Quote:
Originally Posted by Cloudsweeper99  For me, collecting ASEs and other bullion coins today is much like people collecting Morgan and Peace dollars when they were issued. I don't have much interest in bags of junk silver. ASEs cost a bit more, but have a hidden numismatic potential. Someday the US Mint will stop making ASEs, and almost immediately the series will begin to develop [possibly significant] numismatic value because the supply will be fixed but demand will continue. It wouldn't surprise me if common uncirculated ASEs sold for $10 or more over spot a year after they are discontinued. |
"It wouldn't surprise me if common uncirculated ASEs sold for $10 or more over spot a year after they are discontinued."
I also forsee the potential of the US bullion coin programs hidden value as well. A lot of people think slabbed MS bullion ASEs or slabbed Gold Eagles, Commems, etc. are a waste. I don't because I don't look at them for slab value and grades with premiums, but in time and esp. if these coin programs are stopped, changed or bullion becomes unavailable, I think the hidden numismatic value will blossom overnight.
I collect (never hoard) old coins not for investment but for personal aesthetic, historical and intrinsic value to me. I buy US bullion and commem. coins for the same reasons, appreciating design and quality. I don't foresee making a shift from collecting to bullion buying. They are not the same thing to me. I typically buy a couple of each gold and silver coin design from the US Mint in Proof state but I personally don't place any importance or value in PR coins, esp. when 'slabbed and slapped' with a premium. There have gotten to be just too many PR coins out there to make these special to me. I buy US bullion in their unc. state for bullion value/investment because they hold that value and are graced with excellent designs that are pleasing to me while holding them for investment or collecting them. There's nothing wrong with holding foreign bullion, bars, nuggets, etc. It's just up to you what you love/want/need/use/choose. I will buy coins when I find nice attractive ones that I want to own and keep buying bullion at a normal pace.
