Breaking.... eBay auction of the 2019-S ASE $1 ERP PR69 show a weakening in price?
Goldbully
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Remember a PR68 sold for $1525.00 just a few days ago on eBay.
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One listing doesn't make a market.
The few PR70 coins I've seen don't seem to be letting up.. I'm sure someone here is tracking them and will chime in. It will be interesting once all the dust from speculation and FOMO settles, IMO. Then we'll really see if they trend up or down.. I agree with someone here (forget who) that said "this coin has legs!"
That would be my quote! But if it has now reached its peak somewhere around $1500/ea for a raw coin struck last month...it was a lovely ride. It will always carry a huge premium relative to issue price. How much remains to be seen.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Not only this but also the feedbacks of the person selling the coin too you have to consider for some coins selling lower. I wouldn't deal with a lot of these people that are selling this coin right now, only if they have a lot of feedbacks would I deal with them and they would have to have a 100% feedbacks.
In the not too distant future the flippers will be wishing they could get half that total.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I agree Goldbully! But then Christmas 🎄 is coming right around the corner. Could be cause everybody is buying Christmas gifts from 🎅🏿 Santa. Wonder how it will be on the 26th or 27th.
Somebody on this board predicted that AFTER Christmas prices will fall.
My US Mint Commemorative Medal Set
It's all tucked away nice and secure. At the end of the day, I don't care what it does. It's a key date, maybe always will be, maybe not, but it will always be worth more than Mint price! I bought it because it IS a key date, not to flip it. It's been interesting if nothing else!
This coin will hold up pretty well...not saying it won't drop a bit, but not a major drop
lots of short sellers and plenty of buyers
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
There does appear to be a softening in the eBay market, A raw one just went for $1075 & an NGC 69 for $1227.
Is anyone really surprised that the euphoria for this coin is starting to wane? Just wait until the next big thing from the mint comes alone.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The way this coin was distributed may be leading many collectors who didn't get one at the issue price to DROP the series entirely. If that is the case then prices in the aftermarket can be expected to drop steadily. Supply and demand will rule in the end.
The daily median price peaked for OGP coins on December 10, 2019. As of December 17, 2019 we are down 14.9% from that peak price on a daily median price basis...
A factor that is not included in the stats is the influence of low (one) feedback sellers on the prices. Add to that the previously no coin sellers decreases to credibility of actually getting what you pay for. SO a low ball sale or sales really don't say a lot. They are real but have that "Made in China" feel to them
I would watch dealer sales and that would be more indicative of the market....and yes, they are also down a tad
In a couple weeks we will be in a new decade. I'm not sure what are the strong and unique points on this coin are except as a means to an end. I'd rather have a PCGS 1921 HR Peace dollar in MS65, preferably cac.
On the flip side of this argument possibly the quick money flip and maybe false belief that coins are a great investment may bring lots more people into the hobby.
My Ebay Store
But as soon as they realize the chances of "winning" again are poor they will drop out and look for another quick buck scheme. These kind of people aren't interested in collecting, they are interested in making quick money.
I will wait until prices fall below $100... Then add a nice one to my collection...
Cheers, RickO
Yes, the thrill is gone.
oh that this too too solid flesh would melt, thaw, and resolve itself into a dew....
we will know, someday, what history will say of these.
fie ont...ah fie... and turn your canon 'gainst self slaughter...
at least that's what I think Shakespeare would say about it.
Large initial demand in the secondary market from collectors who missed out with the mint. Now many of those collectors have purchased their 1 coin, so demand is down.
Prices will now drift down to their equilibrium price, which I believe will still be quite high.
Doubtful. They may say it now, but they collect the series because they enjoy the series. They'd only be punishing themselves. I would be surprised if more than 5 really stubborn people dropped the series.
You are far more likely to get a surge of interest if the new design is inspired
Given that a common date proof ASE is $40 to $50, when you are paying $99 for this coin, the entire coin market is dead.
I’m not sure about you but I like making quick money as much as the next guy. It has opened our hobby up to lots of people who might otherwise not have. My guess is some will think it’s interesting and delve deeper. Some won’t give a rats ***.
I’m betting it is a net positive.
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There is hope for the 69 if the following is true... while it’s true that an MS70 is the highest grade, it’s not the grade that makes the coin valuable. It’s the number of coins that exist in that grade or potentially could be graded in that condition that make a coin valuable.
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What makes it valuable is the number of collectors with money that need/want one. Supply and demand.
Yes and no. For rare coins supply will always outstrip demand. The challenge/Hope here is if the overwhelming preponderance of the 30k that are graded are 70’s the rarity beyond the just acquiring one is removed and it is the lower grade in which there are currently running at circa a quarter of overall graded becomes the rarity due to scaricity. Happens with Cac stickers where a coin may not cac as a 65 but will cac and be worth more money than the 65 as a super fine example of a 64. Well here is hoping anyway. Will be twenty years to see if that hypothesis stands a chance.
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The human eye can't distinguish between a 69 or a 70. I prefer to keep my ASE's raw in their OGP, just me.
I think that was his point ... he'll buy one when the market is dead.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
I have always wondered how hard it to corner an issue like this. When these had their IPO, market cap was near $2.1 million. Now closer to $30 million - even if you did not corner, you could set a floor.
Further weakening for the 69's.
https://www.ebay.com/itm/2019-S-American-Eagle-Silver-Enhanced-Reverse-Proof-IN-HAND-FIRST-STRIKE-w-COA/223795836280?autorefresh=true
Many of those 69s would 70 ATS
My PCGS 70 auction ended last night at $2180
Buyer has 13 feedback with two being false positives where seller states buyer never paid or made contact. Pretty sure I’m not getting paid.
My Ebay Store
Did you sent him a invoice? That was the first thing I did so the buyer knows the total cost.
I got a message back from the Buyer that he needed a few days to round the money up but that he just wanted me to know he was going to buy it.
I messaged him back sure just keep me up to date.
About 30 seconds later I get a mesage from my Pay Pal that I just got paid! He had a low feedback rating too lower that 13 but they came through. This is more of a encouraging post to keep positive and let us know the outcome. Hopefully you will post back that they buyer paid!
I don't usually send an invoice since I offer free shipping. The total is what it is. After looking at their feedback, it seems they buy coins from other sellers, but the two feedback about not paying were both for 2019-S ERP coins. One sealed box, one presale. Maybe I'll get lucky but not holding my breath.
Merry Christmas
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eBay auction just closed, 5 days after OP.
Price down $150 on this 69.
Does a COA over 500 really mean anything to a collector?
https://www.ebay.com/itm/2019-S-Silver-Eagle-Enhanced-Reverse-Proof-1-PCGS-PR69-First-Strike-w-COA-/184079949963?autorefresh=true&nma=true&si=rhzWyJtNwS3S8pqXW4kiESDKIkE%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
$2181.56. W 1/2 hour to go
2019-S Silver Eagle Dollar Enhanced Reverse Proof PR70 PCGS FS w/ COA #02607
https://rover.ebay.com/rover/0/0/0?mpre=https://www.ebay.com/ulk/itm/362852088768
$2180.00.
2019 S American Silver Eagle Enhanced Reverse Proof NGC PF70 Early Releases /COA
https://rover.ebay.com/rover/0/0/0?mpre=https://www.ebay.com/ulk/itm/184086473739
$1951.00 Will this stay under 2k?
2019 S SILVER EAGLE ENHANCED REVERSE S$1 NGC PF70 FIRST RELEASES 19XE
https://rover.ebay.com/rover/0/0/0?mpre=https://www.ebay.com/ulk/itm/133273415547
This eBay auction just closed about 15 minutes after the one above.
Notice the COA#23605......not exactly a selling point.
Closes $45 lower than the COA#7465 above.
https://www.ebay.com/itm/2019-S-American-Eagle-1-Silver-Enhanced-Reverse-Proof-PCGS-PR69-First-Strike-/372877394423?nma=true&si=rhzWyJtNwS3S8pqXW4kiESDKIkE%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
After Christmas sales are coming soon an NGC 70 just hit under $2,000 and a whole lot more just graded.
My US Mint Commemorative Medal Set
I’ve gotten eBay price reduction notices for a couple of PR69s.
Maybe it's just me, but I think this hypothesis is flawed beyond measure.
The supply outstrips the demand. But the hope that a coin in LOWER grade will be more valuable because it is scarcer. Economics 101 says that the price of the 70 just drops because supply outstrips demand and it will drag the 69 down with it, albeit more slowly because it is less expensive to begin with not because it is more scarce.
Well we shall see JM. mintage rarety vs grade rarety. In the scenario described above you have a mintage rarety offsetting a grading non rarety ie the propenderence of graded coins are 70. Not sure how many times this dynamic has been in play in the past...wind against tide. I have one of both so am set either way. Merry Christmas JM
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Just like the 2011 issue, and others, will wait a few years to buy one for much less AND w/o milk spots.
Don't you mean "just like the 1995W"? The 2011 has almost 4x the mintage.
Looks like the low COA #02521 kept this 69 afloat.
One bid win is not a good sign.
Looks like the 69's are started to get spanked.
https://www.ebay.com/itm/2019-S-American-Eagle-1-Oz-Silver-Enhanced-Reverse-Proof-FIRST-STRIKE-PCGS-PR69-/254455682305?nma=true&si=rhzWyJtNwS3S8pqXW4kiESDKIkE%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
What? No Lowballs yet? No PO01?theres big money in That!
From a popcorn-eaters standpoint, the hype behind this piece was like the eruption of Krakatoa - massive! It would be nice if it held its value for true collectors who bought it to keep and had to pay a hefty premium.
It would be even nicer if the price collapsed so true collectors that missed out on this deal could afford to buy one.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Many new members with a single post suddenly chimed in the ERP main thread that day and I have not seen any of them lately
This one is key for most who truly love collecting.
At that is at the heart of the debate.. those that are into coins as a business love the price jump and that is totally understandable. Those that collect as a hobby and did not get one as part of a long time collection, cannot afford it and are pissed, also understandable.
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