I think we're just in a churn period...there are likely a lot of people scrambling to pay the cc's. I think there might be a little pop, at least on singles by Christmas, and then the true collector slog will start. I don't think we'll really have an idea of where this is really going for 6-12 months.
<< <i>the flood from these may be more sudden, but at only 100k, it can't last long. >>
Exactly... I'm thrilled with the mint for offering these as I collect modern coins. I have NO doubt that at some point in the next 1 to 10 years I'm going to be quite pleased I hoarded all of them away. IMO the folks selling at any prices lower than today's are simply picking the low-hanging fruit. Obviously I could be wrong and these things could theoretically go for melt in two years time, but I've done my due diligence and made my own decisions and even if these go to melt briefly I'll still sleep well at night .
I'm selling only what it takes to recoup my initial investment for the coins and the grading. Roughly 2 sets in 69, I hope. I will keep one set in 70 forever. That leaves 2 sets, a mix of 69 & 70 to sell down the road individually.
<<< .your all just waiting for the prices to drop and then you will start buying again........at least I can admit that...........what's the downside??..........past history tell us if the 06 set is selling for 3-4 times issue then this set should settle at least 4 times issue.............I've been wrong before........But I will be buying when I think the bottom has been reached.......... >>>
What's the downside?? Based on past history there is no downside at all.......NONE!
I don't know why, but some of the remarks here remind me of how amateur investors were talking back in the late 90s during the dot com boom, and we all know how that ended.
Speaking for myself, I don't collect silver eagles and have no interest in these sets other than I bought them from the mint to sell for a quick profit and never look back, and I think I speak for quite a few on that note.
I think it is way too early to cry fire in a crowded room............With the collector base these coins have and only 100K mintage???.........No brainer here!!!...........just wait a week and see what the big guys are willing too pay.....or maybe 2 weeks............Christmas is just 25 days away............The graded 70 sets are slimming down........(by the way those are a bargain)...........I won't beat a horse to death just wait and see
I was just informed by the mint my set is suppose to ship on the 18th of December.....not that I was gonna flip it, but would have been nice to make some money if I needed to.
Let's face it... those who sold the first couple of weeks after the release, those selling now, those selling next month, or next year, or years from now... everyone who bought this from the mint for $299 a set are going to profit on these sets. Those who missed out, if given the chance to turn back time, I think they will do all they can to get 5, 10, or 20 sets.
With a limited mintage of only 100,000, it's hard for me to imagine OGP sets going under $600. IMO $700+ is probably the lowest it will go.
Let's enjoy these sets.. Cheers to everyone who got at least one set!
Just did a quick comparison of eBay completed auctions for individual 25th Anniversary Eagles in PCGS 70 holders. I included both First Strike/flag holders and the black Mercanti Tombstones (although I greatly prefer the former). The first price is for auctions completed on 11/20, the second price is for auctions completed on 11/30.
2011 $100 - $224 (+ 124%)
2011-W $280 - $181 (- 36%)
2011-W PR $150 - $300 (+ 100%)
2011-S $790 - $595 (- 25%)
2011-P $1300 - $785 (- 40%)
As you can see the skyrocketing S and P ASEs have cooled off 25% and 40% respectively. The UNC-W is down 36%. The 2011 NMM and W-proof are the only 25th Silver Eagles that went up in price during the period.
Using the numbers above, building a PCGS 70 set (individually) would have cost you: $2,620 on 11/20, and $2,085 on 11/30 -- a drop of $535 (or 21%) for the set. Of course, PCGS 70 5-coin sets have also dropped 25% during the same period ($2,400 - $1,800)
<< <i>Of course, all the CC statements have either hit or are due. It's scramble for bux time, hence the weak hands. Like this was totally unexpected.....not! LOL. The market will decide a couple of months from now after the shakeout. Let's see, two key, low mintage coins from what is probably the most collected set of US coinage, call it a hunch but this will have a good future."
********************
Guys bear in mind that this series is the modern Morgan. We are closing in on a total series population of 300,000,000 coins. The total surviving Morgan population is about 380,000,000 so this large good looking modern silver dollar will be as large as the Morgan in about 3-4 years. IF the sales rates hold up until 2020 then it will be larger than all Peace and Morgans pops combined! There will be more than one for every man woman and child in the country very shortly. Large populations of good looking silver series floating around in the hands of the public are like advertisements to start the set.
At some point large marketing outfits that do impact the markets as slow and dim as they so often are will get the bright idea that 100,000-500,000 mintage silver dollars are serious gaps in the midst of affordable multimillion mintage common dates. These coins are almost perfectly placed to mature well longer term. For those of you that did not get the coins at 299/set I would suggest that you let the coins that are now being shipped to flippers that ordered late come to market and drive the price down a little more and then start shopping. As much as it kills me to say this buy PCGS 70 sets (my reservation is the toning spotting problem) anywhere under $1900 each. The statistics clearly show PCGS has tightened up now and the PCGS70 sets are not going to have an adequate supply long term at these price levels. The same is true of NGC70 sets but you should be able to pay less for them. Try to pick up 11s and Reverse proof dollars in 69 holders that look good. You can crack them out and send them in 90 times if you have to. Be picky now while picky can still be cheap.
For those of you that have a copy of my book go reread page 49.
Lots of weak hands bought in for the quick flip, so prices on raw/sealed are following a very typical curve and are still quite strong, IMO for having so many flippers on board.
I tend to agree....could be some good deals on graded sets if you can catch the bottom of the curve. Just a matter of guessing when that will be.
And.....will the bullion coin actually be considered a variety?
Thanks for the input, Eric. Might have to go re-read pg. 49 tonight.
Successful transactions with keepdachange, tizofthe, adriana, wondercoin
Originally got 3 sets and selling off my 68s and extra 69s (ended up being 7 of the 15 coins I am selling off while keeping my goal). My net I'm keeping thus far is almost a full set of 69s (missing the PR69 2011-P), 3 2011-P PR70s, and 1 2011 MS70.
Question: It sounds like you are all used to this market behavior and was wondering, is it better to buy the coins I am missing now or wait for a further flood of coins? The coin I'm most worried about procuring is the 2011-S MS70 and 2011-P PR69. The rest seem to be selling at around $100.00. Tried to trade but don't feel comfortable with trading yet so decided to sell and then purchase the coins I'm missing. Or do you think trading would have been better?
What would be an even trade for 1 of my 2011-P PR70 First Strike and 25th Anniversary Label for? I am missing the following:
2011-P First Strike 25th Anniversary Silver Set Label PR69 2011-S First Strike 25th Anniversary Silver Set Label MS70 2011-W First Strike 25th Anniversary Silver Set Label MS70 2011-W First Strike 25th Anniversary Silver Set Label PR70DCAM
I conclude that if you bought sets at @ $300 from the mint you have done or will do very well. Outside of that the rest of the story has not totally been written yet.
I also conclude that Eric Jordan is one smart dude. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The question is whether this is just a small flood or is a deluge coming? I do believe their are more flippers involved than there were in 2006 with the 20th Anniversary Sets.
<< <i>How does one know when the flood is here or not here yet....How do you gauge this...through Ebay >>
No one ever knows for sure and I don't know squadouche about moderns. However, I've paid attention to ericj96's postings and he is usually spot on. If I was going to follow one persons advise it would be his. He just posted.
FWIW- I've bought exactly two modern issues in my life. These 25th anniversary sets and some 2009 UHR's. Both have yielded unbelievable short term returns for me personally. I just followed the modern hipsters postings here. It wasn't hard. I should be so lucky that any of my classics do so well. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>However, I've paid attention to ericj96's postings and he is usually spot on. If I was going to follow one persons advise it would be his. He just posted. >>
We have an entire thread on his book on another board I frequent. It's largely due to his book that I became borderline obsessed with modern coins (though I am looking at classic gold more and more). I have done extremely well with my purchases over the last couple of years and on some level feel like I owe Eric a steak dinner if I ever meet him . Even if you're a classic guy and have no interest in moderns you really should pick up Eric's book and give it a read (it's less than $10 on eBay & less than $20 on Amazon). You can never know too much, right?
<< <i>Just did a quick comparison...What conclusions do you draw? >>
Simple, this happens price action occurs with every single new hot issue. There are collectors who don't purchase direct from the mint. They only buy graded. Some collect in 69, others in 70. Some collectors want to be the first on the block to get the new bike and will happily pay premiums for that satisfaction. Meanwhile on the supply side of things, as pointed out, a lot of people bought these for a quick flip and their credit cards are coming due, so I'd personally expect prices to continue to decline near term though at a slower rate. Once that's past things will stabilize, and follow a predictable path. At least that's my take.
"The coin I'm most worried about procuring is the 2011-S MS70" ...you should be. Shop around for one or swap in the next 10 weeks. OR look though what you have and if one of the 69s you have look good crack it out and sent it in again.
<< <i>How does one know when the flood is here or not here yet....How do you gauge this...through Ebay >>
No one ever knows for sure and I don't know squadouche about moderns. However, I've paid attention to ericj96's postings and he is usually spot on. If I was going to follow one persons advise it would be his. He just posted.
FWIW- I've bought exactly two modern issues in my life. These 25th anniversary set and some 2009 UHR's. Both have yielded unbelievable short term returns for me personally. I just followed the modern hipsters postings here. It wasn't hard. I should be so lucky that any of my classics do so well. MJ >>
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
Well said and I agree!!!!! I've done likewise- except I've bought three modern issues. And don't forget the Lincoln Chronicles when mentioning recent winners. It's still selling at more than double its issue price.
And I too owe my thanks to the lively discussions presented in this forum, and the wise collectors that offer their opinions. :-)
Now there are similarities between this issue and the UHR. It has a similar mintage and I see it following a similar pattern. The big diffrence is in that this issue is a more affordable to the average collector. In that respect, i see many more collectors/ investors/speculator-flippers! So..... we get the volatility... A bit like a penny stock.... But in this case, it's going to settle into a solid 'price range' And unlike a penny stock- IT has some intrinsic value- beyond the value of the paper its printed on and the hype of the sales force looking to make a quick buck....
And my guess is that Ebay is a pretty good indicator for prices. That in combination with all the other price indicators (grey sheet, coin magazines, PCGS price guide, etc...). My feeling is that 'averaging' sales on Ebay is indeed a pretty good indicator. Folks with more experience correct me if I'm wrong
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
"You can crack them out and send them in 90 times if you have to. Be picky now while picky can still be cheap."
With an added value of just a few hundred dollars between grade points, if one was to send them in even twice, it could be a losing proposition in my view. That advice may have been suggestable in the days of 5% grade through rates (e.g. 06 Buffalo gold just 5 years ago). It is far less sage in the days of 50% grade through rates. I have one of the strongest "crack out teams" in the modern business I like to think, and I am having difficulty even trying to justify a single crack out of these "S' mint coins considering the amazingly accurate job PCGS has done with grading these coins in my view. Just my 2 cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< <i>How does one know when the flood is here or not here yet....How do you gauge this...through Ebay >>
For PCGS, the flood for the tombstone labels and Mercanti sigs has pretty much arrived and is pushing prices downward. As for the PCGS First Strike Flag labels, it is the calm before the storm. If you search for "2011 25th Anniversary Silver Eagle Set PCGS", you get 165 current listings and the lion's share of them are the tombstone and Mercantis. Check the amount of listings by Monday and see if that is still the trend. I would believe that by the end of next week when PCGS graded sets with flags start arriving to the owners, the listings will double. I am sure that before the week of Christmas, that is when the peak will arrive. The market in any hot items works this way, i.e., pokeman cards, furbies, Cabbage Pack dolls, tickle me elmo, 5 oz Silver ATB hockey pucks. If you don't sell while the iron is hot, you may leave some chips on the table.
Another factor to consider, I just had someone purchase a set who had ordered the 06 from the mint and was only recently aware of the 25th anniversary set.
It seems likely that demand will build over time. Here on the forum, we seem to be following this event by micro-seconds.
<< <i>So...you're saying then that I only doubled or tripled my money in about 5 minutes then...? All my other investments should do as well (and I'm not planning to sell any in the near or long term). >>
I've been keeping an eye on the market and it is indeed dropping. However, that does not mean that you aren't making a profit if you bought the coins at $300.00 per set. You'll always be making profit. I think they just mean the profit margin is dropping, not that you won't get any profit.
I went through the last few days of closed auctions for the pcgs70 Mercanti sets and here are the data points, and a graph to put it in perspective:
$1,720.00 Free shipping End Date:Nov-30 19:38 1,851.00 Free shipping End Date:Nov-30 18:37 $1,875.00 Free shipping End Date:Nov-30 18:05 $1,795.00 Free shipping End Date:Nov-30 16:34 $1,827.00 Free shipping End Date:Nov-30 14:04 $1,895.00 Free shipping End Date:Nov-30 11:47 $1,850.00 Free shipping End Date:Nov-30 11:06 $1,840.00 Free shipping End Date:Nov-29 18:36 $2,026.01 Free shipping End Date:Nov-29 18:05 $1,924.00 Free shipping End Date:Nov-29 17:13 $1,948.66 Free shipping End Date:Nov-29 11:03 $1,980.00 Free shipping End Date:Nov-28 18:29 $2,000.00 Free shipping End Date:Nov-28 14:00 $2,031.95 Free shipping End Date:Nov-28 10:07 $2,078.00 Free shipping End Date:Nov-27 20:21 $2,025.99 Free shipping End Date:Nov-27 19:23 $1,975.01 Free shipping End Date:Nov-27 18:35 $2,036.00 Free shipping End Date:Nov-27 18:05 $2,002.00 Free shipping End Date:Nov-27 16:42 $2,135.00 Free shipping End Date:Nov-27 12:23 $2,181.00 Free shipping End Date:Nov-27 09:56 (This information was collected via the first page of a closed auction search for "Mercanti 25th eagle")
Unless I'm missing something NGC is not publishing the pop stats yet for the "s" and "reverse proof", if anyone has information about their pop stats please post the percentage or actual numbers that are getting the 70 grade. I heard that pcgs is grading approximately 60% 70's for the "s" and "reverse proof", is this correct?
I know NGC is backed up. I just called customer service to check on my submission they received Monday and they are only opening packages delivered last Wednesday. I have a PCGS 70 25th Anniversary Set. Just want an NGC 70 set to go with my 2006 NGC 70 20th Anniversary Set. Right now just going to sit tight on my sealed boxes. I was considering buying another PCGS 70 set but decided to wait.
Boxes of 5 seem to be getting a bit of a bounce too. Those that I've seen today have been in the $3,750 - $3,800 area which is up $100 - $150 from a couple of days ago. I truly don't think we've come close to seeing the peak yet.
Just got notice from the US Mint that they shipped my 5 sets today. I got my order in at about 4:45 PM - by phone - at work. I'm glad to be getting the sets, nevermind the market price, I'm one happy SOB!
Ive been watching the sales of the NGC and PCGS sets, broken up into 70s and 69s, and so far, as it should, the more items up for sale, the lower the prices realized. I have seen some sellers even undercut their own ongoing auctions to sell sets.
I am a firm believer in the statement that some have made that credit card bills are due, and PCGS fees as wellk, so its sell, sell sell, for the moment.
I also believe that we here do micro-report--so we are very aware of high sales points, and low sales points, and hundred dollar drops by the hour. At the moment, NGC sets outnumber PCGS sets by about double, and while their 70 sets obtain slightly lower than PCGS 70s, their 69s are about on par. I watched this back in 2006, and i saw the climb, the fall, the climb, the fall, the huge climb (when sets were no longer shipping, everything was out, and people realized this was it for getting their sets)--and the huge fall from 800 a set to around 500--now, i think they are around 300, still 3 x issue price. We are in the first fall, its a definite buyers market. I have some skin in this game, and im in no way ready to sell sell sell into a buyers market--but, ill be watching for the tide to turn.
From 5 minutes ago: <<< 1,003 results found for 25th silver eagle set >>>
This is the highest number of 25th items I have seen on Ebay since the pre-sales began. Interestingly, the individual opened sets still remain pretty strong typically selling just over or under the $700. level. Of course with free shipping and Ebay/Paypal fees the sellers are probably netting in the low $600's but still pretty good considering how many are currently available on Ebay.
Comments
<< <i>the flood from these may be more sudden, but at only 100k, it can't last long. >>
Exactly... I'm thrilled with the mint for offering these as I collect modern coins. I have NO doubt that at some point in the next 1 to 10 years I'm going to be quite pleased I hoarded all of them away. IMO the folks selling at any prices lower than today's are simply picking the low-hanging fruit. Obviously I could be wrong and these things could theoretically go for melt in two years time, but I've done my due diligence and made my own decisions and even if these go to melt briefly I'll still sleep well at night
I will keep one set in 70 forever. That leaves 2 sets, a mix of 69 & 70 to sell down the road individually.
What's the downside?? Based on past history there is no downside at all.......NONE!
I don't know why, but some of the remarks here remind me of how amateur investors were talking back in the late 90s during the dot com boom, and we all know how that ended.
Speaking for myself, I don't collect silver eagles and have no interest in these sets other than I bought them from the mint to sell for a quick profit and never look back, and I think I speak for quite a few on that note.
Jim
With a limited mintage of only 100,000, it's hard for me to imagine OGP sets going under $600. IMO $700+ is probably the lowest it will go.
Let's enjoy these sets.. Cheers to everyone who got at least one set!
I included both First Strike/flag holders and the black Mercanti Tombstones (although I greatly prefer the former).
The first price is for auctions completed on 11/20, the second price is for auctions completed on 11/30.
2011
$100 - $224 (+ 124%)
2011-W
$280 - $181 (- 36%)
2011-W PR
$150 - $300 (+ 100%)
2011-S
$790 - $595 (- 25%)
2011-P
$1300 - $785 (- 40%)
As you can see the skyrocketing S and P ASEs have cooled off 25% and 40% respectively.
The UNC-W is down 36%.
The 2011 NMM and W-proof are the only 25th Silver Eagles that went up in price during the period.
Using the numbers above, building a PCGS 70 set (individually) would have cost you:
$2,620 on 11/20, and $2,085 on 11/30 -- a drop of $535 (or 21%) for the set.
Of course, PCGS 70 5-coin sets have also dropped 25% during the same period ($2,400 - $1,800)
What conclusions do you draw?
<< <i>Of course, all the CC statements have either hit or are due. It's scramble for bux time, hence the weak hands. Like this was totally unexpected.....not! LOL. The market will decide a couple of months from now after the shakeout. Let's see, two key, low mintage coins from what is probably the most collected set of US coinage, call it a hunch but this will have a good future."
********************
Guys bear in mind that this series is the modern Morgan. We are closing in on a total series population of 300,000,000 coins. The total surviving Morgan population is about 380,000,000 so this large good looking modern silver dollar will be as large as the Morgan in about 3-4 years. IF the sales rates hold up until 2020 then it will be larger than all Peace and Morgans pops combined! There will be more than one for every man woman and child in the country very shortly. Large populations of good looking silver series floating around in the hands of the public are like advertisements to start the set.
At some point large marketing outfits that do impact the markets as slow and dim as they so often are will get the bright idea that 100,000-500,000 mintage silver dollars are serious gaps in the midst of affordable multimillion mintage common dates. These coins are almost perfectly placed to mature well longer term. For those of you that did not get the coins at 299/set I would suggest that you let the coins that are now being shipped to flippers that ordered late come to market and drive the price down a little more and then start shopping. As much as it kills me to say this buy PCGS 70 sets (my reservation is the toning spotting problem) anywhere under $1900 each. The statistics clearly show PCGS has tightened up now and the PCGS70 sets are not going to have an adequate supply long term at these price levels. The same is true of NGC70 sets but you should be able to pay less for them. Try to pick up 11s and Reverse proof dollars in 69 holders that look good. You can crack them out and send them in 90 times if you have to. Be picky now while picky can still be cheap.
For those of you that have a copy of my book go reread page 49.
Best Wishes guys,
Eric Jordan
I tend to agree....could be some good deals on graded sets if you can catch the bottom of the curve. Just a matter of guessing when that will be.
And.....will the bullion coin actually be considered a variety?
Thanks for the input, Eric. Might have to go re-read pg. 49 tonight.
Question: It sounds like you are all used to this market behavior and was wondering, is it better to buy the coins I am missing now or wait for a further flood of coins? The coin I'm most worried about procuring is the 2011-S MS70 and 2011-P PR69. The rest seem to be selling at around $100.00. Tried to trade but don't feel comfortable with trading yet so decided to sell and then purchase the coins I'm missing. Or do you think trading would have been better?
What would be an even trade for 1 of my 2011-P PR70 First Strike and 25th Anniversary Label for? I am missing the following:
2011-P First Strike 25th Anniversary Silver Set Label PR69
2011-S First Strike 25th Anniversary Silver Set Label MS70
2011-W First Strike 25th Anniversary Silver Set Label MS70
2011-W First Strike 25th Anniversary Silver Set Label PR70DCAM
Did their value rise or drop after the flood ??
I conclude that if you bought sets at @ $300 from the mint you have done or will do very well. Outside of that the rest of the story has not totally been written yet.
I also conclude that Eric Jordan is one smart dude. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Box of 20
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>How does one know when the flood is here or not here yet....How do you gauge this...through Ebay
No one ever knows for sure and I don't know squadouche about moderns. However, I've paid attention to ericj96's postings and he is usually spot on. If I was going to follow one persons advise it would be his. He just posted.
FWIW- I've bought exactly two modern issues in my life. These 25th anniversary sets and some 2009 UHR's. Both have yielded unbelievable short term returns for me personally. I just followed the modern hipsters postings here. It wasn't hard. I should be so lucky that any of my classics do so well. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>However, I've paid attention to ericj96's postings and he is usually spot on. If I was going to follow one persons advise it would be his. He just posted. >>
We have an entire thread on his book on another board I frequent. It's largely due to his book that I became borderline obsessed with modern coins (though I am looking at classic gold more and more). I have done extremely well with my purchases over the last couple of years and on some level feel like I owe Eric a steak dinner if I ever meet him
<< <i>Just did a quick comparison...What conclusions do you draw? >>
Simple, this happens price action occurs with every single new hot issue. There are collectors who don't purchase direct from the mint. They only buy graded. Some collect in 69, others in 70. Some collectors want to be the first on the block to get the new bike and will happily pay premiums for that satisfaction. Meanwhile on the supply side of things, as pointed out, a lot of people bought these for a quick flip and their credit cards are coming due, so I'd personally expect prices to continue to decline near term though at a slower rate. Once that's past things will stabilize, and follow a predictable path. At least that's my take.
"The coin I'm most worried about procuring is the 2011-S MS70" ...you should be. Shop around for one or swap in the next 10 weeks. OR look though what you have and if one of the 69s you have look good crack it out and sent it in again.
Eric
<< <i>
<< <i>How does one know when the flood is here or not here yet....How do you gauge this...through Ebay
No one ever knows for sure and I don't know squadouche about moderns. However, I've paid attention to ericj96's postings and he is usually spot on. If I was going to follow one persons advise it would be his. He just posted.
FWIW- I've bought exactly two modern issues in my life. These 25th anniversary set and some 2009 UHR's. Both have yielded unbelievable short term returns for me personally. I just followed the modern hipsters postings here. It wasn't hard. I should be so lucky that any of my classics do so well. MJ >>
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
Well said and I agree!!!!!
I've done likewise- except I've bought three modern issues.
And don't forget the Lincoln Chronicles when mentioning recent winners. It's still selling at more than double its issue price.
And I too owe my thanks to the lively discussions presented in this forum, and the wise collectors that offer their opinions. :-)
Now there are similarities between this issue and the UHR. It has a similar mintage and I see it following a similar pattern.
The big diffrence is in that this issue is a more affordable to the average collector. In that respect, i see many more collectors/ investors/speculator-flippers! So..... we get the volatility... A bit like a penny stock.... But in this case, it's going to settle into a solid
'price range' And unlike a penny stock- IT has some intrinsic value- beyond the value of the paper its printed on and the hype of the
sales force looking to make a quick buck....
And my guess is that Ebay is a pretty good indicator for prices. That in combination with all the other price indicators (grey sheet, coin magazines, PCGS price guide, etc...). My feeling is that 'averaging' sales on Ebay is indeed a pretty good indicator. Folks with more experience correct me if I'm wrong
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
With an added value of just a few hundred dollars between grade points, if one was to send them in even twice, it could be a losing proposition in my view. That advice may have been suggestable in the days of 5% grade through rates (e.g. 06 Buffalo gold just 5 years ago). It is far less sage in the days of 50% grade through rates. I have one of the strongest "crack out teams" in the modern business I like to think, and I am having difficulty even trying to justify a single crack out of these "S' mint coins considering the amazingly accurate job PCGS has done with grading these coins in my view. Just my 2 cents.
Wondercoin
<< <i>You guys buying these sets at $1900 per set are more brave than I am
Judging from the sales on the BST, it's unlikely that to many forum members are paying that price any more.
<< <i>How does one know when the flood is here or not here yet....How do you gauge this...through Ebay
For PCGS, the flood for the tombstone labels and Mercanti sigs has pretty much arrived and is pushing prices downward. As for the PCGS First Strike Flag labels, it is the calm before the storm. If you search for "2011 25th Anniversary Silver Eagle Set PCGS", you get 165 current listings and the lion's share of them are the tombstone and Mercantis. Check the amount of listings by Monday and see if that is still the trend. I would believe that by the end of next week when PCGS graded sets with flags start arriving to the owners, the listings will double. I am sure that before the week of Christmas, that is when the peak will arrive. The market in any hot items works this way, i.e., pokeman cards, furbies, Cabbage Pack dolls, tickle me elmo, 5 oz Silver ATB hockey pucks. If you don't sell while the iron is hot, you may leave some chips on the table.
I wonder if this is the book that finally gets the wife to leave...hmmm??? Of course I've been wondering that since book #250 or so.
So...you're saying then that I only doubled or tripled my money in about 5 minutes then...?
All my other investments should do as well (and I'm not planning to sell any in the near or long term).
It seems likely that demand will build over time. Here on the forum, we seem to be following this event by micro-seconds.
<< <i>"Prices are plunging"???
So...you're saying then that I only doubled or tripled my money in about 5 minutes then...?
All my other investments should do as well (and I'm not planning to sell any in the near or long term). >>
I agree on this one!!! Well said!!!
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
<< <i>So...you're saying then that I only doubled or tripled my money in about 5 minutes then...? All my other investments should do as well (and I'm not planning to sell any in the near or long term). >>
I've been keeping an eye on the market and it is indeed dropping. However, that does not mean that you aren't making a profit if you bought the coins at $300.00 per set. You'll always be making profit. I think they just mean the profit margin is dropping, not that you won't get any profit.
$1,720.00 Free shipping End Date:Nov-30 19:38
1,851.00 Free shipping End Date:Nov-30 18:37
$1,875.00 Free shipping End Date:Nov-30 18:05
$1,795.00 Free shipping End Date:Nov-30 16:34
$1,827.00 Free shipping End Date:Nov-30 14:04
$1,895.00 Free shipping End Date:Nov-30 11:47
$1,850.00 Free shipping End Date:Nov-30 11:06
$1,840.00 Free shipping End Date:Nov-29 18:36
$2,026.01 Free shipping End Date:Nov-29 18:05
$1,924.00 Free shipping End Date:Nov-29 17:13
$1,948.66 Free shipping End Date:Nov-29 11:03
$1,980.00 Free shipping End Date:Nov-28 18:29
$2,000.00 Free shipping End Date:Nov-28 14:00
$2,031.95 Free shipping End Date:Nov-28 10:07
$2,078.00 Free shipping End Date:Nov-27 20:21
$2,025.99 Free shipping End Date:Nov-27 19:23
$1,975.01 Free shipping End Date:Nov-27 18:35
$2,036.00 Free shipping End Date:Nov-27 18:05
$2,002.00 Free shipping End Date:Nov-27 16:42
$2,135.00 Free shipping End Date:Nov-27 12:23
$2,181.00 Free shipping End Date:Nov-27 09:56
(This information was collected via the first page of a closed auction search for "Mercanti 25th eagle")
Chart:
Item number: 320804762381
Wondercoin
Box of 20
TRUTH
I am a firm believer in the statement that some have made that credit card bills are due, and PCGS fees as wellk, so its sell, sell sell, for the moment.
I also believe that we here do micro-report--so we are very aware of high sales points, and low sales points, and hundred dollar drops by the hour. At the moment, NGC sets outnumber PCGS sets by about double, and while their 70 sets obtain slightly lower than PCGS 70s, their 69s are about on par. I watched this back in 2006, and i saw the climb, the fall, the climb, the fall, the huge climb (when sets were no longer shipping, everything was out, and people realized this was it for getting their sets)--and the huge fall from 800 a set to around 500--now, i think they are around 300, still 3 x issue price. We are in the first fall, its a definite buyers market. I have some skin in this game, and im in no way ready to sell sell sell into a buyers market--but, ill be watching for the tide to turn.
This is the highest number of 25th items I have seen on Ebay since the pre-sales began. Interestingly, the individual opened sets still remain pretty strong typically selling just over or under the $700. level. Of course with free shipping and Ebay/Paypal fees the sellers are probably netting in the low $600's but still pretty good considering how many are currently available on Ebay.