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Is The US Mint Changing Its ASE Packaging?

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Pillar of the Community
United States
1226 Posts
 Posted 12/18/2023  9:19 pm  Show Profile   Check Gilly's eBay Listings Bookmark this reply Add Gilly to your friends list Get a Link to this Reply

Quote:
If proof ASE's are collected, then it seems to my way of thinking, that such a collector is more of a coin collector than a silver stacker.
Price proof ASE $80, spot silver / ounce $24.


Absolutely! That's me! You mentioned the word, (or a derivative of) "collect", 3 times in that statement. Many people collect coins, without a thought of being a stacker. I've paid way way too much for many of my ASEs, when looking at the value of silver. But that's ok. It's what we collect. People pay ungodly amounts of money for things that have no intrinsic value at all, I couldn't even begin, well ok, let me begin: how about sports cards, thousand and even 100s of thousands for a small piece of cardboard. How about an old car, a Corvette or a Mustang or a Mercedes or a Duesenburg. What's the price of scrap metal, that's the intrinsic value. Just because people also stack ASEs as bullion, doesn't mean the proofs, sets, etc aren't worth what people pay for them.
I have a silver stack as well, along with a collection, it's 2 different things, different aspects of the same hobby.
Edited by Gilly
12/18/2023 9:20 pm
Pillar of the Community
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 Posted 12/18/2023  9:26 pm  Show Profile   Check Gilly's eBay Listings Bookmark this reply Add Gilly to your friends list Get a Link to this Reply

Quote:
I welcome the return of a higher quality clamshell, it will make me feel like collecting Proof ASEs have a higher standard.


I think it's great they are going back to clamshells.
It doesn't really look as nice as before the type 2 ASEs came out. Anyone who has collected Uncirculated understands, they made the proof presentation box the same as Uncirculated, a little cheaper. But the box will be nice. It's also make the OGP more of a stand out for the 2021-23 coins, an oddity.
It'll be interesting to see if they keep the Uncirculated as it has been or put them in the clamshell also. Could we have seen the last of an ASE in the fuzzy tray? I'd wager the Uncirculated OGP remains the same as it has.
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hfjacinto's Avatar
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7276 Posts
 Posted 12/18/2023  9:51 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply

Quote:
If proof ASE's are collected, then it seems to my way of thinking, that such a collector is more of a coin collector than a silver stacker.
Price proof ASE $80, spot silver / ounce $


I paid wayyyyy over face value for this note and it's value is only $0 as bank notes have no face value and to make it even worse I paid to have it graded

Is-The-US-Mint-Changing-Its-ASE-Packaging?

And if I try to sell it it's worth significantly more than I paid even with the slabbing costs as it's a top pop only 1 in its grade.

I paid $65 for this coin (3 x spot)

Is-The-US-Mint-Changing-Its-ASE-Packaging?

Is-The-US-Mint-Changing-Its-ASE-Packaging?

As Gilly knows its selling for 15-20x what I paid for it

The proof ASE are not bullion coins and will never be. They have a numismatic premium.

Will that Premium hold long term, I can't answer that as many were minted but there is still so much demand that the future looks promising. Even the original 1986 proof ASE sells at a premium, so I expect that premium to last long term.

The below are what I would call a stack, I paid from spot plus $3 to spot plus $20. I don't expect any real premium, but the below were not purchased as numismatic (although I did like the designs)

Is-The-US-Mint-Changing-Its-ASE-Packaging?




Edited by hfjacinto
12/18/2023 10:01 pm
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datadragon's Avatar
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1648 Posts
 Posted 12/18/2023  11:56 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
If proof ASE's are collected, then it seems to my way of thinking, that such a collector is more of a coin collector than a silver stacker.
Price proof ASE $80, spot silver / ounce $24.

Quote:
Many people collect coins, without a thought of being a stacker. I've paid way way too much for many of my ASEs, when looking at the value of silver. But that's ok. It's what we collect. People pay ungodly amounts of money for things that have no intrinsic value at all, Just because people also stack ASEs as bullion, doesn't mean the proofs, sets, etc aren't worth what people pay for them. I have a silver stack as well, along with a collection, it's 2 different things, different aspects of the same hobby.


Yes collecting coins and silver stacking for the value of the silver are two completely different things. We have collectors here who never want to sell, collectors who buy things that are known to not have a lot of potential value, and collectors that want every year or coin of a series regardless of its true value for a later return. Many just enjoyed putting coins they found in circulation into a folder without any thought to value. Thats all quite normal as long as you are informed about your items you buy (such as when something may not hold value for resale). I mentioned collecting variety labels of video games a long time ago - same games, different label on them, and that is another example where value wasnt even a thought at the time. Some of my friends and I buy modern digital games and no longer have the physical game, these have zero value for resale yet money was spent. So buying something tangible like proof coins is a far better choice in general at least.

Proof coins are generally poor choices over other options (for silver stacking) but great for collecting, as would be collectible coins if you arent going to learn to sell direct to other people and only deal with dealers who may just offer the value of the base silver rather than its numismatic value. It's usually a value crapshoot. When they create a 1 oz Star Wars round and sell it for $35, you are hoping the limited mintage or design pushes it up and can sell for a profit. As a collector, maybe you just like that design or 'star wars'. Of course there are issues even with just stacking, you buy cheap rounds but get ones with APMEX on them and then local dealers wont buy because it says APMEX so it was a bit harder to sell, or wont buy because its generic and not a country issued coin so its a bit less liquid. You get a fake etc. So maybe its fine to grab a bit higher maple leaf or ASE bullion for stacking for those reasons. But proofs really are for the collector. For stacking not collecting, I would suggest just buying one or a few with your extra money on a regular schedule so the value of the individual coin is not as much of an issue unless you are specifically trying to buy something for purpose of resale at a profit and speculating which is another topic. You'd be doing better than 95% of people who hold no physical metals most likely.


Quote:
Your Photos of Your Lady's are Awesome, LOVE the OGP !!!!!


Agreed, really like the photos and never really considered the OGP so much beyond sets like mint/proof sets until now.
Edited by datadragon
12/19/2023 12:10 am
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Dearborn's Avatar
United States
96315 Posts
 Posted 12/19/2023  12:19 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
Well I guess that the mint DOES listen to the folks that do the buying!
A nice change back to quality products (now lets get the coins back up to snuff too)
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Morgans Dad's Avatar
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5614 Posts
 Posted 12/21/2023  7:04 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
Dearborn,

From Your Posts to Their " Quality Control " dept, of days gone Bye....


Data, I started with a Whitman Lincoln Cent Book, Thrilled filling holes, ( 1963 )..... My, How things Evolve.......
New Member
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 Posted 01/13/2024  1:10 pm  Show Profile   Bookmark this reply Add aigcpa to your friends list Get a Link to this Reply
Glad to see they are finally going back to better presentation cases after the cheap garbage they used the past few years but would love to see them return to the velvet beautiful jewel boxes they use to use that enhanced the coins if you love collecting proof coins.
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Morgans Dad's Avatar
United States
5614 Posts
 Posted 01/13/2024  7:42 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
, aigcpa


I Agree


The Original 1986 Velvet Lined Holders , The ASE's came in, in and Out, are SWEET..... ps, Hope Quality Control is Re-Placed Too......
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jbuck's Avatar
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188660 Posts
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datadragon's Avatar
United States
1648 Posts
 Posted 01/15/2024  11:32 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
Data, I started with a Whitman Lincoln Cent Book, Thrilled filling holes, ( 1963 )..... My, How things Evolve...


Many collectors got their start with a nice whitman folder, for me it was also cents and I did try whitman folders for others. However for some reason I preferred always to put them in 2x2s and then in a 3 ring binder with pockets vs the folder or album. No worry about not filling holes, better protection. Theres something about not caring about value and just trying to find all the different coins out there.... Now you are grabbing all the silver eagles! Perhaps a better thing to collect than...banana labels? 21,000 banana labels is a passionate collector and made friends while doing it. there might be 25 in the US, roughly 50 in Asia and 200 in Central and South America so thats a very niche type of collection but quite unique.
https://www.cnn.com/2020/02/22/us/b...d/index.html


Quote:
The Original 1986 Velvet Lined Holders , The ASE's came in, in and Out, are SWEET..... ps, Hope Quality Control is Re-Placed Too......


+1 for those who are more into collecting them in packaging vs those who buy and slab kind of collectors. If your going to spend $80 on one ounce of silver, that and the 1995 satin lined velvet case would be a great thing to include and make people want a ogp version vs a graded one possibly.

Is-The-US-Mint-Changing-Its-ASE-Packaging?

Edited by datadragon
01/16/2024 09:54 am
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Morgans Dad's Avatar
United States
5614 Posts
 Posted 01/18/2024  09:11 am  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
Seems like the OGP'g is going to Change,

I appreciate DATA putting up a Picture of The First American Silver Eagle Made 1986 PROOF !!!



She Looks Awesome, Nested in Her Velvet Throne........

PS, Waiting for The Newest Members To Arrive ......
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