25th Anniversary Silver Eagle Set -- Buy On Offering Or After-Market

What do you think now, Don?

 

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In for max x2. I'm going to cherry pick the sets and toss the rest on the bay to make profits at the same time keep a set of two.

 

So the OP's question is unanimously answered: Buy these from the Mint! Agreed.

x2 max sounds like a good level. I need a second card/name/address to do that. It might be worth the effort too.

My more immediate concern is even getting x1 max during the impending site crash this release will cause. Busy tone phone calls and 'site busy' http: replies might form the perfect storm.

 

I know for one thing I will want the whole set. The pieces are likely to become rare in the future, the rev. proof of 2006 had 250k minted and goes for $225+ in PF69, 400+ in 70, so what sorts of prices will a 100k mintage garner?

 

2011 25th Anniversary Set

Provided that this set is released by th U.S. Mint, the set should be considered a profit by any means. Contingent upon the price sold, by the U.S. Mint, will determine secondary market value. In all reality, you can at least calculate, "double" what you originally pay, "Provided the world is still here". What makes this set valuable is the uncirculated S coin; only included with this set, and the reverse proof; only contained in the set. Purchase the whole set, not individually.

 

Ya think?

 

Does the mint pre-announce things like this? (I'm trying to find the best way to know when I can place an order.)

 

They'll let us know somewhere along the line.....

 

Whole set, from the mint, with the box 'n all! My vote, and my plan.

 

As of now, I would tend to believe that this set may be delayed, or "temporarily" suspended, due to the unstable metals market.

 

2.7 x spot??? Who was it that said The Mint doesn't gouge?

 

State quarter Guy (25th Anniversary)

That was then, this is today. Your semi-thesis, is realistic in the realm of reality. However, you have equated your figure with percentage issues, adjusted to the premium expected. This, very well could be somewhat unrealistic, due to the declining of silver. If you have read my recent 'thread', I "estimated" the set at $279.95, "including the wood box"; really! I also made mention that silver would decline prior to the release of this set, in which it did, significantly. This, by no means would be an excuse for the U.S. Mint to lower cost, but the U.S. Mint must stay in certain boundaries. The bottom line is that there is a limited number of sets being produced, the U.S. Mint knows who the "collectors" are (players), and for that specific reason, I would imagine everyone paying a premium. They are in the business to make money. I have also stated in my prior thread that silver would increase after the issue of this set, yet to be realized or seen. Anyways, let me present a question to you. Just a thought, only a thought. Is it at all possible that the U.S. Mint will suspend indefinitely the production of the silver proof, and uncirculated eagles, if the metals remain low, below, i.e. (market)? Also, have you ever heard of the U.S. Mint stopping production of certain coins, (such as the 2011 eagles), and 'melt' the remaining sum? I equate this,as to a market that is not able to increase in value. A reply would be most appreciated.

 

Spot prices are for 5000 ounces of Silver. What do you think is a fair price for the Mint to charge for single hand stamped coins of 1 oz each with special unique dies if you think 2.5x spot is price gouging?

 

> Fatima

I believe that your directed question should have been presented to "state quarter guy". He was the person speaking of 2.7 over spot. Your answer does not pertain to my question. To my knowledge, I have not heard of 'hand stamped' coins. All dies are made by the engraver, and you should know therest of the process. At any length, the U.S. Mint, in all reality, charge what they wish. I really do not believe anyone would question the price, especially the 'collectors'. There may be some grumbling regarding price, but we will still purchase, would we not?

 

Do we know what day the set is coming out?

I may even have enough saved up to buy it on my own and not get it as a gift, I want to be sure I get it from the mint, not another seller.

 

@ Phdunay- I believe that this set may temporarily be suspended. However, this is only an assumption, on my part. There certainly could be a 'delay', due to the extreme swing of silver. Otherwise, I could only believe, that the U.S. Mint will wait as long as possible, for prices to escalate. This has relevant bearing on the silver proof eagles, and uncirculated (w) silver eagles. No one anticipated what would occur prior to the release of this set. In any sense, the U.S. Mint is sort of in a bind to re-price the proof, and uncirculated silver eagles. This is someting they will have to compromise on, without pricing the five-coin set at an extravagant cost. Irrespective of this, as I have stated in my previous threads, 24-48 hrs.

 

My apoligies as I assumed people knew how proofs were made. By hand stamped I mean they are manually fed into the stamping machine and it's manually operated. The coins are struck more than once. For gold proofs its white glove handling. Making a proof coin is an expensive process. I didn't mean they had bare chested brutes swinging at blanks with mallets as they did in ancient times.

It should not be assumed these coins are going to go anywhere near spot price.

 

fatima- Well aware of the process, including the dyes. You very well could be correct, in that these coins will not be near spot. However, at this time, you must agree that the U.S. Mint has placed themselves in a 'spot', regarding the re-pricing of the proof, and uncirculated (w) eagles. What is their plan on re-pricing, which will have to be uniformally structured, so as that they will continue to sell the aforesaid coins? A little tricky, wouldn't you say? Seeing that your on the phone, have you ever heard of the U.S. Mint "melting" the remainder of 'certain' coins, due to market volatility of metals?

 

There is already a structured plan for pricing Gold, etc. products. They just need to move silver into the same sort of methodology. There really isn't anything difficult about it. For numismatic products there is enough leeway.

In regards to melting coins, I've never seen document proof of this in regards to Silver Eagles. The Mint does not manufacture it's own blanks so I'm not sure what melting down coins gets them. It also doesn't make sense in regards to the logistics of how the coins are actually sold.

 

@ Fatima- I have heard such things pertaining to gold, but not silver. Can only imagine that gold is far more valuable than silver. To structure silver in the same framework as gold, would be very difficult. I'm sure that the Mint has already "hammered" out uncirculated (w) eagles sitting on the shelf. I believe you may have misconstrued my question. You must agree that the 'blanks' have already been cast as uncirculated (w) eagles, waiting for distribution. really no cost associated with this, except for paying the engraver. This is a trivial aspect to the Mint. What I am asking is, " Seeing that the eagles are already processed, (if you agree) and the market continues (silver) on a downward trend, any chance of the eagles just beoing placed back, to be refined . In other words, production, "halted".