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Finally! 2016 Burnished ASE Listed

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CelticKnot's Avatar
United States
12853 Posts
 Posted 11/02/2016  10:29 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
That's right... sorry, missed the original question of Kurrykid. The main visually distinguishing factor is the "W" mint mark on the uncirculated burnished vs. no mint mark on the uncirculated bullion.

Also, burnished are available directly from the mint and have OGP and COA, while bullion are only available through APs (authorized purchasers) and do not have any fancy OGP.
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Kurrykid's Avatar
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 Posted 11/02/2016  8:50 pm  Show Profile   Bookmark this reply Add Kurrykid to your friends list Get a Link to this Reply
Thanks everyone...I got it now!
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wyzeguy's Avatar
United States
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 Posted 11/02/2016  10:15 pm  Show Profile   Bookmark this reply Add wyzeguy to your friends list Get a Link to this Reply
Was just thinking of this today. Glad a date was finally posted.
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clairhardesty's Avatar
United States
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 Posted 11/03/2016  02:08 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
Here is the link to the U.S. Mint's description of the various ASEs: https://www.usmint.gov/mint_program...rican_eagles

Basically, bullion coins are struck with production die at production speeds and forces using blanks straight from the vendors, uncirculated coins are struck with specially prepared and hardened die at lower speeds and greater forces using blanks that have been burnished by the mint, proof and reverse proof coins are struck at least twice with highly polished hardened die at slow speeds and and high forces using blanks that have been mirror polished by the mint. The burnishing and mirror polishing do not create the final finish on the coin, they only make it easier for the die to create the desired finish, reduce defects, and prolong die life.
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wyzeguy's Avatar
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 Posted 11/03/2016  2:41 pm  Show Profile   Bookmark this reply Add wyzeguy to your friends list Get a Link to this Reply

Quote:
This one has unique possibilities and could be a winner


Which one are you referring to and what possibilities do you think it can have?
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mellamobradley46's Avatar
United States
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 Posted 11/03/2016  4:55 pm  Show Profile   Bookmark this reply Add mellamobradley46 to your friends list Get a Link to this Reply
I am assuming by "one" they are referring to the burnished ASE that this post is written about. The possibilities that could make it a winner, there is thought that since it is being released in the last month of the year it might be very low mintage-wise and become valuable in the secondary market.
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clairhardesty's Avatar
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 Posted 11/03/2016  8:42 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
I doubt that the mintage will be "low" in real terms, perhaps in UNC ASE term, but even that probably means 100,000 or more coins (and that really depends how many they get struck by year's end), so they won't be scarce at all. The last year the mint currently shows on their website is 2012 with 198,820 UNC ASEs sold, vs. 832,779 proofs. So far this year they have sold 435,847 proof ASEs.
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crazyglue's Avatar
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 Posted 11/03/2016  9:18 pm  Show Profile   Bookmark this reply Add crazyglue to your friends list Get a Link to this Reply
Thanks for the tip clairhardesty

I just signed up for both the burnished and the annual set in enrollment.

Now I don't have to mark my calendar or try to be hanging around the computer those days.
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mdpmedia's Avatar
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 Posted 11/05/2016  3:08 pm  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply

Quote:
"burnished"?


Using this coin as an example how much additional premium on average does a 'burnished' coin bring in comparison to one that is not burnished?

Also are there examples of any coin where burnishing brings down the retail premium?
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Foxwoods Man's Avatar
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 Posted 11/05/2016  4:13 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Non-"burnished" a.k.a. bullion ASE will usually sell at a set price depending on spot silver. Minimal or zero numismatic value

"Burnished" a.k.a. W Mint mark is tied to numismatic demand. I have never seen a bullion ASE sell for near the selling price of a W BUT the W also costs more initially
Edited by Foxwoods Man
11/05/2016 4:14 pm
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wyzeguy's Avatar
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 Posted 11/10/2016  12:24 pm  Show Profile   Bookmark this reply Add wyzeguy to your friends list Get a Link to this Reply
Any idea what mintage or price will be on these?
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Foxwoods Man's Avatar
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 Posted 11/10/2016  1:14 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Minted to demand (or until they run out)

Usually around $44.95
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wyzeguy's Avatar
United States
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 Posted 11/12/2016  10:59 am  Show Profile   Bookmark this reply Add wyzeguy to your friends list Get a Link to this Reply
Are these burnished ASE's essentially the same as the bullion version but with the "W" mint mark? Same strike?
Would have thought the price would be closer to spot than proof.

I've never purchased one by itself before. Only with the annual dollar coin set.
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commems's Avatar
United States
12311 Posts
 Posted 11/12/2016  11:40 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Are these burnished ASE's essentially the same as the bullion version but with the "W" mint mark? Same strike?

No. The burnished Uncirculated ASE has a finish unlike the bullion coin. The finish appears more satiny or matte vs. the more "shiny" appearance of standard bullion coins. The difference is the result of the planchets being polished prior to striking; standard bullion planchets are not polished.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Foxwoods Man's Avatar
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4901 Posts
 Posted 11/12/2016  2:24 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Tha Annual Dollar Set is a great way to get your W ASE. Surrounded by the Pres and Sac dollars.

I like this set....and this year it could be a low mintage item
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