Thinking of selling all my ASE stuff
swest
Posts: 354
I love, absolutely love my silver eagle proofs! I try to just stick to the proofs each year and have a small set of 70s for the last 5-6 years, including the 2006 Anniversary. I have 4 sets left, with 3 all 69 sets and 1 69, 70, 70.
What has me concerned is the Milk Spotting problem. Now I didn't really mind all that much before, but now these coins are starting to add up in value. My personal Anniversary set would probably go for close to 2k right now and the other 3 69 sets, somewhere in the $500 range. Now we are starting to talk about some good money here. So I am torn since two of the 69 sets are for my two boys in the future.
I am thinking maybe I should sell the sets and buy each boy a different coin that my not be as vulnerable. Any thoughts?
Swest
What has me concerned is the Milk Spotting problem. Now I didn't really mind all that much before, but now these coins are starting to add up in value. My personal Anniversary set would probably go for close to 2k right now and the other 3 69 sets, somewhere in the $500 range. Now we are starting to talk about some good money here. So I am torn since two of the 69 sets are for my two boys in the future.
I am thinking maybe I should sell the sets and buy each boy a different coin that my not be as vulnerable. Any thoughts?
Swest
0
Comments
These sets are just starting to go crazy. imho The chance of MUCH higher sell prices far out weighs the risk of any of your sets spotting.
Buy some classic that won't spot. Buy a circulated XF 18th century bust dollar.
<< <i>I would... SELL.....
Buy some classic that won't spot. Buy a circulated XF 18th century bust dollar. >>
I like this idea.
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Take your profit and move on to some pre-1934 numismatic coins that are not dependent on the plastic for their value.
When you sell, don't look back.
<< <i>What you have are common, but popular, modern coins that are dependent on the plastic for their value. If the dreaded milk spots should start to appear the liquidity of your coins will drop sharply.
Take your profit and move on to some pre-1934 numismatic coins that are not dependent on the plastic for their value.
When you sell, don't look back. >>
They may not be dependent on the plastic for their value, but it sure helps having the right plastic. Why move out of a hot market into a luke warm or getting cold market. I would not sell yet & if I did, I most certainly would not purchase so called comon "classic coins."
I started collecting Eagles as my first series. I am also gearing up to start collecting Standing Liberty Quarters. I have a bunch already, but I want to organize them and start adding higher end coins and grades. I like to buy a couple things from the mint and set them aside for my boys future. I figure coins are more liquid than a lot of other investment vehicles, plus they may not need the money for schooling and would really enjoy joining dad in the hobby.
It is hard to fathom that buying a box of ASE 3-coin sets and getting them graded made so much money.
Swest
All my coins are in PCGS plastic. They do stand behind their coin values in the event of Milkspots right?