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 Replies: 11 / Views: 1,726 |
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Valued Member
United States
315 Posts |
So the mint sells proof, reverse proof, uncirculated, etc. eagles. Where do regular circulation grade eagles come from?
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Pillar of the Community
United States
899 Posts |
There are no circulation grade ASE. The mint started selling the ASE in bullion and collector grades since 1986 - but has never sold a general circulation ASE. |
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Pillar of the Community
United States
4901 Posts |
I would assume by "circulation grade" you mean intended for circulation (at $1). Think about that for a second or two and you should come up with the answer above. With that said I do have a few "circulated" ASE's...after use as pocket pieces |
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Pillar of the Community
United States
5825 Posts |
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Valued Member
United States
477 Posts |
I have one I got in a bullion round box that looks pretty beat up, rim is dented in several places. I won $100 on the first scratch off lottery ticket I've bought in years using this ASE to scratch it. It is now my official lucky coin. Rick |
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Pillar of the Community
United States
7187 Posts |
I had one I had used for a pocket piece but traded it for a Morgan.
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Pillar of the Community
United States
2543 Posts |
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So the mint sells proof, reverse proof, uncirculated, etc. eagles. Where do regular circulation grade eagles come from? What what you listed are " collector " ASE's sold by the mint to collectors. What you mean by " circulated " are the bullion ASE's. These are distributed by the mint to Authorized Purchasers. You must be a pre-qualified dealer, order a minimum of 25,000 coins at spot plus $2.00. These coins are then resold to the public. Back when first issued, these were considered a more attractive " silver round " worth only the price of silver. People threw them in a drawer, in a shoe box, in the change jar,my brother in law, still has a big change jar full of eagles. the face value was $1 but in 1986 the silver value was only $5.47 . It is these coins from about the first ten years of the program, that you see now as worn or used as people turn them in for a profit or to cash out. It wasn't until the TPG's started gaining status, that bullion Eagles, started to become collectable above the price of spot + |
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Pillar of the Community
United States
1037 Posts |
I have a 1987 ASE that I bought on ebay for a great price and it looks like it has been in circulation. Similar to the circulation condition of my Morgan and Peace dollars. The seller never gave up my ASE's secret past, so I often wonder how this coin became so worn. As others have mentioned, it must have been use as a pocket piece or left loose in someone's junk drawer. The ASE is now safe and rests in an Airtite capsule. |
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Valued Member
 United States
315 Posts |
Ah, so the monster boxes are the non-collector grade eagles? Just some or all of them?
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Pillar of the Community
United States
2543 Posts |
The monster boxes are the bullion coins sold in bulk to the Authorized Purchasers. Now some dealers take these monster boxes and send the whole box to A TPG for grading. Take the coins that graded MS70 and MS69 and sell them as collector coins for a premium. Or in the case of specific boxes, they will send sealed and dated boxes to a TPG to get a (S) or a (W) label. Or a First Strike or Early Release Label, because some of the more gullible collector think that these labels should command an additional premium  Edited by denco7
10/05/2013 9:46 pm
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Pillar of the Community
United States
4901 Posts |
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Or a First Strike or Early Release Label, because some of the more gullible collector think that these labels should command an additional premium The reality is they DO command an additional premium. It's not a belief. You can disagree whether they deserve it or not but, as they say, "facts is facts" Re: monster boxes...I bought a couple of empty ones and use them to store my Mint sealed rolls of bullion ASE's... |
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Pillar of the Community
United States
1109 Posts |
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Where do circ eagles come from? From mommy and daddy circ eagles, of course! I collect the BU eagles, but have considered buying a 2013 proof eagle to go with some of the world bullion coins I am collecting. I love the design of the eagles. |
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Replies: 11 / Views: 1,726 |
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Posted 10/05/2013 08:40 am
