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anyone selling the 2011 ASE set for less than a grand is INSANE
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<p>[QUOTE="fatima, post: 1300731, member: 22143"]That article is badly written. The mint has not suspended ASE sales. The law doesn't allow them to do that. </p><p><br /></p><p>The article you posted doesn't make the distinction between the ASE bullion coin program and the ASE collectors coin program. The mint has never stopped production of the bullion coin as the law requires them to make as many as the public demands. The primary customer of these coins are silver buyers not numismatic coin collectors. These coins have never been rationed or held from the public. They are also sold by dealers and not the US Mint. These coins sell for close to spot prices plus dealer premium. The vast majority of ASE buyers fall into this camp. </p><p><br /></p><p>The ASE coins under discussion here are aimed at coin collectors as their cost is higher than the bullion value. This would be the proof coin, reverse proof coin, uncirculated, etc. The law does not require the mint to make these coins so several times in the past, sales were halted so the blanks could be used for the above bullion coin program. This is a much smaller subset of ASE buyers.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1300731, member: 22143"]That article is badly written. The mint has not suspended ASE sales. The law doesn't allow them to do that. The article you posted doesn't make the distinction between the ASE bullion coin program and the ASE collectors coin program. The mint has never stopped production of the bullion coin as the law requires them to make as many as the public demands. The primary customer of these coins are silver buyers not numismatic coin collectors. These coins have never been rationed or held from the public. They are also sold by dealers and not the US Mint. These coins sell for close to spot prices plus dealer premium. The vast majority of ASE buyers fall into this camp. The ASE coins under discussion here are aimed at coin collectors as their cost is higher than the bullion value. This would be the proof coin, reverse proof coin, uncirculated, etc. The law does not require the mint to make these coins so several times in the past, sales were halted so the blanks could be used for the above bullion coin program. This is a much smaller subset of ASE buyers.[/QUOTE]
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