anyone who would buy a 25th Anv ASE set is INSANE?

Discussion in 'Bullion Investing' started by fatima, Nov 10, 2011.

  1. fretboard

    fretboard Defender of Old Coinage!

    This is for people who weren't able to get one of these ASE sets from the US Mint! One of our own members (flyers10) is gonna be offering a contest to win a set at cost!! Here's the link! I think he is still waiting to receive the sets from NGC that's right, the winner has the opportunity to win for cost a graded set. Yea!!

    http://www.cointalk.com/t194921/
     

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  3. Danr

    Danr Numismatist

    completed listings are limited to a couple of days and also limited by search terms
     
  4. Scotto

    Scotto I collect what I like

    I missed out on the sale:( As for paying ebay prices... I will wait for the dust to settle. Plenty minted and the price will come down.
     
  5. fatima

    fatima Junior Member

    It sounded to me as if you didn't like the fellow's post and said it to mock him. No matter. Furthermore the question you asked "do you think proofs are junk?" IMO was more of the same. There is no yes or no answer to that question as it depends upon the coin. The party gave his opinion that he wanted to collect coins with history and events around them and clearly the ASE isn't one of those, proof or not. This isn't being a "purist" as you call it and it doesn't cost an arm and a leg either.
     
  6. blitzen

    blitzen Member

    No mocking intended whatsoever. I guess message boards are subject to misinterpretations at times. He made a point that he meant no offense with his opinion and I made the point that I took no offense to it. In fact I said it was okay if the some people will never accept a designated hitter as real baseball. I only posed the proof question because he stated that he considered only coins intended for circulation were valid for his coin collecting standard. Did he extend that to say Morgan proofs, or Franklin proofs or any other proofs not intended for circulation? I wondered if he'd thought that all the way through or if I was trying to read too much into it. Of course you're right about there not being a right or wrong answer. My opinion?....worthless, not ASE's, not designated hitters, not classics...my opinion is:)
     
  7. Siwash

    Siwash Senior Member

    They will have prise my 25th Anniversary ASE set from my cold fingers. . .
     
  8. blitzen

    blitzen Member

    ...well said:confused:, :p
     
  9. x115

    x115 Collector

    I think there is many ways to analyze it. but we should not hate on those who missed out and are willing to purchase a set on the secondary market. some of us had to take a nonpaying day off to order from the mint so we may not have gotten these sets as cheap as people think. milk cost $5 but am I insane for not buying a cow instead ?
     
  10. Guano

    Guano New Member

    I'll be buying these sets for no more than 5% over melt in 5 years. When will you guys learn the basic fundamentals of collectables.
     
  11. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Guano speakin' guano........
     
  12. ratio411

    ratio411 Active Member

    They are limited to 90 days. (Unless it has changed recently?)
    How many days have these been in hand to sell?
    Enough to determine there haven't been 10k on eBay already.
    If you can prove such an outlandish claim, bring it.

    Edit:
    I did a search using the most basic terms possible and only came up with 174.
    Many of those weren't successful sales, or (due to basic terms) not correct items.
     
  13. ratio411

    ratio411 Active Member

    That's going a bit far.
    That's like saying you can buy a 2006 RP now for that money.
    Unless silver prices go to the moon, you won't be buying these for 5% over melt.
     
  14. Guano

    Guano New Member

    Just this week I bought five 1986 Proof American Silver Eagles for $225. Pretty much all older commemorative and proof sets sell for less than issue price or sell for melt price. If it's sold as a collectible it will never be a collectible, with a mintage of 100k its not rare at all.
     
  15. x115

    x115 Collector

    you left two zero's off, 500% over melt.
     
  16. x115

    x115 Collector

    I'm not much of an ASE collector,and the price of ASE'S do go up & down , but the 2006 anniversary set has proven to be a very collectible set, and so has 2011 anniversary set.
     
  17. blitzen

    blitzen Member

    You got a great deal that isn't typical. A quick internet search showed most asking over $400.
     
  18. Danr

    Danr Numismatist

    14 days
    "2011 silver eagle set" brings up 350 with many being 5 sets- other search terms will yield different numbers of closed auctions. 33 of the first 100 did not sell - 10 K may be optimistic between 3 or 4 K maybe
     
  19. phdunay

    phdunay Member

    I think everybody who is saying that these sets will go down the drain is angry because they couldn't get one.
     
  20. giorgio11

    giorgio11 Senior Numismatist

    That's absurd. I'm not sure if it's bat guano or horse guano but it's definitely ... guano! The 2006 3-pc sets, closest comparison, are wholesale Bid at $315, which is about 218% over melt ($99). Five years later might add. I've been collecting for 50 years and dealing for 20. How about you?
     
  21. Vess1

    Vess1 CT SP VIP

    You're out of your mind.
     
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