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Replies: 71 / Views: 7,507 |
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New Member
United States
23 Posts |
*** Moved by Staff to a more appropriate forum. ***Hi Folks, I'm new in the Coin World and I'm absorbing as much as my brain will allow to educate myself. I've been after a complete set of ASE for a while. I found one on ebay (I know the dangers of ebay coin buying) and put in a bid. I put in $710 for 30 coins. I wasn't expecting to get it at this price as I know a complete set is usually worth north of $800. Well, I won the auction. I'm fairly confident in my ability to differentiate real silver from fake. Between weighing, measuring, sound testing, and magnets, I'm fairly certain I can tell if its pure silver. My question is, is it worth having these graded? I'm not opposed to it, just don't know if the cost out weighs the actual cost and value after grading. It seems like ASE's with a decent grade don't fetch that high of a premium. What are ya'lls opinions on grading ASEs? Thanks! Pat
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Moderator
 Canada
10458 Posts |
 to CCF!!
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
United States
500 Posts |
 and no, I see no reason to get them graded. Congrats! It's a nice set to have.  I have about half of them in a Dansco album and someday need to finish it out. So many open projects!
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Moderator
 United States
188560 Posts |
 to the Community! Personally, I am not a fan of getting coins graded. For me that money is better spent on getting more coins.
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Pillar of the Community
United States
1277 Posts |
Not worth having graded but congrats on getting the set for a great price
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Rest in Peace
United States
17900 Posts |
With few exceptions, unless you get a grade back from NGC or PCGS of a perfect 70, anything (even a 69) below perfection will usually not pay for the difference you are paying for having them slabbed. If you look at the prices (most commonly in NGC slabs) that dates are selling for in MS-69, you will see that if you take the price of the ASE and add on the price of the certification, it is more than what you can buy individual coins for (for MOST dates) already slabbed.
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Pillar of the Community
United States
1913 Posts |
At 30 coins, you're just starting your ASE collection. Read about all the different coins in the link below: http://silvereagleguide.com/Start saving your money for the 1995-W Proof ASE. It's pretty much worth more than the rest of them combined.
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Pillar of the Community
United States
4901 Posts |
Welcome.... I assume you purchased a set of the bullion coins from 1986 on... There are MANY other types of collector ASE's to add to your collection from proofs to reverse proofs to enhanced finish coins. Also collector coins with mint marks from West Point and San Francisco I would NOT get the bullion coins graded....it would nearly double the cost of your collection.
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Pillar of the Community
United States
7390 Posts |
Nice. Don't get them graded just keep adding to the album  Here's my near complete set of bullion and proof versions from 86-06. Just look how beautiful they are in the album and it should make your decision for you https://goccf.com/t/246086
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Bedrock of the Community
 United States
12837 Posts |
Now that would be a fun package to open! Congrats and   with the others... no need to grade them, particularly if they're bullion.
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Moderator
 United States
15433 Posts |
 to the CCF. If these are the bullion version then not at all worth having graded ... enjoy them for what they are. David
Take a look at my other hobby ... http://www.jk-dk.art
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New Member
 United States
23 Posts |
You guys are awesome! For my future reference, am I seeing the price to have a coin graded is about $16 at PCGS? Here is a link to the lot I won; http://www.ebay.com/itm/1986-2015-S...p=true&rt=ncI'm also wondering about another lot of 3 graded coins I won here; http://www.ebay.com/itm/SILVER-EAGL...047675.l2557Those, I'm curious if these types of slabbed coins are still easily counterfeited? Can the slabs be opened and closed so as to put a fake in a slab? It seems like getting to one of these to verify authenticity via my regular methods of magnet, weight, dimensions and the coin trust app I use to check the sound of it. From what I could tell, looking through the price of MS69 through JM Bullion, the price I got on those 3 coins is not bad. Of course, as mentioned above, I realize the risk of buying on ebay. I consider these purchases tuition. If they're good coins, then I got a decent price, if not thats Hard Knocks University graduate level education. Thanks folks! Pat
Edited by mispoken 12/28/2015 8:36 pm
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Pillar of the Community
United States
1913 Posts |
You can verify the authenticity of a coin by checking it on PCGS's or NGC's websites. http://www.PCGS.com/cert/http://www.ncscoin.com/CertLookup/CertLookup.aspxIt's very doubtful that someone would counterfeit such an inexpensive coin and put it in a fake holder. There's much more money to be made (stolen) counterfeiting more valuable coins. That said, always check. With the near perfect coins (69's), you should be able to find some minor imperfection that shows on the grading service website and in the pictures you're looking at (or in person). You got a fair deal on those 3 coins. Go ahead and grab the 2015 proof and burnished silver eagles from the mint's website. I read that they're going to stop selling them at the end of the year. They'll likely cost you more if you purchase them 2nd hand.
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New Member
 United States
23 Posts |
So another thing I started doing in 2013 is buying a tube of 20 of the current years ASE. So I have 2 tubes of 2013, 1 of 2014, 1 of 2015 and 1 2016 is on pre order. I did some googling, burnished is different from BU? It seems that they're essentially BU except polished further? I may consider starting a proof collection. Back to the original question of grading, are proofs worthy of grading? If I were to order one from the mint website for 2015 do you have that type of thing graded? Thanks! Pat
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Pillar of the Community
United States
7390 Posts |
I agree. If ypu want ypu should go to http://www.usmint.gov and buy 4 items that will no longer be for sale in 3 days! They are the 2014 proof, 2014w unc (bunished), The 2015 proof and the 2015w unc burnished. Here are the 0roduct #'s, just enter them in the search box one at a time and add 1 each to your cart then checkout (you can and should also create an account first) Product #'s: CS1 - This is the 2014 proof XA6 - 2014w unc ES6 - 2015 proof ES7 - 2015w unc Best to buy them from the mint while you can 
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Pillar of the Community
United States
1913 Posts |
Pat, burnished is basically like a perfect condition uncirculated ASE except that it was made at the West Point mint and has a W mint mark. The regular bullion coins don't have mint marks. For each year there's a bullion, burnished and a proof ASE at a minimum. Sometimes there are other special variations.
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Replies: 71 / Views: 7,507 |