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 Replies: 19 / Views: 2,504 |
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New Member
United States
15 Posts |
Hi, I'm new to collecting coins and find the eye appeal of the ASE to be to my liking. I recently purchased a 2008 W burnished with 2007 reverse in ms69 as well as a 2008 w burnished in ms70 non error coin. Also a 2 coin set 1986 ms69/pr69 dcam first year of issue, and a complete 1986 thru 2008 set in ms69. I know having collected knives for a long time that what one collects may not necessarily be what goes up in value, but in your opinions do the more expert collectors feel this to be worthy purchases? As a knife collector I collect what is appealing to me but might not be to another, so I hope I'm not making a huge mistake as a newby in coins. However I like the Silver Eagle so if nothing else I'll always have something of value "TO ME". Any comments would be greatly appreciated.  |
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Bedrock of the Community
United States
14454 Posts |
I think the Silver eagles are beautiful coins and they will always be atleast worth what ever a ounce of silver is worth at any given time. You said you collected some that were graded MS-69 and MS-70 and want to point out since you are a new collector, all graded coins aren't the same, NGC/PCGS/ANACS are the top tiered grading companies and all the others should be avoided unless you know how to grade yourself to be sure that they are atleast close to what the label says they are
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Pillar of the Community
United States
4541 Posts |
 to the forum. WOW you have made some big purchases a START to a nice collection |
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Pillar of the Community
United States
581 Posts |
If it's what you like.... As far as investment, who knows. But as a first purchase, I probably would have diversified rather than buy a whole raft of the same thing. The price of silver will have a much larger affect on their value than any MS-xx rating. If silver goes to $3/oz, those MS-69's are going to tank right along with the price of silver. Of course, ASE's are always going to be popular as a way for the small investor to own precious metals. So they'll always be on the radar screen! |
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Pillar of the Community
United States
6326 Posts |
One important thing, that you're already aware of, is to collect what you like and what is appealing to "you". And yes, the ASE "full set" is something MANY of us don't have or can't afford to purchase. I'll go out on a limb and say it'll have a very nice future value to it. The silver price is a rollercoaster ride, but in 10 year increments.....I think it'll keep going up, so in "medium term/long term" ......you'll be good there IMHO... And one other very important thing, is the numismatic value to certain coins or types. Say, for example, the silver price drops to $1.27 an ounce...  .... A pricey Morgan previously worth $650.00 is not going to be "that" affected by silver dropping from $18.00 to $1.27 an ounce......simply because it's "numismatic value".Now the ASE's have this for some years to a lessor degree and this may or may not keep increasing in value over the years, numismatically speaking..... But, simply put, you have a VERY nice complete set there and it's worthy to be in ANYONE'S collection !........  By the way....I collected Bowie Knives and swords for several years too !....I still have a nice batch of them.....but I got out of it years ago.Edited by eaglefoot
08/21/2008 09:47 am
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New Member
 United States
15 Posts |
Thanks for the comments. All my coins are graded by the ones mentioned above. I realize these hindge on silver prices and are a long term type investment. I am also working on some Morgans and Peace dollars as well. And I am collecting the President dollars. My next purchase I believe will be a CC Morgan or a rare date Peace dollar. Both those coins have eye appeal for me much like the ASE, especially the Peace dollar. |
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Valued Member
United States
201 Posts |
I hope you didn't purchase the ASE's through that home shopping network thing. ;) You scared me when you said you collected knives because I know that knives are a favorite selling item on one of those home shopping channels. |
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New Member
United States
15 Posts |
No I don't buy knives off that cutlery show. I have a few online auctions I use. I prefer antique pocket knives. As for coins I have made a purchase off one of the shows, can't remember which one, or which coin. Are their prices way inflated? I've seen coins on shows, then look them up on the internet to find out where, and how much they go for elsewhere. A full set of Sil.Eagles (23) coins in all, in ms69 for less than $800 sounded like an o.k. deal to me seeings I've seen them priced as high as $1400. Anyway I'm learning, took me a while with antique pocket knives too! Heaven knows I made a few mistakes there as well.
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Bedrock of the Community
United States
17884 Posts |
You say in knives you collected what appealed to you. If you sold them now and didn't make a lot of money on them would it bother you or would you still be OK with it because of the years of pleasure you had during their ownership? coins are the same way. You can collect them because they appeal to you, or you can try and guess what coins will go up, and guess when is the best time to sell them, and quite possibly get it wrong as many times, or more, than you get it right. Always be anxious about it and worry about your "investment" instead of enjoying the coins. The choice is yours. Quote:
A full set of Sil.Eagles (23) coins in all, in ms69 for less than $800 sounded like an o.k. deal to me seeings I've seen them priced as high as $1400. This scares me some. Who graded the $800 set, and who graded the $1400 set? Who did the grading can make a BIG difference in what the set is "worth". |
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New Member
United States
15 Posts |
Your right Conder! As for who graded the 2 sets, they where both NGC, but from different venders. Much like my other collections, prices a lot of the time depends on whom/where you buy from. I've seen knives on ebay go for three times what they're selling for at other auctions or dealers. I guess many of my questions are the same ones I had as a novice knife collector, I just need to switch the word knife with coin. I'm going to make a list of the top 4 coins I like and stick to trying to fill them. I'm sure that will keep me busy for many years. Yet I will always go through my change for the occasional "Wheatie" or other collectible coin. Thanks All. |
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Pillar of the Community
United States
1121 Posts |
goldman1, First off, welcome to the forum! You found a very nice place to get insight on all coins. I would have to add that there is a difference from a collector and an investor. A collector buys, trades, and sells coins for the enjoyment of this wonderful and sometimes profitable hobby. An investor buys 1,000 ounces of silver at $12.30 an ounce last week and sells it this week for $14.00 an ounce turning a quick profit. Like almost anything there are grey areas where we all fall in between both collecting and investing. I consider myself a collector who makes a profit here and there or am able to upgrade my collection with trade. I hope this ramble makes sense to you. You picked a wonderful coin to begin you collecting or investing! And again, welcome!
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Valued Member
United States
105 Posts |
with all the money you spent, you should have just gone and bought a couple of Gold Eagles HAHA
But really, congrads on starting out in coin collecting.
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New Member
United States
15 Posts |
I already got a couple gold eagles, and thanks!
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Bedrock of the Community
United States
14454 Posts |
Quote:Both those coins have eye appeal for me much like the ASE, especially the Peace dollar. Wow I don't think I have ever heard Peace dollar and eye appeal used in the same sentence before |
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Valued Member
United States
95 Posts |
The silver Eagle is in my opinion one of the 5 most beautiful coins ver minted in the us.
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Bedrock of the Community
United States
17884 Posts |
Quote:
The silver Eagle is in my opinion one of the 5 most beautiful coins ver minted in the us. The obverse is very nice but I don't care for the reverse that much. I like the Waking half better because the reverse goes with the obverse much better. |
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Replies: 19 / Views: 2,504 |
Posted 08/20/2008 11:08 pm
