| Author |
Replies: 59 / Views: 7,262 |
|
|
|
Pillar of the Community
 United States
1254 Posts |
Has anyone seen or heard anything about SF minting bullion ASEs this year? The only "pre-sales" I have seen for graded bullion ASEs don't have a ( w ) or a ( s ) which leads me to believe that they do not plan on it and they are only coming from WP. Is this a good assumption?
|
|
Pillar of the Community
United States
4901 Posts |
Quote:To each his own, but to an ASE collector, these are two different coins. Nope...I have been an ASE collector for many years. I bought my 1st roll (1988) at my local bank. They are the same coins. Just because one ASE has a different strike quality than another doesn't make it a different coin..it's the same coin with a different appearance. Dies wear out over time and the 1st coin struck may look different from the last coin struck. Maybe even a die break/crack in older issues...does that make it a completely different coin? Nope..... Shiny vs a more burnished finish (happened frequently with the 2008 W's and earlier bullion versions)..different coin? Nope... I should add that I mostly collect graded ASE's and bullion rolls so I am not anti-TPG. The coins are the same coins struck in different places evidenced by the fact that no one (TPG's included) have been able to identify any way to tell them apart (other than the marking on/in a green monster box). . Believe what you want and feel to choose not to let facts get in the way of those beliefs. Your collection should be made up of what YOU want to collect but...again...to the OP's question..3 different coins
|
|
Pillar of the Community
United States
4901 Posts |
Quote: Has anyone seen or heard anything about SF minting bullion ASEs this year? The only "pre-sales" I have seen for graded bullion ASEs don't have a ( w ) or a ( s ) which leads me to believe that they do not plan on it and they are only coming from WP. Is this a good assumption? Maybe the SF Mint doesn't start up right in January and waits until there is a demand issue with WP...pre-sales are for the early January minted coins... This is just my opinion but the SF coins may come in a couple of months Oops...I forgot..I have seen a few adds for the (w) version but I can't remember any (s)
Edited by Foxwoods Man 01/03/2014 3:08 pm
|
|
Bedrock of the Community
13014 Posts |
Quote:They are the same coins. Just because one ASE has a different strike quality than another doesn't make it a different coin..it's the same coin with a different appearance. The fact that theyre minted 3000 miles apart makes them a different coin. Quote: Believe what you want and feel to choose not to let facts get in the way of those beliefs. Not to be a jerk but youre the one not letting facts get in the way of your beliefs. Its a known fact theyre minted at different mints. A simple mint mark doesn't change where somethings minted it just shows where it is. The sealed monster boxes with the label from the mint provide the same information. There may not be a big or any value difference, but something minted at West Point is not the same as something minted in SF whether the coin has a mint mark or not.
|
|
Pillar of the Community
United States
561 Posts |
Quote: The fact that theyre minted 3000 miles apart makes them a different coin. I completely understand your point of view even if I don't personally agree with it. To me, if you can't differentiate between the two without some sort of provenance then they are the same coin. As was mentioned earlier, different die states and variances could just as easily be considered "different" coins as well. It is one of the many great nuances of numismatics.
|
|
Moderator
 United States
188549 Posts |
Quote: I completely understand your point of view even if I don't personally agree with it. To me, if you can't differentiate between the two without some sort of provenance then they are the same coin I have to agree here. Earlier I mentioned the cents minted without mint marks in West Point from 1974 to 1986. No one can tell those from their Philadelphia counterparts. The only thing we have for the ASE is the monster box and a TPG certifying it. Once they are in the wild (out of the box or slab), they are, for all practical purposes, the same.
|
|
Pillar of the Community
United States
2543 Posts |
Quote: Once they are in the wild (out of the box or slab), they are, for all practical purposes, the same. Totally agree, but ........... I can all but guarantee that in 75yrs (when I am 131 years old) these will be a much sought after variety by all the collectors of classic silver dollars.
Edited by denco7 01/03/2014 7:43 pm
|
|
Bedrock of the Community
13014 Posts |
Quote: Once they are in the wild (out of the box or slab), they are, for all practical purposes, the same. Practically speaking they are the same at that point once their origin has been lost. Technically though they are still different, we just cant tell at this point. As long as their prices remain about equal I doubt anyone would really put in the work to try and figure it out like weve seen others do with dye pairings in the past. Whether the mint mark is on the coin of the label though, when their mint of origin can be confirmed there are two different versions of it. If someone could have gotten their hands on those west point Lincolns and had them certified with the W people would go crazy over those.
|
|
Moderator
 United States
188549 Posts |
Quote: If someone could have gotten their hands on those west point Lincolns and had them certified with the W people would go crazy over those. I agree. The problem I have is that provenance totally depends on the encasement. There is no way to verify the coin independently of the slab. Buy the coin, not the slab, right? How long before the counterfeit slabbers add these to their box of tricks?
|
|
Bedrock of the Community
13014 Posts |
Quote: There is no way to verify the coin independently of the slab. Buy the coin, not the slab, right? How long before the counterfeit slabbers add these to their box of tricks? Theres probably no risk of anyone wasting time on fake slabs for it right now since theres no real price difference. Maybe a few bucks extra for the S at best but no where near enough to waste the effort on it. To me the fake slab threat is overblown compared to what it really is. They do exist but not to the extent that you should assume everyones fake till proven otherwise. Plus you can always just buy it from from a reputable big seller who submitted them themselves eliminating that threat. I would bet there is actually a way to tell them apart if someone was willing to put the work in since no two presses are alike even if the differences arent apparent to most. But with the value being essentially the same with the (S) or (W) theres not much incentive to it other than love of the series. Even though theyre a popular series they dont seem to have the same type of fanatical collectors that bust coinage or morgans have which lead to someone putting in extensive time researching them.
|
|
Pillar of the Community
 United States
1254 Posts |
Here's the latest from mintnewsblog on the upcoming bullion coins.....
For another year, production for the bullion coins will take place at both the West Point and San Francisco Mints. The coins will not carry mint marks and the only way to identify the coins to a specific mint facility will be through the unique "banding" found on unopened Green Monster Boxes of 500 Coins. Some of these coins are also eventually encapsulated in third party grading holders designating the mint facility.
|
|
Bedrock of the Community
United States
17884 Posts |
Quote:The O minted Morgan dollars were minted in New Orleans , but with worn and used dies shipped from the Philadelphis mint. The only different between these coins, except for the different mint location and the different people, was that a worker took the Phila dies and hand punched an "O" on to them. The New Orleans dollars were struck with sharp new dies not worn used Philadelphia dies. But yes that was the difference, every New Orleans dollar bore evidence right on the coin that declared it's origin.
|
|
Pillar of the Community
 United States
1254 Posts |
Here's some more info. about these coins I read this monring......
Going forward, the San Francisco Mint will continue to produce Silver Eagle bullion coins on a weekly basis which will be transported to the West Point Mint for final fulfillment. Authorized purchasers will not be able to specify the mint facility for their orders. The coins can be identified to their production facility based on the unique "banding" included on the green outer storage boxes.
( I would have thought that the big APs would be able to place an order and make sure they received SF coins vs. WP if they wanted them. )
Edited by Teach 01/09/2014 10:40 am
|
|
Bedrock of the Community
United States
17884 Posts |
They probably can't because the whole idea of the ASE bullion coins is that they are just that bullion. So one piece is considered to be no different from any other. Since to the government they are all the same they aren't going to handle special requests. (Frankly though, in that case why bother with distinctive banding for each facility?)
|
|
Bedrock of the Community
13014 Posts |
Assuming you believe theyll actually follow that if anything its likely a result of the volume of those theyve had to make. If one mint needs to focus on something else the other can pick up slack. I dont really believe theyd follow it if push came to shove but those places buy so many anyway they shouldnt have a problem getting a mix of both making it kind of an irrelevant policy.
|
| |
Replies: 59 / Views: 7,262 |