2013 West Point ASE set

Discussion in 'Bullion Investing' started by PeacePeople, May 9, 2013.

  1. Fall Guy

    Fall Guy Member

    Assuming pricing is the same would you go with a PCGS 70 set w/flag holder or NGC 70 set in the black retro holder? Talking future resale value. Opinions?
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  3. dave92029

    dave92029 New Member

    Then many people learned that the coins sold on the secondary market in the OMP, were the ones not worthy of being sent in for grading. Many stopped buying OMP in the secondary market because they were unable to inspect the coin prior to purchase, and didn't want to buy a reject.
  4. dave92029

    dave92029 New Member

    The paper holder doesn't add any value to a graded coin. If someone is collecting PCGS graded coins that is what they will continue to buy, If they are collecting NGC then they will buy a NGC graded coin regardless of the paper holder. I doubt that a collector will create a "mixed set" of both PCGS and NGC graded coins. My guess is that a "mixed set" would have much less value than a set with uniformity. Just my guess. I have never seen a "mixed set" up for sale.

    Buy the coin not the paper holder.

    If you feel one of the new labels is "cool" then buy it because you like it, it will not make any difference in the value of the Coin.
  5. Fall Guy

    Fall Guy Member

    I always buy coins that I like, raw or slabbed. I am not a slab collector however. The reason for the question was for future resale value and what the so called slab collectors would be more inclined to buy.
  6. green18

    green18 Sweet on Commemorative Coins Supporter

    See? That's the problem. Right away (now) everyone assumes that if you've got an OGP set it wasn't worthy of grading. Not everyone collects graded sets of coins and not all collectors have their coins graded. The TPG's love this mentality because it brings in more business........
  7. dave92029

    dave92029 New Member

    The issue with OMP is selling the coin to a buyer who is unable to physically inspect the coins and verify their quality. Photos are not a reliable means of "seeing" the quality, and very often the buyer and seller are not able to meet for a physical inspection. Thus more participants in secondary market transactions are depending on an independent third party to verify that the quality and authenticity of the coins in a transaction.

    The grading companies provide a valuable service that has made the secondary coin market very liquid and competitive. I doubt that eBay or many of the other internet dealers with all their coin transactions each day would exist without the grading companies.

    Without the grading companies you would have to depend on your local dealer and what they grade your coins.

    I feel that the grading companies have provided a much more level playing field, and liquidity to my coin collection.
  8. green18

    green18 Sweet on Commemorative Coins Supporter

    I agree to a point Dave. However, with moderns, such as the 2013 eagles, I can usually depend on the mint for high grade examples and if I happen to miss an item I'm pretty much assured of picking up a high grade, pleasing to look at, specimen in the aftermarket. Most modern mint products tend to grade between '67 and '70 and I'm a pretty easy guy to please because I don't need the penultimate high grade in coins.
  9. dave92029

    dave92029 New Member

    Grading reports are used for buying and selling expensive items in the secondary markets where physical inspection can not be done easily done.

    Grading reports are also needed when collecting expensive items. Low value items don't need or can't justify the expense of a grading report.

    I know I will not live for ever, and when my family looks at my coin collection I want then to know what they are looking at, and what it's worth.

    Too many dealers offer spot, or below, to uninformed people who try to sell them coins. A graded coin in a slab is much easier to get a fair price than a OMP coin.

    If your collection is only for your enjoyment, and not very valuable, then I agree do not grade your coins.
  10. green18

    green18 Sweet on Commemorative Coins Supporter

    Perhaps not very valuable, but priceless to me, Dave............:)
  11. dave92029

    dave92029 New Member

    Oops! That didn't come out right. Sorry about that. You probably have a larger stash than me.

    I was trying to say that I feel grading makes more sense when building a collection, rather than one or two coins. A very rare and expensive coin would also make sense to grade.

    If someone is buying an ASE set, because it is attractive, rather than part of a collection, then I wouldn't go to the expense of grading just a few coins.

    If someone is primarily a bullion investor and only buys a numis coin because the set looks good to them, then I wouldn't bother either.

    My intention in using the word "valuable" was a set of coins that are worth more because the series is together.

    I should just go back to lurking...
  12. Cochisz

    Cochisz Chief coin collector

    Lurking is good,but your opinions are valuable and much appreciated
  13. SILVER E C-C

    SILVER E C-C Junior Member Supporter

    I like graded coins because they are easily stored in a safety deposit box (less space) - that said. Just because a coin is graded don't mean anything, how many graded 69 and 70's have you seen with them ugly milk spots. In a case like that a clean OGP set is far better, I personally will not buy a silver eagle with any type of spot on it.
  14. green18

    green18 Sweet on Commemorative Coins Supporter

    No back peddling allowed dear David, your observations and assessments are most worthy indeed. It would be a pity if you went back lurking. We'll not allow it.........:)
  15. yakpoo

    yakpoo Member

    :lurker:

    ...not cool...must join in! :cheers:
  16. sodude

    sodude Well-Known Member

    So, what's the best option for flippers?

    a) Send them to NGC or PCGS. The set plus grading and shipping will have cost you $175-180. If you get a 70 set and sell it on ebay for $289 (MCM current price), you'd get back $265. But you'll lose a little on 69 sets.

    b) Try to sell them in the sealed box to someone who ordered too late for First Strike.

    c) Cancel your order.

    d) None of the above.
  17. theSharpGun

    theSharpGun The King

    C. Makes our sets a tiny bit more valuable :devil: haha
    No jk, If I were you I'd just avoid trying to flip em all together. Too much risk factor and you'll probably end out losing out. Good luck with whatever you decide to do.
    -TSG

  18. statequarterguy

    statequarterguy Love Pucks

    Cancel the sets you planned on flipping, odds are you’ll lose on them. Keep the sets you want for your collection.
  19. Silver Striker

    Silver Striker Senior Member

    JUST RECEIVED ORDER UPDATE

    Item: S40 Qty: 3 Exp Ship: 7/02/13
    2013 AM EAGLE SILVER 2-COIN SET (WP)


    Just did an online order check. Reads...

    2013 AM EAGLE SILVER 2-COIN SET (WP) 3 $139.95 $419.85 3 units backordered. Expected to ship on 06/17/2013.
  20. rickmp

    rickmp USDA PRIME Supporter

    I just received the same email.
    My original ship date was 6/17, too.

    Is the mint having problems producing these?
    Will there be errors to be found because of production problems?
  21. mikev

    mikev Member

    Mine was expected to ship on 6/17 as well. Got a different email this morning:

    Item: S40 Qty: 1 Exp Ship: 7/02/13
    2013 AM EAGLE SILVER 2-COIN SET (WP)

    Couple of weeks later.

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