Mint denies 25th ASE bullion coin is burnished....per Coin World

2manycoins2fewfunds · December 5, 2011 12:38AM

Front page article...........Not Burnished, not different from regular bullion.

No 3rd key 100,000 coin in set.

Solo · December 5, 2011 12:53AM

Question answered, thanks

!

derryb · December 5, 2011 12:54AM

"sell Mortimer, sell."

19Lyds · December 5, 2011 1:05AM

<< I don't see the article in question on the main page. Do you have to be registered to see it in their digital section? >>

Yes. Actually, you have to be a subscriber.

silverstreak · December 5, 2011 1:06AM

<< "sell Mortimer, sell." >>

Now thats funny

Manorcourtman · December 5, 2011 1:06AM

shorecoll · December 5, 2011 1:38AM

Chris...tell me that's not your yearbook photo.

leothelyon · December 5, 2011 1:54AM

How devastating! This is the kind of thing that pushes people over the edge.

This could be the start of ASE Anonymous!

CoinMeister · December 5, 2011 1:57AM

<< How devastating! This is the kind of thing that pushes people over the edge.

This could be the start of ASE Anonymous!

>>

"Hi, My name is Coinmeister." Everyone in the circle replies, "HI COINMEISTER."

2manycoins2fewfunds · December 5, 2011 1:58AM

I subscribe to the Coinworld digital edition which came out this AM with front page article.

agentjim007 · December 5, 2011 2:02AM

Doesn't surprise me. If you look at the bullion coin the luster has typical cartwheel to the luster. The 2 burnished do not cartwheeel the luster the same way.

Akbeez · December 5, 2011 2:23AM

Can someone expand upon the details of the article?

19Lyds · December 5, 2011 2:24AM

Actually folks, if you're going to believe whats published in Coin World, then don't forget what the October 31st Issue stated.

Specifically that all the coins within the set were minted specifically for the set (not pulled from US Mint Inventories) from Late August until October of 2011.

While the Bullion Coin doesn't have a set minting date and could possibly have been pulled from inventory, I'm just not thinking that this is what occured given the status of the other coins in the set.

IMO, this makes all the coins in the 25th Anniversary Set "special" since each was actually a special run.
And no I'm not trying to Hype the set. I'm simply stating fact as presented by the US Mint.

Coin Finder · December 5, 2011 3:00AM

Could the US Mint be mistaken....

Solo · December 5, 2011 3:05AM

<< Can someone expand upon the details of the article? >>

In a nutshell the mint simply stated that they did NOT use burnished blanks, or 'special' bullion blanks for the bullion coins in the 25th ASE sets. Some were convinced that they did. They did NOT however reverse their prior statement that the bullion coins made for this set were made exclusively by the S mint so we know the coins weren't pulled from existing monster boxes. The real question in my mind is whether or not the burnished like finish w/ the die marker of the tail feather dimple will be enough of an indicator for the 3rd party graders to start labeling the bullion coins as being from the set even if they're sent in raw. That seems somewhat unlikely at this point, but who knows... Additionally we should also ask ourselves if the ASE collecting base will even care either way.

halfhunter · December 5, 2011 3:30AM

<< 

<< Can someone expand upon the details of the article? >>

Additionally we should also ask ourselves if the ASE collecting base will even care either way. >>

Hey . . . I Care ! ! !

HH

Bochiman · December 5, 2011 3:58AM

Even given this travesty of news, I would rather collect ASEs than worry about full steps on jefferson nickels

ianrussell · December 5, 2011 4:27AM

I have seen the 2011 coin look completely different from different sets. One version of it looks burnished, while other examples look like the normal monster box bullion coin. If you have the two types side by side, they definitely look *different*.

- Ian

notwilight · December 5, 2011 5:38AM

A full denial often comes just before the proof is revealed. --Jerry

PinkFloyd · December 5, 2011 5:58AM

<< 

IMO, this makes all the coins in the 25th Anniversary Set "special" since each was actually a special run.
And no I'm not trying to Hype the set. I'm simply stating fact as presented by the US Mint. >>

Good post, Lee.

Time will tell if these can be reliably distinguished. Will anyone care?

19Lyds · December 5, 2011 6:52AM

<< Even given this travesty of news, I would rather collect ASEs than worry about full steps on jefferson nickels

>>

I'm inclined to agree with you Bochi until this STUPID OCD KICKS IN!

I really need help!

19Lyds · December 5, 2011 7:05AM

<< 

<< 

IMO, this makes all the coins in the 25th Anniversary Set "special" since each was actually a special run.
And no I'm not trying to Hype the set. I'm simply stating fact as presented by the US Mint. >>

Good post, Lee.

Time will tell if these can be reliably distinguished. Will anyone care? >>

Why thank you.

Lot's of poo-pooer's and naysayers slathered the internet with all sorts of reasons on why the 2006 Sets just weren't worth the money. After learning that the 2006-W would be offered independently of the sets (after the 2006 sets initial announcment) folks actually logged on and cancelled their orders! Others chose to ignore the muck and continued purchasing them until they sold out. All 250,000 of them! But, look at them today. Typically selling for 3 times the original issue price whether their graded or not. First Strike Examples of 2006-P Reverse Proofs can be very pricey given the right market.

I truly believe that folks have forgotten to contemplate the real facts about the 25th Anniversary Sets and in a year or so, I think many folks will wish that they'd have hung on to a set or two. Given the bashing these have received over the quick sell out and the constant diatribes on greed, I'm not surprised that the set prices have dropped a bit.
However, I also believe that these will rebound to at least the $900 level if not higher simply because there just aren't that many to go around! Many mature ASE and new ASE collectors actually like having these pricy coins in their sets since it changes them from nothing more than bullion, which can be purchased danged near anywhere, to something that has special collectibility.

Kinda like that 50D Nickel or perhaps that special doubled die Lincoln/Jefferson/Roosevelt/Washington/Kennedy/IKE/Peace/Morgan? Folks have a tendency to gravitate toward the unusual and each wants their collection to be "special". Nothing defines "special", IMO, better than "complete"!

fiveNdime · December 5, 2011 7:31AM

<< Nothing defines "special", IMO, better than "complete"! >>

1995W

leothelyon · December 6, 2011 12:41AM

I almost got excited about this bullion ounce, it's high degree of manufacture. I also saw one going for $22 with 11 hours counting............but then I remembered.........there's 100,000 of them.

Solo · December 6, 2011 12:57AM

<< I almost got excited about this bullion ounce, it's high degree of manufacture. I also saw one going for $22 with 11 hours counting............but then I remembered.........there's 100,000 of them. >>

Meh, no one is claiming the coin is going to be a great rarity, but 100,000 "specially minted/dimple tailed" bullion coins versus 35,000,000+ regular bullion coins bodes well for the coin's future IMO. Ultimately it all depends on whether or not future collectors will recognize the coin as something special. I certainly wouldn't be loading up on these at current prices, but buying a few for below the current rate on eBay is a good idea IMO. The fact so many of these bullion coins will not be slabbed is definitely another factor that will influence their price down the road (same with the W and PR coins) as people put sets together in the future.

leothelyon · December 6, 2011 3:27AM

<< 

<< I almost got excited about this bullion ounce, it's high degree of manufacture. I also saw one going for $22 with 11 hours counting............but then I remembered.........there's 100,000 of them. >>

Meh, no one is claiming the coin is going to be a great rarity, but 100,000 "specially minted/dimple tailed" bullion coins versus 35,000,000+ regular bullion coins bodes well for the coin's future IMO. Ultimately it all depends on whether or not future collectors will recognize the coin as something special. I certainly wouldn't be loading up on these at current prices, but buying a few for below the current rate on eBay is a good idea IMO. The fact so many of these bullion coins will not be slabbed is definitely another factor that will influence their price down the road (same with the W and PR coins) as people put sets together in the future. >>

I did consider the winky emoticon but decided not to, to let on too much.

53BKid · December 6, 2011 3:37AM

I'm not going to go out on a limb yet and purchase more of these than the one's I received in my mint order, but the non-S SF bullion coin stands out against any other bullion coin I've seen. It doesn't matter what the mint's statement says in my opinion. Either collectors want this issue because of it's differences or not. If enough determine that it's highly desireable, prices can go a lot higher.

The "dent", "dimple", "ruffled feather", or whatever else you want to call it, certainly hasn't been explained--its on all of them from what I can tell.

I suspect this will be one issue where the grading distinction of being part of the 25th anniversary set will matter a great deal.

Still don't realize why the grading companies don't recognize this as a variation. My guess is they ultimately will.

Akbeez · December 6, 2011 4:57PM

Question posed in another thread on specifics of how SAEs are burnished. See linky.

LostSisler · December 6, 2011 5:01PM

Why doesn't someone compare them microscopically and post the pics?

I do apologize if someone else has already asked this obvious question!

Dice21 · December 6, 2011 8:03PM

I'm seeing into the future.....hmmmmmm.......TPG companies will now accept the burnished dimple coin as a variety for the small price of xx if you send in for relabeling or regrading........kinda like UHR PL ????

Gemineye · December 6, 2011 10:01PM

Weather or not all of the coins are burnished IMO is not the main issue..but that is special..Here we have coins that have the lowest mintage in a series..That by far outweighs other facors for a basically low cost collectable...These have mintages less than the 1909 S VDB Lincoln Cent....which has been on the minds of collectors for years and years.

drei3ree · December 6, 2011 10:22PM

I've mentioned this previously, but my 2011 & 2011-S all have the dimpled feather. And, the dimple and non-dimple differences can be seen with the naked eye...even if it's not recognized on the label, collectors will be able to distinguish the difference and the 2011 coins will sell for a premium.

CaptHenway · December 6, 2011 10:27PM

Anybody been checking SF-produced monster boxes for coins with the so-called dimple?

Solo · December 6, 2011 11:37PM

<< Anybody been checking SF-produced monster boxes for coins with the so-called dimple? >>

Several posters have stated previously that the 'S' labeled coins do NOT have the dimple in the tail feather. I'm unable to corroborate this myself, but to date no one that I know of has confirmed that their regular 2011 bullion coin has the dimple on the tail feather.

Akbeez · December 7, 2011 12:45PM

My S unc's do have a dimple on feather 7 (the full one), but smaller and absent on feather 5.

CaptHenway · December 7, 2011 12:55PM

<< My S unc's do have a dimple on feather 7 (the full one), but smaller and absent on feather 5. >>

S Uncs from monster boxes or S Uncs from the five-coin sets?

TwoSides2aCoin · December 7, 2011 12:59PM

Love the monkey and the "over the edge" inference.

Akbeez · December 7, 2011 1:18PM

Capt, these are S / (S) from the 25th sets.

Solo · December 7, 2011 2:19PM

<< Capt, these are S / (S) from the 25th sets. >>

I was specifically addressing the psuedo labeled 'S' bullion coins that were given the S attribution on the label solely due to the plastic band that wraps around the monster box. Those things are a joke and only add to the confusion, but someone asked if those had the dimple in the tail feather and I was simply saying I've seen multiple people confirm that they don't. Clearly that's a possibility, but I doubt those prior bullion coins have the mark. Only time will tell for certain.

Regarding the 25th set dimple tail/ultra-satin coins

, I consider them something special and think others will to in time. They simply don't look like other 2011 bullion coins from what I've seen. I need to see more of course, but from the half dozen I've seen in had from 6 different sellers all of them looked the same (all of mine are sealed still). Someone posted in the other thread about them that they had seen a great many and some of the coins from the set looked like regular bullion. I have yet to see a picture confirming that, but I have no reason not to believe the person so that doesn't bode well for the coin IMO.

claychaser · June 7, 2015 12:30PM

Resurrecting an old thread, as I wonder if there has been any change in positions by the SAE experts. I still think the coins from the sets look different from the monster box ones, or is just a few many of these?

Mint denies 25th ASE bullion coin is burnished....per Coin World

Comments

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

Leave a Comment