Finally got my V75 American Silver Eagle!

There's a big market for collectible tickets.

 

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My point was the limited mintage alone doesn’t drive the value. It’s all demand based. I believe that the prices we see now are because of the novelty of the piece because it’s so new.

I was replying to a comment that said that limitless mintages were dumb because then nothing is collectible.

 

The American Silver Eagle set is very popular for many collectors.

Mostly because it’s not insanely expensive to collect every year in normal &/or proof without going into bonkers prices like trying to collect every Morgan Dollar or something like that.

I think there will only be more and more collectors of them over time.

 

It is popular. But outside of the 1995-W the high prices of the limited issues haven’t really held up.

this is true of nearly all modern releases. It will have some value because it is one of the lower mintage issues but if you’re holding onto one for prices to go up long term history says that’s an error.

 

I think the 2013 S Enhanced Reverse Proof or whatever also commands a hefty premium.

But the way I see it the 1995-W & the 2013-S Reverse Proof aren’t even really special or unique aside from their low mintages.

At least the V75 was minted for an actual reason. To celebrate the end of WW2. I don’t believe any other American Silver Eagles have been minted specifically to commemorate an event.

So I think someone might take that into consideration and want it for that reason. There are a lot of WW2 collectors out there too.

 

I suspect the prvy mark will be looked as a gimmick...which is what it is. There have been countless wwii commemorative coins already.

 

Not American Silver Eagles there haven’t been.

Sure it may end up being a gimmick just like the 1995-W but that doesn’t stop it from being worth what it is nor does it deter collectors from wanting one for their collection just like they all want the 1995-W too. At least this one has a reason for a gimmick.

 

That’s true. But wwii commemorative coins have been done to death. I suspect that these will have some value but won’t be worth what they are now for very long.

Plus the 95-W was the first special issue in the series. There have been SO many now it really isn’t that special anymore.

 

I just received my V75 silver eagle last night finally.


As far as ordering, I was at work with a fiber network, and a server room on remote PCs. I should have been real fast the network is pretty savage, but I still had no shot at the gold one at all and struggled to complete for the silver one quite a bit. everything with the difficulty to get an order completed was on their side, Not mine. Had I known about the temp banning and captcha, and all the nonsense, and been able to get through it, it would have went faster.
I'm not big on conspiracies, but had they notified certain dealers of the roadblocks they'd be putting up, and how to work around it, so they didn't get banned or trapped with captcha, well, there ya have it.

 

They didn't

 

I find this post confusing. In one place, you talk about whether prices have "held up." In another, you talk about "prices to go up long term."

Holding up, and going up (increasing) are two very different things.

You mentioned the 1995-W ASE. At least in MS69, 1995-W prices have not gone up in MANY years. Typically, they sell for about $3K plus or minus - and have for many years (more than a decade). So yes, they have held up, and no the pprices have not gone up.

Meanwhile, the current going rate for a 2019-S Enhanced Reverse Proof ASE in MS70 is about $1900 plus or minus. IMO, that is "holding up." YMMV. How is that any different than the way prices for the 1995-W have behaved for years?

I used to collect 1909-S VDB cents, and their prices "in the real world" have hardly moved in two decades. So I think that the prices of at least some famous coins which are well more than 100 years old have not fared any better than "modern releases" in terms of "going up" - at least in this century. But maybe 1909 is still within the penumbra of what you consider a modern release, in which case I guess I would be curious where that cuts off.

I'm quite sure you could find some older coins whose values have gone up quite a bit over the past 20 years. I'm thinking those are exceptions to the rule, and I could probably find an equal number whose values have decreased.

So I'm not convinced that in general modern coin values do not hold up as well as older coins. But I willingly admit that I could be wrong about that, and I could easily be swayed to change that opinion by actual statistical data to the contrary.

Anyway, I do not collect coins hoping "for prices to go up long term." I have stocks and real estate for that. I collect coins because I like owning them, inspecting them, looking at them, fondling them . . . So long as their values do not nosedive precipitously, I'm fine. Again, YMMV.

 

I read the same kind of posts here last year about the 2019-S Enhanced Reverse Proof. It's all hype, gimmicks and novelty. No one will remember or care about them in six months, they'll be selling for peanuts, blah, blah, bah. Yet still going today for about $1900 in MS70.

I think certain collectors here just plain don't like ASEs and root for their failure. Maybe because they are not real circulating coins, like Morgans, Peace Dollars, Buffaloes, Indian Heads . . . Maybe because their is a strong bullion aspect to their production, valuation, collection. I don't know why, but there is a clear contingent here that does not like them and poh-poohs everything about them at every opportunity.

Whatever.

The fact is that lots of folks DO collect them. Many have done so for decades. They DO try to get complete sets, and they seek out the lower mintages. And no one can wish that away, no matter how much they do not like ASEs.

 

Sorry mate I missed you post. Nah it’s staying in the Mint Box where it belongs. XD

 

I don’t think it’s so much about investing and hoping prices go up as it is people being concerned about overpaying for something they could get significantly cheaper with patience.

Although I don’t think the V75 will ever drop below say $250-$300.

 

No that's not what I'm saying. If they didn't put mintage limits on these coins knowing that a lot of people would want them the average collector would have no problem getting them. These modern coins were never intended to be placed in circulation so for the most part most will still be in the same condition as sold 50 to 100 years from now. A great example are Morgan dollars. Bags of Morgan's released in the 1950 and 60's. If I remember right 500,000 1881-S dollars were released. These were released in the millions. Because of that the Morgan dollar is probably most collected coin in mint state. Collectors like them and for the most part they are relatively cheap to buy. There is no reason the mint should be making so called modern rarities. Personally I own some US coins that less than 20 are known. I also have one that only 4 are know. These are truly rare coins. These modern coins will never be rare or even scarce. The 1995 W silver eagle was selling for $80,000.00 in Proof 70 but not any more. Right now 95 W silver eagles in proof 69 are selling for under $4,000.00. Keep in mind that only about 1/3 of the mintage has been certified the rest are still sitting in the original packing and most likely still in the collection of the person that bought them. Bottom line if the mint is making these coins for the collector then they should be making them to demand. They will actually make more money for the mint by not having a mintage limit. Once the year ends destroy any left over coins.

 

I’m pretty sure most of the people who actually wanted one did get one.

Sure there will always be exceptions but I would say the majority did.

I think a lot of people are angry that they didn’t get one to re-sell and make a profit.

All my friends got one. We all got banned several times & bombarded with CAPTCHAs but we still got them and then it was like 15 minutes after that when they sold out.

There was plenty of time to get one even for people who did keep getting banned like I did.

 

yea i think i would keep it in the Mint Box a swell. From the pictures you provided the coin looks like its a sharp strike. didn't see the reverse. congrats man

 

There is an attrition rate as a factor. Invariably coins will be mishandledoing as years go on. They will be stored improperly, touched, stolen and melted, or cashed into a bank for face value. Damaged in housefires or floods, Ect.
Happens.
You are correct in 100 years there will still be a lot available most likely but who knows what happens over 100 years. Maybe they sell for $300 and in 2080 silver hits $500 an Oz and a whole lot get melted down for the extra bucks along with millions of other bullion silver Eagles and rare date's and proofs. Maybe in 2050 there's a new world order and all PM's are confiscated and melted or coins and cash go obsolete worldwide and destroyed and nobody cares about numismatics anymore or all is taken in the WW4 effort or by an occupying force....
Lots can happen to thin the herd so to speak. But the normal attrition rate barring extreme scenarios, will still apply and each year a few will disappear.

 

If they didn't put mintage limits on them FAR less people would want them. People want them because they're limited and not just another over minted mint product that will be worth less than issue price within a year.

Sure there is. Many collectors want them to be doing that. It also drives excitement and interest in both the series and collecting.

That was really a one off sale price. No other sale has ever approached that number, so no that was never the norm.

So mass mint everything then either undercut themselves blowing them out to dealers for significant discounts (which they have done before) or incur substantial significant costs constantly having to melt things down

 

I'm baffled on why things are worth less than issue price if the only people that are buying are those that want the item.

IMHO, the mint releases coin/set X today. Do people buy it for the sole purpose of reselling later at a higher price, only to see that so many were sold that they'll never make their money back, and rather than sit on a $x item in inventory, they sell at a loss to; lather, rinse, repeat?

I would understand if it didn't appreciate in value, but for it to decline in value, SMH.