Hey Fellas. As some of you know im not a bug Ebay user. But i have seen A LOT of 2008 ASE's selling for pretty big bucks considering the type of coin it is. I have been seeing MS70 and PF70 Selling for 90 to 100 dollars each in NGC slabs. Granted MS&PF70 are the best you can get. But is it even worth it at those prices? Maybe I'm just cheap. I just thougth it would be a worthwhile topic. I have been following the ASE's Price trend sence 1986. But again this is for the sake of having a topic. ASE's at such a high price! To buy or not to buy? This is the question.
you could buy 3 proofs from the mint for a bit more than a slabbed pf70 on ebay. just my opinion. to me its bullion and even the proof isnt worth paying for. buy proofs from the mint have them slabbed and then sell them off for a profit. wash rinse repeat. thats all these people are doing.
Why are you thinking about them? What do you want them for? If you just want 2008 ASE's for your collection, forget about the MS- and PF-70's. If you want a modern matched MS- and PF-70 set, go for it. Do a bit of research (eBay, Coin World, etc.) and find out what they are going for. Make sure you stay with the reputable TPGs. Then you'll know what to pay. For investment purposes it's a bit tougher. I suspect you'll have to hold them for 10-20 years to see a reasonable profit, but you'll have to figure inflation in that calculation. The quick early growth has probably already happened. Now you're looking at slow long-term growth.
They're magnificent, no doubt about that. If you get one, be sure to store it properly. I've got some nice ASEs in Intercept Shield + dessicant.
Just came home from my local coin shop. The BU ASE's I've been buying from him have gone up $3.00 ea since I was last there...:headbang: I guess I could get a third job to pay for my habit...only 14 more to go! ...........maybe I should just stick with nickels............
It really depends on what you want. Do you want a slabbed or raw coin? If slabbed, do you want so-called "perfect" or just a superb gem coin? It's not like this coin is going to be rare in PF70 or PF69. There are tons of them. $90-$100 is high for a PF70. I sold ~150 of them graded by NGC over the last few weeks for <$70. The PF69s I sold for <$35. Personally, I'd rather have two in PF69 than one in PF70. They look the same.
As a dealer I would just buy them raw. There has been such a craze over modern stuff graded MS or Pr 70 in the past 5 - 10 years that these items really only hold a slightly better value up front. I am just guessing here but I would say that in 20 - to 30 years when alot of these start to come back up for sale we will see just how many of them are out there and realize that they are not that rare. I would rather have a nice Unc Buffalo Nickel for $35 or a nice BU Wheat Cent. They don't make those any more and they will go up in value at a greater rate.
I just looked up SAEs in the April 2007 PCGS Population report and am kinda chocked. For example 2004 w has 234 slabbed Pr 70 with 5611 sent in for cert. The 1989 S has 38 Pr 70 with 4473 sent in to be slabbed. It looks like the earlier ones ( 2000 and back, or before they were made at West Point ) are very tough to get. There are soe years like 1987 where they have only slabbed 12 Pr 70s. I will have to look up NGCs population report online to see if they are about the same.
There are reasons why the earlier years have fewer coins graded. Early on the TPG did not have a Modern Tier or bulk grading. I recall spending $22 & $25 to have modern coins graded back in the last 1980's. This stopped many people from submitting them. The Internet has really opened up the marketplace for these modern coins. Before it was hard to sell them. For a while TeleTrade refused to sell them. You had to sell them to the local customers which was difficult, so why bother to submit. For many YEARS PCGS refused to give the PF70 grade. They were also super strict on awarding it for several years when they did give it out. Therefore, no matter how nice the coin, your best possible grade was PF69. The above really hurt submissions overall and limited the grades to PF69. Today you could get the PF70 grade on a lot of those coins sitting in PF69 slabs, but they'll never be resubmitted. The real thing keeping the pops down on those older coins is that there aren't the quantities available to do bulk submissions for the early years. I'd love to get original boxes of 100 of the early years and do bulk submissions, but they just aren't available. I can get some for the past few years, but not for the early years. The only new PF70s are going to come from individually submitted coins. And of course, the quality at the Mint has improved greatly over the past two decades, but that isn't the whole story.
