Thread: Painted ASE question

Before Krispy yells at me, I searched for this question. I know it must be there somewhere but I could not find it.

Questions;

• What is the consensus on painted or colorized ASE, are they less valuable than spot?
• Provident Metals has some for cheap and I was wondering the difficulty of removing the paint?
• Should these be views as junk silver as far as value?

First one to make this post about politics wins!

My "vote" is that they are worth no more than melt value, but that doesn't mean that there isn't some Bidiot on SleazeBay who wouldn't pay more for them.

Chris

Ya, my concern is that they would be worth less than spot because of the labor involved in removing the paint. But it sounds like the paint is easily removed.

Painted ones are easy to recover with solvent, but if they are enameled paint or even worse vitreous enamel that is fired on the silver ( like cloisonne enameled silver jewelry) it may be less than the value of your time. I have seen both kinds, and the latter are more beautiful and don't scratch off, but heck to remove.

Jim

I think I have one of these, somewhere. I wouldn't buy one. But EVERYTHING is collectible. People around here tend to think in very narrow terms about what is and is not collectible, imagining that this is the final word that applies always and everywhere to everyone.

Originally Posted by xtronic

Before Krispy yells at me, I searched for this question. I know it must be there somewhere but I could not find it.

Questions;

• What is the consensus on painted or colorized ASE, are they less valuable than spot?
• Provident Metals has some for cheap and I was wondering the difficulty of removing the paint?
• Should these be views as junk silver as far as value?

First one to make this post about politics wins!

LOL! Hey, I'm very proud of you for searching first!

I say scoop them up for the good price that they are, and if you like them to collect, do so. As an investment you can't go wrong getting more for your money. The painted ones, even recovered with solvents, may never achieve a numismatic premium if these coins ever cease being minted and I'm pretty sure there is an eventuality to this happening.

For me, I would not buy the colored ones as I don't like how they look, don't want to recover them and am willing to buy the next quality ASE up.

For you, I say go for them and Provident is a great place to buy from as well.

If you see any at a dealer's shop you can get a good price on them by asking, "how much for the defaced silver eagles?" This lets the dealer know up front that you aren't fooled by all the pretty paint. Bought some for $17 a piece recently.

Originally Posted by xtronic

Before Krispy yells at me, I searched for this question. I know it must be there somewhere but I could not find it.

Questions;

• What is the consensus on painted or colorized ASE, are they less valuable than spot?
• Provident Metals has some for cheap and I was wondering the difficulty of removing the paint?
• Should these be views as junk silver as far as value?

First one to make this post about politics wins!

They're worth nothing to me.