Sticker Shock.... 2013 ASE Proof $62.95

DuPapa · January 17, 2013 1:15PM

I had to check the Mint site after I read it here Us Mint runs out of 2013 silver coins

Pricey huh? ... that'll likely hold sales and mintage, which might be good for speculation... or if that price holds in future releases, will it kill the collector base of the series?

CoinBuyer12 · January 17, 2013 1:17PM

They are slowly turning into the perth mint. I was actually gonna order one of the sanfrans two coin ASE set until they wanted $150 for the set.

percyb · January 17, 2013 1:19PM

The USMint is creating a bubble in ASEs.

sniocsu · January 17, 2013 1:31PM

I am not too sure I will be getting them this year

Type2 · January 17, 2013 2:59PM

I'll get the two coin set that will be out later this year.

Eagleguy · January 17, 2013 10:14PM

The rising price is one reason why I ended my ASE collecting with last year's issues.

JH

TheRaven · January 17, 2013 10:25PM

It is up a few dollars from last year, not a huge shock.....

Twice the bullion value of the coin, seems to be about normal.....

segoja · January 17, 2013 10:34PM

So in the after market proof ASE's are wholesaling for $60.50 at the cheapest, with many dates at $61.50....wholesale, so I'm confused as to why $62.95 retail is sticker shock?

messydesk · January 17, 2013 10:49PM

I'm going to defend the mint here a little.

1. The premium on these is actually not much higher than when silver was $4 an ounce and the ASEs sold for $29.95.
2. If you were the only manufacturer of a product and saw it selling on the secondary market to your collector base for more than what you charged, why wouldn't you adjust your prices?
3. The price of an individual coin isn't going to turn off collectors as much as the perceived requirement to buy one of each of the different ones, even those where the only difference is in packaging that enables the secondary market to purchase additional packaging that eludes to further differences that must be purchased (i.e., promotional slab labels)?

CaptHenway · January 17, 2013 11:52PM

<< I'm going to defend the mint here a little.

1. The premium on these is actually not much higher than when silver was $4 an ounce and the ASEs sold for $29.95.
2. If you were the only manufacturer of a product and saw it selling on the secondary market to your collector base for more than what you charged, why wouldn't you adjust your prices?
3. The price of an individual coin isn't going to turn off collectors as much as the perceived requirement to buy one of each of the different ones, even those where the only difference is in packaging that enables the secondary market to purchase additional packaging that eludes to further differences that must be purchased (i.e., promotional slab labels)? >>

Unknown · January 18, 2013 12:18AM

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ianrussell · January 18, 2013 12:36AM

For $63 a coin - I'm not sure the Mint is making money at that.

- Ian

bsshog40 · January 18, 2013 12:42AM

My first Mint bought proof was $27.95 in 2005. They have gone up dramatically since then. This is also a good sign, I guess, that silver is still a very good commodity. I have a subscription for 2. If they continue to go up and the economy stays at same, I may have to drop to 1. A total of a little over $130 (w/shipping) hits a bank account pretty hard for the normal working joe!

djm · January 18, 2013 12:59AM

Seems to be some confusion here:

The 2012 W Proof is sold out.

The 2013 Bullion is on Allocation until after the initial release of the 2013 W proof coin, which the mint is now required to produce. If they were not required to produce it there probablly wouldn't be on this year as in 2009.

The 2013W Proof has not been released. I would buy the 2013W Proof as soon after the release date as possible. I don't think these make it to summer.

19Lyds · January 18, 2013 2:53AM

<< Seems to be some confusion here:

The 2012 W Proof is sold out.

The 2013 Bullion is on Allocation until after the initial release of the 2013 W proof coin, which the mint is now required to produce. If they were not required to produce it there probablly wouldn't be on this year as in 2009.

The 2013W Proof has not been released. I would buy the 2013W Proof as soon after the release date as possible. I don't think these make it to summer. >>

With a release date of 1/24/2013, I can only assume that some quantities have already been minted and as such, 1/24/2013 should be a very busy day on the US Mint Web Site.

As for the "Sticker Shock" comment, did the OP bother to check out what the 2011-W were first offered at on the US Mint Website?

If not, let me be the first to say that these "uncirculated" versions were put up for $60.45 each in early Sep which was actually MORE than the proof versions which were offered at the end of May!

THAT, was sticker shock.

WTCG · January 18, 2013 2:54AM

$62.95 sounds like a fair price considering that wholesale between dealers on those coins is about $60.

TheRaven · January 18, 2013 2:55AM

I am thinking there is no way these proof coins make it to near Christmas time.....

Hard to say this initial burst of interest in silver eagle is going to maintain itself thru the year however.....

Rampage · January 18, 2013 9:38AM

<< 

<< I'm going to defend the mint here a little.
1. The premium on these is actually not much higher than when silver was $4 an ounce and the ASEs sold for $29.95.
2. If you were the only manufacturer of a product and saw it selling on the secondary market to your collector base for more than what you charged, why wouldn't you adjust your prices?
3. The price of an individual coin isn't going to turn off collectors as much as the perceived requirement to buy one of each of the different ones, even those where the only difference is in packaging that enables the secondary market to purchase additional packaging that eludes to further differences that must be purchased (i.e., promotional slab labels)? >>

>>

DITTO. I see no problem with the prices. When they sell out and the after market decides they should be priced at $200, you might wish you had bought one (or more).

ambro51 · January 18, 2013 10:46AM

Can dealers make money on these after certification costs etc erc?

Rampage · January 19, 2013 9:58PM

<< Can dealers make money on these after certification costs etc erc? >>

I think the only money to be "made" is if the coin is good enough to make a 70DCAM grade. I would guess that anything less than that would net the dealer less than the cost of the coin and certification fees. However, I am not a pro in the series, so it is just a guess.

IrishMikey · January 19, 2013 10:13PM

<< 

<< Can dealers make money on these after certification costs etc erc? >>

I think the only money to be "made" is if the coin is good enough to make a 70DCAM grade. I would guess that anything less than that would net the dealer less than the cost of the coin and certification fees. However, I am not a pro in the series, so it is just a guess. >>

I am not a pro either, but that sounds about right. 70 or bust!

Overdate · January 20, 2013 1:05AM

2012-W and 2012-S proof Silver Eagles are still available from the Mint.

The 2012-W is part of the Limited Edition Silver Proof Set, whose $150 price is beginning to look reasonable. Each set also includes a 2012-S silver proof Kennedy half and Roosevelt dime, whose final mintages are on track to be a low 445,000 each.

The 2012-S proof Silver Eagle is in the Coin and Currency Set, at $72.95 (or $67.95 for the proof Silver Eagle after adjusting for the accompanying $5 bill at face value). Total mintage of the 2012-S proof is likely to be capped at no more than 325,000, making it a good value IMO.

Fountainhead · January 20, 2013 2:16AM

It's only 2x bv. In 2000 the proof was going for $24.95 while spot was $4, yes?

Sticker Shock.... 2013 ASE Proof $62.95

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