Spent $230 on a ASE!

Discussion in 'Coin Chat' started by BillLeon, Feb 3, 2014.

  1. GDJMSP

    GDJMSP Numismatist Moderator

    What you pay for when you buy one of these coins is not for the coin itself, but rather as a memento of the event.

    Take the coin out of the slab and it's worth no more than it's metal content.
     
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  3. treylxapi47

    treylxapi47 Well-Known Member Dealer

    But as they are now, its the closest thing to an actual 'artifact' commemorating or remembering a significant event that happened in our lifetimes. The story is interesting though and for sure a great conversation starter. I know I love mine and its one of the few coins I display in my home
     
  4. Endeavor

    Endeavor Well-Known Member

    Maybe that's where the boy scout thing comes into play. To smooth things over a little.
     
    BillLeon likes this.
  5. wcoins

    wcoins GEM-ber

    I'd rather spend 50 bucks and get a Titanic coal encased in a coin thing.

    $(KGrHqZHJBwE9rfwHlwCBPibPRCLlQ~~60_3.JPG
     
    Last edited: Feb 4, 2014
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  6. Conder101

    Conder101 Numismatist

    They are legitimate. PCGS was not there at the recovery, the salvagers recovered the coins and took them directly to PCGS signing affidavits that they were from the recovery site. As mentioned the vaults they were recovered from was NOT under the collapsed towers but were from one of the other building on the site.

    There are two different varieties of this slab. The first ones slabbed were NOT officially done by PCGS. They were done by Collectors Universe using PCGS shells. Collectors Universe is the parent company that owns PCGS. All of those coins were dated 2001, they do not have grades just Gem Uncirculated, and they have the Collectors Universe logo on the back not the PCGS logo or hologram. A portion of all the sales of those coins went to the victims funds. The slab you pictured is one of these slabs. Your slab will not be one of these.

    About two months later PCGS got into the act slabbing the recovered coins under their own name with grades and their own hologram and logo on the back. At first all of these coins were dated 2001 as well. After about 6 months all the other stuff started showing up in the PCGS WTC Recovery slabs. Other dates of silver and gold eagles, foreign coins, gold, silver, and platium one oz bars etc. None of the proceeds from the sale of the PCGS slabs went to the victim funds. So your 1991 ASE would have been slabbed somewhere around nine months or later after the fall of the towers.
     
    Last edited: Feb 4, 2014
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  7. treylxapi47

    treylxapi47 Well-Known Member Dealer

    Youd be mighty old if the Titanic sinking happened during your lifetime. I think thats a large part of the appeal. We have a tribute that brings together our hobby and the remembrance of that atrocious day 12.5 years ago. Quite unique and one that played well off the coin collectors
     
  8. McBlzr

    McBlzr Sr Professional Collector

    I remember 9/11/2001 with my NGC Retro Black holder PF70 UC



    100_4567.jpg
     
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  9. wcoins

    wcoins GEM-ber

    You can not compare the Titanic sinking to 9/11. First is the sad story on how the great "unsinkable" ship went down on her maiden voyage, the second one is an awful crime.

    That coal was at the bottom of the Atlantic and recovered, that coin was not in the WTC 1 or 2.

    I wouldn't pay more than a regular 1991 raw gem bu eagle for that coin.
     
  10. treylxapi47

    treylxapi47 Well-Known Member Dealer

    Well could you at least argue my point, which was 9/11 happened in many of our life times, whereas the titanic did not.

    I didn't say that the coal wasn't cool or desirable. I merely said that the sinking likely didn't happen in your life time and that many of us bought the 9/11 coins as OUR choice to memorialize the occasion, You know since it was large scale, tragic event that many of us witnessed love on television.

    I have ZERO interest in a British ship sinking with relation to my life span and history of an AMERICAN tragedy on American soil.

    That's why this ASE coin was bought for myself. To have a physical reminder of that terrible day when I watched hundreds of people die right in front of me. I just don't have that attachment to the RMS Titanic
     
  11. wcoins

    wcoins GEM-ber

    I totally respect your opinion to like and collect the 9/11 PCGS Eagle. I understand that for you is important that the event happened in our life time, to me that's not important.

    I am not 102 yet btw :) but am fascinated with the story of the Titanic. Here's a coin from the Perth mint I picked up, only 5000 made. 25651_2.jpg
     
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  12. treylxapi47

    treylxapi47 Well-Known Member Dealer


    That's a pretty cool coin and I love ships depicted on coins. One of my favorite little side branches.

    I really like the Perth mint stuff on ships but they price their coins entirely too high for me.
     
  13. Endeavor

    Endeavor Well-Known Member

    A little morbid eh?
     
    BillLeon likes this.
  14. Endeavor

    Endeavor Well-Known Member

    I like all things that have ties to historical significance. I respect everyone's own personal preferences on such matters also. With that said, I would rather have something that was on the Titanic. I think it is much more limited being that the ship sank to the depths of the ocean. It's also something that was part of the ship albeit not physically attached. The only part that stinks is that the coin itself wasn't on Titanic and it's just the coal. As for the WTC coins, they just happened to be sitting in a vault down the street from the towers when they were destroyed.

    Don't get me wrong, the WTC coins do have significance and I would love to have one, just saying not as much when comparing it to a Titantic artifact. That's just a personal preference and no one is right or wrong.
     
  15. treylxapi47

    treylxapi47 Well-Known Member Dealer

    Just something to remember it by. Plus when I'm 50-60 years old and my grand kids ask about it ill have something to show them and bring back the memories of where I was and what I was doing at the time b
     
  16. Endeavor

    Endeavor Well-Known Member

    I was at home. I turned on the tv that morning without knowing what had already happened and with obviously no idea of what was yet to come. At the time I turned the tv on only one tower had been struck. My first glimpse of the tv showed the sky full of smoke. I thought they were reporting a volcano eruption somewhere. Then I read the crawl and heard the reporters explanation. I was shocked, but nothing like after the second plane hit. WOAH! Everything spiraled out of control. That was one crazy day.

    Where were you?
     
  17. BillLeon

    BillLeon Member

    9/11 is the REASON I joined the military.
     
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  18. BillLeon

    BillLeon Member

    I was under a desk in 5th grade haha
     
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  19. definer

    definer definitely....! LOL

    I was on my way to work having just passsed the Pentagon maybe by 45 seconds when the Pentagon was hit.
     
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  20. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I think these are an interesting piece of history. I have no problem with them carrying a premium because they are from a known historical event..."morbid" (as someone said) or not. To me, this is no different than the 1861-O Seated Liberty Half Dollar WB-102 variety (die crack). Because of the die marker on that coin...it is known to be from the same obverse die used to strike the CSA half dollar examples.

    Sure, the WB-102 was just a normal half dollar...but it has a unique tie to history that adds value in many people's eyes.

    Just because some of you aren't interested in the 9/11 connection to these coins...doesn't mean they don't carry a premium. Perhaps you wouldn't pay more...but many people would. Remember, something is worth what someone (not necessarily you) is willing to pay.

    And, before it gets asked...no I do not own one of these coins and I never have.
     
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  21. green18

    green18 Unknown member Sweet on Commemorative Coins

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