how much would you pay for W mint ASE's? STAY ON TOPIC

Fair point and well put.

If you can get a price on these ASEs for a great price I would sell them with an immediate turn around. Otherwise, if you buy in to high right now you may be getting yourself burned. There is some inflation looming with the ever weakening dollar but this is only temporary (There is an apparent currency war happening with the Dollar/Yen) . It comes in waves as history repeats itself. There is no time frame on these "ups and downs" you just have to learn how to let go and sell for profit. Presently, with precious metals if you can find a great deal, and I mean stellar, then buy and sell. Otherwise, it is a bad time to buy in on silver not knowing if it will get around $30 or not. Even at this increase it will not be beneficial for you to buy these coins, unless they are for collecting, because; they are proofs and probably well priced over premium already.

The present economy is too labile and ASEs, being bullion, are a VERY volatile investment and a risky one at the present spot. Everyone who owns ASEs or silver bullion wants to see the spot price increase....of course they do...but not even the most experienced economist knows what the hell the market is doing with this "recession" or "recovery" happening today.

I would recommend finding just some silver bullion, not proofs or pre 1964 90% silver and just buy in a few over the next few weeks so if silver raises then great, however; if it drops then you will not be burned. Hope this helps.

P.S. Yes....there are a lot of people who do not know what the value of a coin is or even know anything about the stock market or economy. These people do not completely drive up the prices...they just cause more commotion than anything. What mainly drives the spot price is the stock market investors and emerging market economies. Our financial system, or banks, that have too many toxic assets and investors are nervous and skeptical as hell to put their money back in the sector to drive up the dollar. Instead, they seek out precious metals to "protect" their money. Its happened since the dawn of time with gold and now with silver because it is cheaper so it becomes more attractive to us...plus it has much much much more industrial use than gold.

Just please be cautious in buying these ASEs if the price over spot is too high. Silver will eventually go down...when...I do not know. How high will it go...Im not sure. If you are truly doing it for an investment...I do not recommend these coins as a purchase unless you get them for no less than $45-$50 a coin for a worth while investment.

Thanks.

 

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think there might be some confusion here... these are not the proofs they are the Uncirculated ones from 2006 -2008

here's a link from E-bay as to what I am talking about
http://cgi.ebay.com/2007-W-Uncirc-S...13?pt=Coins_US_Individual&hash=item20b4791581
as for prices paid
here's what I have aquired so far

I got 12 2007-W ASE's for a total of $327.28 with the average price each being $27.27 and 3 2008-W ASE's for $88.03 total with the average price each being $29.34... I just watch e-bay for deals and have gotten a couple of them from a dealer that cut the prices on them to make room in his case for other coins...


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Great price on the ASE's ... $27+ is what the regular bullion coins are going for.

What's the difference between your W coins and the Burnished Unc produced from 2006-2008 ... (or is that the same coin)
What does Burnished mean exactly?

 

My apologies for the confusion. If you are paying that price for those coins, including S/H, then you are investing very wisely. Great pick up and awesome coin hunting. I applaud you.

 

They are one and the same my friend. The blanks used in the striking of these coins are "burnished" and as such, have a different finish from the regular business strike bullion ASE's. The effect is much the same as the mint sets issued every year since 2005 (?).

 

I don't like the design of the ASE to pay much in the way of a numismatic premium over the bullion price. An exception to this might be the reverse proof, but not as much as they are asking.

 

There is a big difference between suggesting that buying Silver Eagles based on the grade, date and mint mark is not really bullion investing and suggesting that buying Silver Eagles at all is not bullion investing. Where do we draw the line? Should we talk about slabbed Morgans in the bullion sub forum?? FYI i dont consider coins such as Kooks, Pandas and Britannias as bullion since they cost way to much and the only reason i consider Eagles and Maples as bullion is because the premium is not that bad considering you get a government guaranteed coin that is a lot harder to fake or tamper with then a 100 ounce bar of drill & fill.

 

Yes we can stay here forever and some are never gonna get it and that's why I posted the link. If someone cares to look before they comment, it shows and tells you the only 3 years that have the W. Sure supposedly all of them were minted at West Point but only 3 prove it to the world.

http://www.us-coin-values-advisor.com/American-silver-eagle-bullion-coins.html

 

I'm not against collecting or investing in these coins, im just against people calling it "Bullion" investing and not "Numismatic" investing.

 

What intrigues me about ASEs is that they are indeed both bullion and numismatic. Some of the key dates, proofs, and the ever famous "reverse" command premiums well above spot, whereas I can load up on the common dates for a few dollars over spot should I choose to. I like that "crossover" appeal that ASEs have.....the best of both worlds so to speak. :thumb:

 

No worries amigo! It wasn't directed at you at all.

 

I hear what you're saying but I prefer a walking liberty half dollar in MS63 or above. A bit more money but way more beauty!

 

I paid about 60 bux for the 2006, 24 bux for the 2007, and got both 2008s from the mint.
I am willing to pay extra for the burnish issues just to make sure the holes get filled in my book.

Beyond one of each to fill the holes, I wouldn't spend a cent more than business issues.
My .02

 

i paid $27 for 2007-w about 2 weeks ago. I tought it was a good deal because it costs the same as a regular eagle with an airtite

 

That, my friend, was a very good deal!

 

Well, they are bullion coins...

 

I paid $35 for a 2007-w (burnished). That's a premium over silver on the day I purchased it (silver was at $30.21).
My purchase wasn't slabbed - it was in government issue packaging.

I don't know if I'd buy 10 more at that price, but it was worth it to dip my toe into the series.

 

one thing I don't quite understand is why the 1995 W is worth so much if the only difference is a W and many people in thread said they wouldn't pay a premium over bullion for W mint marked coins... sure they only made 30,000+ W marked but still there are over 4,700,000 1995 W and bullion version ASE's...

maybe it means there's a market out there for ALL types of ASE's... since people would rather pay a few bucksor rather a few thousand bucks to fill a hole then just let it sit empty...

 

The grey sheet list's these prices .