I would be interested to know what is thought about the 2008-w ASE in regards to its place in total mintage? The 2008-w with the reverse of 2007-w, do you think it has a future of becoming an expensive coin? And do most people who collect the bullion ASE also collect the W's that can be purchased by individuals from the mint? I don't think anyone would say it is not a beautiful coin, but where in collectabilty/popularity will be those minted in the 80's and 90's say twenty years from now? I know that is a crystal ball question, but I also know people do have opinions regarding this. I might have mentioned this before, but I was fortunate enough to go to Europe this summer. The only American coin I saw in Europe for sale was the ASE. After that statement my question is do they have a very strong worldwide demand? Of a total yealy mintage, would anyone care to speculate what percentage end up overseas. And what anyone care to speculate what percentage of buyers are buying for the silver and not the coin. In other words bullion buyers, not coin collectors
W's only come from the Mints website. Anyway, don't bet on it becoming valuable. The mint dislikes lotteries. Ruben
Those coins that are bought for bullion only, say a 1986 or 1987, what kind of history would you speculate it has had? Has it been bought and sold several times over the years or held by the original buyer somewhere. And those coins only bought for the actual silver, are the coins cared for at all? I guess where I'm going with this is suppose you had a 1980 something or up to the mid 1990s, that would have originally been a MS-69, what condition is this coin probably in now? I'm surprised that such a high percentage is bought for the bullion only and I certainly don't think your estimate is wrong, I have no idea so that is why is I asked. But if such a high percentage is for the bullion only and the coin is not cared for, I would think those that have been cared for would have a good future realizing I'm looking out say twenty years from now. It seems the ASE gets a lot of "press" on various sites of coin news. I wouldn't Think this woudl happen if they were not very populat to collectors, and there certainly a lot of these always listed on EBAY. Of course the TV sales show make them appear as the most important thing to come along since the internal combustion engine, but they do sell a tremendous amount of these at high prices.
Were you collecting say 6 - 8 years ago ? If you had been you would have seen that these bullions were then at the peak of their popularity, at least for those being graded. They often sold for more than double what they do now. Then people began to see how common they were in high grades and the prices have been dropping ever since. I say the percentage is that high because that is what most people buy them as - bullion. I have personally seen people buy these by the box only to stash the box in a vault along with all the other boxes of them they had. This was back when silver was under $5 ox. Those same people are still buying them by the box. These coins are sold as bullion, that is their primary function. Most seasoned collectors would rarely even consider buying any of them. For the most part, only those new to collecting even attempt to collect them. There are a few exceptions, but very few.
:smileThanks for sharing that with me. I guess I sort of fall into a category here. I started two sets about 3 years ago. It was my graduation from statehood quarters. I started them because I do think they are affordable, big, and beautiful. I liked the precious metal content, but most importantly they are my wife's favortie coin. That is interesting to me your stating about the value going down. The ones I have in sets are raw, and even to this day I'm still amazed how cheap I got them for. Your statements about people buying boxes was important because I don't think about people buying boxes of coins. A big purchase for me just for bullion would be a roll
I think the problem for the regular bullion silver eagles is they made millions of them each year and that is too many to carry much of a premium as long as the series continues. Year Bulk Uncirculated Proof 1986 5,393,005 1,446,778 1987 11,442,335 904,732 1988 5,004,646 557,370 1989 5,203,327 617,694 1990 5,840,210 695,510 1991 7,191,066 511,924 1992 5,540,068 498,552 1993 6,763,762 403,625 1994 4,227,319 372,168 1995 4,672,051 425,512 1996 3,603,386 473,021 1997 4,295,004 429,682 1998 4,847,549 452,319 1999 7,408,640 549,769 2000 9,239,132 600,000 2001 9,001,711 746,154 2002 10,539,026 647,342 2003 8,495,008 747,831 2004 8,882,754 801,602 2005 8,891,025 701,606 The interesting thing is the proof coins have much smaller mintages relative to the bullion, and I think some of the proof eagles are worth far more than melt like 1993 to 1997. Those mintages are under 500,000 so if one is to collect it seems like the ones under 500,000 are the way to go. I also like the 2006 W, and probably the 2008 W silver eagles in the burnished.
