Do you think of ASEs as bullion, no matter what?

I believe that as long as it was INTENDED FOR COLLECTING (ie: proofs) it is collectible.

 

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Bullion. Pure and simple. Thats all it was ever intended for.

However, it is Collectible Bullion otherwise the Treasury Department would have never started producing "collector" versions back in 1986.

As such, I view them the same as a Morgan or Peace Dollar. Collectible Bullion.

If anybody wants to differ citing the fact that they are not coins and as such never saw circulation, they are certainly welcome to their opinions but I'd challenge them to build that complete Washington Quarter Set from change finds. Or better yet, that Indian Head Cent or Winged Liberty Dime collection(s). Build them from circulating pocket change or bank rolls!

 

I don't understand the question - almost ANYTHING is collectible. "Bullion" can be collected, no? http://www.apmex.com/Category/257/Unique_Silver_Bars.aspx

Sorry to break it to ya, but almost anything in PMs can also be considered bullion. Need proof?
http://www.apmex.com/Product/46944/10_Proof_Statehood_Quarters___90_Silver_40_Coin_Roll.aspx

 

The low mintage and proof issues are extremely collectible.

 

Exactly what I meant. Although ASEs with no mintmark are bullion, the proofs, low mintage, and high grade coins are all highly collectible.

 

I think of them as bullion, but then again, I don't collect them either.

 

Proofs of any issue are intended for collectors, and business strikes are intended exactly as the name implies- for commerce, whether circulation or bullion.

 

I know what you're trying to say but I don't think I'd ever consider spending a business strike SAE for just a buck since that is all I would be able to get for it at say........McDonalds. The same holds true for a business strike one ounce Gold Eagle.

With regard to the Eagles Program, this was always intended by the US Government as a method of allowing the everyday Joe to add precious metals to his retirement port folio. (i.e. Investment) As such, I doubt that the bullion business strikes were ever intended for "commerce".

Needless to say, they are still collectible and will probably retain their collectibility after other collectibles have fallen to the wayside. Can anybody say Beanie Baby or Cabbage Patch Kid?

 

But it WAS possible to build those collections from pocket change or bank rolls back when those coins were still being produced. They are still producing ASE's but I've never seen a single one (let alone completing a set) in pocket change or in bank rolls.

 

Collectible bullion........

 

Exactly. I collect them for bullion, but at least they have a face value unlike generic rounds.

 

At least they have a well regarded 'intrinsic' value Rocky...........

 

Disagree strongly. The proof ones were intended for collectors, not just bullion investors. Several dates have low mintage, and that makes for collectibility. Sorry, but I don't buy that they're purely bullion coins--the MS ones for MOST dates were, but certain issues had deliberately low mintages, and as such, become collectible. In general, proof coins are for collectors, and MS coins for bullion, but even in that equation, there are exceptions, just as there are with many modern commems.

 

Did you miss the part about 90% are sold by the government as nothing but bullion That leaves the other 10% as being sold as something more than bullion. Even most of those though are not much more than bullion because there are more than enough available to satisfy demand. Most of the rest were contrived collector money grabs by the Mint/government a specifically created "collectible". As such I have extremely little interest in them except as bullion.

 

I know what you're trying to say, but look at all the worn/circulated Norfeds ("bullion") sold on eBay and elsewhere, and APMEX Silver Proof Quarter Rolls link likewise ... it's a fact: proofs and bullion circulate. We - me as bullionist, you as a collector - may agree it's irrational and poor value, but people ARE using these coins in different ways - the best explanation is ALTERNATE MONEY. That's a third category, no?

So ASEs are collectibles, bullion AND money - not exclusively one, let alone a binary 'choice.' (Original intent/purpose is a consideration but not the whole story here, folks.)

 

Were any of the ASE's ever released into circulation at face value? No? Then I consider them all NCLT coins, like colorized Palau, Liberia fantasy issues, etc.

I don't collect NCLT coins, but don't throw stones at anyone who wants to. Its all a personal choice.

Edit: To directly answer the OP's question, most NCLT coins are valued close to the PM value contained in them. I do not think most ASEs are any different.

 

Most just bullion but the 2007 rev of 07 sure is a collectors items as are the proof

 

I share green's sentiment, they're a collectible bullion!