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Would You Pay This Much For A 2000 ASE?

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CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12258 Posts
 Posted 05/05/2013  11:38 pm Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
Just saw that this auction lot for a 2000 ASE graded MS-70 by PCGS sold for $33,275 (including Buyer's Premium)!

http://www.greatcollections.com/Coi...e-PCGS-MS-70

Wow! Is all I can say.

I see it as a VERY risky purchase in terms of future resale!


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basebal21's Avatar
13014 Posts
 Posted 05/05/2013  11:41 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
If I was going to pay that much for a coin itd be something like that, its a 1 of a kind.

Overall though no I wouldnt want to put that much into a single coin unless I had buffet money
Edited by basebal21
05/05/2013 11:41 pm
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Merc Man's Avatar
United States
561 Posts
 Posted 05/05/2013  11:43 pm  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply
I would have to agree. Given that my entire collection at this point isn't anywhere close to that much (or is it, I am afraid to add it up) I can't see spending that much on one coin. However, as basebal21 said, if you are going to getting a one of a kind is the way to go I would think.
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Circus's Avatar
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3079 Posts
 Posted 05/06/2013  08:50 am  Show Profile   Bookmark this reply Add Circus to your friends list Get a Link to this Reply
Since there was 14 assorted bidders, the need or desire to have a one of a kind item is very high in some people. I would think that it is such a common coin over 9 million minted that there are more of that grade out there. If one or more people want to pay the fees to get them graded. I think the the perceived value/worth would, drop considerably. With the more of coins being graded at that level the deeper the price fall.

I know in other collectables, when one of a kind item, becomes a dozen or so items. the price falls through the basement.

But being new to collecting coins, some of the things are strange, along with some different preferences in what they collect. But to each his own!
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Doug58s's Avatar
United States
899 Posts
 Posted 05/06/2013  09:45 am  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
As noted - all it would take to lower the value of that coin is for another of the 9 million minted to be graded MS70. It would seem there is a pretty good chance that would happen sometime in the future.
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basebal21's Avatar
13014 Posts
 Posted 05/06/2013  10:16 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
A couple other won't necessairly lower the value. Keep in mind how many people collect ASEs. Its highly unlikely the population would truely explode but getting a handful more would be possible. However even if there were 5 or 6 they would rarely if ever hit the market. A pcgs 95 w pf 70 just sold for over 80k and it has a population of 5.

There's enough people chasing top grade ASE sets that I don't like a couple more would hurt it much if at all. Itd still be one of the hardest to get 70s. Plus think how many there really could be. Most were just used as bullion, a 70 was rare at the time and now almost 13 years have passed, a lot of the nicest have already been graded, and they're real hard on those extreme raritiies. It would have to be without a doubt no brainer 70 the slightest doubt and they're giving it a 69.
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solotime's Avatar
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2311 Posts
 Posted 05/07/2013  8:04 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
Here's what I believe:

I say about 3 million of the 9 million American silver eagles are damaged, scratched, etc. Things like that stop them from grading high. There really might only be like 1 or 2 thousand out there that are nice.
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