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 Replies: 12 / Views: 774 |
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Valued Member
United States
378 Posts |
I know the earlier ASE's can have a varied appearance. This coin has a mirror like finish in hand, I get sun spots in my eyes looking at it. The dark right side is reflectance of the duck tape I have to put on my telescoping camera, to hide it from reflecting on the coin. Is this unusual, or have others here seen a proof like ASE or have one? I'm considering submitting this one for grade. Looking for opinions whether the community here thinks it would be worth submission.   Thanks for your input. Eagle |
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Pillar of the Community
United States
7276 Posts |
The majority of 1987 are proof like. Considering that MS70's are selling for about $50 and grading will cost you about $20-$30 why would you get it graded? I have about 10 1987 all are proof like but they aren't proofs.
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Valued Member
 United States
378 Posts |
All respect, please link me to the 1987 ASE MS70 selling for $50.00, I will buy it now. Edited by eaglebub7
06/06/2022 9:52 pm
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Moderator
 United States
95785 Posts |
no mint mark on this coin. This is a bullion issue. The proof will have an 'S' mint mark from San Francisco.
Edited by Dearborn
06/06/2022 10:01 pm
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Pillar of the Community
United States
7276 Posts |
Actually you are correct. I just did a search for MS70 sold on ebay and the lowest was $40-$50, but when I checked for 1987 they are over $150. I should slab my 1987, but I won't. Good luck on yours. |
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Valued Member
United States
378 Posts |
@hfjacinto, I also did a "sold" search for 1987 MS70 ASE, the LOWEST was $731.08 at the hammer. You have 10 of them, why wouldn't you slab ALL of yours if they're MS70 on your grade scale? Eagle |
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Valued Member
United States
378 Posts |
Quote:
No mint mark on this coin. This is a bullion issue. The proof will have an 'S' mint mark from San Francisco @Dearborn, please reread, my topic was "1987 ASE Proof Like Business Strike". I already have a nice example of the 1987 S Proof. |
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Pillar of the Community
United States
7276 Posts |
Check your search again. There are MS70 for $174 (sold), why wouldn't I slab mine? Because even with a perfect coin my chance of a MS70 is low, the large dealers send in thousands of coins, the whole system is fixed. Large dealers by sheer size will get MS70 on average more than I ever will. The ASE to me are just bullion. I have no interest playing in the MS70 game. That's for people like you. I still have 2 2019 S-Erp not slabbed and I doubt I would ever slab them. Read this article from a dealer that actually sells bullion coins: https://www.sbcgold.com/investing-1...investments/Edited by hfjacinto
06/06/2022 10:49 pm
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CCF Master Historian of USA Commemoratives
United States
12271 Posts |
According to the PCGS criteria for a proof-like designation:  There must be a clear reflection in the fields on both sides of the coin as viewed from two to four inches away. Cloudiness or striations may impede the reflectivity on eligible Prooflike coins. If you can clearly read words printed in 12 pt type in the fields of you ASE from a distance of 2" to 4", it might, in fact, be a proof-like example and be worth sending in. If not, the proposition depends on the accuracy of your assessment of the coin's 70 grade. Hope that helps! Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Moderator
United States
95785 Posts |
Oh, I read it correctly the first time. Since you put that question mark at the end of your headline, you made it look like you were asking if it were proof or business strike. I simply clarified it.
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Moderator
United States
95785 Posts |
Thanks Halder for that link - I forgot about them, I may have to go visit them with some of my silver an gold. After all they are only about 6 miles from my home.  |
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Pillar of the Community
United States
2281 Posts |
Not worth submission.
The chances of you getting a 70 OR a PL designation with this coin is impossible
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
Edited by NumismaticsFTW
06/07/2022 02:44 am
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Pillar of the Community
United States
600 Posts |
Unless you are fairly certain this would come back as a MS70, I think you have to assume it is most likely going to be an MS69. That would only be worth $40-$50 and certainly not worth the cost of submission. You just have to decide if the $30 gamble is worth a X% chance at making a few hundred.
Personally, I've never understood the MS69 vs. MS70 thing (as a buyer). It blows my mind that there are 11.4 million of these coins all likely between MS68 and MS70, and yet folks are willing to pay such a premium. IMHO, if you can't tell the difference between the two coins, I don't see any reason to pay a steep premium...doubly so for a bullion coin. It is a little like reversing the adage of buy the coin not the slab to buy the slab not the coin. I guess that's sort of what the folks at SBCgold (@hfjacinto's link) are saying.
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Replies: 12 / Views: 774 |
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Posted 06/06/2022 9:51 pm
