Crazy money for "presale" 2019 Silver Eagle.

Has everyone seen the new posts on Ebay? Advertised $600+ for a coin not even sold to anybody yet.
They may even have possession of a for sure way to get them.
One is taking orders for 5.....
Must have several residents or good friends.

 

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All I need is one.......

 

Gonna be gone in 60 seconds

 

You can get a slabbed one cheaper. Welcome to CT.

 

With a limit of 1 per household and a 30,000 production limit how can you go wrong? Just like the Apollo series limited edition they are consistent with changing the parameters of the sales. The palladium issue sold in less than 15 seconds.

 

I was pretty close. It was gone in about 75 seconds !
Amazing.
I have one. ... I am happy.

 

Got one

 

Did I get one? Or can they still cancel my order?

 

If you get a confirmation email, then you got it.

 

Suspicious!! When I tryed to pay the website crashed? As a quick way to pay I have 2 payment options and 1 of them wasn't there at checkout prior to the crash? I had 1 in my cart within 3 seconds of the release and I couldn't pay for it. I believe I was on a site that mirrored the US Mint website and just wasn't lucky enough to be chosen as a random person. This is the 3rd time I have tryed to purchase a limited release product and haven't been successful. I will not buy any new products from the US Mint for a number of reasons, why so many people and large coin /bullion dealers can offer these products before they're released is suspicious and offering them at &$2,500 to over $4,500 is absolutely ridiculous! I'm done with the US Mint and I would rather buy a very nice Morgan Dollar or 4 for that kind of money. Fantastic for all of you that were able to make the purchase if you get the confirmation that you will receive it.

 

Personally, I've never encountered an issue when order limited mintage releases. As for the reverse proof ASE, if you compare it to the 1995w with a mintage of 30,125 this one has tremendous potential even at the current average $1,000. Regrettably I missed the order date as it slipped my mind.

 

Sorry you missed that one Long Beard. Do you think this one will be tops ?
It is right now. Can the mint come out with a lower production number ?
Yes they can. But 30,000 for the world ?
Well that's kinda a grain of sand on a beach. There are millions of collectors of all calibers all over the world, and the world is going high tech(lol) and many WANT this coin to complete their own collection.
I think that you are very right, this will be a top coin. It might be something the collection won't be complete without.
The price may be right, right now. Because I haven't seen the price of the 1995w lose any value, its even got some spotlight from this coin. The dealer sees dollars as does the collector. Both win. I think 10 years in the future this will be highly sought after.
The mint shouldn't go any lower. There are millions of people who collect. That's not much to disperse.

 

No matter how much makeup the flippers are putting on this it is still bullion, and will always be bullion. If the commercial flippers are selling at any price , they recognize they will always be able to get more at a lower price later, otherwise , why would they sell any at all in the first 2 weeks...they are actually the smart ones. IMO, Jim

 

No it isn't bullion and it never was bullion nor was it ever sold as bullion. The mint doesn't directly sell bullion to the public, they sell to authorized purchasers only of which there were 9 last time I checked.

It is, always has been, and always will be a collectors coin

 

When I get mine back from PCGS see about trading it for gold coins..

 

Yet another thread on these ?
Soon there'll be more threads than coins.

 

This is an old debate. Is it bullion — in short a silver investment? Only if one is totally challenged mathematically. It’s a proof version of a bullion coin and intended for collectors, so I suppose that makes it a collector coin.

At $900 it’s neither in my book. Check back later.

 

My issue when people call it bullion is that that logic just doesn't hold up. As you mentioned it's a proof version which by definition is already not bullion, it was never priced as bullion from the mint, it was sold directly to collectors etc. If it's bullion just because it's silver than all pre 64 coins should be bullion as well. If being a collector version doesn't matter than all proof coins don't matter. They pick and choose where they want to apply that logic too.

If they really do believe it's bullion I'll be happy to buy as many of these as they have for double melt value which would be a great return on a bullion piece

 

Agreed, it's a collectors version of a bullion coin.
NCBC (non-circulating bullion coin)

 

Does not the common pre-64 silver coins sell by the oz ? Sure not a variety dime, but a 1960D common dime? This current one is just an uncommon bullion silver eagle and the mint and associated dealers have found a "gold mine" mindset with certain flippers and a very few actual collectors. IMO, Jim