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Replies: 1,581 / Views: 149,015 |
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Pillar of the Community
United States
7293 Posts |
Quote: I'm not arguing that the industry views modern coins as bullion. You are correct in that regard. However my point is these are standards are changing. No one would ever have thought that someone would be willing to pay $5k-$10k for a "bullion coin" that is only worth $17. The idea that a numismatic must be a historic coin is slowly being chipped at by the free markets. You can continue to have a definition that separates modern vs historic coins, but to the average collector and consumer it matters very little. And I agree with you. These coins are trading at premium, I have this one and a few others that I paid more for. I like the way they look, but I would never pay the crazy prices people are paying now. Look the coin is WOW. It really probably one of the most beautiful coins out there. I had no issues paying the $65 this coin cost. And it looks like alot of other people didn't either, and I understand that the coins has value more than the bullion cost alone, but the coin is just a fancy ASE. So its a bullion coin that the market prices much higher than its actual "value".
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Pillar of the Community
United States
7293 Posts |
Quote: hfjacinto - If you really do feel that it is just a bullion coin, why would you pay $65 for it? Like I posted above the coin is pretty, I can see paying the premium as the coin is a nice coin. Quote: That seems a ridiculous price for bullion. And why would you consider it to be worth more than that now? It seems like, by your logic, all coins are bullion and worth only the metal they are made of. Where did I say that? I said that this coin has $17 in silver, it does have $17 in silver. It also has a nice finish and a nice box, that in itself is worth it to me. Also helps that people will pay SOOOOO much more than the coin is worth. Quote: Either you are not being intellectually honest with yourself, or you are just trying to stir the pot here and get a few people worked up. I'm not trying to stir the pot, I'm calling the coin what it is. Its a bullion coin, whether people pay more or just the cost of the silver that's up to them. All ASE's are listed by the Red Book as bullion, you can call them whatever, but they are bullion coins.
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Bedrock of the Community
13014 Posts |
They're only in that category because they started as only bullion and administratively and ease of use for the user makes sense to keep them all in one place to find them but sure let's ignore facts
Edited by basebal21 11/23/2019 2:40 pm
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Valued Member
United States
165 Posts |
Mint package received as promised by FEDEX and shipped to NGC.
Now I wait to see how it is graded and the serial number. Actually I submitted five coins so I'm really excited.
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Pillar of the Community
United States
587 Posts |
Being bullion and being numismatic/collector pieces aren't mutually exclusive. But this argument that keeps occurring on this forum is based in the assumption that they are. The ASE are bullion. They are sold based on the metal content, not the face value. But these specific versions have special finishes that impart numismatic value, so good luck trying to buy one for spot. Now can we move on?
Edited by bzookaj 11/23/2019 2:47 pm
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Bedrock of the Community
13014 Posts |
Quote:The ASE are bullion. Only the bullion version is bullion. Proofs are not, reverse proofs are not, neither are the burnished. There's no such thing as proof bullion, no one adds production costs to make such bullion. If the mint sells it directly it isn't bullion. Something can become bullion in the after market and bullion can become numismatic in the aftermarket but until one of those things occurs they remain with the designation they were originally produced/marketed/sold as
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Pillar of the Community
United States
1770 Posts |
and now back to our regular scheduled program - coin arrived today and like jack has brought up has a flimsy piece of tape on it feels really light as well LOL I didn't open it yet ill be out of the country for a week. what a crazy ride this has been hopefully we (collectors) do not have to go through this again!! BRING BACK THE WAITING ROOM MINT! and do a better job kicking those bots lol
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Bedrock of the Community
13014 Posts |
They did supposedly deny all the bots, at least the big ones anyways.
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Pillar of the Community
 United States
4618 Posts |
I just got mine. Now to figure out if I want to send it to PCGS or NGC. I really want to rip open the package to see what "serial" number I got. Decisions, decisions. 
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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Pillar of the Community
United States
5650 Posts |
Everyone has and is entitled to their opinions. I do NOT believe the 19XE 2019 American Eagle One Ounce Silver Enhanced Reverse Proof Coin,  In My Opinion, Is NOT a bullion coin. IMO, It is the Special Collectors version of the American Silver Eagle coin. I have seen What I call B S sales hype about a Bullion Coin, in MS-70 condition selling for $7,000.00,WHY, because the TPG'S found another way and means to add to their bottom line. I also see More then a tad of other's here and around the coin collecting World, see things differently. That's what We all are entitled to, Our Opinions....The above mentioned Bullion, without a mint mark are just bullion, Not a collectors version, without the W,S, or other mint marks on the reverses. Looks like this release was anticipated by all, yet there are some, who took the release to other levels. If people really think PHC'S made $50-$75 dollars on their sales, I too am selling a bridge.... The sales of the 19EX'S may be settling to around $1,000.00 to $1,200.00 Not a bad investment, I wish ALL the true collectors were able to obtain a coin, For them, I am sorry......... PS, I have been on that side of the fence before,!!!
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Bedrock of the Community
13014 Posts |
Quote: I have seen What I call B S sales hype about a Bullion Coin, in MS-70 condition selling for $7,000.00,WHY, because the TPG'S found another way and means to add to their bottom line. No. They sell for that because in the case of early date ASEs the 70 is actually rare. People sent them in for grading and the TPGs did their job and graded them. Their sale price has nothing to do with the TPGs adding to their bottom line. Quote: That's what We all are entitled to, Our Opinions. There are subjects where good debates can be had and everything is an opinion such as what is the best deign, whether you would pay the market rate for something, which coin looks the best, does a collection need this to be complete, what would you like to see next or the mint to do etc. Then there are topics where there are cold hard facts such as the TPGs do not make market prices, the TPGs are trustworthy, a collector coin sold as one selling for hundreds over spot isn't bullion etc. There's just some topics that do have right and wrong answers. Quote: If people really think PHC'S made $50-$75 dollars on their sales, I too am selling a bridge It probably is low, but it isn't out of the question. They had to buy most of those on the aftermarket which likely meant $400 minimum. They aren't a big enough submitter to get the dirt cheap rates (unless they do more behind the scenes than it appears) for submission and likely had to use the walkthrough service level to get the coins back this fast which standard price is $150 a coin, even with a discount it'll be a $100 or more, then some express shipping from where they bought it and shipped to grade ect. At the very least they were doing express grading or buying from others that had them graded. There's a lot of overhead fees from the purchase time to the final sale price to have them graded and ready to sell this quickly with how slow they're shipping out from the mint. Then eBay/paypal fees which they likely pay the full rate or close to it. When it's all said and done you can easily see that their profit is much much tighter than most think
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Pillar of the Community
United States
1044 Posts |
Anyone think the mint will ever make another ASE with a lower mintage than 30k? I'm talking about a silver proof, burnished, rp or erp finish only. Not platinum, palladium or gold as these are typically done in lower mintages. I can't see it happening at least anytime soon. I know the 35th anniversary is coming up but I highly doubt they lower the mintage to commemorate it. Unless they come up with some other unique type of finish but what else is out there?
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Pillar of the Community
United States
587 Posts |
Quote: but what else is out there? They haven't colored them yet.
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Pillar of the Community
United States
1044 Posts |
Quote: They haven't colored them yet. I would hope they never do that. Would ruin the series imo.
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Pillar of the Community
United States
7293 Posts |
So far I like the look of the coin but this shipping service with Fedex Smart Post is really slow. I've ordered stuff before and its about 3-4 days. Shipping is going to take from 10 days to 14. That's crazy as the coins left on Monday/Tuesday.
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Replies: 1,581 / Views: 149,015 |