<< <i>I was interested in buying two of these 5 oz. designs, as a collector, which is unusual for me since I'm an error guy and don't usually collect "normal" coins. However i am NOT interested given the current pricing on these. >>
you gotta buy direct from an AP to get the good price.
prices on eBay will fall. who knows how low. but they will fall.
speaking of $50 Pan-Pacifics and overpriced bullion , I bought these 5oz replicas (dipped in gold to boot) back in 05 :
I payed $200 for the set and at the time I think silver was around $8/ounce. I knew I was overpaying but I really thought the were to nice to pass by. I rationalized someday the price of silver will catch up to my foolishness. I put them in a display and have enjoyed looking at them over the years.
now to the point : bullion hockey pucks that you like, bought at a premium , can be fun as long as you buy what you like. The rest will work itself out over time.
I still fail to see how 40-50% increase over AP prices constitutes no support. Especially now with the APs are mandated to sell them at a price that is becoming increasingly close to spot....
Of course, getting them from the APs is a different story.
Successful transactions with keepdachange, tizofthe, adriana, wondercoin
I think we all knew that the prices would fall, but I think they are staying up more than people expected. Dealers are still paying above $1400. I thought by this time they would be selling close to issue price, but now that I have had them in hand I really like them and am probably going to collect future parks that I like.
You're absolutely right. But only if a price drop of 21% to 22%("Mid-January the bullion sets were selling for around $1,800 to $1,900, but a month later they had dropped about $400 in price") equates with "no support". I don't happen to think it does.
So using APMEX as an ASE seller....I could choose to buy 25 2011 Silver Eagles for 908.75 plus shipping or get a set of ATB pucks from an AP for $920 shipping included
Which do you think has more potential? (disregarding the fact that you could sell the ASE right away for a loss or the ATB's for, oh, a $500-600 profit)
I'm not sure why there is so much debate about whether these are holding their values.... IMO they are acting just like any US Mint issue. The prices become elevated right out of the gate due to not many yet released, hype, etc... but after awhile the prices come down as more supply is available.
In no way is the verdict out on these yet. Yes, it is true that they are not selling that well at shows, etc. But the general public does not yet know these even exist.... Once the public becomes more aware these are out there, then we will get a better picture of the actual market. Also, it will be telling when the next set of 5 come out.... there will be more of these available, more of the public will become aware of the series, and we will then see whether they 'must have' the first year set or not, and at what price. A true market will then develop.
Till then, a great amount of the sells have been flippers, speculators, etc.
<< <i>I'm not sure why there is so much debate about whether these are holding their values.... IMO they are acting just like any US Mint issue. The prices become elevated right out of the gate due to not many yet released, hype, etc... but after awhile the prices come down as more supply is available.
In no way is the verdict out on these yet. Yes, it is true that they are not selling that well at shows, etc. But the general public does not yet know these even exist.... Once the public becomes more aware these are out there, then we will get a better picture of the actual market. Also, it will be telling when the next set of 5 come out.... there will be more of these available, more of the public will become aware of the series, and we will then see whether they 'must have' the first year set or not, and at what price. A true market will then develop.
Till then, a great amount of the sells have been flippers, speculators, etc. >>
<< <i>So using APMEX as an ASE seller....I could choose to buy 25 2011 Silver Eagles for 908.75 plus shipping or get a set of ATB pucks from an AP for $920 shipping included
Which do you think has more potential? (disregarding the fact that you could sell the ASE right away for a loss or the ATB's for, oh, a $500-600 profit) >>
Yup.
The question isn't one of support with these high spot prices. It's that they're too hard to get. And if silver tumbles, you'll be in a better place with the ATBs than the 2011 ASEs.
The other nagging question: Will the APs be able to sell the ATBs at prices that follow spot?
If not, they are a deal that only comes around once in a blue moon. This is of course, assuming that some APs would actually go up to the plate to sell.
Keep in mind that I'm talking about ATB purchases made direct from the APs, not the secondary market.
Successful transactions with keepdachange, tizofthe, adriana, wondercoin
The title of this thread is completely off base. No Support = No Buyers
There is plenty of support albeit at lower levels than in previous weeks. There are wholesale buyers for raw and graded sets.
Last I looked if you can buy a set for $950 from an authorized distributor and flip it for $550 profit, that's a pretty darn good deal.....no support, I don't think so.
Comments
<< <i>I was interested in buying two of these 5 oz. designs, as a collector, which is unusual for me since I'm an error guy and don't usually collect "normal" coins. However i am NOT interested given the current pricing on these. >>
you gotta buy direct from an AP to get the good price.
prices on eBay will fall. who knows how low. but they will fall.
<< <i>where will the support go when silver drops back under 20$ >>
In the near term I question the amount that the sets will be tied to silver.
I think the "numismatic rarity" thing has ahold of people more than the 25oz of silver does.
<< <i>Hello? These are the new $50 Pan-Pacs! >>
You're kidding, right?
Worry is the interest you pay on a debt you may not owe.
I payed $200 for the set and at the time I think silver was around $8/ounce.
I knew I was overpaying but I really thought the were to nice to pass by. I rationalized someday the price of silver will catch up to my foolishness.
I put them in a display and have enjoyed looking at them over the years.
now to the point : bullion hockey pucks that you like, bought at a premium , can be fun as long as you buy what you like. The rest will work itself out over time.
<< <i>
<< <i>Hello? These are the new $50 Pan-Pacs! >>
You're kidding, right?
It's been said by some people in apparent seriousness
--Severian the Lame
Link to article
Of course, getting them from the APs is a different story.
<< <i>Seems my post is ringing true....
Link to article >>
If you say so...
I know that I made an immediate 50% profit on my ATB set, holding it for less than eight hours.
Edit: I picked the set up at FedEx on the morning of 2/16/2011 and mailed it from my post office in the late afternoon of the same day.
<< <i>Seems my post is ringing true....
Link to article >>
You're absolutely right. But only if a price drop of 21% to 22%("Mid-January the bullion sets were selling for around $1,800 to $1,900, but a month later they had dropped about $400 in price") equates with "no support". I don't happen to think it does.
Which do you think has more potential? (disregarding the fact that you could sell the ASE right away for a loss or the ATB's for, oh, a $500-600 profit)
Those folks that bought and sold early are the one's that benefitted the most on these.
Of course, all that could change once the US Mint establishes a price for their collector versions!
The name is LEE!
In no way is the verdict out on these yet. Yes, it is true that they are not selling that well at shows, etc. But the general public does not yet know these even exist.... Once the public becomes more aware these are out there, then we will get a better picture of the actual market. Also, it will be telling when the next set of 5 come out.... there will be more of these available, more of the public will become aware of the series, and we will then see whether they 'must have' the first year set or not, and at what price. A true market will then develop.
Till then, a great amount of the sells have been flippers, speculators, etc.
<< <i>I'm not sure why there is so much debate about whether these are holding their values.... IMO they are acting just like any US Mint issue. The prices become elevated right out of the gate due to not many yet released, hype, etc... but after awhile the prices come down as more supply is available.
In no way is the verdict out on these yet. Yes, it is true that they are not selling that well at shows, etc. But the general public does not yet know these even exist.... Once the public becomes more aware these are out there, then we will get a better picture of the actual market. Also, it will be telling when the next set of 5 come out.... there will be more of these available, more of the public will become aware of the series, and we will then see whether they 'must have' the first year set or not, and at what price. A true market will then develop.
Till then, a great amount of the sells have been flippers, speculators, etc. >>
<< <i>Lots of folks or going to take a bath on these and its usually the folks that are left standing without a chair once the music stops.
Those folks that bought and sold early are the one's that benefitted the most on these.
Of course, all that could change once the US Mint establishes a price for their collector versions! >>
Exactly, some "folks" made out and some "folks" didnt, so how are these different from any other newly minted issue?---------------------BigE
<< <i>So using APMEX as an ASE seller....I could choose to buy 25 2011 Silver Eagles for 908.75 plus shipping or get a set of ATB pucks from an AP for $920 shipping included
Which do you think has more potential? (disregarding the fact that you could sell the ASE right away for a loss or the ATB's for, oh, a $500-600 profit) >>
Yup.
The question isn't one of support with these high spot prices. It's that they're too hard to get. And if silver tumbles, you'll be in a better place with the ATBs than the 2011 ASEs.
The other nagging question: Will the APs be able to sell the ATBs at prices that follow spot?
If not, they are a deal that only comes around once in a blue moon. This is of course, assuming that some APs would actually go up to the plate to sell.
Keep in mind that I'm talking about ATB purchases made direct from the APs, not the secondary market.
<< <i>Seems my post is ringing true....
Link to article >>
And Coinupdate thinks they will be at $2000 in a year or two.
link
There is plenty of support albeit at lower levels than in previous weeks. There are wholesale buyers for raw and graded sets.
Last I looked if you can buy a set for $950 from an authorized distributor and flip it for $550 profit, that's a pretty darn good deal.....no support, I don't think so.
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