2011 25th Anniversary Silver Eagle Set

I love their ads, "We only have 500 PR70's of this special limited edition that we were only supposed to order 5 of, so better hurry". I also wonder how they get so many top grades. I quess it wouldn't be hard to make a "special run" for their best customers. This appears to be what the mint did for the them for the Hot Springs quarter.

Anyway, I hope we all get at least one from the Mint, getting screwed once on Thursday will be enough for me.

 

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A local dealer tells me that the grading services (top tier included) will guarantee a certain number of MS70's from a sealed ASE monster box. If true, that should make anyone think twice about how the services run their businesses.

 

Had a feeling you were......

 

This will indeed be fun but I ain't bettin' the ranch on it........

 

I wouldn't rely on presale #s.........

When they say IN HAND AND READY TO SHIP with real pictures of this gorgeous set thats gonna make all ASE collectors drool then we'll see the real $$$$ these sets will bring.......:yes:

 

I don't usually respond to tales of personal anecdotes successes, but I will make an exception here. First my comments, if taken in the context they were presented in, were not directed to someone wishing to make riches off coin flipping modern coins from the mint. My comments were meant for holding the coin as a collector/bullion investor and not trying to beat other coin flippers at their own game.

Now to what you posted. So you bought one of these sets for $100 and sold it to someone for $500. If you sold it on eBay, I'll assume, this means you made a profit of ~$350 off each one of these sets. (assuming your story is true and you were lucky enough to beat out the other flippers)If you sold 5 of these sets you made the big profit of $1750. This is assuming you were able to time the coin flipping market exactly.

Today you would gain about $1100 if you sold 5 sets. This is a 44%/year return. Not bad I suppose. Now if, instead, you had purchased a single Jackson's Liberty First Spouse coin in 2008, low mintage, at $619 you could sell it today for $1900. This is a 102%/year return and this requires no coin flipping schemes, hoping you hit it right and this coin is still going up in value, not down.

I think my point is proven.

OH and BTW, this time you will be competing against the likes of Apmex and other similiar dealers who have decided to get into this game. Good luck with that.

 

The Lincoln chronicles set was a big deal too. Those sets had a mintage that was half of this one. I got one in the afternoon that day and I think it still took a couple days for them to sell out. If the site crashes and you can't get yours immediately, it doesn't mean you won't be able to get one later. You just probably won't be able to get one 2 or 3 days later.

 

Everybody is too concerned about profit and flipping and crashing scenarios here. I am just going to buy one set, if it goes up then great, if not, then I have a beautiful set of coins, directly from the mint.

 

It's the nature of the hobby, we collect money.

 

I think it's just natural because everybody knows this is going to happen. I'm not interested in trying to flip a bunch of these because I think it's too risky and if there will be profit, I don't think it will be enough to make it worth my time. But I'm still curious to see what happens in the aftermarket.

Many mint products sell out and then end up selling for cheaper on ebay. I don't think this will be one of them but if it does happen, nobody would feel too good about it. Despite it being a nice set. I'm pretty sure some day the melt value will be worth more than they go on sale for from the mint next week. Which is why I'm not too worried about buying a set for my collection.

There is a lot of hype over the reverse proof. Deserved or not is yet to be seen. On one hand, there will be only 100k 2011's to be had. Which matters to the entire set collectors.

On the other hand, the total available reverse proofs is going from 250k to 350k. For the people that are interested in owning an example, either date, it may actually drive values down. We'll see what happens.

I know $300 is right up there about the max I'd want to pay for this set. Double melt. I know they're worth more than melt, but if they come out with a $450 price tag, I'm going to pass. I'll let them have a profit but I refuse to be gouged because there's a lot of hype. Will the 30th anniversary be bigger than this? Will there be an anniversary set with a reverse proof every 5 years now? Some of the questions you have to wonder before you get too carried away.

 

If another reverse does come out, I think the mintage will be the deciding factor for the 25 year set. If this one remains low mintage, it won't matter as much - or if it becomes the last of the type. Lots of variables at play for sure.

I was at my first coin show today. Wow was it a light crowd! About 1/5th of the dealers had not stayed for Saturday even. But lots remained and I found a couple coins worth paying for. While wandering about, I heard one vendor say that he had 70 customers lined up to buy these anniversary sets on his behalf.

Before going, I was at a B&M shop, where I witnessed an over the counter pitch to another customer suggesting he purchase five and sell them for a $50 profit per set to that dealer. Anyone can do that math...the dealer will likely be selling for another $50 or more over that. No reason to sell to such folks; their enthusiasm gives it away that you should be selling them yourself, if that's why your buying.

I'll be helping you guys launch the DOS attack on mint.gov @ noon this Thursday, but I want to keep my sets!

 

So you think it would be well worth ordering five sets instead of one? It is amazing how many people want multiple sets. I'm just wondering what percentage is flipping and how many will be permanently off the market. I guarantee at least one set will be hoarded away for the long haul. I guess we'll see what the mint wants for them. Anything less than $300, I'm all in for 5 of them. Pre-sales on ebay are going for anywhere from $430 to $550+ with free shipping. Even at $430 minus your initial shipping, ebay fees and outgoing shipping, there might still be $50 left over per set. If there's a lot of people that end up not getting them in the initial rush, panic could set in after they're sold out.

You'd have to imagine a lot of people will want these for Christmas presents. And the initial buyers won't have them in hand from the mint at least until mid November.

But you also have to wonder if these pre-sales aren't already snagging the fringe before ebay becomes inundated with them, driving the prices down. People are taking advantage of the situation before they even go on sale. Before the rush hits. If 1000 sets get dumped on ebay the first week, what happens to prices? Although, I'd be shocked if they started selling below issue price. There's probably no way you couldn't at least break even the rest of this year. It's probably worth the risk.

 

Not sure why Thursday's price wouldn't be the advertised $299...short of a major spike in silver in the early week. Multiple sources have confirmed both price and mintage. The total mintage assumption is slightly worrying since the Mint could conceivably issue the reverse or S mint mark coins separately, after the fact. I think that is a very remote risk.

Personally, I like the idea of keeping multiple over the long haul. Surely the price will wobble a bit in the first year. That panic pricing you mention is likely to hit the 'bay', but I'm terrible at timing such things so I'll just tune out and see where we are in ten years. Hopefully, no sale then either.

 

I think its remote too. It will be too late in the year to get any more going for 2011. I doubt they're still punching out anything from 2011 on Dec. 31st. Or Dec. 1st for that matter. I could be wrong. I'd be surprised if they weren't gearing up for 2012 already. I heard they were scrambling just to get these sets put together.

 

Help Me Understand the Hype

Would some of the true ASE collectors help me understand the hype surrounding this release. I do want a set, but I don't see why so many people are going absolutely ape**** over it. Okay, there are 5 coins in the set. Three of them are already available, so they aren't a driving factor. The reverse proof is not the first of its kind for an ASE, so that isn't a driving factor. That leaves the uncirculated-S. Is everyone really going crazy just over that? When I try to look at it objectively, this set doesn't seem like that great of a thing. Sure, it's nice and I would like to have it, but why the hysteria? Anyway, any insight would be appreciated.

 

Why do millions of people go crazy when a new iPhone comes out? Why do people pay $1000 to be the first to have one? Why do we get excited over new coins which simply have a single numeral changed on it?

I dunno but I guess you could just call it human nature.


"if you build it they will come"

 

Never thought I would be lumped in with the iToaster crowd.
At least we stand a chance of retaining value over the long haul. :hail:

That human nature sure likes exclusivity. Here we have that and more all rolled up in five ounces of shiny metal. If I start morphing into an extra short nearly naked grey dude with confusion over noun/adjective usage, I trust one of you will slap me! LOTR LOL

 

I think many people see it as a moneymaking opportunity and that is adding to the hype. It is not financially worth my time and effort to have friends and family buy multiples of this set for resale. I am a collector and just want one for my collection. If I do not get one, I have plenty of other coins I want to buy. I will NEVER buy this set in the secondary market at the astronomical prices we will see soon after it sells out. The mint will surely receive a lot of complaints if collectors are shut out. TC

 

Eagle collectors are a passionate breed. Hence the hype, the anticipation, the loonyness.......

 

Well, I guess there's not much left to say after that comment. I think I understand now.

TC, my strategy is like yours; if I get a set from the Mint (which I think should be very likely), I will gladly take it. If not, I'm not going to be chasing it. There are too many other shiny, round things out there to distract me. If nothing else, it sure keeps things interesting.