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2017-(P) American Silver Eagle - PCGS MS70 - FS $775.00 - Philadelphia Label Why is this selling
Gluggo
Posts: 3,566 ✭✭✭✭✭
Does anybody here collect these? Look at the prices they are asking for on Ebay is there a reason that a Silver Eagle can get this much money for a " Ugly Philadelphia Label "? What because they won the Super Bowl these now assumingly commanding $775.00 for a 1 Ounce coin.
I mean lets be real these are a " Ugly Label right"
Here are some of the links and
Would anybody here actually buy one? I mean I could if I wanted to but is this a waist of money?
I mean is this highway robbery? 
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"Silver Eagles were recently discovered to have been minted at the Philadelphia Mint in Very Small Quantities since 2015. These Coins, only identifiable from their Sealed Monster Box, are Certified as being among the few coins to come from Philadelphia."
Regardless, it seems like a crazy premium -- especially since the same coin is about $400 cheaper without the First Strike designation:
https://www.apmex.com/product/151552/2017-p-silver-american-eagle-ms-70-pcgs-philadelphia-mint
And the same coin graded MS69 is under $50 on ebay.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
If you've got one, sell it quick -- it might develop spots over time. Very tragic if your $775 ASE deteriorates to $50. And IMO it's not worth the risk.
Not surprisingly, the PCGS grade guarantee "shall not apply to coins exhibiting environmental deterioration subsequent to certification, including spotting on modern silver coins."
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
Thanks for the link I see the difference and I did not have the First Strike I think they were selling for more on APMEX. Had some excuse there were only 9 or so graded. Of course a month later there were 50 of them floating around in the world. PCGS of course NGC does not even compete since PCGS commands better prices on the market with these type coins. The ASE's I am refering too. NGC they will grade anything a 70! I found that out the hard way, and paid for it.
In fact NGC is almost a fraudulent grading scam when it comes to ASE's and other common coin grades.
Any body here got a 2018 Monster Box from Philly for sale? Give me a price or are they even doing that any more in 2018?
They got to have the Philly label this one is from West Point!
No Good!
Wait a while.... prices will drop..... after all, you are really only collecting a label in this case.... Cheers, RickO
I remember when the FIRST STRIKE Label was introduced, it was a big deal for some folks on both sides of the fence.
Never thought it would get this crazy. Funny, I like the plain old labels that let you focus on the coin.
PT Barnum was a very wise man.