AGE Anniversary Set - Will price come down next year?

swest · September 5, 2006 2:09PM

Modern gold coin collectors....

What do you think of the hype regarding the AGE 3 coin set? I know there are a lot of posts about this and I see some high priced sales on Ebay...but do you think this is a situation where you can wait it out and get it at issue or lower next year?

It sure seems like the set will be a hit, but then again the Buffalo was pretty hyped too. I guess the big difference will be the ultra low mintage and quick sell out by the mint. If I had a chance to grab one at $3000, should I? Or should I wait and see if the market will get ebayed to death and lower the price a bit?

Thanks!

Bear · September 5, 2006 2:11PM

I believe that 3000 dollars for the 3 gold coins would still be a prudent

purchase. I do not believe that the after sale price will fall below that.

Coinhog · September 5, 2006 2:21PM

The proof buffalo had a much larger mintage that is still not sold out. It also started with limited distribution of 10 sets per order but that was increased to 5000 sets per order. The AGE had a tiny mintage of 10,000 units limited to 10 sets per order and it sold out in less than 22 hours. There were no large dealer purchases. This is similar to the 1999 silver proof sets which are selling for $400 and also had order limits, except that the total mintage of the AGE set is slightly over 1% of the total mintage of the 1999 silver proof set. All of this equals a selling price of between $5000-10,000 within a year. In my opinion, buy now while you still can get it. I am not sure that you can even get one for $3000 now.

BlindedByEgo · September 5, 2006 2:22PM

<<AGE Anniversary Set - Will price come down next year?>>

Has it gone up?

GAT · September 5, 2006 2:26PM

You will never see them this cheap again, one day they will be in 5 figures. However, I wouldn't buy one of these future delivery sets, many scammers out there.

Coinhog · September 5, 2006 2:36PM

<< <<AGE Anniversary Set - Will price come down next year?>>

Has it gone up? >>

one sold yesterday for $4750.

BlindedByEgo · September 5, 2006 3:04PM

<< 

<< <<AGE Anniversary Set - Will price come down next year?>>

Has it gone up? >>

one sold yesterday for $4750.

>>

But since the transaction cannot be completed in 30 days - Ebay rules - it is invalid.

So I ask again - has it gone up?

Konahead · September 5, 2006 3:20PM

The 30 day rule on Ebay only matters if the two parties don't agree. If the seller and buyer want to wait two months they can. I have in the past ordered several China and other coins that took over 30 days to deliver and they did. The transaction did occur and for the orginal price still in the system. Orders are kept in the Ebay systems for 60 days.

BlindedByEgo · September 5, 2006 3:25PM

<< The 30 day rule on Ebay only matters if the two parties don't agree. If the seller and buyer want to wait two months they can. I have in the past ordered several China and other coins that took over 30 days to deliver and they did. The transaction did occur and for the orginal price still in the system. Orders are kept in the Ebay systems for 60 days. >>

Maybe not.

GAT · September 5, 2006 3:29PM

Surprise, Surprise, the auctions are still up on eBay. All eBay cares about is their pocketbook.

Newb · September 5, 2006 3:31PM

Screw ebay. The buyer and seller can complete the transaction on their own, if the buyer feels comfortable enough.

Newb · September 5, 2006 3:36PM

<< Surprise, Surprise, the auctions are still up on eBay. All eBay cares about is their pocketbook. >>

right - they'll probably leave the 3pc gold auctions up cause that's where they're making the dough. And if the Mint says "expected to ship mid October", who's to say they won't ship early? How can ebay GUARANTEE this item won't be available within 30 days of auctions ending in a week or so? The silver sets clearly state December, so they might have a point there, but with the gold it's debatable.

HighRelief · September 5, 2006 3:57PM

This eBay seller wants to make a quick $3,000.00 selling his AGE Anniversary Set This reminds me of that First Strike PR70 Buffalo that went for about $5,600.00 on eBay when they first came out.

Coinhog · September 5, 2006 9:13PM

<< 

<< 

<< <<AGE Anniversary Set - Will price come down next year?>>

Has it gone up? >>

one sold yesterday for $4750.

>>

But since the transaction cannot be completed in 30 days - Ebay rules - it is invalid.

So I ask again - has it gone up? >>

At this point whetheh the transaction is valid or not is up to the buyer and seller. Ebay put them together, they agreed on the price. If the buyer can live with a delivery date in Mid October...... Done deal.

ABC123 · September 5, 2006 9:56PM

Predicting the future is like trying to catch a housefly by the wings !

INXS · September 5, 2006 10:02PM

Same seller that sold the one for $4750. Greed maybe, but then again if someone buys it more power to him/her.

LINK

Newb · September 5, 2006 11:45PM

<< Same seller that sold the one for $4750. Greed maybe, but then again if someone buys it more power to him/her.

LINK >>

Exactly. Seems like some people are not happy with others making a profit. These aren't precious pieces of history in need of documentation and preservation - they're modern crap that can be flipped for a quick buck. VIVA capitalism!!

RedTiger · September 5, 2006 11:45PM

The price is going to fluctuate widely. All of the following is opinion and based on a cloudy crystal ball: I believe there will be a spike high sometime in the fall at around $6,000. It may go down a bit after that. However, $3000 will be a strong floor for the short term as there will be many buyers that got shut out at that price. As the price of gold moves it will help or hurt the set, with three ounces of bullion value. I believe that if gold reaches $1000 next year, the set is going to the moon ($10k+).

swest · September 6, 2006 12:16AM

Hmm..

Well thanks for the info guys. I am on the mint waiting list but I think I will go ahead and get that set while I can.

I plan to hold on to it for my collection due to the low mintage but it is a comfort knowing I could sell it right away for more than I bought it for.

Thanks!

Coinhog · September 6, 2006 12:21AM

<< Hmm..

Well thanks for the info guys. I am on the mint waiting list but I think I will go ahead and get that set while I can.

I plan to hold on to it for my collection due to the low mintage but it is a comfort knowing I could sell it right away for more than I bought it for.

Thanks! >>

let us know if you can find one for $3000. Inquiring minds want to know.

itsnotjustme · September 8, 2006 2:54AM

$3K seams very good. E-Bay is appearing to stablize in the $3,800 - $4,000 range. Afew higher or lower, but most near here.

aficionado · September 9, 2006 6:31AM

Holy buffalo !!

I just saw what the 2001 buffalo silver dollar is selling for:

NGC PF70 - $2000

Ungraded two coin set - $500

PCGS two coins graded 69 - $490

If this is any precident, our Silver Eagle should to very well !! Both Gold and Silver.

A three coin set, with all three graded 70 in an NGC holder, either the gold or silver will surely bring mucho denaro !!!

fountainheadgold · September 9, 2006 7:10AM

<< Holy buffalo !!

I just saw what the 2001 buffalo silver dollar is selling for:

NGC PF70 - $2000

Ungraded two coin set - $500

PCGS two coins graded 69 - $490

If this is any precident, our Silver Eagle should to very well !! Both Gold and Silver.

A three coin set, with all three graded 70 in an NGC holder, either the gold or silver will surely bring mucho denaro !!! >>

What was the mintage of the 2001 buffalo set?????

fishcooker · September 9, 2006 9:31AM

Simon says say "No."

Coinhog · September 9, 2006 10:23AM

<< A three coin set, with all three graded 70 in an NGC holder, either the gold or silver will surely bring mucho denaro !!! >>

Not nearly as much as a set grad 70 by PCGS

ABC123 · September 9, 2006 10:46AM

There are no guarantees in Life, besides Death and Taxes---IRS

bigbadchad777 · September 9, 2006 10:48AM

no.
only up!

Fountainhead · September 9, 2006 2:18PM

Hey, I'm only interested in the reverse proof anyway. Why shouldn't I wait until someone breaks the set up and slabs 'em before buying what I want?

oreville · September 9, 2006 2:23PM

The prices will be initially strong during the remainder of 2006 then weaken a bit during the 2007 year (but still well above issue prices) as buyers try to "boycott" the increasing prices anyway they can. Prices will

The buyers efforts will fail by the end of the 2007 year and prices will be strong once again starting in 2008.

The buffalo silver dollars did NOT go straight up for the past 5 years. They had their weak and declining prices at various intervals although remarkably stable overall.

Fountainhead · September 9, 2006 2:26PM

The Buffalo's are "remarkably stable" because the Mint sold them without a limit and a few buyers cornered the market and are letting go of their "investment" bit-by-bit.

pf70collector · September 9, 2006 9:18PM

I don't think you will get the reverse proof gold alone slabbed for less than the entire set was selling originally at the mint.

AGE Anniversary Set - Will price come down next year?

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