@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
I think the addition of a potential 200,000 more regular proof dual dated’s will bring that coin to the current fate of the Congrats set.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
Did this not sell out ?
I recall the 2008 with the reverse of 2007 selling for under $100 at the start
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
I think the addition of a potential 200,000 more regular proof dual dated’s will bring that coin to the current fate of the Congrats set.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
I think the addition of a potential 200,000 more regular proof dual dated’s will bring that coin to the current fate of the Congrats set.
I'm not so sure @ the mint prices ?
Do you mean you’re not sure they could move another 200,000 of those, or that you’re not sure it would drop to current Congrats levels? I haven’t looked at the secondary prices on them in over a week, but they were around $230 then. I figure that even another 75,000 of those would bring them to $200 or. lower.
The 2026-P's are winners, many people don't realize it yet. It is a condition rarity in PR70. It's not obvious from pop reports, but if you look at First Strike - which is the submission most collectors use because they can't do any of the other special labels and are typically submitted without min grade specified, there are way more PR69's than PR70s. Remember these numbers include some bulk submissions for the plain First Strike label with Min Grade 70 also. My guess is less than 1/3 are PCGS PR70's. The 4 I submitted all came back PR69s.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
I think the addition of a potential 200,000 more regular proof dual dated’s will bring that coin to the current fate of the Congrats set.
Absolutely. But most people know that it's coming. Even with the 300K already out there, they don't sell for that much less than the Congratulations coins.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
Did this not sell out ?
I recall the 2008 with the reverse of 2007 selling for under $100 at the start
It did. And people did chase it. Now, not so much, and the price is collapsing. That's the point.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
I think the addition of a potential 200,000 more regular proof dual dated’s will bring that coin to the current fate of the Congrats set.
I'm not so sure @ the mint prices ?
Do you mean you’re not sure they could move another 200,000 of those, or that you’re not sure it would drop to current Congrats levels? I haven’t looked at the secondary prices on them in over a week, but they were around $230 then. I figure that even another 75,000 of those would bring them to $200 or. lower.
Regular dual dated proofs in OGP have always been below the Congratulations set, due to the much higher mintage. That hasn't changed. But, they are not much below the Congratulations set, in spite of a much higher mintage.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
I think the addition of a potential 200,000 more regular proof dual dated’s will bring that coin to the current fate of the Congrats set.
I'm not so sure @ the mint prices ?
Do you mean you’re not sure they could move another 200,000 of those, or that you’re not sure it would drop to current Congrats levels? I haven’t looked at the secondary prices on them in over a week, but they were around $230 then. I figure that even another 75,000 of those would bring them to $200 or. lower.
Regular dual dated proofs in OGP have always been below the Congratulations set, due to the much higher mintage. That hasn't changed. But, they are not much below the Congratulations set, in spite of a much higher mintage.
Been to a few coin shows and several coin club meetings in the last few months. I'd guess that 90% or more of collectors don't even know about the 2026-P Proof. Most don't know this coin is different and there's another proof to collect other than the regular 1776-2026-W Proof. I think as time passes and more and more collectors figure it out, this coin will do well. Surprised it's so close to the Mint issue price and even seen some selling on the BST at cost.
@jmlanzaf said:
It would be very unusual for demand for a Mint release to suddenly increase.
You mean like what happened with the gold buffalo fractional coins? No, it wasn't unusual.
If supply dries up, then demand raises prices.
If a proof silver eagle at 60k mintage can't break $200, it is over for this mint program. None of the future releases will be worth buying period.
Not without the Mint lowering the initial price. You’re right, with silver at $71
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
I think the addition of a potential 200,000 more regular proof dual dated’s will bring that coin to the current fate of the Congrats set.
I'm not so sure @ the mint prices ?
Do you mean you’re not sure they could move another 200,000 of those, or that you’re not sure it would drop to current Congrats levels? I haven’t looked at the secondary prices on them in over a week, but they were around $230 then. I figure that even another 75,000 of those would bring them to $200 or. lower.
Regular dual dated proofs in OGP have always been below the Congratulations set, due to the much higher mintage. That hasn't changed. But, they are not much below the Congratulations set, in spite of a much higher mintage.
It's early brother
And for 95% of Mint offerings, early represents the peak not the bottom. Wishing and hoping is not a strategy. Could it go up? Yes. Is it likely, too. No. And it's not my first rodeo, no matter how Nickel wants to paint it. That is the normal pattern, with a few exceptions.
The 2007/2008 moved later because the exact number of them wasn't known early. There were later moves for the Buffalo fractionals, perhaps, and definitely the bucking bronco. But most hot Mint issues are hot early. The opposite that Nickel keep saying, though for the same reason. When the flippers are in, the perceived demand is higher causing an initial shortage of coins because so many are in flipper hands. That pushes the prices early. But as the flippers keep selling, they satiate demand and the coins start dropping as a result.
The demand will not get higher later. The demand is chasing coins now and, apparently, not having trouble getting them despite so many of them in "weak hands".
$200 is a very high price for a "rare" eagle. Could it go up? Yes. But why is 2.5x silver not high enough already??? You can keep cheerleading. But no one has offered any real reason why demand is going to rise later.
Can ANYONE find an example of a Mint issue that dropped 40% below its post release price and then suddenly surged later? I can't think of any. This issue has not failed to rise after release. It rose significantly after release and then started dropping which is the NORMAL pattern. Rising later is highly abnormal, other than for long term bullion price increases and general market inflation. The V75s are currently 60% or so below their post strike release highs, for example.
Answer this question, please: What is suppressing demand now? It is not demand that is going to change but supply as the flippers exit the market. Half Dimes argument is backwards. Supply is artificially low now and demand is artificially high because of the flippers in the market. That is why hot issues tend to peak just after release. So, seriously, the request is not rhetorical. What do you think is suppressing demand now that is going to cause a surge later?
People can believe whatever they want, but when you have coin dealers getting a large supply of these, compounded by flippers and an extra mint release, it dropped the prices down to the "I will sell at what I can get to pay my credit card bill" mentality.
That is where we are today.
Until the dealers and flippers run out of inventory, the true price will not happen.
Yes there are more than 60k collectors of proof silver eagles, and it will show over time. A 60k proof mintage is like a 45k UNC mintage, and that number is too low not the have a premium. For those on their first rodeo, just wait and see.
What is the mints justification for $100 premium? Spot silver price has been steady for months at around $70-$75. Who is going to buy an ASE at 300K mintage at $175. I guess until the mint sees they are not moving their product.
@pf70collector said:
What is the mints justification for $100 premium? Spot silver price has been steady for months at around $70-$75. Who is going to buy an ASE at 300K mintage at $175. I guess until the mint sees they are not moving their product.
Proof Silver Eagles were $95 each when silver was at $30 per ounce when the 2025 was released in January 2025.
Even worse for the 2024 Proof Silver Eagles which were $80 each when silver was at $22 per ounce back in January 2024.
So, on a percentage basis, the price of proof Silver Eagles is down quite a bit this year.
@pf70collector said:
What is the mints justification for $100 premium? Spot silver price has been steady for months at around $70-$75. Who is going to buy an ASE at 300K mintage at $175. I guess until the mint sees they are not moving their product.
Proof Silver Eagles were $95 each when silver was at $30 per ounce when the 2025 was released in January 2025.
Even worse for the 2024 Proof Silver Eagles which were $80 each when silver was at $22 per ounce back in January 2024.
So, on a percentage basis, the price of proof Silver Eagles is down quite a bit this year.
Except that's not how the numismatic market works. St. Gaudens Double Eagles also sold at a far higher premium to intrinsic value when gold was $300 per ounce than today.
Because the simple fact is that people pay for coins with gross dollars. Not percentage premiums over spot. So $4500 is far higher than $1500 for a Double Eagle, and $175 is far higher than $95 for an ASE. Period.
Higher prices lead to lower demand. Which is why mintage figures for precious metal numismatic product has been on a decline for several years, as both the spot price of gold and silver have skyrocketed, and as Mint premiums to spot have not contracted, as the market demands.
Propping prices up by artificially restricting supply will work for a while, until it doesn't. We are starting to see the limits to that strategy with a 60K mintage proof ASE struggling to stay above $200 in the secondary market.
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I'm with HalfDime !
This ^^^. People think demand is inelastic, and that the market will support whatever price the Mint sets. It isn't and it won't.
Not only have precious metal prices exploded, but the markups the Mint insists on simply do not track what is supported in the secondary market. As a result, people get frustrated and withdraw from the market. That puts a lid on ultimate demand, even if "hot" issues do well initially.
This might very well be Exhibit A. Because the issue price was almost double the price of similar items from last year.
It sold out, but people don't really care about it anymore, because it isn't easy to flip for a profit that makes it worthwhile. That will only dampen future demand for similar items. The. Mint really did take a page out of the Franklin Mint's playbook here, with tons of releases at obnoxious prices. The results will likely be similar, with $124.50 annual uncirculated sets and $170 numismatic ounces of silver.
I feel like a lesson was learned here by the collectors or investors who bought at $300-$330 on the secondary market prior to the additional 20,000 that were released later. Will those people take that leap again with the next silver Eagle (due in July) with over double the mintage?
Probably. FOMO is very powerful (just ask several of the folks on this forum) and people don't learn.
If it's hyped (and it will be) and if people miss out, they will chase it.
Time will tell Brother !
True. But the wildcard will be whether or not it sells out. Not whether people will chase it if it does.
And then, if they do chase it, based on the performance of the Congratulations set, it will peak and then fall. Unless dual dates and privies are such a draw that mintage won't matter. Which I guess might be the case, given the performance of the regular proof, with 300K and another 200K on the way, as compared to the Congratulations set.
I think the addition of a potential 200,000 more regular proof dual dated’s will bring that coin to the current fate of the Congrats set.
Did this not sell out ?
I recall the 2008 with the reverse of 2007 selling for under $100 at the start
I'm not so sure @ the mint prices ?
Do you mean you’re not sure they could move another 200,000 of those, or that you’re not sure it would drop to current Congrats levels? I haven’t looked at the secondary prices on them in over a week, but they were around $230 then. I figure that even another 75,000 of those would bring them to $200 or. lower.
Sell at the bottom, you would do great in the stock market.
Many times, too many to count, products have barely gone up until the flippers are out of inventory. You act like this is your first rodeo.
Look at the total mint .... 60K v/s 500K
The 2026-P's are winners, many people don't realize it yet. It is a condition rarity in PR70. It's not obvious from pop reports, but if you look at First Strike - which is the submission most collectors use because they can't do any of the other special labels and are typically submitted without min grade specified, there are way more PR69's than PR70s. Remember these numbers include some bulk submissions for the plain First Strike label with Min Grade 70 also. My guess is less than 1/3 are PCGS PR70's. The 4 I submitted all came back PR69s.
I think that tracks. I've got 10, and 3 of those have no visible flaws (to me). The other 7 all have that suction cup ring marking.
Absolutely. But most people know that it's coming. Even with the 300K already out there, they don't sell for that much less than the Congratulations coins.
It did. And people did chase it. Now, not so much, and the price is collapsing. That's the point.
Regular dual dated proofs in OGP have always been below the Congratulations set, due to the much higher mintage. That hasn't changed. But, they are not much below the Congratulations set, in spite of a much higher mintage.
It's early brother
Been to a few coin shows and several coin club meetings in the last few months. I'd guess that 90% or more of collectors don't even know about the 2026-P Proof. Most don't know this coin is different and there's another proof to collect other than the regular 1776-2026-W Proof. I think as time passes and more and more collectors figure it out, this coin will do well. Surprised it's so close to the Mint issue price and even seen some selling on the BST at cost.
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The economy comes to mind ?
In 2008 I was buying the ASE with the reverse of 2007 for under $100 , in 2009 I was selling them for $550...
As far as the economy is concerned , buy gas and groceries ! Any left over money may NOT go to numismatic collections .... for the average person .
People can believe whatever they want, but when you have coin dealers getting a large supply of these, compounded by flippers and an extra mint release, it dropped the prices down to the "I will sell at what I can get to pay my credit card bill" mentality.
That is where we are today.
Until the dealers and flippers run out of inventory, the true price will not happen.
Yes there are more than 60k collectors of proof silver eagles, and it will show over time. A 60k proof mintage is like a 45k UNC mintage, and that number is too low not the have a premium. For those on their first rodeo, just wait and see.
how many stopped collecting ase with the change to type 2?
not me
maybe 60k is a lot
H> @MsMorrisine said:
I believe this is the second lowest mintage ?
I could be wrong ?
depends upon how many collectors of ase are collecting type 2
and it's the key to the type 2 set. for now.
Straight proof, yes. Third lowest mintage of any silver eagle.
I'm holding on , I believe HalfDime is correct !
i don't think all ase collectors buy the unc version
are the 95W prices coming down?
Now I regret selling some of mine ...
Again , time will tell
I'm still on board with HalfDime !
What if PCGS did a different label for first strike first issue first strike second issue that might shake up the market probably too late now
The court jester does not play, but gently pulls the strings…
What is the mints justification for $100 premium? Spot silver price has been steady for months at around $70-$75. Who is going to buy an ASE at 300K mintage at $175. I guess until the mint sees they are not moving their product.
Box of 20
Proof Silver Eagles were $95 each when silver was at $30 per ounce when the 2025 was released in January 2025.
Even worse for the 2024 Proof Silver Eagles which were $80 each when silver was at $22 per ounce back in January 2024.
So, on a percentage basis, the price of proof Silver Eagles is down quite a bit this year.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
Except that's not how the numismatic market works. St. Gaudens Double Eagles also sold at a far higher premium to intrinsic value when gold was $300 per ounce than today.
Because the simple fact is that people pay for coins with gross dollars. Not percentage premiums over spot. So $4500 is far higher than $1500 for a Double Eagle, and $175 is far higher than $95 for an ASE. Period.
Higher prices lead to lower demand. Which is why mintage figures for precious metal numismatic product has been on a decline for several years, as both the spot price of gold and silver have skyrocketed, and as Mint premiums to spot have not contracted, as the market demands.
Propping prices up by artificially restricting supply will work for a while, until it doesn't. We are starting to see the limits to that strategy with a 60K mintage proof ASE struggling to stay above $200 in the secondary market.
Slabbed PR69s should absolutely sell for less than an ungraded example in OGP, no surprise there.
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Who had ****Hell yeah!**** in the "Will the Mint go over the 60,000 limit on the 2026 Congrats set" pool?
2026 Congratulations Gift Set 59,993 60,099 +106 0.18%
Could go back down under next week, and this isn't a massive amount over, but still over.