Should I open the box and forever condemn them (or at least 3 of them) to a non-certified status or should I send the box off to a TPG and hope for generous grader who likes the number 70?
Hello DW and welcome to Cointalk! I think a lot of people are having this same debate right now including myself. For the moment I have watched a few videos of people opening them up and have been satisfied knowing I can open them at any time. But once they are opened, thats it. That is what kills me. I think the wise move is to send in the entire set(s) in to be graded and certified as the 25th anniv set. Once they have the specific designation then you can break up the sets if you like and even a standard bullion ASE with the 25th label will probably sell for 50% more then its standard counterpart, not to mention the really good coins in the set! Personally, i'd keep em CLOSED!
Thanks JJK78, here's where I am at the moment (and it could change). I am thinking of submitting them all to NGC and then for $1 per set have the mint packaging to be returned. Since I am one of the fortunate buyers with the full 5 sets, I've at minimum doubled my money with a $1500 profit. Assuming grading all 25 coins along with shipping will roughly be $500 (a little more but this way the numbers are easier), at worst case they all come back MS/PF 69 or less, I could simply crack them all out and put them back in the mint packaging, if need be, and still be ahead a theoritical $1000 (or 77% RIO). And then any MS/PF 70's that do materialize will only add to that $1000 profit. With estimates on a 5 coin MS/PF 70 set going for upwards of $4000 ea (see HERE) the potential profit margin could be significant. But then again, an unopened box of 5 sets may well go quite high due to optimistic buyers with unrealistic expectations. So it may be best to take your advice and keep them in the box unopened and wait it out. But then again, coins submitted to NGC here in the first week will automatically be labeled "Early Release" which may or may not be relevant in the long run, so submitting them earlier rather than later does have advantages. Hmmmm, decisions, decisions....
Wow, I'm looking at the box with awe. I want to open it but can't and everything that I'm reading isn't helping me. What to do; what to do?
Check this out - PCGS MPORTANT UPDATE: November 10, 2011. We have received the first submissions of the 25th Anniversary Coins. The mint sealed packaging includes a Certificate of Authenticity. That certificate lists all 5 coins. In that list the bullion coin with no mint mark is reported to be minted in either San Francisco or West Point. This information conflicts with earlier reports so PCGS contacted the mint directly. We were told by a mint official that while most of the no mint coins were minted in San Francisco there is no guarantee that all of the no mint coins were minted there. Consequently PCGS cannot label the no mint coins as (S) as originally planned. Those coins are still eligible for 25th Anniversary Labels and for First Strike according to the already published guidelines. We apologize for all the confusion.
I am keeping my sets in OGP - the way I like my silver eagles. I think it will be rare to find a set in OGP since all of the people are going crazy hoping to get the coins graded. Even if it's not rare, I still don't want the risk or hassle, plus the box looks really nice!
Looks like right now opened sets are selling at $750 on the Bay, but unopened boxes are selling for $850. So, if you are not going to grade and flip - sell them sealed. It will be curious to see how they grade out. If the are scarce with the 70s then the 69 sets will hold their value and sealed boxes will have a premium. However, if they grade out with a lot of 70s you may not max your profit with a bunch of 69s.
I am almost in the same position. I have an unopened box of 5, and only want 4. I do not plan to have them graded, but want to get rid of the 4 sets. Are each of the sets individually sealed, or once I open the shipping box, all sets are considered "opened"? How do I get rid of the 4 sets I do not want? To whom or where do I sell them ? Thanks
Welcome to the forum Steve. The sets themselves are not individually sealed. As for selling, a lot of folks are using e-bay to sell their sets.
:welcome: Steve1948, These might be of interest to you. http://www.cointalk.com/t194791/#post1298926 http://www.ebay.com/sch/i.html?_ipg...011 25th anniversary eagle set&_clu=2&_sop=12
You can always get the coins graded. It just depends on how much you want the common coins in the set to have a label indicating they were at one time nestled in a box with the two special coins.
