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 Replies: 14 / Views: 1,459 |
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Valued Member
United States
455 Posts |
I ordered and received one of the "burnished" 2007 American Silver Eagles. I have to admit it is one sharp looking piece. I've been collecting the bullion pieces for a number of years and have accumulated quite a few of them. They're nice enough but from a numismatic perspective, they're not the way to go. From now on I'm in for the burnished and proofs. Their cost ordered from the mint, $22 and $29 is reasonable and comparably much less then mint issued commemorative dollars. And who can argue that the ASE design is not one of the beautiful images of Liberty depicted on a coin? I haven't done my homework yet, not sure what the annual mintages have been on the burnished and proofs, info is probably in the Red Book. I like it when my collecting branches out in new directions, keeps things fresh. |
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Pillar of the Community
United States
2254 Posts |
I'm with you TS. I really like proof specimens. I haven't received my burnished yet. Actually, I'm not sure if I ordered it  Regardless, you never know what will pique your interest, and it seems like you found a relatively inexpensive choice for a yearly series. |
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Bedrock of the Community
United States
12437 Posts |
quote:
I haven't done my homework yet, not sure what the annual mintages have been on the burnished
The burnished W Eagles debuted last year. They were included in the 20th Anniv 3 coin Silver Eagle and 2 coin Gold and Silver Eagle sets and were also sold individually. The total mintage across all formats was 470,000 making it the key non-proof Silver Eagle. For comparison, the previous key was the 1996 bullion with 3.6 million minted. They will probably mint a few more this year but mintage will still be limited. Last I saw, the sales total so far was about 450,000. I got lucky and purchased two last year and they sell for $100+ now  I should have purchased 100 with that price increase... Edited by biokemist6
08/23/2007 12:30 pm
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Valued Member
United States
204 Posts |
From what I know the burnished versions (for silver) were just started last year when they were released in the 20th anniversary set and then as single coins (in boxes). I would have greater appreciation for it if it didn't just seem like a gimmick to sell yet another version of the ASE. Since I have all the Uncs and Proofs I feel compelled to get them  , but then that's the bain of this hobby - addiction  . |
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Pillar of the Community
United States
2177 Posts |
Yesterday my dealer said the burnished 2006 W is now selling for $200.00.
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Valued Member
United States
57 Posts |
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Their cost ordered from the mint, $22 and $29 is reasonable and comparably much less then mint issued commemorative dollars.
The commemoratives usally sell more because they add surcharges that are donated to a cause. Like the Little Rock commemorative has a surcharge that is donated for "the protection, preservation, and interpretation of resources and stories associated with Little Rock Central High School National Historic Site, including site improvements at Little Rock Central High School National Historic Site, development of interpretive and education programs and historic preservation projects, and the establishment of cooperative agreements to preserve or restore the historic character of the Park Street and Daisy L. Gatson Bates Drive corridors adjacent to the site." |
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Valued Member
 United States
455 Posts |
Aw nuts! So if I want to have a "complete" burnished set I have to backfill the '06 for $200!
I hate when that happens. Same thing with the '99 silver proof quarters. Oh well.
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Valued Member
United States
57 Posts |
You can still do a date set, there is still a 2006 from Philly that goes for $16 normally. Much like the Proofs, where getting a 1995-W is just insane, but there is still a 1995-P to fill in the date...
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Rest in Peace
United States
3730 Posts |
I have a complete date set of the ASE's, but haven't really looked into how close I am to having all the proofs. I'm sure I don't have all of them, but I should have most. Getting all my ASE's together when I'm not busy will be a good project for me! |
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Pillar of the Community
United States
2177 Posts |
Gary, in addtion to that I'm still looking forward to the day when you have a site of all your collected items! I have not forgotten.
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Valued Member
United States
76 Posts |
The ASEs are very pretty coins, but I just don't understand the premiums some people pay for bullion. It's one thing spending $25 or so for a proof because it's pretty, but the 1996 coins (as someone said, this is a modern bullion coin with OVER 3 MILLION MINTED) are sold for $50 - $70. No way. (For comparison, most years had about 4 million minted instead of 3.5 million - is that worth a 300% premium?)
And the 20th anniversary sets - $500 for 3 ounces of silver? Sorry. I'll keep collecting my ASEs for close to spot.........
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Rest in Peace
United States
3730 Posts |
thingee,
I promise to do that one day.
I am proud of them. Only bad thing is it's tough to store everything. Just today I was looking through the autographed pictures, and showing friends a few -- Mickey Mantle, Marilyn Monroe, King Juan Carlos, and Presidents Truman. Kennedy, Johnson, Ford, Carter, Clinton, and both Bushes.
I love to collect.
And, coins are my No. 1 collectible.
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Valued Member
United States
57 Posts |
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The ASEs are very pretty coins, but I just don't understand the premiums some people pay for bullion.
Honestly, how different is it then paying premium for any coin? Why pay $5,000 for cent, or $1000 for a recent error coin? I can't see why it's just cause it's bullion lessens the collector value at all... |
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Bedrock of the Community
United States
12437 Posts |
quote:
The ASEs are very pretty coins, but I just don't understand the premiums some people pay for bullion. It's one thing spending $25 or so for a proof because it's pretty, but the 1996 coins (as someone said, this is a modern bullion coin with OVER 3 MILLION MINTED) are sold for $50 - $70. No way. (For comparison, most years had about 4 million minted instead of 3.5 million - is that worth a 300% premium?)
It is really all about supply and demand. ASE date sets are very popular because it is one of the easiest date sets to complete and certainly the most impressive set you can assemble for under $500. Since 1996 had the lowest mintage, it has the most demand. Also one thing to remember- the numbers of ASEs minted is a bit deceptive. Since the Eagle programs were initially created as an investment vehicle, many gold and silver Eagles are locked into investment accounts and out of the coin collecting market. |
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Pillar of the Community
United States
2177 Posts |
As long as your autographed photos are out, Gary, why don't you start with those?  |
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Replies: 14 / Views: 1,459 |
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Posted 08/23/2007 12:29 pm
