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

uhr <10%

 

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This may be true depending on the grading company. The second report on this site had 20 out of 25- 70s. Time will tell.

 

I wouldn't touch that line with a ten foot pole........

 

Hey, if ya got in on the first day ($1189) no way you're hurtin'........

 

I disagree. Numismatic coins, like any other collectible worth collecting should retain value over time. Of course the value may fluctuate up or down, just like the value of bullion should fluctuate, but they should retain value over time. If not, you overpaid or bought into a fad.

Example? You buy a 1938-D half dollar for $100 and a set of 20 uncirculated $1 presidental coins for $100. One of them will hold value and should increase. The other should always be worth only face value. If you like the presidential dollars, you should try to find a way to get them close to face value (such as at a bank or directly from the mint)

Btw, i really wasn't trying to be an ******* with my comment earlier. I like items which you could probably call "numismatic bullion". A lot of stuff made by the perth mint would fit into this category with very high prices, beautiful designs, and limited mintage. But like I said, you try sell any of it to a dealer, and he'll give you an offer that is insulting. To actually get a chunk of that premium you originally paid, you're going to have to find a private collector willing to pay the full price, which may or may not be easy. Highly limited mintage means the item is rare, but if it's limited across the entire series, it probably means that the collector base for them is extremely small as well.

 

The worth of a numismatic item isn't what you paid for it. The worth of a numismatic item is what the next buyer is willing to pay for it.

 

Very true statement, however its not limited to just numismatic items. Same is true of stocks, bonds, and gold as well. Nothing has inherent net worth, nothing in this world is worth more than what the next person is willing to pay.

 

But Grandma on the other hand...

 

I got one @$1189 and another @$1495 (first day and last day of sales). My finger hovered over the mouse for a long time on the last one, but with just seconds left, I clicked the mouse! I have to admit...the one I got @$1189 was nicer, but I love them both. :luckyguy: (and they love me!)