Help me understand the new reverse proof frenzy

jmlanzaf

@Overdate said:

@ricko said:
@jmlanzaf....You are probably right....However, that is when I may start to look around...if the Mint does not start selling the returns that people will send back because they are not 70's.... Cheers, RickO

I don't see that happening. 69's are bringing around $700 on eBay, which is about the current price for unslabbed ones.

Agreed. Anyone who returns this coin for a slight problem is an idiot. They can flip it for far more than the $66 the Mint is going to return to them.

Gluggo

@Overdate said:

@ricko said:
@jmlanzaf....You are probably right....However, that is when I may start to look around...if the Mint does not start selling the returns that people will send back because they are not 70's.... Cheers, RickO

I don't see that happening. 69's are bringing around $700 on eBay, which is about the current price for unslabbed ones.

69's getting $700.00 wow I have not even looked yet on the 69's. Any chance you can post a few of the 69's sold or for sale.

I found a few but 70's for $1,849.00
https://www.ebay.com/itm/2019-S-1-ENHANCED-REVERSE-PROOF-SILVER-EAGLE-NGC-PF70-FR-PRESALE/123975997488?_trkparms=aid=333200&algo=COMP.MBE&ao=1&asc=20171012094517&meid=e272e1f83ba945b38e9f13ae1f9d3bdf&pid=100008&rk=2&rkt=12&sd=264536863506&itm=123975997488&pmt=1&noa=0&pg=2047675&_trksid=p2047675.c100008.m2219

and $2499.00

https://www.ebay.com/itm/2019-S-AMERICAN-EAGLE-ONE-OUNCE-SILVER-ENHANCED-REVERSE-PROOF-COIN-PCGS-SET/264536863506?hash=item3d97a03312:g:vs4AAOSwHt9d0ecn

$15,000.00
https://www.ebay.com/itm/2019-SAN-FRANCISCO-1-SILVER-AMERICAN-EAGLE-ENHANCED-REVERSE-PROOF-PCGS-PR70/254424980163?hash=item3b3ce91ac3:g:TWwAAOSwuCBd0dP

The rest of these are raw between $600.00 and $700.00 Man are they going nuts over these!

https://www.ebay.com/sch/i.html?_from=R40&_nkw=pcgs+69+American+Eagle+One+Ounce+Silver+Enhanced+Reverse+Proof&_sacat=0&LH_TitleDesc=0&rt=nc&LH_Complete=1

Ohhh Wait a Minute here are some of the 69's

$999.00 But then these are the NGC and they don't have the Encapsulated COA which will bring the price up!!!!!!

https://www.ebay.com/itm/2019-S-1-ENHANCED-REVERSE-PROOF-SILVER-EAGLE-NGC-PF69-FR-PRESALE/283665987184?_trkparms=aid=333200&algo=COMP.MBE&ao=1&asc=20171012094517&meid=e272e1f83ba945b38e9f13ae1f9d3bdf&pid=100008&rk=9&rkt=12&sd=264536863506&itm=283665987184&pmt=1&noa=0&pg=2047675&_trksid=p2047675.c100008.m2219