Hi all, I was looking over the American Silver Eagle mintages and I was wondering why the '96 at 3.6+ million is priced seemingly so much higher than a couple of other years where the mintage is only about .6 million higher, such as '94 & '97? Do these figures and prices correlate to the number of ASE series collectors, or is it more of an investment play? Or none of the above? I don't comprehend statistics too well, lol.
i dont know..but just a guess here..sometimes there are so many weak strikes for a certain year that the ones with full details are worth considerably more ????
In 1996 they re-did the dies so its not a week strike...but the mintage is lower than any other ASE if I remember right....also many people hoard ASE as silver. Speedy
There are NOT many 96 SAEs on the market and that alone is enough to drive prices. Last I heard, locally, they were running in the $30 to $35 range. Also one must remember many folks buy silver as an investment and if a major investor snapped up large quanities of the 96 they could be off the market for years to come. Most coins owned by serious collectors will spend an estimated 40 years OFF the market so lets just say there are coins out there but just not for sale at this time. I do wish I had bought all the 96s I could have in the last few years but.....hind sight is always better than foresight isn"t it!
My sister bought a whole roll of 96's in 96...but I bought a rollof 95's....oh well...I sold them and got a better coin.... I think around here the 96 ASE runs about $32... Speedy
It might be a good idea to sell any extra 96 SAEs that you have and buy something else, even three SAEs from other years. The mintage probably isn't low enough for this to be a long term winner. That's just my opinion.
Although investors say buy low and sell high, the average person sells low and buys high. Since 1996 saw a decrease in the price of silver it should be fair to say that most regular people were not buying silver and were trying to get rid of what they had, so the only people buying silver were those who needed in there business. So although the mintages are only lower by 600,000 from some years, I think the survival rate for the 1996's is alot lower, then 1997.
It is because of that date being the lowest mintage of the series. Same is true with the platinum and gold issues - and the Proof versions of all of them.
