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 Replies: 23 / Views: 2,319 |
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Bedrock of the Community
United States
14454 Posts |
I saw in Coin World that NGC and PCGS said they were going to designate the ASE's that were minted in San Fransisco with a special label, the only catch is you have to ship the the whole 500 coin box to them sealed. How many do you think will have this spacial label since they have to be sent sealed in the Green Monster to be eligible? Edit: it says ANACS will do the same thing, so all three major TPG's will do this if you send them the whole sealed box. So I am guessing the only customers they are expecting to do this are the authorized dealers since they are usually the only ones that get the Green Monsters still sealed |
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Pillar of the Community
United States
737 Posts |
Single slabbed coins are also showing up from NGC/PCGS in ms69/70. Also APMEX just sent out an email selling them as a box/roll/slabbed. |
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Pillar of the Community
United States
7190 Posts |
Put a mint mark on them! Are we are that hard up to need to designate which mint produced the coin with out a mint mark? Just another marketing tool.
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Valued Member
United States
384 Posts |
Yeah looks like another way to make money off collectors. So is there any noticeable difference in the coins? Or how can TPGs tell where it came from?
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Pillar of the Community
United States
737 Posts |
Noticable difference. Nope. From what I've read , The boxes are marked from the mint and suppliers ship them to the graders like so.
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Valued Member
United States
384 Posts |
So I order one of those boxes worth a gazillion dollars, then sit and wait and hope it is an S mint box when it shows up. Then I shell out another gazillion bucks to have an S mint case on it from a TPG. And that's the only way it's an S mint ASE, otherwise it's not, even if it is?  The rate at which the mints, TPGs etc are trying to come up with ways to make money off us...  |
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Pillar of the Community
United States
584 Posts |
So theirs still a good chance you can get an S mint mark and just not know it. I hope in time someone will find a slight variety to tell them apart. Would make for great searching. I love to hunt through listings looking for 07 reverse on an 08 ASE after some time I come across one. I offered a buy it now of $85 he accepted then guilt set in so I sent the seller a message, You know I just noticed that this is the 07 reverse. I see you sell 07 reverses designated by TPG's. The coin was actually in a slab, Next thing you know his offer to buy it was gone when I went back to My ebay. And I never received as much as a Thank You. Boy did I kick myself in the butt. I'm very quickly learning, Nice guys do finish last! So It would be great to have something else to search for. |
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Bedrock of the Community
 United States
14454 Posts |
Quote:
So is there any noticeable difference in the coins? Or how can TPGs tell where it came from? Nope there is absolutely no difference and that is why the whole box has to be sent to the TPG sealed, that way it will show what the address it came from so they can confirm it was from SanFransisco instead of WestPoint Mint. You can imagine the green monster full of 500 ASE's are a little heavy and shipping the whole box to the TPG must cost quite a bit not to mention you have to get the whole 500 coin box graded and the cost associated with that. This is just stupid in my opinion because the TPG's know the only ones that will be sending these in are the big companies and does absolutely no service to the collecting community |
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Pillar of the Community
United States
3276 Posts |
what happens in the future if people get these coins re-graded. there will be no way to tell where it was minted, except trusting the old slab.
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Bedrock of the Community
United States
17884 Posts |
Quote:This is just stupid in my opinion because the TPG's know the only ones that will be sending these in are the big companies and does absolutely no service to the collecting community It's not stupid from their point of view. They already have the big companies sending Monster boxes to get the First Strike/Early Release labels. But now even if the boxes come to late to get those special labels it still encourages them to send the boxes in for the (S) San Francisco labels This means even more Monster boxes at 500 grading fees apiece. Sure it does nothing for the collector community but the primary goal of these companies is to improve their bottom line, the collector community is secondary. Quote:You can imagine the green monster full of 500 ASE's are a little heavy and shipping the whole box to the TPG must cost quite a bit not to mention you have to get the whole 500 coin box graded The cost of the shipping is minicule compared to the grading fees. 500 bulk grading fees is maybe around $4,000, the shipping is under $100 A large flat rate Priority box and Registered mail fees for $20,000 insurance ($14.95 priority + $41.25 registered fees = $56.20) |
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Bedrock of the Community
United States
14454 Posts |
yeah I understand I was just trying to say I really doubt very many end users get sealed monster boxes and if they do I really doubt very many would be sending the whole thing to a TPG just to get the S MM on the label. Most end users that buy these monster boxes do so for investment instead of numismatic reasons so they really wouldn't care about them being in a slab with a MM on the label. Heck I am willing to bet some investors may not even know they are minting these at S mint now nor do they care, as long as it is 1 full ounce of silver and backed bu the US GOVT thats probably all they care about. Allot of investors are not collectors so all the information spreading around on coin forums and coin magazines may never be heard or read by the investor. I kind of got off track here, I can understand the TPG wanting to add to the bottom line, I just can't understand why the dealers would want to do so. I do not have any dealers around me and have never heard of monster boxes being sent in so you saying they get them allot anyway is news to me because I would think an average business would cherry pick the best coins to send in instead of sending in the whole box like you said |
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Rest in Peace
United States
9104 Posts |
Did anyone ever think they'd see the day when we'd have to depend on private enterprise to provide the mint marks for our coins?
I can understand no mm on 65-67 coins, and the wrong date on 65 and 75 coins, but there's no reason not to properly mm these coins.
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Pillar of the Community
United States
7190 Posts |
 Why are all the other coins mint marked? Business, commemorative and proof eagles. Heck we even list Philadelphia with a P now. Why no mint mark on the ASE coins? |
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Bedrock of the Community
United States
17884 Posts |
It probably has to do with the fiction that since these a "just bullion" that they are only accumulated for the silver content and they aren't collected as "coins". They are supposed to be interchangeable and any one piece can be exchanged for any other. Mintmarks on the bullion pieces kind of goes against that idea.
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Rest in Peace
United States
9104 Posts |
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Bedrock of the Community
United States
14454 Posts |
actually a denomination puts it in the "coin" category and out of the Bullion category to me
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Replies: 23 / Views: 2,319 |
Posted 06/16/2011 9:01 pm
