2006 silver reverse proof set: changed outlook?

nard1

Many on this forum were very bullish on the short and long term prospects for this set about a month ago. Have some changed their view on the investment potential for this set? Short term?Long term (a year plus) ?

GAT

A lot of BS has been posted on the forum about the sets having reached their maximum. However, those of us that have been around for awhile know it's normal for prices to be weak during the summer. The prices will pick up during the fall-winter.

nard1

Thanks GAT. Is this a good time to buy coins and notes on my want list ?

CalGold

They might make an interest buy at 3-5% over melt, but with silver in a bear stage, its tough to figure how low to price them now.

CG

HonoluluDude

I think they are still a good long term buy and hold, despite recent weak prices.

Also, the 2006-W Eagle seems to be holding up pretty good.

Jcarney

<< <i>They might make an interest buy at 3-5% over melt, but with silver in a bear stage, its tough to figure how low to price them now.

CG >>

BECOKA

No change, I have my one set payed for by the other sets. So far the two important ones show no signs of spotting but the regular proof does have some hints that it will be trouble.

Russ

<< <i>They might make an interest buy at 3-5% over melt, but with silver in a bear stage, its tough to figure how low to price them now. >>



You buy them at that, and I'll double your profit.

Russ, NCNE

mach19

<< <i>

<< <i>They might make an interest buy at 3-5% over melt, but with silver in a bear stage, its tough to figure how low to price them now. >>



You buy them at that, and I'll double your profit.

Russ, NCNE >>







Ditto, Even tripple

callawayc7

<< <i>They might make an interest buy at 3-5% over melt, but with silver in a bear stage, its tough to figure how low to price them now.

CG >>



I would like to have some of what your smoking.

Smitty79

<< <i>

<< <i>They might make an interest buy at 3-5% over melt, but with silver in a bear stage, its tough to figure how low to price them now.

CG >>



I would like to have some of what your smoking. >>



Methinks CG left out the all important "reverse" when reading the thread title.

jmski52

Many on this forum were very bullish on the short and long term prospects for this set about a month ago. Have some changed their view on the investment potential for this set? Short term?Long term (a year plus) ?

I didn't even have time to look my sets over before the prices had zoomed way past what I expected they would be at in 5 years. So, I think that they might be a little ahead of themselves. In addition, any valuation being done on these sets has to consider the mintage, compared to the 1995-W Proof, which is still the key (and it is 12 years ahead of the 2006, in terms of being dispersed.)

On the other hand, the Satin Finish and the Reverse Proof in this set are probably both keepers - the Reverse Proof more so. We simply don't know which direction that the Mint is going to bolt next. My guess is that the Mint will turn its attention to other things, and that the 2006 Reverse Proof will stand alone for awhile, in terms of the Special Finish in the Silver Eagle Series. That is worth something for several reasons - it's unique (within the series), it's scarce (relative to demand), and it's just a killer-lookin' coin.

For all of those reasons, I think that the investment potential is "better than average", and the only reason that I wouldn't put it in the longterm category of "back up the truck," is because it has already had some serious gains.

fivecents

I am bullish on these sets.

I think the market will be even stronger for PCGS and NGC sets with the anniversary label on all three coins. The raw sets will eventually be considered put together sets because two out of three of the coins can be purchased outside of the anniversary sets. The real money will be for sets that were NEVER opened by there original owners, but keep sealed or opened up by PCGS or NGC.

Is PCGS crossing NGC ASE's with the anniversary label? If not, PCGS is saying they don't trust NGC and may think that they have holdered opened anniversary sets with the anniversary label. A chain is only strongest as the weakest link.

TheRaven

I think this is a premium set to have and I wish I would have bought 10 of these instead of 1.....

As long as silver eagles are popular these coins will continue to increase in value over time I think.....

The RP will never touch the 95W, but will clearly be #2 without question unless something else comes out in the future.....

FLBuffaloHunter

<< <i>I am bullish on these sets.

I think the market will be even stronger for PCGS and NGC sets with the anniversary label on all three coins. The raw sets will eventually be considered put together sets because two out of three of the coins can be purchased outside of the anniversary sets. The real money will be for sets that were NEVER opened by there original owners, but keep sealed or opened up by PCGS or NGC.

Is PCGS crossing NGC ASE's with the anniversary label? If not, PCGS is saying they don't trust NGC and may think that they have holdered opened anniversary sets with the anniversary label. A chain is only strongest as the weakest link. >>


Third party designations do not crossover. If you send a 20th anniversary set from NGC to PCGS for crossover, they only designate the Reverse Proof as 20th Anniversary or vice versa.

TheRaven

I want to know this, I am not being negative to anybody here.....

What is the big deal if the Proof SAE or the W Unc is labelled 20th anniversary?

The Proof coin is a proof coins there should be no premium on this coin at all.....

And we know the W Unc is a 20th anniversary coin.....

Enjoymint

<< <i>And we know the W Unc is a 20th anniversary coin..... >>



They were available seperately directly from the Mint.

57loaded

<< <i>I want to know this, I am not being negative to anybody here.....

What is the big deal if the Proof SAE or the W Unc is labelled 20th anniversary?

The Proof coin is a proof coins there should be no premium on this coin at all.....

And we know the W Unc is a 20th anniversary coin..... >>



If it's part of the set the then with the proof there are 250k of those and 250k of the UNC. Funny thing is there were LESS single W UNC sold as singles, but once people sold the set opened, the proof and UNC it gets "only" single status. Kind of like the millenium ASE/Sac set.

Loki

I see this summertime stage as an EXCELLENT buying opportunity, especially with graded RP's going for $100/$150 less than they were pre-summer.
Many people that have descretionary income are on vacation and are either not willing or able to get online to buy.
The parking lots at the company where I work are half empty this time of the year.
When vacation time is over, and this will be very soon, I fully expect to see these sets and coins to rapidly increase in value to well beyond pre-summer prices!

Rarity

The RP in PCGS-69 can be had for under $300 this week

TrustNo1

<< <i>The RP in PCGS-69 can be had for under $300 this week >>

a forum member has one on ebay and its already over $300 with over a day to go...any dip in price on coins in this set is temporary

coinsarefun

Check out the 2006 PR error on the bay

Linky

I have one and was wondering if I should have it graded maybe now I will? But, I am not sure if mine will be noted as error.