2019 S Enhanced Reverse Proof ASE

Discussion in 'Coin Chat' started by Heater, Dec 19, 2019.

  1. TheFinn

    TheFinn Well-Known Member

    If they were being collected, there wouldn't be so many up for sale so soon. We live in a, "How much is this worth?" society now. People collect autographs to resell, not to collect. Not opinion, just observing the reality around us.
     
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  3. Johndoe2000$

    Johndoe2000$ Well-Known Member

    That's the problem, there are many for sale because they are not yet in collectors hands for various reasons. I'm sure the biggest reason is the high price.
    I'm guessing the prices will drop after the Holidays. Sellers won't want to sit on inventory.
     
    UncleScroge likes this.
  4. baseball21

    baseball21 Well-Known Member

    That's really not true. There were 30k of them dealers and flippers were of course going to get some to sell. If they weren't being collected they wouldn't be selling as much

    There's plenty of excitment all around.
     
    Heater likes this.
  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Heater likes this.
  6. Santinidollar

    Santinidollar Supporter! Supporter

    In relation to your analysis, it seems there is a strong market for the coin ungraded and in the OGP.
     
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  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Are those prices falling ? They should, if the PF70 and PF69's are showing weakness.

    Doesn't seem you need $2,000 to buy a PF70 anymore.
     
  8. Jeffjay

    Jeffjay Well-Known Member

    There currently have been 7139 sold and 792 currently for sale on eBay. So roughly about 25% of the total. I'm sure a lot of those are being resold after being purchased the first week for half of what they are selling for today.
     
    GoldFinger1969 likes this.
  9. Jeffjay

    Jeffjay Well-Known Member

     
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  10. Phoenixchag

    Phoenixchag New Member

    Opinions please: Is the 2019 $25 Palladium ounce/bullion coin considered a "spitball"??
     
  11. Very widely dispersed,many will never see secondary market for years.ASE collectors who didn't get one will take wait see on prices and get one when dust settles regardless of cost .
     
    Heater likes this.
  12. It's a nice coin, But for the price?, give me gold. I have the 2016 100th anniversary 3 gold coin set, And to me, I rather have that any day compared to the same old eagle that possibly can aquire the milk spots. 30k really doesn't impress me. I was able to get one and sold it to Pinehurst. didn't want to go through the hell with ebay. I didn't even know til the last minute that coin was coming out. Mike selling them for $4400.00 in ms70. Gold baby gold... whatever makes your boat float.
     
    GoldFinger1969 likes this.
  13. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    'Slider'. devil.gif

    I couldn't say for sure as I don't collect palladium. My feeling though, is that they'll be considered 'bullion' and only trade based on the current spot market. My advice is to collect these pieces (if you enjoy them) as additions to your collection and nothing more. The coin you mention is still for sale at the mint. They are also very expensive, and that expense turns a lot of collectors off. The rarity factor (30,000) is nonexistent because there is no demand for them.
     
    Heater likes this.
  14. wxcoin

    wxcoin Getting no respect since I was a baby

    I would be happier spending that much on a nice St Gaudens.
     
  15. Santinidollar

    Santinidollar Supporter! Supporter

    Notice one PR68 being offered for $1,499 on eBay. That seller should go ahead and fire sale his coin while prices are up.
     
    GoldFinger1969 likes this.
  16. desertgem

    desertgem Senior Errer Collecktor

    Hey, plastic surgery on the behind, highest facebook postings, talk-talk-talk, shyster companions, and it is still a bullion coin :) IMO, Jim
     
    wxcoin likes this.
  17. baseball21

    baseball21 Well-Known Member

    Not a bullion coin never was a bullion coin. Must just be trying to get people pissed off repeating that over and over
     
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  18. Jeffjay

    Jeffjay Well-Known Member

    It's like saying a proof Morgan dollar is just a bullion coin. By that logic all coins are just bullion coins.
     
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  19. desertgem

    desertgem Senior Errer Collecktor

    If it is not a bullion coin why does it have 1 ounce of Silver on the reverse? The Morgan and other dollar coins didn't have it, None had it until the ASE except for the Trade dollar which was later demonetized. Read the US Coinage act of 1965 to see what led up to the sale of excess silver and eventually to the mint selling silver to the public. The ASE was the government's way of allowing the sale of silver to the public at or above bullion value.

    From the mint https://www.usmint.gov/news/press-r...er-enhanced-reverse-proof-coin-on-sale-nov-14

    About the United States Mint
    Congress created the United States Mint in 1792, and the Mint became part of the Department of the Treasury in 1873. As the Nation’s sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The Mint also produces numismatic products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; silver and bronze medals; and silver and gold bullion coins. Its numismatic programs are self-sustaining and operate at no cost to taxpayers.

    So you have a "Numismatic Product". IMO, Jim
     
  20. baseball21

    baseball21 Well-Known Member

    If it is bullion why is it sold to the public when bullion is sold to authorized distributors ONLY of which there's only 5 or 6 in the US? Why is it a reverse proof? Why was it sold as a collectors item, priced as a collectors coin, given a collector finish, packaged as a collector item etc etc etc.

    It's not bullion period
     
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  21. wxcoin

    wxcoin Getting no respect since I was a baby

    I guess it doesn't matter what you call it if you value it as a collectable. I guess I'm old fashioned in the thinking that a coin is something that was designed to be circulated for commerce.
     
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