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 Replies: 11 / Views: 2,010 |
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New Member
United States
23 Posts |
One thing I've been doing so far is tracking my silver collection value. This includes bars, rounds and ASEs. It's a fairly easy app I've started using recently to do so. One question I have though is regarding the ASEs and the premiums they command. I just bought a complete set of ASEs, on average the coins are $23.70 each. So that me at nearly $9.70 average premium per coin. But it seems, the older the ASE the higher the premium. There is a spot in my app to put an expected premium. Is there a good way to figure this out so my current value and return on investment looks more accurate? Thanks! New guy/Pat |
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Pillar of the Community
United States
4901 Posts |
Sounds like it's complicated by the fact that you bought a group of coins that may (do) have different values. A simple way to get a rough estimate of the value since they are, in fact, a bullion product, is to chart the change in spot silver price x the number of coins. IN THEORY if spot goes up $5 then your collection would be valued +$5 x number of coins. Of course this is an inaccurate way of doing it but it will give you some range of where you are. The true value is what someone is will TO PAY for your coins. Price guides are just that..guides and not present day actual sale prices but they are better than nothing. Note: if (BIG if!) spot gets up there the "value" of the prime coins will not increase in sync. I have a couple of rolls of 1996 ASE's which have the lowest mintage. With spot at $14 they sell for around $50 each. When silver was in the mid $30's they sold for $60. |
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New Member
 United States
23 Posts |
One thing I've considered is looking at 3 reputable bullion dealers prices and taking the average price of the coin and then subtracting the spot price to get my coin premium. But, like you said, the premium increase isn't linear with the increase in spot price of silver. Oh well; I'll figure something to satisfy the OCD investment performance tracker in me.
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Pillar of the Community
United States
4901 Posts |
Bullion dealers are interested in ASE's as the bullion they are. They don't care if they are 1986, 1996 or 2016. ...and you have to look at buy back prices... I checked one dealer and they are selling random date ASE for $18.55...their buy back price for any date ASE is $14.54 which puts your 30 coin actual bullion sell value at $436. |
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Bedrock of the Community
 United States
12840 Posts |
I think within reason you can only achieve a certain degree of accuracy, and any perceived or calculated value doesn't really matter much until you go to sell. Even if you're estimating the net worth of your collection/stack, the number doesn't mean much until it's translated into cash in your hand.
I, too, track my assets (via Excel spreadsheet) but it's really just an inventory with some numbers that I hope are reasonably accurate. I do track the premium I paid but I wouldn't expect to get that back, particularly if I were to sell to a bullion shop (as Foxwoods mentions above). I don't plan to sell any time soon so that's good enough for me.
If you're planning on recouping your premiums at some point, you're starting to wander into the world of numismatic value.
Edited by CelticKnot
01/01/2016 12:49 pm
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Pillar of the Community
United States
4901 Posts |
Spot on  |
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New Member
United States
23 Posts |
Gentlemen, thanks for that. Obviously, I'm not capable of figuring out numismatic value. So I guess unless I'm buying graded coins at a good deal, I really should plan on recouping them at spot. It's interesting that we buy these at a premium and sell them at spot. Why is this? I'm really starting to show my lack of knowledge now. But this is part of the process. The price of admission, so to speak. I accept that. I suppose since sets are going for a premium far above spot on ebay I can reasonably assume I should be able to sell it at that a premium if I decide to do so. Maybe stocks, index funds and straight up bullion is where I should be focusing. And as far as coins go, look at them as a collection as opposed to investment. Hope to hear some opinions on this! On a different subject since I just got done saying I'm not qualified to be making investments in coins; here is a question about investing in coins  I sent a message to a dealer in ebay who happens to be quite close to me. He offered me this set at $135 cash. I was wondering opinions about the coins and offered price. Guys/Gals, I realize I can't post every time I'm going to make a purchase, but this will help me understand what my perception of value is at this point. This seems like a decent deal. http://www.ebay.com/itm/141783958207Pat Edited by mispoken
01/01/2016 11:38 pm
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CCF Master Historian of USA Commemoratives
 United States
12283 Posts |
Quote:
I was wondering opinions about the coins and offered price. Facts are generally better than opinions. Do an ebay search for similar coins that have already been sold. It will tell you exactly what people have been paying for the coins and then you can make a fact-based, informed decision on whether the offer you have been given is a good deal. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
United States
12840 Posts |
Excellent advice from commems (par for the course, to be perfectly honest). The coins in the ebay link you provided are proof coins, so we're wandering all over the ASE spectrum in this thread now. The set from which these coins came originally sold for $150 and has not done particularly well on the 2ndary market... which is unfortunately* obvious if the seller is offering the PF69 coins to you at $135. *yes, I bought a set at retail. Phooey. |
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Pillar of the Community
United States
4901 Posts |
Whew...let's give it a go: Quote:
It's interesting that we buy these at a premium and sell them at spot. Why is this? "We" don't sell at spot. "We" sold the coins to you at a premium  Quote:I suppose since sets are going for a premium far above spot on ebay I can reasonably assume I should be able to sell it at that a premium if I decide to do so. Reasonably logical.(see above) Quote:
Maybe stocks, index funds and straight up bullion is where I should be focusing. And as far as coins go, look at them as a collection as opposed to investment You have mixed goals and a mixed purchase. You bought a "collection" of "bullion" coins...they are decent to collect and thus the premium you paid is because of that fact. They are not intended to be collector items but, like the 5 ounce ATB pucks, have become collectibles. As far as the SF set...PNG is a very good dealer and has some decent prices AT TIMES. This one is a bit high as that set in that grade goes for right around $150-170. I hate to keep harping on a point but that set is a perfect example of a collector item vs. a bullion item ...same silver content but significantly less mintage, mint marked and better quality and unique finishes. It also shows the difference between 69 and 70 grades with the 70 grade going for $350-370. THESE are the coins you buy direct from the Mint for a raw collection or to have graded and hope for 70's. Edited to add: oops... read right over the $135 offer part...decent price for this set Edited by Foxwoods Man
01/02/2016 08:58 am
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New Member
United States
23 Posts |
Thanks for the responses! This is kind of my "M.O." I jump into stuff feet first, I obsess over it and burden the boards with my random smattering of questions that pop Into my head. I'll take a chill pill for now and casually browse ebay and maybe a coin show or two and try to learn as much as I can by talking to folks like you all. Thanks a ton! |
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Bedrock of the Community
United States
10982 Posts |
You never need to sell an ASE at spot price. You can always find willing buyers at spot + $2 if you try. As a side note I value my items at wholesale and wholesale on ASEs is spot + $1.50 at a minimum. |
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Replies: 11 / Views: 2,010 |
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Posted 01/01/2016 10:50 am
