Thoughts/Opinions on 2008 ASE's
halfhunter
Posts: 2,770 ✭✭✭
As some of you may know I'm a big fan of the American Silver Eagle! 
And in keeping with the spirit of
THIS thread, I'd like to pose some questions/thoughts/opinions:
The Proof ASE is done for the year. Final sales/mintage of 712,633. I read an article/blog somewhere that prices on these will continue rise as the large volume dealer's supplies run out. With nearly a 3/4 million mintage, can the price increases continue up as folks who missed the boat fulfill their needs for collections & gifts? They are already bringing significant premiums on the bay. . . Is a temporary phenom or will this be a long term premium coin?
The '08-W burnished ASE sales so far (as of 10/30) are 391,973. When the current supply (of returns LOL) runs out, there won't be anymore minted as the Mint is "under-the-gun" to supply the insatiable appetite for the bullion coins.
Following these week to week, the sales figures aren't rising very much. Will there be a last minute rush to buy these at the inflated $25 price? Will these become the KEY to the burnished "W" series?
Inserting an EDIT here: How closely/accurately does the mint deduct the returned numbers from the posted sales numbers? Could it be that the actual sales of the '08-Ws are way less than the Mint's figures would indicate?
I also see prices for the '08 bullion strike ASEs above earlier dated pieces.
It looks like the 2008 mintage on these will go well over 20 million for the year, a new record. With this mintage, why would one pay a premium for these over the eariler dates?
Also, how are the prices of the 08/07-Ws holding up? Haven't checked on these lately.
Just some random thoughts and points to ponder! I've been thinking about this for awhile but didn't want to post on the USCF because we're talking bullion & I don't need the hassle from the self proclaimed forum police over there!
Stack'um High!
John
And in keeping with the spirit of THIS thread, I'd like to pose some questions/thoughts/opinions:
The Proof ASE is done for the year. Final sales/mintage of 712,633. I read an article/blog somewhere that prices on these will continue rise as the large volume dealer's supplies run out. With nearly a 3/4 million mintage, can the price increases continue up as folks who missed the boat fulfill their needs for collections & gifts? They are already bringing significant premiums on the bay. . . Is a temporary phenom or will this be a long term premium coin?
The '08-W burnished ASE sales so far (as of 10/30) are 391,973. When the current supply (of returns LOL) runs out, there won't be anymore minted as the Mint is "under-the-gun" to supply the insatiable appetite for the bullion coins.
Following these week to week, the sales figures aren't rising very much. Will there be a last minute rush to buy these at the inflated $25 price? Will these become the KEY to the burnished "W" series?
Inserting an EDIT here: How closely/accurately does the mint deduct the returned numbers from the posted sales numbers? Could it be that the actual sales of the '08-Ws are way less than the Mint's figures would indicate?
I also see prices for the '08 bullion strike ASEs above earlier dated pieces.
It looks like the 2008 mintage on these will go well over 20 million for the year, a new record. With this mintage, why would one pay a premium for these over the eariler dates?
Also, how are the prices of the 08/07-Ws holding up? Haven't checked on these lately.
Just some random thoughts and points to ponder! I've been thinking about this for awhile but didn't want to post on the USCF because we're talking bullion & I don't need the hassle from the self proclaimed forum police over there!
Stack'um High!
John
Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
0
Comments
American Silver Eagle Bullion version
W Burnished Version
Reverse of 2007 version
otherwise i would rather collect walking liberty half dollars and leave
this retread bullion round behind.
<< <i>my first thought when it comes to ASEs is overpriced for what you get. that is about it.
otherwise i would rather collect walking liberty half dollars and leave
this retread bullion round behind. >>
Tell us what you REALLY think
<< <i>
<< <i>my first thought when it comes to ASEs is overpriced for what you get. that is about it.
otherwise i would rather collect walking liberty half dollars and leave
this retread bullion round behind. >>
Tell us what you REALLY think
i thought i just did?
people get into this fancy pants talk of mintages and different
finishes and etc... when that is just a way to make more money
off collectors while interest is hot. soon the tide will turn, as it always
does on things labeled "collectible" and these will have very little
premium left to them above melt and the ones which were priced
so high to begin with, they retain some of that value.
It always happens. That is the fate of collectibles in the short term.
There are so few exceptions to that rule. It is hilarious people keep thinking
a bubble will take place and never POP!
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>
<< <i>
<< <i>my first thought when it comes to ASEs is overpriced for what you get. that is about it.
otherwise i would rather collect walking liberty half dollars and leave
this retread bullion round behind. >>
Tell us what you REALLY think
i thought i just did?
people get into this fancy pants talk of mintages and different
finishes and etc... when that is just a way to make more money
off collectors while interest is hot. soon the tide will turn, as it always
does on things labeled "collectible" and these will have very little
premium left to them above melt and the ones which were priced
so high to begin with, they retain some of that value.
It always happens. That is the fate of collectibles in the short term.
There are so few exceptions to that rule. It is hilarious people keep thinking
a bubble will take place and never POP! >>
OK.... much better
<< <i>
<< <i>
<< <i>my first thought when it comes to ASEs is overpriced for what you get. that is about it.
otherwise i would rather collect walking liberty half dollars and leave
this retread bullion round behind. >>
Tell us what you REALLY think
i thought i just did?
people get into this fancy pants talk of mintages and different
finishes and etc... when that is just a way to make more money
off collectors while interest is hot. soon the tide will turn, as it always
does on things labeled "collectible" and these will have very little
premium left to them above melt and the ones which were priced
so high to begin with, they retain some of that value.
It always happens. That is the fate of collectibles in the short term.
There are so few exceptions to that rule. It is hilarious people keep thinking
a bubble will take place and never POP! >>
I agree with you to an extent and realize that not everyone likes or collects/stacks/hoards the same things. . . BUT. . . the proof ASEs from the mid '90s bring a nice premium. The '96 bullion piece still brings good money. The '06-W which originally sold for $19.95 still brings a pretty good price. Not even going to talk about the '95-W Proof. Most have dropped in price from the original frenzy, but still carry a good premium over melt. Maybe it's crazy but that's the market.
Stack'um High!
John
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!