An actual deal from HSN?

Rob85635 · June 25, 2011 5:08PM

I just got home from work and was flipping channels and stopped to watch HSNs coin show. It looks like they struck up a deal with ANACS and they are offering MS70 2011 ASEs minted in San Francisco for $129.95. I have never bought anything from them much less a coin, but I think this is a great deal and wanted to get some thoughts from others.

If I heard right, this is exclusive to HSN from ANACS and they sent in a bunch of monster boxes and 3,429 of them came back MS70.

Link

I may be wrong but my spidey coin senses are tingling. I can see these eventually bringing 3-5x value in a couple years. Comments please.

savoyspecial · June 25, 2011 5:12PM

its a bullion coin.....who cares what grade it is, where it was minted (especially since there will be NO MINTMARK), or what year it is

their price is a LITTLE high

morgandollar1878 · June 25, 2011 5:14PM

I am not so sure that is a great deal, but out of curiosity, why do you think these will bring 3-5x value in a couple years?

savoyspecial · June 25, 2011 5:16PM

>>If I heard right, this is exclusive to HSN from ANACS >>

and i'm sure you heard right, EVERYTHING is an exclusive to these guys ('exclusive' is right up there with 'rare' and 'pq' for the most overused word in coin collecting award)

I will even go further and guess that a red oak presentation box was invoved, am I correct?

Rob85635 · June 25, 2011 5:19PM

<< I am not so sure that is a great deal, but out of curiosity, why do you think these will bring 3-5x value in a couple years? >>

MS 70
ANACS certified
First Day of Issue
San Fran mint
only source of ANACS MS70 ASEs if you collect those slabs

I know that PCGS and NGC are going to designate San Fran ASEs but how many will be MS70s and FDOI?

If you all think I am crazy call me out

I was wanting opinions before I decide whether to buy one or two of them.

(edited to put quote in)

savoyspecial · June 25, 2011 5:23PM

>>If you all think I am crazy call me out I was wanting opinions before I decide whether to buy one or two of them>>

i'm trying!! shall i go on?

Mike said they were only able to get a few and when these are gone, they're gone!

they were broken down on Easy-Pay

you can opt to get on Auto Ship where you'll be getting these until all silver deposits domestic and abroad are dried up

and again, i will mention the red oak presentation box

how close was I ??

Rob85635 · June 25, 2011 5:27PM

Oh, and another thing that makes me wonder... The price guide is listing PCGS First Strikes at $120. Yes, I know ANACS is no PCGS but still, MS70 for $129.95 does not seem to actually be that bad of a deal. Feel free to tell me I am insane if you think so, it won't be the first time I have been wrong.

Rob85635 · June 25, 2011 5:30PM

<< I will even go further and guess that a red oak presentation box was invoved, am I correct? >>

hehe, yep.

Well, thanks for saving me $129.95. Thats one of the reasons why I come here

savoyspecial · June 25, 2011 5:35PM

no problem, i hope you know i was poking fun at HSN and not at you

here is how i see it:

this is a bullion coin so the fact that you're even considering buying one makes me assume you're a "bullion guy"........for $130 most "bullion guys" that i know would rather add 3 ounces of silver to their stack than 1 ounce (in fancy plastic)

the name of the bullion game is stacking ounces......i dont know where you live, but i will say that you are probably within a short drive to a coin store that Monday morning would sell you 3 raw ASE's (perhaps you would have to settle for assorted years) for virtually the same price as this HSN deal

* and you're correct that ANACS doesnt carry the hobby gravitas that PCGS does, so a 70 grade from them is kind of like kissing your sister

morgandollar1878 · June 25, 2011 5:35PM

I like ANACS, but I think that when it comes down to it, a better value would be a PCGS graded eagle in the oak box and for the same price.

mkman123 · June 25, 2011 5:36PM

You've been watching too much hsn if they convinced you on them

morgandollar1878 · June 25, 2011 5:38PM

<< * and you're correct that ANACS doesnt carry the hobby gravitas that PCGS does, so a 70 grade from them is kind of like kissing your sister[/q

What I said but, my way was a little less eye catching.

Bochiman · June 25, 2011 6:38PM

1) That TPGS, over the years and their many changes, really doesn't get much respect when it comes to grading moderns.
2) That show isn't known for deals and this still isn't one
3) The bullion coins in question have been offered in other (including PCGS) plastic, in that grade, and for a little less, by at least a few sellers.

kranky · June 25, 2011 10:57PM

Remember these do not carry an S mint mark - they are labeled S mint because the shipping boxes show they were made in San Francisco. We'll have to see if anyone really cares given the coin isn't mintmarked.

morgansforever · June 25, 2011 11:07PM

Is the S mint planning on producing a burnished version, with a mm?

llafoe · June 25, 2011 11:58PM

<< ...so a 70 grade from them is kind of like kissing your sister >>

NOTHING compares to kissing your sister!

1tommy · June 26, 2011 12:08AM

Isn't it great how the Us Mint with our taxpayers dollars allows any and all of the ap's To now send off batches of bullion and get graded than sell at at a higher premium to the public, Some have said oh well this has been going on for years, to me I cannot understand why the mint doesn't cut out the middleman and make the profit for us the taxpayers.......... Still bitter about all the warnings to the mint about the atb program and now go look at ampex site all of them graded at a premium ................. just as I and others predicted...............................

RedTiger · June 26, 2011 12:27AM

<< Oh, and another thing that makes me wonder... The price guide is listing PCGS First Strikes at $120. Yes, I know ANACS is no PCGS but still, MS70 for $129.95 does not seem to actually be that bad of a deal. Feel free to tell me I am insane if you think so, it won't be the first time I have been wrong. >>

HSN and other high priced venues occasionally do have a loss leader. They might sell a few items near cost to bring in more customers. Unfortunately, this is not one of them.

For ultra moderns the new ANACS is not respected and the even their top grade coins are worth only a modest premium. Look at some other grading companies and see how their past year 70s fair at open auction on the various auction sites such as Teletrade, Ebay or Heritage. For most ultramodern coins the price realized gap between PCGS 70s and other companies is astoundingly wide.

So my vote is thumbs down, way down, $130 for maybe about $45 worth of coin + slab. Want to take a financial bath? Buy from HSN. Odds are 98% that you will pay about 200% more than the item is worth. TV time is expensive, and the customers pay for it.

LindeDad · June 26, 2011 12:59AM

Doesn't HSN own that grading outfit now?

savoyspecial · June 26, 2011 1:13AM

does HSN still have the intro where the butler dressed in a tuxedo comes out holding a silver serving tray......the lid is slowly lifted and he then puts on cotton gloves to handle his esteemed collection of gold plated state quarters

Bear · June 26, 2011 3:04AM

The only deal that show provides is financial loss, heartburn and the empty

feeling of knowing, you have been subjected to what a screw driver is used

for.

dcarr · June 26, 2011 3:45AM

<< ...For ultra moderns the new ANACS is not respected and the even their top grade coins are worth only a modest premium. Look at some other grading companies and see how their past year 70s fair at open auction on the various auction sites such as Teletrade, Ebay or Heritage. For most ultramodern coins the price realized gap between PCGS 70s and other companies is astoundingly wide... >>

I've looked at a lot of recent ANACS graded coins and their grading is on par with PCGS, and stricter than NGC (in my opinion).

johnny9434 · June 26, 2011 3:59AM

i never saw any kind of deal with hsn before and dont think ill see many in the future. i just dont care to deal with them. jmo

DuCrozat · June 26, 2011 5:24AM

If it's not PCGS graded, then it is likely overpriced (likely undergraded) for certain.

These guys go by the numbers. Thousands of obsessed HSN watchers will buy and their kids be dealing with this "rarity" on down the line.

Their only hope is if silver hits $130 an ounce.

19Lyds · June 26, 2011 10:16AM

<< 

<< I am not so sure that is a great deal, but out of curiosity, why do you think these will bring 3-5x value in a couple years? >>

MS 70
ANACS certified
First Day of Issue
San Fran mint
only source of ANACS MS70 ASEs if you collect those slabs

I know that PCGS and NGC are going to designate San Fran ASEs but how many will be MS70s and FDOI?

If you all think I am crazy call me out

I was wanting opinions before I decide whether to buy one or two of them.

(edited to put quote in) >>

Despite what you may think or what your "senses" may state, you are forgetting that ANACS MS70 SAE's will ALWAYS pale in comparison to NGC prices and will look like bullion compared to PCGS Prices.

MS70 Silver Eagles are danged near common coins anymore with, IMO, absolutly no upside from either a collecting or investment standpoint. At the very MAXIMUM, they are registry place holders and ANACS does NOT have an online registry. When you refer to "thousands" of MS70 Eagles, that's pretty much common stuff.

19Lyds · June 26, 2011 10:20AM

<< 

<< ...For ultra moderns the new ANACS is not respected and the even their top grade coins are worth only a modest premium. Look at some other grading companies and see how their past year 70s fair at open auction on the various auction sites such as Teletrade, Ebay or Heritage. For most ultramodern coins the price realized gap between PCGS 70s and other companies is astoundingly wide... >>

I've looked at a lot of recent ANACS graded coins and their grading is on par with PCGS, and stricter than NGC (in my opinion). >>

That may very well be true Daniel but the reality is that a PCGS Grade has more marketable value than an ANACS grade. ANACS is a good company and for variety collectors, their number one but unfortunately, the slabs simply have no market.

66Tbird · June 26, 2011 10:38AM

Take a deep breath and just start searching for similar completed sales.

If ANACS did 3400 70's from one dealer do you really think people will open their wallets years from now to buy one over melt?

If $130 is burning a hole in your pocket, at least buy something worth $130. Like 3 ASE's in 69 or bump it a notch and go 1/10 oz AGE or a tad more and do a APE while its down. But following the hype is just that.

Luck to your choice

TexasNationals · June 26, 2011 10:50AM

My earlier thread NCG FDI MS-70 2011-S Unc's for a smidge cheaper

BlindedByEgo · June 26, 2011 4:06PM

ANACS. 'Nuff said.

pocketpiececommems · June 27, 2011 2:10AM

And how are we going to know that the San Fransico coins weren't actually minted at West Point

?

coinman23885 · June 27, 2011 2:18AM

<< I just got home from work and was flipping channels and stopped to watch HSNs coin show. It looks like they struck up a deal with ANACS and they are offering MS70 2011 ASEs minted in San Francisco for $129.95. I have never bought anything from them much less a coin, but I think this is a great deal and wanted to get some thoughts from others.

If I heard right, this is exclusive to HSN from ANACS and they sent in a bunch of monster boxes and 3,429 of them came back MS70.

Link

I may be wrong but my spidey coin senses are tingling. I can see these eventually bringing 3-5x value in a couple years. Comments please. >>

new ANACS MS 70 = PCGS/NGC MS68-MS69 = bullion

coinman23885 · June 27, 2011 2:21AM

<< does HSN still have the intro where the butler dressed in a tuxedo comes out holding a silver serving tray......the lid is slowly lifted and he then puts on cotton gloves to handle his esteemed collection of gold plated state quarters >>

19Lyds · June 27, 2011 2:28AM

<< And how are we going to know that the San Fransico coins weren't actually minted at West Point

? >>

Grading Company "Scout's Honor"?

messydesk · June 27, 2011 2:39AM

<< only source of ANACS MS70 ASEs if you collect those slabs >>

What if we just collect coins instead?

An actual deal from HSN?

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