Why do some collectors turn there nose up at bullion coins such as ASEs & Gold Eagles

Discussion in 'Coin Chat' started by Luke1988, Sep 14, 2010.

  1. Luke1988

    Luke1988 New Member

    In the MS70 grade i agree but not in MS69 since you can buy all but two SEA's in the series on Ebay graded MS69 for less then it would cost you buying the coins at spot and paying the grading fee's.
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  3. Pocket Change

    Pocket Change Coin Collector


    Got a couple of posters from the Gold/Silver/GetRichQuick forum posting here.

    What the heck is this doing in Coin Talk's main coin thread.

    I don't want to read postings about people who are getting rich selling their silver nickels.

    He He.

    GOD! What a pathetic bunch.
  4. jerseycat10

    jerseycat10 Peace Dollar Connoisseur

    Collectors collect collectibles. There is nothing collectible about a coin that is produced in dramatic quantities, in pristine condition.
  5. Luke1988

    Luke1988 New Member

    So any coin made after like 1964 is not collectible to you then?
  6. Pocket Change

    Pocket Change Coin Collector

    And if I offer the person $5 in USA stamps instead of your fancy edited ASE, what would they say? They sure as heck can't eat your ASE and they can't eat my stamps, but they may need my stamps more so they can send out requests to relatives for more money.

    Your box is way too small for thinkin' - try to get a double-wide.

  7. Luke1988

    Luke1988 New Member

    Just because you live in a double wide does not mean he needs to get one...
  8. edssco

    edssco Junior Member

    $5 in stamps are worth $5 , 5 ASE's are worth $100
    I would take the ASE,s and just send email
  9. Leadfoot

    Leadfoot there is no spoon

    It is a natural, if undesirable, human reaction to look down upon things one doesn't collect. Rationalizations -- sometimes sound, sometimes not so sound -- for such a decision usually soon follow.

    After all, if one didn't "look down upon it" there's no good reason not to collect it.

  10. jerseycat10

    jerseycat10 Peace Dollar Connoisseur

    Business strike coins (before and after 64) are not struck with the eye for detail that bullion coins are. As such, finding high quality gems is exponentially more difficult, giving them an aura of collectibility.
  11. Evom777

    Evom777 Make mine .999

    I think the only exception to that would be when demand exceeds supply. I look at the 2010 Canadian $5 Olympic issue with the hockey player on it....That coin flew off of every dealers` shelves in my area. They were hot on ebay as well. The same happened with the Australian Koalas. Nobody can keep them on their shelves unless they jack the price up.
  12. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Whoa, Pocket old fellow. This don't sound like you. Me thinks the evil twin has kidnapped Pocket Change....:)
  13. medoraman

    medoraman Supporter! Supporter

    I think the discussion is a good one for the Coin Chat forum. I don't turn my nose up at them, but remember ASE program was designed as a bullion program to simply get rid of the US stockpile of silver. Then it became a money maker for the mint. When I collected US coins, I liked coins, not made for collectors items. Even proof sets I was not a fan of, prefering business strikes.

    I think a lot of collectors simply look at ASE as dated bullion, not coins. I bought a couple of rolls when they came out as a novelty, and simply put them in the back of the safe where they sit today.

    If you like them, then good for you, literally. I hope you have the best time collecting them, learn to spot scarce issues for little money, and just have a heck of a good time doing it. Nothing is worthless to collect, especially when you have a good time doing it.
  14. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    If you had bought the '95W in the 5 coin set, back when it was offered from the mint, and sold off all of the gold coins, your cost for the silver eagle probably would have been about $200. Look and see what that shekel is going for today.......
  15. GDJMSP

    GDJMSP Numismatist Moderator

    Half of what was going for a couple years ago.
  16. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Sí, but still a sizable outlay.....
  17. Anything can be a collectible as long as someone wants to collect it. ;) TC
  18. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    And that, in essence, is what it's all about. We collectors seem to congregate on this site....:)
  19. 10gary22

    10gary22 Junior Member

    That only comes into play if you are going to sell it. I mean "paper value" like stocks. The value to you is what it brings in at time of sale. I mean, I didn't sell some things when they were "worth" much more than if I were to sell today. But I am not selling them today either. So the roller coaster ride is only there in our minds. Like you, I still have my stuff and the "value" is certain to fluctuate. But the constant is that you still have it.

  20. CheetahCats

    CheetahCats Colonial & Early American

    I concur.
  21. Leadfoot

    Leadfoot there is no spoon

    For those of you who belittle this series:

    Do you think coin collectors of the 1870's said the same thing about trade dollars?

    How did that work out?

    Collect what you like, and recognize each of us rightfully collect what appeals to us.
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