how much would you pay for W mint ASE's? STAY ON TOPIC

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coinman if the grey sheet said jump off a bridge would you?

honestly I think people put too much stock into the grey sheet if that's the only reasoning in pricing...

 

i brought this one back up because for some reason bullion buyers are not buying these and theres not much action on them on ebay. i was able to snag 4 slabbed 07's this morning for $43.57 a pop, at that price why would you buy a raw eagle?

 

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prices at apmex:
2006w - $79.99
2007w - $69.99
2008w - $69.99

 

I see some 2006w going for $60 now. Would that be considered a "bargain?" They are slabbed MS68.

 

$2.00 over spot, I don't collect ASE's they are just a high end bullion round to me. Don't get me wrong I love the ASE but it is still simply a bullion round with a guarantee.

 

I believe it is much more. There are many collectors of ASEs, and one day the US Mint will discontinue the series, and every ASE in existence will accrue at least some numismatic premium because the supply will be fixed but the demand will continue. It is the view that ASEs are nothing more than bullion that is helping to ensure that the future value will be higher than the common silver round.

 

To bad it's fixed on a big number...I have gold pandas with mint runs a 20th the size and don't see them as rare at all.

 

That's the plan......

 

Non-US coins never have the following of popular American issues. It might not seem right, but that's the way it's been, probably because there are more US collectors.

 

It is higher than a common silver round. The reason I buy more ASE's than anything else is because they are easy to sell.

 

So the Chineses who now encourage their billion citizens to buy gold don't have any demand for fractional gold pandas with mint runs of under 30k......The price on ASE and all coins with mint runs of over 50k that never circulaterd is based on hype that will fade away with time, it might take 20 years but the fundamentals to be a true long term collectible just isn't there....You can find Picasso's with print runs of under a 1000 that you can't even sell for $300....Just look at what happens with pretty much every modern day American commemorative made from silver or gold, they start off 2-3 times their PM value and than 15 years later you can buy them under melt......I think some of the biggest fools are the people who pay over melt for the ATB coins, I'll be buying them for melt off all you guys in a few years.

 

You should buy what you like. I don't know what the Chinese will do. All I know is that coin collecting has always been a hobby with widespread participation in the US which has generally given US coins more numismatic value than non-US coins. If you don't like ASEs, you shouldn't buy them. If you don't think high grade ASEs should carry a premium, then don't take care of them.

 

I live in a county in Nor Cal with well over a 100,000 people and we have no coin shop, I have to drive 70 miles to find a coin shop......I'm in my mid 30's and don't know single coin collector thats younger than me and the few I know who are older do it for the precious metals not the numismatic value....might not be as widespread as you think

 

I have 6 coin dealers within 5 miles of me. Local coin shows draw hundreds folks [dealers and collectors combined]. Many are children and teens. I'm not worried.

 

My closest dealer is in Santa Rosa Cal and he tells me if it wasn't for the bullion investors he would have had to close the doors years ago...and yet they say sports cards are a dying business and I have 3 cards shops in my county....The type of people who pay high premiums for ASE are the type of people who would buy coins from infomercials, act now limit 10 per caller!

 

What's a high premium? A few bucks over spot? It's worth it for me. Last year I was squawking about payin' $22-$24 per coin when silver was hovering at $18. Bought two rolls and grinned and bared it. Had no trouble what so ever with selling them this past March for a buck over spot......

 

I don't care if it's a key date or an ms70 I wouldn't pay more than 20% over melt for any ASE that is a long term investment...if you plan on flipping it real quick thats different.....I bought 10 1986 ASE proofs in the box for $600 but I sold them within a week for over $900, theres no way I would have sat on them at $60 per coin....the only thing those coins have going for them are they were the first proofs, the mintage is well over a million and I'm sure 90% of them are still in great condition......I wouldn't collect a coin for numismatic value unless it has a population of under 1k in that condition or better...It cracks me up when I see people call new coins collectables that have mintages of close to a million...but don't worry when you sell them for melt I have room right next to all my 1982 George Washington250th anniversary .900 silver half dollars that I bought for under melt and under issue price.

 

Well, this is the "bullion" section Guano so I'll defer to you in that regard, but on collectables? That's another story. Folks who collect (most) are going to collect something 'cause they like and enjoy the coin and design and to be hanged with what it's going to yeild down the road.

I think I've overstayed my visit in this neck of the woods......