Thread: 25th Anniversary Silver Eagle Set PRICE WATCH

Indeed I wouldn't sell mine for $1000 each either right now although mine are still in a sealed box. I think people underestimate this set and are comparing it more to the 20th anniversary set as far as value, but the mintage is far less on the 25th set.

Certainly the melt value of silver was much less 5 years ago, but I believe the 20th set sold for $100 per set, and is now valued at roughly $325~ for a raw set. That is for a set with a mintage 2.5x higher then the 25th set. Say this set appreciates roughly the same as the 20th set at approx 3.5x issue price that puts raw sets at approx. $1050 per set, and that does not even factor in the lower mintage.

Also a quick scroll through the Ebay completed listings shows that NCG/PCGS graded sets of MS/PF70's have recently sold for between $1500-$2200, or 15x-22x issue price. Translate that to the 25th set and the MS/PF 70 sets would be worth $4500-$6600 EACH. Now do I think they are going to get that high? No. But I believe as the supply dries up (which it will) we will see a fairly significant price increase in the 25th Anniversary set, regardless of any future releases from the mint. They only made the 2011 for 1 year, and only made 100,000 of em.

Get 'em while you can~

$.02
J

Originally Posted by Irish2Ice

But Clint, collectors always want one from each year. 2011 will always be the first 5-coin set and the 2012's look to be a 2 or 3 coin set. I don't see 2012 affecting these much at all.

The ATB coins, even the collector ones, have proven this to be an incorrect assumption.

Originally Posted by fatima

The ATB coins, even the collector ones, have proven this to be an incorrect assumption.

huh?

ATB coins , even the collectibles were a brand new series or essentially bullion coins which came out while silver was at a 30 year peak. They are still holding relatively the same values since the prices settled down, even though silver is $10-$15/oz less then at issue price. Plus you are talking about a series in which the design of the coin greatly affects the overall demand, ASE series are all the same design with only changes in the finish of the coins and the DATE so the comparison to the ATB series really makes no sense at all. The ASE series is a 25+ year program with several commited collectors, if not noone out there would pay $3000+ for the 1995 w Proof, or $325 for a 20th anniversary set.

The demand is there, if you see it or not is up to you, but from what I have read in your posts you think the ASE series is just bullion and IMHO you just don't get it.

Originally Posted by fatima

The ATB coins, even the collector ones, have proven this to be an incorrect assumption.

Agreed. I have no interest in going back and getting a 2006 RP at $200+, but I sure will max out with new issues, and I'm very deliberate and cautious with puck purchases. I've seen firsthand opened raw sets netting $625 in Jan and Feb. Closed box? I won't speculate.

ETA: Oh, and obviously these ASEs aren't "just bullion," however I think it's worth calculating how many multiples over spot $1,000 per set indicates. Also, nobody can say exactly what premium to assess, when looking at the value of where 100,000 mintage sits between 35,000 and 250,000. It's certainly not simply a third the value of the former, nor 2.5x the latter.

>>>The demand is there, if you see it or not is up to you, but from what I have read in your posts you think the ASE series is just bullion and IMHO you just don't get it.<<<<


He seems to know bullion better than most at this site....I live in a County of 100,000 people and have never meant a person who collects ASEs, just a hand full of PM stackers, we don't even have a single coin store in this county.....With websites like this it creates a false perception of things and creates a hype that doesn't exist outside of the message board community, people tend to see the message boards they post at as the center of their universe. Coin and bullion collection is a very slow and boring hobby that goes years without anything new that has true collecabilty, people at this site are desperate to creat hype out of nothing. You'll understand if you ever take your coin collection that you have spent 100k on and try to sell it as a group lot and can't get 10k for it.

There are people that also pay 10k for a collection that sell them for 100k.
Your a glass is half empty guy.
Others are a glass is half full type.

Originally Posted by Guano

I live in a County of 100,000 people and have never meant a person who collects ASEs, just a hand full of PM stackers, we don't even have a single coin store in this county.....With websites like this it creates a false perception of things and creates a hype that doesn't exist outside of the message board community

Guano it works both ways.
A small county of 100,000 people with no coin stores or coin clubs or coin collectors creates a false sense that there is no one that would pay a premium for numismatics.
:P

No, I read this forum and eBay, my perception is pretty bias free.

Originally Posted by Guano

No, I read this forum and eBay, my perception is pretty bias free.

And we don't all just read this forum so our perception is pretty bias free too.
Just saying the world is not all so black and white.

Now back to Price Watch!!

Anyone see any action or sell or buy any of these coins recently?

Guano, Guano.........still speakin' guano.

Was I speaking the Guano when I called exactly what would happen with the ATB pucks? I don't go into threads about old numismatic coins and tell people what's going to happen because I don't know much about the topic, but I am an expert on modern collectables and bullion and will never have to work a hard day in my life because of it. My opinion on the set has changed a bit since I first posted in this thread but not much.

By the way, a few posts ago a comparison was made to the price history of the 20th anniversary set and it said the set goes for $325 or so... that is no longer the case.

In the past few months, the prices of these sets have jumped significantly, likely due to the popularity of the 25th anniversary set as people now go back and try to get the 20th anniversary set they may have missed. The price of the set in the Greysheet is now over $400 for that set and dealers at shows are asking around $450 for these sets, raw!! That's quite a jump in just the past few months, considering there was relatively little price movement in the past couple of years on the set.


For the 25th anniversary set, it's hard to believe folks are paying $900 or so for a sealed up set when the value of an already graded 70 set isn't that much more... especially once you factor in the grading fees and odds that you won't get a 70 grade anyways. I've had a couple of NGC 70 sets available for $1200 each and no one has bitten yet... but they keep buying up the sealed up sets for roughly $900 each. Figure that it costs at least $100 to get a set graded and there's maybe a 50/50 shot you'll get a 70 back on each coin and I just don't get why these sealed boxes are so hot.

The only thing I can think of is that it's the big telemarketers buying the sealed up sets so they can get them off to ANACS who will just slap 70 labels on them for a price. Then they can put the "perfect" sets on TV at such a large price it dwarfs the seemingly high prices paid for the sealed boxes. Or maybe some people are just speculating that prices will keep going up and they're buying stock now... but it would seem to make more sense to load up on sets already graded perfect if that were the case.

I sold a sealed box of 5 sets to a "local" dealer (had to drive a little over an hour to get there) yesterday for $3600. I saw them going on eBay for around $4200 so I figured it was almost a wash with the fees. I think these sets have a lot of long-term upward potential, but I did not want to be too greedy so I decided to take the money and run. (These were actually a friend's box so we still have my 5 - we will each take two sets and then sell off the fifth set in pieces, since the wooden display case was in smashed into pieces during shipment) .

The funny thing is, this dealer had no intention of holding onto the coins - he was going to flip them to someone else, with both of them making a profit. So, for those who say that it is all hype, you will have a hard time convincing me once the check clears. I did also see the other side of collecting modern coins, though - he sold me four 1980 proof sets I needed for a project for THREE DOLLARS each! (These have $1.91 face value in them). He gets them in when he buys large collections and then just dumps them to other dealers when he builds up a supply.

By the way - I am not sure that many coin collectors advertise their hobby to strangers or even to friends. There are probably more out there than some people might think. The market for Silver Eagles seems solid to me, even if other modern issues have mixed track records.

Originally Posted by Guano

>>>The demand is there, if you see it or not is up to you, but from what I have read in your posts you think the ASE series is just bullion and IMHO you just don't get it.<<<<


He seems to know bullion better than most at this site....I live in a County of 100,000 people and have never meant a person who collects ASEs, just a hand full of PM stackers, we don't even have a single coin store in this county.....With websites like this it creates a false perception of things and creates a hype that doesn't exist outside of the message board community, people tend to see the message boards they post at as the center of their universe. Coin and bullion collection is a very slow and boring hobby that goes years without anything new that has true collecabilty, people at this site are desperate to creat hype out of nothing. You'll understand if you ever take your coin collection that you have spent 100k on and try to sell it as a group lot and can't get 10k for it.

So the only people that WANT and are BUYING 25th anniversary American Eagle sets are on message boards?

wow........