Unopened 20th Anniversary Silver Eagles

06sportster · May 23, 2007 12:30PM

I have one set of the 20th Anniversary American Silver Eagles still unopened in the mint shipping box. I originally bough this set with the intent on holding it, unopened, and sell for a big profit.

I looked on Ebay the other day and saw some selling for $650-700, then I saw this one, sell for $900!

I want to sell it and take the cash, but I don't want to see them in 6 months to a year for double what I can get today. Any suggestions or more predictions?

TAClough · May 23, 2007 12:34PM

Don't be too greedy! "Sometimes one in the hand is better then two in the bush"

FloridaBill · May 23, 2007 12:35PM

Welcome to the board (ok, I'm late...but Welcome anyway!)....

I suggest you turn on your Private Messages...you will probably receive some offers...

FloridaBill

ddink · May 23, 2007 12:37PM

If you do a search, you'll find a great number of predictions in other threads over the last week. FWIW, mine is $1000-1200.

06sportster · May 23, 2007 3:23PM

<< Welcome to the board (ok, I'm late...but Welcome anyway!)....

I suggest you turn on your Private Messages...you will probably receive some offers...

FloridaBill >>

Thanks for the tip, I think I have it on now.

BlindedByEgo · May 23, 2007 3:26PM

<< 

<< Welcome to the board (ok, I'm late...but Welcome anyway!)....

I suggest you turn on your Private Messages...you will probably receive some offers...

FloridaBill >>

Thanks for the tip, I think I have it on now. >>

You do. Welcome.

Just remeber the adage: "Pigs get fed... Hogs get slaughtered."

That is all.

06sportster · May 23, 2007 3:33PM

<< Don't be too greedy! "Sometimes one in the hand is better then two in the bush" >>

I also have a set graded PCGS 69s, plus an extra ms69 W. Those 4 are for my small personal collection. The unopened box was one of my rare predictions on an investment. I wish I had been able to afford to buy 10 set shipped individually!

I've been fighting off the 2 voices in my head. One saying: my luck is the price will drop way down, so sell now and be happy I predicted good profit potential. And the other says as soon as I sell the price of them will triple!

Loki · May 23, 2007 3:34PM

While the sealed sets look like they will keep going up in price for a while, I get antsy keeping them in the cardboard long term for fear of unseen milk-spotting.
I would hate to sell a sealed box later only to find out the buyer decides to open it and the coin(s) have developed spotting, toning, etc.

I feel much better sending them off for grading and vacuum sealing them as soon as I get them back.

06sportster · May 23, 2007 3:40PM

<< While the sealed sets look like they will keep going up in price for a while, I get antsy keeping them in the cardboard long term for fear of unseen milk-spotting.
I would hate to sell a sealed box later only to find out the buyer decides to open it and the coin(s) have developed spotting, toning, etc.

I feel much better sending them off for grading and vacuum sealing them as soon as I get them back. >>

I also considered doing that. How much would it cost to have them graded by PCGS? I don't think it would be worth me paying for a membership just to get 3 coins graded. Plus my luck would be I would get 68s back for all of them.

DubbleDee · May 23, 2007 4:46PM

<< While the sealed sets look like they will keep going up in price for a while, I get antsy keeping them in the cardboard long term for fear of unseen milk-spotting.
I would hate to sell a sealed box later only to find out the buyer decides to open it and the coin(s) have developed spotting, toning, etc.

I feel much better sending them off for grading and vacuum sealing them as soon as I get them back. >>

Would you accept a return on a sealed box that had been opened? Seems like most auctions i've seen do not. What if a buyer opened it and switched the coins with spotted ones? There's no way of knowing.

stev32k · May 23, 2007 8:09PM

<< Would you accept a return on a sealed box that had been opened? Seems like most auctions i've seen do not. What if a buyer opened it and switched the coins with spotted ones? There's no way of knowing. >>

I have the same concern about selling raw sets. It would be very easy for someone to remove MS69's and replace them with spotted up junk then return the set.

SilverEagles92 · May 23, 2007 8:43PM

You can't lose when you make a profit

BAJJERFAN · May 23, 2007 9:13PM

<< I would hate to sell a sealed box later only to find out the buyer decides to open it and the coin(s) have developed spotting, toning, etc. >>

Thats the risk the buyer takes when he buys sight unseen. The spotting problem is well known so the seller should state in no uncertain terms that returns will not be accepted. Makes you wonder just how much upside is left in these things.

ddink · May 23, 2007 9:40PM

P.S. I believe these things have upside potential still, but remember this: very few get out at the top of the market. The top may be here already or it may be here in six months. My advice would be to sell once you are happy with the price (in other words, are you pleased with a 600% return? Then sell).

I think it was Carnegie (but it may have been JP Morgan) who said "Sell until you can sleep at night. Then hold the rest."

19Lyds · May 23, 2007 10:50PM

<< I want to sell it and take the cash, but I don't want to see them in 6 months to a year for double what I can get today. Any suggestions or more predictions? >>

Simple, sell it then just don't ever check back!

06sportster · May 25, 2007 8:14AM

I think I'm going to sell the unopened set. I was going to put it on Ebay, but I started to figure what the fees were going to be! It's going to cost about $60-90 to sell it on Ebay. What price do you think I would be able to get for it if I list it here?

Thanks for all the tips.

morgansforever · May 25, 2007 9:35AM

<>

If you are going to sell, don't offer a return policy, milk spotting is a problem.

tincup · May 25, 2007 2:10PM

<< You can't lose when you make a profit >>

Yep, that's true. But see what reaction you get when you say that to someone who sold Microsoft stock for a 50% profit 15 - 20 years ago!!

TrustNo1 · May 25, 2007 2:15PM

there is a 2 set sealed box on ebay at over $1500 right now...how many legit sealed boxes are still out there?

Bochiman · May 25, 2007 2:15PM

Well, we'll see what the market does in the next week or so, for these. My mom is sending her single unopened set up to me to sell for her.
She paid $100 and if they can get the $900+ that some of these have hit, she will be very happy

DubbleDee · May 25, 2007 2:54PM

How much will ebay and paypal get if it sells for 900$? I have a sealed box of 2 I'm thinking of selling, and have never sold on the bay. Just wondering?

ddink · May 25, 2007 3:01PM

Total fees come to around 6%, so about $50-$60 total on eBay & PayPal fees.

Mesquite · May 25, 2007 3:07PM

Between 50 and 60 bucks per set. There is a site you can use to calculate this (here). If you've not ever sold on ebay you might consider consigning the sets to someone on the board who has a good track record in ebay sales. The reason I suggest this is that if you show up on ebay with a couple of $1000 items for sale and zero feedback - that might well suppress the bidding and the final auction yield. Just a thought. here

DubbleDee · May 25, 2007 4:01PM

I thought of the consignment route also. I've noticed before someone offering consignments on the BST, but can't remember who it was now. What does this consist of? Do I send the consignor the box, or do I ship directly to the winner? Anyone with details? I have a friend at work who sells on ebay, but he's never sold coins. I only have a FB rating of 27, but it's 100%. I've bought 2 items off the bay this year, prior to that was nearly a year ago, so I guess that may look suspicious to some, with some of the stuff i've read here.

Mesquite · May 25, 2007 10:23PM

Actually, with a 27 FB (@100%) I would not hesitate to do the listings myself were I in your shoes. That market is so hot right now I think you would have no problems.

BAJJERFAN · May 25, 2007 10:44PM

<< I would hate to sell a sealed box later only to find out the buyer decides to open it and the coin(s) have developed spotting, toning, etc. >>

Think how the buyer would feel if he opens it 6 months hence and finds a pig in a poke aka spotted coins. You had no knowledge of it so why would you feel badly. That would also be way past any reasonable return period. There is some risk in buying those unopened boxes. Then again if there was a 3 piece gold set in there the buyer would have the last laugh.

BAJJERFAN · May 25, 2007 10:45PM

I just went and looked a a graded set that is being kept in a SDB; so far its looking great.

FullStrike · May 26, 2007 11:08AM

Sealed Box of 8 Sets

Winning Bid $6,752.00

that's $844 each - a seller could hardly complain about that at all.

BAJJERFAN · May 26, 2007 11:11AM

frikken crazy.

08HALA20 · May 26, 2007 11:29AM

<< I think it was Carnegie (but it may have been JP Morgan) who said "Sell until you can sleep at night. Then hold the rest." >>

That sums it up.

Waiting for $1000 or $1200 per set aint worth it if you can't sleep until then.

Personally I have 4 MS69'a and a PF70ucam I plan to sell when I think the prices have peaked.
But I sense no pressure to sell.
My 5 RP69's I don't plan to sell I like them a whole bunch.

When I sell those I might just find a gold RP (some say the gold isn't as impressive as the silver?) and add a Plat RP if the Mint makes one. I think those 3 would look pretty good in a multi holder.

Rookie Joe

ddink · May 26, 2007 2:05PM

Rookie: awesome idea on multiholdering all three RPs!!!

Coinhog · May 29, 2007 4:59AM

<< Total fees come to around 6%, so about $50-$60 total on eBay & PayPal fees. >>

I thought final value fees were closer to 5.75% and paypal fees were 3%. Add in listing fees and the bays take is close to 10%. This isn't really bad when you consider the size of the market that is open to you.

FullStrike · May 30, 2007 2:54PM

Sealed Box of 5 - $4502.00 winning bid

$900.40 each !

$42.00 Shipping - imagine if the Mint charged $42.00 instead of the current $4.95.

rooksmith · May 30, 2007 3:41PM

Sell it !!! -- you probably have a dog in there.

Bochiman · May 30, 2007 4:27PM

<< Sealed Box of 5 - $4502.00 winning bid

$900.40 each !

$42.00 Shipping - imagine if the Mint charged $42.00 instead of the current $4.95.

>>

My sealed box of 5 is waiting, at least, until $1000/set (so, $5000). I sold the last one just a couple of months ago for ~$1400...

ddink · May 30, 2007 10:11PM

<< I thought final value fees were closer to 5.75% and paypal fees were 3%. Add in listing fees and the bays take is close to 10%. This isn't really bad when you consider the size of the market that is open to you. >>

Ebay fees are 5.25% of the first $25; if the sale is over $25, fees are 3.25% + $1.31. PayPal fees are 2.9% + $.30. So total fees will be around 6.5%.

Unopened 20th Anniversary Silver Eagles

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