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What do you think of the value? 69slabbed ASEs

tneigtneig Posts: 1,505 ✭✭✭
in Precious Metals
1986 NGC MS69 $1 Silver American Eagle Coin
(2) 2011-(S) PCGS MS69 $1 Silver American Eagle Coin (First Strike, Struck at San Francisco)

I'd think just a few bucks more then basic?
COA

Comments

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>1986 NGC MS69 $1 Silver American Eagle Coin
    (2) 2011-(S) PCGS MS69 $1 Silver American Eagle Coin (First Strike, Struck at San Francisco)

    I'd think just a few bucks more then basic? >>



    Considered bullion, and don't expect much more than $3 over spot.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    A regular PCGS MS69 ASE is worth a small premium. The PCGS MS69 ASE's with the San Francisco Mint origin noted on the label have a slightly larger premium in the right venue such as eBay. Basicly, any ASE graded less than MS70 is a bullion coin that carries only a modest premium if any.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • cohodkcohodk Posts: 19,095 ✭✭✭✭✭


    << <i>

    << <i>1986 NGC MS69 $1 Silver American Eagle Coin
    (2) 2011-(S) PCGS MS69 $1 Silver American Eagle Coin (First Strike, Struck at San Francisco)

    I'd think just a few bucks more then basic? >>



    Considered bullion, and don't expect much more than $3 over spot. >>



    I largely agree, however if my dealer is paying spot, then why should I pay a 10% premium? You certainly wouldnt pay 10% over for a new car, would you?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • tneigtneig Posts: 1,505 ✭✭✭
    Its got to cost more just to slab them. Either someone submits a bunch hoping for a 70,
    Or one of the secondary govmint type mints has them done and (as I noticed) sells them at a higher premium.

    oh, BTW: The set was on craigs for $175 or OBO.

    My Littleton ASEs in Plastic are just as valuable/good and cost me spot +1.
    COA
  • MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>1986 NGC MS69 $1 Silver American Eagle Coin
    (2) 2011-(S) PCGS MS69 $1 Silver American Eagle Coin (First Strike, Struck at San Francisco)

    I'd think just a few bucks more then basic? >>



    Considered bullion, and don't expect much more than $3 over spot. >>



    I largely agree, however if my dealer is paying spot, then why should I pay a 10% premium? You certainly wouldnt pay 10% over for a new car, would you? >>




    once the dealer finds out you pay spot, the dealer will pay 10% under spot. Although you and the dealer may both get deas at spot. Good things happen.

    What overhead are you going to mention when you justify paying 10% under market?
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Its got to cost more just to slab them. Either someone submits a bunch hoping for a 70,
    Or one of the secondary govmint type mints has them done and (as I noticed) sells them at a higher premium.

    oh, BTW: The set was on craigs for $175 or OBO.

    My Littleton ASEs in Plastic are just as valuable/good and cost me spot +1. >>



    The Mint sells the bullion ASE's to Mint Authorized Dealers at spot + $2.00 ( I think ... or $1.75, not sure which though) , who in turn will sell them to their client dealer network. Even Littleton cannot sell them for $1 over spot ... more like $5 - $7 over spot. And after checking out their website, that seems to be the going rate for ungraded bullion ASE's. If on the other hand, a BM store has a bunch on hand, purchased when silver was $20, he might sell them for $1 over spot, but don't hold your breath waiting for that to happen. Most legit dealers, like APMEX or Provident, will buy ASE's @ $1.50 - $2.00 over spot from you.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • guitarwesguitarwes Posts: 9,266 ✭✭✭


    << <i>Its got to cost more just to slab them. Either someone submits a bunch hoping for a 70 >>



    The big boys can send them in for grading in bulk which costs in the area of $8/each on average (I think). They get their 70's and it equals out the profit not made on the 69's. You can find graded 69's for $6-10 over spot.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • cohodkcohodk Posts: 19,095 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>1986 NGC MS69 $1 Silver American Eagle Coin
    (2) 2011-(S) PCGS MS69 $1 Silver American Eagle Coin (First Strike, Struck at San Francisco)

    I'd think just a few bucks more then basic? >>



    Considered bullion, and don't expect much more than $3 over spot. >>



    I largely agree, however if my dealer is paying spot, then why should I pay a 10% premium? You certainly wouldnt pay 10% over for a new car, would you? >>




    once the dealer finds out you pay spot, the dealer will pay 10% under spot. Although you and the dealer may both get deas at spot. Good things happen.

    What overhead are you going to mention when you justify paying 10% under market? >>




    What overhead does the car dealer cite when he sells you the car for 8% under invoice?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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