ASE vs other mints

Discussion in 'Bullion Investing' started by Steven Hufschmidt, Mar 1, 2018.

  1. Ok I was looking at bullion this morning and heres the ? Does it matter which bullion mint coin you buy, as lomg as you get the cheapest price? Meaning there are ASE, Maple leafs, Britannias, Libertads, etc, etc. The reason I ask is, I have heard people say you get a lower rate of return on anything that's not a ASE. This makes no sense to me since 1oz of silver is just an oz of silver.
    Right now on JMBullion 1oz Britannia $17.98 Uncirculated ASE 1oz $18.39 both varied year. Does it matter which mint, they are both just 1oz of silver in the end.
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  3. Clawcoins

    Clawcoins Well-Known Member

    Why are your buying Silver?
    just "as a bullion" hoarder/saver? Do you value it ONLY as bullion and not numismatic ?

    Do you use any of your assets as leverage/collateral with a financial institution for anything?

    If you plan on selling it at some point do you know how you are going to sell it .. strictly as "bullion" at spot or spot + premium ?

    Every one varies on why they collect silver. For me, I ONLY buy ASEs. But I've bought other fancy trinket silver rounds (very few though) with neat designs on them for that reason only.
    Randy Abercrombie likes this.
  4. I buy silver bullion just for the long run investment, I do buy very few proof silver, for the collector aspect. i just dont see the point in buying bullion coins for collecting purposes, or why people say any other bullion coin besides ASE is a bad investment.
  5. Clawcoins

    Clawcoins Well-Known Member

    The ASE (AGE, APE, etc) are minted by the US Government. So ppl may "repect" that especially if they live in the US.

    Other than that ... excluding buying Proofs for collecting, I'd probably by Silver in small bars rather than "rounds" for a long term investment.

    But the important part is making sure you know where and how to sell that physical investment in the future. An ASE is more widely recognized by those not normally accustomed to the silver trade.

    But then, I do have to say, I haven't sold any of my ASEs except for 1 tube back in 2008ish for $$, which was bought in 1997 .. so there was a definite profit there.
  6. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I think you are spot on. Wasn't this the whole premise behind the 19th century Trade dollars?
  7. Yea thats all good points, just trying to see where people stood on the matter.
  8. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I think @Clawcoins was dead on point. I hoard bulk silver myself. If your personal interest lies in spot value alone, then yes something other than Eagles are a less costly investment. Personally speaking, I appreciate the numismatic value. I hoard rolls of cull silver dollars as well as rolls of Eagles. Also have "decorative" silver in all sorts of shapes & sizes that I care little about. Has nothing at all to do with long term investment for me personally. All my silver will be inherited by my kids and grandkids when I leave this party. I personally just like US minted stuff. Simple as that.
  9. lovecoinswalkingliberty

    lovecoinswalkingliberty P/D/D/O/S/C/W/CC mints

  10. Don P

    Don P Member

    As other members have said above, the ASEs are the most easy to liquidate.

    A few months ago, I was at my coin shop looking over some of their stuff for an hour. In that time period, he had four different people ask if he had ASEs in stock to sell <----That about summed it for me. Of course I'm in the USA, so your area might vary.

    Also, never pass up a good deal if you see one, no matter what the coin is. I was at an estate sale last summer and bout a handful of walking half dollars for $4 each. I'm not an avid collector, but found a good deal too hard to pass up !
  11. baseball21

    baseball21 Well-Known Member

    Silver isn’t just silver. It’s not all created equally. Excluding any collectibility premiums, trusted sources enjoy a premium over things that people have no idea what they are
  12. TheFinn

    TheFinn Well-Known Member

    I like the Canadian Maple Leafs. They are .9999 Fine Silver (the ASE is only .999 Fine, and that isn't even stamped on the coin), so you are actually getting purer silver for less money. Plus they have better anti-counterfeiting technology than the ASE, and are as well known as the ASE. If I can save $1 an ounce for a better product, it's a no-brainer to me.
    Steven Hufschmidt likes this.
  13. mikenoodle

    mikenoodle The Village Idiot

    Here's an angle that nobody has covered yet, either:

    If people buy something as a bullion coin and a collectible coin, then there is more pressure on the market for these items. The result is a higher price paid for that item.
  14. Bman33

    Bman33 Well-Known Member

    ASE's are the main course for me. Then Junk 90%. Anything else would have to be a great deal.
    SilverMike likes this.
  15. medoraman

    medoraman Supporter! Supporter

    And they have massive milk spots for free!

    Seriously, I will never again buy a canadian product until they fix the random milk spot issue. To many past purchases now defective bullion.
  16. How can bullion be defective? Is it not still an Oz of silver? Do the milk spots make it not worth an Oz of silver?
  17. TheFinn

    TheFinn Well-Known Member

    Exactly. I've never seen a milk spot on my SMLs. Must only happen in a slab. We are talking bullion, right, not collectible modern NCLTs.
  18. Clawcoins

    Clawcoins Well-Known Member

    it's apparently not strictly "bullion". They hold a value above bullion to it's mintage, looks and design .. wish there was a word for that ... :angelic:
  19. medoraman

    medoraman Supporter! Supporter

    Do you not pay a premium for world mint bullion? Nominally you should be able to recoup that cost upon sale. If you instead get an inferior product, then you will get inferior prices when it comes time to sell. Milk spot coins lose any kind of premium that you paid for them. That is why I completely disregard any RCM products, since I have had way too many develop milk spots 6 months or three years later, ruining my premium I paid for them initially.
  20. baseball21

    baseball21 Well-Known Member

    Because there's millions of them every year and people want nice looking ones. Spotted ones sell for less and are less liquid
  21. No I do not pay premium for bullion coins, yes there is a markup for the dealer to make a profit over spot, but not a premium for how the coin looks. The only thing that matters in bullion is weight and purity. if you want collectable bullion go buy burnished or proof.
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