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Are any of the ASE years worth submitting?

tydyetydye Posts: 3,894 ✭✭✭
in Precious Metals
In my stack are many original rolls of ASEs. Are any years worth submitting for resale if I get a 69 or 70. I figure if some are potentially worth 100 I can sell it and then replace with 3 ASEs. I do not have any 96s as I sold those already. My thinking on those was I could get 2 ASEs for one of those.

Comments

  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭
    1996 IMO is the only year that would pay off for MS69 submissions. Everything else is pretty much hit or miss.

    1999 might pan out as well.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • OPAOPA Posts: 17,126 ✭✭✭✭✭
    You get more for your bucks by selling them by the roll on eBay. All are fetching at least $600 - $700+
    Do some research on completed auctions to get a feel.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • WegWeg Posts: 544
    I'm sending in any that have the W mint mark, perhaps I'm wasting money, don't know for sure.
    Remember, I'm pullen for ya; we're all in this together.---Red Green---
  • OPAOPA Posts: 17,126 ✭✭✭✭✭


    << <i>I'm sending in any that have the W mint mark, perhaps I'm wasting money, don't know for sure. >>



    W's are in a different ball game than the bullion rounds, but you still need to do some research to see if it's worth it.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 37,103 ✭✭✭✭✭


    << <i>I'm sending in any that have the W mint mark, perhaps I'm wasting money, don't know for sure. >>


    Leave them in their mint capsules when you submit (less handling and damage to the coin). You can request caps to be returned, sometimes they do, sometimes they don't.

    Repetition of ignorance is ignorance raised to the power two.

  • pitbosspitboss Posts: 8,643 ✭✭✭
    I think the 06W and 08W are worth sending in but not the 07W.
  • tydyetydye Posts: 3,894 ✭✭✭
    Thanks for the advice. Just looking for ways to increase the silver pile without investing money at 30 an oz. Looking to try to skim off some the premium stuff from my current pile for more silver.
  • indiananationalsindiananationals Posts: 1,094
    if ur goal is just more silver sell the eagles straight out and go buy a bunch of junk silver bars/rounds such as happybirthdat mery christmas ones ...u can buy them ceaper than eagle
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  • canadanzcanadanz Posts: 618 ✭✭


    << <i>if ur goal is just more silver sell the eagles straight out and go buy a bunch of junk silver bars/rounds such as happybirthdat mery christmas ones ...u can buy them ceaper than eagle >>



    Which means you would also sell them at a lower price...
  • indiananationalsindiananationals Posts: 1,094
    yes i understand that but he said his main goal was to add more silver
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  • pf70collectorpf70collector Posts: 6,672 ✭✭✭
    I remember insane prices for some of the 87 and 88 NGC MS 70s going in the multiple $1000s a few years back. I don't follow these anymore.
    Montana State Quarter Die Clash

    Box of 20
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>if ur goal is just more silver sell the eagles straight out and go buy a bunch of junk silver bars/rounds such as happybirthdat mery christmas ones ...u can buy them ceaper than eagle >>



    Which means you would also sell them at a lower price... >>







    When silver was around $10/oz in Oct of '08, ASE's sold for about $3 over spot. Generics sold at about $1.25 over spot. Today, ASE's still sell for just $3 over spot even though silver has tripled in price....generics have come down a bit to about 75 cents over. Time to do some math! image



    In Oct of 2008 lets say you had 500 oz of ASE's and sold them all at $13, and then invested that $6,500 into generic rounds. You would then have 578oz worth of generic @ that $11.25 buy price.

    Fast forward to today: (based on $30 silver spot)

    500 ASE's @ $33 each = $16,500

    578 generic oz's @ $30.75 = $17,773

    Converting the ASE's to generics was a WINNING move. As silver prices rise even higher, I suspect that the % of premium over melt on ASE's will continue to diminish....thus making the conversion from all ASE's to all generics a likely long term winning move.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I mostly agree with Phil. ASE's aren't worth the premium to have less Ag.

    Dont know about W mints, but the '96 is the only one worth submitting to try and get ms70. If it isnt just absolutely flawless, you will not get the coveted ms70 garde just sending one or even a few in.
    Your name has to be Robert Chambers and you (if you were Robert Chambers) have to send in hundreds with the hope of getting a few back as ms70. And then you (again, if you were him) would sell them on your tv show for nearly triple what you could buy them for on eBay. image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • indiananationalsindiananationals Posts: 1,094


    << <i>

    << <i>

    << <i>if ur goal is just more silver sell the eagles straight out and go buy a bunch of junk silver bars/rounds such as happybirthdat mery christmas ones ...u can buy them ceaper than eagle >>



    Which means you would also sell them at a lower price... >>







    When silver was around $10/oz in Oct of '08, ASE's sold for about $3 over spot. Generics sold at about $1.25 over spot. Today, ASE's still sell for just $3 over spot even though silver has tripled in price....generics have come down a bit to about 75 cents over. Time to do some math! image



    In Oct of 2008 lets say you had 500 oz of ASE's and sold them all at $13, and then invested that $6,500 into generic rounds. You would then have 578oz worth of generic @ that $11.25 buy price.

    Fast forward to today: (based on $30 silver spot)

    500 ASE's @ $33 each = $16,500

    578 generic oz's @ $30.75 = $17,773

    Converting the ASE's to generics was a WINNING move. As silver prices rise even higher, I suspect that the % of premium over melt on ASE's will continue to diminish....thus making the conversion from all ASE's to all generics a likely long term winning move. >>




    thank u for proving my point with some real facts .....and yes i do agree the higher i goes the less people will care what it is .....
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    gdavis70,Musky1011,cohodk,cucamongacoin,robkool,chumley, drei3ree, Rampage,jmski52, commoncents05, dimples, dcarr, Grouchy, holeinone1972, JonMN34, mission16,meltdown,Omega,PQpeace, SeaEagleCoins, WaterSport, whatsup,Wizard1,WinLoseWin,MMR,49thStateofMind,SamByrd,Ahrensdad,BAJJERFAN,timrutnat,TWQG,CarlWohlforth,Ciccio,PreTurb,NumisMe,Patches,NotSure,luvcoins123,piecesofme,perryhall,nibanny,atarian,airplanenut
  • sbeverlysbeverly Posts: 962 ✭✭✭
    Converting the ASE's to generics was a WINNING move. As silver prices rise even higher, I suspect that the % of premium over melt on ASE's will continue to diminish....thus making the conversion from all ASE's to all generics a likely long term winning move.

    I agree with this, although something else to consider is liquidity. Currently in my local market, if I took 20 ASE's and 20 Christmas rounds
    to my local coin show, The Eagles would sell, but maybe not the rounds. Thats not to say you couldn't find a buyer on ebay or here on the BST.

    As the demand for Silver in general heats up and/or goes mania, this may not not be an issue.

    I always try to look at the exit strategy going into any investment.
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  • goingbrokegoingbroke Posts: 1,410
    I have a 2006 W silver Eagle graded PCGS 70 PR Decam I had to pay $25.00 for it but I bet I could at least get my $25.00 back on the BST if I wanted to.
    Many successful BST transactions ajia
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  • indiananationalsindiananationals Posts: 1,094


    << <i>I have a 2006 W silver Eagle graded PCGS 70 PR Decam I had to pay $25.00 for it but I bet I could at least get my $25.00 back on the BST if I wanted to. >>



    yep let me know when u are selling it for that i will take it
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