would you buy a ase $86,654

thats just crazy

http://www.pcgs.com/News/record-sale-for-silver-eagle-at-GreatCollections

 

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Is it because of the "Struck at the West Point Mint" flag on the top?

 

The 1995-W Proof SAE was only issued in the 4-coin gold set for that year as a "bonus" coin. There were only 30,125 of them produced. The inclusion of this coin in the set caused many Silver Eagle collectors to become very irate because no advance notice was provided for the collecting public.

Despite the fact that this coin is a 70, the price is still ridiculous, and to me, indicates that the buyer has more money than brains.

Chris

 

86K would buy a considerable number of U.S. coins with true numismatic value, as opposed to one bullion coin with speculative value. If this guy croaks, I wonder what his heirs would get when they take this puppy down to the LCS.

 

.....and we still have 6 years, 8 months and 25 days to go!

Chris

 

No I would not pay $86,654. I was the under bidder at $86,400. You have to set very strict limits :devil:

 

I would buy it if I had the money and wanted it bad enough. I would probably feel pretty good about it too and not really concerned what others thought. Call me insane, but I suspect this will ultimately sell for more than he paid for it.

 

Again...it's a blinkin' bullion coin. Why anyone would pay that is beyond me. For that price you could have one of the true US numismatic rarities.
But this is a free market. People are free to spend their money however they choose.

The real trick is to be the seller of this coin.

 

Considering that most of the 1995W ASEs sell retail at around $3000-$3500 each, when available, the price reflects a fool who spent WAY TOO much.

 

There ya go.

Anybody know the pop reports on these coins?

 

I believe this coin represents that, obviously this coin has not any history close to a 1794 dollar for example, and is a highly overrated bullion piece that is only this popular as some find it rare of its low mintage, although many are available at the market, and I find it the most overrated coin of the century.

 

The price to me reflects some kind of need to be recognized in a registry set. You have to admit registry sets have been great business for TPG, preying on people's desire to be "the best" at any cost.

 

The answer to this question, is no I wouldnt.

 

Yup, and nothing exemplifies that more than lowball sets. People will pay top dollar to be the best at being the worst at something. Go figure........

 

The article says 8 MS70's and 1600 MS69's at PCGS. The 69s usually go for around $3-4,000...which is ridiculous in and of itself, but to go 20+ times higher for a 70 is just insane. There are so many better options out there if you have 80 grand burnin' a hole in your numismatic pocket!!!

 

Come to think about it...I wouldn't pay $86 for an eagle. Lol..

 

I have always thought gaming that would be something a guy could do. Take some of the coins "rare" is AG and make them pocket pieces. A few years of handling a coin, and you could make some serious scratch.

Downright silly. I try not to judge people their collecting habits, but paying a premium for a horrible coin, something that is infinitely reproducible? Dang.

 

Depends on the spot price of silver. TC

 

I'd like to sell al of mine for that price!!