<< <i>Why are there so many of the -S- mint and RP coins still available in the marketplace, it makes no sense......no sense at all I tell ya?
I mean we're supposed to have something like 4.7 trillion silver eagle collectors out there that absolutely MUST have the -S- and RP to have complete collections, a tiny mintage of just 100,000 coins, everyone and his brother with any business sense at all has already maxed out all their CC's, sold their house, cars, children and all personal property in order to hoard as many of the -S- and RP coins in 70 with the correct label, 1000's of speculators have held onto their sealed boxes of 5-sets, all SE collectors worldwide should currently be in a mad scramble to secure their -S- mint and RP coins for their collections at this low, low price, the modern dealers should now be sitting on literal warehouses full of these 2 key coins in both 69 and 70 for the future price explosion, and even people who don't even know what a silver eagle is are probably holding onto sealed boxes at the advice of their coin collecting friends............so why can I still go on Ebay and see 100's upon 100's upon 100's of these coins still for sale, sets in 69, sets in 70, raw, PCGS, NGC, singles, everything??
And my next question.........why has Heritage been dumping literally hundreds of the Mercanti sets in both 69 and 70 at what seems like bargain basement prices on Ebay over the past couple of weeks? I mean Heritage is the biggest coin dealer and auctioneer out there with very large financial resources and some of the sharpest coin people in the business working there....no? Didn't they get the memo these sets are going up up up in the future and now is the time to be buying and not selling? >>
Q 1> Simple, people want what they can't have, once they can have it (the flood) they no longer want it as much...
Q2. They make money by selling stuff, not holding it, kinda like the grocery store...
Does anyone know if there has been this many 70 graded (currently looks like about 4,000 just with First Strike Alone) version of a 100k mintage before in a coin set?
I guess my estimate of $700 for raw sets at Christmas was a little off? Got chewed out for that guess too. Got to get out from behind the rosy glasses sometimes. Saying going to the moon en masse won't make it happen. PLEASE look at past historical figures to get estimates. Or, if you ask for one, listen to those that have been there before. Got to lighten up on these boards. We ALL would like a profit. Won't happen 100% of the time. Even for the BEST! Let's help keep each other based on this planet and take advice when asked. I still see below $600 in the near future. Have mine wrapped up for gifts. Some happy receivers soon. Just brushed off some of the older 20th anniversary brown boxes. Ho Hum!! Put them back in never never land again. See you in another 5-10 years. Maybe sooner if my heirs have to. Merry Christmas to all. And I REALLY hope these sets go to the moon. I'll still have mine. Ray
You only live life once, enjoy it like it's your last day. It just MIGHT be!
<< <i>I guess my estimate of $700 for raw sets at Christmas was a little off? Got chewed out for that guess too. Got to get out from behind the rosy glasses sometimes. Saying going to the moon en masse won't make it happen. PLEASE look at past historical figures to get estimates. Or, if you ask for one, listen to those that have been there before. Got to lighten up on these boards. We ALL would like a profit. Won't happen 100% of the time. Even for the BEST! Let's help keep each other based on this planet and take advice when asked. I still see below $600 in the near future. Have mine wrapped up for gifts. Some happy receivers soon. Just brushed off some of the older 20th anniversary brown boxes. Ho Hum!! Put them back in never never land again. See you in another 5-10 years. Maybe sooner if my heirs have to. Merry Christmas to all. And I REALLY hope these sets go to the moon. I'll still have mine. Ray >>
Ray, did you miss the posts that had THIS[/L] one, sealed, FS eligible set? An anomaly, or a the bounce-back? My guess is the bounce-back.
I saw earlier today Wondercoin was offering $670 per set, as long as they are sealed and first strike eligible. That's back up from his lowest offer of I think $580 per set, about a week or two back. I listen to both John Maben and Mitch, especially when it comes to moderns, and their posts on these boards make me think we have at least seen a temporary bottom on the raw sets. Whether it's the real long term bottom remains to be seen, only time will tell. As far as the graded sets, they seem to have at least flattened out and established a range. Bottom? Who knows?
<< <i>Ugh, I was hoping to see another 10% decline over the next two weeks so people will be dumping them at the FUN show. Fat chance I know, but hey I'm an optimist .
I just hope prices stay where they are for weeks/months so I can continue to buy... >>
I'm with you there....though it could be that everyone is home for the holidays. Seems like a price rebound may be here based on what I'm seeing on the bay tonight.
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Notsure: the link didn't work. But, at times rebounds will happen. Sometimes it will only be for a few people that just remembered they "forgot" to get a set for someone, etc. Others, like right now, are collectors/dealers trying to time the bottom. But the market will be fairly stable and you won't see a quick upswing, just bumps up and down. After all, Christmas sets have already been bought as it's only 2 days away. If you "need" to buy a set for your collection, now is a pretty good time. But, to buy in bulk for a profit, you would probably be wise to wait for more dust to settle. Just my opinion. Good luck and Merry Christmas to all! Ray
You only live life once, enjoy it like it's your last day. It just MIGHT be!
I believe $580 was my lowest offer in recent times and I paid a board member a high of $750 as well during that time period as well. Interestingly, my current $670 posted offer on the BST board is nearly right down the middle of the high and low prices I had been paying over the past month or so for sealed FS eligible sets. If I had any idea where these sets will be going next, I could have avoided paying $750 at the high or bought twice as many in the low $600's just a couple weeks ago!!
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< <i>Graded sets seem to be creaping up a bit. Mercanti 69 sets are 700 and up. >>
And a few Mercanti 70s selling for more than 1500. Also there is about 800 listings but many with single coins. It should get interesting after the new year
I've been selling coins on FeeBay for nearly 11 years, yet understanding the psychology of many FeeBay buyers continues to allude me.
I've had an NGC 2011 P Rev. Proof PF69 25th Anniv. Set ER listed as a BIN for two days now. It is the lowest price of the BINs for this issue. I have high resolution photos of the exact coin being sold, free shipping, a long track record of selling moderns, 100% pos. FB, all 5/5 DSRs, etc...
The coin is also super clean as can be seen in the photos. I have no idea why it got a 69 when, esp. considering how many get 70s. It was cherry picked yet got a 69 (the only one of my cherry picked coins that did). I know that if I re-submitted it I'd get a 70 but would loose the ER and it's not worth it.
Yet, several have sold in the past few days - both BINS and auctions - for more than mine. I know mine will sell shortly, but I just don't get it. Some which have sold have far less FB, poor or no pics of the actual coin, same return and shipping policy, etc. Just does not seem to make a difference. I've seen same phenomenon with multiple issues in the past, with both mine and other sellers coins.
My comments here are not so much about this specific auction, but this phenomenon in general. I'm just using this auction as an example. I've never been able to figure why FeeBay buyers don't shop around more for price. I certainly do. It just baffles me.
<< <i>I've been selling coins on FeeBay for nearly 11 years, yet understanding the psychology of many FeeBay buyers continues to allude me.
I've had an NGC 2011 P Rev. Proof PF69 25th Anniv. Set ER listed as a BIN for two days now. It is the lowest price of the BINs for this issue. I have high resolution photos of the exact coin being sold, free shipping, a long track record of selling moderns, 100% pos. FB, all 5/5 DSRs, etc...
The coin is also super clean as can be seen in the photos. I have no idea why it got a 69 when, esp. considering how many get 70s. It was cherry picked yet got a 69 (the only one of my cherry picked coins that did). I know that if I re-submitted it I'd get a 70 but would loose the ER and it's not worth it.
Yet, several have sold in the past few days - both BINS and auctions - for more than mine. I know mine will sell shortly, but I just don't get it. Some which have sold have far less FB, poor or no pics of the actual coin, same return and shipping policy, etc. Just does not seem to make a difference. I've seen same phenomenon with multiple issues in the past, with both mine and other sellers coins.
My comments here are not so much about this specific auction, but this phenomenon in general. I'm just using this auction as an example. I've never been able to figure why FeeBay buyers don't shop around more for price. I certainly do. It just baffles me. >>
I don't get it either. I've seen some pretty wild spreads on my ebay hunts over the last few days. My only guess is that there are impatient people who don't care about money and sometimes just hit BIN on the first thing that looks like what they want. This pains me because I too try my best to come up with a professional looking listing with much better photos than most and then get a lower price than someone who took shots with a camera phone. Though some camera phones are getting pretty good. To be honest, sometimes better photos reveal imperfections, and this may be part of my problem! (Not talking specifically about the 25ths but past sales.)
BTW--it appears Gold Mart still has 70 Mercanti sets for $1250. I haven't pulled the trigger yet but this price may be gone soon and it continues to taunt me.
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<< <i>I am curious to know how much the regular sets will sell for without First Strike. >>
Second Strikes will likely be worth less. >>
I have 5 sets being graded ATS with the black "25" on the label. I figured that would at least add something other than the word "Set" to the label??? It's SO confusing with all the labels. I would call myself knowledgeable concerning the 25th sets (I've bought, graded & sold dozens of sets), and numismatics in general, and I still struggle when searching eBay. I'm pretty sure the novice collector is lost when it comes to the 25th Anniversary coins.
Indeed. 2011 will go down as an extremely confusing year for the novice ASE--or really even experienced-- collectors, especially when shopping for graded coins. After all we have the (S) and "S" ASEs, the "25th set" vs. "25th anniversary" the bullion coin vs. bullion set coin (which most have concluded has a better strike even if it's not a variety), First Strike Flag vs. regular vs. Mercanti (the slow release from the Mint will create more non-FS sets in the near future) and the sheer number of coins--5--make for confusion central.
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<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
LOL!!! Thanks, I needed a good laugh.
There's not a snowball's chance in hell that will happen. A quick check of eBay shows the 2006 20th set selling in PCGS 69 for around $400-500. This set has:
2.5x lower mintage 2 more coins 2x as many unique coins
The minimum I see a PCGS set selling for in the future once prices stabilize is at LEAST $900, or around 2x the 2006 set. To say that this set will sell for $150 at this current spot price is insanely ridiculous.
<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
You must be confused. This is December 25th, not April 1. But, if that comes true, it will be true for EVERY US silver coin in existance. So, you had better dump everything you have.
On the other hand, it just come true if silver hits $10k per ounce.
<<< To say that this set will sell for $150 at this current spot price is insanely ridiculous >>>
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous"
<< <i><<< To say that this set will sell for $150 at this current spot price is insanely ridiculous >>>
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous" >>
Not by us who know the real value of NGC graded modern "junk." One of several reasons why I for one, would never purchase an NGC modern graded coin. Classic, yes.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<<< Not by us who know the real value of NGC graded modern "junk." >>>
It wasn't just the NGC graded modern "junk" though. If I remember, the first couple 25th Anniv. PCGS graded '70' sets also initially sold for huge sums just several weeks ago on Ebay, and have also come down dramatically in very short order.
This is a given. Supply and demand and the earliest selling bird always gets the worm. Any buyer who goes into the secondary market game right away on a flip like this is asking for trouble. Doesn't matter the TPG, the label, or the coin. Doesn't take a rocket scientist to predict--we all knew there were going to be a lot of flippers in the game....
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<< <i><<< To say that this set will sell for $150 at this current spot price is insanely ridiculous >>>
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous" >>
Not by us who know the real value of NGC graded modern "junk." One of several reasons why I for one, would never purchase an NGC modern graded coin. Classic, yes. >>
I'll go one better, I won't buy graded coins from ANY TPG sight unseen without a return option-period. NGC is not the only service that can disappoint. Every single one of them can and do sometimes grade coins that don't live up to expectations. I have in the past and still do submit coins to both NGC and PCGS. I have some very nice toned Bust Halves in PCGS slabs and really like that they are in PCGS slabs and not NGC. When submitting my anniversary sets, I chose to go with NGC for them. My MS 70 grade through rate was 54%--certainly not outrageous and I'd bet a whole lot of money that there were orders graded by out esteemed host that had higher grade through rates than that. I bet some much higher. I remember a poster here claiming a friend had a bulk submission with PCGS of almost 20 sets with a grade through rate of 90+%. Sorry but I wont line up for the Kool-Aid.
<< <i><<< Not by us who know the real value of NGC graded modern "junk." >>>
It wasn't just the NGC graded modern "junk" though. If I remember, the first couple 25th Anniv. PCGS graded '70' sets also initially sold for huge sums just several weeks ago on Ebay, and have also come down dramatically in very short order. >>
Really? The first PCGS sets on eBay were the Mercanti labeled ones & I do not recall seeing any selling for $4k. The Flag labels got on board to late for any record breaking prices, but have taken the lead in current valuation.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
There are several of us on these boards who will buy every RP & S that comes on the market WAY before it gets down to "a couple of bucks over spot." In fact, sub $300 for 69's (PCGS and NGC) is very compelling and a few of us are dollar cost average purchasing now. There aren't many safer investments for 2012 that will offer a 30% ROI. The RP & S only need to get to ~$325 sometime before year's end to do so. Do you think that'll happen?
<<< There aren't many safer investments for 2012 that will offer a 30% ROI. >>>
Yes, exactly. Tell that to all the people who bought these 25th sets/singles in the aftermarket just several weeks ago and are now losing their shorts.
<< <i>I've been selling coins on FeeBay for nearly 11 years, yet understanding the psychology of many FeeBay buyers continues to allude me.
I've had an NGC 2011 P Rev. Proof PF69 25th Anniv. Set ER listed as a BIN for two days now. It is the lowest price of the BINs for this issue. I have high resolution photos of the exact coin being sold, free shipping, a long track record of selling moderns, 100% pos. FB, all 5/5 DSRs, etc...
The coin is also super clean as can be seen in the photos. I have no idea why it got a 69 when, esp. considering how many get 70s. It was cherry picked yet got a 69 (the only one of my cherry picked coins that did). I know that if I re-submitted it I'd get a 70 but would loose the ER and it's not worth it.
Yet, several have sold in the past few days - both BINS and auctions - for more than mine. I know mine will sell shortly, but I just don't get it. Some which have sold have far less FB, poor or no pics of the actual coin, same return and shipping policy, etc. Just does not seem to make a difference. I've seen same phenomenon with multiple issues in the past, with both mine and other sellers coins.
My comments here are not so much about this specific auction, but this phenomenon in general. I'm just using this auction as an example. I've never been able to figure why FeeBay buyers don't shop around more for price. I certainly do. It just baffles me. >>
I don't get it either. I've seen some pretty wild spreads on my ebay hunts over the last few days. My only guess is that there are impatient people who don't care about money and sometimes just hit BIN on the first thing that looks like what they want. This pains me because I too try my best to come up with a professional looking listing with much better photos than most and then get a lower price than someone who took shots with a camera phone. Though some camera phones are getting pretty good. To be honest, sometimes better photos reveal imperfections, and this may be part of my problem! (Not talking specifically about the 25ths but past sales.)
BTW--it appears Gold Mart still has 70 Mercanti sets for $1250. I haven't pulled the trigger yet but this price may be gone soon and it continues to taunt me. >>
Hi PF-
Thanks for your insightful post. I've had the same thoughts about my photos. In this case I thought that my pics would reveal what a clean coin that it is. Who knows. You so perfectly described my frustrations with this phenomenon. It's just incredible that people won't spend a few minutes looking over multiple listings to save, in some cases, over $50.
<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
LOL!!! Thanks, I needed a good laugh.
There's not a snowball's chance in hell that will happen. A quick check of eBay shows the 2006 20th set selling in PCGS 69 for around $400-500. This set has:
2.5x lower mintage 2 more coins 2x as many unique coins
The minimum I see a PCGS set selling for in the future once prices stabilize is at LEAST $900, or around 2x the 2006 set. To say that this set will sell for $150 at this current spot price is insanely ridiculous.
-Paul >>
The 95W has settled a bit higher than a few bucks over spot as well :-)
Looks like the premium on unopened 5-set boxes on eBay has pretty much disappeared. Recent sales are in the $3200 neighborhood, or around the same price per set as opened ungraded sets.
<< <i><<< To say that this set will sell for $150 at this current spot price is insanely ridiculous >>>
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous" >>
Not by us who know the real value of NGC graded modern "junk." One of several reasons why I for one, would never purchase an NGC modern graded coin. Classic, yes. >>
I'll go one better, I won't buy graded coins from ANY TPG sight unseen without a return option-period. NGC is not the only service that can disappoint. Every single one of them can and do sometimes grade coins that don't live up to expectations. I have in the past and still do submit coins to both NGC and PCGS. I have some very nice toned Bust Halves in PCGS slabs and really like that they are in PCGS slabs and not NGC. When submitting my anniversary sets, I chose to go with NGC for them. My MS 70 grade through rate was 54%--certainly not outrageous and I'd bet a whole lot of money that there were orders graded by out esteemed host that had higher grade through rates than that. I bet some much higher. I remember a poster here claiming a friend had a bulk submission with PCGS of almost 20 sets with a grade through rate of 90+%. Sorry but I wont line up for the Kool-Aid. >>
Sorry to the posters who missed out on sets from the Mint.. hoping now ,to talk down the price of the 25th set. $$$150.00 will never happen unless a collapse of the USA economy...prices are very attractive for some of the 25th pieces
<< <i><<< There aren't many safer investments for 2012 that will offer a 30% ROI. >>>
Yes, exactly. Tell that to all the people who bought these 25th sets/singles in the aftermarket just several weeks ago and are now losing their shorts. >>
WOW Dragon you are telling us that people that are impatient got hurt? Last time I checked thats true of about everything. Dont see any comments from you about the people that bought at $300 a set a month ago. Dragon regardless of your willingness to see the obvious most of the growth in coinage is in moderns. Most of the price growth indexed to inflation is in key date moderns.
Go index all the all the PCGS classic coin market segments to inflation for the last 15 years and see the real term performance of the material you like. Other than a few $100,000 plus mega coins classics growth indexed to inflation or gold is DEAD because the series are mature. Classic coins also have demographic problems that even Bowers is worried about. Excessive aging of classic collectors and the potential for shrinking collector bases for the old series.
I started out collecting classic coinage as a small child in 1980 but I dumped the classics when I started looking at the growth cycles of series. Others that have limited budgets and would like to see their collections perform well have moved on to the best modern material just like collectors that were active and had foresight in the 1906 to 1936 era were buying key new material as fast as they could identify it. It looks like you are not willing to consider or cherry pick the best material that the Mint is offering in your generation. Looking through coinage history passing over your generations super "moderns" is normally an error.
One of the better moderns dealers and one of the more competent collectors on the West Coast is Wondercoin. It sounds like you know him. Have you talked to him about very serious moderns that are the equal of buying Pan Pac slugs in 1920? If you dont like silver Eagles or think they are over priced then what are you looking at? Are you stuck completely in the past?
<< <i><<< To say that this set will sell for $150 at this current spot price is insanely ridiculous >>>
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous" >>
I don't like to pass judgement, but anyone with a lick of sense who didn't just buy their first coin knows pricing for almost every new issue will fall after the first few weeks on the market. Either they wanted to be the first on the block to have it or just have the means not to worry about price. The fact the jacked up pricing has settled down should not surprise anyone.
PEACE! This is the first day of the rest of your life.
Eric: Thank you for the praise ... especially coming from you it is very much appreciated.
Listen, one of the greatest classic coin dealers out there (and let me say it was not Legend) ... not to be named ... the other day I made a similar offer to that which I made to Dragon last week. I essentially said he or she could pick any coin out of their existing available classic coin inventory and I would pick (1) coin in (1) grade from the 25th Anniv set and we could monitor the value of my pick vs. his/her pick over the next 6-12 months (and the % increase of each pile). My bet was simply that my modern selection from the 25th Anniv. set would outperform any classic coin currently available in that inventory for classic coin collectors to purchase on a percentage basis. And, on top of that, the coin I would be selecting would have already increased about 100% already in 45 days from mint issue price (and my profit would be measured from today's value already higher by about 100% from just 45 days ago)! I could not get he/she to "play"; just like I could not get Dragon to play (other than him selecting a widget tied to the price of spot silver).
Now, I love collecting coins as much as the next guy, and have many collections where I have not sold virtually any coins from the set for years (and in a few cases decades). I have plenty of classic coins in my collections including a nice pattern Liberty nickel collection in the registry and (according the PCGS now) one of top silver Washington quarter collections (it was considered a modern collection when I started it, but PCGS now says it is classic). I also have plenty of modern coins in my collections ... plenty of them. It is not specifically tied to classics by any means ... I have BOTH classic and modern collections that have performed poorly over the past 5-10 years. I keep these coins because I greatly enjoy owning them ... I have no delutions of grandeur with these coins' performances. I know in my heart they will nearly all perform poorly as compared to the select modern coins that I can target for potential future "promotions" or those modern coins simply being ignored by the masses of collectors today (where I believe the next generation of collectors will not have the same "tunnel vision" towards these coins) and where there is a bullion play on the coins as well ... even better! Heck, Eric wrote a book with a roadmap towards some of these future treasures I believe! I may not agree 100% with what Eric has to say and he may not agree 100% with what I have to say, but, we certainly agree with a decent sized piece of what each other is saying about specific modern coins.
I do want to be clear on something though ...my friendly challenge regarding a classic coin vs. a 25th anniversary coin should in no way suggest I believe these 25th Anniv sets are THE best place to park modern coin money today. If I thought that, I would not be selling so many of them myself right now. I like a number of different modern coins these days... some even more than these 25th Anniv silver coins. But, since these 25th Anniv silver coins are in the spotlight, I thought they could be used as a great demonstration to compare the percentage price movement on a sub-$1,000 modern coin vs. a sub-$1,000 classic coin. And, I also want to say that I believe a number of classic coins could possibly see nice % growth in 2012 so in no way do I believe my 25th Anniv coin pick is a "slam dunk" to win, but I would put it to the test!
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
The remark that the 25th set would be worth melt was an exageration. Please see the obvious. As far as the RP, I believe that it will tset the sub $300 price by the end of Jan. The set will still be close to $600. The sets were hyped and are still being hyped here. True the mintage is smaller than some. My 2001 Capital Visitor is about $1800 book value. Try and sell it. Dealers on these boards will only pay $600. My 2006 platinum $25 PCGS 70 will only get offers of $550. Look up their mintages. WELL below 10,000. Yet the 25th sets are 100,000?!! To the moon Alice. REALLY? It will take a couple years from the mint, unless an error is found to beat the 25th sets. But they are not the all to be in my mind. Gave away a few sets, receivers were happy. Loved seeing their faces! Thanks US Mint! Lets watch the pot stir. We all have our opinions.
You only live life once, enjoy it like it's your last day. It just MIGHT be!
<< <i><<< There aren't many safer investments for 2012 that will offer a 30% ROI. >>>
Yes, exactly. Tell that to all the people who bought these 25th sets/singles in the aftermarket just several weeks ago and are now losing their shorts. >>
Dragon, I respect your knowledge of the classics, but you seem to have a mad-on about these sets. People that get into something for the flip should do their learning or stay out of the flip (and then watch and learn), imho. The ones who bought in the aftermarket just several weeks ago, should know what they are doing too. They are taking a gamble that prices go up. Sometimes they win, sometimes they lose.
I think it is sad when people sit here on the forums and totally pump up an issue but I also think it is sad when people have to sit there and totally bust on them as well.
Nothing wrong if the price on the sets stabilize now, or go up. It is what the market bears. If the sets go up, will you come back on here and trump how they should be lower? That people should have bought more? That people are foolish for buying at whatever level it is?
I don't think anyone who bought them, for above mint issue price, should be losing their shorts as they should be using discretionary income to do it. If they aren't, then they have a different issue that they need to address.
I am all for protecting people from ripoffs and thieves, but something like this? I keep my nose to myself on things like this and don't try to tell people what the price should be.
"My 2001 Capital Visitor is about $1800 book value. Try and sell it. Dealers on these boards will only pay $600."
Ray: If the gold coin is a mint state problem-free specimen (i.e. MS69 or better quality) and you could ship it out to me tomorrow, I would pay you $1,500 for it. Are you in?
Wondercoin
P.S. It's like anything else .. you just need to go to the right place to sell your coins. If the coin was a MS66RB Indian cent, I would clearly be the wrong place.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< <i>The remark that the 25th set would be worth melt was an exageration. Please see the obvious. As far as the RP, I believe that it will tset the sub $300 price by the end of Jan. The set will still be close to $600. The sets were hyped and are still being hyped here. True the mintage is smaller than some. My 2001 Capital Visitor is about $1800 book value. Try and sell it. Dealers on these boards will only pay $600. My 2006 platinum $25 PCGS 70 will only get offers of $550. Look up their mintages. WELL below 10,000. Yet the 25th sets are 100,000?!! To the moon Alice. REALLY? It will take a couple years from the mint, unless an error is found to beat the 25th sets. But they are not the all to be in my mind. Gave away a few sets, receivers were happy. Loved seeing their faces! Thanks US Mint! Lets watch the pot stir. We all have our opinions. >>
Just fyi, I just took a quick look at FeeBay completed auctions for the CVS Unc. The last one to sell was a raw one in OGP on Dec. 22. It was a true auction. It generated 23 bid and closed at $1876.88 + $10 shipping. I encourage anyone looking to sell to dealers for $600 to just pm me. I'll gladly top that :-)
Comments
<< <i>Ok, what am I missing here? Ebay >>
Very Good Friends and Family
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>Ok, what am I missing here? Ebay >>
2 bid idiots... "a sellers dream"...., but one is going to be sorry.
<< <i>
<< <i>Ok, what am I missing here? Ebay >>
Very Good Friends and Family
Then the f+f should just pay up and avoid the fees.
<< <i>
<< <i>
<< <i>Ok, what am I missing here? Ebay >>
Very Good Friends and Family
Then the f+f should just pay up and avoid the fees.
maybe they are just helping him get the highest price possible until the right bidder comes along...
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>Why are there so many of the -S- mint and RP coins still available in the marketplace, it makes no sense......no sense at all I tell ya?
I mean we're supposed to have something like 4.7 trillion silver eagle collectors out there that absolutely MUST have the -S- and RP to have complete collections, a tiny mintage of just 100,000 coins, everyone and his brother with any business sense at all has already maxed out all their CC's, sold their house, cars, children and all personal property in order to hoard as many of the -S- and RP coins in 70 with the correct label, 1000's of speculators have held onto their sealed boxes of 5-sets, all SE collectors worldwide should currently be in a mad scramble to secure their -S- mint and RP coins for their collections at this low, low price, the modern dealers should now be sitting on literal warehouses full of these 2 key coins in both 69 and 70 for the future price explosion, and even people who don't even know what a silver eagle is are probably holding onto sealed boxes at the advice of their coin collecting friends............so why can I still go on Ebay and see 100's upon 100's upon 100's of these coins still for sale, sets in 69, sets in 70, raw, PCGS, NGC, singles, everything??
And my next question.........why has Heritage been dumping literally hundreds of the Mercanti sets in both 69 and 70 at what seems like bargain basement prices on Ebay over the past couple of weeks? I mean Heritage is the biggest coin dealer and auctioneer out there with very large financial resources and some of the sharpest coin people in the business working there....no? Didn't they get the memo these sets are going up up up in the future and now is the time to be buying and not selling? >>
Q 1> Simple, people want what they can't have, once they can have it (the flood) they no longer want it as much...
Q2. They make money by selling stuff, not holding it, kinda like the grocery store...
Well, just Love coins, period.
Have mine wrapped up for gifts. Some happy receivers soon. Just brushed off some of the older 20th anniversary brown boxes. Ho Hum!! Put them back in never never land again. See you in another 5-10 years. Maybe sooner if my heirs have to. Merry Christmas to all. And I REALLY hope these sets go to the moon. I'll still have mine. Ray
<< <i>I guess my estimate of $700 for raw sets at Christmas was a little off? Got chewed out for that guess too. Got to get out from behind the rosy glasses sometimes. Saying going to the moon en masse won't make it happen. PLEASE look at past historical figures to get estimates. Or, if you ask for one, listen to those that have been there before. Got to lighten up on these boards. We ALL would like a profit. Won't happen 100% of the time. Even for the BEST! Let's help keep each other based on this planet and take advice when asked. I still see below $600 in the near future.
Have mine wrapped up for gifts. Some happy receivers soon. Just brushed off some of the older 20th anniversary brown boxes. Ho Hum!! Put them back in never never land again. See you in another 5-10 years. Maybe sooner if my heirs have to. Merry Christmas to all. And I REALLY hope these sets go to the moon. I'll still have mine. Ray >>
Ray, did you miss the posts that had THIS[/L] one, sealed, FS eligible set? An anomaly, or a the bounce-back? My guess is the bounce-back.
Dan
<< <i>Ugh, I was hoping to see another 10% decline over the next two weeks so people will be dumping them at the FUN show. Fat chance I know, but hey I'm an optimist
I just hope prices stay where they are for weeks/months so I can continue to buy... >>
I'm with you there....though it could be that everyone is home for the holidays. Seems like a price rebound may be here based on what I'm seeing on the bay tonight.
I believe $580 was my lowest offer in recent times and I paid a board member a high of $750 as well during that time period as well. Interestingly, my current $670 posted offer on the BST board is nearly right down the middle of the high and low prices I had been paying over the past month or so for sealed FS eligible sets. If I had any idea where these sets will be going next, I could have avoided paying $750 at the high or bought twice as many in the low $600's just a couple weeks ago!!
Wondercoin
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>Graded sets seem to be creaping up a bit. Mercanti 69 sets are 700 and up. >>
And a few Mercanti 70s selling for more than 1500. Also there is about 800 listings but many with single coins. It should get interesting after the new year
I've had an NGC 2011 P Rev. Proof PF69 25th Anniv. Set ER listed as a BIN for two days now. It is the lowest price of the BINs for this issue. I have high resolution photos of the exact coin being sold, free shipping, a long track record of selling moderns, 100% pos. FB, all 5/5 DSRs, etc...
The coin is also super clean as can be seen in the photos. I have no idea why it got a 69 when, esp. considering how many get 70s. It was cherry picked yet got a 69 (the only one of my cherry picked coins that did). I know that if I re-submitted it I'd get a 70 but would loose the ER and it's not worth it.
Yet, several have sold in the past few days - both BINS and auctions - for more than mine. I know mine will sell shortly, but I just don't get it. Some which have sold have far less FB, poor or no pics of the actual coin, same return and shipping policy, etc. Just does not seem to make a difference. I've seen same phenomenon with multiple issues in the past, with both mine and other sellers coins.
My comments here are not so much about this specific auction, but this phenomenon in general. I'm just using this auction as an example. I've never been able to figure why FeeBay buyers don't shop around more for price. I certainly do. It just baffles me.
<< <i>I've been selling coins on FeeBay for nearly 11 years, yet understanding the psychology of many FeeBay buyers continues to allude me.
I've had an NGC 2011 P Rev. Proof PF69 25th Anniv. Set ER listed as a BIN for two days now. It is the lowest price of the BINs for this issue. I have high resolution photos of the exact coin being sold, free shipping, a long track record of selling moderns, 100% pos. FB, all 5/5 DSRs, etc...
The coin is also super clean as can be seen in the photos. I have no idea why it got a 69 when, esp. considering how many get 70s. It was cherry picked yet got a 69 (the only one of my cherry picked coins that did). I know that if I re-submitted it I'd get a 70 but would loose the ER and it's not worth it.
Yet, several have sold in the past few days - both BINS and auctions - for more than mine. I know mine will sell shortly, but I just don't get it. Some which have sold have far less FB, poor or no pics of the actual coin, same return and shipping policy, etc. Just does not seem to make a difference. I've seen same phenomenon with multiple issues in the past, with both mine and other sellers coins.
My comments here are not so much about this specific auction, but this phenomenon in general. I'm just using this auction as an example. I've never been able to figure why FeeBay buyers don't shop around more for price. I certainly do. It just baffles me. >>
I don't get it either. I've seen some pretty wild spreads on my ebay hunts over the last few days. My only guess is that there are impatient people who don't care about money and sometimes just hit BIN on the first thing that looks like what they want. This pains me because I too try my best to come up with a professional looking listing with much better photos than most and then get a lower price than someone who took shots with a camera phone. Though some camera phones are getting pretty good. To be honest, sometimes better photos reveal imperfections, and this may be part of my problem! (Not talking specifically about the 25ths but past sales.)
BTW--it appears Gold Mart still has 70 Mercanti sets for $1250. I haven't pulled the trigger yet but this price may be gone soon and it continues to taunt me.
<< <i>I am curious to know how much the regular sets will sell for without First Strike.
Second Strikes will likely be worth less.
My Adolph A. Weinman signature
<< <i>
<< <i>I am curious to know how much the regular sets will sell for without First Strike.
Second Strikes will likely be worth less.
I have 5 sets being graded ATS with the black "25" on the label. I figured that would at least add something other than the word "Set" to the label??? It's SO confusing with all the labels. I would call myself knowledgeable concerning the 25th sets (I've bought, graded & sold dozens of sets), and numismatics in general, and I still struggle when searching eBay. I'm pretty sure the novice collector is lost when it comes to the 25th Anniversary coins.
<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
LOL!!! Thanks, I needed a good laugh.
There's not a snowball's chance in hell that will happen. A quick check of eBay shows the 2006 20th set selling in PCGS 69 for around $400-500. This set has:
2.5x lower mintage
2 more coins
2x as many unique coins
The minimum I see a PCGS set selling for in the future once prices stabilize is at LEAST $900, or around 2x the 2006 set. To say that this set will sell for $150 at this current spot price is insanely ridiculous.
-Paul
<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
You must be confused. This is December 25th, not April 1. But, if that comes true, it will be true for EVERY US silver coin in existance. So, you had better dump everything you have.
On the other hand, it just come true if silver hits $10k per ounce.
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous"
<< <i><<< To say that this set will sell for $150 at this current spot price is insanely ridiculous >>>
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous"
Not by us who know the real value of NGC graded modern "junk." One of several reasons why I for one, would never purchase an NGC modern graded coin. Classic, yes.
<< <i>
<< <i><<< To say that this set will sell for $150 at this current spot price is insanely ridiculous >>>
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous"
Not by us who know the real value of NGC graded modern "junk." One of several reasons why I for one, would never purchase an NGC modern graded coin. Classic, yes. >>
I'll go one better, I won't buy graded coins from ANY TPG sight unseen without a return option-period. NGC is not the only service that can disappoint. Every single one of them can and do sometimes grade coins that don't live up to expectations. I have in the past and still do submit coins to both NGC and PCGS. I have some very nice toned Bust Halves in PCGS slabs and really like that they are in PCGS slabs and not NGC. When submitting my anniversary sets, I chose to go with NGC for them. My MS 70 grade through rate was 54%--certainly not outrageous and I'd bet a whole lot of money that there were orders graded by out esteemed host that had higher grade through rates than that. I bet some much higher. I remember a poster here claiming a friend had a bulk submission with PCGS of almost 20 sets with a grade through rate of 90+%. Sorry but I wont line up for the Kool-Aid.
<< <i><<< Not by us who know the real value of NGC graded modern "junk." >>>
Really? The first PCGS sets on eBay were the Mercanti labeled ones & I do not recall seeing any selling for $4k. The Flag labels got on board to late for any record breaking prices, but have taken the lead in current valuation.
<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
There are several of us on these boards who will buy every RP & S that comes on the market WAY before it gets down to "a couple of bucks over spot." In fact, sub $300 for 69's (PCGS and NGC) is very compelling and a few of us are dollar cost average purchasing now. There aren't many safer investments for 2012 that will offer a 30% ROI. The RP & S only need to get to ~$325 sometime before year's end to do so. Do you think that'll happen?
<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
Care to make a friendly wager?
Yes, exactly. Tell that to all the people who bought these 25th sets/singles in the aftermarket just several weeks ago and are now losing their shorts.
<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
And the Bears will beat the Packers tonight.
<< <i>
<< <i>I've been selling coins on FeeBay for nearly 11 years, yet understanding the psychology of many FeeBay buyers continues to allude me.
I've had an NGC 2011 P Rev. Proof PF69 25th Anniv. Set ER listed as a BIN for two days now. It is the lowest price of the BINs for this issue. I have high resolution photos of the exact coin being sold, free shipping, a long track record of selling moderns, 100% pos. FB, all 5/5 DSRs, etc...
The coin is also super clean as can be seen in the photos. I have no idea why it got a 69 when, esp. considering how many get 70s. It was cherry picked yet got a 69 (the only one of my cherry picked coins that did). I know that if I re-submitted it I'd get a 70 but would loose the ER and it's not worth it.
Yet, several have sold in the past few days - both BINS and auctions - for more than mine. I know mine will sell shortly, but I just don't get it. Some which have sold have far less FB, poor or no pics of the actual coin, same return and shipping policy, etc. Just does not seem to make a difference. I've seen same phenomenon with multiple issues in the past, with both mine and other sellers coins.
My comments here are not so much about this specific auction, but this phenomenon in general. I'm just using this auction as an example. I've never been able to figure why FeeBay buyers don't shop around more for price. I certainly do. It just baffles me. >>
I don't get it either. I've seen some pretty wild spreads on my ebay hunts over the last few days. My only guess is that there are impatient people who don't care about money and sometimes just hit BIN on the first thing that looks like what they want. This pains me because I too try my best to come up with a professional looking listing with much better photos than most and then get a lower price than someone who took shots with a camera phone. Though some camera phones are getting pretty good. To be honest, sometimes better photos reveal imperfections, and this may be part of my problem! (Not talking specifically about the 25ths but past sales.)
BTW--it appears Gold Mart still has 70 Mercanti sets for $1250. I haven't pulled the trigger yet but this price may be gone soon and it continues to taunt me. >>
Hi PF-
Thanks for your insightful post. I've had the same thoughts about my photos. In this case I thought that my pics would reveal what a clean coin that it is. Who knows. You so perfectly described my frustrations with this phenomenon. It's just incredible that people won't spend a few minutes looking over multiple listings to save, in some cases, over $50.
Merry Christmas,
R-
<< <i>
<< <i>in time the price will be the price of silver/ a couple bucks over spot >>
LOL!!! Thanks, I needed a good laugh.
There's not a snowball's chance in hell that will happen. A quick check of eBay shows the 2006 20th set selling in PCGS 69 for around $400-500. This set has:
2.5x lower mintage
2 more coins
2x as many unique coins
The minimum I see a PCGS set selling for in the future once prices stabilize is at LEAST $900, or around 2x the 2006 set. To say that this set will sell for $150 at this current spot price is insanely ridiculous.
-Paul >>
The 95W has settled a bit higher than a few bucks over spot as well :-)
My Adolph A. Weinman signature
<< <i>
<< <i>
<< <i><<< To say that this set will sell for $150 at this current spot price is insanely ridiculous >>>
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous"
Not by us who know the real value of NGC graded modern "junk." One of several reasons why I for one, would never purchase an NGC modern graded coin. Classic, yes. >>
I'll go one better, I won't buy graded coins from ANY TPG sight unseen without a return option-period. NGC is not the only service that can disappoint. Every single one of them can and do sometimes grade coins that don't live up to expectations. I have in the past and still do submit coins to both NGC and PCGS. I have some very nice toned Bust Halves in PCGS slabs and really like that they are in PCGS slabs and not NGC. When submitting my anniversary sets, I chose to go with NGC for them. My MS 70 grade through rate was 54%--certainly not outrageous and I'd bet a whole lot of money that there were orders graded by out esteemed host that had higher grade through rates than that. I bet some much higher. I remember a poster here claiming a friend had a bulk submission with PCGS of almost 20 sets with a grade through rate of 90+%. Sorry but I wont line up for the Kool-Aid. >>
Sorry to the posters who missed out on sets from the Mint.. hoping now ,to talk down the price of the 25th set. $$$150.00 will never happen unless a collapse of the USA economy...prices are very attractive for some of the 25th pieces
<< <i><<< There aren't many safer investments for 2012 that will offer a 30% ROI. >>>
Yes, exactly. Tell that to all the people who bought these 25th sets/singles in the aftermarket just several weeks ago and are now losing their shorts. >>
WOW Dragon you are telling us that people that are impatient got hurt? Last time I checked thats true of about everything. Dont see any comments from you about the people that bought at $300 a set a month ago. Dragon regardless of your willingness to see the obvious most of the growth in coinage is in moderns. Most of the price growth indexed to inflation is in key date moderns.
Go index all the all the PCGS classic coin market segments to inflation for the last 15 years and see the real term performance of the material you like. Other than a few $100,000 plus mega coins classics growth indexed to inflation or gold is DEAD because the series are mature. Classic coins also have demographic problems that even Bowers is worried about. Excessive aging of classic collectors and the potential for shrinking collector bases for the old series.
I started out collecting classic coinage as a small child in 1980 but I dumped the classics when I started looking at the growth cycles of series. Others that have limited budgets and would like to see their collections perform well have moved on to the best modern material just like collectors that were active and had foresight in the 1906 to 1936 era were buying key new material as fast as they could identify it. It looks like you are not willing to consider or cherry pick the best material that the Mint is offering in your generation. Looking through coinage history passing over your generations super "moderns" is normally an error.
One of the better moderns dealers and one of the more competent collectors on the West Coast is Wondercoin. It sounds like you know him. Have you talked to him about very serious moderns that are the equal of buying Pan Pac slugs in 1920? If you dont like silver Eagles or think they are over priced then what are you looking at? Are you stuck completely in the past?
Eric
<< <i><<< To say that this set will sell for $150 at this current spot price is insanely ridiculous >>>
Really.....insanely ridiculous??
What I see as insanely ridiculous was the individual who paid nearly $4000.00 for the first NGC graded '70' set on Ebay just several weeks ago. Now imagine that individuals response at the time if you told him his NGC '70' set would fall in value a whopping 75% or so in the coming weeks? The response may have been "that's insanely ridiculous"
I don't like to pass judgement, but anyone with a lick of sense who didn't just buy their first coin knows pricing for almost every new issue will fall after the first few weeks on the market. Either they wanted to be the first on the block to have it or just have the means not to worry about price. The fact the jacked up pricing has settled down should not surprise anyone.
Fred, Las Vegas, NV
Listen, one of the greatest classic coin dealers out there (and let me say it was not Legend) ... not to be named ... the other day I made a similar offer to that which I made to Dragon last week. I essentially said he or she could pick any coin out of their existing available classic coin inventory and I would pick (1) coin in (1) grade from the 25th Anniv set and we could monitor the value of my pick vs. his/her pick over the next 6-12 months (and the % increase of each pile). My bet was simply that my modern selection from the 25th Anniv. set would outperform any classic coin currently available in that inventory for classic coin collectors to purchase on a percentage basis. And, on top of that, the coin I would be selecting would have already increased about 100% already in 45 days from mint issue price (and my profit would be measured from today's value already higher by about 100% from just 45 days ago)! I could not get he/she to "play"; just like I could not get Dragon to play (other than him selecting a widget tied to the price of spot silver).
Now, I love collecting coins as much as the next guy, and have many collections where I have not sold virtually any coins from the set for years (and in a few cases decades). I have plenty of classic coins in my collections including a nice pattern Liberty nickel collection in the registry and (according the PCGS now) one of top silver Washington quarter collections (it was considered a modern collection when I started it, but PCGS now says it is classic). I also have plenty of modern coins in my collections ... plenty of them. It is not specifically tied to classics by any means ... I have BOTH classic and modern collections that have performed poorly over the past 5-10 years. I keep these coins because I greatly enjoy owning them ... I have no delutions of grandeur with these coins' performances. I know in my heart they will nearly all perform poorly as compared to the select modern coins that I can target for potential future "promotions" or those modern coins simply being ignored by the masses of collectors today (where I believe the next generation of collectors will not have the same "tunnel vision" towards these coins) and where there is a bullion play on the coins as well ... even better! Heck, Eric wrote a book with a roadmap towards some of these future treasures I believe! I may not agree 100% with what Eric has to say and he may not agree 100% with what I have to say, but, we certainly agree with a decent sized piece of what each other is saying about specific modern coins.
I do want to be clear on something though ...my friendly challenge regarding a classic coin vs. a 25th anniversary coin should in no way suggest I believe these 25th Anniv sets are THE best place to park modern coin money today. If I thought that, I would not be selling so many of them myself right now. I like a number of different modern coins these days... some even more than these 25th Anniv silver coins. But, since these 25th Anniv silver coins are in the spotlight, I thought they could be used as a great demonstration to compare the percentage price movement on a sub-$1,000 modern coin vs. a sub-$1,000 classic coin. And, I also want to say that I believe a number of classic coins could possibly see nice % growth in 2012 so in no way do I believe my 25th Anniv coin pick is a "slam dunk" to win, but I would put it to the test!
Wondercoin
<< <i><<< There aren't many safer investments for 2012 that will offer a 30% ROI. >>>
Yes, exactly. Tell that to all the people who bought these 25th sets/singles in the aftermarket just several weeks ago and are now losing their shorts. >>
Dragon, I respect your knowledge of the classics, but you seem to have a mad-on about these sets. People that get into something for the flip should do their learning or stay out of the flip (and then watch and learn), imho. The ones who bought in the aftermarket just several weeks ago, should know what they are doing too. They are taking a gamble that prices go up. Sometimes they win, sometimes they lose.
I think it is sad when people sit here on the forums and totally pump up an issue but I also think it is sad when people have to sit there and totally bust on them as well.
Nothing wrong if the price on the sets stabilize now, or go up. It is what the market bears. If the sets go up, will you come back on here and trump how they should be lower? That people should have bought more? That people are foolish for buying at whatever level it is?
I don't think anyone who bought them, for above mint issue price, should be losing their shorts as they should be using discretionary income to do it. If they aren't, then they have a different issue that they need to address.
I am all for protecting people from ripoffs and thieves, but something like this? I keep my nose to myself on things like this and don't try to tell people what the price should be.
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
Ray: If the gold coin is a mint state problem-free specimen (i.e. MS69 or better quality) and you could ship it out to me tomorrow, I would pay you $1,500 for it. Are you in?
Wondercoin
P.S. It's like anything else .. you just need to go to the right place to sell your coins. If the coin was a MS66RB Indian cent, I would clearly be the wrong place.
<< <i>The remark that the 25th set would be worth melt was an exageration. Please see the obvious. As far as the RP, I believe that it will tset the sub $300 price by the end of Jan. The set will still be close to $600. The sets were hyped and are still being hyped here. True the mintage is smaller than some. My 2001 Capital Visitor is about $1800 book value. Try and sell it. Dealers on these boards will only pay $600. My 2006 platinum $25 PCGS 70 will only get offers of $550. Look up their mintages. WELL below 10,000. Yet the 25th sets are 100,000?!! To the moon Alice. REALLY? It will take a couple years from the mint, unless an error is found to beat the 25th sets. But they are not the all to be in my mind. Gave away a few sets, receivers were happy. Loved seeing their faces! Thanks US Mint! Lets watch the pot stir. We all have our opinions. >>
Just fyi, I just took a quick look at FeeBay completed auctions for the CVS Unc. The last one to sell was a raw one in OGP on Dec. 22. It was a true auction. It generated 23 bid and closed at $1876.88 + $10 shipping. I encourage anyone looking to sell to dealers for $600 to just pm me. I'll gladly top that :-)
Linky