I was looking today at the current spot price of silver and then looked at the mintages for the ASE, really high in '08 and '09. Then I looked on ebay at what '96 raw ASEs are selling for. After doing this I came to the conclusion that the number of people collecting these as coins has grown very little, the growth is by far only in the silver bullion aspect as evidenced by the high mintages over the last couple of years. It appears as though the '10 is also going to have a high mintage. If my memory is correct (which it is sometimes not) a raw pristine '96 ASE still sells for about what it did 3 or 4 years ago. Is my conclusion correct you think?
Hi, I'm new to this site and this is my first post! In my humble opinion, ASE's just seem to follow spot and that's about it. I unloaded all mine on ebay for a modest gain and reinvested the money in some common date Certified Peace Dollars. Probably six in one half a dozen in the other but I just enjoy the Peace dollars more.
Agreed. You're pretty much buying an oz of silver and it's going to follow the spot price. Maybe it get's a bump if the Mint stops them in the future but I'm not going to sit on a bunch of ASEs waiting. If you enjoy the Peace Dollars, then it was a good deal. You'll still have the silver with the PDs.
The 1996 already carried a high numismatic premium, and the coin market in general has suffered during the recession.
