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Posted 06/20/2011 9:58 pm
I don't know .. I think I am seeing a little anger here ... sad ...very sad
But interesting reading
This is a old issue. When these came out in 1986, seems like it was later in the year because it seems we were starting to see the 1987's before seeing to many 1986's
Silver was (if I remember right) $3.00 to $4.00 oz. and dealers were wanting $7.00+ for them.
And yes we were all complaining then.
Over the years with silver prices having its ups and downs I can see where there is more room with the premium asked for each coin. Depending on where the seller bought into them and how bad he needs to sell them.
In a raising silver market you will see more of a premium,
because the seller will want to maximize his profit.
In a falling market you will see less of a premium, because the seller will not want to be caught with them.
I do know how it works for local dealers here.
If they have to order ASEs for a customer, they are paying
$2 to $3 dollars a coin premium. So they have to charge more to make any profit. If someone walks into the shop and sells some, there may be some room for less of a premium.
Of course E bay and craigslist is completely different, there will be good and bad deals on both.
In coin collecting, knowledge and patience is everything.
Knowledge, in knowing when a deal is good and act on it.
Patience, to wait for the good deal.
Also knowing, what is a good deal today, may or may not be a good deal tomorrow.
As for bullion or coin question.
Yes they are a coin but they were/are never intended to be used as a coin.
The mint considers the " no mint mark" ASE's as bullion coins.
ASE and AGE coins, came into being as a way for people to
purchase fine (.999) silver and gold.
I agree they are collected like other coins, by date and put into albums and slabs. I do think the majority of bullion ASE's are traded for the silver value not the coin value.
The ones with mint marks are the uncirculated(burnished) and proof versions. They are sold from the mint to collectors and have a much higher premium. Still these are never intended to be spent as a coin.
But interesting reading
This is a old issue. When these came out in 1986, seems like it was later in the year because it seems we were starting to see the 1987's before seeing to many 1986's
Silver was (if I remember right) $3.00 to $4.00 oz. and dealers were wanting $7.00+ for them.
And yes we were all complaining then.
Over the years with silver prices having its ups and downs I can see where there is more room with the premium asked for each coin. Depending on where the seller bought into them and how bad he needs to sell them.
In a raising silver market you will see more of a premium,
because the seller will want to maximize his profit.
In a falling market you will see less of a premium, because the seller will not want to be caught with them.
I do know how it works for local dealers here.
If they have to order ASEs for a customer, they are paying
$2 to $3 dollars a coin premium. So they have to charge more to make any profit. If someone walks into the shop and sells some, there may be some room for less of a premium.
Of course E bay and craigslist is completely different, there will be good and bad deals on both.
In coin collecting, knowledge and patience is everything.
Knowledge, in knowing when a deal is good and act on it.
Patience, to wait for the good deal.
Also knowing, what is a good deal today, may or may not be a good deal tomorrow.
As for bullion or coin question.
Yes they are a coin but they were/are never intended to be used as a coin.
The mint considers the " no mint mark" ASE's as bullion coins.
ASE and AGE coins, came into being as a way for people to
purchase fine (.999) silver and gold.
I agree they are collected like other coins, by date and put into albums and slabs. I do think the majority of bullion ASE's are traded for the silver value not the coin value.
The ones with mint marks are the uncirculated(burnished) and proof versions. They are sold from the mint to collectors and have a much higher premium. Still these are never intended to be spent as a coin.
