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Replies: 17 / Views: 4,670 |
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Valued Member
United States
95 Posts |
American Eagle Silver Proof or America the Beautiful Five Ounce Silver Uncirculated Coin. If you have to choose between 3 AESP and 1 ATB Five Ounce Silver Uncirculated. What would you do and why? Is a proof rating worth losing 2oz of silver for about the same price? One has limited mintage's the other none but is a series, if I'm looking at this correctly 
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Bedrock of the Community
United States
36565 Posts |
Depends on what you want most, bullion or collector coins. Personally I would prefer the extra 2oz of silver, so would go with that. But many here will tell you why you should opt for the proofs.
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Valued Member
United States
459 Posts |
I would go with the ATB. Reasons: 1.5 Ounces of silver 2.It is a proof coin as well. 3.Not as high a premium over spot as proof ASE4.5 Ounces of silver
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Pillar of the Community
United States
7187 Posts |
I too would choose a 5 oz America the Beautiful coin over proof ASE's. I don't believe the 5 oz coins are proof but they will have considerable less mintage's than the ASE's and each with a different reverse design. The ASE's tho beautiful, become mundane after many are acquired and become lost in the set of vertically identical coins (I do have a full set of proofs minus the 1995 w). As the others would agree there is more silver for your buck with the puck.
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Pillar of the Community
United States
899 Posts |
Well... it depends. I'm not sure what your long term goals are here. With 3 proofs - if you opted to sell one in the future you'd still have 2 left, and the proofs do tend to increase in value - not huge increases at the prices they are being sold at today - but they do increase. They aren't actually tied to the price of silver.
The 5 ounce coin - is 5 ounces! That said, the price of silver has been dropping and 5 ounces is a lot of silver to hold when your losing $$ per ounce. These have no proven record for going up or down. They could have a great upside several years from now, or trade at the price of silver. They are just not a proven commodity yet.
That said... I'd buy the proofs if I planned to sell at some point. I personally collect both, but really like the 5 ounce coins.
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Valued Member
United States
317 Posts |
I went with the White MTN ATB rather than the west point set and I don't regret it. I agree with 1916's point "3) "3.Not as high a premium over spot as proof ASE". At 154.95 that's $31 an ounce while a ASE proof is $51.95 an ounce. And for $53.95 you can get the entire 2013 annual silver set with the silver quarters and the silver Kennedy and silver dime- that's over 1 oz with all the other nice coins like this year's Sac for nearly the price of 1 ASE proof. So I feel I'm getting a better deal. Actually I've been buying that and the pucks instead of the silver eagles this year. The mint limit is 25k for the pucks while the mintage numbers right now is over 600K for this year's ASE proof. But it boils down to whether you are a collector of either series. If you collect a particular series then that's your preference regardless of the price. I'm not a big fan of the recycled design of the Walking Liberties and the reverse is lame on the silver eagles. The mint should have completed the process and reused the old reverse, which I strongly believe is way better than the current one. I just get depressed when I flip the silver eagle over and think about the walking liberty's reverse, but that's just me. Walking Liberties are so wonderful, then I see that imitation. . ugh. But anyway, if you haven't done so already, I would try my best to find a local coin store and see the products up close and not with pics and decide.
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Valued Member
United States
459 Posts |
I purchased my Olympic 5 ounce ATB from APMEX for only $132, that's only $26.40 per ounce. (Less than or equal to the price of a BU ASE) I retract my previous statement of it being a proof, however it is DMPL.. Close enough
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Valued Member
United States
90 Posts |
Why not buy the burnished eagle then. Lower mintage and only $41.95.
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Pillar of the Community
United States
899 Posts |
You guys need to really knock off the price comparisons with silver when looking at a proof coin. The 1st thing you read on the proof is it is a numistic offering - and that has little to do with the price of silver. The value of a proof coin will generally hold close to the release price, and seldom do you find the ASE proof selling for less. The only fair comparison to the P ATB - is a Burnished Uncirculated Eagle - if you are going to go on the price per ounce. Even that isn't a straight up comparison, because the burnished Eagle has a proven history of holding value above market silver. As ant024 said - if your going on the price of silver - then buy a burnished Eagle and get 4 instead of 3... but I'd expect the proofs to retain value longer. A bullion ATB or a P ATB... buy the P coin.
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Pillar of the Community
United States
1817 Posts |
Here's my Two Cents: I like both, but have not collected the proof ASEs consistently since 1986. The ATBs I started with the 1st one on Apr. 28th, 2011, and 26 months later, I have 18 different coins = 90 oz. of Ag. Even if you had every different ASE since '86 including the set stopper of the 1995-W proof ($3,000+ coin) it only amounts to about 78 oz. The changing reverses are an attractive feature, and so far the set looks pretty uniform from design to design.
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Valued Member
United States
90 Posts |
I think everyone is just off on this debate. A fair comparison would be bullion eagle vs ATB Bullion eagle is around $25 right now. So you could have more silver oz that way. Or if your goal is to have the most silver oz why not just buy bullion bars and pay $2000 for a 100 oz bar ? Everyone has the thing they like. But trying to get as many ounces as you can its silly to be buying proof eagles if that's what your goal is. just buy bullion
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Pillar of the Community
United States
899 Posts |
ant024 - I agree there is a little off. I don't agree that a bullion eagle and an ATB are the same unless you are talking bullion ATB. The P ATB has a chance to actually go up in value in the long run. I think even the bullion ATB has a chance to resell over the bullion value... yet to really be seen for either. The bullion eagles don't sell for much over market price - there are just to many of them out there. I think the OP question - 3 proofs or 1 ATB... is one of the reasons the ATB has a hard time gaining traction for many buyers. They tie up a good chunk of money in a single coin - and don't know if they will have a market for it above market price for silver when they are done. Which is why I'd buy the proofs if I was in doubt - since you have historical data to show they resell at or above purchase price - year in and year out. The question is do you think ATB's will be worth more in the long run, and you can buy 1 at mint prices today - or should you buy 3 proofs? Since I like both - I'd scrape up the extra cash and buy em both. 1 ATB and 1 proof Eagle... and gamble the ATB will hold or gain value.
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Valued Member
United States
90 Posts |
i guess my point was the OP seems to be making his decision on getting 2 more oz for same price and if his end result is I want to own the most silver then he should just buy bars.
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Pillar of the Community
Canada
576 Posts |
Proof proof Proof, I have some bullion and owning silver is nice but for the most part I'm in it for the art work and 9 times out of 10 the proof formatt is more impressive. I have only one ASE it is BU and boring. My local coin shop never gets in the nice stuff from the USA. My answer. proof ASE any day.
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Valued Member
 United States
95 Posts |
Hi All, Thanks for responding ultimately I went with 4 ASE proof and one ATB 5oz I want to see what it looks like before I think about more, the proof vs bullion debate is something new I'm learning. I see and understand both sides of the coin (ok bad joke) but maybe it's a good thing to have some of both. I guess for me that would mean what my budget looks like compared to whats being offered compared to what I have the itch for, but I do need to educate myself more about both bullion and proofs.
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Pillar of the Community
Canada
576 Posts |
The thing with bullion is there is never enough where as a single special proof coin can be enjoyed on its own.
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Replies: 17 / Views: 4,670 |