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1998 ASE - What MS Grade?

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Ralph's Avatar
United States
1582 Posts
 Posted 09/12/2006  10:01 pm Show Profile   Bookmark this topic Add Ralph to your friends list Get a Link to this Message Number of Subscribers
Okay - I'm having problems with posting photos of this coin - keeps bouncing me back, so I guess they're too big - still haven't mastered this scanner, yet.
A little history of the coin - I bought it on ebay as a proof 1998 ASE, but, when it arrived, it turned out to be uncirculated. It's in a blue velvet U.S. mint box similar to the proof coins, and that sets in a blue cardboard box - similar as well. It also has a Certificate of Authenticity giving specifications and states it is uncirculated. Long story short - the guy doesn't normally deal in coins, and didn't know the difference between MS and Proof. He offered a full refund on the return receipt of the coin, or refund all but ten dollars, and credit the remainder of what I paid to my paypal account. I kept the coin, and the balance is in my account.
I think it will grade pretty high, but I'd like some additional opinions, and some advice on how to get the pics posted in order for you to give your opinions. Thanks.

Ralph
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dsking's Avatar
United States
2365 Posts
 Posted 09/12/2006  10:29 pm  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
It's unfortunate that MS and Proofs are oftentimes used synonymously and erroneously. A 1998 ASE, uncirculated/MS (if you will) is listed as $14 in the 2007 RedBook and probably more on the market as they are getting "hotter" by the minute. It has a high mintage of 4.8 million plus.
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Ralph's Avatar
United States
1582 Posts
 Posted 09/13/2006  11:03 am  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
Debbie - being a relatively new series, a complete set can be assembled for a reasonable price. I've got my set of uncirculated completed, and I'm working on my proof set - still missing the 93 through 99, but I'll get them over a period of time. As you pointed out, they're becoming more popular among collectors. I think they'll do very well in the future.
As for the RedBook, it only shows one price for uncirculated, whereas Coin World Trends breaks it down to different values for different MS grades, and the '98 I received doesn't appear to have any noticable flaws - thus, my reasoning behind my request.
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dsking's Avatar
United States
2365 Posts
 Posted 09/13/2006  11:34 am  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
"As for the RedBook, it only shows one price for uncirculated, whereas Coin World Trends breaks it down to different values for different MS grades, and the '98 I received doesn't appear to have any noticable flaws - thus, my reasoning behind my request."

I knew that Ralph...I was hoping for one of your new scans to show up or that someone else would chime in on this one. Being that the ASE is still in it's original package, etc. it's probably at the top of the charts but, not always, necessarily.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 09/13/2006  11:37 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
the 95 proof is one that is trhe expensive one right now. These new reverse proofs and the uncirculated with the West Point mint mark may be the next BIG thng but that is purely speculation. As far as loading pictures,you have to be sure the pictures are under 100k in size, if they arent you will have to use a program like photoshop or something else to resize them to make them under that size then you should be able to load the photo's with no problem
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Metalman's Avatar
United States
7123 Posts
 Posted 09/13/2006  12:19 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Ralph

If you load the pics to the forum gallery it will take them at the bigger size and then you can post a link to the pics here,

If you have not signed up for your gallery yet contact Bobby and he will get you set up .

Rick
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Ralph's Avatar
United States
1582 Posts
 Posted 09/13/2006  4:09 pm  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
Metalman - yep, I'm signed up for the gallery - just don't have any outstanding looking coins to post there yet. And this particular coin, even in MS-69, trends for only forty bucks ( CoinWorld). So, it's not that important that I get a grading opinion on it. When I ask for grading opinions, it's to try to list the grade as close as possible on my inventory sheets, and you folks here on the forum are pretty knowledgable, so I trust y'all's judgement.
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dsking's Avatar
United States
2365 Posts
 Posted 09/13/2006  4:40 pm  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
Ralph: Does your coin have the "W" (West Point) Mint Mark. From what you're saying, the answer would be "No". West Point also mints the "Uncirculated" ASE's without the "W". I do believe the $40 is for the Proof (per Bryan) but, I don't have my Coin World/Coin Values handy right now as I'm sure he has already checked,

We're all glad that you trust our opinions and judgements as we all have them and are willing to share anytime but...it would be helpful to you to purchase the "Photograde" or ANA Grading book. There are pictures and descriptions on just about everything (US that is) and either would go a long way to helping you. Please keep asking though as sometimes even the seemingly most insignificant coin, or lower value I should say, is a great challenge for even the most learned!
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Ralph's Avatar
United States
1582 Posts
 Posted 09/13/2006  11:16 pm  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
No - there is no mint mark on the coin.
Coin World Coin Values lists it at 19-MS65, 25-MS66, 30-MS67, 35-MS68, 40-MS69. The proof coins start at 70 for PF65.
As for books - I have the ANA Grading Standards - 6th edition, but nowhere in the entire volume do I find anything on the American Silver Eagle.
Frankly I was just curious because I've never received an uncirculated ASE in the original mint packaging, and I can't see any marks on it, so, as I said, I was just curious.
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Metalman's Avatar
United States
7123 Posts
 Posted 09/14/2006  03:27 am  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Hi Ralph

The coins in the gallery do not have to be High dollar coins,, Its a great format for the coins that you want grading opinions on since they can be downloaded pretty large.

Rick
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Ralph's Avatar
United States
1582 Posts
 Posted 09/14/2006  11:13 am  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
Okay - I think I figured it out. When I scan something, if I click on the negative zoom icon before I save it, it reduces the size of the image enough to post here. Too cool - I'm learning all kinds of stuff. I reckon that old thing about never being too old to learn holds true.
This is the coin, and there IS a small nick or some type of mark on the obverse about 10:00 o'clock, so it's not flawless after all.

Image: ASE /a .jpg" target="_blank" rel="nofollow">1998-ASE---What-MS-Grade? 1998 ASE.jpg
96.23 KB

Image: ASE /a - Reverse.jpg" target="_blank" rel="nofollow">1998-ASE---What-MS-Grade? 1998 ASE - Reverse.jpg
99.01 KB
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biokemist6's Avatar
United States
12437 Posts
 Posted 09/14/2006  11:45 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
quote:
Originally posted by Ralph

Frankly I was just curious because I've never received an uncirculated ASE in the original mint packaging, and I can't see any marks on it, so, as I said, I was just curious.



The uncirculated Eagles dont really have "original mint packaging" as they are packaged in rolls and sold in large boxes. It almost sounds like someone took a proof out of its case and replaced it with an uncirculated example.

BTW, congratulations Ralph on figuring out your scanner- your pics are looking great! I would say that Eagle would be MS68 due to a couple small scattered marks.
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Metalman's Avatar
United States
7123 Posts
 Posted 09/14/2006  11:52 am  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Hi Ralph

I agree great scans !!!

But I think these coins degrade very rapidly even the small hit at 10 0clock and the one on Liberties bonnet and a couple of very minor scuff on the reverse will keep the coin out of the Gem grades,, MS-66 is my Opinion.

Rick
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dsking's Avatar
United States
2365 Posts
 Posted 09/14/2006  12:03 pm  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
Ralph: biokemist is correct. I didn't think about that...I'm glad that someone is on the ball here. You said that you purchased it as a "Proof"...hmmmmmmmm Since there isn't a "W" than I think you got swindled. I do, however, agree with the MS66-68 range. Your scans are much better than mine ever were - congrats!
Edited by dsking
09/14/2006 12:06 pm
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Ralph's Avatar
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1582 Posts
 Posted 09/14/2006  1:41 pm  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
Swindled? Did you not read my post stating that the seller refunded all but ten dollars (even refunded the shipping) to my paypal account? Do you really think a flat 10 bucks for this coin was a swindle? I thought it was a pretty good deal at the time - now you've got me wondering.
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biokemist6's Avatar
United States
12437 Posts
 Posted 09/14/2006  2:08 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
I think if anyone got swindled, it was the seller. Someone else might have taken advantage of his lack of knowledge dealing with coins. He was a good guy in the fact that you were issued a partial refund to correct the problem. If the seller was trying to fool you, I dont think a partial refund would have been given to you. You made out pretty good to get an ASE for $10
Edited by biokemist6
09/14/2006 2:09 pm
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