2006 Silver Eagle Anniversary Sets, Sell, Hold or Buy More?

moosesr

I have 10 2006 Silver Eagle Anniversary Sets and was trying to decide whether to sell, buy more, hold or send to PCGS to see if there are any MS or PF 70's. Whatever I do will probably not work out since in the past I sold my 1995W proof silver eagle for $720 right before the prices started to rapidly increase. Any comments or opinions on what to do with these sets would be appreciated.

Thanks,
Charlie

OPA

Sell the non F/S sets & hold on to the F/S sets......

Colquhoun

Personally for me.. its not if they will get milk spots, but when. I no longer own a single silver eagle. My thoughts are this.. Run Forrest Run!!!

itsnotjustme

I have three sealed boxes. Same type questions. I have no desire to hold them for my collection, just what will maximize my return? I tries to estimate sale vs. PCGS grading, and from recent sale prices, it appears selling the sealed boxes is the best way.

nutz4coinz

Sell the non FS, keep the FS, just as OPA says. BUT, grab a FoodSaver, and vacuum pack those suckers. I have both NGC and PCGS graded sets, and it seems to effect the PCGS ones more, but suck the air out of that non-pvc plastic bag, heat seal it, no spots whatsoever. Though, the question, 'When they get opened, (obviously they will have to if/when I sell ) will they turn, how fast will they IF they spot...etc'. But, I dont worry about it for now....and I swear by that FoodSaver to vacuum pack Silver Eagles. Gets a bit bulky, but then again, they aint spotting....

edited to add: Is it established these sets the OP has are sealed and eligible for the FS designation? But then again, selling a '95-W for $720 (understood about how long ago you sold it, but STILL that has to have you dope slapping yourself upside the head every now and then) and missing the boat on that, I dont know what you should do. Maybe do the opposite of what you think you should do? (just goofin with ya moosesr)

clouisejewelers

I know this opinion won't be very popular here, but I would sell any slabbed sets and keep the raw coins. The slabbed ones are the coins that have problems with milkspotting, I have never seen a coin in its original mint packaging that was milkspotted. It doesn't matter that the slab says FS or 70, if it's milkspotted it is worth very little.

OPA

I believe that milk spotting is more prevelent in high humid areas or near the oceans & that applies to slabbed and non slabbed ASE's.

nutz4coinz

Clouisejewelrs.....thats a good point, strange, but true. And I believe the milk spotting problem can hit ASE's regardless of humidity or how/where they are stored (though, humidity is obviously not a good thing)

66Tbird

I went NGC just because of the spotting. Less than 1% spotting rate thus far. But I'm a dry climate also. These are kind of following the 2001 Buff trend (which went up, down, up for a couple years and now down.) When the economy gets better the ann. sets will go again, they're just to nice and ase collectors have to have one. I'm holding for a while more.

57loaded

are the sets sealed from the mint? are they FS eligible? what was your acquisiton price?? (mint at $100 a set or aftermarket??)

you will get about 80% RP PR69's and the rest equally divided 68 and 70 (IF NONE ARE ALREADY SPOTTED)

your shot at a burnished MS70 is very low.

IMHO the only ones to keep (if you slab them) are 70's...otherwise sell it sealed.

then buy a spot free RP PR69.....crack it, acetone it. put it in a mint issue capsule and throw in any nice 2006W MS (after rinsing in acetone) and any 2006W proof and put it out in your den in it's display box or somewhere where you can enjoy it.

i have done the above with one set and get much enjoyment. the rest of my 70's are vacuum sealed in in the SDB, i have kept a few 69's too, stored the same way and a few raw acetoned reverse proofs, vacuum sealed as well. i think a spot free reverse proof graded or not will be get a nice premium price in a decade. ($500 maybe?) the slabbed stuff i am keeping my fingers crossed, but they can be sent back to PCGS for their guarantee.

what you don't want to have happen is send in a sealed box for grading and have several of the burnished ms spotted and some of the RP's spotted or 'rusting' in any of the frosted areas, sometimes the mirror details can be cleaned if spotted and caught earlyon the RP, sometimes they can't.

anyway hold sell or buy more?.....i'd sell that box, and buy spot free RP PR69's (with any profits) and crack them and do some self conservation, vacuum seal and forget about them for awhile. i am open to a PM to discuss my personal experiences.

i adore them but also curse them (for the spots)

Zoins

I agree with the people discussing milk spots.

Holding slabbed sets is dangerous for ASEs.

Investigate where you live and the conditions you store the coins in to see if they spot or not. Use UV lights to notice spots before they become visible in white light.

Spotting has been reported for both slabbed and unslabbed but there seems to be one or more orders of magnitude greater incidence of spotting with slabbed coins.

I personally wouldn't want to own slabbed sets of these until the spotting issue is solved.

OGP in vacuum bags seems to be the most conservative, successful approach.

puritan9

I agree with clouisejewelers. I sold all my graded sets including FS 70, and made a ton of money. I only have one set raw now, and that is it for me. I wouldn't touch a graded PCGS set, but that's my opinion.

pf70collector

Eventually, I give it 3-4 more years, these will dry up on ebay. That's when I believe prices will esculate. 250,000 minted for say at least conservatively 500,000 collectors for these. Demand will be there for these. I agree the spotting issue is a problem. Though PCGS was good to me on spot review and offered me a good market price for my 70's that downgraded to 69s. They were able to remove spots on two of my 70 coins so maybe their technique is improving. I have 2 NGC 70 sets and two PCGS 70, 70, 69 sets. Those are the ones I am keeping. The other 15 sets I may or may not sell now because of the spotting issue.

jmski52

I've decided not to sell or buy or get them slabbed either. I'm not going to touch them, move them, breathe on them or even look crossways at them. In a few years, maybe I will own the only non-spotted ones left.

garsmith

<< 2006 Silver Eagle Anniversary Sets, Sell, Hold or Buy More? >>

You can always give them away here!

pitboss

I'm still buying.

GAT

This spotting problem hasn't affected me here in San Diego. I have 16 raw sets that haven't a spot and also a number of PCGS reverse proof PF-70 and 69s that I made myself that are also spotless. It's my belief that your climate has a lot to do with the spotting problem.

derryb

I've been avoiding the silver eagles till the spotting has been cured. Mayo Clinic is working on it.

You should go ahead and get the ones you have graded and under a guarantee.

57loaded

<< <i>I've been avoiding the silver eagles till the spotting has been cured. Mayo Clinic is working on it.

You should go ahead and get the ones you have graded and under a guarantee. >>



but if they are already spotted you are screwed

ceo32312

Are you better off just keeping them in the sealed mint box? if i plan on keeping them?

57loaded

<< <i>Are you better off just keeping them in the sealed mint box? if i plan on keeping them? >>



i think the "tulip" price of $8K for a sealed box of ten is history

it was some time around late may early June of last year.

IMHO sell it or open it or send a PM