1st non 1st strike 20th Anniversary that I have seen

JimDepot · November 18, 2006 5:07AM

Linky

Interesting to see what the prices will be.

Zoins · November 18, 2006 5:11AM

I don't think this will be a good test because the seller doesn't seem to know how to write catchy ads or doesn't know enough about PCGS and ASEs. From the eBay ad:

"I HAVE STUDIED THOUSANDS OF COINS IN MY DAY AND FOR THE LIFE OF ME I DON'T KNOW WHY THESE COINS DON'T GRADE MS70, BUT THEY ALSO DON'T HAVE THE MS70"

He needs to have something like:

"THE HIGHEST GRADE 20th ANNIVERSARY AMERICAN SILVER EAGLES FROM THE WORLD'S NUMBER 1 GRADER. PCGS MS69. THEY DON'T COME ANY HIGHER!"

atom48coin · November 18, 2006 6:17AM

Hey, I want you to write my ads!!
A

Lionel · November 18, 2006 6:36AM

I just happened to bungle into this thread and the auction ended 10 seconds after I clicked the link.

So, this 2006 W Silver Eagle that I can buy right now from the Mint for $19.95 (which has so far sold well in excess of 100,000 units according to the latest mint stats I've got) is suddenly worth $100.00 because it happened to find its way into this 20th Anniversary Eagle set and someone didn't open the box when they got it from the Mint? Oh yeah, and someone put a blurry pic of it on EBAY?

I've already been called on the cybercarpet for making "disparaging" remarks about EBAY flippers and buyers, and this isn't helping my additude. I don't even believe in this "first strike" stuff and I struggle over whether or not I even want to try and profit from it in the future. I was cynical about these 20th Anniversary sets because two of the three coins either were already common or would soon be common; the only special coin being the reverse proofs. I figured the Mint had excess inventory of the regular proofs and uncirculated coins so they were just making me buy up their excess inventory in order to get the really cool coin. Why didn't they just make a few more of the reverse proofs and sell the individual coin as the 20th Anniversary special?

Vent over.

Zoins · November 18, 2006 6:40AM

<< So, this 2006 W Silver Eagle that I can buy right now from the Mint for $19.95 (which has so far sold well in excess of 100,000 units according to the latest mint stats I've got) is suddenly worth $100.00 because it happened to find its way into this 20th Anniversary Eagle set and someone didn't open the box when they got it from the Mint? >>

It's suddenly worth more because people are willing to pay more, it's that simple. Hmm, looks like 2 have sold since the last time I checked.

Lionel · November 18, 2006 6:44AM

Yes, I get that. It's the psychological aspect I find both bewildering and fascinating at the same time.

Zoins · November 18, 2006 6:46AM

I think conditional rarity based on TPG pop reports and attributions are one of the few reasons prices are going up for US moderns. The US Mint makes huge quantities of just about every coin (a few modern commems excluded) that prices would often go nowhere without TPG pop reports and attributions. People want rare items and the US Mint doesn't really provide it so the TPGs have stepped in. It has certainly generated a lot of activity

Konahead · November 18, 2006 6:52AM

<< I just happened to bungle into this thread and the auction ended 10 seconds after I clicked the link.

So, this 2006 W Silver Eagle that I can buy right now from the Mint for $19.95 (which has so far sold well in excess of 100,000 units according to the latest mint stats I've got) is suddenly worth $100.00 because it happened to find its way into this 20th Anniversary Eagle set and someone didn't open the box when they got it from the Mint? Oh yeah, and someone put a blurry pic of it on EBAY?

I've already been called on the cybercarpet for making "disparaging" remarks about EBAY flippers and buyers, and this isn't helping my additude. I don't even believe in this "first strike" stuff and I struggle over whether or not I even want to try and profit from it in the future. I was cynical about these 20th Anniversary sets because two of the three coins either were already common or would soon be common; the only special coin being the reverse proofs. I figured the Mint had excess inventory of the regular proofs and uncirculated coins so they were just making me buy up their excess inventory in order to get the really cool coin. Why didn't they just make a few more of the reverse proofs and sell the individual coin as the 20th Anniversary special?

Vent over. >>

No one says you have to buy it! If the seller can get his price more power to him. I agree with you, no reason to get worked up about it. Not your money.

Lionel · November 18, 2006 7:05AM

I'm intellectually worked up. It's not like I'm sitting here pounding my desk or anything. I'm working on a web development project and looking at coin stuff.

Interesting is that also today a set of three, all 68's and graded by PCGS, sold for $224.00.

That's less than I've seen raw sets starting to go for as of right about now.

It seems like 68 is the "kiss of death".

I've got ten SAE sets, but I opened the box right before I learned of the grading rules for these sets.

So, I'm just hanging on for a while until the Mint stops shipping and the first round of flipping is over.

SNMAN · November 18, 2006 7:06AM

Prices will drop; there are 320,000 UNC ASE 20th anniv (some are FS/some are not)
There will also be non 20th anniv UNC ASE getting ready to be release in NOV/DEC by Mint. (maybe these will be better quality)

SNMAN

Lionel · November 18, 2006 7:12AM

SNMAN -

How did you get the 320,000 figure?

Bear · November 18, 2006 8:17AM

Still, the coin situation is not as bad, as

15,000 dollars for a 500 dollar Play Station III

Zoins · November 18, 2006 8:23AM

<< Still, the coin situation is not as bad, as

15,000 dollars for a 500 dollar Play Station III >>

Imagine the horror if people waited in lines at distribution centers for PCGS graded AGE/ASE sets and then someone comes along, buys one early while you're still waiting in line and then destroys it with a sledge hammer on video like they do at Smash My PS3? At $15K that PS3 is worth more than the $9,300 ASE set. Imagine destroying PF/PR70s just to film it? Now there is a major difference between coin collectors and the young generation

Elysium · November 18, 2006 10:04AM

Not to go too far off topic, but a PS3 system on ebay is going from between $1000-1200 (completed auctions). Certainly not 15k (unless of course if it was a PS 3 with a 20th Anniv. FS PR70dam AGE thrown in).

As for the 320,000 UNC ASE discussed above, it'll be more like 370,000. 250,000 in the ASE 3 coin set +120000 W sold individually(at last count

bulloncoins · November 18, 2006 10:29AM

Its about the label......

the registry list the pop of 2005 ms69 as 5106....
the pop for 2005 1st strike ms69 is 40,497..........

the pop listed for a 2006 ms69 is 2092..........
the pop for 2006 1st strike ms69 is 137,887.....

big difference,,,,,,,,people are spending twice what I spent on this coin right now for a
first strike designation on the label......and I bet the pop report will reflect a much lower
population of these coins than 1st strikes when all is said and done.

just letting you know the reason. You don't have to agree.

66Tbird · November 18, 2006 10:34AM

<< there are 320,000 UNC ASE 20th anniv >>

Hmm, and how many can have that on the insert?

I think there will be less graded Anniv Unc's than RP's

To get an Anniv. on the insert it has to go box sealed, but the RP does not.

Bochiman · November 18, 2006 1:49PM

<< 

<< there are 320,000 UNC ASE 20th anniv >>

Hmm, and how many can have that on the insert?

I think there will be less graded Anniv Unc's than RP's

To get an Anniv. on the insert it has to go box sealed, but the RP does not. >>

Very true.

I opened the first box of 5 sets (as did my co-worker). Between us, we sent in 6 reverse proofs for the 20th Annv label but didn't submit any of the UNCs......I imagine others did the same thing as well.

Type2 · November 18, 2006 3:00PM

You can send in your submissions with a Minimum Grade so if they have milk spots they dont get graded and sent back but at leas you can get 20th ANN lable. The collectors that have boxs not open dont know how good they have it first shot at first stirke 20th ANN on all 3 coins that is a + in my book

aficionado · November 18, 2006 3:35PM

Mintage for the Unc "W" is 250,000 for the 3 coin set, 20,000 for the 2 coin set and currently over 100,000 singles which will go higher. So we are at 370,000+ Unc "W".

Reg Proof is 750,000 singles, 250,000 in 3 coin set, so we are talking 1,000,000. The largest ever.

Rev Proof = 250,000 lower than the lowest proof mintage of around 350,000.

Now the Unc at about 500,000 isn't that bad. The regular bullion sells 8 Million and at 500,000 it is still fairly low, even compared to the regular proof mintage.

Rev. Pr is key.
Unc "W" is #2
Reg. Pr is #3.

1st non 1st strike 20th Anniversary that I have seen

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