first day of issue 1 1

[Reno Raines]

On 6/25/2023 at 3:38 PM, powermad5000 said:

I have some ASE's but they have their own special labels such as "WTC recovery". That label means something. I drew the line a long time ago at what to me is purely a marketing gimmick and some guy like Mike Mezack is getting filthy rich off of. 

If I take an MS 70 First Day of Production slab, and I put it right next to a plain graded MS 70 slab, can anybody tell the difference between the COIN in the slabs????? Probably not. So, if I covered the labels and showed them to you first, you wouldn't know the difference between the two.

For myself (mind you not an ASE collector), I have taken that one step further as to the naked eye you can't tell the difference between MS 69 and MS 70. Why pay the 70 premium for a  BULLION coin when you can put together a set of MS 69s for half the price? Other than someone with something to prove making a superior registry set to others, I see no reason to even pay for MS 70 on bullion coins.

I never said that there's anything wrong with collecting any coins (including bullion coins)graded MS69 or lower. If I buy one gold coin and its graded an NGC MS62 and decide to do a set my OCD takes over abd I aim for every coin in the set to be the same grade. I just like you don't believe in label chasing as it has zero effect on the grade of the coin and all I'm buying is the coin on it's own merits.

[GoldFinger1969]

On 6/24/2023 at 7:33 PM, VKurtB said:

Anybody can list them at $110.00, but trust me, I've checked; NOBODY offers more than melt for any of them.

They have SOME premium value, but it changes over time.  Same with 100% silver commemoratives like my National Park Saint-Gaudens "coins."

Edited June 26, 2023 by GoldFinger1969

[GoldFinger1969]

On 6/24/2023 at 9:23 PM, Tony Follis said:

Depending on how much the spot silver price is I usually buy one hundred of the regular version of ASE's and melt them into a one hundred troy ounce bar since there's literally millions of them minted each year. In fact it's roughly a 5:1 ratio in terms of mintage between the regular and burnished versions of ASE's each year. I also would never go to a dealer as any dealer is only going to give you a low ball offer.

You melt ASEs into a single bar ?  I would think you're sacrificing liquidity and marketability.

[Reno Raines]

On 6/25/2023 at 8:26 PM, GoldFinger1969 said:

You melt ASEs into a single bar ?  I would think you're sacrificing liquidity and marketability.

The 100 oz bars of silver I make are just for myself. I do however make 10 oz bars of silver to sell on eBay. If you look up the most popular silver bar that the average person buys you'll see the it's the 10 oz bar. Okay we're way off the original topic of discussion so let's just basically close this subject.

[GoldFinger1969]

On 6/24/2023 at 8:04 PM, J P M said:

Every coin dealer I ever talk to about ASE's and there value or collectability says the same thing.. It is bullion ... 

I think ASEs are worth a SLIGHT premium to pure silver bullion value.

I saw on "Pawn stars" someone come in with a bullion bar that must have weighed over 50 pounts.  I believe it sold for like $70,000 or something like that.  Rick drilled into the big block in 1 or 2 locations, as I recall.  No need to do that with individual ASEs.

Also, more dealers/buyers likely to buy in whole or in part ASEs (give or take a premium) over multi-pound silver blocks.

[GoldFinger1969]

On 6/23/2023 at 9:32 PM, Tony Follis said:

In a post I made on a different thread I did say that everybody has different collecting styles and tastes. However, that doesn't change the fact that you'll loose money on your investment if and when you decide to sell the coin in question as it's only worth as much as what somebody's willing to pay for it at any given time thus at least IMHO it's not worth paying extra money or justifying the cost for a "Special" label.

I generally agree with you there, Tony...HOWEVER....to the extent we are all collectors some of us value certain labels or coins with certain features and are willing to lose money on them or hopefully make less money on them when the underlying PM rises in value.

For instance, while it's not the bulk of my silver collection, I do have some commemoratives that I paid a big premium for (the National Park Saint-Gaudens coins) relative to 1 ounce of silver.

As you and others have said, we are all different here.  To each his own.

[Reno Raines]

On 6/25/2023 at 8:52 PM, GoldFinger1969 said:

I generally agree with you there, Tony...HOWEVER....to the extent we are all collectors some of us value certain labels or coins with certain features and are willing to lose money on them or hopefully make less money on them when the underlying PM rises in value.

For instance, while it's not the bulk of my silver collection, I do have some commemoratives that I paid a big premium for (the National Park Saint-Gaudens coins) relative to 1 ounce of silver.

As you and others have said, we are all different here.  To each his own.

Amen to that.

[Getzri232]

On 6/25/2023 at 9:22 PM, Tony Follis said:

Amen to that.

have coin collection that I want to get rid of 

[Reno Raines]

On 6/25/2023 at 10:33 PM, Getzri232 said:

have coin collection that I want to get rid of 

I only collect NGC MS70 burnished ASE's and gold coins. Please post your advertisement in the coin marketplace in the future.