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Any News On 25th Anniversary ASE Set?

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United States
368 Posts
 Posted 11/10/2011  11:28 am  Show Profile   Bookmark this reply Add LowLife to your friends list Get a Link to this Reply
how are they damaged? coins or box or just packaging?
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clairhardesty's Avatar
United States
1027 Posts
 Posted 11/10/2011  11:36 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
In my opinion, if you are not planning to sell any of your coins, there is no reason to have them graded. In the very long term, like when our children own our collections, graded and slabbed coins may have faded from favor. Raw coins will always maintain their appeal and are far more enjoyable. If you are planning to sell some or all of your sets in the relatively near term, than you have three choices. Sell sealed, unopened mint shipping boxes to people interested in putting together graded sets or reselling, sell sets from opened mint shipping boxes to people looking to get what they missed on the 27th and add to their collection, and get the coins graded before selling them. Sealed boxes will probably, on average, bring higher prices than opened ones both because of the ability to get special labeling and because the buyer has confidence that you did not cherry pick. There are serious collectors out there that like to collect full sets with special labels and there is another group that collects "perfect 70" sets, perhaps for bragging rights. Many of the set collectors want all of the coins to be labeled alike, perhaps to give the impression that they shipped from the mint together. Are the coins really worth any more? No. Will people pay more for them? Yes.

Some are saying that they think that the 2011-S coin will be the key because it is more unique than the 2011-P but I don't buy the argument because the 2011-S differs from the 2011-W only by the one letter mint mark. The 2011-P differs from the 2006-P in two numerals and the die have been manufactured using a different process than what was used five years ago. I have said and continue to believe that the 2011-(S) coin will be the key for set collectors, especially those who collect perfect sets. The bullion coin will almost certainly have the lowest percentage of coins that grade 70 of any coin in the set. Over half of the 2011-W (PR), 2011-W (MS), and 2011-S (MS) coins will grade as 70s and I think the 2011-P (reverse R) will be close to that level. If you get your sets graded unopened and pay for First Strike labels and are lucky enough to get one or even two 2011-(S) MS70 coins, you will hit a home run and reap very nice profits. It is a risk, grading five sets runs around $400 and FS labels double that cost. Getting five sets graded at PCGS with FS labels will cost over $850 when you include the cost of shipping them to the grader. My original intent was to put five sets into my family collection, one for each kid, one for my wife, and one for me but I ordered them one at a time at an extra cost of $19.80 to have total flexibility. I will keep all five sets sealed until I decide what I am going to do and that decision will depend considerably on how I see the market developing.I want to see if my idea about the bullion coin becoming a key to building MS/PR70 sets comes true and if it does, I will probably attempt to build such a set.

Tartop, 15+ pounds is the shipping weight of a box of five sets. If the package you get really weighs that much and it was not just a mis-entry of the weight then you have a serious decision to make. If it truly is a five set box, leave it unopened long enough to carefully consider your course of action. I will not try to advise you unless you request it, except to say that you should make a considered decision and not a haphazard one. Let us know what you get and if you need any advice.
Edited by clairhardesty
11/10/2011 11:43 am
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jgfindring's Avatar
United States
1380 Posts
 Posted 11/10/2011  11:39 am  Show Profile   Bookmark this reply Add jgfindring to your friends list Get a Link to this Reply
captainwiffo, if it is just damaged packaging or hardwood box, I am taking two of my sets apart to go in albums, so we can make a deal on the box/packaging if you want. DON'T send anything back to the mint, all you will get is a refund and no set.
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w1a9c8k5's Avatar
United States
1348 Posts
 Posted 11/10/2011  11:47 am  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list Get a Link to this Reply
didn't get a chance to get in on this. My Wife's Grandfather has stage four cancer. If anyone is looking to sell theirs or get out from under the extra they bought please PM me.
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 11/10/2011  11:55 am  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Two of the coins are damaged (at least two - I'm at work so I haven't been able to examine it closely) - the proof and the S-mintmarked uncirculated. The proof is fairly significant damage, but I could replace that on individually. A couple were loose and bouncing around when I opened it, but the packaging appears undamaged. As far as I can tell the reverse proof is flawless, so that's a bright spot at least.
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barryg's Avatar
United States
5869 Posts
 Posted 11/10/2011  11:55 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
All right, here are the pics. I photographed the packaging next to my keyboard so you can get a sense of just how big these are. I photographed the individual coins within their capsules, so ignore any stray scratches or scuff marks. I have not photographed the obverse reverse [Sorry, typo] of the coins yet.

Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Any-News-On-25th-Anniversary-ASE-Set?
Edited by barryg
11/10/2011 12:15 pm
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oih82w8's Avatar
United States
7840 Posts
 Posted 11/10/2011  12:05 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Whoa! Awesome images Barryg! Mine shipped from the distro center today...should get em Saturday? Monday at the latest?

Pardon my ignorance, but what is difference bewtween 1st, 4th and 5th? The difference between 2nd and 3rd is obvious.
Edited by oih82w8
11/10/2011 12:07 pm
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clairhardesty's Avatar
United States
1027 Posts
 Posted 11/10/2011  12:13 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
I just received two single set boxes from UPS. Even though the UPS info on the internet says the boxes weigh 4.3 & 4.5 pounds, the boxes both say "3 LBS" on them. My scales confirm the internet numbers and the lighter one clearly has less packing material as the contents slide around in the box quite drastically. The heavier box has the contents held much more tightly. I will now hope that my next three boxes weigh at least 4.5 pounds as the 4.3 pound box clearly does not have a proper amount of packing for a $300 coin purchase. Both boxes are 14" x 11" x 8". My third and fourth sets will ship today (38335XXX, 1:03 and 38339XXX, 1:26).

oih82w8: if they ship today via UPS, you will get them tomorrow. If you called and had them sent out via FedEx/USPS you are not likely to get them until maybe Tuesday unless you are very near Indianapolis.
Edited by clairhardesty
11/10/2011 12:19 pm
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barryg's Avatar
United States
5869 Posts
 Posted 11/10/2011  12:13 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

Quote:
Pardon my ignorance, but what is difference bewtween 1st, 4th and 5th?


The only difference is the mint mark, which is on the reverse. Which I didn't photograph...

In other news, I just checked on ebay and prices are truly insane for these now that people can legitimately sell them. Individual sets out of the shipping box are selling for around $850, whereas boxed sets of 5 are selling for around $3500.
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 11/10/2011  12:14 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply

Quote:
DON'T send anything back to the mint, all you will get is a refund and no set.

Is there any recourse for damaged coins in this set, giving the limited mintage? Is it a choice between having a damaged set and having a refund with no set at all?
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clairhardesty's Avatar
United States
1027 Posts
 Posted 11/10/2011  12:24 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
You should contact the mint and see what can be worked out. Normally, they require the return of an entire product for replacement or refund. They might have some sets reserved to replace damaged ones (over and above the 100,000 set mintage limit, which isn't always an exact number anyway) so see what they can do for you. You shouldn't have to live with damaged goods just because of a sell out. If I was doing a limited run of 100,000, I would have at least 2,000 spares, perhaps not assembled yet but there have to be extras simply to cover ones that are rejected during set assembly.
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ichbinpete's Avatar
United States
22 Posts
 Posted 11/10/2011  12:25 pm  Show Profile   Bookmark this reply Add ichbinpete to your friends list Get a Link to this Reply
AWesome just got mine. Now I'm staring at a brown box...what to do? what to do?
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barryg's Avatar
United States
5869 Posts
 Posted 11/10/2011  12:29 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Holy CARP!

Check out this completed auction on ebay. One set, still in the shipping box, for a whopping $1,699.00!
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 11/10/2011  12:33 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Here's my dilemma though - OK, I have a damaged 2011 proof and a 2011-S that are probably only worth a shade over melt. But I have 3 probably nice coins. I send it back to the mint for a replacement, they'll give me a different set with a damaged reverse proof. I don't want to accept damaged coins, but I don't have any confidence that sending the set back, at my expense, is going to leave me any better off.
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oih82w8's Avatar
United States
7840 Posts
 Posted 11/10/2011  12:42 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
capt w, I would say contact the Mint, definitely, wait a few days to see if anyone else here has a similar issue, although different coins, for a potential trade, then whoever has the "duds" can send the whole set back for replacement/refund.

Would you take a few images to share your "displeasure" coins?
Edited by oih82w8
11/10/2011 12:43 pm
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