How long until just the Silver reverse proof is worth $500?

holeinone1972 · May 21, 2007 5:22AM

How long until just the Silver reverse proof is worth $500 all by itself?

I only ask as I just bought a handful of NGC 69 at $320 each.

I am getting closer to divorce with each transaction and telling her, TRUST ME it's gonna go up.

So is it?

guitarwes · May 21, 2007 5:25AM

it's already WAY passed that on Coin Country........

good move

Djord · May 21, 2007 5:26AM

The PCGS reverse proofs will hit $500.00 in about 3 months, while the NGC counterpart will level out at about $275.00.

Bochiman · May 21, 2007 5:26AM

<< How long until just the Silver reverse proof is worth $500 all by itself?

I only ask as I just bought a handful of NGC 69 at $320 each.

I am getting closer to divorce with each transaction and telling her, TRUST ME it's gonna go up.

So is it? >>

Just tell her she gets half and she will be glad for the extra cash

MFH · May 21, 2007 5:27AM

Just paid $381 on Ebay for a raw one...

I know I'm a day late on getting in on these.

holeinone1972 · May 21, 2007 5:28AM

<< The PCGS reverse proofs will hit $500.00 in about 3 months, while the NGC counterpart will level out at about $275.00. >>

Sometimes I see that NGC is lower than PCGS with value, but I do not see it this time.

I honestly don't think it will matter PCGS, NGC or raw unless it is a 70.

I sure hope I am right.

Currently the NGC 69 reverse proof is hovering over $365 alone now.

dan383 · May 21, 2007 5:30AM

<< How long until just the Silver reverse proof is worth $500 all by itself?

I only ask as I just bought a handful of NGC 69 at $320 each.

I am getting closer to divorce with each transaction and telling her, TRUST ME it's gonna go up.

So is it? >>

While I believe it will go over $500 ( someday ) , Your wife may be worth more
than a profit of $180..........even by the handful

Dan

ModernCrapNut · May 21, 2007 5:45AM

I think you'll see by the end of the year at the latest.

kwmorgan · May 21, 2007 5:52AM

Wow. Amazing prices on modern stuff. I bought one set and stuck it away. Looked the other night at it and no milk spots..Yay!

My reverse proof is at least 69, IMHO.

Bochiman · May 21, 2007 5:53AM

Now, see? THIS is speculating and chasing the rainbow.

This is where I got burned in the dotcom days and where I draw the line with coins. Good luck and be careful.
Buying at the onset, mint price, and then holding on, is one thing. Buying/selling/buying/selling as the price goes up, is completely another.

I, personally, hope these hit $1000 raw (I still have ~8-10 of these...incl a 5set unopened box), but, that said, if they were to crash, I wouldn't be crying because I am in at $100/set.

TrustNo1 · May 21, 2007 6:01AM

I checked ebay and a few raw sets are hitting over $535 with a few hours to go....minus the reg proof and W, and it wont be long for the one coin to hit that easily.

Bochiman · May 21, 2007 6:06AM

<< I checked ebay and a few raw sets are hitting over $535 with a few hours to go....minus the reg proof and W, and it wont be long for the one coin to hit that easily. >>

???

The sets include the reg proof and unc W.
Are you saying the packaging and RP are going over $535? Or that all 3 in the packaging are over $535 and you believe that the RP will hit that by itself soon?

kwmorgan · May 21, 2007 6:18AM

If the reverse proof is a "one year wonder", my gut tells me this coin will certainly be the second most valuable in the series, behind the 1995-W proof. I'm going to find it very hard to part with my RP. It is a very attractive coin.

TrustNo1 · May 21, 2007 6:29AM

<< 

<< I checked ebay and a few raw sets are hitting over $535 with a few hours to go....minus the reg proof and W, and it wont be long for the one coin to hit that easily. >>

???

The sets include the reg proof and unc W.
Are you saying the packaging and RP are going over $535? Or that all 3 in the packaging are over $535 and you believe that the RP will hit that by itself soon? >>

yes, the sets will bring in over $700 soon edited to add: I havent seen any RP for sale solo.

ABSilvercoins · May 21, 2007 7:05AM

>>>>Now, see? THIS is speculating and chasing the rainbow.

Maybe so, but it could just be supply and demand. The supply being fixed, the price may just keep going up until the coins fall out of favor, or they get too expensive.

The mint made a million too few reverse proofs and the coins are very attractive, in aesthetics, rarity and collectibility.

There might not be any RP silver coins made for a while, and that will probably help keep the demand pretty intense.

Right now, the sets are still "affordable"...

I think the price will coninue marching upward until it is just too painful for Joe Collector to aquire a set.

IMO That is the equilibrium point between supply and demand for this issue. (edit to correct punctuation)

kwmorgan · May 21, 2007 7:13AM

Good assessment, ABsilver.

Interesting dichotomy in the 2006 ASE silver set, I must admit. The RP is on it's way to being a key of the series, while the regular 2006-W is basically just a really nice paperweight. How many ASE regular proofs for last year? It had to be 1 million plus.

ericj96 · May 21, 2007 7:15AM

Why do you guys keep talking endlessly about these 2006-w unc and RP modern bullion rounds........you know "modern junk". Can't you see that they are not "coins" and therefore of no value......never mind that they are they undisputed key to a 140,000,000 population silver dollar series.
I have some old morgans I can sell you...............you know REAL COINS!

You guys must be incompetent nubes.......

LOL

ericj96

mach19 · May 21, 2007 7:20AM

The way these are climbing, THE FOURTH OF JULY.

57loaded · May 21, 2007 7:20AM

<< The PCGS reverse proofs will hit $500.00 in about 3 months, while the NGC counterpart will level out at about $275.00. >>

One month for the PSGS to hit $500 the NGC's are getting cracked and resold raw in sets ...lol

ModernCrapNut · May 21, 2007 7:22AM

<< Good assessment, ABsilver.

Interesting dichotomy in the 2006 ASE silver set, I must admit. The RP is on it's way to being a key of the series, while the regular 2006-W is basically just a really nice paperweight. How many ASE regular proofs for last year? It had to be 1 million plus. >>

I saw 848,000 mintage for the 06 proof, plus there were 250,000 for the sets.

ModernCrapNut · May 21, 2007 7:24AM

<< 

<< 

<< I checked ebay and a few raw sets are hitting over $535 with a few hours to go....minus the reg proof and W, and it wont be long for the one coin to hit that easily. >>

???

The sets include the reg proof and unc W.
Are you saying the packaging and RP are going over $535? Or that all 3 in the packaging are over $535 and you believe that the RP will hit that by itself soon? >>

yes, the sets will bring in over $700 soon edited to add: I havent seen any RP for sale solo. >>

On ebay, search for 2006 anniversary in the coins section and single RPs should come up....I saw several there earlier today.

TrustNo1 · May 21, 2007 7:24AM

<< Why do you guys keep talking endlessly about these 2006-w unc and RP modern bullion rounds........you know "modern junk". Can't you see that they are not "coins" and therefore of no value......never mind that they are they undisputed key to a 140,000,000 population silver dollar series.
I have some old morgans I can sell you...............you know REAL COINS!

You guys must be incompetent nubes.......

LOL

ericj96 >>

ABSilvercoins · May 21, 2007 7:26AM

>>>>>> You guys must be incompetent nubes.......

People collect what they like. Some people collect PEZ dispensers. Feel free to jump in the nearest lake.

Edit: OK, you got me. Being a relative nuebee, I didn't know Eric's preferences or sense of humor.

kwmorgan · May 21, 2007 7:35AM

I'm a serious Morgan collector and I like the ASE's because they are a silver dollar. If it's SILVER and says "ONE DOLLAR", I like it.

Seated, Morgan, Peace, Ike 40%, ASE...no matter.

I DON'T like brass dollars, especially with crappy renditions of past presidents. The JA dollar looks horrible. It looks like a cheap gaming token.

mach19 · May 21, 2007 7:35AM

<< >>>>>> You guys must be incompetent nubes.......

People collect what they like. Some people collect PEZ dispensers. Feel free to jump in the nearest lake. >>

It does not need to be the nearest

kwmorgan · May 21, 2007 7:41AM

<< 

<< Good assessment, ABsilver.

Interesting dichotomy in the 2006 ASE silver set, I must admit. The RP is on it's way to being a key of the series, while the regular 2006-W is basically just a really nice paperweight. How many ASE regular proofs for last year? It had to be 1 million plus. >>

I saw 848,000 mintage for the 06 proof, plus there were 250,000 for the sets. >>

Wow...almost 1.1 million. They'll make affordable stocking stuffers.

Bochiman · May 21, 2007 7:41AM

<< 

<< >>>>>> You guys must be incompetent nubes.......

People collect what they like. Some people collect PEZ dispensers. Feel free to jump in the nearest lake. >>

It does not need to be the nearest

>>

AB.....Eric was saying it in a sarcastic voice...he just didn't use a smiley (he is one of the biggest on the bullion called platinum).

Mach19.....Good response...if it was for Eric, I would be laughing even harder

Jcarney · May 21, 2007 8:03AM

<< >>>>>> You guys must be incompetent nubes.......

People collect what they like. Some people collect PEZ dispensers. Feel free to jump in the nearest lake. >>

ABS, he was joking. Eric is one of the biggest modern guys out there.

ABSilvercoins · May 21, 2007 8:23AM

Hey Eric! Never mind the thing I said about the lake...

Erics's latest

persaus · May 21, 2007 8:59AM

<< Why do you guys keep talking endlessly about these 2006-w unc and RP modern bullion rounds........you know "modern junk". Can't you see that they are not "coins" and therefore of no value......never mind that they are they undisputed key to a 140,000,000 population silver dollar series.
I have some old morgans I can sell you...............you know REAL COINS!

You guys must be incompetent nubes.......

LOL

ericj96 >>

June 6 2007 ..........I am ready and loaded....

fishcooker · May 21, 2007 9:08AM

Perhaps when the 1999 silver proof set hits $500, as it was going to several years ago.

ddink · May 21, 2007 9:14AM

<< Buying at the onset, mint price, and then holding on, is one thing. Buying/selling/buying/selling as the price goes up, is completely another. >>

Is it? When you *don't* sell a coin, you are essentially buying it. In the end, opportunity cost is the exact same as actual cost; you just look at them from different angles.

persaus · May 21, 2007 9:16AM

<< Perhaps when the 1999 silver proof set hits $500, as it was going to several years ago. >>

Perhaps when a 1897 Morgan hits $500, as it was going to 50 years ago

Overdate · May 21, 2007 9:16AM

Interesting dichotomy in the 2006 ASE silver set, I must admit. The RP is on it's way to being a key of the series, while the regular 2006-W is basically just a really nice paperweight. How many ASE regular proofs for last year? It had to be 1 million plus.

For some obscure reason, the standard (non-reverse) 2006-W ASE proofs are going for several dollars more than other recent common dates.

OPA · May 21, 2007 9:51AM

<< Why do you guys keep talking endlessly about these 2006-w unc and RP modern bullion rounds........you know "modern junk". Can't you see that they are not "coins" and therefore of no value......never mind that they are they undisputed key to a 140,000,000 population silver dollar series.
I have some old morgans I can sell you...............you know REAL COINS!

You guys must be incompetent nubes.......

LOL

ericj96 >>

Thanks for your offer .. but I've done the "Peace & Morgan Dance"

I'm now duin de "Modern Junk" two step...buy low & sell high..

holeinone1972 · May 31, 2007 5:37AM

Here are the latest finalized eBay auctions for the 2006 P reverse proof single coin.

It won't be long end of June at the latest. (At least I hope!)

Rob

kwmorgan · May 31, 2007 7:17AM

<< Interesting dichotomy in the 2006 ASE silver set, I must admit. The RP is on it's way to being a key of the series, while the regular 2006-W is basically just a really nice paperweight. How many ASE regular proofs for last year? It had to be 1 million plus.

For some obscure reason, the standard (non-reverse) 2006-W ASE proofs are going for several dollars more than other recent common dates.

>>

With the "silver surfer" 25c coins even going up, somehow this doesn't surprise me as well. You're right. Go figure.

HonoluluDude · May 31, 2007 8:36AM

2006-W uncirculated eagles are going crazy too. $100+ for the ones sold
individually (and uncertified). The slabbed ones with the 20th anniversary
label are going for almost $200.

This is nutty.

BAJJERFAN · May 31, 2007 8:44AM

<< Maybe so, but it could just be supply and demand. The supply being fixed, the price may just keep going up until the coins fall out of favor, or they get too expensive. >>

The supply is adequate; its just that it is not very equitably held at the moment. When 250,00 sets are owned by 230,000 people instead of 20,000 people the price will not hold, book it.

ddink · May 31, 2007 10:46AM

<< The supply is adequate; its just that it is not very equitably held at the moment. When 250,00 sets are owned by 230,000 people instead of 20,000 people the price will not hold, book it. >>

The supply of 250,000 coins is woefully inadequate for the millions of ASE collectors out there. Just like the '95-W, prices will continue to rise, book it.

BAJJERFAN · May 31, 2007 11:51AM

There can't be millions of ASE collectors out there. On average there would be about 8 coins of each date for one million collectors. There are many of you out there with scads of rolls and green monster boxes of the things so if there are millionS of collectors many of them must have the bare minimum of one coin per year per person. I'd guess 90% of what is being bought right now is being bought by speculators.

ddink · May 31, 2007 12:14PM

<< I'd guess 90% of what is being bought right now is being bought by speculators. >>

Nope. Nowhere close.

BAJJERFAN · May 31, 2007 12:30PM

I'm pretty sure that its not your average collector paying $8 0r 9K for an unopened box of 10 sets. I seriously doubt that your average collector will pay $1000 for a single coin or a set just like your average Morgan collector does not have a 93-s in any grade and at today's prices probably never will.

ABSilvercoins · May 31, 2007 1:34PM

<< The supply is adequate; its just that it is not very equitably held at the moment. When 250,00 sets are owned by 230,000 people instead of 20,000 people the price will not hold, book it. >>

They made a beautiful, collectible, rather unique coin in the RP.

They made a million too few just for 2006. Average coin collectors who get a proof every year or buy 6 or 8 bullion coins for the grandkids didn't know about this coin.

This is not following a "craze" pattern like tulip bulbs (bigger fool theory) or DotCom stocks. The collector demand is high and will remain so. You'll see fewer and fewer for sale even as the price goes up.

You want an example other than the 1995-W? Look at the 2001-P Buffalo $1 (commemorative). The mint didn't make enough of them either.

TomB · May 31, 2007 1:40PM

I believe this issue has a legitimate chance of not only retaining its gains, but also of climbing to a higher level with time. This is because it has a relatively low mintage for the series and the fact that its quite unusual finish combined with mintage may recruit folks into a purchase who would otherwise not buy this series. Additionally, if this issue becomes embedded in the Dansco or Whitman series albums then more folks will go after the coin.

ABSilvercoins · May 31, 2007 3:37PM

They are selling for around $500.00 on eBay, I think. PCGS 69s are anyway

BlindedByEgo · May 31, 2007 4:01PM

When will they be "worth" $500?

When silver is $500/ oz.

When will there be buyers willing to pay $500?

Right now, I think.

garsmith · May 31, 2007 4:08PM

Tell her you already sold them at $200 each, give her 1/2 and than sell them later!

Julio · May 31, 2007 4:45PM

I have 2, PCGS MS69's RP.
I been sittting on them.
Reasons beyond my comprehension; gave the 20th. Anniv. label, only to the RP.
They were sent in a sealed mint box???
All should have gotten the 20th Anniv. label.
Go figure? jws

Overdate · May 31, 2007 4:56PM

I'd guess 90% of what is being bought right now is being bought by speculators.

I would guess that many ASEs are being bought for their original purpose - a convenient form of silver bullion. As the price of silver goes up, the percentage premium on these coins becomes lower.

By my count, well over 100 million ASEs have been produced since 1986. This could be affecting the amount of silver available for other uses, since it is unlikely that many silver eagles will be melted for their bullion content.

fivecents · May 31, 2007 9:30PM

<< Reasons beyond my comprehension; gave the 20th. Anniv. label, only to the RP. >>

<< They were sent in a sealed mint box??? >>

You should call PCGS and tell them what happened with your submisson. Hopefully PCGS will make it right for you. Having the anniversary label on the other two coins in your set will bring you much, much, more $$$ when you sell.

How long until just the Silver reverse proof is worth $500?

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