Interesting news about the 1986 & 1987 ASEs

Discussion in 'Bullion Investing' started by LA_Geezer, Sep 21, 2020.

  1. LA_Geezer

    LA_Geezer Well-Known Member

    I didn't know what to make of this, but Mezak claimed to be offering news that should interest collectors on his first new show of this season last night.

    That news is that, based on Freedom of Information obtained from the Treasury, the conventional wisdom that ALL of the early bullion coins were minted in Philadelphia is incorrect. In fact, the first two years of the standard bullion coin, 1986 and 1987, were actually and solely minted in San Francisco. He says that for years the collector world was operating on an incorrect assumption, pointing out that the document from the Treasury Department indicates that Philadelphia did not start minting the coins until 1988.

    Mezak was touting these, certified to be either MS70 & MS69, in a newly-designed NGC slab at an outlandish prices. He also mentioned the 1996 mintage to be the next sleeper with values in the high grades approaching six figures.

    OK, just so you know.
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  3. Treashunt

    Treashunt The Other Frank

    wow, thank you, Mezak for correcting our misunderstanding after all of these years.

    Now, I have to go to their web site and buy a few rolls of the.
    LA_Geezer and fretboard like this.
  4. slackaction1

    slackaction1 Supporter! Supporter

    I find it hard to believe that it got by this forum here....... with all of our top notch collectors in this forum...
  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I just happen to have a raw 1986 with beautiful toning still in its clam-shell case. Maybe I should call Mike "The Mouth" and offer to sell it to him for $5,000.00.
    Terrifrompa and slackaction1 like this.
  6. Clawcoins

    Clawcoins Well-Known Member

    wow, now I can get them slabbed as San Francisco Mint and sell 'em for much more from the Philly identified ones !!
    not !!

    Terrifrompa and slackaction1 like this.
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    After 30 plus years I don't think it matters.
    Terrifrompa likes this.
  8. medoraman

    medoraman Supporter! Supporter

    While I guess its somewhat interesting that they were struck in SF, I wonder how Mezak will profit? If ALL 86's and 87s are SF, why buy HIS at HIS high prices?
    Randy Abercrombie likes this.
  9. Insider

    Insider Talent on loan from...

    Because NGC made a "special" label for them! :hilarious::hilarious::hilarious::hilarious::hilarious::hilarious::hilarious::hilarious::hilarious:
  10. fretboard

    fretboard Defender of Old Coinage!

    You're right it don't matter one bit, but Mezack will put a spin on it and sell em' like hot cakes! There are tons of grandmas out there who watch his show and they think he's an honest man! laughhard.gif Unfortunately, they really suck it up! :D
  11. Santinidollar

    Santinidollar Supporter! Supporter

    Who with half a brain could possibly care? They could have been minted in Sioux Falls and it wouldn’t make any difference.
    fretboard and Randy Abercrombie like this.
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    Unfortunately most people don't understand that an ounce of silver is just an ounce, no matter where it was made. The same applies to all other pm's.
    FryDaddyJr and Santinidollar like this.
  13. Santinidollar

    Santinidollar Supporter! Supporter

    A lot of us understand that. The problem is there’s an entire cottage industry, including HSN, that has people’s ears. The HSN exhibition last night with those ASEs bordered on the criminal. And NGC needs to take a bow for enabling it. It was inexcusable.
  14. Collecting Nut

    Collecting Nut Borderline Hoarder

    That's one reason I do not have TV.
  15. baseball21

    baseball21 Well-Known Member

    That would actually make a massive difference being the only US coins minted from Sioux Falls

    Only if you deny the entire existence of numismatic value
  16. fretboard

    fretboard Defender of Old Coinage!

    Absolutely, no mint marks so it wouldn't have mattered one way or another! Mezack is full of crap, everyone knows that! :D
    LA_Geezer likes this.
  17. LA_Geezer

    LA_Geezer Well-Known Member

    I can't speak to that. I am relatively new here and often wonder about these top notch collectors you mention.

    AFAIAC, whether Mezak really did offer anything of interest, it would be only to some persons, and I'm really not one of them. I could care less whether these were struck in Lolapalooza or Timbuktu. I do realize though, that there are those who would pay big money for one of these early coins in one of those special slabs.
    Randy Abercrombie likes this.
  18. Santinidollar

    Santinidollar Supporter! Supporter

    If a small portion — or even half — of those ASEs had been struck with a mint mark in San Francisco, then they would have had some collector value. But apparently, they were all struck in SF without a mark. Putting those in custom slabs designating SF is, at best, disingenuous, IMHO.
    slackaction1 and fretboard like this.
  19. LA_Geezer

    LA_Geezer Well-Known Member

    My thoughts exactly, although this whole business of the Freedom of Information act must count for somebody. I accept that I'm far from a top notch coin collector, it's just the nostalgia my dad imposed on my little brother and me when we were boys. I take things pretty much at what seems like facts, one 1986 ASE is just as good as most others.

    Disingenuous, though? Maybe not, just the possibility that some will buy something for a high price while others will not.
  20. serdogthehound

    serdogthehound Active Member

    They are nice Slabs and are said to be limited to 2000. That said unlike say a 2020 "Emergency issue" the special slab means nothing and it will not hold its value long term at lest I don't think
    LA_Geezer likes this.
  21. yakpoo

    yakpoo Member

    Half the enjoyment of owning a San Francisco minted coin is seeing the "S" on it. :D
    Mike Davis and Santinidollar like this.
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