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 Replies: 19 / Views: 3,260 |
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Valued Member
United States
463 Posts |
I rescently sold about 3 rolls of them in the last few days to get other coinage/something else. I feel that at the cuurent moment whats the point of buying a coin for 2+ over spot and there so common and at todays silver price thats over 30 per coin. When I was looking on ebay I noticed alot of the 2010 rolls going for more then earlier dates. With about 30 million 2010 eagles out there already I cant image it will be worth it in the long run even if they stopped prodction one day. All American Silver Eagle Bullion Coin Sales 1986 5,096,000 1987 9,420,000 1988 5,869,000 1989 6,166,000 1990 7,247,000 1991 6,952,000 1992 5,544,000 1993 5,890,000 1994 5,540,500 1995 4,590,000 1996 3,466,000 1997 3,636,000 1998 4,320,000 1999 9,008,500 2000 9,133,000 2001 8,827,500 2002 10,475,500 2003 9,153,500 2004 9,617,000 2005 8,405,000 2006 10,021,000 2007 9,887,000 2008 19,583,500 2009 28,766,500 2010* 29,110,500 Total 235,725,000 So with the profits of my sales I bought more us junk silver and a roll of the 2011 silver wolfs as I really like the design on these plus only 1 million mintage vs 30 million for the same price. I'm still keeping one roll of 1991 ASE as I belive this is one of the best designs out there. Who else out there is switching or not buying ASE and going to something different If the Us did what the Canadan gov. is doing with the wildlife series and 1 million max mintage I think there would be more interested in the series. A change is needed every once and a while |
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Bedrock of the Community
United States
14454 Posts |
The US can't mint 1 million and stop, they have to mint enough for the demand so as long as there is a demand they have to meet it with ASE's |
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Pillar of the Community
United States
1213 Posts |
Bryan, yeah that's the way the law is currently written. I wonder if anything will change now that Rand Paul has been elected and will have "more influence over the mint." I saw that in a news item somewhere. SCARY!
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Pillar of the Community
United States
1213 Posts |
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Bedrock of the Community
United States
14454 Posts |
Quote:I wonder if anything will change now that Rand Paul has been elected Here's the news item: http://www.coinnews.tv/ron-paul-to-...ver-us-mint/ yeah I had already read that earlier today when I got the email from them but its Ron Paul that is now on the SubCommittee not Rand |
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Pillar of the Community
United States
1213 Posts |
Whoops! Yes, I knew that. I just can't type.  Apparently I can't proof read either. |
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Valued Member
 United States
463 Posts |
Im saying like a sub series to the ASE like how the maple leafs are the main bullion then for example the wild life program being a sub series of it. I wouldnt mind if they stuck with the ASE but I wouldnt buy any unless they did something like the canda wildlife series with low mintage, I dont want to pay a preieum on something if there 30+ million being made |
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Valued Member
United States
268 Posts |
I think they should do like the UK does with the Britainicas have 2 designs to sway put every other year, and then every few years change the design of the ASE. They can keep with the emblematic design of Lady Liberty on the front and Eagle on the back but change the design some to make it more interesting. |
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Pillar of the Community
United States
6326 Posts |
I almost NEVER buy bullion ASE's anyway.......I like the Proofs best....and Burnished Uncirc's second.....don't have any interest in bullion versions. Edited by eaglefoot
12/16/2010 9:22 pm
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Bedrock of the Community
United States
17884 Posts |
I think you folks are missing the point on the ASE program. It is and was never intended to be a program that created coins that might be collectible or go up in value in the future. It was designed to simply be a way to ONE sell off the surplus silver stockpile and two provide a way for citizens to be able to buy silver at a small premium over spot. There was never any intent that these things would ever be worth more than the spot value of silver. The Proofs and Unc W's where their attempt to make a numismatic coin out of them. For the most part they have succeeded. |
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Pillar of the Community
United States
2541 Posts |
Good point. I only started collecting in 2007, so I only have 2007 and up. I will try to pick up some of the earlier years.
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Bedrock of the Community
United States
19944 Posts |
Sorry to the folks that collect them....but...
I only see these as bullion too. I agree 100% with Condor.
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Pillar of the Community
United States
958 Posts |
96 seems to bring a prem in MS+ state
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Valued Member
United States
397 Posts |
One thing that many collectors don't realize is that the ASE is the only way to hold physical silver in a tax-sheltered IRA. Well, a few other bullion coins qualify (they have to meet fineness standards and be monetized - like the Canadian maples and Austrian Philharmonics). This aspect makes the American Eagle program very attractive to certain types of investors. I would be very interested to know who holds more - collectors, speculators, or long-term investors. |
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Pillar of the Community
United States
958 Posts |
True any US coin can be sold for above face and profit is non taxed. If someone bought 1,000 ASE and held them for one year they could sell any profit would be tax free Where if the guy had bought 200 5 oz bullion bars and sold he would still have to pay capital long term gains tax or even worse higher tax rate if he held for under a year Thats one reason buying junk silver coin bags as a investment is attractive to some over buying bars esp if the plan is short term hold on physical silver. |
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Valued Member
United States
188 Posts |
I've never been a big fan of the ASE's. I tend to only buy them when I think it may be a low production year. They carry to high of a premium to buy them as bullion and usually have too high of a mintage to be rare as a collectable. 90% silver as bullion for me and there are much more interesting and pretty coins out there to be collected. Of course that is only my opinion. |
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Replies: 19 / Views: 3,260 |
Posted 11/11/2010 5:14 pm
