Just when you thought our host PCGS or NGC is the most valued TPG grading these 25th Anniversary Coins. Check this one out! Link Someone said $750 by Christmas.
<< <i>I said it would be about $750 by Christmas. I'll lower it back down more, now to $700, maybe less at Christmas. Whatever happened to the $1500 predictions? Or even the $1000 per set? I see PCGS 70 grades sets SELLING for $1500!!! The winners monetarily wise are the ones whom got out early. Almost ALWAYS do. Like LALKASD4 said: You never go wrong with taking a profit. They will continue going down like the 2006 silver and gold sets. Been there, done that, got the T-shirt. >>
raycyca... $700 by christmas is probably right... its been at $700+ for a long time (open OGP sets). Comparing this to the 2006 sets... those sets went up for 6 months before going down. You think this set is on the way down after just going up for one week last Nov. 17? So you think it won't be going up anymore? Just want to know what you think.
The 2011-S mint $1 is the US first Dollar coin with an "S" mintmark on it since the 1935-S Peace Dollar (in an long, ongoing dollar coin series so I am excluding dollar Commems with this comment). This coin has a great future ahead of it in my view.
The 2011-P Reverse Proof Dollar is a 100,000 mintage Silver Eagle Type coin! Need I say more. This coin also has a great future ahead of it in my view.
Let's talk again aeound this same time next year and see if these (2) coins are still around $200-$250/coin.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<<< Comparing this to the 2006 sets... those sets went up for 6 months before going down. >>>
I'm not sure it was for 6 months, but anyway that was a completely different set of circumstances back then, and I don't know why people keep comparing the 25th sets to the 20th sets and the UHR coin.
I believe this 25th Anniversary set will go up again. We just have a lot of sellers trying to take cash. You can't blame them. Everyone has a choice on what they want to do with their sets. But I don't think we can compare this with what happened to the 20th set. Although if those people who bought the 2006 didn't sell them during the peak, they can still sell them right now and still get 3x what they paid for (even more if they had them graded). So they still get their profit.
This 25th Anniversary set is limited to only 100,000. How long will this flood last? I don't know but I believe it won't last that long. Looking forward... let's say the number of listings are half of what we have now.. let's say instead of having 2000 listings we only have 1000 listed and continuing to go down... do you think we will still get these prices? I don't think so.. but thats just me.
<< <i><<< Comparing this to the 2006 sets... those sets went up for 6 months before going down. >>> I'm not sure it was for 6 months, but anyway that was a completely different set of circumstances back then, and I don't know why people keep comparing the 25th sets to the 20th sets and the UHR coin. >>
They peaked at 6 to 7 months after release, and by the 10th they were falling. I somewhat agree with you regarding comparisons of the UHR to these, as that's an apples to oranges comparison on some level. However how the market reacted to the 20th sets, and how they view them now, is clearly a comparison worth making and the most relevant example to look at. Regardless of the fact the economy is slower, the fact of the matter is there are loads more ASE collectors now compared to 2006/7 and these sets are 2.4 times rarer. Given those facts it becomes clear where these are headed in the medium term (6 months to 2 years) IMO. I may very well be wrong, but I see PCGS 70 sets climbing back to $2000 and possibly to $2500++ in that time frame.
What we're seeing right now was to be expected on some level due to the mint's generous household limit of 5 sets each. *MANY* dealers and flippers loaded up on these are have been soaking in the profits for weeks now. I expect to see further softening as it seems a lot of folks have started to receive their's from NGC this week and a few more flag labels, though not many, are starting to hit eBay. Savvy buyers may have another fantastic chance to pick these up on the cheap again over the next month or two. It won't last long though simply due to the 100K mintage. I have many sets at cost and have started buying Mercanti 70 sets as of yesterday and will continue to buy as they fall. Folks joking about buying these at melt probably wouldn't buy them even if they hit $400ea next month, but in the not too distant future they will be sorry IMO .
I won't/can't compare the UHR due to spot prices. There is a valid point for the 2006/2011 comparison. Indeed, there are 250% more 2006 sets, there are more eagle collectors since then. But, not nearly as many as you think. A lot of the purchasers are speculators of both, thus generating more revenue and skewing sales. The recent drop in 2011 prices in many fold. Credit cards becoming due, Christmas coming, newness luster wearing off. Ugly cardboard box taking up room and people wonder how far/fast they'll drop so they sell. The PCGS sets are now rolling in, MANY more to come. The 70 POPs will be huge. This will hurt future speculation on huge profits, forcing more to sell. I think they'll hit about $650 raw for awhile, then slowly make a climb back up to $750-800 after about 6 months. Then bob and weave. Three years down the road, single unopened sets will still be at $750 or so and not much demand. Most thirst will be quenched in the first 6 months, during the glut. I have one opened 2006 gold/silver set and one 2011 opened set, all raw. Others are boxed and stashed away. Christmas will be giving opportunity to family and friends. I've been wrong before, but, I've also been right. "Well, are you feeling lucky punk, do you?" I expect some slamming, so fire away.
You only live life once, enjoy it like it's your last day. It just MIGHT be!
<< <i>I won't/can't compare the UHR due to spot prices. There is a valid point for the 2006/2011 comparison. Indeed, there are 250% more 2006 sets, there are more eagle collectors since then. But, not nearly as many as you think. A lot of the purchasers are speculators of both, thus generating more revenue and skewing sales. The recent drop in 2011 prices in many fold. Credit cards becoming due, Christmas coming, newness luster wearing off. Ugly cardboard box taking up room and people wonder how far/fast they'll drop so they sell. The PCGS sets are now rolling in, MANY more to come. The 70 POPs will be huge. This will hurt future speculation on huge profits, forcing more to sell. I think they'll hit about $650 raw for awhile, then slowly make a climb back up to $750-800 after about 6 months. Then bob and weave. Three years down the road, single unopened sets will still be at $750 or so and not much demand. Most thirst will be quenched in the first 6 months, during the glut. I have one opened 2006 gold/silver set and one 2011 opened set, all raw. Others are boxed and stashed away. Christmas will be giving opportunity to family and friends.I've been wrong before, but, I've also been right. "Well, are you feeling lucky punk, do you?" I expect some slamming, so fire away. >>
There's no need to slam someone for having an informed opinion on a matter. Sure we may have a few posters who will take offense to what you said, but your reply is perfectly reasonable in my book. I strongly disagree with your 3 year outlook and think you're seriously under-estimating the potential of this set and the ASE collector base, but we won't know who is right for quite some time so we'll just have to disagree for right now. In the meantime I will continue buying PCGS 70 sets as they fall...
The 2011-S mint $1 is the US first Dollar coin with an "S" mintmark on it since the 1935-S Peace Dollar (in an long, ongoing dollar coin series so I am excluding dollar Commems with this comment). This coin has a great future ahead of it in my view.
The 2011-P Reverse Proof Dollar is a 100,000 mintage Silver Eagle Type coin! Need I say more. This coin also has a great future ahead of it in my view.
Let's talk again aeound this same time next year and see if these (2) coins are still around $200-$250/coin.
Wondercoin >>
Nope. Apparently we're at the point where one "W" burnished coin in PCGS 70 from the 2006 set (Link) is worth about the same as one full PCGS 70 2011 set. Even though the latter also contains a "W" burnished coin, nevermind the 4 other coins. It's all perfectly rational
There's no need to slam someone for having an informed opinion on a matter. Sure we may have a few posters who will take offense to what you said, but your reply is perfectly reasonable in my book. I strongly disagree with your 3 year outlook and think you're seriously under-estimating the potential of this set and the ASE collector base, but we won't know who is right for quite some time so we'll just have to disagree for right now. In the meantime I will continue buying PCGS 70 sets as they fall...
>>
Hey Captain good to see you on this side of the woods. I got me some Mercanti money. Hate to part with the precious but two Mercanti sets will sure make up for it. Sets are at firesale prices right now IMO
<<< and think you're seriously under-estimating the potential of this set and the ASE collector base, >>>
I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? I see a LOT of 69 and 70 sets (both PCGS and NGC) on Ebay at the lowest prices to date expiring without bids or selling at prices that were unthinkable just a couple weeks ago.
<< <i><<< and think you're seriously under-estimating the potential of this set and the ASE collector base, >>>
I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? I see a LOT of 69 and 70 sets (both PCGS and NGC) on Ebay at the lowest prices to date expiring without bids or selling at prices that were unthinkable just a couple weeks ago. >>
Would you care to provide some links to these 70 sets with "lowest prices to date" that are about to expire? The ones I have seen expire were not that low, compared to some of the BIN's I have seen.
<< <i><<< and think you're seriously under-estimating the potential of this set and the ASE collector base, >>>
I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? I see a LOT of 69 and 70 sets (both PCGS and NGC) on Ebay at the lowest prices to date expiring without bids or selling at prices that were unthinkable just a couple weeks ago. >>
I think there are a lot of people trying to time the bottom of these prices. It's like those people buying silver, when it was $40+ there are a lot of buyers then we see the drop to $27 - there were buyers but some are waiting for it to go lower. Then it went to 31-32+ and those who waited lost their chance.
Snap em up while you can!!!.........with so many people selling and taking profits (some large ,some small) the buying opportunity is now................and should the price go a fews bucks lower......buy a few more!...........the long term prospects for this set are unlimited (IMO)............and yes I believe there are still people(collectors) sitting on the fence waiting to pull the trigger on a few sets hoping the prices will go lower...........once the cheap sets get out of circulation then watch the prices rise...........Disclaimer* this opinion is that of the posters only and is not to be construed as investment advise although you might be a darn fool if you didn't buy at least 1 set
<< <i><<< and think you're seriously under-estimating the potential of this set and the ASE collector base, >>>
I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? I see a LOT of 69 and 70 sets (both PCGS and NGC) on Ebay at the lowest prices to date expiring without bids or selling at prices that were unthinkable just a couple weeks ago. >>
Supply and demand. The Mint is about done with shipping these out. It's a month almost to the day since the first shipments went out which means a lot of them have been graded and come back to be sold. So there's a veritable tidal wave of supply that's out there and some apparently desperate sellers, though doubling your money in less than 2 months is my kind of desperation! Potential buyers have become acclimatized to nearly 3 weeks of falling prices, so there's little urgency to step up to the plate right now.
Eventually, and fairly soon IMHO, prices will reach a level where all but the most desperate sellers with credit card bills hanging over them like the Sword of Damocles will simply decide to sell later. Prices will stop falling. Equilibrium will be found. Then we'll see the same process reverse itself whereby sellers won't want to sell since higher prices are around the corner. It's like the stock market groping for a bottom and then rebounding.
All just my opinion, and worth exactly the price paid for it. Probably less than that if you ask my girlfriend since she didn't give it to me
Edited to ask: If the collector base isn't that big, then how did two of the 2006 sets in PCGS 70 sell for more than $2,400 in the last week?
<< <i>I thought it was self evident these sets in all grades are currently selling at the lowest prices since inception? >>
I thought you said they weren't selling (expiring without bids). My mistake.
I do agree they "are currently selling at the lowest prices since inception." If I remember right, they were over $2k when they hit the market (both BIN and auctions) and several people pulled the trigger.
<< <i>I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? >>
I think you're over looking one simple fact. That is, we have literally seen around 5 to 10% or more of all the coins minted funnel through eBay over the last month and a half. That's a lot of coins to digest in less than two months especially considering the fact MANY people are still on waiting lists and hoping to receive theirs. Dump thousands of anything that's expensive into a marketplace and it's going to take a little while to work through and that's what's happening now. These things are still being snapped up, but it's at lower and lower prices of course. Personally I don't see anything as being dirt cheap right now, but PCGS 70 sets are certainly looking better and better.
<< <i>He also got $1,125 for JUST the actual 2011-S on its own: Linky Hmmmmm. For $275 more, the buyer could have had the entire set in 70 with free shipping. Something's...odd. >>
It's simply a matter of having the flag label. So far 95% of the eBay pcgs coins have been tombstone or mercanti labels and the flag labels that have started to trickle through have gone for crazy numbers. I've seen the reverse proof 70 clear a grand as well. I guess people aren't smart enough to call pcgs and find out they could simply reslab a tombstone set for $150 and have a flag set instead . Congrats to the lucky sellers!
<< <i>It's simply a matter of having the flag label. So far 95% of the eBay pcgs coins have been tombstone or mercanti labels and the flag labels that have started to trickle through have gone for crazy numbers. I've seen the reverse proof 70 clear a grand as well. I guess people aren't smart enough to call pcgs and find out they could simply reslab a tombstone set for $150 and have a flag set instead . Congrats to the lucky sellers! >>
I guess. He had 5 auctions end within a few minutes of each other (a complete set split into 5 sales) and the bids totalled out to $2,128.20! Even after Ebay and PayPal fees, and $150 for a different label, that's a lot different from $1,400 - Ebay and PayPal fees for a Mercanti set.
I swear I will never understand label collectors as long as I live That's one expensive piece of paper for the same coins in the same grade.
<< <i>Wow Rick, Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
My apologies i did not get what you meant the first time. I thought you got 2 extra 2011 S 70's in your submission. If the PCGS guy made a mistake in sending you two extra graded coins that does not belong to you pls. get in touch with them and return these two coins. That would be the Right Thing To Do.
It is too early to tell. Either those with Flag label First Strikes are holding on to their graded sets or they haven't received them back from PCGS yet, so there is a limited offering of these sets and individual Silver Eagles. That will be the next wave and then we will find the true bottom. The Mercanti and tombstone labels still make up most of the listings so it is hard to guage the effect that the other flag labels when more inventory becomes listed.
<< <i>Wow Rick, Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
There must be a PERCEIVED sense of scarcity to attract these crazy prices. Someone looking to complete their 70 set needs that particular Silver Eagle and doesn't see a lot of other ones listed will pay crazy money for it. Only if they were patient and waited for the tsunami of graded individual ones that will hit the market soon. This happens all the time with hot items. Some things will never change. If you have them, list them now!!
<< <i>Wow Rick, Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
First search through the bag of capsules making sure to count them, Second make an apology. >>
I would not be able to sleep at night knowing that I got someone else's coins even if there were both MS70 (I don't know if there are or not). I am not sure if that person at PCGS in quality control is going to be around long with this sort of screwup!
<< <i>Wow Rick, Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
There must be a PERCEIVED sense of scarcity to attract these crazy prices. Someone looking to complete their 70 set needs that particular Silver Eagle and doesn't see a lot of other ones listed will pay crazy money for it. Only if they were patient and waited for the tsunami of graded individual ones that will hit the market soon. This happens all the time with hot items. Some things will never change. If you have them, list them now!! >>
Nothing is perceived...they are scarce. Look at any modern coins. 100k is scarce. On top of that, it's very very simple. Look at the history of these coins, particularly other anniversary sets, and the collector's following. If you have the financial means, now is the time to hold, not sell. It's all the people that think "sell now" that are giving the people who have money the chance to buy them up and make the real profits 6months-2 years from now. Under $1500 for a first strike 70 set is not a crazy price...maybe crazy low. Some things never change, and that's one of them. These aren't going to keep going down, or even stay where they're at.
<< <i>Wow Rick, Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
First search through the bag of capsules making sure to count them, Second make an apology. >>
I would not be able to sleep at night knowing that I got someone else's coins even if there were both MS70 (I don't know if there are or not). I am not sure if that person at PCGS in quality control is going to be around long with this sort of screwup! >>
He didn't get anyone elses coins. He submitted a sealed box of 5 sets along with 2 raw S coins. The apology involves a private matter.
<< <i>Wow Rick, Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
First search through the bag of capsules making sure to count them, Second make an apology. >>
I would not be able to sleep at night knowing that I got someone else's coins even if there were both MS70 (I don't know if there are or not). I am not sure if that person at PCGS in quality control is going to be around long with this sort of screwup! >>
He didn't get anyone elses coins. He submitted a sealed box of 5 sets along with 2 raw S coins. The apology involves a private matter. >>
No harm, no foul. I am glad it worked out that way.
Comments
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Well if the prices drop as much as you guys think I will be getting one for x mas.Looking for a low cost opened set without problems.
<< <i>I said it would be about $750 by Christmas. I'll lower it back down more, now to $700, maybe less at Christmas. Whatever happened to the $1500 predictions? Or even the $1000 per set? I see PCGS 70 grades sets SELLING for $1500!!! The winners monetarily wise are the ones whom got out early. Almost ALWAYS do. Like LALKASD4 said: You never go wrong with taking a profit. They will continue going down like the 2006 silver and gold sets. Been there, done that, got the T-shirt. >>
raycyca... $700 by christmas is probably right... its been at $700+ for a long time (open OGP sets). Comparing this to the 2006 sets... those sets went up for 6 months before going down.
You think this set is on the way down after just going up for one week last Nov. 17? So you think it won't be going up anymore? Just want to know what you think.
The 2011-S mint $1 is the US first Dollar coin with an "S" mintmark on it since the 1935-S Peace Dollar (in an long, ongoing dollar coin series so I am excluding dollar Commems with this comment). This coin has a great future ahead of it in my view.
The 2011-P Reverse Proof Dollar is a 100,000 mintage Silver Eagle Type coin! Need I say more. This coin also has a great future ahead of it in my view.
Let's talk again aeound this same time next year and see if these (2) coins are still around $200-$250/coin.
Wondercoin
I'm not sure it was for 6 months, but anyway that was a completely different set of circumstances back then, and I don't know why people keep comparing the 25th sets to the 20th sets and the UHR coin.
I knew it would happen.
I believe this 25th Anniversary set will go up again. We just have a lot of sellers trying to take cash. You can't blame them. Everyone has a choice on what they want to do with their sets.
But I don't think we can compare this with what happened to the 20th set. Although if those people who bought the 2006 didn't sell them during the peak, they can still sell them right now
and still get 3x what they paid for (even more if they had them graded). So they still get their profit.
This 25th Anniversary set is limited to only 100,000. How long will this flood last? I don't know but I believe it won't last that long.
Looking forward... let's say the number of listings are half of what we have now.. let's say instead of having 2000 listings we only have 1000 listed and continuing to go down...
do you think we will still get these prices? I don't think so.. but thats just me.
<< <i><<< Comparing this to the 2006 sets... those sets went up for 6 months before going down. >>>
I'm not sure it was for 6 months, but anyway that was a completely different set of circumstances back then, and I don't know why people keep comparing the 25th sets to the 20th sets and the UHR coin. >>
They peaked at 6 to 7 months after release, and by the 10th they were falling. I somewhat agree with you regarding comparisons of the UHR to these, as that's an apples to oranges comparison on some level. However how the market reacted to the 20th sets, and how they view them now, is clearly a comparison worth making and the most relevant example to look at. Regardless of the fact the economy is slower, the fact of the matter is there are loads more ASE collectors now compared to 2006/7 and these sets are 2.4 times rarer. Given those facts it becomes clear where these are headed in the medium term (6 months to 2 years) IMO. I may very well be wrong, but I see PCGS 70 sets climbing back to $2000 and possibly to $2500++ in that time frame.
What we're seeing right now was to be expected on some level due to the mint's generous household limit of 5 sets each. *MANY* dealers and flippers loaded up on these are have been soaking in the profits for weeks now. I expect to see further softening as it seems a lot of folks have started to receive their's from NGC this week and a few more flag labels, though not many, are starting to hit eBay. Savvy buyers may have another fantastic chance to pick these up on the cheap again over the next month or two. It won't last long though simply due to the 100K mintage. I have many sets at cost and have started buying Mercanti 70 sets as of yesterday and will continue to buy as they fall. Folks joking about buying these at melt probably wouldn't buy them even if they hit $400ea next month, but in the not too distant future they will be sorry IMO
<< <i>talk about grade retrogrades... just in .... 25 % PCGS 70s .. for coin club ........... too bad didn't submit early on >>
Another big reason why people shouldn't be so quick to sell their 70 sets now!!
<< <i>I won't/can't compare the UHR due to spot prices. There is a valid point for the 2006/2011 comparison. Indeed, there are 250% more 2006 sets, there are more eagle collectors since then. But, not nearly as many as you think. A lot of the purchasers are speculators of both, thus generating more revenue and skewing sales. The recent drop in 2011 prices in many fold. Credit cards becoming due, Christmas coming, newness luster wearing off. Ugly cardboard box taking up room and people wonder how far/fast they'll drop so they sell. The PCGS sets are now rolling in, MANY more to come. The 70 POPs will be huge. This will hurt future speculation on huge profits, forcing more to sell. I think they'll hit about $650 raw for awhile, then slowly make a climb back up to $750-800 after about 6 months. Then bob and weave. Three years down the road, single unopened sets will still be at $750 or so and not much demand. Most thirst will be quenched in the first 6 months, during the glut. I have one opened 2006 gold/silver set and one 2011 opened set, all raw. Others are boxed and stashed away. Christmas will be giving opportunity to family and friends.I've been wrong before, but, I've also been right. "Well, are you feeling lucky punk, do you?" I expect some slamming, so fire away. >>
There's no need to slam someone for having an informed opinion on a matter. Sure we may have a few posters who will take offense to what you said, but your reply is perfectly reasonable in my book. I strongly disagree with your 3 year outlook and think you're seriously under-estimating the potential of this set and the ASE collector base, but we won't know who is right for quite some time so we'll just have to disagree for right now. In the meantime I will continue buying PCGS 70 sets as they fall...
<< <i>Just my 2 cents:
The 2011-S mint $1 is the US first Dollar coin with an "S" mintmark on it since the 1935-S Peace Dollar (in an long, ongoing dollar coin series so I am excluding dollar Commems with this comment). This coin has a great future ahead of it in my view.
The 2011-P Reverse Proof Dollar is a 100,000 mintage Silver Eagle Type coin! Need I say more. This coin also has a great future ahead of it in my view.
Let's talk again aeound this same time next year and see if these (2) coins are still around $200-$250/coin.
Wondercoin >>
Nope. Apparently we're at the point where one "W" burnished coin in PCGS 70 from the 2006 set (Link) is worth about the same as one full PCGS 70 2011 set. Even though the latter also contains a "W" burnished coin, nevermind the 4 other coins. It's all perfectly rational
<< <i>
There's no need to slam someone for having an informed opinion on a matter. Sure we may have a few posters who will take offense to what you said, but your reply is perfectly reasonable in my book. I strongly disagree with your 3 year outlook and think you're seriously under-estimating the potential of this set and the ASE collector base, but we won't know who is right for quite some time so we'll just have to disagree for right now. In the meantime I will continue buying PCGS 70 sets as they fall...
Hey Captain good to see you on this side of the woods. I got me some Mercanti money. Hate to part with the precious but two Mercanti sets will sure make up for it. Sets are at firesale prices right now IMO
I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? I see a LOT of 69 and 70 sets (both PCGS and NGC) on Ebay at the lowest prices to date expiring without bids or selling at prices that were unthinkable just a couple weeks ago.
<< <i><<< and think you're seriously under-estimating the potential of this set and the ASE collector base, >>>
I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? I see a LOT of 69 and 70 sets (both PCGS and NGC) on Ebay at the lowest prices to date expiring without bids or selling at prices that were unthinkable just a couple weeks ago. >>
Would you care to provide some links to these 70 sets with "lowest prices to date" that are about to expire? The ones I have seen expire were not that low, compared to some of the BIN's I have seen.
<< <i><<< and think you're seriously under-estimating the potential of this set and the ASE collector base, >>>
I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? I see a LOT of 69 and 70 sets (both PCGS and NGC) on Ebay at the lowest prices to date expiring without bids or selling at prices that were unthinkable just a couple weeks ago. >>
I think there are a lot of people trying to time the bottom of these prices. It's like those people buying silver, when it was $40+ there are a lot of buyers then we see the drop to $27 - there were buyers but some are waiting for it to go lower. Then it went to 31-32+ and those who waited lost their chance.
<< <i><<< and think you're seriously under-estimating the potential of this set and the ASE collector base, >>>
I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? I see a LOT of 69 and 70 sets (both PCGS and NGC) on Ebay at the lowest prices to date expiring without bids or selling at prices that were unthinkable just a couple weeks ago. >>
Supply and demand. The Mint is about done with shipping these out. It's a month almost to the day since the first shipments went out which means a lot of them have been graded and come back to be sold. So there's a veritable tidal wave of supply that's out there and some apparently desperate sellers, though doubling your money in less than 2 months is my kind of desperation! Potential buyers have become acclimatized to nearly 3 weeks of falling prices, so there's little urgency to step up to the plate right now.
Eventually, and fairly soon IMHO, prices will reach a level where all but the most desperate sellers with credit card bills hanging over them like the Sword of Damocles will simply decide to sell later. Prices will stop falling. Equilibrium will be found. Then we'll see the same process reverse itself whereby sellers won't want to sell since higher prices are around the corner. It's like the stock market groping for a bottom and then rebounding.
All just my opinion, and worth exactly the price paid for it. Probably less than that if you ask my girlfriend since she didn't give it to me
Edited to ask: If the collector base isn't that big, then how did two of the 2006 sets in PCGS 70 sell for more than $2,400 in the last week?
http://www.ebay.com/itm/2011-S-silver-eagle-25th-anniversary-set-PCGS-MS-69-semi-key-/250947683872?pt=Coins_US_Individual&hash=item3a6da5c620
<< <i>I thought it was self evident these sets in all grades are currently selling at the lowest prices since inception? >>
I thought you said they weren't selling (expiring without bids).
I do agree they "are currently selling at the lowest prices since inception." If I remember right, they were over $2k when they hit the market (both BIN and auctions) and several people pulled the trigger.
http://www.ebay.com/itm/2011-S-silver-eagle-25th-anniversary-set-PCGS-MS-69-semi-key-/250947683872?pt=Coins_US_Individual&hash=item3a6da5c620"
LINKY
Very mis-represented auction listing if you ask me.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>I have a question......if there is this supposed huge SE collector base, why are they not snapping up all these "dirt cheap" sets currently on Ebay if the thinking is they will be far higher down the road? >>
I think you're over looking one simple fact. That is, we have literally seen around 5 to 10% or more of all the coins minted funnel through eBay over the last month and a half. That's a lot of coins to digest in less than two months especially considering the fact MANY people are still on waiting lists and hoping to receive theirs. Dump thousands of anything that's expensive into a marketplace and it's going to take a little while to work through and that's what's happening now. These things are still being snapped up, but it's at lower and lower prices of course. Personally I don't see anything as being dirt cheap right now, but PCGS 70 sets are certainly looking better and better.
Very mis-represented auction listing if you ask me.----------------------
I thought so too, He confused people with the (s).
<< <i>-------------------That auction is a fluke. If that coin is worth $250, then what's a complete set worth.
Very mis-represented auction listing if you ask me.----------------------
I thought so too, He confused people with the (s). >>
He also got $1,125 for JUST the actual 2011-S on its own: Linky
Hmmmmm. For $275 more, the buyer could have had the entire set in 70 with free shipping. Something's...odd.
<< <i>He also got $1,125 for JUST the actual 2011-S on its own: Linky
Hmmmmm. For $275 more, the buyer could have had the entire set in 70 with free shipping. Something's...odd. >>
It's simply a matter of having the flag label. So far 95% of the eBay pcgs coins have been tombstone or mercanti labels and the flag labels that have started to trickle through have gone for crazy numbers. I've seen the reverse proof 70 clear a grand as well. I guess people aren't smart enough to call pcgs and find out they could simply reslab a tombstone set for $150 and have a flag set instead
<< <i>It's simply a matter of having the flag label. So far 95% of the eBay pcgs coins have been tombstone or mercanti labels and the flag labels that have started to trickle through have gone for crazy numbers. I've seen the reverse proof 70 clear a grand as well. I guess people aren't smart enough to call pcgs and find out they could simply reslab a tombstone set for $150 and have a flag set instead
I guess. He had 5 auctions end within a few minutes of each other (a complete set split into 5 sales) and the bids totalled out to $2,128.20! Even after Ebay and PayPal fees, and $150 for a different label, that's a lot different from $1,400 - Ebay and PayPal fees for a Mercanti set.
I swear I will never understand label collectors as long as I live
"I swear I will never understand label collectors as long as I live
But, but...mine has a FLAG!
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Great prices...wish I could have scored a 2011-s in 70....Great prices!
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do?
<< <i>
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
My apologies i did not get what you meant the first time. I thought you got 2 extra 2011 S 70's in your submission. If the PCGS guy made a mistake in sending you two extra graded coins that does not belong to you pls. get in touch with them and return these two coins. That would be the Right Thing To Do.
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>I appreciate the BST advice, but since I have never used it for any transaction,it might be a challange with no feedback from any direction. >>
First suggestion is you should turn on your pm. Second we all have to start somewhere sometime right?
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
What were the grades?
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
There must be a PERCEIVED sense of scarcity to attract these crazy prices. Someone looking to complete their 70 set needs that particular Silver Eagle and doesn't see a lot of other ones listed will pay crazy money for it. Only if they were patient and waited for the tsunami of graded individual ones that will hit the market soon. This happens all the time with hot items. Some things will never change. If you have them, list them now!!
<< <i>
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
First search through the bag of capsules making sure to count them, Second make an apology.
<< <i>
<< <i>
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
First search through the bag of capsules making sure to count them, Second make an apology. >>
I would not be able to sleep at night knowing that I got someone else's coins even if there were both MS70 (I don't know if there are or not). I am not sure if that person at PCGS in quality control is going to be around long with this sort of screwup!
<< <i>
<< <i>
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
First search through the bag of capsules making sure to count them, Second make an apology. >>
I apologize. I turned on my PM. But now I'm done here! Have a Merry Chritmas.
<< <i>
<< <i>
<< <i>
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
First search through the bag of capsules making sure to count them, Second make an apology. >>
I apologize. I turned on my PM. But now I'm done here! Have a Merry Chritmas. >>
Thanks Buzz, apology accepted, now we're all good
<< <i>
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
There must be a PERCEIVED sense of scarcity to attract these crazy prices. Someone looking to complete their 70 set needs that particular Silver Eagle and doesn't see a lot of other ones listed will pay crazy money for it. Only if they were patient and waited for the tsunami of graded individual ones that will hit the market soon. This happens all the time with hot items. Some things will never change. If you have them, list them now!! >>
Nothing is perceived...they are scarce. Look at any modern coins. 100k is scarce.
On top of that, it's very very simple. Look at the history of these coins, particularly other anniversary sets, and the collector's following. If you have the financial means, now is the time to hold, not sell.
It's all the people that think "sell now" that are giving the people who have money the chance to buy them up and make the real profits 6months-2 years from now. Under $1500 for a first strike 70 set is not a crazy price...maybe crazy low.
Some things never change, and that's one of them. These aren't going to keep going down, or even stay where they're at.
<< <i>
<< <i>
<< <i>
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
First search through the bag of capsules making sure to count them, Second make an apology. >>
I would not be able to sleep at night knowing that I got someone else's coins even if there were both MS70 (I don't know if there are or not). I am not sure if that person at PCGS in quality control is going to be around long with this sort of screwup! >>
He didn't get anyone elses coins. He submitted a sealed box of 5 sets along with 2 raw S coins. The apology involves a private matter.
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>Wow Rick,
Great prices...wish I could have scored a 2011-s in 70....Great prices! >>
Whoopie!! 27 25th Set FS Flag labels (2 extra 2011 S) came with the mail today!! Now what do I do? >>
First search through the bag of capsules making sure to count them, Second make an apology. >>
I would not be able to sleep at night knowing that I got someone else's coins even if there were both MS70 (I don't know if there are or not). I am not sure if that person at PCGS in quality control is going to be around long with this sort of screwup! >>
He didn't get anyone elses coins. He submitted a sealed box of 5 sets along with 2 raw S coins. The apology involves a private matter. >>
No harm, no foul. I am glad it worked out that way.
I got two words....Fire Sale
Wow. $1,125.55 for the "S".
edited to say sorry. I just saw that this was posted on previous page.