25th Anniversary Silver Eagle Set PRICE WATCH

That just shows a buy it now price.

 

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I hope you all make huge profits but wanted to throw out a potential scenario. What if silver falls below $30/ounce right around the time these ship? The supply will be high but demand may fall off a bit. Also, I am wondering if many of these ebay presales are flippers sell to other flippers hoping to resell to collectors. I would be concerned that collectors may simply decide to not buy due to unhappiness with Mint and how this all played out. Again, I am hoping you all profit but these would be things I would be considering. TC

 

Under "history" it says 1 has sold!

 

That is crazy, although I do recall the first few sets of 5oz ATB's in MS69 DMPL were selling in that range as well, but now sell for closer to $2k... Only time will tell, all depends on how many send them in to be graded and how the grades turn out. If these things end up having problems and you have a very limited number of MS/PF 70's they could start bringing in moon money...

 

so im wondering what is the usual turn around time for grading when a rush of coins come in like this? and how many sets does that guy own to say he will get 5 complete sets of 70s?

 

He'd have to own a minimum 25-30 sets to think he has any chance at five 70s sets.........I would think

 

This could be the reason why the coins are being bought up on ebay at the moment. i.e. Buy up 10 sets at $600/ea = $6000 cost. If you manage to get 2 sets of graded 70s out of that and you sell them at 6000/ea = $12,000. You made $6000 profit. You can also dump the non-70 coins back onto ebay at lower prices to make even more money.

 

$6000 for a 70 set is a bit much... maybe with sequential serial numbers but unlikely

 

The price of silver is not going to effect the price of this set very much TC. At least that's MHO.......

 

agreed but if it does drop the price below $300 ill buy some more set for when price goes back up!

 

I really think the reverse proof alone could settle into the 4 to 500 price range by itself. I think people are foolish letting all these sets go now for less than $600, minus ebay fees on top of it. Totally nuts. Seems like a waste.
I don't understand the desperation to flip so fast. All people are doing is under cutting each other. I'll hold all 5 sets for a year or more if I have to. Only lookin to sell two sets anyway.

Based on the 06 sets, I wouldn't let these go for less than 7 or 800 a set, personally. That's what they're worth to me. I'm not wasting my time for $550 minus ebay fees and shipping. I believe they'll be worth much more once the word gets out and people actually have them in hand. We'll see.

 

Because in a market driven by flippers, it's the ones that get in and get out first that make the most money. Those at the end of the market are left holding the bag.

The ATB fiasco is an excellent example.

 

I'm still figuring 1k to 2k. They'd be worth a little more than double the 2006 set if they had the same mintage, since they have 2 keys and an extra bullion coin. Since the 2011 set has a much lower mintage, factor that into a little more than double the 2006 set.

 

I wouldn't equate the ATB program with the ASE's. Different types of collectors involved.

 

I didn't say a market driven by collectors. I said in a market being driven by flippers and clearly that is what it is now.

 

Often true, but with this set, many sets wound up in few hands, so the market is saturated and will be for awhile. Given the low mintage, this set should appreciate as the sets offered begin to dry up.

Although I'll agree the Mint's handling of the ATB's was a fiasco that hurt the program, The super low mintage for some issues should make them good long term investments.

In this economy, where people are horading bullion out of fear, numismatic value has declined on many issues or has not reached its potential. When the economy recovers, PHEW, watch the numismatic value take off.

 

You'll see a market driven by collectors once these sets hit "the bay" with the indication "product in hand".......

 

Yes & no, there is some cross over since both are "bullion" I'm not a bullion guy, but I'm collecting some ASE's and ATB's for their low mintage.

 

Right now 100% of the eBay market is buying and selling of something that not one party possesses. We don't know if these virtual coins have been sold more than once on eBay. (I won't even get into the mess of that) These imaginary coins might get sold numerous times driving the prices up higher than what the collector market will support. It's a classic bubble situation. Right now 100% of the pricing discovery is coming from this situation of selling promises.

If the collector's market, which will follow, doesn't support this bubble pricing based on virtual coins, then the flippers at the end will get burned badly. This is why its the flippers at the beginning that make the cash and the ones late to the party get left with the mess to clean up.

True collectors at this point have nothing to lose by waiting this out and I suspect that most will do so.

 

I agree with all you said. But in this case, I believe the collector value is much higher than current eBay sales because the market is flooded with "virtual" coins. Probably many of these flippers are desperate to sell because they didn’t have the money to buy them in the first place and owe other people who bought for them.