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Difference Between ASE's And ASE Proofs

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hermanwilliams's Avatar
United States
309 Posts
 Posted 04/26/2011  11:17 pm Show Profile   Bookmark this topic Add hermanwilliams to your friends list Get a Link to this Message Number of Subscribers
Educate me y'all. Why get an ASE proof when they seem to be going for twice what the price is of a regular ASE?
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 04/26/2011  11:33 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I just learned this one, so here you go. I bought this exact piece at my local shop today, as this one below for sale on ebay. It is NOT a proof, no S on case, and the coin does not have a mirror reflective image, which is the most visual difference between the two from what I can tell. They say, holding the two side by side, and you will only want proofs from then on out in most cases, as they are that much more visually appealing. I don't have a proof example yet, so I can't really say just yet, but plan to get one next of some type, any suggestions folks?

http://cgi.ebay.com/1990-AMERICAN-S...em4158d08fde
Edited by Silverhawk74
04/26/2011 11:34 pm
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Earle42's Avatar
United States
10034 Posts
 Posted 04/27/2011  12:35 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I know when I first saw the ASE pieces (I had been away from coins for awhile), I was introduced to them by someone trying to get rid of his - and all he had was proof examples. Funny thing is that until I read this post, I did not realize I have never seen the UNC ones as worth collecting. I have always thought of them as just being a bullion coin. I own an NGC MS70 from last year and I almost traded it in today at a coin shop. But since it is the only slabbed coin I even own, I decided against it and sold two non-slabbed UNC pieces instead. I had a proof with me, but the thought of selling it never entered my mind!

Get a proof - they are absolutely stunning.
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muddler's Avatar
United States
7189 Posts
 Posted 04/27/2011  10:38 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
I have both proofs and Uncirculated ASE, and have been buying proofs each year from the mint since 1996. Both have their own appeal. The proofs with their watery, jet black mirrored surface are visually stunning but I have kept them in their individual boxes so they are cumbersome to examine one by one. The uncirculated ones are in an album and the volume and weight of the book are pleasing as well as the slight toning and subtle differences from year to year. The reverse proof of 2006 is interesting but I feel the regular proofs are better in appearance. The burnished "w" uncirculated also have a different look to them but they have only been issues three years 2006-2008. I am glad I started this collection prior to the recent up swing in silver as I could not afford to start and complete it today.
Valued Member
United States
368 Posts
 Posted 04/27/2011  11:10 am  Show Profile   Bookmark this reply Add LowLife to your friends list Get a Link to this Reply
The proofs are somewhat limited production runs...especially compared to the bullion coins. The 1993-1997 years are the harder to find proofs...the production was anywhere from 300K to 500K during those years...that is a relatively small number compared to bullion coins produced during the same time frame. The proof coins are also visually stunning....and I am still looking for a Reverse Proof from 2006.

I am slowly completing my ASE Proof Set....I have 10 currently. The best way to purchase ASE proofs is to get on the US Mint's auto-subscription list. Last year's 2010 proof was around $52 shipped from the US Mint....and dealers were charging around $10 higher than that.
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Piffin's Avatar
United States
299 Posts
 Posted 04/27/2011  4:38 pm  Show Profile   Bookmark this reply Add Piffin to your friends list Get a Link to this Reply
Here is my take on this Q Herman...

I take the proof 70s into my collecion for keeping and admiring personally. The unc business strikes are IMO Bullion only for investment purposes to safegaurd what little wealth I have. They are, in my mind, disposable should I need to turn them into cash.
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junior e's Avatar
United States
931 Posts
 Posted 04/27/2011  7:03 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
I bought a proof 2010 for $75 last week. I went back to get a few more and the price is now $95 for proof. I bought a really cool shiny 1988 ASE for $53 instead. I see that silver is at $48.36 tonight so they'll probably be $100 tomorrow. Looks like regular old ASE's until silver dips back to $40 or so ( I hope). I think it's going much higher but hopefully we'll get a few buyng opportunities before it takes off. Gold is at $1529 so my recent bullion purchases are one ounce Buffaloes below melt. This is fun.
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