25th Anniversary Silver Eagle Set PRICE WATCH

Got that right.......

 

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Of course. For a flipping market to exist, whether it be houses or coins, participants have to believe that prices will always go up until they get out.

 

Collectors are in it for the long run. Even when the house is burning down.........

 

I agree again. But, even though I believe the collector value is much greater than current sales on eBay, I don't believe prices will always go up, which is a fatal mistake many investors make. Being a numismatist, I know the 2011 keys will never cost as much individually as the 1995W and I know the 2011 keys will be worth more individually than the 2006 key.

 

It's perfectly fine with me if you have this opinion it has no bearing on the question I was answering. I was only answering the question as to why there are so many flippers that are desperate to flip these coins immediately.

 

Because their CC statement shows up in 3 weeks

 

All one has to do is look at the 2006 anniversary set to see where this one is going. 250k mintage $100 initial pricing and now fetching in original mint packaging $325-$400. A pretty decent return over a 5 year period. This set will be even more so with having 100k mintage and a much more auspicious 25 year anniversary vs. 20 year.

 

I think your right this is an easy triple in 3-5 yrs if not sooner, I might just hold on to my 2 extra sets to sell later or trade for UHR or saint gaudens

 

Just to bring it down to basics: there are more than 100,000 collectors of these coins.

 

looks like single sets are coming in just under $600 currently

 

This isn't that basic. The numbers of collectors is inversely proportional to price. There has been no price discovery on these coins from the collector's prospective. Just flippers trying to one up each other. Serious collectors are smart enough to avoid this as they did with the 2006 issue as they can easily see what is going on. Anyone who waited on the 20th edition coins, who missed out on the mint offering, did very well because once the flippers were done, the price dropped more than 50%.

If anyone uses the 20th edition coin as a guide on what is going to happen with the 25th edition coin ought to take heed in that, or they are simply fooling themselves. i.e. If you are hoping to flip, you better get it done at the beginning of the curve.

 

I absolutely agree with you. However, I would not assume that these astute collectors will pay the prices some people are expecting. You may find that they will wait it out, which will get some flippers to panic and drop prices. You may also find that they will simply decide not to buy out of dissatisfaction for the Mint and/or how some have sought to profit from this set. There may be some collector backlash here, and they may decide to take it out on the Mint, the flippers, or both. I have been reading multiple threads on multiple coin forums, and have seen very few true collectors stating a desire to buy in the secondary market. Most are disgruntled. Yes, there are people desiring MS70/PF70 but that is a smaller group and will require increased investment and luck on the part of flippers. As I said before, I hope you all profit but I never count my money until it is in my hands. This is just my opinion though. :smile. TC

 

it should be a simple matter of "supply and demand" right now there is a lot of supply(pre-sales) but once most of these sets find a home they will be hard to come by. right now there are tons of 2011 25th sets on the bay each day but only a few of the 20th sets. even though there is more than twice the mintage for the 20th sets. I believe once there is less supply and a strong demand the price should increase.
my 2cents

 

to play it safe i will flip one set as soon as i receive them. then hold the rest. nobody is going to get rich off 5 sets but it is nice to know you can double your money for now.

 

http://www.ebay.com/itm/250922515346?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649#ht_6492wt_1398


ended with no bids ! ouch !

 

I was only going to buy one set for myself but figured if I was going through the trouble I might as well buy a few sets. I ended up ordering three if I make a few bucks selling a couple of them great but I'm sure I won't lose money on the extra sets.

 

I think by not minting any proofs in 2009, the Mint turned off lots of SAE collectors. That being said, I doubt that these will sell for less than the release price anytime soon. Anything other than that is a gamble, but I think we should be ok. I am only looking to make enough to pay for the sets I am keeping so if it doesn't shoot to the moon I am fine (although I won't be upset if it does).

What is the highest buy offer from the large dealers? I heard of about $50 over the release price, but I saw several people allude to higher offers. These should help the price also.

 

sometimes they have a higher min bid.

 

That's good in theory and possibly in the short term as flippers attempt to "one-up" the hoardes of other flippers. $1500 is a lot of money to have tied up on a credit card for some people, and if they don't flip at a profit before the next credit card cycle, they'll start getting assessed interest. BUT eventually the market will assume an equilibrium price, which will be far in excess of the $300. Look at where the 20th anniversary set is sitting at, a set with 2.5x the mintage.

Your last piece of advice is sound though "counting chickens before they're hatched"

 

People are way overthinking this issue. Doesn't matter if you're a collector or flipper, this issue is a no brainer. The only way you'd make easier money is if bernanke personally showed up to your house with a printing press, paper, and ink.

$125 premium per set from apmex.