Is the Mint killing the Silver Eagle Series?

Halfhunter06 · January 21, 2012 1:47AM

If we look back at say, 2005, the series seemed so simple. The only "Stopper" was the 1995 W and the rest seemed easy. Now we have this mint mark, this finish, this lettering and it just seems to me that's it clogging the market and making a mess. Will this make collectors skip this series?

drei3ree · January 21, 2012 2:09AM

There are a lot of different Morgan dollars. That doesn't seem to deter the collectors or investors...

CaptHenway · January 21, 2012 2:10AM

Many collectible series die from overproduction.
This may yet be another one of them.

BAJJERFAN · January 21, 2012 2:15AM

Is there any official list of just what exactly constitutes a complete set?

donzme · January 21, 2012 4:15AM

Silver Eagles Complete Set

BryceM · January 21, 2012 4:17AM

60 different coins huh? That's 58 more than I have at the moment.

Eagleguy · January 21, 2012 4:44AM

According to the Mint survey I filled out this morning, it appears that the Mint is considering annual reverse proofs and S-mint proofs (and possibly high relief versions) starting in 2012 .

JH

RYK · January 21, 2012 4:47AM

Baseballcardization.

notwilight · January 21, 2012 5:17AM

In theory no, because if you want, it is "easy" to ignore all the spin offs and just collect the core series. However, the personality traits that make people collectors includes at least a bit of obsessive/compulsive behavoir so it may be hard to do.

In the recent presale of 2012 silver eagles I sold a set of P, (S) and (W) silver eagles to a collector. Now all of these are the same coin but came from boxes marked from San Francisco, West Point, or not specified. He sent me a note asking if I could wait until next friday for payment if he bought now. I said "Sure" but thought to myself, "If he doesn't have the money now, why is he so eager to buy during the presale? Why doesn't he just wait for the coins to be issued?"

He sent me back a note thanking me profusely and saying that he was just infatuated with these coins and can't get enough of them and can't wait for each of his paychecks to arrive so he can buy more.

--Jerry

CaptHenway · January 21, 2012 5:46AM

Beanie Babies.......

wondercoin · January 21, 2012 5:50AM

"In theory no, because if you want, it is "easy" to ignore all the spin offs and just collect the core series. However, the personality traits that make people collectors includes at least a bit of obsessive/compulsive behavoir so it may be hard to do.

In the recent presale of 2012 silver eagles I sold a set of P, (S) and (W) silver eagles to a collector. Now all of these are the same coin but came from boxes marked from San Francisco, West Point, or not specified. He sent me a note asking if I could wait until next friday for payment if he bought now. I said "Sure" but thought to myself, "If he doesn't have the money now, why is he so eager to buy during the presale? Why doesn't he just wait for the coins to be issued?"

He sent me back a note thanking me profusely and saying that he was just infatuated with these coins and can't get enough of them and can't wait for each of his paychecks to arrive so he can buy more.

--Jerry"

HE NEEDS THE GOLDEN GATE BRIDGE MERCANTI SIGNED COINS AS WELL FROM 2012. HOLDERS ARE MEGA-COOL!!

Wondercoin

BigA · January 21, 2012 5:50AM

So much for the "special" RP every 5 years

RYK · January 21, 2012 5:53AM

I recently ordered a "set" of four 2012 PCGS MS-69 silver eagles from MCM. Of course, it was a short set with all of the PCGS packaging and label options:

Link to short set

Of course, if I were a serious collector, I would have ordered the complete MS 69 set:

Link

And, if I were really, REALLY serious, I would probably insist on the complete MS 70 set:

Link

I still have my Don Mattingly rookie cards, if anyone wishes to buy them. Or I'll trade you a Mattingly for a Mercanti...

LanLord · January 21, 2012 5:59AM

I think they should do an obverse mint mark version in 2016

DIMEMAN · January 21, 2012 6:06AM

>>>There are a lot of different Morgan dollars. That doesn't seem to deter the collectors or investors... <<<

Please don't mention ASE's in the same breath as a real U.S. coin that "collectors" collect!

TwoSides2aCoin · January 21, 2012 6:16AM

The US Mint's Golden Goose program is working fine. The silver eagle PROOF series was interrupted in 2009, ruffled a few feathers along the way, but the goose isn't cooked just yet. Killjoy ? A '95W is hardly a stopper. It's just a key (30,125, iirc)... sort of like that 08/07 reverse that someone around here discovered. (47,000 ? ) Are there that many ASE series collectors ? I think most are just bullion speculators hoarding, or flippers of the keys.

Hoping this doesn't read as a negative because silver is a nice collectible in any form. The newest issues were wildly anticipated and widely received (25th Anniversary 5 Coin Set), just as the '06 20th Anniversary set (which is still a great set in OGP). To be honest about the thread question, though : Only time will tell.

notwilight · January 21, 2012 6:16AM

<< >>>There are a lot of different Morgan dollars. That doesn't seem to deter the collectors or investors... <<< Please don't mention ASE's in the same breath as a real U.S. coin that "collectors" collect! >>

Dimeman,
I don't collect Morgans. I find them the most boring series the US Mint ever made. However, I don't open every Morgan thread, take a dump, and leave. I suggest you try refraiming from that behavoir in the modern threads.

--Jerry

LanLord · January 21, 2012 6:16AM

<< I think they should do an obverse mint mark version in 2016 >>

And the inevitable 2016 (s) obverse that some wise guy will come up with on ebay.

derryb · January 21, 2012 6:17AM

<< Please don't mention ASE's in the same breath as a real U.S. coin that "collectors" collect! >>

What happened to the New Year's resolution?

Besides, one hundred years from now ASEs will officially be real coins.

silverstreak · January 21, 2012 6:23AM

I really think an Ultra High relief needs to be in the mix. Really need to set these coins apart

Then end the series and start a new one

wondercoin · January 21, 2012 6:24AM

"Dimeman,
I don't collect Morgans. I find them the most boring series the US Mint ever made. However, I don't open every Morgan thread, take a dump, and leave. I suggest you try refraiming from that behavoir in the modern threads.

--Jerry"

WELL SAID ... In fact, if I am not mistaken, comments like that (especially repetitive in nature) might be grounds for removal... no?

Wondercoin

Gemineye · January 21, 2012 6:34AM

<< Is the Mint killing the Silver Eagle Series?
>>

One word ..NO..the Third Party Greding services are....I can't believe there's a ..First Release ..an Early Release....You gotta have someones name on the label...Flag label..different collors.......GIVE ME A BREAK.........the mint ain't ruining this series of coins...GUESS WHO IS........!!!!!??????

AMRC · January 21, 2012 6:36AM

<< There are a lot of different Morgan dollars. That doesn't seem to deter the collectors or investors... >>

Apples and Oranges.

GRANDAM · January 21, 2012 6:40AM

<< 

<< >>>There are a lot of different Morgan dollars. That doesn't seem to deter the collectors or investors... <<< Please don't mention ASE's in the same breath as a real U.S. coin that "collectors" collect! >>

Dimeman,
I don't collect Morgans. I find them the most boring series the US Mint ever made. However, I don't open every Morgan thread, take a dump, and leave. I suggest you try refraiming from that behavoir in the modern threads.

--Jerry >>

----------------------------------------------------------------------------------------------------------------------------------------------------

I agree with the above statement as well. I get really tired of reading of Dimeman DUMPING on certain series which he doesn't seem to think of as worthy of being collectible.

Yet,,,, I just opened the link to his complete dime set and find he has MODERN Roosevelt Dimes included in his set.

This seems very confusing to me

I don't see how the Modern Roosevelt Dimes are any different that the Silver Eagles or other Modern Coin Series that he seems to despise so much????

Please explain this to me???

GrandAm

DIMEMAN · January 21, 2012 6:45AM

Please tell me what I did wrong?

If someone is allowed to compare ASE's to a classic coin series......I should be able to say "no way". No

I don't collect Morgans either, but they ARE a real coin!

derryb · January 21, 2012 6:46AM

What makes a coin a "real" coin?

My definition would be "any coin that can legally be used to settle debt, both private and public."

Gemineye · January 21, 2012 6:47AM

<< Please tell me what I did wrong?

If someone is allowed to compare ASE's to a classic coin series......I should be able to say "no way". No

I don't collect Morgans either, but they ARE a real coin!

>>

No you can't....NO Way......!!!

mrpaseo · January 21, 2012 6:47AM

<< If we look back at say, 2005, the series seemed so simple. The only "Stopper" was the 1995 W and the rest seemed easy. Now we have this mint mark, this finish, this lettering and it just seems to me that's it clogging the market and making a mess. Will this make collectors skip this series? >>

Same exact thing happened in the early 90's with baseball cards. The year before there were three major sets with one subset each... within three years, 10 sets each with 3-5 subsets... it became impossible to keep up... and yes, the baseball market crashed never to recover.

Anyone looking for early 90's baseball cards?

Ray

derryb · January 21, 2012 6:50AM

<< Anyone looking for early 90's baseball cards? >>

Take a trade on some beanie babies?

mrpaseo · January 21, 2012 6:52AM

<< Baseballcardization. >>

There should be a "Like" button on this site

TwoSides2aCoin · January 21, 2012 6:53AM

Ray, with all due respect, a baseball card won't have much intrinsic value after a fire.

mrpaseo · January 21, 2012 6:53AM

<< 

<< Anyone looking for early 90's baseball cards? >>

Take a trade on some beanie babies? >>

ahhhhhhahahaha....ahaha... lol... NO, I have some of those too.

mrpaseo · January 21, 2012 6:58AM

<< Ray, with all due respect, a baseball card won't have much intrinsic value after a fire. >>

Hmmm maybe I can burn them like they burned the German Mark back in 1923... The intrinsic value will transfer to BTU value

Baley · January 21, 2012 7:06AM

What makes a coin a "real" coin?

My definition would be "any coin that can legally be used to settle debt, both private and public."

change the verb phrase from "can be used" to "intended to be and actually have seen widespread use" and I'll agree completely.

No one disputes ASE's are Real in the sense that they exist. They're also "technically" legal tender. And they're Real Silver.

That's about where their "realness" in the numismatic sense ends for me.

They don't circulate, and all (or almost all) go directly from the dies (possibly indirectly via profit taking middlemen) into collections and vaults and slabs and "the market", suffering attrition only intentionally or by neglect, but not by use in commerce, and any varieties are pretty much intentionally created with the collector, not commerce, in mind.

And yes, I do not consider proof coins, patterns, any NCLT bullion, "so called dollars" to be real coins.

However, hard times tokens, civil war tokens, encased stamps, and the like, ARE real coins. Just my opinions, doesn't mean Not Coins are not collectible exumonia.

jmski52 · January 21, 2012 7:11AM

hard times tokens, civil war tokens, encased stamps, and the like, ARE real coins

Huh?

I do not consider proof coins, patterns, any NCLT bullion, "so called dollars" to be real coins.

Vely interesting.

DIMEMAN · January 21, 2012 7:11AM

Grandam - I didn't dump on anything. I don't bash moderns. I like most moderns except for dollars, which are all butt ugly to me. I have a right to that.

Yes, I have Roosevelts in my Complete dime sets......BECAUSE....they are dimes!!!!!!

I just get upset when I see ASE's called coins. Because they ARE NOT COINS. This has been discussed before, but no matter what kind of silly loope-hole you want to bring up.....ASE's are not coins!!! They never circulated. They never were intended to circulate. They are JUST BULLION that the mint came up with to sell to people who will buy it.

Gemineye · January 21, 2012 7:22AM

I think they do indeed circulate.If one were to trade in silver or 40% silver you will be paid in cash or bullion or the media of your choice which could be Silver Eagles.So therefore they do indeed circulate...

DIMEMAN · January 21, 2012 7:26AM

That is about the dumbest statement I have ever heard!

Baley · January 21, 2012 7:27AM

hard times tokens, civil war tokens, encased stamps, and the like, ARE real coins

Huh?

I do not consider proof coins, patterns, any NCLT bullion, "so called dollars" to be real coins.

Vely interesting.

yep, that's my opinion.

Genuine territorial gold meant to be and actually used as money = Real coin.

Proof restrikes recently made for collectors from sea-salvaged gold bars of the same era = Fake

mrpotatoheadd · January 21, 2012 7:45AM

<< I just get upset when I see ASE's called coins. Because they ARE NOT COINS. This has been discussed before, but no matter what kind of silly loope-hole you want to bring up.....ASE's are not coins!!! They never circulated. They never were intended to circulate. They are JUST BULLION that the mint came up with to sell to people who will buy it. >>

Dude, you are hopeless. Your own personal definition of the word "coin" is in no way binding on anybody else. Lots of coins have been produced that were never intended for circulation- some of them are even dimes.

You should probably try to get over your fixation on this topic.

derryb · January 21, 2012 7:59AM

<< What makes a coin a "real" coin?

My definition would be "any coin that can legally be used to settle debt, both private and public."

change the verb phrase from "can be used" to "intended to be and actually have seen widespread use" and I'll agree completely. >>

You just eliminated every proof from being considered a coin.

bumanchu · January 21, 2012 8:14AM

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The above was copied and pasted from th US MINT website--Go argue with them and once you convince them, come back and let us know how you got them to change their definition to suit yours.

Baley · January 21, 2012 8:21AM

You do realize that the quoted description above supports the case I'm making, and not the opposite position?

Baley · January 21, 2012 8:22AM

Of course they're Coins.

They're just not Real Coins (i.e.) Money

and yes, neither are any Proof coins made for collectors and sold at a premium. Got to spend it to make it real.

All proofs, 1804 dollars, 1913 nickels, NCLT, not "real" coins according to me. Beanie babies are not Real teddy bears. Modern sports cards and comics aren't Real either. Neither are reproduction Shelby Cobras, lithographs of Andy Warhol originals, and the like

Doesn't mean they, or a RP ASE, is not extremely valuable or fabulously desirable.

It just ain't money, again IMO. Why should it matter to anyone else what I think? it doesn't have to be considered Real to me or DIMEMAN or any other individual to be Marketable

If others want to collect such things and value them as they please, that's just teriffic.

mrpotatoheadd · January 21, 2012 8:26AM

<< Baseballcardization. >>

I believe the appropriate term is actually "RoyalCanadianMintification". Once the US Mint starts making colorized coins, all will be clear.

Gemineye · January 21, 2012 8:27AM

Not real...!!!.....Gee I hope there is a Santa Claus.......

derryb · January 21, 2012 8:33AM

So, there are different types of coins. Bullion coins are just one of many types of coins.

halfhunter · January 21, 2012 8:42AM

<< I really think an Ultra High relief needs to be in the mix. Really need to set these coins apart

Then end the series and start a new one

>>

JMO . . . But high reliefs and RPs should be reserved for future Anniv Sets . . . Something special ! ! !

HH

RYK · January 21, 2012 8:47AM

I like American Silver Eagles and will not delve into the coin vs. real coin vs. not coin argument. I do collect them.

I think that when you combine the increasing number of coins with the proliferation of coin labeling options, we may enter the situation whereby the whole system collapses upon itself, like I witnessed in baseball cards in the late 1980's and early 1990's. Then again, maybe people have the appetite and interest for an ever growing and ultimately infinite number of combinations in coin product and labels, and I will be proven wrong.

Goldminers · January 21, 2012 8:58AM

I agree. The mint and TPG marketers are out of control and even long time modern eagle collectors like me are getting very frustrated with too many options. I also simply can't afford them all. The First Strike label fiasco was already getting bad enough for me already, let alone other new labels.

I really hope the Mint doesn't go down the path of Canada and Perth and start the colorizing, as some have mentioned. That will be the final straw and end of my interest in the series.

GM

derryb · January 21, 2012 9:00AM

<< I like American Silver Eagles and will not delve into the coin vs. real coin vs. not coin argument. I do collect them.

I think that when you combine the increasing number of coins with the proliferation of coin labeling options, we may enter the situation whereby the whole system collapses upon itself, like I witnessed in baseball cards in the late 1980's and early 1990's. Then again, maybe people have the appetite and interest for an ever growing and ultimately infinite number of combinations in coin product and labels, and I will be proven wrong. >>

It has been my observation, and Baley will tell you I have been known to be wrong, that experienced collectors collect quality and rare coins while newer collectors collect quality and rare labels. The TPGs see a label market and have successfully pursued it. In fact, in most cases they helped create the market.

Is the Mint killing the Silver Eagle Series?

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