Thinking about investing in ASE's

apoplectic · March 14, 2008 6:13AM

I'm going to a coin show sunday and I've been thinking about investing in ASE's. Also I'm thinking about trying to get a complete set of uncirculated ones while I'm investing just for the hell of it. I think I'm going to get a 86 and a 2008 and try to close the gap. Is there anything I should know before I purchase?

bstat1020 · March 14, 2008 6:16AM

Here is a full set on the BST for sale.

LINK

OPA · March 14, 2008 6:19AM

If you are thinking of buying the uncirc., not a good numismatic investment, unless you feel that silver will continue to rise ... for the MS, the 96 is the key date. In my opinion, a spot free proof set PCGS 69 or raw set, makes more sense, but it's gonna cost you some $$$$+

RayNY2E · March 14, 2008 6:20AM

<< I'm going to a coin show sunday and I've been thinking about investing in ASE's. Also I'm thinking about trying to get a complete set of uncirculated ones while I'm investing just for the hell of it. I think I'm going to get a 86 and a 2008 and try to close the gap. Is there anything I should know before I purchase? >>

Please Turn On Your Private Message Feature or PM me. Ray in Florida..

mach19 · March 14, 2008 6:20AM

The '96 is the key Around $50/60. The 2006-W is around $70/90 I hope this helps

apoplectic · March 14, 2008 6:24AM

Thanks but I'm going to get them one at a time, make more of a sport out of it. Seventy percent of the fun in coin collecting is the pursuit, IMO.

mach19 · March 14, 2008 6:27AM

<< Thanks but I'm going to get them one at a time, make more of a sport out of it. Seventy percent of the fun in coin collecting is the pursuit, IMO. >>

As long as you dont have to pay shipping & handling on one at a time

rgCoinGuy · March 14, 2008 6:27AM

If you want to get them one at a time, I would go ahead and pick up the 2 expensive ones first, they aren't major bucks anyway. The 96 and 06W, that way you have a goal for your first two and you can check out multiples of them hopefully at the show and pick out the ones you like the most.

tahoe98 · March 14, 2008 6:30AM

welcome to the forum. you'll need to activate your private messages.

HonoluluDude · March 14, 2008 6:31AM

The "W" uncirculated series is probably a better bet as far as an "investment" since it has lower mintages. The rest is just bullion, with the exception of 1996.

RayNY2E · March 14, 2008 6:43AM

<< Thanks but I'm going to get them one at a time, make more of a sport out of it. Seventy percent of the fun in coin collecting is the pursuit, IMO. >>

Are you Planning To Collect Raw Or Graded ASE's? I Want To Wish You All The Best on Your Collecting. I'm not Sure What Your Goal Is,But at today's Silver Prices, I'm not soo sure that Raw ASE's are the way to Collect,when for a bit more money you can get a PCGS Certified Coin.At Least you'll know what you have in Hand. There's a fine line between MS68 and MS69,but generally a big difference in Price and then there are the Grading Fees,etc. if that is the way you're going to go. Whatever you decide,Just have Fun! .I Was Considering Listing One of My Pcgs Circulation Strike ASE Registry Sets on BST. I Have 3 Compete Sets all Listed In Number One Position,tied with alot of other Folks. Ray in Florida..

apoplectic · March 14, 2008 7:00AM

Hey Ray, I think I PM'ed younbut I did it on my blackcerry, and I don't trust it one bit. BTW are you going to the central florida coin show?

vplite · March 14, 2008 7:02AM

These are dangerous to collect, if you pay much above bullion.

More than once what had been a pristine coin developed ugly milk spot(s) and became instant bullion.

This is very common.

RayNY2E · March 14, 2008 7:17AM

<< These are dangerous to collect, if you pay much above bullion.

More than once what had been a pristine coin developed ugly milk spot(s) and became instant bullion.

This is very common.

>>

This is Very True. I Also have quite a Few of My Lincoln Cents that i Personally Cherry Picked out of Brand New Bank Rolls (IE: 1995 DDO's),That have Turned Dog Ugly in Their PCGS Holders in the Past 13 Years, Soo i don't think the ASE's are the only coins to change Condition after Grading. Ray in Florida..

YaHa · March 14, 2008 7:18AM

Don't do it.

apoplectic · March 14, 2008 7:18AM

I'm going to try to get graded ones MS65 or higher if I can

apoplectic · March 14, 2008 7:23AM

Does anybody know what causes these spots?

percyb · March 14, 2008 7:24AM

If you want to invest in silver, but the exchange traded funds...DBS or SLV. Collect the Silver Coins.

apoplectic · March 14, 2008 8:08AM

Um percyb I did not understand a single word you said.

moonshine · March 14, 2008 8:22AM

yes the shipping and handling will eat you alive getting them one at a time.

that said - if you have money to 'blow' - good luck with your new pursuit.

Mercury10c · March 14, 2008 10:00AM

When everyone and their grandmother wants to jump onto the silver bullion bandwagon, you should
be jumping off. Buy coins because you like coins, but don't think about investing in silver after it
has made a huge run up.

apoplectic · March 14, 2008 9:11PM

I'm not jumping on the band wagon because everyone is doing it (thats why I'm not investing in gold) I'm doing it because i think everything the government is doing now to the economy is going to make the dollar worth less than the yen and unfortunatly my bank account isnt likely to grow at the same rate as the inflation. For me this is like buying myself stoem shutters before the hurricane hits. Another reason I'm not doing gold is because i can barely afford the silver.

ttown · March 14, 2008 9:57PM

I'm going to try to get graded ones MS65 or higher if I can

That's more of the grade you would look for on a "classic: coin. If you want nice ones they should be 69/70. I have a Dansco album of them and look forward adding one every year. Nothing beats looking at a set in an album IMO. As far as "the bandwagon" a new crew jumps on this board every year claiming the doom of PM's. Do yourself and favor and scan through the almost 6000 post on Gold Saints thread started in 2004 and then ask yourself are things better now or worse.

I'd purchase an album and start building or you can do like the rest of American and waste your money on eatting out or Starbucks coffee. At least you'll have something to show for it in the end and have a little reserve in bad times. These are bullion no doubt but don't over look the fact as such they will be melted heavy in the future to create bars for the big ETF's that require bars. The longer PM's stay up the more will be melted. Really if you've been on this board over the years the "wisdom" has already been "don't do it" and that hasn't changed has it?

CoinHusker · March 14, 2008 10:24PM

<< Is there anything I should know before I purchase? >>

Do a search on this forum for "milk spots". It will open your eyes to the chance you are taking by "investing" in ASE's. From personal experience, I had 40% of my PCGS MS69 ASE registry set turn in the holders.

If you are just starting out in coins, (just a guess), I would suggest you really think long and hard about doing ASE's. There are a lot of other series you could look into that don't have the potential heartache/loss that ASE's may present. Until a solution is found to milk spots, money in ASE's is like playing russian roulette. IMO

Thinking about investing in ASE's

Comments

Leave a Comment