I agree with 7/8 when it comes to the proof uglies, the latest crash to Grant is where I would start buying if I was into the proofs. The uncs though will be killer is my guess once the set concludes.
PS I'm not surprised the Eliza hit a new low, the press operator much have passed out coining those ones.
<< <i>There are reasons, which I can not get into here, why the spouse coins have not been "hot" of late. That said ... I am still personally very excited about the future of this series and continue to gobble up coins as offered to me. So, please keep offering them!
As always, just my 2 cents.
Wondercoin >>
I just don't have enough free cash to sit on these longterm.
Wonder do you or maybe John M allow people to make payments on pricier coinds, like a 2 grand coin?
Successful coin BST transactions with Gerard and segoja.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
This utter sales collapse may create some serious coins on the next striking run for the coins that are coming out for sale over the next 12 months. Take a tiny number to start with and have a high scrap rate on one of them and then SURPRISE SURPRISE a CRAZY coin shows up. Problem is I dont know what to focus on and I cant afford to focus on all of them.
Cakes: I try to work with collectors (board members especially) the best I can, as I am sure John M. does.
Eric J.'s comment is fair ... essentially pursuing spouse coins, to some extent, draws upon one's own personal cash flow issues, especially so if one is trying to "focus" on the entire set. Obviously, if buying some 2011 spouse coins prevented one from buying the (5) 25th Anniv sets for cash flow reasons, that would not be good at all.
Just my 2 cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
We don't have a lay-a-way policy for a number of good reasons (for both buyer and seller) that I have learned over the years so that is what you would be told if you were to call us. That said, if you are a board member and email me directly I'll work with you when possible as Mitch also stated.
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>This utter sales collapse may create some serious coins on the next striking run for the coins that are coming out for sale over the next 12 months. Take a tiny number to start with and have a high crap rate on one of them and then SURPRISE SURPRISE a CRAZY coin shows up. Problem is I dont know what to focus on and I cant afford to focus on all of them. >>
Can you please select 1 uncirculated issue, of those currently avialable from the mint, that would at least have a chance?
I will look into them for you and send you a PM this weekend. I also still owe FL Mike a short book I ahv enot been able to write yet.
Also note all my master mintage data for eagles, FS and buffs is in my signiture line. I am working the commems master listing now and they should be up soon. Guys these are final finals with * estimates where needed. The most up to date listing anywhere.
Well Garfield unc is selling at a considerably slower pace than any spouse ever has, but she is not a good looking coin. The 2012 (1st term) Cleveland unc. looks to be more attractive, and might be struck in even smaller numbers.
I am wondering if the Alice Paul will be a super dud or will the historical aspect give her a bump. If we go by how sb anthony plays then there is not much hope for an upward swing.
Gold and silver are valuable but wisdom is priceless.
The 2012 (1st term) Cleveland unc. looks to be more attractive, and might be struck in even smaller numbers. >>
I was looking through the designs and noticed 2 Cleveland coins. I know he served two non-consecutive terms but that strikes me as really dumb of the Mint.
Gold and silver are valuable but wisdom is priceless.
...and after looking at the portrait of Alice Paul and asked myself where have I seen that look before. Then it dawned on me. It is the look Mrs Walton would give John Sr after coming back late from visiting the Baldwin sisters.
Gold and silver are valuable but wisdom is priceless.
Among the questions people have asked me is what gold FS coins would you buy with a limited budget? I dont have a good answer. I will say that I think the Mint is striking to expected demand and that they are seeing lower and lower demand. I have no reason to think that the planchets struck this year for these coins will not be the same as the last run or LOWER. The next question is which one will have the highest scrap rate and I dont know the answer to that either. I am going to hold off until Dec of this year and look at the numbers and buy some FS gold if I can carry it. I would suggest buying one of each if you can afford it. If not buy the best looking one.
Sorry but that the best answer I can give you guys at this time.
I sent in 5 SSB $5 Gold Unc for grading PCGS FS. 3 69's and 2 70's. Was hoping for more but ok I guess. I really wanted to get in on these early as I think they will end up being a big winner. Just my crystal ball look forward.
Currently working with nurmaler. Older transactions....circa 2011 BST transactions Gecko109, Segoja, lpinion, Agblox, oldgumballmachineswanted,pragmaticgoat, CharlieC, onlyroosies, timrutnat, ShinyThingsInPM under login lightcycler
When looking at some of these lower mintage keys (talking age and plats), is it best to spend the extra $ and get one 70 or would it a better to be able to obtain 2 or 3 69s with the savings? Working on a limited budget isn’t very much fun Note, not talking about for registry but for long term investment $’s.
Ex: Purchase a 2008-W ms70 $50 plat or purchase a 2008-w ms69 $50 and a 2006-w ms 69 $50 plat, which is better for long term growth potential? Does FS play a large importance on long term growth for the keys?
In general if you can buy a 70 graded coin for 1.25 times the price of a 69 then I would pay the extra money. You are talking about paying 3 times 69 prices for 70s and that would scare me unless I knew the coin very well and the market for it very well. The best way to go is buy 69s that look good and crack them and send them in for grading again. Trick with that is it helps to see the coin before you buy.
I haven't done the analysis, but it does seem that many of the MS-70 or PR-70 (PCGS plastic) Plats carry very high premiums, and I agree with Eric that it would scare me too - to be paying multiples of the 69 price unless I really knew something that's not apparent in the population reports.
The fact is that the Platinum Eagle Series hasn't got much traction over the years and there is a reasonable probability that some attrition is occuring. Still, there are some of the low mintage issues that haven't completely given up their premiums. Also, I've noticed a fairly vibrant market on ebay for the 1/10 oz coins. Not much, but it's a start.
Q: Are You Printing Money? Bernanke: Not Literally
A lot of interest in the 1/10 oz coins will in time spill over to the 1/4 1/2 and even 1 oz.
The 1/10s are affordable but soooo darn small.
As their prices increase they will to some degree push the others higher.
The sale of 14,000 proof 2011 platinum 1 oz. coins is to me the most encouraging.
I can't help but think some of those buying 2011 platinum proofs at a significant premium to spot will notice they can buy some earlier years at a very modest premium to spot......sometimes less of a premium than what they paid on the 2011s.
Also consider that for 2006 and 2008 the total mintage of all 4 denominations of burnished W platinum coins is less than 14,000 per year
Someone is buying these 1 oz. 2011 platinum coins and every collection starts with a first purchase.
<< <i>I noticed the mint just updated bullion AGE and ASE sales for 2011- dated coins. I suppose these will be considered final finals?
1 ounce Gold
857,000
½ ounce Gold
70,000
¼ ounce Gold
80,000
1/10 ounce Gold
350,000
1 ounce Silver
40,020,000 >>
These series are getting large FAST. Guys the 2011 silver eagle was struck to over 1/10th the entire net Morgan Population in one year! Thats just nuts!
jmski52 "I agree with Eric that it would scare me too - to be paying multiples of the 69 price unless I really knew something that's not apparent in the population report"
I also agree with both of you on 69/70 debate over Plats. I personally collect 1/4 oz plats and have full set of Proof and Burnished "W" in PR70/MS70 with the exception of 1997-W, 1998-W, 2004-W and 2005-W proof in PR69.
While 2004-W is semi-key, the rest are high-mintage dates with 1997-W and 1998-W being the highest mintage. But yet still PR70s are selling (well asking ;-) prices are the 2-3 times the PR69 prices and I do not think this is justifiable just based on PCGS 70 population numbers in 80-100 range
On the positive note I see majority of 1/4 oz plats bringing enough interest at the right prices up to 50% over melt with some easily selling into $800-1000 range.
Agreed, many thought they would be done after the new year. Still could be winners...
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
This weeks sales report shows that the Eliza Johnson unc gold spouse actually had a decrease in sales numbers after going backorder. Maybe that is why they took it off backorder now, anyway very strange.
<< <i>Well I thought the 2011-w Silver eagles would be sold out by now, but there still going strong. his weeks numbers
287,272 +762 coins Make that 387,272 with 5 coin sets.
I hope they don`t go much longer. >>
Mint State Silver Eagle Mintage Approximations 1986…...5,393,000 1987….11,442,000 1988……5,004,000 1989……5,203,000 1990……5,840,000 1991……7,191,000 1992……5,540,000 1993……6,763,000 1994……4,227,000 1995……4,672,000 1996……3,603,000 1997……4,295,000 1998……4,847,000 1999……7,408,000 2000……9,239,000 2001……9,001,000 2002….10,539,000 2003…...8,495,000 2004……8,882,000 2005……8,891,000 2006….10,676,000 2006w….…466,000 2007…...9,028,000 2007w.…...690,000 2008….20,583,000 2008w….…535,000 * 2008w with reverse of 2007 included in above 2009.....30,459,500 2010…..34,764,500 2011…..40,000,000 * 2011s…....99,950 * 2011w.…400,000 * 2012....25,000,000* 2012w......
Now the 2011W is good coin at mint issue prices and if you look at where more common CC dollars are then the mint marked silver eagles look great and cheap. The hard part is how long it will take to mature some. No more than 10 years I would guess. If you are just a flipper then maybe the 11W is not for you. If you are looking for a coin to put away and give to the kids then they are good material in my view.
<< <i>Well I thought the 2011-w Silver eagles would be sold out by now, but there still going strong. his weeks numbers
287,272 +762 coins Make that 387,272 with 5 coin sets.
I hope they don`t go much longer. >>
Mint State Silver Eagle Mintage Approximations 1986…...5,393,000 1987….11,442,000 1988……5,004,000 1989……5,203,000 1990……5,840,000 1991……7,191,000 1992……5,540,000 1993……6,763,000 1994……4,227,000 1995……4,672,000 1996……3,603,000 1997……4,295,000 1998……4,847,000 1999……7,408,000 2000……9,239,000 2001……9,001,000 2002….10,539,000 2003…...8,495,000 2004……8,882,000 2005……8,891,000 2006….10,676,000 2006w….…466,000 2007…...9,028,000 2007w.…...690,000 2008….20,583,000 2008w….…535,000 * 2008w with reverse of 2007 included in above 2009.....30,459,500 2010…..34,764,500 2011…..40,000,000 * 2011s…....99,950 * 2011w.…400,000 * 2012....25,000,000* 2012w......
Now the 2011W is good coin at mint issue prices and if you look at where more common CC dollars are then the mint marked silver eagles look great and cheap. The hard part is how long it will take to mature some. No more than 10 years I would guess. If you are just a flipper then maybe the 11W is not for you. If you are looking for a coin to put away and give to the kids then they are good material in my view. >>
Are you saying 400K is it on the 2011-w Unc silver Eagles? They are still for sale.
Now the 2011W is good coin at mint issue prices and if you look at where more common CC dollars are then the mint marked silver eagles look great and cheap. The hard part is how long it will take to mature some. No more than 10 years I would guess. If you are just a flipper then maybe the 11W is not for you. If you are looking for a coin to put away and give to the kids then they are good material in my view. >>
Are you saying 400K is it on the 2011-w Unc silver Eagles? They are still for sale. >>
and does the 400k include those with-out a mint mark, but labeled as W's which came from Monster boxes? sorry if this is obvious question?
With silver spot down to $27.36, I think it's time for the Mint to lower its price on the "W" silver eagles, the 5-oz. ATB quarters and the silver proofs and commems.
Hopefully the Mint will introduce the 2012-S two-coin silver eagle sets at a lower price than we anticipate.
As painful as it is in the short run, a significant drop in PM prices and lowering in cost of various mint Gold/Silver and Platinum products may be just what is needed to generate new interest in the various mint offerings.
A lot of people have simply been priced out of the market.
Whether it is Eagles, First Spouse gold or various commemoratives to really establish the recent record low mintage offerings as historical keys we will want to see several years of significantly higher mintages which IMO will only come if there is a dramatic drop in cost of new offerings.
Remember todays gold, silver and platinum prices are still almost 100% up from just 3-4 years ago.
No reason we may not see a return to those prices.
One bright spot for collectors of many of the modern keys we discuss so often is the fact that prices for the various keys in each series will likely be to some extent protected from the decline in bullion prices by an expansion of the numismatic premium if spot PM prices fall.
We all bemoaned the compression in numismatic premiums when spot PM prices soared to new highs and we saw many semi key and even some key coins go to smelters.
Now that PM prices are deflating the fact that a particular coin is a key will provide some protection from drop in PM content value as numismatic premiums expand.
I've always viewed PM based moderns as a structured or hedged bet on PM prices.
You paid a premium to PM when you purchased(a modest 5-20% if you were nimble) but you then participated in almost all the run up in PM prices and if you choose well you have major protection on downside.
<< <i>As painful as it is in the short run, a significant drop in PM prices and lowering in cost of various mint Gold/Silver and Platinum products may be just what is needed to generate new interest in the various mint offerings.
A lot of people have simply been priced out of the market.
Whether it is Eagles, First Spouse gold or various commemoratives to really establish the recent record low mintage offerings as historical keys we will want to see several years of significantly higher mintages which IMO will only come if there is a dramatic drop in cost of new offerings.
Remember todays gold, silver and platinum prices are still almost 100% up from just 3-4 years ago.
No reason we may not see a return to those prices.
One bright spot for collectors of many of the modern keys we discuss so often is the fact that prices for the various keys in each series will likely be to some extent protected from the decline in bullion prices by an expansion of the numismatic premium if spot PM prices fall.
We all bemoaned the compression in numismatic premiums when spot PM prices soared to new highs and we saw many semi key and even some key coins go to smelters.
Now that PM prices are deflating the fact that a particular coin is a key will provide some protection from drop in PM content value as numismatic premiums expand.
I've always viewed PM based moderns as a structured or hedged bet on PM prices.
You paid a premium to PM when you purchased(a modest 5-20% if you were nimble) but you then participated in almost all the run up in PM prices and if you choose well you have major protection on downside. >>
Correct, that is the structure of how this stuff models.
Now the 2011W is good coin at mint issue prices and if you look at where more common CC dollars are then the mint marked silver eagles look great and cheap. The hard part is how long it will take to mature some. No more than 10 years I would guess. If you are just a flipper then maybe the 11W is not for you. If you are looking for a coin to put away and give to the kids then they are good material in my view. >>
Are you saying 400K is it on the 2011-w Unc silver Eagles? They are still for sale. >>
and does the 400k include those with-out a mint mark, but labeled as W's which came from Monster boxes? sorry if this is obvious question? >>
No, it doesn't include those without the mintmark. If you look up above a few posts, I believe it indicates they made 40 million of those.
One of the things I like about the new text is the master mintage listings in the back. The 2008w rev 2007 text is interesting too. That coin is rarer than the market thinks.
Guys as you know about 15 dies were used to strike 46,000 of the 2008W rev of 2007 mint state silver eagles. BUT just because they were struck does not indicate that they made it through QC. The mint in 2008 had sky high scrap rates that ran in the 30% range for single issue coins. So we could find that about 46,318 x .7 = 33,000 coins made it past QC. That was one of the more important items I have run into in my reseach for the last year.
When you put 30-46 thousand coins together with the size and strength of the ASE set thats a fine thing. More and more these coins keep showing up in the listing for these sets. PCGS, NGC, Red Book, US Coin digest etc are showing them in the set so I think the collectors that are serious over time will want one and there are not enough to go around. The only thing is that die variety tends to be weaker than mint mark rarity.
IF those coins really are 33,000 mintage and have a high adoption rate among ASE collectors then they will be fine additions to the long term collection. I dont know if I would want 50 of them but its a good idea to have at least one.
Unless if a moderator tells us otherwise, Eric and I are not going to go into details about this particular book in this thread. We appreciate this forum and we also appreciate the rules. The book has an NGC component with the labeling of coins, so it could be considered promoting of a competitor here which we do not want to do. Anyone here can ask us questions elsewhere or see us at the ANA in Philly. I am thrilled you considered it money well spent!
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
The book has an NGC component with the labeling of coins, so it could be considered promoting of a competitor here which we do not want to do.
I would hope they are above getting upset over something like that. However, it really turns me off when someone promotes a primary business here or uses a proxy to do the same.
Gold and silver are valuable but wisdom is priceless.
Quick question for anyone to answer, please let me know your thoughts...
The 2011 ASE Anniv set, is the real long term value going to be for a complete 70 set or for the just two coins with 100k mintage? Was listening to an interesting discussion somewhat around this topic and wanted to get your guys take on it.
<< <i>Quick question for anyone to answer, please let me know your thoughts...
The 2011 ASE Anniv set, is the real long term value going to be for a complete 70 set or for the just two coins with 100k mintage? Was listening to an interesting discussion somewhat around this topic and wanted to get your guys take on it.
Thanks >>
My take on that for what it is worth is that the 2 coins will be the drivers of value in the set and the rest will be along for the ride. I do think that having the others in a set will help their value a bit so maybe a slight advantage to having a complete set together.
Gold and silver are valuable but wisdom is priceless.
<< <i>My take on that for what it is worth is that the 2 coins will be the drivers of value in the set and the rest will be along for the ride. I do think that having the others in a set will help their value a bit so maybe a slight advantage to having a complete set together. >>
Thanks for the reply, that was my take on it as well. The 2 coin, not the label and 3 higher mintage coins, would be the catalyst for increase in price. Would appreciate others viewpoint as well, still feel like im missing something.
One other thing that comes to mind is about the regular bullion coin in the set. This may be a sleeper that is not very recognized at this time but seems that early reports on this coin indicated some differences between the set coin and the regular bullion issue. If this becomes recognized over time by the hobby then it to may be a value driver also.
Gold and silver are valuable but wisdom is priceless.
<< <i>OperationButter the easy money has probably been made on those sets, now you have to have the patience of Jobe to make more on those sets. >>
Agreed, personally im looking to add a reverse proof for a long term hold but was curious on the sets value. Overheard two guys talking about it and wanted to get everyones take on it
Comments
PS I'm not surprised the Eliza hit a new low, the press operator much have passed out coining those ones.
<< <i>There are reasons, which I can not get into here, why the spouse coins have not been "hot" of late. That said ... I am still personally very excited about the future of this series and continue to gobble up coins as offered to me. So, please keep offering them!
As always, just my 2 cents.
Wondercoin >>
I just don't have enough free cash to sit on these longterm.
Wonder do you or maybe John M allow people to make payments on pricier coinds, like a 2 grand coin?
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
I collect the liberty sub sets now.
Eric J.'s comment is fair ... essentially pursuing spouse coins, to some extent, draws upon one's own personal cash flow issues, especially so if one is trying to "focus" on the entire set. Obviously, if buying some 2011 spouse coins prevented one from buying the (5) 25th Anniv sets for cash flow reasons, that would not be good at all.
Just my 2 cents.
Wondercoin
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
<< <i>This utter sales collapse may create some serious coins on the next striking run for the coins that are coming out for sale over the next 12 months. Take a tiny number to start with and have a high crap rate on one of them and then SURPRISE SURPRISE a CRAZY coin shows up. Problem is I dont know what to focus on and I cant afford to focus on all of them. >>
Can you please select 1 uncirculated issue, of those currently avialable from the mint, that would at least have a chance?
Thanks!
Also note all my master mintage data for eagles, FS and buffs is in my signiture line. I am working the commems master listing now and they should be up soon. Guys these are final finals with * estimates where needed. The most up to date listing anywhere.
Eric
The 2012 (1st term) Cleveland unc. looks to be more attractive, and might be struck in even smaller numbers.
I was looking through the designs and noticed 2 Cleveland coins. I know he served two non-consecutive terms but that strikes me as really dumb of the Mint.
<< <i>
<< <i>As to the issue of a Modern key being displaced, it's effect on one's holdings of course depends on how you play the game. >>
Thanks for your response, Raufus. I appreciate it.
Eric, I'd appreciate your thoughts on this topic as well, when you get the chance.
Thanks...Mike >>
My pleasure. I learn a lot from this forum and am happy to pass along what has - and has not - worked for me.
As jmski notes, this forum is a very valuable source of info for taking advantage of modern issues.
Sorry but that the best answer I can give you guys at this time.
Eric
It would get rid of the melt problem. Let everybody order for a month what they want. Also, eliminates the returns.
Just a though.
Ex: Purchase a 2008-W ms70 $50 plat or purchase a 2008-w ms69 $50 and a 2006-w ms 69 $50 plat, which is better for long term growth potential? Does FS play a large importance on long term growth for the keys?
Thanks for the responses!
Eric
1 ounce Gold
857,000
½ ounce Gold
70,000
¼ ounce Gold
80,000
1/10 ounce Gold
350,000
1 ounce Silver
40,020,000
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
The fact is that the Platinum Eagle Series hasn't got much traction over the years and there is a reasonable probability that some attrition is occuring. Still, there are some of the low mintage issues that haven't completely given up their premiums. Also, I've noticed a fairly vibrant market on ebay for the 1/10 oz coins. Not much, but it's a start.
I knew it would happen.
The 1/10s are affordable but soooo darn small.
As their prices increase they will to some degree push the others higher.
The sale of 14,000 proof 2011 platinum 1 oz. coins is to me the most encouraging.
I can't help but think some of those buying 2011 platinum proofs at a significant premium to spot will notice they can buy some earlier years at a very modest premium to spot......sometimes less of a premium than what they paid on the 2011s.
Also consider that for 2006 and 2008 the total mintage of all 4 denominations of burnished W platinum coins is less than 14,000 per year
Someone is buying these 1 oz. 2011 platinum coins and every collection starts with a first purchase.
<< <i>I noticed the mint just updated bullion AGE and ASE sales for 2011- dated coins. I suppose these will be considered final finals?
1 ounce Gold
857,000
½ ounce Gold
70,000
¼ ounce Gold
80,000
1/10 ounce Gold
350,000
1 ounce Silver
40,020,000 >>
These series are getting large FAST. Guys the 2011 silver eagle was struck to over 1/10th the entire net Morgan Population in one year! Thats just nuts!
I also agree with both of you on 69/70 debate over Plats. I personally collect 1/4 oz plats and have full set of Proof and Burnished "W" in PR70/MS70 with the exception of 1997-W, 1998-W, 2004-W and 2005-W proof in PR69.
While 2004-W is semi-key, the rest are high-mintage dates with 1997-W and 1998-W being the highest mintage. But yet still PR70s are selling (well asking ;-) prices are the 2-3 times the PR69 prices and I do not think this is justifiable just based on PCGS 70 population numbers in 80-100 range
On the positive note I see majority of 1/4 oz plats bringing enough interest at the right prices up to 50% over melt with some easily selling into $800-1000 range.
but there still going strong. his weeks numbers
287,272 +762 coins
Make that 387,272 with 5 coin sets.
I hope they don`t go much longer.
<< <i>Well I thought the 2011-w Silver eagles would be sold out by now,
but there still going strong. his weeks numbers
287,272 +762 coins
Make that 387,272 with 5 coin sets.
I hope they don`t go much longer.
Mint State Silver Eagle Mintage Approximations
1986…...5,393,000
1987….11,442,000
1988……5,004,000
1989……5,203,000
1990……5,840,000
1991……7,191,000
1992……5,540,000
1993……6,763,000
1994……4,227,000
1995……4,672,000
1996……3,603,000
1997……4,295,000
1998……4,847,000
1999……7,408,000
2000……9,239,000
2001……9,001,000
2002….10,539,000
2003…...8,495,000
2004……8,882,000
2005……8,891,000
2006….10,676,000
2006w….…466,000
2007…...9,028,000
2007w.…...690,000
2008….20,583,000
2008w….…535,000 *
2008w with reverse of 2007 included in above
2009.....30,459,500
2010…..34,764,500
2011…..40,000,000 *
2011s…....99,950 *
2011w.…400,000 *
2012....25,000,000*
2012w......
Now the 2011W is good coin at mint issue prices and if you look at where more common CC dollars are then the mint marked silver eagles look great and cheap. The hard part is how long it will take to mature some. No more than 10 years I would guess. If you are just a flipper then maybe the 11W is not for you. If you are looking for a coin to put away and give to the kids then they are good material in my view.
<< <i>
<< <i>Well I thought the 2011-w Silver eagles would be sold out by now,
but there still going strong. his weeks numbers
287,272 +762 coins
Make that 387,272 with 5 coin sets.
I hope they don`t go much longer.
Mint State Silver Eagle Mintage Approximations
1986…...5,393,000
1987….11,442,000
1988……5,004,000
1989……5,203,000
1990……5,840,000
1991……7,191,000
1992……5,540,000
1993……6,763,000
1994……4,227,000
1995……4,672,000
1996……3,603,000
1997……4,295,000
1998……4,847,000
1999……7,408,000
2000……9,239,000
2001……9,001,000
2002….10,539,000
2003…...8,495,000
2004……8,882,000
2005……8,891,000
2006….10,676,000
2006w….…466,000
2007…...9,028,000
2007w.…...690,000
2008….20,583,000
2008w….…535,000 *
2008w with reverse of 2007 included in above
2009.....30,459,500
2010…..34,764,500
2011…..40,000,000 *
2011s…....99,950 *
2011w.…400,000 *
2012....25,000,000*
2012w......
Now the 2011W is good coin at mint issue prices and if you look at where more common CC dollars are then the mint marked silver eagles look great and cheap. The hard part is how long it will take to mature some. No more than 10 years I would guess. If you are just a flipper then maybe the 11W is not for you. If you are looking for a coin to put away and give to the kids then they are good material in my view. >>
Are you saying 400K is it on the 2011-w Unc silver Eagles? They are still for sale.
<< <i>
<< <i>
<< <i>Well I thought the 2011-w Silver eagles would be sold out by now,
but there still going strong. his weeks numbers
287,272 +762 coins
Make that 387,272 with 5 coin sets.
I hope they don`t go much longer.
Mint State Silver Eagle Mintage Approximations
2011…..40,000,000 *
2011s…....99,950 *
2011w.…400,000 *
2012....25,000,000*
2012w......
Now the 2011W is good coin at mint issue prices and if you look at where more common CC dollars are then the mint marked silver eagles look great and cheap. The hard part is how long it will take to mature some. No more than 10 years I would guess. If you are just a flipper then maybe the 11W is not for you. If you are looking for a coin to put away and give to the kids then they are good material in my view. >>
Are you saying 400K is it on the 2011-w Unc silver Eagles? They are still for sale. >>
and does the 400k include those with-out a mint mark, but labeled as W's which came from Monster boxes? sorry if this is obvious question?
Hopefully the Mint will introduce the 2012-S two-coin silver eagle sets at a lower price than we anticipate.
My Adolph A. Weinman signature
A lot of people have simply been priced out of the market.
Whether it is Eagles, First Spouse gold or various commemoratives to really establish the recent record low mintage offerings as historical keys we will want to see several years of significantly higher mintages which IMO will only come if there is a dramatic drop in cost of new offerings.
Remember todays gold, silver and platinum prices are still almost 100% up from just 3-4 years ago.
No reason we may not see a return to those prices.
One bright spot for collectors of many of the modern keys we discuss so often is the fact that prices for the various keys in each series will likely be to some extent protected from the decline in bullion prices by an expansion of the numismatic premium if spot PM prices fall.
We all bemoaned the compression in numismatic premiums when spot PM prices soared to new highs and we saw many semi key and even some key coins go to smelters.
Now that PM prices are deflating the fact that a particular coin is a key will provide some protection from drop in PM content value as numismatic premiums expand.
I've always viewed PM based moderns as a structured or hedged bet on PM prices.
You paid a premium to PM when you purchased(a modest 5-20% if you were nimble) but you then participated in almost all the run up in PM prices and if you choose well you have major protection on downside.
<< <i>As painful as it is in the short run, a significant drop in PM prices and lowering in cost of various mint Gold/Silver and Platinum products may be just what is needed to generate new interest in the various mint offerings.
A lot of people have simply been priced out of the market.
Whether it is Eagles, First Spouse gold or various commemoratives to really establish the recent record low mintage offerings as historical keys we will want to see several years of significantly higher mintages which IMO will only come if there is a dramatic drop in cost of new offerings.
Remember todays gold, silver and platinum prices are still almost 100% up from just 3-4 years ago.
No reason we may not see a return to those prices.
One bright spot for collectors of many of the modern keys we discuss so often is the fact that prices for the various keys in each series will likely be to some extent protected from the decline in bullion prices by an expansion of the numismatic premium if spot PM prices fall.
We all bemoaned the compression in numismatic premiums when spot PM prices soared to new highs and we saw many semi key and even some key coins go to smelters.
Now that PM prices are deflating the fact that a particular coin is a key will provide some protection from drop in PM content value as numismatic premiums expand.
I've always viewed PM based moderns as a structured or hedged bet on PM prices.
You paid a premium to PM when you purchased(a modest 5-20% if you were nimble) but you then participated in almost all the run up in PM prices and if you choose well you have major protection on downside. >>
Correct, that is the structure of how this stuff models.
<< <i>
<< <i>
<< <i>
<< <i>Well I thought the 2011-w Silver eagles would be sold out by now,
but there still going strong. his weeks numbers
287,272 +762 coins
Make that 387,272 with 5 coin sets.
I hope they don`t go much longer.
Mint State Silver Eagle Mintage Approximations
2011…..40,000,000 *
2011s…....99,950 *
2011w.…400,000 *
2012....25,000,000*
2012w......
Now the 2011W is good coin at mint issue prices and if you look at where more common CC dollars are then the mint marked silver eagles look great and cheap. The hard part is how long it will take to mature some. No more than 10 years I would guess. If you are just a flipper then maybe the 11W is not for you. If you are looking for a coin to put away and give to the kids then they are good material in my view. >>
Are you saying 400K is it on the 2011-w Unc silver Eagles? They are still for sale. >>
and does the 400k include those with-out a mint mark, but labeled as W's which came from Monster boxes? sorry if this is obvious question? >>
No, it doesn't include those without the mintmark. If you look up above a few posts, I believe it indicates they made 40 million of those.
There were two links to buy the book:
Amazon Book Link
Numismaster Link
I checked the table of contents on Amazon. It is a must have book for the modern coin collector and I have ordered it. Cost is $10.00
Congratulations to your new book! Can't wait to read it.
<< <i>Eric,
Congratulations to your new book! Can't wait to read it. >>
When you put 30-46 thousand coins together with the size and strength of the ASE set thats a fine thing. More and more these coins keep showing up in the listing for these sets. PCGS, NGC, Red Book, US Coin digest etc are showing them in the set so I think the collectors that are serious over time will want one and there are not enough to go around. The only thing is that die variety tends to be weaker than mint mark rarity.
IF those coins really are 33,000 mintage and have a high adoption rate among ASE collectors then they will be fine additions to the long term collection. I dont know if I would want 50 of them but its a good idea to have at least one.
Eric
- What substitute a promotion?
- What are the most notable promotions/promoters of the modern coins
I hope this is a question of the interest to the collectors regardless of their primary business......
Edited to remove references to the particular products and vendors
Disclamer: I well respect Eric's opinion about moderns and have done business with MCM but in no way associated with either of them
Unless if a moderator tells us otherwise, Eric and I are not going to go into details about this particular book in this thread. We appreciate this forum and we also appreciate the rules. The book has an NGC component with the labeling of coins, so it could be considered promoting of a competitor here which we do not want to do. Anyone here can ask us questions elsewhere or see us at the ANA in Philly. I am thrilled you considered it money well spent!
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
I would hope they are above getting upset over something like that. However, it really turns me off when someone promotes a primary business here or uses a proxy to do the same.
The 2011 ASE Anniv set, is the real long term value going to be for a complete 70 set or for the just two coins with 100k mintage? Was listening to an interesting discussion somewhat around this topic and wanted to get your guys take on it.
Thanks
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>Quick question for anyone to answer, please let me know your thoughts...
The 2011 ASE Anniv set, is the real long term value going to be for a complete 70 set or for the just two coins with 100k mintage? Was listening to an interesting discussion somewhat around this topic and wanted to get your guys take on it.
Thanks >>
My take on that for what it is worth is that the 2 coins will be the drivers of value in the set and the rest will be along for the ride. I do think that having the others in a set will help their value a bit so maybe a slight advantage to having a complete set together.
<< <i>My take on that for what it is worth is that the 2 coins will be the drivers of value in the set and the rest will be along for the ride. I do think that having the others in a set will help their value a bit so maybe a slight advantage to having a complete set together. >>
Thanks for the reply, that was my take on it as well. The 2 coin, not the label and 3 higher mintage coins, would be the catalyst for increase in price. Would appreciate others viewpoint as well, still feel like im missing something.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>OperationButter the easy money has probably been made on those sets, now you have to have the patience of Jobe to make more on those sets. >>
Agreed, personally im looking to add a reverse proof for a long term hold but was curious on the sets value. Overheard two guys talking about it and wanted to get everyones take on it
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole