ASE date set

dbcoin · March 3, 2011 11:39PM

I have an NGC MS69 Silver date set. I started collecting in 2005 and bought the first 20 years for about $22 each on avg. I've been adding the newer date over the years except for this year. So 25 in all. I looked at them a few days ago and noticed milk spots on a couple including the 1996 which is the only one with a premium.

I don't want them any more and no longer wish to add to the set. I will be selling them at the Parsippany show this weekend. Should I just expect to get the price of bullion for the whole set ($35 or $36 each) or is there any premium at all to the set even with the milk spot on the 96? Would I be out of line to ask $36 each plus a $10 kicker for the 96 even with the milk spots?

Don't PM me an ask to buy them. I don't want the mailing/ins hassle. Just asking for advice.

Ahrensdad · March 3, 2011 11:47PM

$36 is more that fair. Actually I think you could ask spot plus $2-3 and still be pretty fair on these. I am making the assumption that you're not a dealer and will selling to dealers which are set up at the show.

Hope that helps.

Andrew

edited for spelling

derryb · March 3, 2011 11:53PM

<< $36 is more that fair. Actually I think you could ask spot plus $2-3 and still be pretty fair on these. I am making the assumption that you're not a dealer and will selling to dealers which are set up at the show.

Hope that helps.

Andrew

edited for spelling >>

Bullion buyers don't care about spots. $38.50 ea. is not unreasonable and cheaper than most places. You might consider keeping them for silver value or holding a while longer as silver price continues to climb.

gecko109 · March 4, 2011 12:16AM

<< 

<< $36 is more that fair. Actually I think you could ask spot plus $2-3 and still be pretty fair on these. I am making the assumption that you're not a dealer and will selling to dealers which are set up at the show.

Hope that helps.

Andrew

edited for spelling >>

Bullion buyers don't care about spots. $38.50 ea. is not unreasonable and cheaper than most places. You might consider keeping them for silver value or holding a while longer as silver spot continues to climb. >>

A question for the 2 comments above: What dealer is buying ASE's from the general public at $3 over spot? I guess my dealer is a ripjoint at offering just $1.25 over spot!

derryb · March 4, 2011 12:25AM

<< A question for the 2 comments above: What dealer is buying ASE's from the general public at $3 over spot? I guess my dealer is a ripjoint at offering just $1.25 over spot!

>>

One has to assume the OP is selling them at the show as a dealer to a retail buyer. I would hope he's not planning on wholesaling them at the show to a dealer when he could get more for them on the BST.

dbcoin · March 4, 2011 12:34AM

I am not a dealer

I will be selling to a dealer

BST for this is too much of a hassle. After insurance and postage and pay pal fees, I would be down $2/coin easy. Better to get cash at the show.

But what I have heard is these are just bullion. There is no premium what so ever, even on the 1996

Ciccio · March 4, 2011 12:40AM

<< I am not a dealer

I will be selling to a dealer

BST for this is too much of a hassle. After insurance and postage and pay pal fees, I would be down $2/coin easy. Better to get cash at the show.

But what I have heard is these are just bullion. There is no premium what so ever, even on the 1996 >>

I wouldn't call NGC MS69 just bullion.

Ahrensdad · March 4, 2011 12:51AM

<< 

<< 

<< $36 is more that fair. Actually I think you could ask spot plus $2-3 and still be pretty fair on these. I am making the assumption that you're not a dealer and will selling to dealers which are set up at the show.

Hope that helps.

Andrew

edited for spelling >>

Bullion buyers don't care about spots. $38.50 ea. is not unreasonable and cheaper than most places. You might consider keeping them for silver value or holding a while longer as silver spot continues to climb. >>

A question for the 2 comments above: What dealer is buying ASE's from the general public at $3 over spot? I guess my dealer is a ripjoint at offering just $1.25 over spot!

>>

Gecko,
If the majority are nice I think on average it would not be unreasonable for the OP to get a small premuim because of the slab. Note however that I have not said he will get a premium for the 96.
Andrew

derryb · March 4, 2011 12:52AM

<< 

<< I am not a dealer

I will be selling to a dealer

BST for this is too much of a hassle. After insurance and postage and pay pal fees, I would be down $2/coin easy. Better to get cash at the show.

But what I have heard is these are just bullion. There is no premium what so ever, even on the 1996 >>

I wouldn't call NGC MS69 just bullion. >>

With spots - just bullion prices

Ciccio · March 4, 2011 12:57AM

<< 

<< 

<< I am not a dealer

I will be selling to a dealer

BST for this is too much of a hassle. After insurance and postage and pay pal fees, I would be down $2/coin easy. Better to get cash at the show.

But what I have heard is these are just bullion. There is no premium what so ever, even on the 1996 >>

I wouldn't call NGC MS69 just bullion. >>

With spots - just bullion prices >>

Right, but the OP said he found milk spots in just a couple and the 1996.

I think it may worth the hassle of selling them on eBay.

racecap97 · March 6, 2011 1:40AM

What are the "milk" spots, and how did they get there if the coins are in a slab? I just bought a 2005 ASE proof ultra cameo off the bay for $59 shipped last week and haven't found any others that low since.

dbcoin · March 6, 2011 6:41AM

milk spots are something that is not rinsed off when made at the mint. No one knows the exact answer for what they are. Your coin can be slabbed and then turn...in my case years later. They say if you buy from the Mint raw, to rinse in acetone and then distilled water, have them slabbed and they will not get milk spots. I wish PCGS/NGC offered that service

FYI - I sold to a dealer for $37.50 each and he in turn sold to another dealer at the show for $39 each

RedTiger · March 6, 2011 6:58AM

<< milk spots are something that is not rinsed off when made at the mint. No one knows the exact answer for what they are. Your coin can be slabbed and then turn...in my case years later. They say if you buy from the Mint raw, to rinse in acetone and then distilled water, have them slabbed and they will not get milk spots. I wish PCGS/NGC offered that service

FYI - I sold to a dealer for $37.50 each and he in turn sold to another dealer at the show for $39 each >>

The price you got was strong money. Good for you. I am thinking that you have some decent dealer connections, because I doubt a newbie walking up would have gotten the same deal selling for cash. I openly wonder how much lower the offer might have been for various profiles of newbies (the little old lady with their deceased husband's coins, the young guy with the inheritance story, the middle age guy in the dealer-style hawaiian shirt and greysheet in hand, etc, etc).

dbcoin · March 6, 2011 7:14AM

I actually offered them for sale on the BST with the caveat I would only sell at Parsippany. One guy who is always at Parsippany made me an offer, I accepted, he paid, we shook hands, and then he re-sold them some time later to another dealer for a little profit. Everyone is happy

racecap97 · March 6, 2011 10:18AM

<< milk spots are something that is not rinsed off when made at the mint. No one knows the exact answer for what they are. Your coin can be slabbed and then turn...in my case years later. They say if you buy from the Mint raw, to rinse in acetone and then distilled water, have them slabbed and they will not get milk spots. I wish PCGS/NGC offered that service

FYI - I sold to a dealer for $37.50 each and he in turn sold to another dealer at the show for $39 each >>

Is doing the rinse thing considered cleaning the coins, and does that do anything to the value of the coin? I'm not much of a coin collector, more a currency collector and cleaning/doctoring currency is a huge no no. Wasn't sure if this would be the same thing only with a coin.

dbcoin · March 6, 2011 10:24AM

rinsing with acetone and then distilled water is not considered cleaning. It just gets rid of surface contaminants

racecap97 · March 6, 2011 10:40AM

Could you have cracked them out of their holders and then rinsed them like that to clean off the "milk" spots or is it too late by the time they show up?

dbcoin · March 6, 2011 10:43AM

too late at that point

At one time PCGS was offering a $10k reward to anyone who could pinpoint the exact cause of the milk spots

AnkurJ · March 6, 2011 9:35PM

<< I actually offered them for sale on the BST with the caveat I would only sell at Parsippany. One guy who is always at Parsippany made me an offer, I accepted, he paid, we shook hands, and then he re-sold them some time later to another dealer for a little profit. Everyone is happy >>

I'm sure the dealer who bought them from me is also thrilled with silver continuing to rise! Who would have thunk it?

OPA · March 6, 2011 10:15PM

<< too late at that point

At one time PCGS was offering a $10k reward to anyone who could pinpoint the exact cause of the milk spots >>

Actually they are offering $50k & I believe the offer still stands.

racecap97 · March 7, 2011 11:23AM

I think there may be a very very light one on the coin that I purchased. There is definatly a small cloudish circle at the bottom of the reverse of the coin thats under the plastic holder, I believe its on the coin. Not visible in photos. I have to tilt the coin to be able to see it in the reflection of the light. Is this the same thing? Would that mean my coin is pretty much worthless as well? Now i'm a little paranoid about collecting these.

ASE date set

Comments