Need Our Experts Opinion, Please
BJandTundra
Posts: 388 ✭✭✭✭
Preface this with the fact I have no dog in this fight, do not collect or follow ASE's myself. but want to give sound advice if possible. A casual collector friend was smitten with the ASE Proof coin bug many years ago, but now wants to sell most. He has designated 32 coins from 1986 to 2019 (essentially a year set) for sale. All still in OGP. Earlier today he was offered $1100 for the lot. Good or bad offer? Too high or too low?
Thanks for your help in advance.
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Comments
I am no expert but last year’s 2019 proof was $56.00 for one coin. Your $1100.00 gets you $34.75 a coin when you divide by 32 coins. Seems a bit low but maybe they were cheaper on the older years.
You know of all the ASE’s the proofs are the most expensive.
If there is nothing out-of-the-ordinary in those 32 coins, that was a decent offer and should have been taken. The bulk ASE proofs are just not that special (just ask me, I own very many of them).
If there was a 1995-W ASE Proof in the lot, well no.
Also, using the present (2020) initial offering price for the ASE proofs is bogus. It was much less in 1986. Hell, it was much less last year!
I would listen to billdugan. I own a lot of proofs but there all graded NGC and PCGS, as that Is what I was buying during the years of 2015 through 2017. I don’t think I have ever bought a proof from the Mint. Mine all came from the likes of APMEX, MCM ect.
Grey sheet bid on most of those coins is $36 each. The only exceptions of the normal proofs are 1993 ($48) and 1994 ($95). That is a good solid offer at $35 per set. You would be hard-pressed to net more even if you retailed them singly.
All comments reflect the opinion of the author, even when irrefutably accurate.
Good advice above.
Proof SEs are pretty to look at but most are not a particularly good investment.
I have a grouping very similar to your friend's. I don't see it as an investment except for a few special issues that are worth more than issue price.
If all are spot free and would grade at least PR69 and you could get them graded for free, then $1100 would be too low.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
How does one get proof ASEs graded for free? Serious question, as I own a few.
EDIT: Or did you mean evaluated as to probable TPG grade, if submitted?
Sounds like a reasonable offer if the '95W is not included. Make sure of that detail. Cheers, RickO
You can't.
I guess I was being a little snarky, in that since you can't get them graded for free, and the earlier ones probably won't bring PR69 prices raw, even if they don't have spots, the offer is fair.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Got it now. I made the mistake of reading the forum pre-coffee...
Thanks guys and/or gals. This is what I needed to know and was sure you come through.
Thanks again.
I have working on an essay about collecting this series. Given the games that the mint system has played with this series, including the recent sales of the 2019-S Reverse Proof, I would advise throwing in the towel. If you are a collector on a budget, this is a very frustrating set of coins.
Oh snap, I was thinking OK that sounds like a solid offer and then I remembered SPOTTING!!
Then what? Spot or a little bit above spot for spotting?