A Riddle for your weekend...

Discussion in 'Coin Chat' started by Insider, Apr 20, 2018.

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  1. JPeace$

    JPeace$ Coinaholic

    I don't "roll collect" so I can't speak to premiums being paid for coins being in bank rolls. I think @V. Kurt Bellman , summed it up though. IMO, I don't think you'd lose value.

    What denomination are the coins? Do you see any end roll toning?
     
    JPeace$, Apr 21, 2018
    #21 + Quote Reply
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  3. LA_Geezer

    LA_Geezer Well-Known Member

    They are ASEs in mint rolls, as these seen in any such eBay page.
    [​IMG]
     
    LA_Geezer, Apr 21, 2018
    #22 + Quote Reply
  4. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Pure commodity. Nothing more.
     
    V. Kurt Bellman, Apr 21, 2018
    #23 + Quote Reply
  5. JPeace$

    JPeace$ Coinaholic

    @LA_Geezer , I know APMEX sells these with a seal on them stating they are "Mint Direct" or something like that. Do yours have this "seal"? In either case, I wouldn't open them unless you want to sell them individually or unless you just want to look at them. IMO, the ASE is a beautiful bullion piece. I have some in the same containers as well as many proofs. The proofs look like jewelry to me.

    The manner in which you store them will determine whether they tone. Keep them in a cool, dry place and I suspect you'll be okay.
     
    JPeace$, Apr 21, 2018
    #24 + Quote Reply
  6. harley bissell

    harley bissell Well-Known Member

    For variety lovers unopened rolls are UNSEARCHED rolls and some are worth a major premium. For condition freaks I agree with Mr. Bellman that it makes
    little or no difference in the value.
     
    harley bissell, Apr 21, 2018
    #25 + Quote Reply
  7. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Like virtually everything in the ASE series, that which carries premium when you are buying it from a dealer, instantly LOSES that very same premium when you are selling to said dealer. All premiums become dealer markup, by divine Providence, apparently.
     
    V. Kurt Bellman, Apr 21, 2018
    #26 + Quote Reply
    coinsareus10, LA_Geezer, atcarroll and 1 other person like this.
  8. JPeace$

    JPeace$ Coinaholic

    Ain't that the truth.
     
    JPeace$, Apr 21, 2018
    #27 + Quote Reply
  9. JPeace$

    JPeace$ Coinaholic

    Looks like in this case, they are ASE's, so I don't think they will appeal to variety lovers.
     
    JPeace$, Apr 21, 2018
    #28 + Quote Reply
  10. GDJMSP

    GDJMSP Numismatist Moderator

    And before !
     
    GDJMSP, Apr 21, 2018
    #29 + Quote Reply
  11. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Yup, one of the hobby's most vicious critics of some of the blatantly artificially toned garbage in PCGS plastic is none other than Q. David Bowers. And he IS talking about those artificially toned BEFORE they got to PCGS, too.
     
    V. Kurt Bellman, Apr 21, 2018
    #30 + Quote Reply
  12. ToughCOINS

    ToughCOINS Dealer Member Moderator


    Careful there Folks . . . The phrase "Improper storage" used in this thread likely discriminates against coins that have not spent the majority of their lives stored in rolls. It is in rolls that they are best "preserved", simply because it is in that mode of storage that there is the highest ratio of surface area to available oxygen.

    To broadly characterize either toned coins or untoned coins as necessarily being the best is an unqualified statement on its face.

    I rarely buy bright white, roll-stored coins because they are common enough to have survived in roll quantities for a long time. That's my only misgiving with extremely lustrous white coins . . . If there's something else about them that makes them particularly scarce,then I'll chase them, even when bright white.

    Same with toned coins. For scarce and rare coins, I expect them to be toned, as it is unlikely that they spent years in rolls, and almost certainly toned over time. When they are bright white, however, that gives me pause, as it should. If they remain intensely lustrous, I'll still consider them, but cautiously, as stripped ugly toning can, and often does return.
     
    Last edited: Apr 21, 2018
    ToughCOINS, Apr 21, 2018
    #31 + Quote Reply
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  13. ToughCOINS

    ToughCOINS Dealer Member Moderator


    I sounds like you don't believe dealers are paying a premium to buy coins with beautiful toning.

    If that's the case, I must wholeheartedly disagree.
     
    ToughCOINS, Apr 21, 2018
    #32 + Quote Reply
    Insider likes this.
  14. JPeace$

    JPeace$ Coinaholic

    That's not what I meant. I was replying to Kurt's post about ASE's and the marketing of them.

    I can only speak of my experiences, but I believe coins with exceptional eye appeal and proper grading generally garner a premium. I don't know who's buying them (collector or dealer), but I see the prices they realize on auction sites like Legend, Stack's and HA.
     
    JPeace$, Apr 21, 2018
    #33 + Quote Reply
  15. JPeace$

    JPeace$ Coinaholic

    I'm not sure how you read all that into my post that you quoted. I have toned and untoned coins in my collection. I don't have a preference.

    I was commenting on improper toning of ASE's.
     
    JPeace$, Apr 21, 2018
    #34 + Quote Reply
  16. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I’m saying dealers don’t pay a premium on ANY ASE. But that very same dealer will CHARGE A PREMIUM OUT THE WAZOO on that very same ASE. A collector can fritter away a small fortune repeatedly buying and selling a 1996 ASE.


    When the collector is buying:

    “Oh, you know that’s the key coin for the bullion series, right?”

    When the collector is selling:

    “They’re all just bullion. I pay 20% back of melt.”
     
    Last edited: Apr 21, 2018
    V. Kurt Bellman, Apr 21, 2018
    #35 + Quote Reply
    LA_Geezer likes this.
  17. Santinidollar

    Santinidollar Supporter! Supporter

    Give me warning before you do that. I nearly choked on my coffee.
     
    Santinidollar, Apr 21, 2018
    #36 + Quote Reply
  18. desertgem

    desertgem Senior Errer Collecktor Supporter

    Just wrap a wide cheap rubber ( not elastic) band around a warmed slab seam and sit it in the window frame. Of course no guarantee on the outcome
     
    desertgem, Apr 21, 2018
    #37 + Quote Reply
  19. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Apology offered . . . I was thinking of coins in general, and not ASE in particular.

    - Mike
     
    ToughCOINS, Apr 21, 2018
    #38 + Quote Reply
    JPeace$ likes this.
  20. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Same deal with the soft plastic sealed Royal Canadian Mint packages that Maple Leafs used to come in. The rubber band junk goes right through the plastic.
     
    V. Kurt Bellman, Apr 21, 2018
    #39 + Quote Reply
  21. JPeace$

    JPeace$ Coinaholic

    No problem Mike. I really respect your opinion and knowledge, so I just wanted to understand your comments. Thanks.

    Joe
     
    JPeace$, Apr 21, 2018
    #40 + Quote Reply
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