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 Replies: 14 / Views: 2,003 |
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Valued Member
United States
420 Posts |
Hello, I'm really frustrated and confused. I want to start collecting American Silver Eagles but I'm really confused because I love Proof coins but the Proof versions of ASE's are around $60 per coin, not very affordable. However, the uncirculated/bullion versions run around $20 to $30 per coin. A lot more affordable. However, bullion is an investment coin not a collector coin. Now this leads me to my next issue. Because I love Proof coins I also love the velvet boxes. I can get velvet boxes for bullion coins but I can't put the coin in an air-tite holder because then it won't fit in the velvet box. What are my other presentation and protection options? Also, bullion coins do not have a mint mark but my understanding is that they do have the year on them, is that correct? Can someone PLEASE help me figure this all out? Thanks, Rich |
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Pillar of the Community
United States
1523 Posts |
I tried to shed some light for you in your other thread about this Rich.And the bullion coin of this series is very highly collected.I think you need to read up on the ASE. Edited by Halfwitty
02/19/2010 11:07 am
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Bedrock of the Community
United States
12437 Posts |
Quote:
I can get velvet boxes for bullion coins but I can't put the coin in an air-tite holder because then it won't fit in the velvet box Proofs come with a blue velvet box and they are enclosed in a coin capsule, it fits just fine in the box. There are plenty of these box and capsule sets available on ebay from people getting their proofs slabbed and not needing that packaging any more. And yes, the bullion versions are without mintmark but they are most certainly dated. |
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Valued Member
United States
245 Posts |
The American Eagle is a highly collected coin series in both MS and Proof coins. I have a complete set of the MS all graded MS69 and certified by NGC. I keep the coins in a special slab binder made by Eagle and it looks great and is a great way to store them. I'm currently working on an all NGC certified set of the proof coins in PR69 UC and you are right it's an expensive set to put together. I buy a coin every couple of months because of the cost involved. On the MS side the only really expensive coin is the 2008 with the 2007 reverse on it and I got lucky when I bought mine from the mint as it was one of those so I sent it in to NGC and it came back a MS69 with the reverse back on the label. If you are collecting the raw coins and putting them in airtite containers I'm sure someone makes a page for a binder that will hold them where you can enjoy seeing the coins. I'd do a search on coin storage and look at binders and coin pages that fit in three ring binders. Another option is a Dansco album and you buy the album cover in the size you need and they make pages for the American Eagle coins that are labeled American Eagle on the top and have no dates on them so you can build the set the way you want and leave out the 2008 with the 2007 back. Here's a place to look for what you need. http://www.jpscorner.com |
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Pillar of the Community
United States
922 Posts |
Why not get a Dansco Album for them instead of boxes. They look great in an album.
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Valued Member
 United States
420 Posts |
Quote:Halfwitty - I think you need to read up on the ASE. I have tried but it is confusing. I'm a collector not an investor. I can get a velvet box, ASE Bullion coin and air-tite holder for $41.50 from an online store including shipping. That's over $30 cheaper than the Proof version from that particular store. Sure they don't have a mirror finish but they are really beautiful coins and I like them regardless. I collect everything else Proof why do I need to collect EVERYTHING PROOF? I don't. I also need to learn about spot prices. The current Silver Bullion spot price is $16.12 per Ounce. What does that mean in terms of Silver Bullion coins? The coin by itself is $31.00 that is $14.88 over spot.....what does that mean? I talked to an employee at the store mentioned above and he told me that if I put the coin in an air-tite holder I can still close the velvet box the coin just won't sit flush in the box, which is OK with me. Thanks, Rich |
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Moderator
 United States
188415 Posts |
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Why not get a Dansco Album for them instead of boxes. They look great in an album. I agree, but this is just my opinion. It is a set that I have considered starting for that very reason. |
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Valued Member
United States
420 Posts |
Hello, I have come to a compromise for my own personal Bullion collection. I'm going to use these air-tite albums http://www.jpscorner.com/AirTite_Co...ge_Boxes.htmWhen I give one as a gift I will use the velvet boxes. Now I have to figure out who has the best prices on Bullion Coins.....any suggestions on how to do this? Thanks, Rich |
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Pillar of the Community
United States
1523 Posts |
I would have a chat with my local coin shop and get a good discount for buying often from him.You are usually gonna pay a premium above spot price for silver but that premium is going to depend on the dealer or seller as silver is going up and down all the time. Obviously a good time to buy is when silver is down.When silver was around 12 dollars an oz. I was buying them for 14 dollars each from my coin shop. These are unc. bullion coins with rarely a bag mark and a beautiful field.My 86 even has a matte finish even though it is not a proof.
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Rest in Peace
 United States
1380 Posts |
Try APMEX.com for cheap pricing on the ASE's. They even have the empty boxes for $3.99. |
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Pillar of the Community
United States
1534 Posts |
$41.88 is a very bad deal. Raw, without any special packaging, you can buy easily for $22-$25, perhaps a bit more for the key dates. Most of the Proofs I've seen sell for around $40-$50. Go to any local dealer, or ebay, and you will see ASE's with the prices I quoted. Also, they are not just bullion. They are considered that by some, but many people collect them. |
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Bedrock of the Community
United States
11951 Posts |
Rich All the information you are asking is in the 2010 Red Book pages 337 - 338. FYI - Only proof and burnished coins have mint marks. Depending on the year will be a S, P, or W. These are sold as collectible coin through the U.S. mint and have a premium price. - Bullion/business strike coins have no mint marks. These have much higher mintage's and are sold mostly as a silver coin investment. These are sold through the dealer network. Many people do like the coin and and save them as collectible coins. There are many different way to store/house your coins. -albums, velvet coin cases, frosty coin holder, air tights, 2X2's etc. If you shop around you can find what ever you like, and if you keep your coins long enough, you may even change how you store them over time. Here are a couple of pictures of mine.     Edited by GR58
02/19/2010 11:42 pm
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Bedrock of the Community
United States
14454 Posts |
I don't know what online dealer you were looking at but lose that address as fast as possible because 14.00 over spot isn't a good deal any time for a silver bullion coin, you can find them for just a few dollars over spot way to many places and as was said above the boxes can be found pretty cheap also so if you want to buy the coin and the box you will still be quite a bit cheaper than the dealer you quoted, and with every 3 you buy it would be like getting a free one if you were buying from this online dealer you were talking about
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Pillar of the Community
United States
1523 Posts |
Nice set up Gold rush.I'm envious. Mine are just in flips.
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Pillar of the Community
United States
628 Posts |
Both the proof and uncirculated ASEs come in a plastic air-tight in a blue velvet box if you order directly from the U.S. mint.
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Replies: 14 / Views: 2,003 |
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Posted 02/19/2010 11:29 am
