Painted ASE question

Discussion in 'Bullion Investing' started by xtronic, Jul 28, 2010.

  1. xtronic

    xtronic Junior Member

    Before Krispy yells at me, I searched for this question. I know it must be there somewhere but I could not find it.

    Questions;

    • What is the consensus on painted or colorized ASE, are they less valuable than spot?
    • Provident Metals has some for cheap and I was wondering the difficulty of removing the paint?
    • Should these be views as junk silver as far as value?

    First one to make this post about politics wins! :rolleyes:
     
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    My "vote" is that they are worth no more than melt value, but that doesn't mean that there isn't some Bidiot on SleazeBay who wouldn't pay more for them.

    Chris
     
  4. ice

    ice Just happy to be here

    I consider them junk silver someone gave me one and was all excited about how neat it was a few months ago I soaked it in acetone and got the paint off and you could see the reason it was painted it had all kinds of slide marks and scratches. Ice
     
  5. xtronic

    xtronic Junior Member

    Ya, my concern is that they would be worth less than spot because of the labor involved in removing the paint. But it sounds like the paint is easily removed.
     
  6. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Painted ones are easy to recover with solvent, but if they are enameled paint or even worse vitreous enamel that is fired on the silver ( like cloisonne enameled silver jewelry) it may be less than the value of your time. I have seen both kinds, and the latter are more beautiful and don't scratch off, but heck to remove.

    Jim
     
  7. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    I think I have one of these, somewhere. I wouldn't buy one. But EVERYTHING is collectible. People around here tend to think in very narrow terms about what is and is not collectible, imagining that this is the final word that applies always and everywhere to everyone.
     
  8. cman

    cman Junior Member

    i wld get 1 to hang on a wall but its just painted silver now
     
  9. krispy

    krispy krispy

    LOL! Hey, I'm very proud of you for searching first! :bow:

    I say scoop them up for the good price that they are, and if you like them to collect, do so. As an investment you can't go wrong getting more for your money. The painted ones, even recovered with solvents, may never achieve a numismatic premium if these coins ever cease being minted and I'm pretty sure there is an eventuality to this happening.

    For me, I would not buy the colored ones as I don't like how they look, don't want to recover them and am willing to buy the next quality ASE up.

    For you, I say go for them and Provident is a great place to buy from as well. :thumb:
     
  10. SilverSurfer

    SilverSurfer Whack Job

    If you see any at a dealer's shop you can get a good price on them by asking, "how much for the defaced silver eagles?" This lets the dealer know up front that you aren't fooled by all the pretty paint. Bought some for $17 a piece recently.
     
  11. Numismatist47

    Numismatist47 New Member

    They're worth nothing to me.
     
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