2012 Silver Eagle San Francisco Proof Set "PRICE WATCH"

When the Mint does a new issues seems like 90% of them are sold in the firstsweek. this may not hold true as last week many may jump in for a profit

 

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I agree....$119.95 plus $4.95 S/H.......

 

$149.95

 

Not if the price of silver explodes.

Good to see ya Doctor........

 

Since issue price is inflated at $149.95 and a lot will be sold, probably more that the regular W proof, it will sell for less than issue price, probably less than $119.95, assuming silver remains the same or declines further.

 

5 or 6 pre-sales on ebay now... single set with a buy it now of $209.75 then a few more which are up for auction in single and 5 set format~ I hope the ebay pre sales sell for less then cost, that would be awesome

Edit: on a side note I just noticed that gold and silver just spiked as the world realized the economy still sucks~

 

http://www.ebay.com/itm/13070555372...AX:IT&_trksid=p3984.m1423.l2649#ht_786wt_1141

this set is up to $202

 

It's pretty sad that fellow collectors just don't get it ~ you can buy them from the mint at $149.95 plus shipping.

 

And where the devil are ya gettin' that price? Mint ain't announced nothin' yet.......:devil:

http://catalog.usmint.gov/webapp/wc...ctId=16760&langId=-1&parent_category_rn=10111

 

I just checked this listing out, looks like shill bids bumping the price.

 

USmintblog.com

 

Oh, that oracle.......

 

http://www.cointalk.com/t207276/

 

Freakin' ripoff, but I'll still order one.......

 

Lol, I was thinking the same thing then saw your post.

 

For $150 a set I'll probably only order only one set instead of multiple...kinda priced high IMO

 

I agree.

 

Who the dickens do they think they are..................the Perth Mint?

 

I got bored and wanted to understand the potential reasoning behind the mint picking the $150 price point for the 2-coin set. I created a spreadsheet that makes some assumptions to determine the eventual profit motivation behind the price. First, I assumed that the mint pays the market price for silver, which is currently $28.55/oz as of 2 June 2012. Second, I assumed that the variable costs of making the set is $4.00.each, which includes manufacturing, packaging, and other variable costs. Third, I assumed a fixed cost of $500k for this set (sales & marketing & fixed direct and indirect costs). I'm guessing on the last two items but I'm trying to guess on the high side if anything. Based on these assumptions, the mint will make about $44 million in profit if they can sell 500k sets @ $150/each. They would need to sell about 645k sets to reach the same profit @ $130/each. They would need to sell about 755k sets to reach same profit @ $120/each. Based on the input from this site, I think that they should have picked a price closer to $130/each. I think that they would get at least another 145k in sales if they lowered the cost to about $130/each. Of course, it is just my opinion.

 

I have seen so many posts around the internet from people crying about the high price of this issue because of resale reasons, i am beginning to think that 90% of the demand for these sets are from flipper/speculaters chasing each other around creating the illusion of collector demand. Remember TY beanie baby's, once the market tanked how many real collectors where there once the dust cleared?