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 Replies: 9 / Views: 1,582 |
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Pillar of the Community
Canada
1700 Posts |
Many collectors I've met have explained to me that there's no need for silver maples to be certified. They tell me that it's a waste of money since the price for certification is a large fraction of the silver spot. They have also mentionned the fact that there wouldn't really be an increase in price unless the coin is graded MS 69 or 70.
But why do some collectors send rolls of maples for certification even when there's a risk of low grades? Do the MS70 maples recover the lost costs of certification (of the lower-graded coins)?
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Valued Member
Canada
286 Posts |
I would think it has something to do with the fact that they were never intended for circulation to begin with and really only carry BV or a bit over spot.
I personally don't know any one who collects them for numismatic value only as a bullion hoard and can't see them recovering the cost of certification.
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Pillar of the Community
 Canada
1700 Posts |
Are they possibly being saved for future values? For example, a 1988 silver maple is probably worth more than a 2013 silver maple due to its age?
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Valued Member
Canada
286 Posts |
They trend on ebay for much higher, that is true. They must carry value for some people and I am sure 50 years from now a 1988 would demand a decent premium. I personally see them as bullion nothing more, but that is my opinion. I am sure others wouldn't agree. |
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Valued Member
United States
149 Posts |
I'm sure there are a few collectors. Even though it's bullion, they are still coins. So why not get them slabbed and have a high grade example preserved?
There doesn't seem to be much of a market for them. The special issues have a larger following, but it's still fairly small (it took weeks for the 25th SML to sell out with a mintage of only 10k).
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Bedrock of the Community
Australia
21788 Posts |
They are essentially bullion coins, they will never experience much wear, and so it comes down to the quality of the strike.
I have a 2012 copy of the U.S. Coin Digest - Complete guide to current market values.
There are a couple of pages devoted to a discussion on high grade bullion coins.
Chapter 5: "Don't be Fooled by High Grade Coins", (p37).
I happen to agree with all of the discussion.
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Pillar of the Community
Canada
1700 Posts |
Is there a better reason for the proof maples to be certified?
Silvertowne appears to have loads of them (American eagles, too).
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Pillar of the Community
1007 Posts |
Some people just want the best of the best. Very simple.
I collect maples from each year, certain years carry a bigger premium than others.
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Valued Member
Canada
165 Posts |
Petersun, the 1988 on APMEX sells for $3.69 over spot, as opposed to 2.59 for the 2013. So yes, the 1988 is worth slightly more. |
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Valued Member
Canada
414 Posts |
I don't have the mintage numbers in front of me but the only maples that really carry a premium are the 1996, and 1997(going from memory). They had much lower mintages compared to other years which are often 20 million+. I will post some mintage numbers later. I know I have some 1988's and 1989's still in the mylar sheets which I would have no problem selling at regular price and replace them later without concern.
As for slabbing Maples, I highly advise against it. The white spots that have been developing on maples since the early 2000's will still develop on a slabbed coin. I would hate to see someone pay an rediculous premium for a 2013 Maple in MS70 just to find spots on it a year later. You might be safe with earlier years, but IMO it's not worth it.
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Replies: 9 / Views: 1,582 |
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Posted 03/31/2013 5:42 pm
