if i was to buy silver about 1oz how many coins aprox would that be? for example for halves is it around 2 kennedys? for 1oz? how much would it be for quarters or dimes?? aprox?
Halves- .36169oz Quarters-.18084oz Dimes-.07234oz war nickels-.05626oz Exact amounts of silver in each
How likely is it that modern (past ten years) non-proof ASE will have any value other than spot? Cloud was the first person I ever heard with this theory. Not that it makes me upset, as I have a few ASEs, but it just doesn't make sense to me. I understand that it is just a theory, but am interested in the idea behind the theory. Can you provide some?
ASE's will probably always have a numismatic demand since there are so many US collectors, the design is nice, (I wish the US could do something besides steal previous coin designs, are we that untalented nowadays?), and they are dated, meaning some dates will be scarcer. How much of a demand I cannot say. I would have thought none, but I bought a roll in 1986 and noticed after a few years they were above spot by a bit.
I also agree with the idea and echo the same as Cloud does about the bullion ASE coins. Many things that serve a practical function become collectible once they are no longer sought for their practical aspect or have ceased being produced. Bullion ASEs are and will remain investment vehicles but once the design is changed or the Eagle program ceases then the demand will shift, perhaps to collectors willing to pay a numismatic premium on these coins making them more widely collected than they currently may be. There are scads of these bullion coins available but not all are being handled as delicately as are other collected coins. Any premiums over spot and beyond the typical nominal percentage usually placed on an ASE may take decades to amount to anything like what a Morgan Dollar may fetch, but the longer the coins are out of minting, with diminishing availability, having various conditions being attributed (grades), toning, etc. demand will slowly (or quickly) swell. Coins of the past that were coined for circulation were practical and not widely collected in their era, but now one collects Morgans and Peace Dollars for instance and invests in low grade no date 'junk silver' dollars and other denominations. The potential is there for bullion ASEs to become viewed as collectibles as well as investment bullion and to carry a greater premium. This may take only a matter of weeks or years for it to happen or it may take generations but that's all the more reason to handle them with care while they are in your possession. I believe that some of the ideas being expressed in the Made to be collected thread apply here too.
The theory is that someday they will stop making ASEs, but the demand will continue. People like them and will probably buy more than they will sell if the price stays close to melt value. Demand will exceed supply and the price will have to rise. Don't expect them to sell for double the melt value overnight, but I would think the premium will rise gradually. Since most "serious" collectors and dealers view them as strictly bullion, a rise in silver prices could result in the melting of millions of them, further restricting supply. How likely is it? I don't know. Consider it a free call option on the potential future numismatic premium.
why do you think I'm trying for a roll of each year and mintmark ASE? oh and I'll personally hold cloud responsible if I'm not a millionaire from having 25-30 rolls of ASE's... so you better make that premium increase ALOT! or start hyperinflation... seriously though...I'm hooked on ASE's and have been working on either buying a roll from each year or buying them as cheaply individually as possible...I could see them eventually being like morgans with how they are treated nowadays...they might be bullion but they certainly are not "junk silver" to be beaten up and around in a box or bag...but hey the more that get beat up out there and melted down...the better it is for anyone holding them in ms condition Alex
