one has to wonder if this makes any sense from a long term investment standpoint, in my eyes its an item that the buyer will likely be buried in and with
regardless of how many posts I have, I don't consider myself an "expert" at anything
<< <i>one has to wonder if this makes any sense from a long term investment standpoint, in my eyes its an item that the buyer will likely be buried in >>
Then at some point in the future some unsuspecting coin dealer will have to explain that he isn't interested in being held to the lunatic pricing the previous owner believed in.
With stuff like this, particularly moderns it seems- more often than not it's a sucker game. It's all sunshine and roses until later on when the owner finds out that the only other folks who think the piece is worth the crazy money paid are the others who are equally buried.
I'm in the minority, but I think this coin has some potential to further appreciate in price.
Compare it to the 2006-W burnished silver eagle in PCGS MS70. The regular label, with over 1000 graded, fetches about $160. The "20th Anniversary" label goes for $600+. Add "First Strike" and the price exceeds $1500. And we're talking hundreds of coins with special labels here.
So far, the 2012 Limited Edition Silver Proof Set has flown under almost everyone's radar as far as First Strikes are concerned. The 2012-W Silver Eagle in the set is especially scarce in top grade - only 5 First Strikes with the designation "Limited Edition PR Set" have been graded PR70DCAM, with another 45 graded PR69DCAM and a few graded lower. These numbers could rise, but very few First-Strike-eligible unopened boxes are appearing on eBay, so it's unlikely that the number of First Strikes will come anywhere near the multiple hundreds of First Strike 2006-W Silver Eagles from the 20th Anniversary sets.
A 2013 version of the Limited Edition Silver Proof Set is now on the Mint's product schedule, so it looks to be an annual offering going forward. The issue limit for 2012 was 50,000 sets and they sold out earlier this year. I expect that more of the coins in the 2013 set and future sets will be submitted for First Strike with the set designation on the label. This means that in all likelihood, the 2012 Silver Eagles and other coins in the set will become the keys for those collecting First Strikes.
<< <i>Maybe it's just me, but I don't understand one iota of this. >>
...I'm with you!
"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
In my opinion and no offense to the older date coin collectors, you could be missing the boat on modern coin collecting. The label or set the coin is it. Not the MM. Look @ the graded Eagles from the 2012 Coin and Currency set or the 2012 Unc Dollar set. They are all selling for double, triple or in the case of the LE set, 10x + the regular mint issues.
<< <i>I have a couple of these sets in the sealed mint box, I assumed I was buried in these. How do I know if they are fs eligible? >>
According to this, the cutoff date for First Strike was Jan. 29, 2013, and submission through the Bulk Department is required to receive the "Limited Edition PR Set" label.
Shaking my head. I just don't get it. Maybe TPGs will just start selling plastic with pretty labels without coins. After all, in so many cases the coins are just a fraction of the value of the plastic. Is it me, or does this just seem very, very, stupid to anyone else.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
I dunno. The whole top-pop, first-strike, modern PF70 game is a little outside of what makes sense to me at the moment. I had a 2009 UHR double eagle in MS70, but had a chance to flip it to acquire a nice 1798 Bust Dollar. That was a couple of years ago. Now the dollar is worth more and the UHR is worth less. The bustie is infinitely more cool. I figured it would be easy enough to replace the UHR any old time. No regrets!!!
The ap on my phone says the coin posted by the OP is worth at least $19.20. Yesterday it was more. Tomorrow it could even be less.
Comments
Not really looking for much these days but if I were, it might be a toner.
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
It wasn't always collectors sought out mint marked coins. It wasn't always collectors seek out labeled slabs.
I'd worry about those milk spots way too much to invest more than that
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
<< <i>1 bid......I reserve judgment as all may not be kosher..... >>
For what it's worth, two of these in PCGS PR69 First Strike (pop. 45) recently sold for $416.06 and $570, each with multiple bids.
Regular 2012-W PR69 First Strikes are averaging about $60 to $65 each.
<< <i>Just think how much a CAC sticker would add to the price!
CAC will not accept silver eagles
RAD#306
<< <i>The Labels of today are the Mint Marks of yesterday. >>
Or the labels of today are the beanie babies of yesterday.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>
<< <i>The Labels of today are the Mint Marks of yesterday. >>
Or the labels of today are the beanie babies of yesterday. >>
I agree with the second statement wholeheartedly.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
BHNC #203
To each their own.
<< <i>
<< <i>Just think how much a CAC sticker would add to the price!
CAC will not accept silver eagles >>
I think the poster was just being silly and not serious.
<< <i>one has to wonder if this makes any sense from a long term investment standpoint, in my eyes its an item that the buyer will likely be buried in >>
Then at some point in the future some unsuspecting coin dealer will have to explain that he isn't interested in being held to the lunatic pricing the previous owner believed in.
RIP Mom- 1932-2012
Compare it to the 2006-W burnished silver eagle in PCGS MS70. The regular label, with over 1000 graded, fetches about $160. The "20th Anniversary" label goes for $600+. Add "First Strike" and the price exceeds $1500. And we're talking hundreds of coins with special labels here.
So far, the 2012 Limited Edition Silver Proof Set has flown under almost everyone's radar as far as First Strikes are concerned. The 2012-W Silver Eagle in the set is especially scarce in top grade - only 5 First Strikes with the designation "Limited Edition PR Set" have been graded PR70DCAM, with another 45 graded PR69DCAM and a few graded lower. These numbers could rise, but very few First-Strike-eligible unopened boxes are appearing on eBay, so it's unlikely that the number of First Strikes will come anywhere near the multiple hundreds of First Strike 2006-W Silver Eagles from the 20th Anniversary sets.
A 2013 version of the Limited Edition Silver Proof Set is now on the Mint's product schedule, so it looks to be an annual offering going forward. The issue limit for 2012 was 50,000 sets and they sold out earlier this year. I expect that more of the coins in the 2013 set and future sets will be submitted for First Strike with the set designation on the label. This means that in all likelihood, the 2012 Silver Eagles and other coins in the set will become the keys for those collecting First Strikes.
<< <i>unbelievable that it sold. >>
fwiw, yes, that is hard to stomach.
<< <i>Maybe it's just me, but I don't understand one iota of this. >>
...I'm with you!
100% Positive BST transactions
<< <i>I need these kinda buyers! >>
No kidding, where was this buyer when I was selling this coin / label: Link total POP 1
<< <i>I have a couple of these sets in the sealed mint box, I assumed I was buried in these. How do I know if they are fs eligible? >>
According to this, the cutoff date for First Strike was Jan. 29, 2013, and submission through the Bulk Department is required to receive the "Limited Edition PR Set" label.
<< <i>
<< <i>The Labels of today are the Mint Marks of yesterday. >>
Or the labels of today are the beanie babies of yesterday. >>
Or worse, for the proud new owners, of tomorrow.
i'm having a difficult time with all this negativity.
c'mon. it says, "limited edition" right on the insert sheesh.
.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
Findley Ridge Collection
About Findley Ridge
The ap on my phone says the coin posted by the OP is worth at least $19.20. Yesterday it was more. Tomorrow it could even be less.