2024 American silver eagle with star privy
WALLE
Posts: 253 ✭✭✭✭
I just ordered the 2024 P ASE with the STAR PRIVY uncirulateded (500,000) is the mintage. I thought it would go well with my 2020 75V. I believe this is only second one to have a privy.
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Pinehurst coins
It might be the second ASE to have a privy, but they are two very different things, so I'm not sure that they really go well together.
One commemorates the 75th anniversary of the end of WWII. The other commemorates nothing, other than a commercial partnership between the US Mint and a mobile gaming studio.
Once you get past that, one is a proof coin with a mintage of 75K, and the other is a bullion coin with a mintage of 500K. But, if you think they pair well together because they both contain a privy mark, it's your collection and your call.
I actually think this coin is a phenomenal buy considering it is the lowest mintage mint state silver eagle at a mere 500,000. No brainer imo.
The price is not too much more than a regular SE. I'll pick up one or two just for kicks.
I have an NGC slabbed not graded one in hand. I have a PCGS MS70 one with the struck in Philadelphia label on preorder. I just hope this doesn't become too common. I have a hard enough time keeping my ASE sets complete as it is.
There is already another thread on this.
There will be another one of these privy silver eagles being released with an eagle privy on it. I’m guessing that will be a 2025 dated coin, but I don’t recall when it’s coming out.
Pass. 500,000 is low mintage? I suppose for an ASE.
Not really. Maybe for a bullion coin. But, it's still a bullion coin. A bullion coin selling for a significant premium to other bullion coins, because there are "only" 500K of them as compared to 20 million.
I guess that's worth something. Just not to me.
Because bullion is not meant to be sold for a premium like numismatic product is, 500K is far from rare, and I doubt future buyers are going to pay a premium for a bullion coin with a privy mark.
Many numismatic products with far lower mintages end up being sold for melt. Very difficult to see this being any different, given that it's really nothing more than a gimmick tied to a video game. With a far higher mintage than any modern numismatic offering.
Right now at Apmex the privy version is $6 more than the regular 2024 SE.
I am just a casual buyer/collector of business strike SEs, but $6 is not an obstacle as far as I'm concerned.
Yeah. $6 isn't bad if you like it. My only point is that it's another $6 you won't be getting back when you go to sell. As I said, it's probably worth something. $6 sounds about right.
‘’I actually think this coin is a phenomenal buy considering it is the lowest mintage mint state silver eagle at a mere 500,000. No brainer imo.’’
Why are we ignoring the 100,000 mintage 2011-S Mint State silver eagle that is only worth a touch over $100-$125 even with a mere 100,000 mintage?
Also, what about the 2008-W Rev of 07 MS Silver Eagle with its sub-70,000 (est) mintage?
Wondercoin
The 2008 w reverse 2007 is a burnished coin, and the 2011 s is a special coin released in that 5 coin anniversary set. This star privy is a bullion coin, coming in the green monster boxes. This coin has several factors going for it: if the mint continues these mint state privy coins they should have the ability to mint higher future numbers because this coin was struck so late in the year it’s now over with, these should be required for mint state registry sets and collectors putting together mint state sets (like holes in dansco albums). Prior to this coin, the lowest mintage bullion coin is the 1996 (I believe) with 3+ million.
I could see the mint striking these privy coins in proof versions in the future if they deem them successful. Making both a plain and privy proof coin option.
I think these are a gift being priced at sub $50 right now.
‘’I actually think this coin is a phenomenal buy considering it is the lowest mintage mint state silver eagle at a mere 500,000. No brainer imo.’’
The above is what you said and it simply was not the case. Hence, my comment.
Now, you appear to have changed the statement to only deal with “bullion” mint state silver eagles found in monster boxes. That’s entirely up to you. Meanwhile, the spectacular MS Silver Eagle from 2011 (San Francisco) released in the special Anniversary set has 1/5 the mintage and is only about a $125 coin nearly 14 years later. Seems a great deal closer to the “no brainer” you suggest. Yes?
Just my 2 cents.
Wondercoin
Wonder when they will slab a section of the monster box band with the full serial number visible? Creative marketing for moderns but I wouldn't want to see cut pieces of an authentic Caraon City Mint canvas bag slabbed with a CC Morgan dollar like this.
The mint putting together 5 special coins in an anniversary set doesn’t exactly get the same mint state vibe as monster box coins which have a massive collector base. Yes you are correct the 2011 s is the lowest mintage mint state coin, but the reason it’s a $125 coin is because it doesn’t fit into anything. The mint never made another one (at least I can’t remember if they did). I always felt that coin was a widget in the entirety of the silver eagle program, and never could catch on because it didn’t fit anywhere.
Anyway, I hope you’re not completely overlooking this privy coin which can be had for spot plus ~$10-$12. What’s the downside?
1madman. I wasn’t rendering an opinion at all on those star coins. Just addressing the issue of mintages.
And, of course, it would not surprise me at all if one day, in the not so distant future, a silver eagle melts for more than the $12 add on you just mentioned.
Wondercoin
You could go broke buying all the "no brainer" investments out there.
There are no silver eagles with mintages above about 150,000 that carry significant premiums to their peers. 500,000 is triple that. It's a nice coin at a good price with little downside. However, I'm not sure that it will carry any premium to the privyless coin down the road.