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Replies: 25 / Views: 5,278 |
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Pillar of the Community
United States
588 Posts |
Hello, I always wanted to own a Proof ASE, when the 2015 issues releases what will be the best place to buy these. And when do they release? Thank you!
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Pillar of the Community
United States
589 Posts |
If you want a PR70, or a graded one in general, really anywhere is the best place to buy them. Cheapest places I think are via precious metal dealers (APMEX, MCM, etc.) But you can always score great deals on ebay. If you want a proof ASE, no grade, then the cheapest option is the direct from the mint. Of course, if silver prices tumble (which they may...forecasts and all), you might over-spend a little bit (regardless of graded or raw) When they're released...I'm not sure. I think historically it's been mid-January. And this supports that conjecture: "The U.S. Mint plans to sell 2015-dated gold bullion coins beginning Jan. 5 and silver coins a week later, the agency said." http://www.kitco.com/news/2014-12-0...-Jan-12.html
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Pillar of the Community
United States
4901 Posts |
The 2014 Silver Proof was released towards the end of January and it is still on sale so no rush... ...and MCM is great for getting NGC/PCGS 70 grade ASE's (mostly NGC).
Edited by Foxwoods Man 12/14/2014 08:42 am
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Moderator
 United States
23522 Posts |
You can expect to start seeing slabbed examples on the market within a couple weeks of release - the bigger dealers are going to move fast to be first to market. Buying that early is probably going to cost you a premium which time might not justify, though.
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Pillar of the Community
United States
624 Posts |
The prices on ASE's have been dropping. I have noticed that many of the ASEs, including the DCAM PR/PF 70's are lower than one year ago. Since commodities prices are falling, I wonder how long this trend will continue and if it might be a good idea to wait-out buying a 2015?
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Valued Member
United States
291 Posts |
If I may make a suggestion, if you just want a slabbed proof ASE, buy one that is a few years old. I purchased two TPG proof ASE a few months ago for 2014 and 2013. Both were PR70 coins and looked magnificent. Now both are covered with milk spots. Unless you need a 2015, I suggest getting one a few years old so you can be sure it will not have / develop milk spots.
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Rest in Peace
United States
7075 Posts |
jhp2104 Thanks for your post. I never thought about milk spot developing years after a coin was slabbed. I only have a few ASE's -- but I was thinking about adding some and you've given me something to think about.
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Valued Member
United States
291 Posts |
@Buddy - I was overly excited when I purchased mine. They were the first ASE proofs I had ever purchased. Both were PCGS 70's with gold foil labels [I know, waste of money, - but I liked the presentation and at the time they were proudly displayed on my desk (I've found graded coins make a great conversation piece)]. I had visions of purchasing one every year and slowly building a set. Then I slowly stated noticing the spots... First on the 13, and then they began to develop around October on the 14. I still think I will buy one graded ASE proof every year, I am just going to start a few years back to prevent this from happening again. From reading other posts on this forum, it appears that if an ASE is spot free after 3 or 4 years, it will not develop spots.
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Pillar of the Community
United States
624 Posts |
Please correct me if I'm wrong about milk spots on the slabbed ASE's. I thought that they were a result of the reaction of chemicals in the production process and are there from the beginning. In other words, milk spots don't develop over time inside a slab. Is that incorrect?
Edited by BamaBlue 12/16/2014 3:09 pm
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Pillar of the Community
United States
1132 Posts |
Chemicals used in preparation process of the dies (I heard it was some kind of Flux, but this isn't confirmed) causes a small amount of silver to dissolve. Milk spots are the result of foreign materials in the silver that now (because the silver was dissolved) have nothing left to cling to, and can become visible over time.
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Valued Member
United States
90 Posts |
I had this problem as well. Paid high prices for pr70's they developed spots and I unfortunately had to sell some and noticed the price decline. I'm starting to wonder if it makes more sense to just collect 69's anyone have thoughts on this?
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Bedrock of the Community
United States
17884 Posts |
Quote: I thought that they were a result of the reaction of chemicals in the production process and are there from the beginning. In other words, milk spots don't develop over time inside a slab. Is that incorrect? They are thought to be caused by incomplete rinsing of the chemicals used to clean the planchets, and they can show up on raw coins. But stories seem to indicate that they really start showing up AFTER slabbing. After all there are a lot of MS and PF 70 and 69 ASE's out there with milkspots and the TPG's would not have graded them that high if the spots had been present at the time of grading. So they must have developed over time in the slab. Having to pay off under their grade guarantee is the reason they first dropped coverage of the ASE's for milkspotting and eventually today's exception that eliminates coverage for any coin that turns/goes bad in the holder after slabbing.
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Rest in Peace
United States
7075 Posts |
Jeepers -- I was recently considering 'investing' in some ASE MS70's -- figuring they would/might do all right by me in the future. Now.....well, I just won't buy anything that isn't at least four years old and still raw.
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Valued Member
United States
90 Posts |
The TPG say milk spots have no effect on grading. There seems to be multiple answers on this. When I called pcgs they told me spots don't effect grading it's how the coin was struck and need a magnifier to see it.
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Pillar of the Community
United States
2543 Posts |
Quote: I was recently considering 'investing' in some ASE MS70's -- figuring they would/might do all right by me in the future Not much of an investment, for the 2014 MS70, PCGS has a population of 54,600 plus another 64,421 (W) and (S) slabs. So only you and 119,020 of your like minded friends would possess this investment coin. And that's not including NGC and ANACS MS70's. Or you could get a MS70 Girl Scout or Civil Rights Silver Dollar and only 84 other people would possess this coin. 
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Pillar of the Community
United States
1247 Posts |
HSN is preselling them at 200.00 a pop... All I can say is wow... that is way over priced.
I like watching HSN and Art & Coin show, so I can laugh at what they sell that stuff for.
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Replies: 25 / Views: 5,278 |