There will always be a demand for the two keys (RP & S) coins. As for the whole set, that is up in the air. But, the two keys will help to icrease the value of the whole set, IMOP.
<< <i>There will always be a demand for the two keys (RP & S) coins. As for the whole set, that is up in the air. But, the two keys will help to icrease the value of the whole set, IMOP. >>
And one of the key factors moving forward with the sets is that there are a lot of sets being broken and sold separately because of these 2 key coins which will leave much fewer complete sets out in the market. Who knows how many graded sets will be out in the market when the dust settles but Im almost willing to bet complete sets in even (i.e. MS69,MS70) grading will total less than 50,000.
There are too many people right now dumping them on Ebay and this could very well be a replay of the UHRs. Many thought they'd be able to acquire them at a decent price anytime only to find out that the prices quickly climbed before they realized it.
<< <i>I may be misunderstanding you OPA. Are you saying there will never be much demand for the 25th set? Not much demand for a certain label? >>
The set will be ultra popular, but the Mercanti Label is a looser. >>
Well let me add my spin to the labels coming from a card collecting background, generally cards with the black borders do extremely well. This is also true in many other things, cars, clothing, etc... so from this collectors eye I think the Mercanti's will do just fine.
Successful coin BST transactions with Gerard and segoja.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Why do sellers keep asking the date on my sealed sets on ebay? Are they hoping an earlier date will get more 70 sets? I state on ebay that all my sets are First Strike Eligible? Strange. They must know something I don't.
<< <i>I believe in the long term Mercanti labels will be scarcer than flag labels. Once the majority gets theirs graded they will opt for flag labels and those will become the majority. Give it time and Mercanti's will probably be the big winner. The flags right now command a higher premium because there is less of them on the market. >>
Wrong! It is because the Flag label FS looks much better!!
<< <i>So whats the verdict? To collect the entire graded set or just the two Key coins in this 25th Anniversary set >>
PCGS 70 RP is going for between $450-500 with a few outliers either way.
PCGS 70 S is going for $400-450 with the Mercanti or tombstone label, higher with a flag label (I'll keep my comments on that to myself!)
So you're anywhere from $850-950 just for the 2 keys. OTOH you can have the full set with OGP for $1,270 shipped (Mercanti signed labels), a difference of $220-$320 to have the whole shooting match.
Given how many sets are being split up into singles, my personal feeling is that the full sets are a better bet at that price and are selling for less than the sum of their parts. The PCGS 69 Mercanti sets for $695 with OGP seem very undervalued to me at around $40-50 more than a raw set. Once the chase for the 70s has ended and they're in strong hands, they have good potential given what the 2 keys are selling for raw.
I'm sitting on two Mercanti 70 sets and four Mercanti 69 sets.
How many Mercanti labels are available? Since PCGS hasn't said otherwise, I'm assuming as many as ordered by customers. Sign, sign, sign. Limited edition does not seem to be in the equation. If limited edition Mercanti labels were in the equation, than it would have been promoted by the seller.
Then throw in future orders, reholders, etc., for a total of how many Mercanti labels? Your guess is as good as mine.
Rumored revision to the Mercanti label? I haven't seen any info from PCGS about a revision several weeks after it was mentioned on the forum, nor have I heard anyone crow about their new Mercanti labels, so, who knows, probably time to discount revised labels? Surely, PCGS would let us know if the product was to be revised. Yes / No?
Finally, should I sell the 69 sets now and get two Mercanti 70 sets for a long term hold?
I'm willing to speculate that almost anybody who was able to get sets directly from the Mint is going to keep at least one 70 set for the longer term as they were effectively "free" or very low cost after flipping some extras
I'm also willing to guess that anybody who was brave enough to shell out $1500+ to buy a 70 set from the scratch is not going to let it go at the loss
Based on this I think the number of available 70 sets will go down fairly quickly once the flood of the fresh boxes stops
It would be also interesting to start a poll what are the members who participated in the 25th ASE craziness are planning to keep themselves for the long term
<< <i>I'm willing to speculate that almost anybody who was able to get sets directly from the Mint is going to keep at least one 70 set for the longer term as they were effectively "free" or very low cost after flipping some extras
I'm also willing to guess that anybody who was brave enough to shell out $1500+ to buy a 70 set from the scratch is not going to let it go at the loss
Based on this I think the number of available 70 sets will go down fairly quickly once the flood of the fresh boxes stops
It would be also interesting to start a poll what are the members who participated in the 25th ASE craziness are planning to keep themselves for the long term >>
I agree with your assessment. I purchased 7 sets. Six were sealed and are graded ATS. The other was OGP. I am going to keep one MS 70 set and the OGP set indefinitely. I have sold nothing yet and have no imminent plans to do so.
New All-Time low(?) on a 25th Anniv PCGS 70 (5-pc) set at less than $1,177 on ebay tonight (not Mercanti or Flag, but still ....)
After ebay, free shipping, paypal that is roughly $1,025 or so net to seller?
Why bother to sell them at auction at that level? I am paying more right now for the "70" sets (as are others) and would buy quantity at that price!
Why would anyone want to "retail" these sets at $1,025 net? Maybe I've just grown a bit too attached to these sets or have read too many positive posts from Eric J (LOL)
Wondercoin
P.S. As always, just my 2 cents.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
I think the timing is different because it's the holidays. I think by Summer next year the prices may jump if the 20th anniversary history repeats itself (I recall that it went up during the following summer?).
<< <i>New All-Time low(?) on a 25th Anniv PCGS 70 (5-pc) set at less than $1,177 on ebay tonight (not Mercanti or Flag, but still ....)
After ebay, free shipping, paypal that is roughly $1,025 or so net to seller?
Why bother to sell them at auction at that level? I am paying more right now for the "70" sets (as are others) and would buy quantity at that price!
Why would anyone want to "retail" these sets at $1,025 net? Maybe I've just grown a bit too attached to these sets or have read too many positive posts from Eric J (LOL)
Wondercoin
P.S. As always, just my 2 cents. >>
Well with any market the contrarian sentiment holds. People have been very bullish. Need some bears to see the turn
Currently working with nurmaler. Older transactions....circa 2011 BST transactions Gecko109, Segoja, lpinion, Agblox, oldgumballmachineswanted,pragmaticgoat, CharlieC, onlyroosies, timrutnat, ShinyThingsInPM under login lightcycler
Found this ad on craigs list and thought i'd share it with you all. 25th Anniversary 5 coin silver set in original Box COA awesomelooking! - $1150 (Portland, Maine)
-------------------------------------------------------------------------------- Date: 2011-12-20, 12:58AM EST Reply to: sale-ngcrv-2761897982@craigslist.org [Errors when replying to ads?] --------------------------------------------------------------------------------
This is original set from the US Mint 25th Silver Anniversary Set. In original box with COA. Only 100,000 minted with 2 coins you can only get in this set. Experts say this set will be worth over $15,000 in a short time. Call now if you want to own one. Hurry this will go fast.
<< <i>Found this ad on craigs list and thought i'd share it with you all. 25th Anniversary 5 coin silver set in original Box COA awesomelooking! - $1150 (Portland, Maine)
-------------------------------------------------------------------------------- Date: 2011-12-20, 12:58AM EST Reply to: sale-ngcrv-2761897982@craigslist.org [Errors when replying to ads?] --------------------------------------------------------------------------------
This is original set from the US Mint 25th Silver Anniversary Set. In original box with COA. Only 100,000 minted with 2 coins you can only get in this set. Experts say this set will be worth over $15,000 in a short time. Call now if you want to own one. Hurry this will go fast. >>
This is a good time to try out that strategy of offering to sell him one for $800 so he can make $350 PURE PROFIT!
I am only keeping 1 set but I don't see the prices of these coins going up until after all the stock has been bought up and kept in collector's hands. Right now it's so EASY to get a hold of a full set.
I would think that OGP sets would do very well in the long term. Most of these will be broken up for slabbing and the remaining sets will be sought after for the possibility of getting one or more 70's especially on one of the key dates.
<< <i>New All-Time low(?) on a 25th Anniv PCGS 70 (5-pc) set at less than $1,177 on ebay tonight (not Mercanti or Flag, but still ....)
After ebay, free shipping, paypal that is roughly $1,025 or so net to seller?
Why bother to sell them at auction at that level? I am paying more right now for the "70" sets (as are others) and would buy quantity at that price!
Why would anyone want to "retail" these sets at $1,025 net? Maybe I've just grown a bit too attached to these sets or have read too many positive posts from Eric J (LOL)
Wondercoin
P.S. As always, just my 2 cents. >>
Sounds like the bottom still hasn't hit. Let's hope when the bottom hits, the recovery doesn't take as long as the housing market.
<< <i>Sounds like the bottom still hasn't hit. Let's hope when the bottom hits, the recovery doesn't take as long as the housing market. >>
Remember, there will always be a few flyer outside the zone. You need to look at the average price they are selling for to determine the bottom. This time of year is tough to get a lot of buyers. Heck, I didn't even turn on the puter last night.
<< <i><<< Once the chase for the 70s has ended and they're in strong hands, they have good potential given what the 2 keys are selling for raw. >>>
Strong hands? These 25th sets (especially the graded ones) and the term strong hands appears to be an oxymoron for 99% of the people here IMO. >>
I don't agree. Fact is most here have more than what they will keep long term so they will sell some. Keep some. Those they sell will reach "strong hands". Check back in a few years and I will still have more than one set for certain. I have an open set and will keep at least one set of 70's. Fact is I"m sitting with about 25 sets at this point. Most will go in time.
Currently working with nurmaler. Older transactions....circa 2011 BST transactions Gecko109, Segoja, lpinion, Agblox, oldgumballmachineswanted,pragmaticgoat, CharlieC, onlyroosies, timrutnat, ShinyThingsInPM under login lightcycler
The 25th (black) label are selling "for a song" in my view at levels that personally confuse me. In fact, as I mentioned before, I am paying more than these (low point) sellers are netting on ebay right now!
Anyway, I also saw a Flag set go BIN at $1,750 yesterday. I agree that the spread between sales prices is great at this point (especially label to label). I will be listing Flag 70 sets on ebay this weekend, but I can assure you I will not be letting ANY sets go on ebay for less than the $1,500 - $1,600 range (and likely the higher point of that range).
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
I believe the BIN sets will do better than the auction during the holidays. I think alot of people will do a quick peak rather than follow auctions. Those with snipe programs may do well getting cheap sets. But the sellers using the BIN option may get the impulse buyer or those that are there specifically looking for a set and want it now.
<<< Depends on your definition of "strong hands." >>>
In the finance world the term 'strong hands' generally refers to a very well financed investor or speculator. In the world of collectibles I believe it refers to not only a very well financed individual but also someone with no foreseeable intent or desire to sell based on the prevailing market value or various other reasons, a true long term collector/investor/connoisseur/etc.
<< <i><<< Depends on your definition of "strong hands." >>>
In the finance world the term 'strong hands' generally refers to a very well financed investor or speculator. In the world of collectibles I believe it refers to not only a very well financed individual but also someone with no foreseeable intent or desire to sell based on the prevailing market value or various other reasons, a true long term collector/investor/connoisseur/etc. >>
Then, I believe 99% is rather high if your are actually talking about the current prevailing market value. However, a "speculator" or a person who at this point in time may not have a foreseeable intent or desire to sell based upon the current prevailing market value may sell if the price should double or triple. Does this mean that person has weak hands because he will someday sell? I don't think so.
Sure, there may be coins that may never make it to market until the current owner is dead. But, on the other hand, the owner's interest may change and he may decide to take the profit and buy a boat, also know as the black hole of the sea.
<<< Then, I believe 99% is rather high if your are actually talking about the current prevailing market value. However, a "speculator" or a person who at this point in time may not have a foreseeable intent or desire to sell based upon the current prevailing market value may sell if the price should double or triple. Does this mean that person has weak hands because he will someday sell? I don't think so. >>>
When reading any of the numerous 25th Anniv. SE related threads here, I get the distinct impression of two types........those that bought and have already flipped either all or some, and those who have yet to sell and are now trying to convince themselves and others here that market prices for these coins will rebound in a big way and those who hold will be the biggest financial winners. I hear very few here discuss how they purchased one set, opened it up and added it to their collection in the OGP with no regard to past, current or future market prices or which 'label' is currently the hottest.
<< <i>When reading any of the numerous 25th Anniv. SE related threads here, I get the distinct impression of two types........those that bought and have already flipped either all or some, and those who have yet to sell and are now trying to convince themselves and others here that market prices for these coins will rebound in a big way and those who hold will be the biggest financial winners. I hear very few here discuss how they purchased one set, opened it up and added it to their collection in the OGP with no regard to past, current or future market prices or which 'label' is currently the hottest. >>
Sounds alot like speculators.
So, if one person was able to buy 90,000 out of the 100,000 sets and decides to sit on them a year or two, or even more, does he have weak hands or strong hands in your mind?
"When reading any of the numerous 25th Anniv. SE related threads here, I get the distinct impression of two types........those that bought and have already flipped either all or some, and those who have yet to sell and are now trying to convince themselves and others here that market prices for these coins will rebound in a big way and those who hold will be the biggest financial winners. I hear very few here discuss how they purchased one set, opened it up and added it to their collection in the OGP with no regard to past, current or future market prices or which 'label' is currently the hottest."
Dragon: Hi. Don't forget the 3rd type. those who bought and flipped a decent % of their coins already, yet still have an upbeat attitude towards the future of these coins and are buying more to this day. I think I probably fall into that category and, from what I am reading here, probably MCM does as well and a few others (one of my earliest consignors who sold nearly his entire position for "big money" came back into the market today gobbling up a few 70 sets at these levels). Eric Jordan I assume falls into your second category of someone who has sold very little and pontificates that prices "will rebound in a big way".
I think Dragon is one of the brighter guys on this forum and I have loved reading his posts throughout the years, but, if he allows me to pick a specific PCGS coin and grade from the 25th Anniv set with a current market value of under $750, I "friendly bet" my pick will outperform ANY US classic coin and grade with a current value of under $750 he selects on a percentage basis over the next 6-12 months. Any US classic coin at all in the wide universe of US classics against my coin pick from the 25th Anniversary set .... and I think I bring the Dragon down if he choses to play Dragon .... want to play?
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
I guess I fall in to #3. Sold 3 sets of 5 for around $12000. Bought 9 sets of mercanti 70's for about $14,000. I know them's small potato's for some but a decent sized investment for me I will sell several sets of ATS at some point to try to bring the cost of the PCGS sets down quite a bit. In the end it will be a zero risk situation. Will also sell some mercant's at some point. IN the end I'm in no hurry at all. Definately would not say I'm a weak hander. It is just another basket in my PM stack. I like the coins, I'm not IN LOVE with them. At the right price most of them are out the door
Currently working with nurmaler. Older transactions....circa 2011 BST transactions Gecko109, Segoja, lpinion, Agblox, oldgumballmachineswanted,pragmaticgoat, CharlieC, onlyroosies, timrutnat, ShinyThingsInPM under login lightcycler
I am interested in buying one of the Anniversary sets. Is there a certain mint that will be more valuable than another? For investment purposes, what should I buy pertaining to this Anniversary set? Is the PCGS MS70 flag set considered the top dog?
<< <i>I am interested in buying one of the Anniversary sets. Is there a certain mint that will be more valuable than another? For investment purposes, what should I buy pertaining to this Anniversary set? >>
Personally, I wouldn't pay too much attention to labels EXCEPT for the PCGS 70 mark. Be they Mercanti or Flag---doesn't matter IMO. Get the good stuff at the cheapest you can....those two labels contain the exact same coins at the end of the day. NGC coins are decent too, but they have been awarding 70s at a higher rate so make sure you don't pay as much for those.
If you can get a PCGS 70 set for under $1300 you're doing pretty well.
No problems with coins in original mint packaging either---if you can look at the coins in person to be sure there are no spots, bad frost breaks, dings, etc. you'll also be OK. 70s are nice for buying online because you know you'll get great coins with a third party grading company guarantee if they get spots later. Silver Eagles have had spotting issues in the past and this is always something to keep in the back of your mind.
Successful transactions with keepdachange, tizofthe, adriana, wondercoin
If anything I'd be focusing right now on getting the key coins at a cheaper price. Load up on those and you'll do very well. I'd buy one MS70 set now and concentrate on acquiring as many key coins as you can be it MS69 or MS70
1 Full Mercanti 70 Set 1 Full Flag 69 Set 1 (almost) Full Flag 70 set 2 Extra 2011-P 70 Flags
I sold a bunch of 70s and 69s and 68s on eBay during the huge profit period. I will end up netting 1 full flag 70 set or Mercanti (still debating which is better to have) and selling the rest in 5 years or more/less (depending on market conditions) =D
<< <i>If anything I'd be focusing right now on getting the key coins at a cheaper price. Load up on those and you'll do very well. I'd buy one MS70 set now and concentrate on acquiring as many key coins as you can be it MS69 or MS70 >>
This is also a good route to go and in that case, buy the 2011-S and 2011-P Reverse Proof. These are the two coins with the 100k mintage. Be careful when buying the "S" that you don't accidentally get the 2011-(S). Those coins were made in San Francisco but lack the mint mark. This is a confusing year for silver eagles so do some reading up.
Successful transactions with keepdachange, tizofthe, adriana, wondercoin
I finally received my coins back from PCGS. They are gorgeous and the Mint did a great job with the quality. I plan on hand picking a 70 set from among them to keep for a long time. The others I will eventually sell when prices rebound a bit.
I like these silver eagles, but I don't allow myself to love them because of their propensity to spot. If they didn't spot, I would definitely collect the series.
<< <i><<< Then, I believe 99% is rather high if your are actually talking about the current prevailing market value. However, a "speculator" or a person who at this point in time may not have a foreseeable intent or desire to sell based upon the current prevailing market value may sell if the price should double or triple. Does this mean that person has weak hands because he will someday sell? I don't think so. >>>
When reading any of the numerous 25th Anniv. SE related threads here, I get the distinct impression of two types........those that bought and have already flipped either all or some, and those who have yet to sell and are now trying to convince themselves and others here that market prices for these coins will rebound in a big way and those who hold will be the biggest financial winners. I hear very few here discuss how they purchased one set, opened it up and added it to their collection in the OGP with no regard to past, current or future market prices or which 'label' is currently the hottest. >>
Sorry I missed your earlier reply Dragon, it's not a fun time of year to be self-employed (tax year end looming)!
By "strong hands" I meant those who want the set for the long-run, have acquired or will acquire whatever set(s) they want, and won't sell them unless forced to. Those are the folks I was referring to when I mentioned the 70 sets finding their way into strong hands, and the possible effect that will have on prices.
Then there are strong hands and weak hands amongst flippers too. Strong hands are sitting out the flood and will wait for prices to stabilize (I believe they are at this point) and then rebound. Weak hands are overextended and just want out before the credit card bill becomes seriously overdue. I'm guessing the person who listed a sealed box of 5 with a BIN of $2,950 earlier fell into that category. He/she ended up with about $500 less than could have been obtained by selling to a dealer, and listed for around $300 less than auctions have been ending at.
Personally I have 1 opened set in OGP that you'll have to pry from my cold dead hands since it keeps my collection of ASEs 100% complete. Then I have 19 sealed sets that may be sold if/when the price is right, or may be locked away for posterity since I have no actual need to sell. Finally I have 6 PCGS 70 Mercanti sets that are destined to be a 6-12 month flip. I couldn't resist at $1,250 a set, purely speculative mind you, and that was money that was originally destined for bullion.
I agree with you btw, not much discussion of the coins themselves or the outstanding job that the Mint did with the presentation of them. That makes the collector in me a little sad, albeit once things settle down I think there will be more of that.
Comments
<< <i>There will always be a demand for the two keys (RP & S) coins. As for the whole set, that is up in the air. But, the two keys will help to icrease the value of the whole set, IMOP. >>
And one of the key factors moving forward with the sets is that there are a lot of sets being broken and sold separately because of these 2 key coins which will leave much fewer complete sets out in the market. Who knows how many graded sets will be out in the market when the dust settles but Im almost willing to bet complete sets in even (i.e. MS69,MS70) grading will total less than 50,000.
There are too many people right now dumping them on Ebay and this could very well be a replay of the UHRs. Many thought they'd be able to acquire them at a decent price anytime only to find out that the prices quickly climbed before they realized it.
<< <i>I may be misunderstanding you OPA. Are you saying there will never be much demand for the 25th set? Not much demand for a certain label? >>
The set will be ultra popular, but the Mercanti Label is a looser.
<< <i>
<< <i>I may be misunderstanding you OPA. Are you saying there will never be much demand for the 25th set? Not much demand for a certain label? >>
The set will be ultra popular, but the Mercanti Label is a looser. >>
Well let me add my spin to the labels coming from a card collecting background, generally cards with the black borders do extremely well. This is also true in many other things, cars, clothing, etc... so from this collectors eye I think the Mercanti's will do just fine.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Box of 20
<< <i>I believe in the long term Mercanti labels will be scarcer than flag labels. Once the majority gets theirs graded they will opt for flag labels and those will become the majority. Give it time and Mercanti's will probably be the big winner. The flags right now command a higher premium because there is less of them on the market. >>
Wrong! It is because the Flag label FS looks much better!!
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>So whats the verdict? To collect the entire graded set or just the two Key coins in this 25th Anniversary set
PCGS 70 RP is going for between $450-500 with a few outliers either way.
PCGS 70 S is going for $400-450 with the Mercanti or tombstone label, higher with a flag label (I'll keep my comments on that to myself!)
So you're anywhere from $850-950 just for the 2 keys. OTOH you can have the full set with OGP for $1,270 shipped (Mercanti signed labels), a difference of $220-$320 to have the whole shooting match.
Given how many sets are being split up into singles, my personal feeling is that the full sets are a better bet at that price and are selling for less than the sum of their parts. The PCGS 69 Mercanti sets for $695 with OGP seem very undervalued to me at around $40-50 more than a raw set. Once the chase for the 70s has ended and they're in strong hands, they have good potential given what the 2 keys are selling for raw.
How many Mercanti labels are available? Since PCGS hasn't said otherwise, I'm assuming as many as ordered by customers. Sign, sign, sign. Limited edition does not seem to be in the equation. If limited edition Mercanti labels were in the equation, than it would have been promoted by the seller.
Then throw in future orders, reholders, etc., for a total of how many Mercanti labels? Your guess is as good as mine.
Rumored revision to the Mercanti label? I haven't seen any info from PCGS about a revision several weeks after it was mentioned on the forum, nor have I heard anyone crow about their new Mercanti labels, so, who knows, probably time to discount revised labels? Surely, PCGS would let us know if the product was to be revised. Yes / No?
Finally, should I sell the 69 sets now and get two Mercanti 70 sets for a long term hold?
I'm also willing to guess that anybody who was brave enough to shell out $1500+ to buy a 70 set from the scratch is not going to let it go at the loss
Based on this I think the number of available 70 sets will go down fairly quickly once the flood of the fresh boxes stops
It would be also interesting to start a poll what are the members who participated in the 25th ASE craziness are planning to keep themselves for the long term
<< <i>I'm willing to speculate that almost anybody who was able to get sets directly from the Mint is going to keep at least one 70 set for the longer term as they were effectively "free" or very low cost after flipping some extras
I'm also willing to guess that anybody who was brave enough to shell out $1500+ to buy a 70 set from the scratch is not going to let it go at the loss
Based on this I think the number of available 70 sets will go down fairly quickly once the flood of the fresh boxes stops
It would be also interesting to start a poll what are the members who participated in the 25th ASE craziness are planning to keep themselves for the long term >>
I agree with your assessment. I purchased 7 sets. Six were sealed and are graded ATS. The other was OGP. I am going to keep one MS 70 set and the OGP set indefinitely. I have sold nothing yet and have no imminent plans to do so.
After ebay, free shipping, paypal that is roughly $1,025 or so net to seller?
Why bother to sell them at auction at that level? I am paying more right now for the "70" sets (as are others) and would buy quantity at that price!
Why would anyone want to "retail" these sets at $1,025 net? Maybe I've just grown a bit too attached to these sets or have read too many positive posts from Eric J (LOL)
Wondercoin
P.S. As always, just my 2 cents.
<< <i>New All-Time low(?) on a 25th Anniv PCGS 70 (5-pc) set at less than $1,177 on ebay tonight (not Mercanti or Flag, but still ....)
After ebay, free shipping, paypal that is roughly $1,025 or so net to seller?
Why bother to sell them at auction at that level? I am paying more right now for the "70" sets (as are others) and would buy quantity at that price!
Why would anyone want to "retail" these sets at $1,025 net? Maybe I've just grown a bit too attached to these sets or have read too many positive posts from Eric J (LOL)
Wondercoin
P.S. As always, just my 2 cents. >>
Well with any market the contrarian sentiment holds. People have been very bullish. Need some bears to see the turn
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Date: 2011-12-20, 12:58AM EST
Reply to: sale-ngcrv-2761897982@craigslist.org [Errors when replying to ads?]
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This is original set from the US Mint 25th Silver Anniversary Set. In original box with COA. Only 100,000 minted with 2 coins you can only get in this set. Experts say this set will be worth over $15,000 in a short time. Call now if you want to own one. Hurry this will go fast.
<< <i>this set will be worth over $15,000 in a short time >>
Along with Gold at $5000 and Silver at $100 per oz.
<< <i>Found this ad on craigs list and thought i'd share it with you all. 25th Anniversary 5 coin silver set in original Box COA awesomelooking! - $1150 (Portland, Maine)
--------------------------------------------------------------------------------
Date: 2011-12-20, 12:58AM EST
Reply to: sale-ngcrv-2761897982@craigslist.org [Errors when replying to ads?]
--------------------------------------------------------------------------------
This is original set from the US Mint 25th Silver Anniversary Set. In original box with COA. Only 100,000 minted with 2 coins you can only get in this set. Experts say this set will be worth over $15,000 in a short time. Call now if you want to own one. Hurry this will go fast. >>
This is a good time to try out that strategy of offering to sell him one for $800 so he can make $350 PURE PROFIT!
<< <i>New All-Time low(?) on a 25th Anniv PCGS 70 (5-pc) set at less than $1,177 on ebay tonight (not Mercanti or Flag, but still ....)
After ebay, free shipping, paypal that is roughly $1,025 or so net to seller?
Why bother to sell them at auction at that level? I am paying more right now for the "70" sets (as are others) and would buy quantity at that price!
Why would anyone want to "retail" these sets at $1,025 net? Maybe I've just grown a bit too attached to these sets or have read too many positive posts from Eric J (LOL)
Wondercoin
P.S. As always, just my 2 cents. >>
Sounds like the bottom still hasn't hit. Let's hope when the bottom hits, the recovery doesn't take as long as the housing market.
<< <i>Sounds like the bottom still hasn't hit. Let's hope when the bottom hits, the recovery doesn't take as long as the housing market.
Remember, there will always be a few flyer outside the zone. You need to look at the average price they are selling for to determine the bottom. This time of year is tough to get a lot of buyers. Heck, I didn't even turn on the puter last night.
Wondercoin
<< <i>P.S. I missed the $1,167 sale yesterday as the "true" new low (for those keeping score).
Wondercoin >>
And one just sold for $1,400. the majority seem to be in the $1,300 - $1,400+ range for signature sets.
Wondercoin
Strong hands? These 25th sets (especially the graded ones) and the term strong hands appears to be an oxymoron for 99% of the people here IMO.
<< <i>Coins101 ... my comments were specifically regarding the 25th Anniv labeled sets. Did one of those just sell for $1,400?
Wondercoin >>
2011 25th Anniversary PCGS 70 Signature SET of Silver Eagle 5 A25 MS70 PR70 FS
Sale price: $1,400.00
End time: Dec-21-11 10:07:51 PST
When you say "25th Anniv labeled sets," I am guessing you are talking about the Black Label sets and not the Signature sets????
<< <i><<< Once the chase for the 70s has ended and they're in strong hands, they have good potential given what the 2 keys are selling for raw. >>>
Strong hands? These 25th sets (especially the graded ones) and the term strong hands appears to be an oxymoron for 99% of the people here IMO. >>
Depends on your definition of "strong hands."
2011 25th Anniversary PCGS 70 SET Silver Eagle 5 pc A25 MS70 PR70 FIRST STRIKE
Sale price: $1,450.00
End time: Dec-21-11 10:56:42 PST
<< <i><<< Once the chase for the 70s has ended and they're in strong hands, they have good potential given what the 2 keys are selling for raw. >>>
Strong hands? These 25th sets (especially the graded ones) and the term strong hands appears to be an oxymoron for 99% of the people here IMO. >>
I don't agree. Fact is most here have more than what they will keep long term so they will sell some. Keep some. Those they sell will reach "strong hands". Check back in a few years and I will still have more than one set for certain. I have an open set and will keep at least one set of 70's. Fact is I"m sitting with about 25 sets at this point. Most will go in time.
The 25th (black) label are selling "for a song" in my view at levels that personally confuse me. In fact, as I mentioned before, I am paying more than these (low point) sellers are netting on ebay right now!
Anyway, I also saw a Flag set go BIN at $1,750 yesterday. I agree that the spread between sales prices is great at this point (especially label to label). I will be listing Flag 70 sets on ebay this weekend, but I can assure you I will not be letting ANY sets go on ebay for less than the $1,500 - $1,600 range (and likely the higher point of that range).
Wondercoin
In the finance world the term 'strong hands' generally refers to a very well financed investor or speculator. In the world of collectibles I believe it refers to not only a very well financed individual but also someone with no foreseeable intent or desire to sell based on the prevailing market value or various other reasons, a true long term collector/investor/connoisseur/etc.
<< <i><<< Depends on your definition of "strong hands." >>>
In the finance world the term 'strong hands' generally refers to a very well financed investor or speculator. In the world of collectibles I believe it refers to not only a very well financed individual but also someone with no foreseeable intent or desire to sell based on the prevailing market value or various other reasons, a true long term collector/investor/connoisseur/etc. >>
Then, I believe 99% is rather high if your are actually talking about the current prevailing market value. However, a "speculator" or a person who at this point in time may not have a foreseeable intent or desire to sell based upon the current prevailing market value may sell if the price should double or triple. Does this mean that person has weak hands because he will someday sell? I don't think so.
Sure, there may be coins that may never make it to market until the current owner is dead. But, on the other hand, the owner's interest may change and he may decide to take the profit and buy a boat, also know as the black hole of the sea.
When reading any of the numerous 25th Anniv. SE related threads here, I get the distinct impression of two types........those that bought and have already flipped either all or some, and those who have yet to sell and are now trying to convince themselves and others here that market prices for these coins will rebound in a big way and those who hold will be the biggest financial winners. I hear very few here discuss how they purchased one set, opened it up and added it to their collection in the OGP with no regard to past, current or future market prices or which 'label' is currently the hottest.
<< <i>When reading any of the numerous 25th Anniv. SE related threads here, I get the distinct impression of two types........those that bought and have already flipped either all or some, and those who have yet to sell and are now trying to convince themselves and others here that market prices for these coins will rebound in a big way and those who hold will be the biggest financial winners. I hear very few here discuss how they purchased one set, opened it up and added it to their collection in the OGP with no regard to past, current or future market prices or which 'label' is currently the hottest. >>
Sounds alot like speculators.
So, if one person was able to buy 90,000 out of the 100,000 sets and decides to sit on them a year or two, or even more, does he have weak hands or strong hands in your mind?
Dragon: Hi. Don't forget the 3rd type. those who bought and flipped a decent % of their coins already, yet still have an upbeat attitude towards the future of these coins and are buying more to this day. I think I probably fall into that category and, from what I am reading here, probably MCM does as well and a few others (one of my earliest consignors who sold nearly his entire position for "big money" came back into the market today gobbling up a few 70 sets at these levels). Eric Jordan I assume falls into your second category of someone who has sold very little and pontificates that prices "will rebound in a big way".
I think Dragon is one of the brighter guys on this forum and I have loved reading his posts throughout the years, but, if he allows me to pick a specific PCGS coin and grade from the 25th Anniv set with a current market value of under $750, I "friendly bet" my pick will outperform ANY US classic coin and grade with a current value of under $750 he selects on a percentage basis over the next 6-12 months. Any US classic coin at all in the wide universe of US classics against my coin pick from the 25th Anniversary set .... and I think I bring the Dragon down if he choses to play
Wondercoin
<< <i>I am interested in buying one of the Anniversary sets. Is there a certain mint that will be more valuable than another? For investment purposes, what should I buy pertaining to this Anniversary set? >>
Personally, I wouldn't pay too much attention to labels EXCEPT for the PCGS 70 mark. Be they Mercanti or Flag---doesn't matter IMO. Get the good stuff at the cheapest you can....those two labels contain the exact same coins at the end of the day. NGC coins are decent too, but they have been awarding 70s at a higher rate so make sure you don't pay as much for those.
If you can get a PCGS 70 set for under $1300 you're doing pretty well.
No problems with coins in original mint packaging either---if you can look at the coins in person to be sure there are no spots, bad frost breaks, dings, etc. you'll also be OK. 70s are nice for buying online because you know you'll get great coins with a third party grading company guarantee if they get spots later. Silver Eagles have had spotting issues in the past and this is always something to keep in the back of your mind.
1 Full Mercanti 70 Set
1 Full Flag 69 Set
1 (almost) Full Flag 70 set
2 Extra 2011-P 70 Flags
I sold a bunch of 70s and 69s and 68s on eBay during the huge profit period. I will end up netting 1 full flag 70 set or Mercanti (still debating which is better to have) and selling the rest in 5 years or more/less (depending on market conditions) =D
<< <i>If anything I'd be focusing right now on getting the key coins at a cheaper price. Load up on those and you'll do very well. I'd buy one MS70 set now and concentrate on acquiring as many key coins as you can be it MS69 or MS70 >>
This is also a good route to go and in that case, buy the 2011-S and 2011-P Reverse Proof. These are the two coins with the 100k mintage. Be careful when buying the "S" that you don't accidentally get the 2011-(S). Those coins were made in San Francisco but lack the mint mark. This is a confusing year for silver eagles so do some reading up.
I like these silver eagles, but I don't allow myself to love them because of their propensity to spot. If they didn't spot, I would definitely collect the series.
<< <i>Prices still dropping in all categories...buying time.
I don't see them dropping. Just in the last hour there has been a Mercanti and NGC set both sell for $1300+
<< <i><<< Then, I believe 99% is rather high if your are actually talking about the current prevailing market value. However, a "speculator" or a person who at this point in time may not have a foreseeable intent or desire to sell based upon the current prevailing market value may sell if the price should double or triple. Does this mean that person has weak hands because he will someday sell? I don't think so. >>>
When reading any of the numerous 25th Anniv. SE related threads here, I get the distinct impression of two types........those that bought and have already flipped either all or some, and those who have yet to sell and are now trying to convince themselves and others here that market prices for these coins will rebound in a big way and those who hold will be the biggest financial winners. I hear very few here discuss how they purchased one set, opened it up and added it to their collection in the OGP with no regard to past, current or future market prices or which 'label' is currently the hottest. >>
Sorry I missed your earlier reply Dragon, it's not a fun time of year to be self-employed (tax year end looming)!
By "strong hands" I meant those who want the set for the long-run, have acquired or will acquire whatever set(s) they want, and won't sell them unless forced to. Those are the folks I was referring to when I mentioned the 70 sets finding their way into strong hands, and the possible effect that will have on prices.
Then there are strong hands and weak hands amongst flippers too. Strong hands are sitting out the flood and will wait for prices to stabilize (I believe they are at this point) and then rebound. Weak hands are overextended and just want out before the credit card bill becomes seriously overdue. I'm guessing the person who listed a sealed box of 5 with a BIN of $2,950 earlier fell into that category. He/she ended up with about $500 less than could have been obtained by selling to a dealer, and listed for around $300 less than auctions have been ending at.
Personally I have 1 opened set in OGP that you'll have to pry from my cold dead hands since it keeps my collection of ASEs 100% complete. Then I have 19 sealed sets that may be sold if/when the price is right, or may be locked away for posterity since I have no actual need to sell. Finally I have 6 PCGS 70 Mercanti sets that are destined to be a 6-12 month flip. I couldn't resist at $1,250 a set, purely speculative mind you, and that was money that was originally destined for bullion.
I agree with you btw, not much discussion of the coins themselves or the outstanding job that the Mint did with the presentation of them. That makes the collector in me a little sad, albeit once things settle down I think there will be more of that.