2017 S Silver Eagle on sale 4/4/17

Market Analysis for the 2017 S American Silver Eagle Proof.

Current Outlook
Prior to the sell out, the Open Price on the secondary market was approximately $99.99. After the sell out, the Price spike to 159.95 and has stabilized in the range of 114.95 to 124.95 with Shipping. (Source Ebay)

Future Outlook
Many large coin secondary retailer's may have been caught with their pants down. One example is Modern Coin Mart (MCM). Does not have this coin available for presale. It appears the market has been cornered by Bullion Exchange (Since 2013) and other profiteers. From a price prospective we should high prices in the near term especially with Proof 70 coins.

Why Proof 70 Coins?
Later this year another approximately 50,000 coins will be release as part of the limited edition set. The limited edition proof set (LEPS) packaging is VERY POOR! I'm 0 for 2 with the Limited Edition Sets. The average coin grade was 68, which is very poor in the US Modern Coin Era. If I would estimate only 10,000-15,000 of 50,000 from the LEPS will be 70s.

Next Week
I expect prices over the weekend to raise to about $124.95 - 134.95 and stay in the range.

Few Months
I believe an excellent change to get the best price for this coin will be in the months summer months as enthusiast move there attention to summer fun! Price Range $99.95 - $115.95

During the Release of the Limited Edition Set
Prices will Surprising Rise if a sell out occurs of the LEPS. Price Range 134.95 - 159.96

Years Out
The hype will die down the price will stabilize back to the $99.95 - $109.95. With PCGS PR70 having a large premium. Price Range $279.95 - $329.95.

 

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I just did my thing, too.

 

I called instead of chatted today. Backorders are still good for fulfillment once product is available. My order history that showed the change to $0.00 was so other items in my order could be charged and shipped now while the 2017 Congratulations Eagle waits. No second shipping charge will be applied. No information on the backorder itself. It could be a while if the coins themselves have not been produces.

 

Good going there SQG, how many did you get?

 

Just one for my collection. I figured I'd wait to see how many they make for the LESPS before I go all in on this one.

 

Those usually go on sale late in the year, is that correct? I might get one myself this year, never had one.

 

Yep, usually late. I don't usually buy them either, as they're not a great deal. It will cost more to buy the s eagle that way, but at least I won't be sitting on a bunch of these if they make a couple hundred thousand LESPS.

 

For credit card yes, but for a wire transfer no limit.

Yep that would have required 750 orders for a sell out.....which doesn't seem to be that far off from the actual number of orders.

 

I had rather they do a household limit of 2 for a couple of weeks, and then open it up with no limit. Individual collectors are responsible enough to get in that quickly. The Mint has in the past done limit orders and then when they realized that they would not sell out lifted the limit. I can only imagine that someone thought there was a danger of not selling out, but the person must not follow the ASE series or they would have known that they would go quickly.

It seems unlikely that collectors will split up the gold/silver sets to make the next round of ASE coins available.

They followed the limit, then lifted limit, pattern for several of the First Spouse series and it worked well.

 

Why give Ebay the juice.. I put up some Trade Options for my celebration sets. Check out the other forum. I think they're reasonable.

 

You can't make comparisons between the spouse series and an ASE. That ASE was selling out first day at any limit, no one cares about the spouse series which would cost 6 figures to put together

 

Well those of us who collected the First Souse coins cared and saw the Mint do some good things to keep the pricing on the most popular ones from getting completely out of hand. They did this even toward the end with the Kennedy and Regan issues long after strong sales had waned. The FS series is almost unattainable now, but it was not then. I for one was certainly glad when they ran out of First Ladies to honor.

ASE is much more popular, but not without its issues like the 95-W. I don't think the 17-S will be that rare, but it has the potential of being very difficult for many collectors and it did not have to be so. I slowly put together an ASE proof set in PR70DCAM as the coins were issued and they were very reasonable. I missed the 95-W for some reason (still kicking myself) and just cannot pull the trigger on it.

However, I am a free market guy and so long as the rules are known and fair then it is fine. It just seems in these type sales the fairness isn't there. These were dealt with much like ticket scalpers at rock concerts. For investors this was the perfect play. For collectors it might be an opportunity missed for many. I am a big believer of feeding this hobby from the ground up, especially with young people. Events like this do not speak well of the Mint or the hobby.

But just my take on it and we all have different perspectives and that is fine.

 

I just saw your post and I think that is in the right spirit and fair. I actually have a PCGS graded Standing Liberty we might be able to work out something on. I have to go for now but I will be back in touch on the other forum.

 

True it was much more affordable at the start before the gold run up. Wasn't a bad idea though given how many 1 oz gold coins it is it was going to be a bit rough for a full set at really any gold price.

Every issue really is though. The same big boys always have a lot of the new products for sale with a few exceptions.

If they sell quickly probably or maybe in the long long run. We're already seeing prices come down as the market is getting flooded with them for sale. They will probably all be profitable when sold, but it doesn't look like they are going to be a big windfall anytime soon for anyone that doesn't sell a very large quantity.

 

I agree given that when originally conceived the gold price was low enough to where the mint probably never anticipated the coins even getting to that price point and that lack of consideration ended up putting the nail in the coffin of the series imo before it even had a chance.

Although given that the 'Liberty' design first spouses were among the most popular I wish the mint would give us a 'Classic Liberty' set of perhaps fractional 1/10, 1/4 and 1/2 oz gold coins. Heck even with the new American Liberty series I could see them doing much better overall if the coins weren't a full oz and were 1/2 or smaller. In fact that being said I don't know why the mint doesn't get into the fractional silver round game. Imagine the 2016 centennials being in fractional silver to compliment the ASE, besides the walker I guess as the ASE is close enough as is. But expanding the affordability and thus potential collector base for an offering is never a bad thing imo for its long term collectibility and valuation.

 

Given the popularity of the fractional Buffaloes I am also surprised that they have not done more fractional series. But I think I remember that there is a requirement that the gold be mined in the US and that they had some years that they literally ran out.

 

I really do like that first year they did. I would also welcome a classic liberty if they did that. I really wish they would do more new things, but the more "new" things they do with the current staff the more meh I think a lot are.

I really wish I had an answer though for why they stay out of the fractional game. Perth and some others are making a killing on it and it does make a much more affordable version.

I would say this though, if it is congress that needs to approve that should not be an issue. If the mint went to them and said hey we can make a boat load of money just need to be allowed to do this they would say yes.

 

As I remember the Liberty FS coins proved to be the best sellers, or some of the best sellers, which is a bit of a conundrum given it was the FS Series. But it probably shows that there is room for classic patriotic coins. I would not want us to get as gimmicky as the Canadian Mint, but the British Royal Mint seems to have hit a good note with me on the right balance. For me the Australian Mint is sort of between these two.

Does anyone know the long term viability of all the color enhanced coins they are issuing? Will the color last or will it be subject to light damage (fading), flaking, etc.? For me all of these are gimmicks for sales only and many are aimed at kids themes. But if it draws in kids to collecting that would be a good thing.

 

Between the US mint and the Canadian mint I would take what the Canadian is doing over the lack of creativity we have now. The RAM and Britain do seem to have a nice balance just wish they would have more reasonable gold premiums

 

For some reason I lean toward the classic designs and favor the British. Maybe we need a good dose of Teddy Roosevelt and Augustus St. Gaudens to get us going again on creativity.