I went silver hunting today,and in the alittle bin were they have some my daughter and i found 3 ASE we also found 4 ASE that had a a painted picture of the twin towers over the lady/eagle a got these for a buck over spot,good deal?? Also anyway of taking paint off w/o hurting the coin? I have bought rolls of ASE from this place before,but always get the ones ppl trade in cheaper? Is this always the case?
I don't think you could remove without damage as it is already defaced.. Your OK .. These are ASE so they have Silver weight.. The Art work is Hated by some and loved by few.. but those few may pay a bit over the norm for them.. 1.00 over spot is great for ASE.. so your OK..
I am not a big fan of the painted ASEs myself but think you got a very deal at $1 over spot for them and the other ones too. TC
$1 over spot was a good deal. There isn't any way to get the paint off without obviously damaging the coin, and no reason to try.
I think you got a pretty good deal, but like the rest I am not a fan of defacing coins with paint, stickers, colorization, or whatever these clowns are doing these days to make a buck.
thats cool my shop has the tarnished ase's for generic prices i just baking soda them and put them in my collection
What you call tarnish, others might consider toning. The coins were probably worth more before you cleaned them than after.
no i ment like fire burnt i love mysself some toning but these were horrible it took longer then normal to remove this gunk
baking soda info? Anyone: Please tell me more about "baking soda". Is that safer than ivory and warm water?
Horrible. Baking soda is very abrasive. But this does answer the question about what is more valuable, a finely kept ASE without toning, or one that's been fingered up, painted, or some Dr. put silver toning goop on.
Painted, disfigured, damaged ASE's are a bit of a crap shoot. If the price of silver zooms, no problem. If silver goes down and stays down, it will be payback time until everyone forgets that silver once traded above $15.
A damaged ASE is still better than a perfect silver round or bar. With the ASE, you always know the exact weight and purity. With generic silver, you never know for sure without an assay. A couple of years ago I purchased several ASEs slabbed MS64 by PCI for a significant discount to the spot price. Apparently the discount was due to the fact that they weren't "perfect" MS69-70 quality. But crack them out and they look perfectly fine. It's crazy.
I am buying rounds as well as ASE (not many) , inless one is talking about a SHTF deal silver is just silver right? I know ASE are backed by U.S gov but to sell them back (@ a profit ) a coin dealer will give me spot for them? More for ASE but then you pay more for them as well. Am i missing something here?
I think what you might be missing is that silver isn't just silver. With ASEs, you know the purity and the weight. When you buy silver rounds or bars, it might say 1 troy ounce, .999 but many are slightly underweight and there is no way to know the real purity without an assay, so they will always sell at a discount.
