25th Anniversary Silver Eagle Set PRICE WATCH

You may already know this, but PCGS has a new posting on their website dated today:

Silver Eagle 25th Anniversary Set
November 7, 2011

PCGS will recognize all five coins as 25th Anniversary coins if they are sent to us in their original unopened Mint packaging. Since the 'S' mint and reverse proof have only been made for the 25th Anniversary set, they can be sent in from an opened Mint package and still receive the 25th Anniversary designation. The others cannot.

In order to have all five coins designated as 25th Anniversary, they must be submitted in their unopened Mint packaging.

All five of the coins are eligible for recognition as First Strike. Standard First Strike rules apply to these coins.

The First Strike designation is available as an option on your submission.

All 25th Anniversary coins, including First Strike, will be assigned a unique PCGS number.

 

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"to grade or not to grade " that is the question . i'm on the fence.

 

Good luck with that estimate as analytics are not a good proof of future numismatic value. For example you miss the point there are now a total of 350,000 reverse proofs out there. For many, just owning one is enough. (You didn't including grading costs )

Right now the pricing is selling to flippers. I guess we will see if it crashes as fast as the ATB one last year. OH and there were only 33,000 sets of those produced.

 

I wonder how many people collect ASE's? (Not a trick question: I really have no idea what the answer is......)

 

Fatima ? are you A: a dealer or work for a dealer and are trying to drive the price down ?

or B: you pre sold your sets in mid OCT. for mid 400's .

I am confused by your motive . no offense

 

I can tell by the way you speak you are very business oriented. I'm sure a lot of us could learn from you. but you seem bitter about these sets.

 

I disagree that most would just want 1 reverse proof I know I ordered 3 sets of the 2011 and plan on going back and getting the 2006 set. I think there will be a lot of people that would want to complete their ase set with these coins. Also i believe if dealers are going pay 400-450 then there will be a lot of people who will pay more.

 

I have not sold my coins, I intend to keep them and pass them on. My motivation for posting here is coin collecting and bullion buying. Since from your question, I can deduce that neither of these is why you bought these coins, might I ask, what is your motivation then?

(it does sound like the kinds of questions that I got when I was telling people in 2006, 2007 & 2008 that housing was a bad investment, the market can't sustain the prices. )

 

the proof 2011 proof eagle is above 800,000 http://www.numismaticnews.net/article/mint-stats-weak-demand-looks-puzzling that indicates that the collector base is in the high hundred thousands.

 

i cannot understand his rationale to be honest.

I bought a lot of junk silver the other day and came across a 1915 barber half dollar in good condition. Just the fact that it lacked a tiny mintmark made that coin worth 7-8x a 1915-d or 1915-s half. By his rationale, just owning a common barber half is "good enough" for collectors of this series therefore all the rare dates and mintmarks shouldn't really be worth any more since there were millions and millions of barber halves produced.

I think there will be an initial dip within the first few months as the sets sold by flippers enter the market, but after that, it will go up. This series is no comparison with the 5oz atbs, which is in extremely low demand.

 

This is a logical fallacy as I certainly have not said this. We are talking about modern high volume coins. The rest is your opinion, and I've got no issue with your opinion. You should try to offer the same courtesy.

 

One of my sets will be a gift to a collecting member of my family. I'm a collector, and I'm going to sock away the other four for years to come. Having said that, it will be nice to see the price of my sets rise even if I have no intention of realizing any gains.

 

Current Price guide for 1995W-after 16 years

[TABLE="class: vi-tbl"]

[TD="bgcolor: #F0F0F0, align: center"]69[/TD]
[TD="bgcolor: #F0F0F0, align: right"]---[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$3,250[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$2,600[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$2,500[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$2,525[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$3,300[/TD]
[TD="bgcolor: #F0F0F0, align: right"]---[/TD]

[TD="bgcolor: #F0F0F0, align: center"]70[/TD]
[TD="bgcolor: #F0F0F0, align: right"]---[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$15,310[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$12,250[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$11,500[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$15,000[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$30,000[/TD]
[/TABLE]

2006 Reverse proof after 5 years
[TABLE="class: vi-tbl"]

[TD="bgcolor: #F0F0F0, align: center"]69[/TD]
[TD="bgcolor: #F0F0F0, align: right"]---[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$228[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$190[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$175[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$175[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$260[/TD]
[TD="bgcolor: #F0F0F0, align: right"]---[/TD]

[TD="bgcolor: #F0F0F0, align: center"]70[/TD]
[TD="bgcolor: #F0F0F0, align: right"]---[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$525[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$420[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$380[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$390[/TD]
[TD="bgcolor: #F0F0F0, align: right"]$575[/TD]
[TD="bgcolor: #F0F0F0, align: right"]---[/TD]
[TR="class: bodycolor, bgcolor: #FFFFFF"]
[/TR]
[/TABLE]

 

Ok, how's about this one, say they produced 1,000 reverse proof 2010 ASEs or 1,000 proof 2009 ASEs. Do you think those would be worth more than proofs or reverse proofs of other years? Or would they be worth exactly the same since they're up against a total population of millions of proofs or hundreds of thousands of reverse proofs?

I'm sorry if it seems like I jumped you, but logically that position makes no sense because there is a clear and identifiable difference (year, strike, mintmark) that make it part of the series.

 

I find it funny that "your cost" is not relevant but what Heritage will sell them for IS.

 

That's because we were talking about Market Value /Sales Price...we were not discussing profitability of owning these sets. When you go to sell something, your costs really don't matter. What's important is what the Market will pay, and Heritage as a very large auction house, has an excellent feel for what the Market will pay.

 

That's OK, I couldn't figure out your question concerning the 1000 proofs. Sure there are people who will want every year and every mint mark of every coin. There are others who just will want one example of a reverse proof and they will be done with it. This was the entire point I was trying to make. A numerical analysis of what happened in 2006 and 1995 is a bit pointless in determining the potential numismatic value of an new issue now because it doesn't take time into account, the velocity, nor and the total number of coins.

People also having done that will say, but OH, the ATB is different. This is simply picking and choosing the examples you want to see. It's a hallmark of a market based on flipping.

 

My motivation is simple, "Excitement" I'm a coin collector and I like to get excited about coins. Fatima, you don't seem too excited.

I only purchased 3, so there is not much of a business angle I need to think about. But it is nice to know, the coins we collect have some value.

I actually stopped collecting Silver Eagles and even sold my full set before Silver crashed because it felt too much like an investment. The prices were up and down and up and down.

But the way the Mint sold out and because it is an Anniversary set and there is so much madness going on around these sets. I think these will be a great set to collect.

And it's true that a collectible is only worth what a collector is willing to pay. And that remains to be seen.

 

I don't have excitement of a flipper thinking that a windfall is coming my way, this is true. I am excited about owning the set.

 

So many folks countin' the chickens before they've hatched.........