2012 Silver Eagle San Francisco Proof Set "PRICE WATCH"

The three I linked were the only true in hand auctions I found. The rest I saw were all pre-sales. I don't think you can get a real measure of where these will settle at from pre-sales. JMHO.

I would have expected the first of the in hands to do much better.

 

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Those auctions were all short duration with high initial prices that all ended during the day on a weekday while everyone is at work.

I do think that once the rush comes in, probably starting this weekend, the prices are going to dip to the low 200s high 190s, but as it stands right now, auctions are still all ending in the ranges I mentioned.

 

My sets came today. By next week I will send them to PCGS for grading.

 

I still say that they'll go for $250 by this autumn.

 

If you bought 100 sets you would have made a quick 5K

 

Coin Vault is selling raw sets for $199.95.

https://www.thecoinvault.com/Store/catalog/75th-Anniversary-San-Fran-Sets,187.htm

 

Hucksters.....what do they charge for shipping?

 

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From $110.01 - $200

$18.95

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So total for the set is around $220. Looks to me like they're using this set as a promo, it's to get new customers. You gotta know that they are picking out the worst looking sets to sell to the public. It's money in the bank for the coinvault because those dudes who sell on TV also call houses to get you to buy more krap at their marked up prices. The $220 gets you the set plus a lot of bothersome telephone calls from them idiots and they are hard sell yucks as well.

 

If you bought 100 sets haven't made anything, you just spent $15,000 grand and I highly doubt anyone on these forums is in for that much.

 

Why are prices soft? The coin was minted to demand. There are not so many people out there seeking this coin and even less after it was revealed the 2012-s non-RP coin was appearing in a second product offering. Good luck on making a buck. A slim few bucks is what most playing the flip with OGP sets are bound to make after all the fees and shipping are worked out. High grade, TPG certified perfect RP coins will be the domain of premiums.

 

i wonder why collectors keep buying american eagle proof and burnished uncirculated coins. those two categories ranges 450,000 to 1,100,000 pieces. and yet they are afraid of buying mintage 250,000.

 

If they get $215 shipped on ebay it works out to $184 in hand (not counting any seller discounts).
So it is over 20% profit for a one or two month investment.

 

IF this, IF that... That's all we see people kicking around. Sure some have and some will make (+/-) that much, but it's a fraction of owners of these coins that are doing any selling at all. Not everyone can simply expect to flip an OGP set as soon as you receive it and end up with the same results. Aftermarket prices also peak with modern collectibles more often than not when the next hot new thing is dangled before collectors eyes.

I've tried to demonstrate before to this forum that this perceived 20% isn't as phenominal as people are want to make it sound. Subtract what you paid retail to get the set from the Mint from out of $184 and what you are left with is a paltry $34 bucks. You can't make an 'investment' out of this, but you might get some lunch money or gas money from selling a set or two. Sellers must also consider the cost of their time for creating the listing, packaging and for item deliver. There's also the responsibility of reporting sales in ones taxes, making sure to collecting sales tax, getting the parcel to the post office (fuel cost perhaps), hope the parcel arrives safely to the Buyer or the dealer whom it was sold to and wait through a period that there are no issues with returns.

These coins are not an investment, in the sense of that word. No matter how many times people post about it in this sub-forum for bullion investing. To attempt to make an investment out of these coins would mean investing in many of these coins and hoping demand drove a premium that was much higher (something approaching more than the value of the bullion you paid for, for starters -- $34 profit does not offset $75 bullion sufficiently) that people were willing to pay for the collectible. However, those seeking to make money off these kind if objects should obviously know that buying too many units of a collector coin drives up the mintage which in turn errodes its aftermarket premium, chances at rarity (which supports the premium) and squashes demand.

As I said earlier demand is already soft because the majority of demand was fulfilled by the Mint to Demand concept these were sold by to customers.

 

How do they look? The coins in my sets were in terrible condition (relatively speaking). Out of 20 sets, I'd say 5 proofs would grade a 70. And maybe 2 RPs, and that's being generous. Just about all of the RPs had some sort of break in the field or scratches. SO they'd all be 69s or even 68s. The quality of the capsules seems to have gone down too.

I'm not going to even bother sending any of the sets in now, just going to dump the remainder. If my sets indicate the average quality overall, then anyone with a set they'd think would be a 70 should get it graded. And I'd feel sorry for anyone who pre-sold 70s. By comparison, overall, the 25th anniversary coins were in way better shape, with at least half being 70 in quality.

 

I guess it's been so long since that mint has struck a proof eagle that there are some production glitches.

 

a lot of sets were offered at $400.00 at e-bay for grade 70.

 

Feel free to chalk me up as a fool, and reduce the original mintage sales by one...

I just cancelled my last solitary set with the mint AFTER ordering a PCGS 70 set from ST for $239.

Sorry, I'm just not a flipper, and I don't have unlimited funds. That extra $150 can go toward an MS-65 Morgan or something else...I just don't have the patience to return a flawed set...good luck y'all!

 

239 + 20 shipping. I ordered one too. I have a feeling that it isn't going to be so easy to get sets of 70s by submission.

 

Who is ST?

Thanks

 

silvertowne