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West Point ASE Set: Final = 235,689

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Valued Member
stev18's Avatar
United States
329 Posts
 Posted 10/28/2013  07:09 am  Show Profile   Bookmark this reply Add stev18 to your friends list Get a Link to this Reply
I'm glad the projected mintage was a little high and came down. Hopefully these sets will appreciate a little in a few years
Valued Member
United States
317 Posts
 Posted 10/28/2013  08:02 am  Show Profile   Bookmark this reply Add PennyPiggy to your friends list Get a Link to this Reply
You lost me Welder,

And this is a good time for people to educate me here but from what I understand, the 1995 ASE set was an add-on for buying that year's 4 coin gold set. So I don't see the hefty premium here for the 1995 10th Anniversary ASE set that sold for $999 that included the 4 gold coins. Gold in 95 was around $375 an ounce, doesn't that set have close to 2 ounces of gold in it?

And what happened there with that coin was that collectors weren't willing to buy the gold coins to get the silver set so they waited for the secondary market and oooh did they pay for it lololol. And they're still paying for it, big money for ASE 95-w 70!!

But back to the point, the mint didn't ask a hefty premium like for that set when you look at it from a melt value.

I looked it up and silver in 95 was 5.50-6 and ounce and a proof ASE went for $23 so the mint has always asked a 3 times melt for the ASE proof so I see that ASE collectors are used to paying a hefty premium.

But I do understand your point and I think it is valid that there are times when paying a premium is valid seen by the loyal followers of the ASE series but I still disagree on paying a hefty premium on coins that are directly offered from a mint. Its just me but I think the mint is taking advantage of people that enjoy this hobby if they're charging 3,4,5+ times the melt values and not only that they hurt the people that enjoy buying products from them!

The high premium is one reason why I don't order many products from the Canadian mint. I love some of their designs but I do not feel comfortable paying anywhere from $80-280 for the equivalence of a one ounce of silver for one of their designs. I just feel like I'm getting ripped off. I know its psychological but I just feel they're ripping me off.

I understand you're paying for artwork, salaries for hard working people that handle and manufacture the coins, equipment to produce the coins but the US mint still makes a profit on the sale of its products while not relying on government funding and still doesn't levy a hefty premium on the majority of their products. So the premiums are not necessary to fund a mint or I can say, the hefty premiums of 3, 4, 5 times the price of silver is not necessary but is governed by choice.

And you people know we were talking about directly from the mint, not after market.

Pillar of the Community
kena's Avatar
United Kingdom
1686 Posts
 Posted 10/28/2013  08:48 am  Show Profile   Bookmark this reply Add kena to your friends list Get a Link to this Reply
I bought this set since it allowed me to complete a type set of the different finishes of the American Eagle.

Bullion
Uncirculated (burnished)
Enhanced Uncirculated
Proof
Reverse Proof

So this set allowed me to get a reverse proof and an enhanced one without any duplication of American Eagles that I already had.

Right now, the enhanced uncirculated is only available in this set with a mintage of 235,689.

Ken
Pillar of the Community
United States
3789 Posts
 Posted 10/28/2013  12:18 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
I bought this set because I have all the others and have been a long time collector of Silver eagles.

So, not having it would make my collection incomplete. I cant have that.

Investmentwise, I think future collectors that missed out on these will circle about the ASE sets and thats going to help out prices in the future.

I do think its time tho that the US Mint discontinues for sets for the time being.... unless they whip up some neat set that includes say the gold eagle and buffalo coin.
Valued Member
stev18's Avatar
United States
329 Posts
 Posted 10/28/2013  3:14 pm  Show Profile   Bookmark this reply Add stev18 to your friends list Get a Link to this Reply
Well if they keep doing the sets I hope we hear from Denver even though I know they won't...
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DNA's Avatar
United States
2734 Posts
 Posted 10/30/2013  11:39 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
a type set of the different finishes of the American Eagle.


1996(S) Bullion, 2011-S Uncirculated, 2013-W Enhanced, 1994-P Proof and the 2011-P Reverse Proof.

Edited by DNA
10/30/2013 11:44 pm
Valued Member
Superhal's Avatar
United States
315 Posts
 Posted 10/31/2013  05:10 am  Show Profile   Bookmark this reply Add Superhal to your friends list Get a Link to this Reply
@tpg: A NGC 70 just sold for 212.5: http://www.ebay.com/itm/13103232823....m1438.l2649
I also just bought an ungraded set for 161.
There is also a Buy it Now set for under 160 on ebay with a few hours left.

Imho, there's two key points:
1. Low mintage.
2. First year of the enhanced proof.

The 2012 san fran set, with only proof and reverse proof is like $120 right now.

As of today, I don't see any other sets under 160 with shipping, with lots of sellers fishing at 175+.


Edited by Superhal
10/31/2013 05:11 am
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 10/31/2013  09:04 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
Is that a fair price?
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 11/01/2013  03:30 am  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
Quite frankly, those that are so narrow minded on the ASEs as to call it just an ounce of silver are alright in my book. They can guffaw and poo poo all they want to and refuse to buy. That are simply helping to keep the mintages low and the value of my coins up. Bravo gents!
Valued Member
Superhal's Avatar
United States
315 Posts
 Posted 11/01/2013  03:54 am  Show Profile   Bookmark this reply Add Superhal to your friends list Get a Link to this Reply
From what I'm seeing, maybe 50% are graded, making plain sets fairly rare. I've seen one plain set go under 160 after shipping since the reduction announcement. My plan is to flip a couple at 180 and wait on one set.
Valued Member
Superhal's Avatar
United States
315 Posts
 Posted 11/03/2013  01:47 am  Show Profile   Bookmark this reply Add Superhal to your friends list Get a Link to this Reply
Up to around 6 in ogp.
Valued Member
United States
368 Posts
 Posted 11/04/2013  4:10 pm  Show Profile   Bookmark this reply Add LowLife to your friends list Get a Link to this Reply
Thanks for posting the final mintage numbers! Appreciate it!
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muddler's Avatar
United States
7198 Posts
 Posted 11/04/2013  4:34 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
I'm happy to have the new version from this year's set. I would like to not have 5 different ASE's minted each year, it takes the special out of special sets.
Valued Member
Superhal's Avatar
United States
315 Posts
 Posted 11/06/2013  12:25 am  Show Profile   Bookmark this reply Add Superhal to your friends list Get a Link to this Reply
@cc2012 right now, you can still get a set under 160. So, deals at 150 or so still exist.
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