And, many sell for much more. The price of these will change through eternity, as collector interest changes for the better or worse.
Wrong! These started around $800 almost from Day 1, according to the then-standard price guides. I sold mine for $3800 in 2005, after having parcelled out the gold around $750 in the late 90's. Covina had run a weekly buy ad for them in NumiNews for years and years.
By the way, thanks guys. I just passed 250 likes, before getting to 700 posts. We now return you to your regularly scheduled self-delusion.
This doesn't seem to make sense to me, unless there are cases where grade X + CAC sells for more than grade X+1. I don't know of any such case. Are these people collecting stickers and plastic or coins?
Umm, yeah, I could swear I just read someone disparage plastic, but praise stickers. Huh? What is up wit dat?!?!? I own maybe 150 slabbed coins, and not one has a CAC or any other kind of sticker, and as long as I own them, none ever will. Throwing even dumber money after originally dumb money.
So then you weren't huddled over a computer at 12:01PM EDT on the first day? What is wrong with you? Do you, like, have a life or sumpin?
Wrong? Wrong? I don't think so - ok, make me do the work. Here's a quote and link at PCGS: When the U.S. Mint first sold the 10th Anniversary Set, many Silver Eagle collectors purchased the set and sold the gold coins close to their intrinsic values. Therefore, the 1995-W Silver Eagle automatically created its own market in the $200 range right from its inception, even though it was offered for free by the U.S. Mint to these purchasing a Gold Eagle Proof Set. http://www.pcgs.com/News/1995-w-Silver-Eagle This is too good to be true and so on point for this thread. Here's another quote and link to a PCGS article about the 1995-w ASE: There are great opportunities when purchasing modern issues offered by the U.S. Mint if you do your homework and pick the right coins. The 1995-W Proof Silver Eagle is just one out of dozens of different modern coins that has been a big winner so far, and more than likely, there are still many more winners to come from the U.S. Mint. http://www.pcgs.com/News/the-1995w-proof-silver-eagle
To say that a coin "created its own market in the $200 range" is a far cry from saying any ever traded at that level. Why would anyone do that? Yes, the $200 figure was a good rough "cost" for those who had the set and immediately stripped out the gold. Trust me, NO ONE ever sold one for anything close to $200. Why would they just break even? I don't care if Willis and Hall came to me personally and told me that crap to my face. I'd call them a liar to their face.
Stickers are plastic Kurt! At least I think they are... maybe it is a new hybrid material... someone fill me in if I am incorrect.
St. Gaudens Double Eagles in MS65, and while I haven't checked in the last few weeks, for several months a CAC MS65 was selling at the same or higher price than a generic non CAC MS66. The idea is that CAC is tougher and that they might actually be equivalent. In some cases, it may be fair and others not. I am one who advocates for pricing based on the quality of the COIN, but the reality is that stickers have a huge effect in the market if that is any indication of the current market.
I don't know.. I must go see a psychiatrist b/c this is the first time I have ever ordered any modern day garbage coins.
LOL, Really? I saw ads for them for a hundred and something dollars. What do you think of that second link about the great opportunities with moderns? That should make some heads explode.
Trust me, if you did, you were reading an idiot's ad. Buuuut, I DID hear of a guy who quietly bought two of the 1995-W ASE's at a local show just last year for "regular" 1995 proof money. Idiocy on the part of a seller doesn't count. I've bought coins at 5 cents on the legitimate dollar at auction occasionally too. It doesn't define the value. Also, you obviously haven't been keeping track (why would you?) of my opinion of PCGS, and lest you misunderstand, I mean specifically PCGS. Links to their site do not come with persuasiveness in my eyes. Keep in mind, the 1995-W was just the second "gimmick" coin, after the 1994 matte nickel. Not everyone had their "game on" yet, but those who did KNEW what umm, WE had. By the way, who was the first person to notice the 1994 matte nickel's special production status as evidenced by a letter published in Numismatic News? That would be yours truly.
Nah, that was the going price initially. Someone mentioned in the other thread that it didn't take off until PCGS added it to its registry set.
When you know that a coin is maxed out and/or overgraded and you resubmit it to the TPG under the guarantee or crack it out and send it to another service. For instance, Legend has downgraded coins in PCGS holders to get them into the correct grade with a CAC sticker and the items are sometimes more liquid. Many people are also willing to cross a NGC coin to PCGS and go down a point, because for some series at the very tip top, the PCGS coin is equal in price or higher than the NGC coin below. Look at the cameo proof coinage of late 1800s and early 1900s. Liberty Head Nickels come to mind as an example. When I bought my NGC PF67 CAMEO 1905 Nickel, the PCGS PF66 CAMEOS were going for the same price as the NGC PF67 CAMEOs.