WOW! The Mint screwed up Big League...

Drink it! There are Billy Beer challenge videos on YouTube and most that I've seen who drink it say it doesn't taste that bad even after all these years. Go figure

 

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I detect a bit of eliteism here. "If the coin isn't an ancient, pre 1964, colonial copper, etc. it isn't worth collecting." The basic tenant of coin collecting is to collect what you like. People collect all kinds of coins and metals, but as soon as ASEs are mentioned some people go out of their way to put them down. They are current, they are available, they have a classic design on the obverse, and if purchased in the current year of production, they are reasonably priced. I enjoy collecting an eclectic array of coins and ASEs are one of them. They also happen to be the coins my two children have shown the most interest in and are the most likely to be continued with a minimal investment on their part. I have no delusions about the complete set of Liberty Standing Haves, Franklin Halves, Mercury Dimes, etc. I have, unless my grandchildren become coin collectors, they probably will be sold when I pass on or sold by me when I feel the time is near. It will sadden me, but people collect what people collect and what they can afford plays a key part in that.

I bought the 2006 ASE 20th Anniversary Set from the mint for $100, had them graded, and they came out as 70s for all three. Today that set sells for $850 to $1,000 in 69 they average $350 to $400. I had similar luck with the 25th Anniversary Set, the 2012 San Francisco Set, and the 2013 West point Sets. I don't collect them as an investor, but as a collector, but it's nice to have that kind of appreciation. I buy the mint marked uncirculated ASEs from the mint, I got lucky and got the 2008 with the reverse of the 2007 and it graded as a 70, that coin is valued at $1,000 today, the 69 (which some of you feel is a good alternative to 70 prices) goes for $500. I could go on, but I'll stop. Again, my point is collect what you like, not what someone else tells you to collect. I find it disturbing that people should discourage a new collector from collecting something that pleases them and for a new collector, is affordable and has the potential to then lead them down the track of collecting other more acceptable (and expensive) coins.

 

Thank you Jim for the reply. I will probably stick around and read some, but my comments will be very limited. It is strange though that some folks apparently do not know how to read the rules, (the ones that you have to agree to), that are clearly posted when you sign up for the site.

 

It appears from rereading the thread that this all started in reply to my comment

I do not see any insult there. Your text dump was extremely hard, if not impossible, to digest. All I asked is that it be edited to be more readable. That seems a very reasonable request. The majority of people here are of an age when good grammar was still taught. No offense was meant but it seems like some was taken. Telling me to just read the last 16 or 17 lines was not a good response as that would have required me to count back the lines and try to interpret an abbreviated text dump. A better response would have been to repost a readable version.

 

I didn't read it either. Not worth trying.

 

Itmaybeaninterpretaionofverbiage, But for crimony sakes, Does it make sense?

 

I tried to fix the post when you asked me to, but there apparently is a 60 minute time limit on doing that. Instead of saying it was too long to read, (and basically not worth your time), it would have been just as easy to reply and ask if there was any way that I could shorten the post I made. Plus as I stated before in a previous reply, that I was a new member and wanted to give all the other readers a little background of myself.

 

I did not read that for the same reason that I was wondering if you have ever heard of the word paragraph. Care to edit and reformat it?

And yes, I took this as an insult.

 

I think he belongs selling used cars.

 

I received a call this morning about the 2017-W Silver Eagle in Pf 70.

I suppose that some people wouldn't mind paying 30 times the price of silver for a newly minted round, but it doesn't appeal to me. For $200, I can get a variety of an Early Date Large Cent in Fr-2 with only 31-75 known.

PF70 2017-W Silver Eagles, with new minting technology, are far more common.

But that's the beauty of intrinsic collecting rather than investing. You don't have to follow the crowd to maximize impulse aberrations in price.

I'm not against owning silver. But I choose to go with rounds close to the metal content value rather than collector premium value.

Viva la difference!

 

Are you saying a 2017w proof eagle 70 is 30× silver spot?

 

That's exactly what happened with the BEP and stamps.

 

Well, that might be a slight exaggeration. $200/$17.50= ~11.5 x spot. But still crazy in MHO.

 

This is a Collector coin, not a bullion issue, plus it's graded a perfect 70 and the grading cost's are not free. Was this a signature coin, (with one of the many done on ASE's)?

 

Proof ASEs have absolutely nothing to do with silver investing

 

Although a collector coin, the grade may not have as large an impact as you think. Many of these coins grade PF-69 and PF-70. In fact, I defy you to show me one graded at PF-68. The large population will make the premium lower for high grade coins.

 

Yes, that's very true. The larger the population there is of a specific coin, the less demand there is for it, (because it's readily available), and therefore the less the cost. I was replying to the comment about the 2017-W Proof Silver Eagle graded PF70 with the $200.00 price.

If that is one of the signature type coin slabs with, a Mercanti, Moy, Cleveland, Jeppson, etc., or one of the Pedigree Slabs such as FDOI, ER, FR, 225th Annv. etc.
Then to some ASE collectors, the coin could be worth the $200.00 to them. Perfect example is the recently "found" 2015-(P) Struck at Philadelphia "Bullion" issued coin. Being this forum was mainly about that particular coin, and the cost for a MS70 going for $10,000.00, and having a population of only 47.

I just wanted to find out what particular 2017-W PF70 ASE that Mr. Marshall was commenting on, to get more particulars. I myself will purchase the 2017-W Proof ASE in PF69 U/C from NGC, in the standard Gold/Brown label, hopefully for around the $50.00 range.

 

I've got a couple. Haven't seen a pf67 though I don't think.

 

As of right now, PCGS is showing 1 PR68, 205 69's and 449 70's for 2017-W. Nothing lower.

 

PR67 for a non-circulating coin? No one with any sense would even send it to be graded so this is not at all surprising.