Stack's and Bowers Dusk and At Dawn 35th Anniversary 2021 ASE/AGE Auction results

derryb

First (type 2) and last (type 1) special label 2021 gold and silver eagles.

What did you buy (TPG, grade and label description) and the hammer price? I didn't buy.

Project Numismatics

I didn't buy anything, but am impressed by the prices realized. Contrary to many here on the thread earlier this week, I actually think the low serial numbers will hold their value well - American Eagles are extremely popular and low serial numbers in other collectible categories (e.g. cars) tend to do very well. Congrats to all who made a pickup.

pcgscacgold

@J2035 said:
I didn't buy anything, but am impressed by the prices realized. Contrary to many here on the thread earlier this week, I actually think the low serial numbers will hold their value well - American Eagles are extremely popular and low serial numbers in other collectible categories (e.g. cars) tend to do very well. Congrats to all who made a pickup.

I agree and think it was a great idea. I would have loved to be able to get one of the first few Gold Eagles minted. Can't take that away from the history of the coin. Some here say it is just a label thing but that is not true. The coin itself is what people were after. The process is all documented.

NJCoin

@J2035 said:
I didn't buy anything, but am impressed by the prices realized. Contrary to many here on the thread earlier this week, I actually think the low serial numbers will hold their value well - American Eagles are extremely popular and low serial numbers in other collectible categories (e.g. cars) tend to do very well. Congrats to all who made a pickup.

I generally agree, because these do have a unique pedigree, coming directly from the mint, as opposed to the artificially numbered rarities created to order by the HSN dude, with the cooperation of all of the grading services. Only 500 of each coin definitely creates a window for future value. That said, it's hard to see a modern issue maintaining an $80-100K value. The 1995-W ASE is a great example, as well as whatever happened with the $100K 2014 gold JFK half dollar.

While people are all bent out of shape over bullion coins with a pedigree going for significant premiums, and everyone seems to be impressed with the fact that relatively few ASEs graded MS-70 by either service, I am very surprised that no one seems to be talking about milk spotting and the fact that neither service guarantees against it.

To me, that's the scariest thing about the prices, much more than premiums fading over time when the pop is only ever going to be 500 for each coin. 4-coin MS-70 sets going for around $20K implies at least a $12K premium for the silver coins over a MS-69.

That's a lot of money to lose if the coins turn in the holders, no matter how carefully they are stored, since no one has figured out how to stop it. For that reason, I am very surprised people were willing to pay that much more for the MS-70 ASEs, no matter how rare they were compared to the MS-69s. While the holder will always say MS-70, if milk spots develop, they won't be worth any more than the MS-69s that were in the $5500 4-coin sets.

derryb

20 years from now when mint is striking trillions of ASEs a year, these will be low mintages. LOL

blitzdude

Already multiple threads on this, Do we really need another one?

See:
https://forums.collectors.com/discussion/1080827/are-these-us-mint-gold-and-silver-eagles-anything-special#latest

davewesen

@derryb said:
20 years from now when mint is striking trillions of ASEs a year, these will be low mintages. LOL

where will they find the silver?

NJCoin

@blitzdude said:
Already multiple threads on this, Do we really need another one?

See:
https://forums.collectors.com/discussion/1080827/are-these-us-mint-gold-and-silver-eagles-anything-special#latest

To be fair, this thread is dealing strictly with the results!

ricko

I am surprised at the results. It is my personal opinion that the values will not hold up in the long term. ICBW Cheers, RickO