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 Replies: 20 / Views: 2,527 |
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New Member
United States
11 Posts |
Key dates aside, in terms of investment what does everyone think about Franklins vs. ASEs? I have been buying BU and even Proof Franklins for about $1 over spot silver, which is equal or better than what I pay for ASEs. My opinion is that a 50 year coin has much more long term collectability than an ASE with the same premium over silver spot price. |
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Pillar of the Community
United States
931 Posts |
Although everything you say about Franklins is spot on, I prsonally am investing in Silver as a commodity and not silver numismatics. For my needs ASE's fit the bill better.I am betting that long term silver will go up in price because I believe that there is no hope for the US dollar to regain the world's support that it once had. You are certainly buying Franklins for a good value and I believe that they are also a strong bullion play. |
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Pillar of the Community
United States
7193 Posts |
90% silver is widely recognized as a bullion value and getting uncirculated or even proof examples show full weight also. For the price I would continue adding these older uncirculated coins to your holdings.
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Pillar of the Community
United States
1348 Posts |
I think in terms of BU and prrofs it will pay off more than eagles. Unless of course coin collecting drops off the grid.
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Pillar of the Community
United States
2424 Posts |
i my self am a firm beleiver in BU/UNC franklins. I have almost completed my Mint state franklin set. like someone said, bullion coins are bullion. if you have a mint state franklin, in my opinion, they will be worth more longer term. get the best looking franklin you can. heck, try putting a set together. I saw for a PCGS ms60 set right now would be valued at $700... but thats pcgs...what someone would be willing to pay is another story
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Valued Member
United States
397 Posts |
Looking at appreciation of older coins vs ASEs , I'd go with coins every single time.
ASEs have shown almost no appreciation outside of slabbed versions in very high grades, however even junk status key date coins (I know you're not talking about keys) have outpaced bullion's appreciation by 2% to 6% a years on average and slabbed ASEs as well.
Edited by schockergd
07/05/2011 7:39 pm
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Pillar of the Community
United States
1213 Posts |
I would certainly go with Proof/BU Franklins ove ASE's. As others have said, you at least have something collectible and they could become more valueable if melting start to happen on the lower grade ones. |
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Pillar of the Community
United States
927 Posts |
If you are buying for the bullion value only, then go with the best deal closest to silver spot. If you are also looking for potential price appreciation, I think Franklins in BU or Proof will do better in the long run. And don't bother to get either the Franklin's or ASE's slabbed. You will never recover your cost unless you get a 70 grade (doubtful). I agree with the melting thing. No one will melt the ASE's but circulated Franklins will be melted if the price is high enough. |
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Moderator
 United States
188747 Posts |
I would choose the Franklin half dollar. My choice is based on my preference as a collector, not as an investor, so react accordingly.  |
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Valued Member
United States
439 Posts |
If I understand correctly you are paying $1 over melt for each. The halves are currently $13 melt and you would pay $14, the ASE are $36 melt and you pay $37. You are paying a 7.7% premium for the Franklins and a 2.8% premium for the ASEs. One way to look at it. However if silver goes to 0, you still have a franklin worth 50 cents plus the collecting value of it being BU or proof. I am not sure what I am trying to say. I always buy coins over bullion. |
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Moderator
United States
188747 Posts |
Quote:
However if silver goes to 0, you still have a franklin worth 50 cents plus the collecting value of it being BU or proof. I am not sure what I am trying to say. I always buy coins over bullion. An ASE has a legally declared face value of one dollar, so there is that to consider. Not that it affects my choice; I still prefer the "real" coin over the bullion coin. |
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Pillar of the Community
United States
3184 Posts |
Id prefer bu and proof franklins.
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Valued Member
United States
439 Posts |
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Pillar of the Community
United States
3755 Posts |
First, I consider both to be real coins.
That aside, I absolutely love ASEs, BUT, I would go for the Franklins first.
And I disagree 100% with perfesser. If you have higher end coins, send them to ANACS or ICG and get them graded. Unless you are just collecting silver for bullion investment then just get bars or rounds and be done with it.
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New Member
 United States
11 Posts |
Thanks for all the great replies. To clarify I'm buying the Franklins at about $1 over the silver spot and I can get ASE's at about $3 over spot. VS. silver spot its about the same ratio. Picked up another roll of Franklins this week :)> |
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Moderator
United States
188747 Posts |
Quote:
First, I consider both to be real coins. It has been argued before (that the ASE is not a coin), but I agree that the ASE is a coin, which is why I said "real" coin in quotes. |
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Replies: 20 / Views: 2,527 |
Posted 07/05/2011 11:42 am
