This is going to be real interesting. How many will they sell now? I agree that the pricing is a little rich, especially when you look at the price of silver and the pricing on the 25th sets. It should certainly dampen the demand from the heavy flippers. I'm going to wait and see how things shake out. There could be a frenzy with these, but maybe not until the last day as opposed to the usual first day fiasco. If they aren't selling well initially, you can be sure the last few days will be busy...
I think after all the turned off mint customers from last time and the high price these might actually have a low mintage once everyone gets done not ordering.
Including the regular basic labels (PCGS blue and NGC brown) I expect NGC will offer four and PCGS five or six because of Mercanti. That's the labels themselves. Adding in First Strike, ER, FR etc doesn't change the labels but multiplies the possibilities to around 24. If someone else besides Mercanti signs labels, then moy (?) woops thats more.....
John
John Maben
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I'll be in for a few.With even the nay sayers picking up at least 5 sets I dont see a low mintage offering at this time.My crystal ball tells me that the mintage will be about 600k.The 2011 RP will continue to be the key of a RP set.
Definitely higher than I expected. Hard to justify this price after the pricing of the 25ths. I guess on the positive side, that might push the mintage numbers down a bit. I will still be in for one or two.
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Comparing the $150 price of the set with the prices and mintages of existing Silver Eagles may give us a rough estimate of a "fair value" mintage.
Assume an initial cost of $75 per coin. For the regular proof, the closest comparison is the 1994-P Silver Eagle which sells around $75 raw or MS69, with a mintage of 372K. For the reverse proof, the closest comparison is the 2006-P which sells for around $210 raw or MS69, with a mintage of 250K.
I think demand for the 2012-S regular proof will be less than demand for the 1994-P, simply because many proof collectors are content with the one-per-year regular issues, bypassing "special" coins such as the 1995-W. So this would put demand for the 2012-S regular proof at less than 372K, perhaps substantially less.
On the other hand, demand for the 2012-S reverse proof at $75 is likely to be somewhat higher than 250K, based on the higher price of the 2006-P. The 2012-S reverse proof will be sought by type collectors as the least expensive specimen of its type, and by those looking to collect reverse proofs as a separate series.
Based on today's prices and collecting habits, I would estimate that "fair value" for the set would be around $150 if the final mintage comes in at between 325K and 350K.
Buy and hold!.........the first strike sets(unopened) will bring a premium down the road but it could be years........unless the final mintage is below 250K................
149 is a bit too high considering falling bullion prices, the USM should be considering reducing the price of it's proof eagles a few bucks, maybe to 53.95-55.95.
Considering the cost of material and pricing inline with 2011 25th sets, this set should cost no more than 139. (25th sets - $60 per coin avg, take the proofs at a couple bucks more than the uncs, say $65 per proof x2)
No worries ibex.The ordering period ends on July 5th.So while you cant order more,the mint can make more.If they send me a rejected product and if I send it back within the return allowed period,,they can mint more to complete the orders recieved. As for returns,they do what they do now melt them down.
Now if they just blackout the Sales Data for a while, good old reverse psychology will ensure a mega sales number. Everyone ends up thinking that very few will be buying these so wow I better order far more than I normally would.
End result - big bucks for our friend the US Mint. But will there be a secondary market? I can only guess. And my guess probably would be way off.
watch and see for me. I'm in the 300,000 mintage crowd. I'm telling myself not to order so I better double up because I'm probably wrong just like when I thought the UHR Gold Eagle was too pricey
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At that price there could be some serious losses for flippers who overestimate demand. I see them selling on eBay for $100-120 in a few months. The big guys will flood the market with 70's and demand for unopened boxes may be close to nill. The Mint is milking this cow dry.
<< <i>At that price there could be some serious losses for flippers who overestimate demand. I see them selling on eBay for $100-120 in a few months. The big guys will flood the market with 70's and demand for unopened boxes may be close to nill. The Mint is milking this cow dry. >>
I'm inclined to agree with you on these . . . BUT . . . I also initally thought the 20th Anniversary mintage was too high at the time, but bought a Judas box anyway. That turned out very well ! ! !
HH
Need the following OBW rolls to complete my 46-64 Roosevelt roll set: 1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S. Any help locating any of these OBW rolls would be gratefully appreciated!
So why the long wait to announce the price?? It obviously wasn't related to spot silver since it's $45 over spot PER COIN....even if silver had gone to $50/ounce it still would be a 50% premium over spot...
Well what I got from customer service when I called the mint a month ago, the mintage will be based on the number of people who order them both by phone & online, from June-7th, and til the order date stops (cannot remeber how many days they said they will take orders for the 2-coin set) but after all the orders are in, is what they are going to produce.mintage wise, Now if that is true ? then who knows what the mintage will be, but I believe they will not stop after the last order date on the mintage, like I read here, if they can milk all the people for more money on orders, then I believe they will absolutely make alot more, then the Information they told me. !!!
Amateurs ... Built the Ark. Professionals ... Built the Titanic
<< <i>So why the long wait to announce the price?? It obviously wasn't related to spot silver since it's $45 over spot PER COIN....even if silver had gone to $50/ounce it still would be a 50% premium over spot... >>
No different than the ATB Puerto Rico P. $11 over/oz. That crappy blue cardboard box and felt plastic holder are $40 items for sure, so really they're only making $10/order. Riiiiiight. Pass.
the MintNewsBlog.com has a very good explanation of the prices:
"At first impression, the pricing for the special set seems high. However, by dissecting the prices of past offerings, the price doesn’t seem too far out of line.
The 2011 25th Anniversary Silver Eagle Set, which contained five coins (a proof, reverse proof, two uncirculated coins, and a bullion coin) was priced at $299.95. At the time of offering, the US Mint was selling individual proof coins at $58.95 each, individual uncirculated coins at $50.95 each, and an individual bullion coin would have been at least $34. Adding up these four coins ($58.95, $50.95, $50.95, and $34) yields $194.85, leaving $105.10 for the reverse proof coin and packaging.
The US Mint currently sells the individual “W” mint marked proof coin for $59.95, which leaves $90 for the reverse proof coin and packaging within the upcoming San Francisco Silver Eagle Set.
These numbers are not completely comparable and transferable due to different production volumes and differences in the price of silver, but roughly seem to support pricing for the upcoming set."
Interesting read. Several members here flipped the 2010 Pucks and the 25th Anniv. set for several times purchase price. Now the Mint raises price a bit and all the flippers are getting upset because the Mint is taking some of their profit.
For all who complained about the Pucks and 25th sets that still made a profit get used to it. The Mint will probably take a little of "your" profit from now on.
carew4me
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its that fancy blue wood box. ha.
I knew it would happen.
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
type2,CCHunter.
<< <i>Half the price of 25th sets with only 2 coins and silver below $28? Seems high to me. That's ok maybe they won't sell as many. >>
The mint has learned to keep squeezing people for as long as they keep lining up at the trough
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
300,000???
Hard call for me & if I didn't collect SAE I would skip for sure.
Count me for a slavish ONE set.
Well, just Love coins, period.
<< <i>Rip....offff. But I will be forced to get a couple because.....well I just have too
- Jim
<< <i>They will soon be cheaper on ebay. >>
Cheapest will be from the modern dealers once the flood from bulk grading is in inventory.
The limited mintage 2011 set, some dealers could not get rid of their sets fast enough. On this one, the dealers will get rid of them faster.
I wonder what the bulk grading prices NGC + PCGS will charge for the SF 2012 sets?
Flood price prediction: a 2012 SF 70 NGC set for $189.99, PCGS another ten bucks at $199.99
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Price to be determined. This product will be available for sale on June 07, 2012 at 12:00 Noon (ET).
The name is LEE!
I am surprised.
Will get my 1 for my collection.....
Mintage will be lower on these then initially figured.
<< <i>high volume modern coin dealers will drive up sales/mintage. John, how many are you guys buying?
I was expecting $129, At this price I will reduce our order by 40%. I will avoid the "how many" answer.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
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Mercanti tombstone + Mercanti flag? Tombstone only? Flag? No Flag? Letter of Cert?
I think a Mercanti Golden Gate Bridge will be de rigueur.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
I'll be in for a few.With even the nay sayers picking up at least 5 sets I dont see a low mintage offering at this time.My crystal ball tells me that the mintage will be about 600k.The 2011 RP will continue to be the key of a RP set.
Assume an initial cost of $75 per coin. For the regular proof, the closest comparison is the 1994-P Silver Eagle which sells around $75 raw or MS69, with a mintage of 372K. For the reverse proof, the closest comparison is the 2006-P which sells for around $210 raw or MS69, with a mintage of 250K.
I think demand for the 2012-S regular proof will be less than demand for the 1994-P, simply because many proof collectors are content with the one-per-year regular issues, bypassing "special" coins such as the 1995-W. So this would put demand for the 2012-S regular proof at less than 372K, perhaps substantially less.
On the other hand, demand for the 2012-S reverse proof at $75 is likely to be somewhat higher than 250K, based on the higher price of the 2006-P. The 2012-S reverse proof will be sought by type collectors as the least expensive specimen of its type, and by those looking to collect reverse proofs as a separate series.
Based on today's prices and collecting habits, I would estimate that "fair value" for the set would be around $150 if the final mintage comes in at between 325K and 350K.
My Adolph A. Weinman signature
149 is a bit too high considering falling bullion prices, the USM should be considering reducing the price of it's proof eagles a few bucks, maybe to 53.95-55.95.
Considering the cost of material and pricing inline with 2011 25th sets, this set should cost no more than 139. (25th sets - $60 per coin avg, take the proofs at a couple bucks more than the uncs, say $65 per proof x2)
No worries ibex.The ordering period ends on July 5th.So while you cant order more,the mint can make more.If they send me a rejected product and if I send it back within the return allowed period,,they can mint more to complete the orders recieved. As for returns,they do what they do now melt them down.
End result - big bucks for our friend the US Mint. But will there be a secondary market? I can only guess. And my guess probably would be way off.
<< <i>
<< <i>high volume modern coin dealers will drive up sales/mintage. John, how many are you guys buying?
I was expecting $129, At this price I will reduce our order by 40%. I will avoid the "how many" answer.
John >>
Due to the higher price, I, too, will be reducing my order. By roughly 50%.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>At that price there could be some serious losses for flippers who overestimate demand. I see them selling on eBay for $100-120 in a few months. The big guys will flood the market with 70's and demand for unopened boxes may be close to nill. The Mint is milking this cow dry. >>
I'm inclined to agree with you on these . . . BUT . . . I also initally thought the 20th Anniversary mintage was too high at the time, but bought a Judas box anyway.
That turned out very well ! ! !
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
Professionals ... Built the Titanic
<< <i>So why the long wait to announce the price?? It obviously wasn't related to spot silver since it's $45 over spot PER COIN....even if silver had gone to $50/ounce it still would be a 50% premium over spot...
No different than the ATB Puerto Rico P. $11 over/oz. That crappy blue cardboard box and felt plastic holder are $40 items for sure, so really they're only making $10/order. Riiiiiight. Pass.
"At first impression, the pricing for the special set seems high. However, by dissecting the prices of past offerings, the price doesn’t seem too far out of line.
The 2011 25th Anniversary Silver Eagle Set, which contained five coins (a proof, reverse proof, two uncirculated coins, and a bullion coin) was priced at $299.95. At the time of offering, the US Mint was selling individual proof coins at $58.95 each, individual uncirculated coins at $50.95 each, and an individual bullion coin would have been at least $34. Adding up these four coins ($58.95, $50.95, $50.95, and $34) yields $194.85, leaving $105.10 for the reverse proof coin and packaging.
The US Mint currently sells the individual “W” mint marked proof coin for $59.95, which leaves $90 for the reverse proof coin and packaging within the upcoming San Francisco Silver Eagle Set.
These numbers are not completely comparable and transferable due to different production volumes and differences in the price of silver, but roughly seem to support pricing for the upcoming set."
Also, how likely is it that the S Reverse Proof will be worth more than, say $100? ($150 for the set minus a $50 floor for a regular proof.)
Or, how likely is it that the S proof itself will be worth more than the value of generic proof silver eagles?
Depends on the mintage, we all say. And depends on what the Mint will do next year to milk these cows.
Even so, I'm guessing it's pretty likely on both counts that these coins will hold and even exceed that $150 value at least for the next year.
For all who complained about the Pucks and 25th sets that still made a profit get used to it. The Mint will probably take a little of "your" profit from now on.