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2016-W ASE?

BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
edited December 1, 2016 7:12AM in Precious Metals

$45? Are they nuts at the Mint?

theknowitalltroll;

Comments

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    @BAJJERFAN said:
    $45? Are they nuts at the Mint?

    That's a real bargain for a 100 year old ASE. I'll definitely order a few. ;)

    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

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    probably nicely toned by now.

    "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

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    1916-W ASE?
    @BAJJERFAN
    I have not seen any publication of this product... what is your source?? Cheers, RickO

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭

    @ricko said:
    1916-W ASE?
    @BAJJERFAN
    I have not seen any publication of this product... what is your source?? Cheers, RickO

    FIXT LOL.

    theknowitalltroll;
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I thought it may be a typo.... but since it was a bold title, well.... stranger things have happened... :D Thanks for getting back....Cheers, RickO

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭

    The West Point mint warn't even a gleam in Uncle Sam's eye in 1916.

    theknowitalltroll;
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @BAJJERFAN said:
    $45? Are they nuts at the Mint?

    They heard ya; current price 44.95.

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    Possible very short selling period....ordered a "handful"

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭

    @derryb said:

    @BAJJERFAN said:
    $45? Are they nuts at the Mint?

    They heard ya; current price 44.95.

    That was the pre-sale price in the email. My recollection FWIW is that in prior/earlier years the premium wasn't that high.

    theknowitalltroll;
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @OPA said:
    Possible very short selling period....ordered a "handful"

    In the past they have sold them well into the next year.

    "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

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭

    So is this the normal uncirc W coin burnished with edge lettering added or will there be 2 coins, one with LE and one with normal reeded edge?

    theknowitalltroll;
  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @BAJJERFAN said:
    So is this the normal uncirc W coin burnished with edge lettering added or will there be 2 coins, one with LE and one with normal reeded edge?

    Only one coin...burnished with edge lettering.... From what I understand, production must cease by 12/31/2016.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭

    @OPA said:
    From what I understand, production must cease by 12/31/2016.

    What about sales?

    Also, will this coin and its proof counterpart be considered type coins within the series?

    My Adolph A. Weinman signature :)

  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭

    @ricko said:
    1916-W ASE?

    Yup, they made 'em. They were the size of a half dollar with a different reverse. The "W" was part of the designer's initials. :p

    My Adolph A. Weinman signature :)

  • silversirensilversiren Posts: 70 ✭✭✭

    @BAJJERFAN said:
    $45? Are they nuts at the Mint?

    When some of the coins due out this year were first announced, I was VERY excited and eager to pick up the gold commems and the Anniv. Eagles, but the mint really screwed everything up by overcharging and not setting reasonable mintage limits. I keep seeing the gold SLQ and WLH price go down with the spot price, I'm glad I didn't bother, not that there is anything else around worth buying for those looking for nice seminumi coins lately.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @Overdate ...Yep.... you are right.....doggone it, forgot about them.... :D:D:D Cheers, RickO

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭

    @Overdate said:

    @ricko said:
    1916-W ASE?

    Yup, they made 'em. They were the size of a half dollar with a different reverse. The "W" was part of the designer's initials. :p

    3 different varieties too! :)

    theknowitalltroll;
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Very nice BAJJERFAN....a lovely trio indeed.... Cheers, RickO

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    As of 12/2 US Mint revealed that it is no longer striking American Silver Eagles and American Gold Buffalo bullion coins dated for 2016, and that it will continue to sell those that they have already made until they’re gone. How many are left was not disclosed.

    http://www.coinnews.net/2016/12/02/us-mint-2017-bullion-coins-launch-jan-9-production-ends-for-2016s/

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @OPA said:
    As of 12/2 US Mint revealed that it is no longer striking American Silver Eagles and American Gold Buffalo bullion coins dated for 2016, and that it will continue to sell those that they have already made until they’re gone. How many are left was not disclosed.

    http://www.coinnews.net/2016/12/02/us-mint-2017-bullion-coins-launch-jan-9-production-ends-for-2016s/

    Isn't there a different set of rules governing sales of regular bullion and collector coins?

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @derryb said:

    @OPA said:
    As of 12/2 US Mint revealed that it is no longer striking American Silver Eagles and American Gold Buffalo bullion coins dated for 2016, and that it will continue to sell those that they have already made until they’re gone. How many are left was not disclosed.

    http://www.coinnews.net/2016/12/02/us-mint-2017-bullion-coins-launch-jan-9-production-ends-for-2016s/

    Isn't there a different set of rules governing sales of regular bullion and collector coins?

    Good point...I don't know.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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