2012 SF Set mintage from Annual report

BigA · January 6, 2013 4:54AM

Ok let's try this:

<< The American Eagle San Francisco Two-Coin Silver Proof Set sold 179,921 units between June 7 and July 5. This product was produced to true demand as orders were taken prior to production, rather than the Mint estimating a production run and then offering the sets for sale. >>

From the Annual Report..page 21...

..where did the other 40k sets go???

Constantine · January 6, 2013 5:04AM

Cancellations and returns due to spotting or poor quality?

Akbeez · January 6, 2013 5:05AM

I saw that on the Mint Blog -- Michael is going to try to confirm this with the mint. That is QUITE a change downward. If true, this set just got even better.

drei3ree · January 6, 2013 6:10AM

The PR69 sets are still selling well below cost, guess that will change! If correct, this will give a boost to the C&C proof too.

19Lyds · January 6, 2013 6:29AM

<< The PR69 sets are still selling well below cost, guess that will change! If correct, this will give a boost to the C&C proof too. >>

Maybe they will and then maybe they won't.

It seems to me that the US Mint has been very successful in putting out a lot of fires lately. Of course, I'm referring to the fires of wanting to collect these "special issues" due to their abundent nature.

Besides, don;t we have the 2013 Silver Eagles "Sets" to look forward to? Then probably 2014, 2015, and on and on.

BigA · January 6, 2013 7:28AM

<< The PR69 sets are still selling well below cost, >>

Really?...WELL below cost???

drfish · January 6, 2013 9:27AM

Cost of the set ,postage to and from TPGS and grading fees yes - if you factor in EBay or Paypal - then you're selling way way below cost

tander123 · January 6, 2013 10:08AM

What was the issue price? I missed out on these.

JazzmanJAB · January 6, 2013 10:12AM

<< What was the issue price? I missed out on these. >>

$149.95 + S & H.

tander123 · January 6, 2013 10:13AM

Thanks Jazzman.

2manycoins2fewfunds · January 6, 2013 9:37PM

Nice pickup!!

drei3ree · January 6, 2013 10:46PM

The PR69 set graded and sold on eBay will result in ~$50 loss for the seller. The PR70 sets are selling at ~$125 profit. When you figure 3 of 10 were PR70, the flippers are making about $25 for every ten sets they sell...when you add labor, shipping materials & other expenses...

So, if you want to pick up some 2012-S sets at the absolute bottom of the price curve, I'd say get them ASAP.

illini420 · January 6, 2013 10:54PM

<< The PR69 sets are still selling well below cost, guess that will change! If correct, this will give a boost to the C&C proof too. >>

I haven't seen even one graded PR69 set sell below the original issue price recently...

BigA · January 7, 2013 1:19AM

Most recent sale....3 sold at $579, one at $599...one left at $599 BIN

PCGS MS/PF70 FS

Not exactly "well" below cost for the 69's

PCGS MS/PF69 FS

drei3ree · January 7, 2013 2:20AM

The PCGS sets were $225 to purchase and grade. On top of that you have capital outlay, packaging, shipping (+ time, material & gas), possibly seller's fees, listing fees, and labor for the entire process--and that's not a complete list. So you should be able to conclude that PR69 sets are selling for WAY less than cost! Some of you will obviously say, "Twenty-five dollars is not WAY less." However, a 10% loss in a few month is a pretty big loss in my book. Multiply the $25 times 100 or 1,000 sets and we're not talking chump change!

I will say that the PCGS sets, especially PR70, are doing much better than NGC's.

Cakes · January 7, 2013 3:30AM

<< The PCGS sets were $225 to purchase and grade. On top of that you have capital outlay, packaging, shipping (+ time, material & gas), possibly seller's fees, listing fees, and labor for the entire process--and that's not a complete list. So you should be able to conclude that PR69 sets are selling for WAY less than cost! Some of you will obviously say, "Twenty-five dollars is not WAY less." However, a 10% loss in a few month is a pretty big loss in my book. Multiply the $25 times 100 or 1,000 sets and we're not talking chump change!

I will say that the PCGS sets, especially PR70, are doing much better than NGC's.

>>

Ouch you are correct, that's some work to either break even or lose a little and that doesn't count in the 68's and below I am sure some people have got back as grades.

2012 became a sports card collecting year for me. I haven't paid much attention to the 2012 mint offering except to stuff them in my closet. I did buy 2 of the SF sets but skipped the coin and currency sets. Which has done better so far?

BigA · January 7, 2013 4:01AM

So I guess not that many are interested in the possibility that there were under 180k minted.... more interest in present prices than their potential I guess.

I was quite interested in the numbers and the comparisons with the 2006 20th numbers...

Back into my hole in the ground....

Edited to add:

I just saw a thread a day before this thread saying the same thing...and it got zero comments. Sorry for the repeat info....

drfish · January 7, 2013 6:13AM

Regarding the $212 eBay sale for a BIN pr69 FS set - After final value fees,PayPal, and postage the seller netted $182. The seller paid about $220 for the coins - pretty big loss.
With no end in sight for new reverse proof ASEs -mint plans to make 2013s- around least 530,000 type coins available , the 06 pr69s may decrease in value (rather than the 12s going up)

BigA · January 7, 2013 6:16AM

Thanks for the confirmation of my post above yours....price is king....mintage numbers mean nothing

drei3ree · January 7, 2013 7:04AM

<< 

<< The PCGS sets were $225 to purchase and grade. On top of that you have capital outlay, packaging, shipping (+ time, material & gas), possibly seller's fees, listing fees, and labor for the entire process--and that's not a complete list. So you should be able to conclude that PR69 sets are selling for WAY less than cost! Some of you will obviously say, "Twenty-five dollars is not WAY less." However, a 10% loss in a few month is a pretty big loss in my book. Multiply the $25 times 100 or 1,000 sets and we're not talking chump change!

I will say that the PCGS sets, especially PR70, are doing much better than NGC's.

>>

Ouch you are correct, that's some work to either break even or lose a little and that doesn't count in the 68's and below I am sure some people have got back as grades.

2012 became a sports card collecting year for me. I haven't paid much attention to the 2012 mint offering except to stuff them in my closet. I did buy 2 of the SF sets but skipped the coin and currency sets. Which has done better so far? >>

The C&C Sets stink, unless you were lucky enough to get some PCGS 70 1st strikes. They are selling so bad, and so few were graded, I imagine 69's will do better in the future--but it's all about demand...

Cakes · January 8, 2013 12:33AM

<< 

<< 

<< The PCGS sets were $225 to purchase and grade. On top of that you have capital outlay, packaging, shipping (+ time, material & gas), possibly seller's fees, listing fees, and labor for the entire process--and that's not a complete list. So you should be able to conclude that PR69 sets are selling for WAY less than cost! Some of you will obviously say, "Twenty-five dollars is not WAY less." However, a 10% loss in a few month is a pretty big loss in my book. Multiply the $25 times 100 or 1,000 sets and we're not talking chump change!

I will say that the PCGS sets, especially PR70, are doing much better than NGC's.

>>

Ouch you are correct, that's some work to either break even or lose a little and that doesn't count in the 68's and below I am sure some people have got back as grades.

2012 became a sports card collecting year for me. I haven't paid much attention to the 2012 mint offering except to stuff them in my closet. I did buy 2 of the SF sets but skipped the coin and currency sets. Which has done better so far? >>

The C&C Sets stink, unless you were lucky enough to get some PCGS 70 1st strikes. They are selling so bad, and so few were graded, I imagine 69's will do better in the future--but it's all about demand... >>

Thanks for the information, at the time it really looked like the Mint was watering down the market even more so I stood clear.

TheRaven · January 8, 2013 12:36AM

Sounds good to me.....

My set still in the OGP looks better then it did reading this thread.....

GritsMan · January 8, 2013 1:29AM

<< So I guess not that many are interested in the possibility that there were under 180k minted.... more interest in present prices than their potential I guess.

I was quite interested in the numbers and the comparisons with the 2006 20th numbers...

Back into my hole in the ground....

Edited to add:

I just saw a thread a day before this thread saying the same thing...and it got zero comments. Sorry for the repeat info.... >>

It's just hard to judge if there are really 180K serious Eagle collectors--or even 50K. So much is driven by flippers now. I will say that I bought them because I think it's a beautiful set that I'd like my kids to have, whether or not it goes up or down.

2manycoins2fewfunds · January 8, 2013 1:51AM

I'm going to put my 2 sealed boxes in attic and come back in 5+ years and open one.

I'm curious if they will tone with passage of time and a little NC attic heat and cold.

Probably just get sour milk...........spots.

pf70collector · January 8, 2013 2:22AM

Coin Vault had the PCGS San Fransisco 70 sets for sale at $299 plus $24 shipping a few monts ago. It was a small opportunity of buying because they were gone in a few days. I am sure they had pallets of these sets or at least that is what they claimed. It was a good deal but passed because I refused to pay that much for shipping. The only way they made a good profit was to sell probably 100s of these PCGS 70 sets.

Time to move onto the 2013 anniv sets-hoping the mint is smart enough to prodcuce a one time only high relief ASE Proof or ASE high relief reverse proof. That would be a money maker for them.

2012 SF Set mintage from Annual report

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