Advice for some who wants to start collecting ASE's?

Hi, I was browsing the mints website and came across the 2011 ASE proof. I instantly thought that I'd love to start collecting them. What kinds of things do I need to know about these coins if Im going to start collecting them?

 

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The nice thing about ASE's is that you don't have to know much to collect them. They are the most popular coin in the world, but apparently there are counterfeits out there as well which is a concern no matter what the coin. The main thing I would suggest is only buying from reputable sources. I would also shop around, as I don't think the mint always has the best deal. Personally I stick to regular uncirculated nice looking ASE's, I don't pay the premiums for proofs or special issue versions, but if you're only in it to collect what you like then go for it.

 

I do like the proofs, but the uncirculated versions are more in my price range.

 

One thing to know, the 1995-W proof ASE is worth money, so if you can find one, it is worth up to $3000

 

holy.crap

 

Good advice. I would say, though, that I think Lincoln cents at a minimum might be considered the "most popular coin in the world".

Chris

 

With the release of the new 2013 ASE two-coin set I felt that it would be nice to have more people contribute to this thread. It's going to be released for a period of slightly less than a month. Many have been speculating that the price of the set ($150) will drop due to the recent drop in silver price. The mint still seems to have the same price of $150. I honestly don't think that they will change prices no matter how low silver gets. I say this for two reasons;1. The Mint is desperate to make as much profit as possible when it comes to coins and coin collectors.
2. The set isn't being sold as bullion. They are being issued as a special 2-coin commemorative set for collectors (please refer to pt1)
I really do hope prices drop for the set but I honestly don't see that happening. Silver was at around $30 when they finalized the price of the set at $150. It was already 2.5x the price of silver in the set. So yeah, I don't see any hope of that happening but that's just me. No matter what happens I will definitely getting the set even though I'm not a true ASE collector. I just really love the set and I honestly believe that the ASE is the new Morgan dollar. So what are your thoughts guys? I would really love to gather a sense of what others collectors feel about the set and ASE's in general.

 

Actually, one recently sold for $86,000.00.

 

I'm going to place an order for at least 1 of the 2013 ASE 2-coin sets. I recently purchased the 2010-2013 ATB Silver Quarter proof sets (the 2010-2011 sets came from eBay and pretty close to mint prices) I'm pretty much starting from scratch and hope to be a regular US Mint customer going forward.

 

Do NOT buy directly from the US mint. Buy in the after market its much cheaper.

 

All you really need to know is you will be buying the most exspensive 1 dollar face value coin ever minted.
For a two silver round set worth 46 dollars you only pay 1 hundred and fifty dollars.
Now theres a deal you will not find often not to mention no bank will give you anymore than a buck for it.
Another deal to good to pass up.When the mint sees the phone lines light up they dont see human faces just a head with a paper wrapper on it with sucker written all over it.
My opinion buy what you like thats why the hobbys fun for all.

 

I would suggest you do the opposite. Try to jump on the initial offering.

After the coins sell out from the mint's initial offering there will be an increase in the price of the set on the secondary market. This will last a while but prices slowly begin to settle back down to around issue price. Personally, I've never seen any set cheaper than original issue.

The only problem with the "wait until the market settles down" approach is that you are buying coins no one else wants. All of the original owners have cherry picked their coins from the mint and sent them off for grading. The ones that not worth grading are sold in the original mint packaging. That might be good enough for some ..but I wouldn't touch them. I'd rather buy a graded set at that point then the left over raw coins.

Search on ebay to see what the 2006, 2011 and 2012 ASE anniversary sets are going for in original mint packaging and come to your own conclusions. For me, the choice is simple...go for the initial offering from the mint.

 

Spots.....bad spots !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Watch out for spots, can't say that enough. Some people have none, I did and quit collecting them bc of that single reason....

 

I'm definitely getting 2 of those new sets. Reverse proof AND the new uncirculated. That's a no brainer for me, even at $150, I wish I could buy more than 2, but that will be enough for me.

I've wanted a reverse for awhile now, and I'm highly interested in how this new enhanced UNC will look. Super excited!

 

buy from the u.s. mint first trust me ,it cheaper cause once they slab it they go up

 

I feel the exact same way. I got last years set and absolutely loooove it and I can't wait to get my hands on this years. But I'm always nervous about ordering from the mint because as Chiefbullsit said (great name btw) there is a risk of milk spots. I have quite a few ASE's and I've been lucky not to have any milk spots on them so far. Hopefully this year my luck won't change.

 

What does buying from the mint have to do with milk spots? I've purchased from ASEs from the mint since 2000 and have never had an issue with milk spots. No one should have to live in fear.

 

I've purchased quite a number of ASEs, directly from the mint and from other sellers. I've never yet seen a milk spot.

 

Okay, I'll bite. What is a milk spot? I'm brand new to buying these ASE's (I am awaiting my order from the mint to be shipped next month) and have never heard about these "milk spots". What do they look like? And how are they formed?

 

You'll know 'em when ya see 'em. Self explanatory and distracting as the devil......