoid the roll that was opened. I don't want coins that were spread out on the table to take a picture or handle. When I visit coin stores they are always willing to open the roll and pour out the coins. This causes dings, and scratches that I don't want. My plan is to someday have a monster box of various dates. At that point I would send them in to be graded. If I buy the Mint sealed (S mark) coin I still get the slab marked that way. Thanks for your ideas. |
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Pillar of the Community
United States
3789 Posts |
I think that service that APMEX offers is overrated. I have some older Silver Eagle rolls that have appreciated, I got them without any sort of seal from a dealer, mintproducts.com years ago and its obvious they werent pulled and picked thru, the coins are still tightly packed nothing loose at all. so yes I agree, dealers get their best coins graded when they straight up send rolls in to get graded. |
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Bedrock of the Community
United States
36826 Posts |
The rolls don't come sealed from the mint, only the green monster boxes are sealed with straps. Once opened and rolls removed the caps can be taken off and rolls scanned for gem coins.
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Pillar of the Community
United States
919 Posts |
The rolls from APMEX that are part of this program are sealed. It is called MintDirect. They do the same for Maples. |
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Bedrock of the Community
13014 Posts |
Quote:
My plan is to someday have a monster box of various dates. At that point I would send them in to be graded. I wouldnt do that personally for a few reasons. The biggest reason is if you do that you cant get the bulk submission price. Youll be paying 15-20 dollars for every coin. The other reason is you also possible lack of 70s. Boxes wont vary much but individual rolls from a box easily couldnt have a single 70. Its just going to cost a lot. If you want coins graded a 70 always just buy them that way |
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Pillar of the Community
United Kingdom
616 Posts |
Yup, my experience with tubes is they aren't tightly packed and indeed the coins move. I know several people here have mentioned some dealers putting a packing peanut under the lid before shipping to keep the coins from moving.
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Pillar of the Community
United States
3670 Posts |
Five ms-70 per monster box of 500 on average I have heard..... That is much loupe work, time, etc.. And just because you think it may grade 70 at pcgs or ngc does not mean it won't come back 69..... I noticed a 2006 set of three ASE in the huge slab I hate and it was up over 1200 ms-70 lol. The same seller had 69 set to that went around 300..... To me that is insane to pay 900 more for a single digit. Like paying 1000z too much on a name brand clothing.... |
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Bedrock of the Community
13014 Posts |
5 is way to low of an average. Id believe it for a single box but if that was the average no dealer would send them in. Around 200 is probably the average for all the boxes with any individual box having more or less depending on whats in there.
The numismatic ASEs like the 06 set are just an entirely different animal. The 70s are rather rare which drives up there price since more people want them than number of sets and like you mentioned no matter how much you try its not guaranteed to get a 70.
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Pillar of the Community
United States
1200 Posts |
I'm not one of those who believes grading/slabbing low-cost, low-premium silver bullion coins is an investment that will provide a prompt, effective return on the investment. Right now, you can buy '13 ASEs for $32.50 each (Goldmart) and the coins from those Mint Direct tubes cost $34.45 each ( APMEX). I'm not certain that a $30 per coin grading/slabbing fee is going to add $30 right onto the value of those coins and that the repriced coin will promptly sell for over that new price (after ebay fee, Paypal fee and all other involved expenses). Not being doubtful here, but every time I try to get fancy and complicated, my plans all fall to pieces... I wish all you guys/ladies Happy Holidays and my personal best wishes for the new year and with your industrious slabbing/grading efforts. I'm going to just keep on stuffing my new current year ASEs into mint tubes and the used monster box that I'm gradually filling with them and I'll leave the grading/slabbing to those who have faith in it. |
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Pillar of the Community
United States
919 Posts |
Thanks to all. I guess my point was lost. I'm looking for tubes that have not been opened by collectors, dealers, "cherry pickers", etc. I don't want coins that have been layed out on the table, counter, etc. I'm not saying I'm sending them in to be graded now. I just don't want to buy a roll of rejects. As I stated the LCS I go to brings out rolls, opens them and slides the coins out onto the counter. If he does this 4-5 times for prospective buyers those coins are going to end up dinged, and scratched. If I can pay $1 a coins extra and get untouched coins, I'll do it. I just wondered if any other companies offered the service. I guess there are none. Although the people sending in the 2011 five coins set made a killing by having the coins graded. Sorry if it got lost in translation.
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Pillar of the Community
United States
1200 Posts |
In that case..... Just buy tubes from Goldmart, Provident or APMEX. They sell and send out so many tubes that they don't have the time to spend playing with them. Provident and APMEX even sell the empty boxes and tubes they have left over from all the small partial orders they fill. When I get tubes (of ASEs, CSMs and Philharmonics) from Goldmart, the coins have always been pristine and have shown no sign of being handled---not even one partial fingerprint. |
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Pillar of the Community
United States
3670 Posts |
I see brand new sealed ASE roll of 20's end all the time lately at around 710 bucks..... Sold two sealed rolls myself as of late.... Stick to that esp if that is total shipped, and go from there.... |
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Pillar of the Community
United States
919 Posts |
Thanks guys. I didn't think of the volume aspect. No way they bother looking when they send that many out.
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Replies: 19 / Views: 4,122 |
Posted 12/24/2012 02:41 am
