2012 Silver Eagle San Francisco Proof Set "PRICE WATCH"

I just don't trust my eyes on older circulated coins (ie morgans/peace) I would rather pay for the certainty vs taking a gamble. I 100% agree on the designations and was pointing out to Krispy that the markets are far more manipulated by these types of marketing ploys than some posters on a message board watching ebay or other prices going up and down. The designations/grading of modern bullion not only effects the graded coins but pulls the prices up across the board, now to me that is real price manipulation.

 

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That was a reference to a thread where members posted the ups and downs of bullion many times a day.

 

I understand. It is also like time. It will be 7:30 AM again sometime in the future. Silver will also be $28.73/oz sometime in the future. Probably the near future. I thought that you were quoting the price as of 7:32 PM this evening.

 

"On their webpage they say that they have the best price for the PF70 sets - guaranteed. Since others had them for the same price during that time, that price should be guaranteed."

Unfortunately, they are no longer taking orders. I entered my email address for notification when sets are available.​

 

Modern Coin Mart has them in stock for $249. They are the second wave (not first/early releases) that start shipping out on 10/3. They also have a number to call at the bottom if you find a lower price, so perhaps they have a similar guarantee.​

 

This price watch is gonna be truly interesting especially as the months go by. The 70's will come up and a few people will talk and pay more for those but the bottom line is there is a reverse proof with that set and I think that's what people are gonna want and that's what will ultimately set the price. I'm hoping it doubles right before Xmas but ya' never know.

 

And I'll still contest the point that numismatic items don't belong in the Bullion Investing forum.

 

Animal cruelty is never okay Darryl.

They're not rants, they're reasoned thoughts that I have shared with this thread/forum, and done so in the face of great adversity. New ideas are often met with such resistance, the issue isn't my "issues" it's an issue that applies to every collector/flipper/investor engaged in this and dealing in this product. As I said before I'm not frustrated and some of my replies may take some time and effort for some people to read, if they even do that before replying.

If you are irritated then step away, go run around the block and clear your head because it doesn't sound like the best frame of mind for singling out my posts and making me the villain for raising this topic. As you can tell, it's drawn a lot more attention and considerably more discussion than the posting of links and sales figures in the pre-sale after market for this product has. At any rate, it's got nothing to do with me how you interpret my thoughts on this subject which are every bit as valid as those you are running to the defense of, additionally my comments are not attacks. And who is this "Dnar" you speak of?

My point about their optimism, their "positive manner" as you put it, is that it does have a negative effect on the perceived value in the after market of these coins, that their posting only serves to keep their idle hands occupied until their orders arrive and/or the next new thing emerges for sale, and causes the Mint to think they can keep asking higher and higher retail knowing what will happen shortly after collectors get their orders placed. Dealers know it too and keep asking for more and more from these products that they easily resell for profit due to consumer confusion over limited status, perfect grades and what something is worth. These are the points that seem to escape so many people committed to this 'price posting' (not really, watching) activity. As I stated before, they only watch for numbers that are increasing and only post when they find higher and higher values. Of course these folks dislike being told the high prices are not necessarily a true and accurate value or that there may also exist lower prices realized that they didn't "watch". They dislike being challenged when asked how many they are buying and flipping despite their rally for others to make out big on such products.

Dancing around with rose tinted glasses on isn't a posting requirement. If mine isn't happy news to some folks eyes reading these words, well that's too bad, there is a negative related to this topic that I have addressed and a lot of people are unhappy with me for speaking candidly about it.

CT's spell check is pretty weak for starters and I admit that I tend to spell certain words out of habit with a UK spelling. I'm not really sure how this applies to your moderation attempt.

That my posts may displease some people amid their glee of posting sales found on eBay, doesn't equal harassment. I've brought this topic up in the past and have gone back and forth about this with people such as Danr and Fretboard in other threads, going back a couple years of activity on this forum. That I reply to their posts does not mean I am singling them out for an attack. They are the active participants and I have the opposite debate to make, and do so with what they provide as fodder for discussion. Those two names, by now, should be able to see that I am not after them for any personal reasons, but it's they who cry foul the minute it becomes tedious to discuss something.

At times I do see lengthy posts that are not my own, and I often read them, in entirety, just as I read all of your posts in reply to me and all the others long and short who have commented since I too joined this thread. We don't all express things in brief, so your argument doesn't make me the villain for having something to say.

I repeat and stand by my argument for the reasons iterated, done so in large part due to the number of replies I got from expressing my thoughts. I don't expect that every person reads every word of every comment posted and if I am repeating myself, it's because I addressed each reply individually.

I never said they couldn't post what they want to nor at what levels they could post at. In fact, while I stated the current levels being posted didn't much warrant the effort for the sale, I DID ask Danr, to post a sales result if/when he found a retail figure that had doubled. I clarified that that wasn't some acceptable bar for doing so, but that that level began to warrant the effort of flipping a product, which would start to interest me if I were contemplating a sale of the same thing. Now how is that telling someone not to post an aftermarket sales figure... What I did with my comments and thoughts was to illustrate how celebratory gun fire shot into the air often results in fatalities when one least expects it, think about it. Praising prices can and does have certain side effects that diminish what this thread enjoys.

Not at all, you have used this out of the context I gave for posting figures ABOUT bullion IN THE Bullion Investing forum.

I didn't become upset, as you put it. On one hand, I defended that CT needed a bullion ticker widget on the site and that until they had one installed we would be seeing folks posting bullion prices.

You may go deeper and see the elongated conversation I had with a prolific poster who is no longer active on this forum, whom I often refuted posts in those threads for the very same reasons I gave here. Similarly there was a lot of "positive" glee and enthusiasm to post only higher and higher PM prices, but a lack of commitment to admit and post anything lower. I however, posted both higher and lower, gave linked sources for information and replied when addressed by others.

Those were great threads and they attempted to address a lot of the hype and mania of rising PM prices. As often as someone posted a headline about gold going to $3000, $5000 an ounce, I could and did just as easily over turn the analysis and offer opposite headlines to give balance and alternative ideas to the thread.

Sorry, if this reply exceeds your word count quota, but you felt like talking, so I replied in honest defense, which is not an attack much like I could construe your painting me the villain to be behind the authority of your title.

 

"My point about their optimism, their "positive manner""
I have not really expressed a great deal of "optimism" on this eagle set- as a matter of fact I am quite surprised at the current pre-sale price. btw these long posts must really take a while to compose:rollling:

 

But Danr you're always optimistic, as you always show up at the forefront of this sort of posting activity. We've discussed that recently already. If I said more, I'd be repeating myself and lengthing this reply to the consternation of other readers.

Surprised in what way about the current pre-sale price? What makes these different from your observations?

And yes, I do lend time to my posts. Similarly, I have made plenty of short ones.

 

From the time these were announced I have said that these are a collector offering and will probably not be good for flippers.

 

Do you feel this is due entirely to 'mint-to-demand', or is it the Mint's asking price, a combination of these/other factors or something else? How were your earlier thoughts verified by what you are now seeing at current completed aftermarket pre-sale prices realized?

 

Krispy, GIVE IT A REST. Excuse me Im gonna THROW UP

 

No member can or should tell someone to stop posting.

If you have a problem contact a mod.

 

The reverse proof Silver Eagle is a beautiful coin, truly numismatic and not a bullion piece...and I'm thrilled to own several 2006s, 2011s, and soon some 2012s. The mint price for the 2012 set, IMHO, will be (and probably already is) thought to be a bargain. For those of you who will be receiving 2012 sets in the mail this summer and fall...congratulations on having made a wise investment.

 

Yoyo,

Will you consider doing another opening video when you receive your coins like you did for the 2011 set?

 

Yeah, I'll do that...if mine come in early enough to matter. I ordered two sets the first day of offering but it was late in the day.

 

Thanks. Don't worry about it not being relevant, as some of us are part of the 100,000 sets that won't be delivered until September and October.

 

For what it's worth, the 2011 set was 100,000, and I think it took a bit over a week for them to get the bulk of the orders out, so they were probably processing 15k orders a day. So if 60k or whatever it was sold the first day, it'll probably take 4 business days after they initially start shipping for the last people that ordered on that day to get their order.

 

Hate to stray back on topic here but was just doing some late night ebay surfin and noticed a few interesting things...

Here are 5 sets that sold for $1300~ or $260 a set!
http://www.ebay.com/itm/PRE-SALE-5-...96?pt=Coins_US_Individual&hash=item43b16b9718

One sold for $250~
http://www.ebay.com/itm/Pre-sale-20...32?pt=Coins_US_Individual&hash=item2c6698dac4

This one bidding for $244 with about 5 minutes left~
http://www.ebay.com/itm/Pre-sale-20...31?pt=Coins_US_Individual&hash=item564b5208af


Glad a got mine one the way! I felt good about this one from the beginning.