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 Replies: 10 / Views: 2,502 |
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Pillar of the Community
United States
1613 Posts |
In April, due to the temporary closure of the West Point facility, the Philadelphia Mint aided in striking 2020 ASE. The mintage was 420,000 coins sold only in monster boxes of 500. While no regular strikes bear a mintmark, West Point or Philadelphia, the mint distinguishes those struck at Philadelphia by box lots numbering 400,000 through 400,479. So dumb question. Are these really going to be considered a "low mintage" rarity? As always those two late night clowns are calling them such. Like that's a surprise. But the prices, and there in sales, are surely going to skyrocket on third party graded issues. At least temporarily. In reality, by the end of the year the mintage will be in the millions including those. What say you?  Edit- It's not my intent to give negativity to those who buy/collect these encapsulations. I'm hoping someone can shed a bit of light on why this is. Because over paying is just silly for otherwise identical coins. Apparently others share similar thoughts thus far. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo
05/07/2020 6:38 pm
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Pillar of the Community
United States
7618 Posts |
I call them "gimmick" coins. They do not appeal to me.
However, there are people that fall for this stuff and will pay for a slab that identifies where the coin originated from no matter whether it has a mintmark or not. It is what it is.
Welcome to the world of late nite television!
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Moderator
 United States
56855 Posts |
Some people collect slabs/labels and some people collect coins. To each their own. John1  |
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Pillar of the Community
United States
4901 Posts |
The mintage was actually around 240,000 and still I have no interest in paying $300-400 for a MS70 bullion eagle that is the same as a MS70 2020 minted bullion eagle that I can get for $30-40
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Pillar of the Community
United States
1213 Posts |
I agree. These "early release" coins that cost ridiculous amounts because they were in the first x-number released are insane. As Foxwood said, why pay 10 times the cost for a coin just because it was minted one day before an identical coin? I see a cache of 1964 Kennedy halves was recently discovered (see link below) and the prices are insane for a special slab commemorating this early release. I'll save my money for a real rarity. https://www.coinnews.net/2020/04/16...alf-dollars/ |
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Pillar of the Community
United States
7276 Posts |
I recently picked up a 2004 slabbed ASE for $23. I promptly crashed opened the slab and put it an Dansco. Like a few people stated some people collect slabs others collect coins. |
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Pillar of the Community
United States
2462 Posts |
 with all of the above. |
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Valued Member
299 Posts |
Not a dumb question. This hobby/business is far too illogical for that. There are no dumb questions, just poor or misled answers. There's a great deal of cupidity involved at every level which doesn't help clarify anything for many folks.
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Pillar of the Community
United States
1913 Posts |
If you look at two coins and there is nothing physically different about them, then they are the same. Why pay more for one coin that is the same as another. The only logical answer is provenance. If a coin can be proven to have been owned by a special person or have been involved in a special event, a shipwreck for example, then it has provenance. It might sell for a premium. In my opinion, I do not think that otherwise identical coins being produced at a different mints or in different OGP rise to the level of having provenance. Also in my opinion, this is nothing more than a money making scheme for the 3rd party graders and TV coin sellers.
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Valued Member
United States
469 Posts |
Crack out that Philadelphia Slabbed ASE and prove to me where it came from |
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Pillar of the Community
Canada
5239 Posts |
There might be demand because people think there will be demand-in other words, speculation. Eventually the price will settle for the true collector interest in that particular provenance. If I were particularly interested in that series it would be worth a bit, not $300 though.
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Replies: 10 / Views: 2,502 |
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Posted 05/07/2020 05:35 am
