Has the popularity of the reverse proof ASE dropped off that much?
hubird
Posts: 589
What is going on with sales of the reverse proof? Are they not selling well any more? Has their unique-ness worn off?
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CoinsAreFun Toned Silver Eagle Proof Album
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<< <i>I would guess Summer vacations and all the new stuff at the mint and now 2007-W PCGS 70's? >>
Yep....new things, new drives. However, if PCGS ever really gets around to putting it in a registry set I think it will jump up further. Also, the sets will likely go for a nice increase as well due to the MS70 potential now. I am even thinking of resubmitting a couple of my mS69s in 1st Strike because they look damn near perfect to me (ie....I can't find a fault, but that doesn't mean they can't).
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Box of 20
1) it is the summer slow time, and
2) the raw sets are still in equalibrium with supply and demand at the $500 barrier.
Seems that quite a few seller/collectors were holding off until the sets reached the magic $500 level, then those seller/collectors started to unload at once.
Once the supply of these being sold starts to dwindle, (which will be soon in my opinion), and/or the demand will pick up, (possibly after the majority of kids return to school), the sets will definitely climb again, along with the RP.
The market seems to be very healthy and robust with respect to these sets and these coins, as they are truely holding their own in value.
<< <i>[However, if PCGS ever really gets around to putting it in a registry set I think it will jump up further. >>
Just another example of a TPG being a marketmaker rather than just providing a service. I think that's part of what sucks about the coin market today.
Liberty: Parent of Science & Industry
However, if PCGS ever really gets around to putting it in a registry set I think it will jump up further.
Isn't the 2006-P ASE listed in the composition for ASE proofs? I believe this is the reverse proof.
<< <i>Not only the ASE but the an AGE 20th Anniversary 70 FS set went for $12,500 last week when they were going for around $17,000. Quite a price drop. Is it because its Summer? >>
Unless I paid $17,000 for the set, I wouldn't whine since these came from the US Mint at a litle over $1,300!
And yes, this is prime vacation time so alot of potential bidders are out spending their money on other things.
<< <i>Maybe it's finally sinking in that these are, after all, only one year old pieces of common bullion >>
I strongly disagree.
Regular uncirculated SAE's are "common bullion".
Proof coins and reverse proof coins, regardless of year, are not produced as bullion investments (which is the whole purpose of the Eagle program) but are produced for collectors as collectibles. I guess this makes the US Mint the prime "market maker" in our "hobby".
Additionally, the 2007-W which is in the 20th Anniversary Sets was produced specifically for collectors and not bullion investor's.
The name is LEE!
On the other hand, I do think the gold anniv set in PCGS 70 at $17K or so is overpriced but what do I know?
I just can't see paying over 10K for a normal, common, run of the mill DCAM proof just because it says PCGS 70 on the label vs a relatively rare gold reverse proof going for around half of that in a 70 grade.
<< <i>
<< <i>[However, if PCGS ever really gets around to putting it in a registry set I think it will jump up further. >>
Just another example of a TPG being a marketmaker rather than just providing a service. I think that's part of what sucks about the coin market today. >>
DITTO!
<< <i>Maybe it's finally sinking in that these are, after all, only one year old pieces of common bullion >>
<< <i>It was no surprise to me that a no reserve auction on a high priced gold set like this during 4th of July week garnered a relatively low? ending price of $12.5K.
On the other hand, I do think the gold anniv set in PCGS 70 at $17K or so is overpriced but what do I know?
I just can't see paying over 10K for a normal, common, run of the mill DCAM proof just because it says PCGS 70 on the label vs a relatively rare gold reverse proof going for around half of that in a 70 grade. >>
Actually a AGE PCGS Revesre Proof 69 is rarer than a 70.-
In perspective, the AGE 20th Anniversary PCGS PR70DCAM is much rarer.-
How many are there? What is the attrition vs the mintage? Can I buy one of many offered, immediately, with the click of a mouse?
pretty, yes. popular, undoubtably!
but that's not a rare coin my friend.
Liberty: Parent of Science & Industry
ASE PCGS 20th Anniversary Proof
The raw RP goes for what.. around $3.5 to $4K, vs ~$5K in PCGS 70? That is why I believe the gold set at $17K is overpriced, and the buyer at $12.5K paid a little under what I believe this set should really be valued at.
<< <i>Saint, sorry about that. I couldn't tell if you were asking about the silver or gold reverse coins. There are several ASE RPs on eBay in the $350-$450 range. Other posters are filling in info about the gold RPs. I don't do those coins. >>
Well, $450 sure doesn't sound weak. I saw that they were selling for $350 last I looked about a month ago?
<< <i>Well, $450 sure doesn't sound weak. I saw that they were selling for $350 last I looked about a month ago? >>
1 month ago they were pushing $550.00 to $575.00 raw.
is playing out.
<< <i>Yes I know the pop report of the proof DCAM in 70 is low, but as a coin, the proof DCAM is common, whereas the RP is limited to a one-year 10K mintage. In that light, paying over $10K for a common coin in a PCGS 70 holder that is worth slightly over melt out of the holder is quite a jump!
The raw RP goes for what.. around $3.5 to $4K, vs ~$5K in PCGS 70? That is why I believe the gold set at $17K is overpriced, and the buyer at $12.5K paid a little under what I believe this set should really be valued at. >>
That is a valid point however I belive the price is being driven up since with current population figures, there can only be a maximum of 197 perfect AGE 20th Annvirsary sets with the 70DCAM being the key of the set. Which far outweighs the collector demand for this set. In reality there are probaby less than 100 PCGS perfect 70 sets avaliable.
Unless I paid $17,000 for the set, I wouldn't whine since these came from the US Mint at a litle over $1,300!
Try 2,600 for the AGE set. Unless you get 50 % off from the mint.
Why should that be? Are you expecting there to be 200,00 ASE registry sets LOL? Currently there are only 314 sets going!!
<< <i>
<< <i>Well, $450 sure doesn't sound weak. I saw that they were selling for $350 last I looked about a month ago? >>
1 month ago they were pushing $550.00 to $575.00 raw. >>
I don't THINK so....I looked and there were plenty at $400 BIN.....and sales at 350-370
<< <i>
<< <i>Not only the ASE but the an AGE 20th Anniversary 70 FS set went for $12,500 last week when they were going for around $17,000. Quite a price drop. Is it because its Summer? >>
Unless I paid $17,000 for the set, I wouldn't whine since these came from the US Mint at a litle over $1,300!
And yes, this is prime vacation time so alot of potential bidders are out spending their money on other things.
<< <i>Maybe it's finally sinking in that these are, after all, only one year old pieces of common bullion >>
I strongly disagree.
Regular uncirculated SAE's are "common bullion".
Proof coins and reverse proof coins, regardless of year, are not produced as bullion investments (which is the whole purpose of the Eagle program) but are produced for collectors as collectibles. I guess this makes the US Mint the prime "market maker" in our "hobby".
Additionally, the 2007-W which is in the 20th Anniversary Sets was produced specifically for collectors and not bullion investor's. >>
Vietnam Vet 1968-1969
The 2007-W was NOT a part of the 20th Anniv sets.
Let's stay on the sales aspect/topic of the RP ASE please, not whether it's collectible. Frankly, I'm not going to wait to buy one until they're 50- or 100-years old and considered a "collectible." Baley, I do get your point though and I know where you're coming from. B Cool
Russ, NCNE
<< <i>I'd like to see the bottom fall out on the RP SAE's. Crash down to $50 or so.
Russ, NCNE >>
<< <i>I'd like to see the bottom fall out on the RP SAE's. Crash down to $50 or so.
Russ, NCNE >>
Realistically I believe the RP will stay in the $250-$300 range
<< <i>Hooee, $50, I could afford more than one or two then! >>
Yeah, that's why I'd like to see them crash, so I could pick up a couple.
Russ, NCNE
I'll sell you one for $50 + $350 Shipping and Handling.
<< <i>Yeah, that's why I'd like to see them crash, so I could pick up a couple.
Russ, NCNE >>
I figured a miser like you would have order ten sets in your name, your wife's name, your ex-wifes' names, kids' names, family dog name and even the gold fish's name. I will gladly trade you one set for the 1967 PCGS SMS MS67 DC "birthmark die" that you constantly post .... What a deal, three silver dollars for one messily forty percent silver half dollar. Could it be any better?
<< <i>There are some -70 graded, 3-coin ASE sets going for $1400+ now on eBay, as many know. They're in Hawaii supposedly. I wonder if that environment got them to spotting? I'm concerned about that happening to some of my stuff, here next to the ocean by me, but I've been lucky so far. I invested in plenty of IS boxes and I keep the A/C on to help de-humidify. I don't know what else to do. I'd sure hate to drop $1400 on a set, just to end up with a box of spots. >>
Almost all my PCGS slabbed Eagles have spotted to some degree, even the proofs.
So maybe the humid climate does have a lot to do with the problem.
<< <i>
<< <i>There are some -70 graded, 3-coin ASE sets going for $1400+ now on eBay, as many know. They're in Hawaii supposedly. I wonder if that environment got them to spotting? I'm concerned about that happening to some of my stuff, here next to the ocean by me, but I've been lucky so far. I invested in plenty of IS boxes and I keep the A/C on to help de-humidify. I don't know what else to do. I'd sure hate to drop $1400 on a set, just to end up with a box of spots. >>
Almost all my PCGS slabbed Eagles have spotted to some degree, even the proofs.
So maybe the humid climate does have a lot to do with the problem. >>
Bummer,, I did the N holder on two judas and none have spots. I live in Phx, AZ. The prices have dropped a little, but its summer time. Just wait till Xmas, they'll be back up there. I keep a couple BIN's in the bay a little above average to see where things are going. They sell better than anything else as of late. should of seen the beating I took on silver Ikes
How many are there? What is the attrition vs the mintage? Can I buy one of many offered, immediately, with the click of a mouse?
pretty, yes. popular, undoubtably!
but that's not a rare coin my friend.
>>
Why are you describing the 1907 $20 Saint Gaudens High Relief double eagles? Err...wait a minute...
<< <i>I'm guessing that the "greater fool" buying has topped out. >>
Say it ain't so!
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>These were getting $650 at one time >>
The NGC graded ones were? The one you linked to is NGC and not even "early release" or whatever....are you sure those were getting $600+?
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i><<
How many are there? What is the attrition vs the mintage? Can I buy one of many offered, immediately, with the click of a mouse?
pretty, yes. popular, undoubtably!
but that's not a rare coin my friend.
>>
Why are you describing the 1907 $20 Saint Gaudens High Relief double eagles? Err...wait a minute... >>
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>These were getting $650 at one time >>
The NGC graded ones were? The one you linked to is NGC and not even "early release" or whatever....are you sure those were getting $600+? >>
Yes, some were over $650.00. Here is a set I sold for $600.00 plus shipping a few weeks back. The prices peaked out around June 10th and have been going down ever since.
Click Me
Below is a set of 2 unopened sets I sold a little over a month ago that now would only bring around $1300.00.
Clicky