What is the 2011 25th Anniversary ASE set really worth?

normal production is in the millions...

Imagine if there was a coin whose production is in the millions, say morgan dollars. Now imagine an issue with production of 100,000.

These ASEs are rare. I'm actually a bullion guy, and its potential is readily apparent, even to me. This is a no brainer.

 

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They're selling for 7 to $800 a set now. Some are asking $1500 per set. Double the issue price is looking cheap now.

 

'They still have two months. They could make more of the two rare coins and sell them individually.'

I hope not. The last laugh would be on those of us who bought five of these sets with plummeting values Does anyone remember what month in 2006 that the mint started selling the 20th Anniversary set? I only ask because they minted and sold more of the burnished uncirculated coin, and I'm trying to get a sense for how much time was left in the year for them to do so (in comparison to the two months remaining in this year in which they could do the same).

 

are these sells even going be allowed with ebay taking the last set of presales off yesterday morning? but i do hope that this price holds up when the sets do arrive

 

+++ I disagree here.

 

This 5 coin set is the BUY of the Decade :thumb::thumb::thumb::thumb::thumb:

 

Help what is a UHR palladium

 

+++ Could be.

 

How does shelf appeal figure into it for someone planning to store the coins in a vault a thousand miles away?

 

I think you are confusing "rare" with "expensive". True rare coins are typically only encountered a few times in a lifetime. Or maybe only once....

http://www.rarecoincollector.net/index.php?main_page=product_info&cPath=105_124&products_id=1367

 

"I am at a loss to explain 'shelf appeal', really cannot comprehend that aspect. However these sets will increase in value, due to the nearly 50,000 collectors whom could not purchase, due to the extreme attack, which the relays and servers were overloaded. I believe the cite crashed within the first 5 to 6 minutes. I've been a radio technician for close to forty years, and have never seen anything like this. What made me laugh, is when someone mentioned they had google chrome; like that made a difference of trying to "get through". I will not discuss uplinks, backchannels, for it is timeconsuming. All in all, the bottom line is God gives to those He will. May not be appreciated in this forum, or among collectors, for they have been blinded by money.

 

Great post. May the chosen few not miss the top before the price tanks(!) ---lol

 

True, but these are bullion pieces, not circulating coinage, so every last piece will remain a coin forever. I have many coins that did circulate and who's mintages were well below 100,000 pieces and who's known numbers today are in the hundreds, if that, and their prices are nowhere near what people are paying for modern bullion. I guess thats why these prices and the speculation have me scratching my head. 100,000 is not rare, by any measure with any coin.
Guy

 

When buying these there was little downside risk. Afterall, you are still getting 5 silver eagles, 5 of the bullion version would still cost you about $200. So a $100 premium for the low mintages and collector value seems cheap. At least in my eyes.

 

I totally get what you are saying here but I think we need to think in terms of "collector base". The coins you have which are "rare" truely are, but the amount of collectors who are trying to obtain those coins is very small. I don't know the numbers off hand, but the amount of collectors of the Silver Eagle series is far greater the the collectors of old truely "rare" circulated coinage. So while the 25th Anniv. set is not "truely rare", due to the fact that there are far more collectors trying to obtain complete sets etc., it becomes "rare" in the world of Silver Eagle collectors.

So you have 500,000 people trying to get 100,000 of anything it becomes rare.

 

So why did they only make 100,000? They could have easily sold 200,000 for the same price.
This looks like a $30,000,000 screw up.

 

Lots of folks cite that the American Silver Eagle is a bullion coin and the fact that it doesn't circulate disqualifies it from being a coin in the traditional sense, and therefore unworthy of being a collectible issue. One doesn't have to go back very far to find another group of coins that didn't circulate very much (if at all), yet are highly praised and collected today. Many languished in bank and treasury vaults for extended periods of time and can be found today in very high grade. The silver dollar. There are many, many passionate collectors of Morgan and Peace dollars, the "old" bullion coin. And there are many passionate collectors of the "modern" bullion coin.....the American Silver Eagle.

 

those that sold on ebay 1st day will regret it I saw many listings for 5 sets go in the 2k to 2.5k right now I just saw a listing for a Single set at 1k with 5 hrs to go, this is crazy, I am very tempted to list 1 of my 3 sets but will wait for monday see if I get a more clear idea if my 2 orders went in

 

If the ASE is nothing but a bullion coin, then why does ANYONE pay a premium for it at all?
It only has a $1 face, so don't go there. If that was the case, no one would pay more than $1 over spot as premium.

No, they are not bullion. If you want bullion, go buy a bar (or junk silver) and keep the premium out of it.
They are legal tender $1 coins, and numismatists love their coins.

 

The premium on bullion Eagles has little to do with it being a collectible. After all, they produced over 30M of them this year.

However, the fact that they sold 800,000 proof Eagles does prove there are ASE collectors.