2011 25th Anniversary Silver Eagle Set

I'm buying.

 

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The part that worries me is the implication that they may produce more than 100,000. Although Jello's article says:

"Tom Jurkowsky, director of the U.S. Mint’s Office of Public Affairs, said Oct. 12 that the production of the coins at the West Point Mint in New York, the San Francisco Mint and the Philadelphia Mint was sufficient to satisfy the maximum release of 100,000 sets."

I guess there could be alternate interpretations of the comment.

Still, I figure they don't ship until late November. So, I buy 5 sets and then if they do start producing more, I'll cancel out on 4 of them.

 

There's something about this set that I don't believe anyone has brought up. Look at the picture of the supposed set the mint has posted on their website. It looks like a cheap, plastiform, piece o' s, doesn't it? I've only bought a few nicer mint offerings and my boxes don't look anything like the mint's picture, the newer ones were wood. I guess the Marine Corps commem and the Old San Francisco Mint commem boxes looked similar to the picture, though. Oh well, just my mind playing games again. Then I reread the mint's early presser and get doubts all over...
"All five coins are encapsulated and packaged in a single custom-designed, highly polished, lacquered hardwood presentation case and accompanied by a Certificate of Authenticity."

 

Well all things considered i'm not that worried about the box, but if it is even half as good as what they did for the 2009 UHR double eagle i'm sure it will be stellar.

 

Throw these five coins in a gunny sack and I'm still up for 'em.......

 

The value is not in the box! Buy the Coins for the Value in the Reverse Proofs :hail:

 

Michael White at the Mint just called me back, he said the price has not been determined and he’s sorry about the error in posting the $229.95 price. When I asked him about the 100k limit, he mentioned the press release and read from it. I pointed out that the ad does not state the 100k limit and he said he’d pass that on to the marketing people. I asked him if the ad would be updated to a limit of 100k and he restated what he said before and would not commit to saying it will be updated.

 

Was hoping someone could help me out with a question regarding the packaging of the 25th Anniversary sets. If I want to buy the max 5 sets and have a couple graded and a couple to open for my kids to look at, will I have to order them individually since the grading companies require them to be sealed in the Mint packaging? I wasn't collecting back in 2006, how did they package the 20th Anniversary sets? I'd just hate to have to go through the ordering process 5 times since I anticipate it's already going to be a long day just trying to get one order through.

Thanks!

 

The mint has a variety of "one size fits all" shipping boxes so if you order 5 sets they will more than likely come in one box. I don't think there's a way around your dilemma, other than having another family member order some sets too. I wouldn't recommend you (individually) trying to place two orders on opening day. Then again if there isn't a sellout, you could always order a few a day or two later

 

The guy sounds like a politician.......

 

politician... bureaucrat... both equally useless

 

Yep! He's the PR guy, been trained good to not commit or pass it off. I also suggested to him that the 229.95 price was based on silver in the $30 range and that 229.95 would hold if silver did - wouldn’t commit to that either. Guess we’ll know when they want us to know.

 

If history is an indicator, in August of 2006, silver was trading at $12.50 and the coins in the 20th anniversary set sold at $100.00 or about 2.5 times the cost of silver. If you apply that to today's silver price, we are looking at a cost per set of around $375.00.

I think there's a lot more than just the cost of silver that goes into the pricing. Just like any other business, there is the cost of goods, marketing costs, labor and benefit costs, machinery costs and profit. I'm not trying to be a wet blanket; I'm saying the price on the Mint's website is far from realistic. Denial is more than just a river in Egypt.

 

I hear what you're saying, but actually the Mints "Strategic Plan" calls for a 15% profit to go to the taxpayers. At $229.95 they're probably darn close to that profit even after all the costs you mention. If they can price the 5oz p atb's at 229.95, what is there $10 more in cost for the 5 eagles.

Anyway I know you all will order as many as you can at whatever price the Coin God deems, but not me, if the price is significantly above 229.95, I'll order one and none if it's above $300. I'll order extra 5oz. p's which I think have far better potential down the road when/if they catch on.

 

I doubt if it works on multiples. I imagine they look at their hard costs, (silver blanks and packaging), labor costs, overhead, and then add 15% to that. The silver blanks may have more than doubled, but the rest of the costs shouldn't have. I honestly do not know how many coins were in the 2006 set of I could give you my pricing guess.

Chris

 

Can anyone confirm that these can only be graded by a TPG if the set is sealed? What if I just wanted to get the reverse proof and S mintmark graded? Not possible?

 

There were three coins in the 2006 set: uncirculated, proof and reverse proof. You can buy this set today for about $350.00 raw. The reverse proof is about $200.00 by itself, in a 69-grade. The other 2 are about $75.00 each in a 69-grade.

 

I'd check with your TPG'er as requirements change. The last I heard, there's no requirement for a sealed package to have them graded. But, if you want a "first strike" designation, the package must be sealed and dated a certain date.

 

You're not in Kansas anymore.........

 

It looks like the average price on ebay for the set on a "buy it now" basis is $550.00. Do they know something we don't?

Also, the uncirculated-s is being sold separately at $300.00.
http://www.ebay.com/itm/PRE-SALE-2011-S-SILVER-EAGLE-25TH-ANNIVERSARY-5-COIN-SET-MINT-FRESH-/220877125316?pt=Coins_US_Individual&hash=item336d4d76c4