25th Anniversary Silver Eagle Set PRICE WATCH

There's thousands of sets for sale - wait until they dry up, then........

 

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I don't think anyone can predict what the future numismatic value of these coins will be. However it's clear that pricing that we see now is nothing but speculation related and anyone looking to buy one as a collector knows this. They will wait for prices to fall more. Meanwhile the flippers will feed off each other until enough of them get burnt, they will bail out. It's going to suck for some who paid a lot to get a full set of graded 70s only to find themselves chasing the market down. (which is what we see now)

 

wow! I was thanking you. I was not being sarcastic . I can't and shouldn't speak for others. but all I was trying to say was if I decided to collect more bullion coins it's helpful to know what bullion investors are saying. of course some one can be a collector and an investor. all I was saying was I'm not an investor and thanks for putting things in prospective when it comes to more of the bullion side.

maybe you are not use to being thanked. THANK YOU Fatima , I find your posts very informative .

 

Can you show me a coin that was bought out within the first 24 hours with a mintage of 100k and a large number were sent right off to be graded that I can't find pages of on ebay for sale right now? Nothing new with a mintage of 100k will ever dry up in the next 20 years.

 

When you have a large diversified bullion collection sooner or later you will end up buying coins that turn into numismatic coins and it forces you to learn the numismatic side of things. If life ever ****'s on you and you have to sell some bullion you need to know what coins go first and what to keep.

 

If one is looking to make long term numismatic gains, there is one rule that that shouldn't be ignored. Avoid the coins the hordes are rushing to at issue time. Instead, look for the coins that people are ignoring. Hype = bad investment, (this holds true for most investments) and I don't think I've ever seen the hype on a coin set that has surrounded this one.


(Of course this doesn't mean to not buy a coin if you simply like it. Financial gain isn't the only satisfaction in life.)

 

Guano ,besides current melt value , speculators & numismatic, is there anything else out side the realm that can effect the price ? is the 25th eagle set like a "fad" one day it's popular and people want them, and the next day they are not popular so the price falls ? and could they be popular again in the future ? i'm just using the 25th eagle set as an example.

I bought my son a pair of shoes for over a $100 bucks just because he thinks they are popular. even though I could get the same thing in a different brand for half the cost. or does this only apply to fashion ?

I'm only asking , not being sarcastic, I hope it makes sense.

edit : Fatima answered the question in previous post while I was posting this.

 

that makes sense to me.

 

That applies to fashion and just about everything else, from the food you eat to the car you drive.

 

I would probably pay double melt for two of the coins in the set just because I like the looks of them and that would be breaking some of my self-imposed rules. Even the hype bug has bit me, I just have patience and self control.

 

off the subject but I don't pay a whole lot of attention to markets, (I should) but from what I have seen , it seems like gold & silver prices follow the dow jones . when the dow goes up so does gold and silver. and visa versa.

 

Not really. The Dow is approximately where it was 5 years ago and at a loss from 10 -11 years ago. Contrast this to the price of gold 5 and 10 years ago.

 

Current number of active eBay auctions for the search term "2011 silver eagle set" is 1,696...up from 1,468 two days ago. In the mean time, NGC 70 sets are hitting new lows, with most current auction closes in the $1,100 to $1,200 range.

 

"what goes up must come down" as the saying goes, but they forget to tell you what goes down nearly always goes back up. The Dow, the NASDAQ, the price of silver/gold after the 2008 fall, 2009 HR $20 gold coins, etc, etc., Price point is a function of supply and demand, we currently have more supply than demand, hence price goes lower, soon we will have more demand than supply and price goes higher. The price of a set of 70's will be over $1800 by Q3-2012 and over $2200 by Q2-2013. Those who are buying sets at these prices will be rewarded with a 100% ROI in slightly over one year. Gotta love history, it always repeats itself, over and over and over. Those who remember it will profit, those who forget will not.

 

To my knowledge there was never a decline in the 2009 UHR coin after the Mint stopped selling it. It's an example of a coin that is rising purely from collector interest.

I disagree with you on your predictions that a 100,000 set issue of a modern silver coin is going to maintain those kinds of prices. Demand is inversely proportional to price and given these coins are not rare I don't see how a set of coins with $170 worth of metal in them are going to maintain prices of $1800 to $2200. If they had that kind of demand, you would not see prices falling like a rock like they are now.

 

Thank you all for the perspective. I saw a gentleman sell 5 sets (opened box) to a local store for $3,000. I wonder what their disposition plans are. That reverse proof sure is pretty. Just a mere novice opinion, 100k seems like not a large number nowadays. Figuring the unique coins and the pretty packaging, I can't see why the average raw sale would drop below $500 (excepting of course a national depression, etc.)

 

The fact that these sets sold out in 5 hours simply shows the huge demand for them and the Mint’s unrealistic order limit. We have the 1995W and 2006 set to show us what, long term, a collectable eagle should be priced at – that said, the 2011 set should settle between 1k to 2k in OGP. Now, there does appear to be a lot of 70 sets, so they may not carry a huge premium. If everyone ordered 5 sets (which is close) and everyone kept one and sold the other 4 (which is close) there’s potentially 80,000 sets that will enter the secondary market all within a short period. So, you do the math – it’s going to take awhile for the market to stabilize at a price that’s commensurate with the 1995W and 2006 set. Those that wait, will be rewarded.

 

I'm going to share something with you all that illustrates why i'm comfortably sitting back and in agreement with statequarterguy.

I kind of threw this graph together in that it hasn't been "prettied up" its Raw looking... but it gets the point across.The graph compares the ebay sale prices of
Mint Sealed Boxes of 5 sets of A25 sets going Daily starting on 11/9/2011 (Day 1) to
Mint Sealed Boxes of 10 sets of 2006 20th Anniversary sets, going daily.. starting on 12/18/2006* (Day 1)

*I chose this date as it seems to have been when everyone had their 20th anniversary sets In Hand. Since some A25 orders were shipped in early november and some were shipped in early december... it's takign the market longer to flood...

Remember. This chart starts counting from Day 1 along the X axis. We're currently on day 31 and the A25 Line goes up through "day 30" which was 12/8
For the 20th anniversary sets, i'm currently displaying "days 1 through 159"... Which i believe manages to capture the entire "rise and beginning of the fall" for the 20th anniversary sets. 100% for the 20th anniversary sets was 1005 ($100/set x 10 sets + 5 shipping)
Oh and the Gaps on the 20th Anniversary Line are days there no Sealed sets of 10 sold.

to further complicate things i converted the sale prices to Percentages so they could be compaired directly. The percentage I chose was "Total Percentage OVER Original Sale Price," meaning, 100% on this graph means the sets were selling for 2X their original Mint Sale Price, so 200% = 3X original sale price... etc.

Also keep everything else in mind, such as that there were 250K 20th anniversary sets vs 100K A25 sets.. or the whole order fiasco... etc etc. oh also the economy sucks now, and when the economy nose dived is when the 20th anniverary sets fell... Grains of salt.

Enjoy.

 

Releasing more limited releases such as the ASE 25th might encourage new collectors to get involved and energize some older ones. I'd like to see them reuse some of the older classic coin designs and reprint some of the world's most beautiful currency such as the Educational series, buffalo, indian, etc. If that doesn't stir up interest in collecting nothing will.

 

I'm holding on to my 2 - 70 sets and 1 69.

The other two will almost cover the total cost of the 5 sets. (5 -70's (1-P) and 5 - 69's (1-P & 2 S)) It's a no lose situation......but I'm having a hard time believing these sets will go back up in price as most are being graded (and receiving HIGH grades). One guy posted his results....24 out of 25 coins got a 70! What will the total number of 70 sets be.......25,000 or more? What is the number of collectors who have to have a 70 set? Will the demand ever be higher than the supply?

I'm holding......hoping for the best........time will tell!