Bullion Vs. Uncirculated American Silver Eagle / ASE

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Author	Replies: 7 / Views: 5,585
meddin New Member United States 28 Posts	Posted 12/13/2013 09:35 am What (if any) is the difference between bullion ASEs vs the uncirculated ASEs that the Mint sells? I know one will have the W mintmark, but I am confused. Are they both NCLT? Report this Post to the Staff

zxcccxz Pillar of the Community Canada 5417 Posts	Posted 12/13/2013 09:48 am The unregulated SHE's are more expensive and are a higher grade. Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 12/13/2013 10:19 am The UNC as you know, have the W mint mark, are minted on specially burnished planchets at a higher pressure for better quality and handled individually off the press and packaged. And are substantially lower in mintages. It is the lower mintage that is the real draw for the price. Basically they are still just bullion and the bullion and the UNC are both pretty plentiful in MS69 and MS70 condition. Some would argue that due to the bulk minting and bulk handling, it is a far greater feat to find a MS70 bullion than an UNC. Report this Post to the Staff
CelticKnot Bedrock of the Community United States 12815 Posts	Posted 12/13/2013 10:35 am What denco7 said about mintage numbers and handling, as well as... There are lots of varieties in this series, so it can be confusing. As far as the NCLT goes, yes, face value is $1 on each and you could go spend them at the gas station if you wanted to take about an $18.50 loss (at current market rates) per coin. That's also assuming anyone would know what to do with them there. Bullion ASEs are only sold directly to authorized dealers and cannot be bought directly through the mint (with the exception of special sets - e.g., the 2011 5-coin 25th Anniversary ASE set had a bullion coin in it). They are intended to be for investment and are purchased through dealers. The uncirculated ASEs are intended for collectors and can be purchased directly from the mint by regular consumers like you and me. About the physical differences, the product listing on the US Mint's web site says: Quote: These [uncirculated] coins feature a finish similar to its bullion coin counterpart, and they are struck on specially burnished blanks at the United States Mint, West Point, N.Y. Now occasionally they'll be struck elsewhere. Again, for the 2011 set there was an UNC struck at San Francisco. Report this Post to the Staff
muddler Pillar of the Community United States 7187 Posts	Posted 12/13/2013 12:28 pm At a quick glance the only difference is the mint mark. Comparably there is the same thing with Morgan dollars but having one with the "cc" makes a big difference. Report this Post to the Staff
meddin New Member United States 28 Posts	Posted 12/13/2013 12:44 pm Got it. Thanks guys! Report this Post to the Staff
CelticKnot Bedrock of the Community United States 12815 Posts	Posted 12/13/2013 1:31 pm No worries. And Report this Post to the Staff
welder Pillar of the Community United States 1037 Posts	Posted 12/13/2013 7:59 pm Personally, I buy a tube of ASE's, 3 UNC ASE's and 3 proof ASE's per year just to cover all the bases. I like the exclusivity of the UNC ASE low mintage numbers. Look at 2011 for example; The Mint produced over 40 million bullion ASE's & 950K Proofs. 2011 the Mint also made 2 versions of the UNC ASE, the W-version at 409,927 coins and sells for $35-45 while the S-version at 100,000 sells for $125-200. Yes, mint marks do make a difference and people are willing to pay a higher premium for them. Report this Post to the Staff
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Bullion Vs. Uncirculated ASE