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anyone paying the 50% premium on the new ASE W Unc.

derrybderryb Posts: 36,793 ✭✭✭✭✭
in Precious Metals
With silver at $40 and the Mint pricing the new W collector ASE at $60, anyone buying when they go on sale at noon today? I'm not.
Too bad silver coins aren't priced per their PM pricing guide that adjusts weekly with spot.

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • CCC2010CCC2010 Posts: 1,997 ✭✭✭
    Not me either. image
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  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I wonder how many they made in their first production run.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Only one of these I'll be getting will be in the ASE set.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No.... stopped buying these from the mint. If I want any, will be easier - and cheaper - in the post release market. Cheers, RickO
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I think the Mint may have shot themselves in the foot by offering the Anniversary Set, which will definitely diminish demand for the separate "W" issue.

    They might have kept both markets alive by offering the limited issue coins as part of a mixed-bullion set - silver, gold and platinum, or even just silver and gold.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • pitbosspitboss Posts: 8,643 ✭✭✭
    No Way!!!
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭
    Only ones buying are the panic stricken who need to put these in their IRA thinking their retirement will be safe and secure. These are the same people who paid $2000+ for proof AGEs when gold was at 1200. As Mr. T would say, "I pity the fool..."
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    I considered metal holding IRAs, but only for a very short period once I researched them and weighed the pros and cons. I believe that all American Eagles can be held in an IRA.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Not me.
  • nibannynibanny Posts: 2,761 ✭
    Nope! I have even sold the previous 3 editions...
    Waiting for the 25th Set.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    No, way too high a premium!
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • lightcyclerlightcycler Posts: 546 ✭
    Too high a premium.......hmmmmmmmm .......could be setting up for a low mintage. I may buy some. Depends on the first few months of sales and how many go out in the 25th set.
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    There may be a fairly sizeable initial demand for the coin, in order to obtain the First Strike label. Demand may also spike if silver crosses $50 while the 2011-W is still on sale. Both of these factors (plus its inclusion in the Anniversary Set) make it unlikely that the mintage will be extremely low.

    Unless they're offered separately, I think the reverse proof and the 2011-S from the Anniversary Set will be better values in the long run.

    My Adolph A. Weinman signature :)

  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    I will not be buying.
    Montana State Quarter Die Clash

    Box of 20
  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭
    I'll pick up a few.

    maybe get a few in the aftermarket. We'll see.


    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • 1201reset1201reset Posts: 185 ✭✭
    Since many of you aren't buying,
    image
    I'll go ahead and get my normal
    sub of five.

    _Reset
  • pitbosspitboss Posts: 8,643 ✭✭✭

    I had 20 orderede but cancelled them. Too expensive for me with the anniversary sets coming out.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I'd rather save up and get the 25th anniv set
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  • fishcookerfishcooker Posts: 3,446 ✭✭
    Other options are more attractive.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    I might pick one up on eBay in the future at below Mint issue price or wait for the AP's to dump their load of thousands PCGS graded 70's FS.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>I might pick one up on eBay in the future at below Mint issue price or wait for the AP's to dump their load of thousands PCGS graded 70's FS. >>



    That is what I was thinking. Why roll the dice on something hoping for a 70 FS when you should be able to get what you want for a lesser price later.
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
    All good points.

    But for me, I've taking the dollar cost averaging approach: I get one or a couple of every issue when they issue it. For some I overpay. For some, they turn out to be low mintages or rarities/high demand down the road for other reasons, and I do well. Beats trying to outmaneuver the Mint at every turn.

    Here's a warning parable for coin collectors...



  • SwampboySwampboy Posts: 12,987 ✭✭✭✭✭


    << <i>All good points.

    But for me, I've taking the dollar cost averaging approach: I get one or a couple of every issue when they issue it. For some I overpay. For some, they turn out to be low mintages or rarities/high demand down the road for other reasons, and I do well. Beats trying to outmaneuver the Mint at every turn. >>



    What he said.
    I've overpaid for every silver bullion product I've bought form the mint the last six years and have been happy to have done so.
    If I get left holding the bag on this issue it's small potatoes.

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I really haven't had any vested interest in ASEs since 1995, except for the Anniversary Sets...

    However, there is one lingering comment that keeps ringing in my head - a comment by ericj in his book.....

    Something to the effect that, "Silver Eagles are the new Morgans, and the burnished "W"s are the new "CC"s.

    And this year looks to be the lowest mintage in the "W"s, in my estimation.

    I'm just sayin'. I haven't decided on these yet, myself.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭
    not here. no way
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>I'd rather save up and get the 25th anniv set >>



    image
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    I ordered a couple. Also think that they will issue the "S" UNC as a single later on . . . JMO.

    Silver will be $60 by the end of the year anyway ! ! ! image

    image

    HH
    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!
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>I ordered a couple. Also think that they will issue the "S" UNC as a single later on . . . JMO.

    Silver will be $60 by the end of the year anyway ! ! ! image

    image

    HH >>



    Been drinking to much Kool Aide or reading to much internet bs?..... Neither is gonna happen.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭


    << <i>

    << <i>I ordered a couple. Also think that they will issue the "S" UNC as a single later on . . . JMO.

    Silver will be $60 by the end of the year anyway ! ! ! image

    image

    HH >>



    Been drinking to much Kool Aide or reading to much internet bs?..... Neither is gonna happen. >>




    Guilty as charged ! ! ! image

    BUT . . . We'll see . . . image

    HH
    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!
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    You guys order up and make the couple I got a year or 2 ago with the W worth some more. K, thanks.
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