25th Anniversary Silver Eagle Set PRICE WATCH

The definitive version (The Eurythmics) have:

Some of them want to use you
Some of them want to get used by you
Some of them want to abuse you
Some of them want to be abused

Marvellous song (and band!).

 

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The video was very different for it's time. Very cool.

 

If that is the case and the majority of the coins are graded 70, doesn't that theoretically reduce their value due to the fact there is really nothing special about them other than the mintage factor?

Eventually, finding a set in OGP might be rarer than finding a 70-graded set. I think I now have even more motivation to keep the set intact in the box.

 

Theoretically yes, but it depends what the demand is like for 70 graded sets. Lots of registry collectors out there who would rather pay up for 70s than suffer the indignity of having 69s for < half the money.

If (emphasis on if) prices level out at $2,000+/- for NGC 70s and $2,300+/- for PCGS 70s, with somewhere around $1,000+/- for 69s, then what this might do is push the price up for sealed boxes of 5. Statistically you would be likely to get at least 2 and probably 3 sets of 70s out of such a box which means that you're at $7,600 for a box with 2 sets of 70s (2 x $2,300 + 3 x $1,000) and $8,900 for a box with 3 sets of 70s (3 x $2,300 + 2 x $1,000). Call it $800 for grading fees, and a box of 5 at the current $4,000-$4,200 represents quite an arbitrage opportunity.

Like you, however, mine are staying in OGP along with the rest of my ASE set. I weep a little inside when I see all of the split up sets where the RP and "S" burnished have been sold separately.

One further point of interest: the Mint have now confirmed 3 times that the bullion coins were all produced at SF and that the COA was in error. Makes me wonder if the TPGs will have a change of heart and start designating these as 2011 (S) which would be yet another new label (25th Anniversary Set (S)) for the label collectors to hanker after.

 

Theoretically, maybe.

Look at the UHRs, it has a similar ratio of 70s to 69s. Doesn't seem to have hurt it much.

 

Do we have this in writing anywhere that I can send to NGC? Has anyone else contacted the grading companies to see if they will make a change? My coins are at NGC now waiting to be graded.

 

There's an article in CoinWorld today so I'm told, but you have to be a subscriber to read it.

 

New charts for graded sets.

NGC 70, 98 total sets:

 

PCGS 70 , 37 total set:

 

I don't think I did too bad today. Sold a sealed box of 5 for $3750/750 a set. Doing the math with whats been selling on eBay after fees and shipping, seems like a better deal with no paper trail. Roughly, 20-30 bucks more could have been made if BIN was listed for $4100 with free shipping as many of the auctions are going for. Best of all, I took profit so it work. Got paid in cash by the LCS and bought some junk silver. Still got an open box with 3 sets to sell (keeping 2 sets) but I've recovered for both sets and took some profit already.

If most auctions are going for like what people are saying, 700-750 then after fees they are making less. Thats a given, best of luck to all. Try calling a few LCS and see what they offer before putting it on eBay and don't get too greedy. Take profit and have peace of mind that you don't have to worry or regrets of what could have been made.

 

I'm thinking about taking my profit in a different way. I believe my 5 set sealed mint box will always be worth at least the issue price. And right now that price equals a little less than a 1 ounce gold Buffalo. Bye-bye buffalo!

 

Very true, I sure do have a soft spot for gold buffalos as well! I guess it makes me feel better because I had in total 10 sets so breaking even and making some profit works for me. Still got to keep 2 sets and 2 1/2 to work with if value does shoot up.

 

What does "LCS" mean?

 

Local Coin Shop

 

Ah. Thanks.

I called two of my local coin shops (the ones doing the most publicity, etc.).

Neither one would tell me what they would pay for a sealed box over the phone. They both wanted me to bring in the box, and then they would decide. The closest is a 20 minute drive, the other is a 35 minute drive, and I suspect that they wanted me to accept a low offer so I wouldn't need to go elsewhere.

If it is a sealed box from the mint, do most B&M's refuse to make a quote over the phone?

 

Varies, the one I sold my box to had told me they were going to sale it to another dealer locally and that person was more then likely send them to the grader. In fact, they flat out quoted me without hesitation. Odd things is was that this was the first sealed box they saw, they had told me it's the first box they saw. They had to call the buyer and double check the sender info to confirm.

Try a few others, the ones who have a lot of flow, I suspect they will offer lower since they are more know.

 

They sound like scam artist dealers to me.

 

I called one in my area and they told me that for a sealed box of 5 sets they'd pay $3400. I told them that I could hold a 1 day sale on ebay and make as much as a $1000 more than their offer minus fees of course. They wouldn't budge on their offer.

 

MC coin mart is making offers on both opened and sealed boxes. I'm told their offers are wholesale but competitive....whatever that means.

 

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They want you to waste your time driving there, so when they lowball you an offer, you're more likely to accept since you already took the time and gas to get there.