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2011 anniversary set potential value analysis
packers88
Posts: 558
2006 reverse proofs that were unique to that set just like 2 of these will be to the 2011 set are going for around $225 in the 69 grade and it would be safe to assume that most sets will be at least a 69. So the 2006 "s" and "reverse proof" will be limited to 100,000 or 2 1/2 times as rare as the 2006 proofs. Unfortunately, it is not as simple as saying well they should sell for 2 1/2 times as much because they are 2 1/2 times as rare, but lets be ultra-conservative and say they should at least sell for 1 1/2 times as much. Now we multiply $225 by 1.5 and we come up with about $340 for the reverse proof and "s". $340 times 2 is $680 and add in the other 3 with the unc being worth about $50, the bullion about $40, and the proof about $60 and we then have about $830 as being the market value of these sets, but once again this is based on 69 grades for the 2 keys and just raw prices for the other 3, and the likely potential exists for a 70 either on the "s" or reverse proof which would likely command $700 or $800 alone. A $1000 a set is very likely based on the rarity of the 2 keys from this set alone relative to what the 2006 reverse proof iis doing.
The argument also could be made that the 95 w is going for around $3000 in 69 grades and that is only about 3 times as rare as the 2 keys will be here, so if you take 1/3 of $3000 you are at $1000 for the "s" and "reverse proof". Obviously, coin collecting isn't an exact science and isn't as simple as taking mintages relative to other mintages, but it does put into perspective what a rare coin that has a low mintage can do.
Finally, it should also be mentioned that these 2006 sets have well subsided from these peaks and who knows where these 2011 sets will be peak, but I bet $1500 isn't out of the question by Christmas.
The argument also could be made that the 95 w is going for around $3000 in 69 grades and that is only about 3 times as rare as the 2 keys will be here, so if you take 1/3 of $3000 you are at $1000 for the "s" and "reverse proof". Obviously, coin collecting isn't an exact science and isn't as simple as taking mintages relative to other mintages, but it does put into perspective what a rare coin that has a low mintage can do.
Finally, it should also be mentioned that these 2006 sets have well subsided from these peaks and who knows where these 2011 sets will be peak, but I bet $1500 isn't out of the question by Christmas.
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<< <i>2006 reverse proofs that were unique to that set just like 2 of these will be to the 2011 set are going for around $225 in the 69 grade and it would be safe to assume that most sets will be at least a 69. So the 2006 "s" and "reverse proof" will be limited to 100,000 or 2 1/2 times as rare as the 2006 proofs. Unfortunately, it is not as simple as saying well they should sell for 2 1/2 times as much because they are 2 1/2 times as rare, but lets be ultra-conservative and say they should at least sell for 1 1/2 times as much. Now we multiply $225 by 1.5 and we come up with about $340 for the reverse proof and "s". $340 times 2 is $680 and add in the other 3 with the unc being worth about $50, the bullion about $40, and the proof about $60 and we then have about $830 as being the market value of these sets, but once again this is based on 69 grades for the 2 keys and just raw prices for the other 3, and the likely potential exists for a 70 either on the "s" or reverse proof which would likely command $700 or $800 alone. A $1000 a set is very likely based on the rarity of the 2 keys from this set alone relative to what the 2006 reverse proof iis doing.
The argument also could be made that the 95 w is going for around $3000 in 69 grades and that is only about 3 times as rare as the 2 keys will be here, so if you take 1/3 of $3000 you are at $1000 for the "s" and "reverse proof". Obviously, coin collecting isn't an exact science and isn't as simple as taking mintages relative to other mintages, but it does put into perspective what a rare coin that has a low mintage can do.
Finally, it should also be mentioned that these 2006 sets have well subsided from these peaks and who knows where these 2011 sets will be peak, but I bet $1500 isn't out of the question by Christmas. >>
I think your $1500 is way to high of a guess. I see the set topping out at averages of $750 and dropping back to $400-500 in the spring. I also see the 70's pulling 1k in the beginning and falling back to $500 or less. Of course you will see anomolies well in excess along the way but cooler heads and wallets will bring them back to earth. Hype only lasts for so long and it's real thick around here. 100k mintage is low but not that low!!
<< <i>
<< <i>2006 reverse proofs that were unique to that set just like 2 of these will be to the 2011 set are going for around $225 in the 69 grade and it would be safe to assume that most sets will be at least a 69. So the 2006 "s" and "reverse proof" will be limited to 100,000 or 2 1/2 times as rare as the 2006 proofs. Unfortunately, it is not as simple as saying well they should sell for 2 1/2 times as much because they are 2 1/2 times as rare, but lets be ultra-conservative and say they should at least sell for 1 1/2 times as much. Now we multiply $225 by 1.5 and we come up with about $340 for the reverse proof and "s". $340 times 2 is $680 and add in the other 3 with the unc being worth about $50, the bullion about $40, and the proof about $60 and we then have about $830 as being the market value of these sets, but once again this is based on 69 grades for the 2 keys and just raw prices for the other 3, and the likely potential exists for a 70 either on the "s" or reverse proof which would likely command $700 or $800 alone. A $1000 a set is very likely based on the rarity of the 2 keys from this set alone relative to what the 2006 reverse proof iis doing.
The argument also could be made that the 95 w is going for around $3000 in 69 grades and that is only about 3 times as rare as the 2 keys will be here, so if you take 1/3 of $3000 you are at $1000 for the "s" and "reverse proof". Obviously, coin collecting isn't an exact science and isn't as simple as taking mintages relative to other mintages, but it does put into perspective what a rare coin that has a low mintage can do.
Finally, it should also be mentioned that these 2006 sets have well subsided from these peaks and who knows where these 2011 sets will be peak, but I bet $1500 isn't out of the question by Christmas. >>
I think your $1500 is way to high of a guess. I see the set topping out at averages of $750 and dropping back to $400-500 in the spring. I also see the 70's pulling 1k in the beginning and falling back to $500 or less. Of course you will see anomolies well in excess along the way but cooler heads and wallets will bring them back to earth. Hype only lasts for so long and it's real thick around here. 100k mintage is low but not that low!! >>
I think a 70 set will hit $1000. Presales are going for $700 right now. You're telling me that we'll only see another $50ish for a full 70 set? No way. Much higher. Not $1500 high, but at least $1000.
<< <i>I think a 70 set will hit $1000. Presales are going for $700 right now. You're telling me that we'll only see another $50ish for a full 70 set? No way. Much higher. Not $1500 high, but at least $1000. >>
I'll buy your 70 set!
Thats what im thinking
<< <i>
<< <i>
<< <i>2006 reverse proofs that were unique to that set just like 2 of these will be to the 2011 set are going for around $225 in the 69 grade and it would be safe to assume that most sets will be at least a 69. So the 2006 "s" and "reverse proof" will be limited to 100,000 or 2 1/2 times as rare as the 2006 proofs. Unfortunately, it is not as simple as saying well they should sell for 2 1/2 times as much because they are 2 1/2 times as rare, but lets be ultra-conservative and say they should at least sell for 1 1/2 times as much. Now we multiply $225 by 1.5 and we come up with about $340 for the reverse proof and "s". $340 times 2 is $680 and add in the other 3 with the unc being worth about $50, the bullion about $40, and the proof about $60 and we then have about $830 as being the market value of these sets, but once again this is based on 69 grades for the 2 keys and just raw prices for the other 3, and the likely potential exists for a 70 either on the "s" or reverse proof which would likely command $700 or $800 alone. A $1000 a set is very likely based on the rarity of the 2 keys from this set alone relative to what the 2006 reverse proof iis doing.
The argument also could be made that the 95 w is going for around $3000 in 69 grades and that is only about 3 times as rare as the 2 keys will be here, so if you take 1/3 of $3000 you are at $1000 for the "s" and "reverse proof". Obviously, coin collecting isn't an exact science and isn't as simple as taking mintages relative to other mintages, but it does put into perspective what a rare coin that has a low mintage can do.
Finally, it should also be mentioned that these 2006 sets have well subsided from these peaks and who knows where these 2011 sets will be peak, but I bet $1500 isn't out of the question by Christmas. >>
I think your $1500 is way to high of a guess. I see the set topping out at averages of $750 and dropping back to $400-500 in the spring. I also see the 70's pulling 1k in the beginning and falling back to $500 or less. Of course you will see anomolies well in excess along the way but cooler heads and wallets will bring them back to earth. Hype only lasts for so long and it's real thick around here. 100k mintage is low but not that low!! >>
I think a 70 set will hit $1000. Presales are going for $700 right now. You're telling me that we'll only see another $50ish for a full 70 set? No way. Much higher. Not $1500 high, but at least $1000. >>
1K each for the S and RP coins in the beginning (PCGS 70)
I also think the ATB pucks caught fire and brought in a lot of collectors.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
<< <i>A lot depends on how the grading goes. I think PCGS will be strict on these for the average joe. >>
Yeah, the grading floodgates will open for the patrician, then close for the plebian.
After the initial rush of high grades on the 2010 5 oz bullion pucks where high grades were easier than water over Hoover Dam, it quickly shut off and became a trickle.
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>Check out this link...5 sets of perfect 70's guaranteed by Dec. .... Link
Auction is worded wrong. That auction is for one set. Not 5.
<< <i>While I like the post, it's a good one, five years ago is long gone. People don't have the same amount of disposable income. I would lower your comparision prices.
I also think the ATB pucks caught fire and brought in a lot of collectors. >>
Honestly, I don't think the economy and disposable income is going to have a lot, if any impact on this.
<< <i>
<< <i>Check out this link...5 sets of perfect 70's guaranteed by Dec. .... Link
Auction is worded wrong. That auction is for one set. Not 5. >>
Thanks for pointing that out...guess i should send in my sets for grading?
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>Check out this link...5 sets of perfect 70's guaranteed by Dec. .... Link
I guess it is risk free. Buy them and if the set price tanks, open a case @ 30 days - since there is no way he will have the set by then (or mid-December for that matter)
<< <i>Check out this link...5 sets of perfect 70's guaranteed by Dec. .... Link
Any auction that has
MHO.
This is a pitiful auction and should be pulled ASAP!!!!
<< <i>
<< <i>While I like the post, it's a good one, five years ago is long gone. People don't have the same amount of disposable income. I would lower your comparision prices.
I also think the ATB pucks caught fire and brought in a lot of collectors. >>
Honestly, I don't think the economy and disposable income is going to have a lot, if any impact on this. >>
We will see but $1500 is a lot of money for a $300 set.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Box of 20
Take the modern haters lowball estimates with a grain of salt. It is truly sour grapes on their part.
First of all, nearly all of these are likely to be of 69 quality and likely a 69 and a raw will be the same. There is snob appeal in 70s but I think it best to go to the raw and 69s where most collectors will. Comparing to the 95W is specious to me in many ways since we know a number are trapped in their original sets with four brother gold coins - how many does this leave available? Don't know but less than 30k.
I have noted but am too lazy to do the research that supply demand curves are critical and should be elastic with regards to this issue & the point at which demand and supply intersect will determine price: initial fever, build up, slight drop, plateau with a gentle slope downward so some point of more stable pricing assuming no other factors such as demand collapse with a further downturn in this economy. Much of the "demand" is temporary and currently driven by speculative fever IMO.
Also, pointing to the earlier '06 set which is more common but more affordable is interesting with its fewer coins so demand would be relatively higher at its lower price. As the price rises demand falls off; as supply is above 30k by a lot many of the principles in Eric's moderns book will take over in that none of these will be the key or even close & this will drive down eventual demand as well. Other factors like the mint continuing a series of "S" mint uncs. might be helpful in stimulating demand or harmful in providing more of the type and mintmark albeit of a different date.
I have no idea where they would settle out eventually but guess that the Ws and proofs & currency bullion will be retail 60, 60, 45 with maybe a slight bit of fluff for labels leaving only the two RP and S mint coins to be of consequence. 250k coins in the case of the 05 set blew out the supply side of the curve so it took arteficial groupings like FS, early release, labelling tricks like "Anniversary" status to attempt to divide this number down. Even the 70 grades may be a bit specious given the understandable and seeming difficulty for the TPGs to reproduce this grade on regrade tests done with modern coins (regraded 70s have a high percentage of regrades at lower & usually 69 or even 68 levels). By blowing out, I mean that the value never really took off even with the RP coins.
I will hazard a guess of plateau prices eventually of 250-300 for the S and RP coins in raw or 69, not counting label arteficial varieties and so think the raw or 69 group may find a level for the five coin set at 600-650. That is wild guessing but at least based on some additional considerations...
Well, just Love coins, period.
What about the all the people who are planning to sit on SEALED sets for a while? (years). I know a lot of people are going to get the boxes in the mail, not open them, and put them away.
Think about how that, on top of everything else, is going to affect the available population (especially of sealed sets) in the next few months or half a year.
PCGS CS confirmed for me today that the two "keys" can be graded and the other 3 returned to you raw and if you want First Strike on the keys (eg. the box is still sealed/FS eligible but past the cut-off date) but don't want the others graded.
They also said 25th Anniversary label AND First Strike labels will be available (for the keys).
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Lastly, raw sets in mint sealed boxes should have no problem bringing $1,000/ea in December (that's IMHO)
<< <i>TO ADD:
What about the all the people who are planning to sit on SEALED sets for a while? (years). I know a lot of people are going to get the boxes in the mail, not open them, and put them away.
Think about how that, on top of everything else, is going to affect the available population (especially of sealed sets) in the next few months or half a year. >>
historically, a minimal amount of them remain unopened or ungraded long term. At first (and even second) indication of eventual price drop, they come off the shelf in most cases.
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>PCGS CS confirmed for me today that the two "keys" can be graded and the other 3 returned to you raw and if you want First Strike on the keys (eg. the box is still sealed/FS eligible but past the cut-off date) but don't want the others graded.
They also said 25th Anniversary label AND First Strike labels will be available (for the keys). >>
Additionally, they told me today that:
No fee to return mint packaging.
Different (special) label for bulk submissions.
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>
<< <i>TO ADD:
What about the all the people who are planning to sit on SEALED sets for a while? (years). I know a lot of people are going to get the boxes in the mail, not open them, and put them away.
Think about how that, on top of everything else, is going to affect the available population (especially of sealed sets) in the next few months or half a year. >>
historically, a minimal amount of them remain unopened or ungraded long term. At first (and even second) indication of eventual price drop, they come off the shelf in most cases. >>
Oh, I feel like I have heard a lot of people on here saying that they still have sealed 2006's
<< <i>
<< <i>PCGS CS confirmed for me today that the two "keys" can be graded and the other 3 returned to you raw and if you want First Strike on the keys (eg. the box is still sealed/FS eligible but past the cut-off date) but don't want the others graded.
They also said 25th Anniversary label AND First Strike labels will be available (for the keys). >>
Additionally, they told me today that:
No fee to return mint packaging.
Different (special) label for bulk submissions. >>
That seems odd. Why would bulk submitter's get a special label? Also, who's going to speculate here...is the bulk "special" label worth more than the non-bulk labels?
<< <i>Also, who's going to speculate here...is the bulk "special" label worth more than the non-bulk labels? >>
No question the bulk "special" labels will bring a 100% premium over the non-bulk labels.
Jolly Joker!!
<< <i>
<< <i>Check out this link...5 sets of perfect 70's guaranteed by Dec. .... Link
Any auction that has
MHO. >>
Keep this in mind from this auction: "ORDERS WILL MAY NOT BE CANCELLED !!"
<< <i>
<< <i>2006 reverse proofs that were unique to that set just like 2 of these will be to the 2011 set are going for around $225 in the 69 grade and it would be safe to assume that most sets will be at least a 69. So the 2006 "s" and "reverse proof" will be limited to 100,000 or 2 1/2 times as rare as the 2006 proofs. Unfortunately, it is not as simple as saying well they should sell for 2 1/2 times as much because they are 2 1/2 times as rare, but lets be ultra-conservative and say they should at least sell for 1 1/2 times as much. Now we multiply $225 by 1.5 and we come up with about $340 for the reverse proof and "s". $340 times 2 is $680 and add in the other 3 with the unc being worth about $50, the bullion about $40, and the proof about $60 and we then have about $830 as being the market value of these sets, but once again this is based on 69 grades for the 2 keys and just raw prices for the other 3, and the likely potential exists for a 70 either on the "s" or reverse proof which would likely command $700 or $800 alone. A $1000 a set is very likely based on the rarity of the 2 keys from this set alone relative to what the 2006 reverse proof iis doing.
The argument also could be made that the 95 w is going for around $3000 in 69 grades and that is only about 3 times as rare as the 2 keys will be here, so if you take 1/3 of $3000 you are at $1000 for the "s" and "reverse proof". Obviously, coin collecting isn't an exact science and isn't as simple as taking mintages relative to other mintages, but it does put into perspective what a rare coin that has a low mintage can do.
Finally, it should also be mentioned that these 2006 sets have well subsided from these peaks and who knows where these 2011 sets will be peak, but I bet $1500 isn't out of the question by Christmas. >>
I think your $1500 is way to high of a guess. I see the set topping out at averages of $750 and dropping back to $400-500 in the spring. I also see the 70's pulling 1k in the beginning and falling back to $500 or less. Of course you will see anomolies well in excess along the way but cooler heads and wallets will bring them back to earth. Hype only lasts for so long and it's real thick around here. 100k mintage is low but not that low!! >>
I don't know, it's kinda weird. As I said in a previous post in some of these threads, I saw opened 2006-W 20th Ann. silver sets averaging $350-$375 a set. Unopened sets are obviously way higher so long term I think these sets are a home run, look at what the UHR is commanding. About 3x issue price and these mintages were 100,000 as well. I think over time these sets will settle in at around 3x issue price.
<< <i>I`m going in with some friends to try and get a bulk submission. Reading pcgs` site, it looks like i can not get 1st strike on a non dealer bulk sumission. Is there anything else to look out for? I know I will need to submit at least 4 orders of 5 sets {100 coins total} and plan to request minimum grade of 69. Even if I can request 1st strike, can I do that for only the 2 coins / set since the grading level is supposed to be the same on all? >>
where on their site are your seeing this?
Keep an open mind, or get financially repressed -Zoltan Pozsar
Box of 20
<< <i>It will be interesting to see the submission numbers for these. PCGS/NGC/ANACS (no Pop Report at ANACS?) versus those left raw.
PCGS CS confirmed for me today that the two "keys" can be graded and the other 3 returned to you raw and if you want First Strike on the keys (eg. the box is still sealed/FS eligible but past the cut-off date) but don't want the others graded.
They also said 25th Anniversary label AND First Strike labels will be available (for the keys).
---------------------------------------------------------------------------------------------------------------
Lastly, raw sets in mint sealed boxes should have no problem bringing $1,000/ea in December (that's IMHO) >>
Thanks for providing this info. If you only have a set or two you want graded, wouldn't it make sense to go ahead and grade all the coins in the box so that the 3 coins will have the 25th ann. label too, possibly being able to keep the set together? But, just to cover yourself, instruct them not to grade those (or any of the 5 that matter) if they won't grade at least 69? Just trying to consider all the angles...
I think the proof and uncirculated silver eagles have distinct (though overlapping) collector bases, with higher demand for uncirculated.
The proof key at present is the 1995-W, mintage 30k and price around $2500 raw or 69. Next in line is the 2006-P reverse proof, mintage 250k and price around $200. To me this would imply a price for the 2011-P reverse proof, mintage 100k at between $400 and $500.
The uncirculated key at present is the 2006-W, mintage 470k and price around $60. The 2008-W reverse of 2007 (mintage 47k) is around $400, but it is an error/variety and many collectors don't consider it necessary to complete their sets. The 2011-S, mintage 100k will be the key by date/mintmark, and my estimate of a fair value (raw or 69) would be $600 or higher.
So my guess (and it's *only* a guess) is that, given today's prices for the other keys, a complete set should be worth around $1,100 to $1,250.
My Adolph A. Weinman signature
<< <i>
<< <i>While I like the post, it's a good one, five years ago is long gone. People don't have the same amount of disposable income. I would lower your comparision prices.
I also think the ATB pucks caught fire and brought in a lot of collectors. >>
Honestly, I don't think the economy and disposable income is going to have a lot, if any impact on this. >>
I think it does. A bunch of dealers/flippers/collectors scooped them up quickly and created a buzz and the prices skyrocketed. I think you and some others that guessed $1500 will be waiting a long time to see those prices. Sets have gone for much lower on ebay today. There will be another buzz when the first people get their graded sets on the market but trust me that will be a small precentage while the majority of us are wondering when we will get our graded sets back.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
<< <i>Simply the calm before the storm. As early sellers see that they left alot of money on the table. And the e-mails to their buyers about orders being 86'd from the mint those buyers are going to be looking somewhere for product. These sets should start shipping around the 10th-14th of Nov. Watch the prices go too the moon once in-hand. One thing it seems that some have overlooked is the fact many of these sellers are also 1st time mint buyers(for this type of offering). I am sure some of those buyers exceeded or tried to circumvent the mint rules and now find themselves with nothing or less than they thought and will want maximum profit instead of a quick flip........The smart money is holding off selling until in-hand. My price prediction stands. >>
The doubters on the price potential of these are probably the same people who said they won't sell out for weeks. They don't understand the latent demand. The SAE collector base is probably the largest of any of the regular issues of the mint. This set wasn't advertised widely - many collectors are still in the dark. In the end, patience will pay...JMHO...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
<< <i>
<< <i>Simply the calm before the storm. As early sellers see that they left alot of money on the table. And the e-mails to their buyers about orders being 86'd from the mint those buyers are going to be looking somewhere for product. These sets should start shipping around the 10th-14th of Nov. Watch the prices go too the moon once in-hand. One thing it seems that some have overlooked is the fact many of these sellers are also 1st time mint buyers(for this type of offering). I am sure some of those buyers exceeded or tried to circumvent the mint rules and now find themselves with nothing or less than they thought and will want maximum profit instead of a quick flip........The smart money is holding off selling until in-hand. My price prediction stands. >>
The doubters on the price potential of these are probably the same people who said they won't sell out for weeks. They don't understand the latent demand. The SAE collector base is probably the largest of any of the regular issues of the mint. This set wasn't advertised widely - many collectors are still in the dark. In the end, patience will pay...JMHO... >>
I am not doubting some nice money to be made I am doubting $1500 a set.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
<< <i>
<< <i>
<< <i>Simply the calm before the storm. As early sellers see that they left alot of money on the table. And the e-mails to their buyers about orders being 86'd from the mint those buyers are going to be looking somewhere for product. These sets should start shipping around the 10th-14th of Nov. Watch the prices go too the moon once in-hand. One thing it seems that some have overlooked is the fact many of these sellers are also 1st time mint buyers(for this type of offering). I am sure some of those buyers exceeded or tried to circumvent the mint rules and now find themselves with nothing or less than they thought and will want maximum profit instead of a quick flip........The smart money is holding off selling until in-hand. My price prediction stands. >>
The doubters on the price potential of these are probably the same people who said they won't sell out for weeks. They don't understand the latent demand. The SAE collector base is probably the largest of any of the regular issues of the mint. This set wasn't advertised widely - many collectors are still in the dark. In the end, patience will pay...JMHO... >>
I am not doubting some nice money to be made I am doubting $1500 a set. >>
Agreed--for MS69 and below or raw sets. For 70, who knows. I've seen some predictions as high as 10k. I doubt that, but who knows.
<< <i>We will see but $1500 is a lot of money for a $300 set. >>
I do not think we can refer to these as a $300 set.
At one time, they cost $300. That time is gone.
At one time, Apple sold for $7.37 a share. IBM sold for $100. On and on...
What something once sold for has no relation to what it sells for now.
Today these are $550-$600 sets....tomorrow they could be more or they could be less. But what they were yesterday is irrelevant!
--Edward
He who knows he has enough is rich.
<< <i>
<< <i>We will see but $1500 is a lot of money for a $300 set. >>
I do not think we can refer to these as a $300 set.
At one time, they cost $300. That time is gone.
At one time, Apple sold for $7.37 a share. IBM sold for $100. On and on...
What something once sold for has no relation to what it sells for now.
Today these are $550-$600 sets....tomorrow they could be more or they could be less. But what they were yesterday is irrelevant!
--Edward >>
I would go further and say they were never really worth $300 per set... if they were only worth $300 per set, major dealers wouldn't have been offering more before they ever went on sale and the coins wouldn't have sold out in around 5 hours. They were always worth at least $400 per set, probably more.
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