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<p>[QUOTE="kaparthy, post: 1026981, member: 57463"]It is always best to diversify. Yes, it is true that 90% US is cheaper compared to the spot price of silver. So, is Canadian. You can buy Canadian silver coin, 80%, for less than melt. It is a great bargain. But, when it comes time to sell, you sell at the same range. </p><p><br /></p><p>Just because one coin store near someone pays as little as possible for ASEs says nothing. Who would not pay the least for something that sells well? And that is the point: ASEs sell well.</p><p><br /></p><p>Unlike 90%, which is .7234 oz to the dollar, they are 100% pure and one full ounce. Unlike bullion bars and private rounds, there is no question about who makes them. You and I might know Silvertowne and respect Engelhard, but we know more than most people. ASEs have a floor under them. They are instantly recognizable.</p><p><br /></p><p>Many a time, I have shown a Walker or a Mercury to someone who then says as a question, "Those are pure silver, right?" And when I say, "90%" (or worse yet, 900-fine), their smile disappears and I have facts to explain. With the ASEs, there are no facts to explain.</p><p><br /></p><p>Then, there are the mintages. Some years are rare. If you think a bazillion of anything is not rare, then why does anyone collect American coins? The US Mint struck about 4 to 10 million ASEs per year. Look in the Red Book for coins at similar populations, like Lincoln Cents, Shield, V or Buffalo Nickels, and so on. </p><p><br /></p><p>I agree 100% that we numismatists with our Bank of Upper Canada Tokens, City View Thalers, and Goetz Medals are way smarter about coins than the average person. But that is not the issue. The question is: When you go to sell, where is the value? </p><p><br /></p><p>Granted that you can always pay too much for anything, it remains that you also can find a bad deal selling ASEs ... if you look hard enough...[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 1026981, member: 57463"]It is always best to diversify. Yes, it is true that 90% US is cheaper compared to the spot price of silver. So, is Canadian. You can buy Canadian silver coin, 80%, for less than melt. It is a great bargain. But, when it comes time to sell, you sell at the same range. Just because one coin store near someone pays as little as possible for ASEs says nothing. Who would not pay the least for something that sells well? And that is the point: ASEs sell well. Unlike 90%, which is .7234 oz to the dollar, they are 100% pure and one full ounce. Unlike bullion bars and private rounds, there is no question about who makes them. You and I might know Silvertowne and respect Engelhard, but we know more than most people. ASEs have a floor under them. They are instantly recognizable. Many a time, I have shown a Walker or a Mercury to someone who then says as a question, "Those are pure silver, right?" And when I say, "90%" (or worse yet, 900-fine), their smile disappears and I have facts to explain. With the ASEs, there are no facts to explain. Then, there are the mintages. Some years are rare. If you think a bazillion of anything is not rare, then why does anyone collect American coins? The US Mint struck about 4 to 10 million ASEs per year. Look in the Red Book for coins at similar populations, like Lincoln Cents, Shield, V or Buffalo Nickels, and so on. I agree 100% that we numismatists with our Bank of Upper Canada Tokens, City View Thalers, and Goetz Medals are way smarter about coins than the average person. But that is not the issue. The question is: When you go to sell, where is the value? Granted that you can always pay too much for anything, it remains that you also can find a bad deal selling ASEs ... if you look hard enough...[/QUOTE]
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