Sunday, February 19, 2012

My most expensive purchase to date, a 2011 ASE set

I know many people and collectors consider the American Silver Eagle bullion. And I'm not saying that you can or can't collect bullion. There are many collectors out there and they collect what they want. But nevertheless I am proud to say I am the owner of a set of 2011 ASEs.
What makes this set so special to me? Well you see I got into collecting coins one month after the release of the 2011 ASE set. Not only did I miss out on the set on the release date I did not even know about it until I joined cointalk.com , a coin collecting forum. Collectors were talking about the price jump on the secondary market. And after checking the current prices of the sets I thought I was never going to get one. I mean after all there were comics and statues I had wanted. :)
I watched the prices on ebay and they were all pretty high. Prices ranged from $700-800 and I began ignoring the set. This was also a time I wanted to concentrate on my toned Morgan silver dollar collection. As I filled my collection with common dates I slowly realized, if I wanted to buy silver I might as well try to get a set of Silver Eagles.
Well one day I walked into my local coin store and there it was, a set of 2011 ASE set staring back at me. I hesitantly asked for the price expecting it to be higher than ebay's price. I mean after all why would a store sell anything for below ebay's prices. But thats one of the reasons why I love my local coin store. The price? $650, by all means was not a bargain but definitely cheaper than any online auction site or store.
Needless to say, I waited until my next visit, walked in with cash in hand hoping no one else had snatched it up before I did and dropped down the dough for it. I stared at the cash and shed a single tear, knowing that I could have bought many comics or a single key issue. But at the end I stared at five American Silver Eagles in a nicely made blue wooden box. They were calling me, telling me to buy more coins. Okay they weren't, but you know what I meant...