Silver Eagles (lower mintage dates of the mid 90s)

Can someone tell me why a 1996 ASE is the only coin in the series that carries a premium (selling for between $50 to $60), while all the other dates sell for the bullion price of $27 or so?

My first thought was the 1996 ASE is way overpriced.



The 1994 and 1997 also have fairly low mintages, within a few hundred thou. of the
series low mintage of 1996 -- but they dont appear to carry any premium.

Does this mean the 1996 is truely overpriced? Or instead that the 1994 and 1997, might someday have a more significant premium and might be a good gamble to buy at near the bullion price?

I think that Krispy has been posting that he thinks if the ASE program ended,
that some of the ASE's will start to get more of a premium.

I think that's an interesting thought considering the total mintage of the ASE series
is now roughly around the series mintage of the Peace Dollar -- (around 200 million)
and we all know how key dates of the Peace series have shot up.
Of course the entire population of ASEs were saved and in UNC condition - something
definitely not true of the Peace series which was issued as a legal tender coin.

Here are the mintages of the ASE series (note the explosion in numbers
in the past couple of years) it makes some of the mintages
in the mid 1990s look even lower.

Year Mintage
1986 5,393,005
1987 11,442,335
1988 5,004,646
1989 5,203,327
1990 5,840,210
1991 7,191,066
1992 5,540,068
1993 6,763,762
1994 4,227,319
1995 4,672,051
1996 3,603,386
1997 4,295,004
1998 4,847,549
1999 7,408,640
2000 9,239,132
2001 9,001,711
2002 10,539,026
2003 8,495,008
2004 8,882,754
2005 8,891,025
2006 10,676,522
2007 9,028,036
2008 20,583,000
2009 30,459,000

 

Log in or Sign up to hide this ad.

well ... my point was the mintage of the 1996 is not that much lower than the 1994 and 1997 ... so it seems a bit crazy to say the 1996 is worth double ... and the 1994, 1997 has no premium.

 

The 1996 ASE is clearly overpriced and it is based solely on having the lowest mintage in the raw bullion ASE series. At the rate they have been selling in recent years, you can assume that this will likely remain the case. Now, if these start getting melted at some point and/or the series ends, IMO they will start to develop numismatic value as well. TC

 

1996 is the key date to the series and it turns out that the year I was born was the key date...lol I feel special. I paid like $50 for mine in Unc uncertified. ASE's are really nice coins to collect, but I just wanted my birth year and key date. :smile

 

I hear you coinguy! Am I reading your post correctly that you are only 14? If that's true it's great to see a younger collector on here (I see so few).

I just acquired series key 1996 ASE that might be graded MS70 (it's at least MS69) as part of a complete ASE set collection for really no significant premium.

I bought the complete set of ASE's in an dansco for $719 yesterday from my local coin dealer; and the dealer let me cherry pick a 1996 from 5 rolls (and I found one that looks flawless).

Since this set contains 25 oz silver, just the melt value of the ASEs is around $615 at this mornings spot price (about $100 premium over melt for 25 coins, which i thought was a great price).

Tell you what, it's really cool seeing the whole series in an album, especially when most of the coins look like MS69s+ to me. Sorry about the bad photo ... i really need to work on my photography skills.



This morning I just bought Littleton's ASE Album (which I think is the
nicest looking album ... not fond of Dansco's tan page color);
and I will transfer the coins to that (wearing gloves of course!)