1986 Green Monster Box of Silver Eagles

Bigdogg · October 17, 2002 11:50PM

Hey Guys;
I am writing and asking all your opinions on buying a 1986 Green Monster box of Silver Eagles that has never been open. What do you think of the price of >$8900.00 plus they want a $100.00 for shipping. I would love to buy it, and I do have the money. But I have a bad feeling about the price. What do you all think and what is the potential for making some money down the road a few years from now? What do you all think??????????
Thanks again in advance
Bigdogg
AKA > Jim

nwcs · October 18, 2002 12:15AM

How many are in the box? I typically am skeptical about non-proof bullion coins having a great long-term increase in value. However, if any have toned really nicely it could bring a premium.

LanLord · October 18, 2002 12:22AM

I believe a green monster is 500 coins.

goose3 · October 18, 2002 12:24AM

If it is from Chattanooga or whomever that large coin world advertiser was, I'd pass on that. I read through that and it looked like all of their stuff is hyped up including this "green monster".

my 2c

nwcs · October 18, 2002 12:25AM

Well, in any case, I'd probably pay $8-11 each.

kranky · October 18, 2002 12:32AM

That comes to $18 per coin - isn't that what singles go for at full retail?

supercoin · October 18, 2002 12:35AM

1986 is a better date and worth a premium, probably $12-$13 each wholesale.

I'm not sure what retail is, but keep in mind that when you go to sell you're probably going to get closer to wholesale unless you sell them off a roll at a time. Most collectors don't want 500 of the same date ASE.

Generally I think it's a bad investment compared to other things you could do with $9000.

If you are mostly interested in the investment potential of government-backed silver (also a bad idea IMO

) you can buy mixed-date ASE for significantly less.

baccaruda · October 18, 2002 12:42AM

if i'm not mistaken there's 500 in that box, correct? that's $18 a piece? not a very big quantity discount.

Bigdogg · October 18, 2002 12:54AM

Thanks Guys
I’m right on board with Goose3 , I never like to pay retail and if I’m buying 500 coins I do expect to get some kind of break. Plus that Chattanooga Coin Company >isn’t that the guy that used to have the Coin Vault show on TV?<>
The only reason at all that brought my attention to this is the potential of the unopened boxes and possibilities of getting some MS 70’s and 69’s too.

HoundDog · October 18, 2002 12:11PM

A "Green Monster" is a case of 500 pieces. There are 25 rolls of 20 coins per roll. At $9,000 that breaks down to $18 a coin, or $320 a roll. That is a bit higher than single piece and roll retail pricing. The good news here is that you may get some PCGS MS 69's out it.......MAYBE ! .....

Do you know how long it takes to go through 500 coins ? PCGS MS69 sell for around $50. So you have $18 cost per coin, then add $15.00 for grading fees, and a few more bucks for postage to and from, plus the insurance, shipped registered mail, and this comes to about $40.00 per MS69, IF you get any at all.

Then you sell it on Ebay, and they take about $4.00 total for the add, so know you have $6.00 per MS69. So lets say you get 5% or 25 coins that grade PCGS MS 69, at $6.00 each, and you have made about $150.00 for your time. If you look at a 1 coin a minute, that is 500 minutes, or about 8.5 hours. $150 is not bad money for 8.5 hours work.....IF...... you get 5% or 25 coins that do make a MS 69. Even just a couple of MS 68's and you have cut into your pocket book bad.

Now figure that this green monster has 500 Troy OZ's in it. with 12 Troy OZ's to the pound, that is about 42 pounds. Then add the wieght of the case and you are looking at 45-50 pounds. Everytime these have been shipped or moved by a NON COIN person, they probably got slammed around, now for 17 years.

IF .....you was thinking about keeping them in the sealed box, for an invesrment, one of 2 things has to happen before you really make any money on them. One is that silver goes way up. The next is that 1986 Silver Eagles go way up, either BU or PCGS Graded.

If you notice in the add, those aren't PCGS MS70 Slabs Either ! PCGS has a pop of 3, 1986 MS70's and haven't graded a MS 70 Silver Eagle is quite some time, with only 11, MS 70's out of the entire series.

I hope this helps you make decision easier for you to make now.

I agree with the idea that you could do better with a $9,000 investment, but to each thier own.

Bigdogg · October 19, 2002 12:00AM

TheNumish · October 19, 2002 12:20AM

Great answer HoundDog!!! I pretty much agree with everything he said. Even if it works out that the coins are good there is not much money to be made.

There is also big risk when you open the box all the coins are ugly. That happened to me on a box of 1995 silver eagles. I immediately lost $1 a coin because there was nothing worth grading. On this deal if the batch is bad your probably only gong to be able to get $12 a coin which means you'll lose $3,000. The Coin Dealer Newsletter lists bid at $12.85 and you'll to discount the coins to sell them. That's where get the $12 a coin. I'd stay away from this deal.

Bigdogg · October 19, 2002 12:52AM

U guys are great THANKS AGAIN

Sorry for that last enter without any text, anyhow thanks HoundDog & THE rest of you Guys You all broke it down for me. Again the members here have guided me in the right direction. Sometimes I don't know what I would do without all your help. Again thanks for all your advise, I always seem to do the right thing if I listen to my gut feelings.And come here for some input :-)
Thanks
Bigdogg
AKA
Jim

crcrews · October 19, 2002 1:42AM

I think you should stay to hell away. 1- Chatt. Coin Co. and 2- not enough potential for a worthwile profit, if any at all. Chas

roadrunner · October 19, 2002 3:26AM

Green Monster boxes? What rubbish. Maybe those could be sold as singles at Fenway with each ballpark frank. You really think that the sellers put away one box of these for themselves and are offering the other 2 boxes as a once in a lifetime deal? Right! They'd much rather have the 30-50% profit right up front on each box they sell. Sell them on TV where they belong.

roadrunner

quarterjack · October 19, 2002 4:05AM

Jim, current CDN Bid is 12.85, quite a premium you would be paying!

But you CAN send ME your money and i promise to spend it WISELY.

Dave

richbeat · October 19, 2002 7:06PM

Bigdogg,

Your thinking is correct. Lewis Revels was the guy from Chattanooga that used to do Coin Vault.

Therustyb · September 28, 2019 5:29PM

Really fun to comb through these old posts. Could you imagine what these would bring today?

blitzdude · September 28, 2019 5:32PM

@Therustyb said:
Really fun to comb through these old posts. Could you imagine what these would bring today?

Yep, about $18 each.

Therustyb · September 28, 2019 5:46PM

👍👌If you find a sealed monster box of 1986 ASes for 18 each you let me know 🙄@blitzdude said:

show previous quotes

@Therustyb said:
Really fun to comb through these old posts. Could you imagine what these would bring today?

Yep, about $18 each.

ricko · September 29, 2019 5:24AM

Fun to read these old threads from time to time..... certainly a different perspective seventeen years later. I am sure that monster box has long since been opened....However, even today, I am not sure it would be a worthwhile investment. Cheers, RickO

keets · September 29, 2019 6:04AM

had the OP bought this in 2002 and sold it in 2012 at the right time he would have come close to tripling his money.

amwldcoin · September 29, 2019 7:44AM

Not so long ago GS bid was $50.00.

@keets said:
had the OP bought this in 2002 and sold it in 2012 at the right time he would have come close to tripling his money.

1986 Green Monster Box of Silver Eagles

Comments

Leave a Comment