2013 West Point ASE set

I received a notice (3rd one) and it's identical to the one from last week. It's like they don't know they already sent one to me. What is going on over there?

 

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Forgetful Jones Syndrome, Sam. Happens quite often with government agency's.......

 

I received my sets today via Ups. They are beautiful. Westpoint has the best quality control.
Not being a world class grader I would have to say mine are all 70's.
I am in love

 

Anyone got a date from goldmart as to when they are shipping their sets?


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I can sell you one for 50 FS coins one of my buddies might be buying me one

 

I called the Philadelphia Mint gift shop today and ordered two sets over the phone and they said FedEx will have them to me in 3 or 4 days........my online order status with the mint shows 9/17. That is crazy.

She said they had a few sets left; I ordered over the phone in about two minutes if anyone is interested.

 

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two ounces of silver is now worth only $38.00. how much mint sell it to us. $139.95. i rather buy two ounces of bullion silver.

 

Whatever spins your propeller.

 

If you are a hardcore bullion investor, then obviously yes, but bullion and store it. But these set are obviously geared toward collectors....by your rationale, you probably shouldn't buy anything the mint has to offer since they don't sell bullion products directly to the public, and I assume you think everything else they sell is a ripoff since it goes for a far higher premium than a place like APMEX would charge for straight bullion.

 

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That is true anchor, if all you want is silver; but these are collector pieces. Last month, I paid close to $800 for a 1 ounce silver coin. It was almost two hundred years old, it even had an original mintage greater than this one and it was worn besides. These are brand new, in great shape and have a low mintage under 300,000. When these are as old as the one I bought last month, they may be worth as much or possibly more than $800, because they are collectable. Now if I want to do that hoping for the same outcome on plain silver, I would have bought the bullion rounds. It's probably just me, but I can't see that happening to plain silver. If it did, then I would also win out on the silver value since my coin has the same intrinsic value as your bullion. Everybody has their own way of doing things.

 

Quite true Sam. We collectors might hem and haw, complain and bicker, extol the virtues of a cheaper price, but in the end we buy it..........

 

WOW, if this is really true, that TICKS me off. They were supposed to be on sale for a month and then that's it, no more sales. Please let us know Taribor if you really get them from the Mint in a few days. I will have to call and complain.

PS - Nothing against you, Taribor, I just don't like being lied to by the mint to get me to buy one of these sets at a ridiculously high premium and find out they are still selling them.

 

By this reasoning then your 200 year old coin will be 400 years old and still worth more than these high mintage, non-rarity, manufactured collectibles that will be protected by most owners for their lifetime, as opposed to the coin that survived about 200 before it came into modern collecting care... Similarly your 200 year old coin is much scarcer than it's original mintage today, most likely, and has garnered a premium. The new Mint products are yet to earn anything of retail or what a wholesale slabbing dealer markup is offering them for now. What with silver spot falling it's also depressing collector premiums, so there's little margin for the usual slam dunk of flipping these on eBay or at coin shows upon release.

Also, there are low mintage years of bullion AGE (in various denominations) that hold their own with numismatic versions and carry a collector premium. The buyer of these plain bullion AGE have done very well compared to paying significant US Mint numismatic product mark ups. The eagle program is bound to change at some point in time, probably any year now as the Mint is exhausting it's reserves of anniversary years and various packaging gimmicks to sell the numismatic version to collectors for stiff premiums. When the eagle program ceases or changes designs, bullion coins will begin to be seen under a new light and since most are neglected, those which are cared for may well take on the numismatic premium that most say bullion could never have.

Everyone indeed has their own way of doing things, but when everyone else is drinking kool-aid or suggesting that NIFC coins are more likely to be winners because they were marketed as collectibles and sold to collectors, it's worth taking a second look at what people are ignoring now so you can start preparing for your heirs 200 years hence.

 

Perhaps Chris, but I'm a happy sucker.........

 

Yep, my 200 year old coin should always be more valuable, at least I hope so. And like my 200 year old coin, the enhanced set will be scarcer in 200 years and with a more valuable premium. New anything has yet to be in the market long enough to increase in value. Now for slabbing, I don't let that weight into my decision to collect or not to collect an item. Nor have I ever flipped something I intended to collect. To me, that not why I purchase. I bought but one set and it fulfilled my need. I also look at the silver content as a secondary feature. It is the way it's manufactured and therefor the way it's purchased. I collect many coins, tokens and medals that have no valuable intrinsic metals in them, but I don't see them as valueless because of it. The material it contains is not my reason to collect it. But if everyone wants to buy it from me, partly because of it, that's their decision. I won't stop them. .... FYI: Come to think of it, as an individual I never liked Kool-Aid to begin with, nor do I follow the masses who do.

 

that Dansco album is going to ruin (ugly tone) those ASEs!!!

 

Or maybe 'gorgeous tone' 'em. It's a crap shoot.......