while I hope that you both are right, what we're seeing is also typical of the spike that happens when sets are first delivered. Let's see what happens over time and only then will we know if it's a winner or not. If you want an example of what I mean, look at prices for 2001-S Sacagawea Dollars. Over time, the demand was satisfied and prices went sharply downward until they settled at a much more reasonable price.
Sure, you can cite examples of coins that have gone down, but the 2001-s Sac is a completely different animal, that's nowhere near the limited mintage of these dimes. Just makes me wonder what the motivation is to compare apples & oranges.
OK...forgetful Jones moment. Why was the 2001 S Sacajawea spiking in the day? Was it because of dealers failing to initially buy in (much like with the 1999 silver set)?
Well, for better or worse, I just ordered a set for myself. Sure wish I would've caught the mint release on these. Anyway, price was $110 shipped. Have 14 days to return if something's bad. It's amazing how many sets have already been broken up and slabbed for individual sale. There will be far less than 75k OGP sets left once all the dust settles.
I'm sure the price will fall sometime around August when the Mint starts shipping out more backorders, but I'm also reasonably sure the equilibrium price will be somewhat north of the issue price.
Yeah, it's a real old series! Older than the Lincoln c... Nope. It's older than the Jefferson... Nope. Okay, the Washingt... Nope. Yeh, it's older than the Kennedy half, the coin they no longer mint for circulation.
The raw sets are selling for a higher price now because they are in that sweet spot right before TPG deadline for Early Release, First Strike, etc. If you have them to sell and want to capitalize, you had better do so ASAP. TC
Just to tweak the speculation a different way, how long do you think the First Strike or Early Release versions will carry ANY premium over a regular (what I call for NGC a "brown stripe") slab of the same grade? My guess is the premium will start fairly stout and then slowly degrade to near zero.
I do not think you will have a full month. These will lose steam right around the time of the next hyped US Mint release (either Jackie gold spouse on 6/25 or more likely the Truman C&C set with RP presidential dollar on 6/30).
I don't know, these uber low mintage special issues that are part of a circulating series, that probably will be THEE keys to the series don't seem to lose steam with the next issue. Look at the one before the dimes, the 2014-d EU Sac, still heading up at around 400% appreciation. Sac collectors will want these regardless of what else is released, as will Roosy collectors. Of course, I'm not flipping mine, I'm holding out for moon money.
I am still waiting to get the set I sent in back from NGC. The other set is in the OGP. I was considering selling my ungraded set. But undecided.
You may be right. I hope you get your moon money. Seems like the best way to do it is to get them certified 70 FS by PCGS though. 75,000 is still a lot of sets. Sac RP was only 50,000 but that is still high mintage. I am liking the under 20K mintage pucks more and more every day. TC