Thread: About my ASE collection.

I have recently started collecting ASEs. My goal is to acquire every variation of each year, but it must be PCGS, a perfect 70 and First Strike (from 2005 and on).
I'm sure some of you have seen the 2012 ASEs that are S Mint proof and reverse proof that come in a set. If I buy directly from the mint they will not meet my requirements for my collection.
So my question is, should I risk the buy and send them in to PCGS myself or would it be easier/cheaper to just buy the desired coins when PCGS grades these sets? Or will PCGS even grade this set like they did the 2011 25 Anni set?

Welcome to CT. I can't understand wanting or needing to have MS70 bullion, but hey if that what floats your boat then go for it. IMO, I would buy an already slabbed set if you absolutely must have 70 coins. If you order 1 set from the mint, it is unlikely they will grade at 70 and now your out the fee's for submission.

Originally Posted by Fall Guy

Welcome to CT. I can't understand wanting or needing to have MS70 bullion, but hey if that what floats your boat then go for it. IMO, I would buy an already slabbed set if you absolutely must have 70 coins. If you order 1 set from the mint, it is unlikely they will grade at 70 and now your out the fee's for submission.

Exactly what he said!

You'd be better off spending a little more to buy them already slabbed.
If you start sending in coins, you will send in several for every one 70 you get back, and the price of submissions will kill you.
The price of the coins would be bad too, having to buy several of each year just to get back one 70, but at least that could be somewhat recouped, the submission fee will never be recouped. Gone forever... So just buy the coins already slabbed.

As other have said, you're probably better off getting them already slabbed. The submission fees and the possibility of getting a MS69 will eat up your money. Also take this into consideration, many MS70 slabs especially ASEs develop white spots on them. I'm not sure if the grading companies have fixed them but even if they did a coin that was graded in the past may develop milk spots.

Yeah, gotta agree with the gang here. You want 'em graded, buy 'em graded. Too expensive to send them in yourself, and catching the 'elusive' 70 can be a crap shoot depending on what the grader had for breakfast or lunch the day your coins are graded.

Under normal circumstances i would say just buy them on the secondary market but on a limited product like this the base price could double or even tipple once the mint stops selling them so i would buy a few raw sets to hedge myself.

Originally Posted by Fall Guy

Welcome to CT. I can't understand wanting or needing to have MS70 bullion, but hey if that what floats your boat then go for it. IMO, I would buy an already slabbed set if you absolutely must have 70 coins. If you order 1 set from the mint, it is unlikely they will grade at 70 and now your out the fee's for submission.

Originally Posted by tmoneyeagles

Exactly what he said!

What They Said!

Originally Posted by Fall Guy

Welcome to CT. I can't understand wanting or needing to have MS70 bullion,

Would you say the same thing if this guy was collecting other bullion coins such as Morgan dollars and wanted the coins to be a certain grade?

Originally Posted by luke2012

Would you say the same thing if this guy was collecting other bullion coins such as Morgan dollars and wanted the coins to be a certain grade?

I wouldn't call a morgan dollar a bullion coin. And collecting morgans in MS64 is a lot different than MS70 ASEs IMO. MS69s and MS70s are very hard if not impossible to distinguish the difference

Originally Posted by WRSiegel

collecting morgans in MS64 is a lot different than MS70 ASEs IMO.

The difference between a MS64 Morgan and a ms65 Morgan is just as trivial as a MM69 Eagle vs a MS70 Eagle.

Originally Posted by WRSiegel

I wouldn't call a morgan dollar a bullion coin

Why not? they are big round and silver and number in the hundreds of millions.

Originally Posted by luke2012

The difference between a MS64 Morgan and a ms65 Morgan is just as trivial as a MM69 Eagle vs a MS70 Eagle.

I disagree. You don't need a magnifying glass to decipher a MS64 Morgan from a MS65 Morgan.

Originally Posted by WRSiegel

I wouldn't call a morgan dollar a bullion coin. And collecting morgans in MS64 is a lot different than MS70 ASEs IMO. MS69s and MS70s are very hard if not impossible to distinguish the difference

It was Americas first bullion coin, as evidenced by so many examples residing in mint state today. It languished in bank vaults in the east and circulated readily in the west.......

Buy MS 69 coins and be happy with a beautiful set and pay less than a tenth of what you are going to pay for a 70 set. I have collected, traded, sold and graded hundreds of thousands of coins over the last thirty years and can not tell the difference between a MS-69 and MS-70 coin. I'm not trying to be rude, but my guess is that you can not either.

Originally Posted by luke2012

Would you say the same thing if this guy was collecting other bullion coins such as Morgan dollars and wanted the coins to be a certain grade?

IMO those that collect Morgan's for their silver content only aren't worried about grade. If he was collecting Morgan's in a certain grade that is more understandable because they are more rare and have tons of different varieties. And at 100+ years old, finding certain grades are a lot harder than others. Some people don't even consider ASE's "coins".