Just some thought on the 20th Ann Silver Eagle Sets

Bear · October 28, 2006 12:53AM

.I believe that the silver sets will on a percentage basis

do better then the gold sets for the following reasons.

1. At the lower cost, many more collectors can afford several
sets to tuck away or give as gifts.

2. The looser quality control of the outsourced packing
and mailing, means that a high
grade of 69 or 70 will be rewarded with high multiples

3.The first strike sets, with high grades, will be unusually scarce
as most sets will be delivered after the 11/11/06 postmark deadline

4. It would seem that a 69 set accross the board, in First Strike,
could break thru 400 dollars a set by the first of the year.

5. A 70 set, might well stagger the imagination.

6. Anyone that gets even a single 70 from PCGS is sitting pretty. Dont sell
just tuck it away for an annuity.

ABC123 · October 28, 2006 12:56AM

Correct !

SNMAN · October 28, 2006 1:02AM

Bear,

Why aren't there more PR-70DCAM?

rever proofs are from the P mint

The reg proofs are from the W mint; for them to receive a PR-68DCAM .........wow

thanks in advance,

SNMAN

Bear · October 28, 2006 1:15AM

Its possible that a different outsourced firm did the packing and

mailing of the silver sets. The quality control over this service,

was not as good as that shown for the gold sets. The rough and

ready handling of the silver sets and the popping open of the capsules

as well as the inadequacy of sufficient packing materials

could have been the main causes of so many 68s and so few 69s and 70s

on the Silver Sets.

Pentimento · October 28, 2006 1:23AM

As for the lack of 70's, In my experience, it was 50% packaging probs, 50% crazy new striking probs on the rev proofs.

RYK · October 28, 2006 1:25AM

I will take the other side of this argument (and I have 5 sets at the FedEx depot waiting to be picked up).

1. There are a staggering number of these sets, easily enough for anyone who wants one to get one. Most already have.

2. The SAE anniversary sets seem to be riding the tide of the popularity of the GAE anniversary sets.

3. This game whereby the Mint creates a product that gets hoarded by speculators, an artificial supply shortage is created, and the speculators make multiples of their investment cannot go on forever. Think Cisco in 1999.

That said, I have not yet decided what i am going to do with my sets. Keep them, sell them, grade them, leave them closed, open them, give them away, etc.

Coinhog · October 28, 2006 1:26AM

<< <i>.I
4. It would seem that a 69 set accross the board, in First Strike,
could break thru 400 dollars a set by the first of the year.

5. A 70 set, might well stagger the imagination.

6. Anyone that gets even a single 70 from PCGS is sitting pretty. Dont sell
just tuck it away for an annuity.

>>

The 69 sets are already bringing in over $700

Bear · October 28, 2006 1:33AM

Once again, I find myself behind the curve.

700 dollars, that is inspirational. Almost makes

up for the grading fees.

7over8 · October 28, 2006 9:17AM

69 sets are backing off with some sales in the 350-425 range, they should move forward once many realize that these are not grading 69 and better for the majority. Many submitters including myself have rec'd many 68's. It looks like the silver rev prf in 70 and the silver reg proof in 70 are going to be tougher than the gold rev prf in 70!!!

classiccoin · October 28, 2006 9:40AM

just think of all the nice coins that could be purchased with all the funds given to pcgs for the grading of brand new coins.. its all the bigger fool theory and pcgs is laughing all the way to the bank

tincup · October 28, 2006 9:51AM

<< <i>just think of all the nice coins that could be purchased with all the funds given to pcgs for the grading of brand new coins.. its all the bigger fool theory and pcgs is laughing all the way to the bank >>

Agreed. But..... you can choose to laugh along with them to the bank (or not). The market seems to want to reward the First Strike designation, regardless of what some think about it.

Bear · October 28, 2006 10:10AM

While contrary thinking can produce rewards,

sometimes, you just gotta go with the flow.

Bear · October 28, 2006 10:12AM

Every passing day, it appears that first Strike, PCGS silver eagle sets

in 69 grades, are looking like a better and better bet. It appears 69s are going

to be tough to get and 70s, will be like pulling hens teeth.

bfjohnson · October 28, 2006 11:48AM

In the long run will be a great set evaluated by percentage and probably the short run.

fountainheadgold · October 28, 2006 12:12PM

Here's the first pr70 reverse proof pcgs, I appologize about the bad scan, I have picture deficit disorder

Shutterlife · October 28, 2006 12:45PM

<< <i>Here's the first pr70 reverse proof pcgs, I appologize about the bad scan, I have picture deficit disorder
>>

So you're the one with the 70. last i checked the population report there's only one graded. nice score. I'll trade you a pr70dcam for it

wondercoin · October 28, 2006 12:51PM

With all due respect, I highly, highly doubt that was the first 70 REV PROOF as I know of (3) other PR70 coins including (1) piece slabbed from a submission that was verified as the second bulk submission PCGS ever saw of these coins (received just slightly after the first bulk submission received) and that first bulk submission yielded -0- PR70 coins. There are at least -4- pieces I know of out there, now including this one.

Wondercoin.

fountainheadgold · October 28, 2006 12:54PM

Geeze sorry, maybe it is the second, Then

wondercoin · October 28, 2006 12:55PM

It could be the second - did you grade it yourself or buy it from out there? Wondercoin

fountainheadgold · October 28, 2006 12:58PM

I sent it in a couple of weeks ago, pcgs pop report shows only 1 . pop report is updated every Monday morning. I am sure it will go up a bunch on Monday

wondercoin · October 28, 2006 1:11PM

Congrats on your nice grading result! Isn't the coin an awesome piece? Wondercoin

fountainheadgold · October 28, 2006 1:18PM

Thank You, it is absolutly gorgeous, the silver reverse proof is the best of all of the anniversary coins

TommyB · October 28, 2006 2:42PM

I'm having a tough time photographing these guys. Don't have all my lights set up though. Will try again later on.

aficionado · October 28, 2006 4:08PM

Price wise, we'll probably see the same thing that has happened with the Gold set.

Although, First Strike, might remain high due to low numbers, and the fact that there is confusion as to what is the true cutoff date.

I think it will take a year for prices to start their accent upwards. Let's face it, if they are still sending the Gold set after a month, with only 10,000 sets.

The Silver will probably take the rest of the year.

Bear · October 29, 2006 12:14AM

The reverse silver proof is absolutely beautiful.

Wonderful picture.

66Tbird · October 29, 2006 1:01AM

I agree, from a price increase in percent the silver sets will do better than the gold in OMP. As far as graded pieces it will more than likely be the same. I think most collectors can do $300-450 for a OMP set in a few years after it all settles, especially if the series keeps its growth rate. BTW who'd ever thunk the Buff set would be at $400 in five years.

pf70collector · October 29, 2006 1:24AM

Here are my grades. A little disappointed but at least I got one 70 to match my other AGE 20th anniversary PF 70 DCAM. Now looking at the pops they are not giving out ASE 70's that much. 3 day turnaround, not bad for a U.S. modern submission

1 1 10983441 89991 2006-W $1 Eagle-20th Anniversary US MS68
2 1 10983442 899977 2006-P $1 Eagle-20th Anniv. Reverse Proof US PR69
2 2 10983443 899977 2006-P $1 Eagle-20th Anniv. Reverse Proof US PR69
3 1 10983444 89991 2006-W $1 Eagle-20th Anniversary US MS69
4 1 10983445 89996 2006-W $1 Eagle-20th Anniversary US PR70DC
5 1 10983446 89996 2006-W $1 Eagle-20th Anniversary US PR69DC

Bear · October 29, 2006 1:43AM

Has PCGS published the number of Silver Eagles MS, RP and PR

in each grade yet?

pf70collector · October 29, 2006 2:03AM

PCGS No: 89991
Date: 2006-W
Denom: $1
Variety: Eagle-20th Anniversary First S
Desig: MS
VG-VF: 0
40: 0
45: 0
50: 0
53: 0
55: 0
58: 0
60: 0
61: 0
62: 0
63: 0
64: 0
65: 0
66: 0
67: 0
68: 78
69: 245
70: 0
Total: 323

PCGS No: 899977
Date: 2006-P
Denom: $1
Variety: Eagle-20th Anniv. Reverse Proo
Desig: PR
VG-VF: 0
40: 0
45: 0
50: 0
53: 0
55: 0
58: 0
60: 0
61: 0
62: 0
63: 0
64: 0
65: 0
66: 0
67: 0
68: 18
69: 56
70: 1
Total: 75

PCGS No: 89996
Date: 2006-W
Denom: $1
Variety: Eagle-20th Anniversary First S
Desig: PRDC
VG-VF: 0
40: 0
45: 0
50: 0
53: 0
55: 0
58: 0
60: 0
61: 0
62: 0
63: 0
64: 0
65: 0
66: 0
67: 0
68: 4
69: 53
70: 11
Total: 68

No MS 70's and I don't think there will be at least from PCGS. I don't have the regular non first strike populations because I don't know where to find the numbers.

aficionado · October 30, 2006 7:40AM

Updated:

PCGS No: 89991
Date: 2006-W
Denom: $1
Variety: Eagle-20th Anniversary First S
Desig: MS
VG-VF: 0

66: 0
67: 0
68: 200
69: 463
70: 0
Total: 663

PCGS No: 899977
Date: 2006-P
Denom: $1
Variety: Eagle-20th Anniv. Reverse Proo
Desig: PR
VG-VF: 0

66: 0
67: 0
68: 94
69: 221
70: 6
Total:

PCGS No: 89996
Date: 2006-W
Denom: $1
Variety: Eagle-20th Anniversary First S
Desig: PRDC
VG-VF: 0

67: 0
68: 20
69: 274
70: 43
Total:

Manorcourtman · October 30, 2006 7:59AM

<< <i>I will take the other side of this argument (and I have 5 sets at the FedEx depot waiting to be picked up).

1. There are a staggering number of these sets, easily enough for anyone who wants one to get one. Most already have.

2. The SAE anniversary sets seem to be riding the tide of the popularity of the GAE anniversary sets.

3. This game whereby the Mint creates a product that gets hoarded by speculators, an artificial supply shortage is created, and the speculators make multiples of their investment cannot go on forever. Think Cisco in 1999.

That said, I have not yet decided what i am going to do with my sets. Keep them, sell them, grade them, leave them closed, open them, give them away, etc. >>

Well said and thought out. As a modern guy I hate to say it but with these mintage numbers expect a long slide in prices at all grades.

Topcoin · October 30, 2006 9:49AM

I ordered 2 sets and sold one on Fleabay for a $ 75 dollar profit. Both of my sets appeared flawless to the eye. Keep them or sell them who knows but my set was almost free. With all the returns happening I would not expect a sky rocket in price. JMO

Just some thought on the 20th Ann Silver Eagle Sets

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