I know this has been talked about many times and I'm not so much asking about the purely MECHANICAL aspects of storage (I'm aware of what the major options are). Rather, I've just started accumulating a "set" of the bullion/uncirculated type of ASEs and have already amassed 13 years of them (plus a couple of duplicates). I'm getting them in various states of packaging, from purely raw, naked rounds to mint cellophane to airtites to Littleton packs. I don't really want to store them in their varied packages "as received", but I also wouldn't want to devalue them in any way if any of the packaging is valuable. NOT talking about any graded/slabbed coins (not going there...they are almost bullion to me with a little extra interest value). I don't really like tubes because I don't like the thought of them clanking together. I think I want to go with the extra-large (Crown size?) cardboard and mylar squares and put them into a box. Sound like a good idea? Take 'em out of the various sleeves, cellophane and Littleton holder and make them nice and uniform. (Oh, the few that I have in Mint packaging with capsules and velvet boxes will stay that way...like the 2007-W Uncirulated). I'm using the cardboard squares in 2x2 size for the rest of my coins as well. Another option is binder pages/sleeves, but I don't think I want that route. Going to place an order for some supplies and need to decide how I want them. Thanks. Rob
Most ASEs are never going to be worth much more than melt. Some of those have been minted in the 10s of millions. I'd just put them in a tube and be done with it. Carboard sleeves are cheap so that is another option.
Very poor thinking imo. I never understood why people who stacked silver for the long term give so little thought to storage. Its a shame really. Even if ASEs won't be worth more than melt which can be greatly debated why would you want your bullion to look anything but the way it was originally produced? OP- forget your idea of cardboard. To be short and sweet anything made of paper adversely affects coins. Place all of your silver in airtites, throw them in a large tupperware container and throw in silica gel as well as anti tarnish strips. Then store this in a dark place where the temperature does not fluctuate. This and only this will preserve your coins correctly. Nothing Else
Air-tites cost money that probably can't be recouped when selling. There will still be hundreds of thousands of ASEs in high grades even 100 years from now. So, I can't see them being worth more than melt + usual premiums. If OP is collecting, then sure. Air-tites are great for storage and display purposes. But a bullion stacker is usually only concerned with amount of metal. As long as you don't just throw them around and scratch them up badly, they will be worth the same as super GEM BU. I don't have experience storing bullion for long periods of time but so far, I just leave them in the packaging they came in. No tarnish for a couple of years
I fixed that for you. Bear in mind that there were more than 600 million Morgan dollars produced, and we know for sure that approximately half of those were melted during the "Great Melts." We also know that they were circulation currency, despite the fact that nobody really wanted to use them. Yet we have no shortage of BU examples, and the circulated examples in common dates can routinely be purchased for a small margin over melt. And with one exception, every Morgan minted is already 100 or more years old. Compare that to the ASE, which has never been circulated and has always been treated as a collectible. Sure, there will be some years and varieties that invariably grow in value, but the sheer volume of BU examples tucked away will prevent any significant growth in collector value. Don't believe me? Can I interest you in a few rolls of BU Kennedy halves? The point being is that nobody should lose much sleep over how their ASE's are stored. That said, I have two year sets in Intercept Shield albums, stored in a safe. They've been there for years and show no signs of toning. Some claim the intercept albums are a top of the line preservation album, but I just like the way the blast white looks against the forest green pages.
I prefer air-tites since I like to "handle" my coins. I do collect quite a bit of 90% silver and the bullion pieces go into small food grade poly bags (non-pvc) while the nicer specimens go into air-tites or koin-tains.
I'm wondering what the real difference is between silver (or PM) stackers and collectors. I buy what I like with the interest in buying silver at a reasonable price, looking in coin shops/ebay for years I don't already have then then store them in airtites. But I enjoy looking at my collection. I appreciate that the value of the coins is unlikely to appreciate in value but hope that the value of silver steadily increases to the point that I paid for them plus the cost of the airtite.
If you decide on Air-Tites, if you buy in large quantity from their website they are pretty cheap but the shipping is about $5.
IMHO - Most stackers have a little bit of collector in them and vice versa. It's a rare thing to find a stacker that doesn't care one bit about the condition or the design of the bullion they're purchasing, and I would imagine many collectors take a little comfort in the presence of PM in some of their coins.
...forgetting one thing, the price of silver will go up 2, 5 and 10yrs from now. So who cares if it's numismatic or not, it's silver, and when I sell my ASE's in 10 yrs, they'll be in BU condition. Easy sell. So store what others suggested. Peace and keep on stacking gold and silver.
I have a couple of those empty American Eagle tube with the green top that I use to fill up little by little. And on that note...don't you just love how sometime you buy just 5 or 10 Silver Eagles and the seller put them in the tube for you? FREE TUBE FOR ME!!!
You say ASE are just worth melt value ? What do you suppose one would weight? 1oz or or 31.1 grams so its only worth what ever a ounce of silver is worth at the going rate??? just asking.... I kind a think there worth more than melt... but I could be very wrong and would like your take on this melt valve or worth?????
I think the posters above were referring to numismatic value, which has been discussed a bit with the mention of how many have been produced and other factors that influence such value. As far as the silver value goes, yes, they contain (at least) one troy ounce of silver. There have been a few that have been produced ( I can't remember the year(s) offhand) that were a little thicker. Enough so that if you have a full tube of 20, you may experience a little difficulty getting the top to fit flush. How much is the silver worth? Much depends on the situation: Buying from a dealer, selling to a dealer, selling directly to a buyer (non-dealer). When purchased from a dealer, ASE sell for more than melt. Typically around 10% over melt. When you sell to a dealer, most offer melt, or slightly below melt. The difference between the two is known as the spread, and it's how dealers pay their bills and earn a living. If you sell them on ebay or if you find a private party interested in buying them locally, you can usually sell them for melt plus a small premium. Either way, they usually sell for more than private rounds do, unless there's some collector value to the rounds.
