2011 25th Anniversary Silver Eagle Set

Well there might not be another anniversary set because I read that they have recommended changing the design for the silver bullion coins as they have been using this design for the 25 years set by law. If they do I hope It's nice.

 

Log in or Sign up to hide this ad.

Officially sold out. Came out about a half hour ago if you want to read about it.

http://mintnewsblog.com/

There is a misprint in the article, as it states the 20th Anniv instead of 25th.

"The US Mint’s 20th Anniversary Silver Eagle Sets are now officially sold out."

I have to say, it has been interesting........

Chuck

 

I take issue with how we are being attacked if we bought 5 sets of this issue. It was allowed by the Mint, so explain what I did wrong to attract the ire of fellow collectors. How many people buy something, only to sell it later so they can buy something else? Do they sell it for a loss so that they feel better? Or do they try to make a profit? It isn't like we are scamming little old ladies for pennies on the dollar.

I am a young collector, with a family (including a newborn) and many bills. I don't have a lot of discretionary money to allot to my hobby so this is how I fund it. If anyone has issues with that, I challenge you to look at your own past habits of buying and selling, and see if they are much different than what is going on here. You can be upset if you didn't get one, but don't try to lay a guilt-trip on me just because I got lucky this time.

 

I believe if they had any intention of changing the design the mint would have milked the heck out of this set. I can only imagine what would happen in the secondary market if it is announced the design is changing.

 

One of those life lessons. Many people to some degree resent success where they have not succeeded without a true inward study of what led to either result. The playing field was as level as the mint could make it so do not let others rain on your success. Congrats and I hope you do well when you unload the extra sets! One other thing to consider about the limit of one, the web traffic would have been even higher/slower as the dealers and collectors called on more help to secure more sets. As bad as it was it could have been worse trying to get through.

 

I don't get it either. The ire, if any, should be directed at the Mint for a) making so few sets and b) setting the household limit to 5. I don't personally understand either decision.

Regarding (a) the average annual mintage of Proof ASEs has been running at 750K+ since the year 2000. It doesn't take a rocket surgeon to figure out that the demand for the 25th anniversary set would run pretty close to that number. If their reasoning was a shortgage of blanks (I'm guessing) then maybe they should have directed the available blanks to these sets rather than the 2011 W Burnished coin. There hadn't been any Burnished coins produced since 2008 anyway, and I'm sure most ASE collectors, of which I am one, would have rather seen the sets be more widely available. I haven't read of any shortage of blanks though, so the true reasoning behind the limited mintage is hard to fathom.

Regarding (b) with demand likely to outstrip supply by 7:1 or 8:1, why the heck set the limit at 5 per household? The limit for the "P" mintmark ATB 5oz coins was 1 per household, and that series has absolutely nowhere near the collector base of ASEs. Perhaps they just didn't want to deal with fulfilling 100K separate orders?

With that said, the facts are that only 100K sets were available and the limit was 5 per household. A simple understanding of market forces, good old supply and demand, dicates that even if the ratio is only 4:1 demand:supply then money would be made by someone, somewhere in the supply chain. Had the Mint priced the sets at $500 right out of the gate, there would have been howls of protest. Had they set the limit at 1 per household, it wouldn't make one iota of difference to the demand:supply ratio, and secondary market prices would have ultimately hit the same level. The sellout would have taken longer is all. Yes, more sets might have ended up in "strong hands" initially that way, but if 400K collectors want 100K sets then there will be 300K disappointed collectors regardless of how you slice and dice it.

 

I read an article a while back that estimated that there are approximately 2.5 million collectors out there that collect ASEs. Now when you have a coin(s) that are needed to complete a set and there are 25 people for every one coin available, well you are likely to get a little competition for them as we saw yesterday. I mean look at some of the mintages of these coins over the years:

Bullion
1986 5,393,005
1987 11,442,335
1988 5,004,646
1989 5,203,327
1990 5,840,110
1991 7,191,066
1992 5,540,068
1993 6,763,762
1994 4,227,319
1995 4,672,051
1995-W Proof only
1996 3,603,386
1997 4,295,004
1998 4,847,549
1999 7,408,640
2000 9,239,132
2001 9,001,711
2002 10,539,026
2003 8,495,008
2004 8,882,754
2005 8,891,025
2006 10,676,522
2007 9,028,036
2008 20,583,000
2009 30,459,000
2010 34,764,500


Proof
1986 1,446,778
1987 904,732
1988 557,370
1989 617,694
1990 695,510
1991 511,924
1992 498,543
1993 405,913
1994 372,168
1995 407,822
1995-W 30,125*
1996 498,293
1997 440,315
1998 450,728
1999 549,330
2000 600,743
2001 746,398
2002 647,342
2003 747,831
2004 801,602
2005 816,663
2006 1,092,477*
2007 821,759
2008 700,979
2009 0*
2010 860,000*

Uncirculated
2006 466,573*
2007 621,333*
2008 533,757*
2009 0*
2010 0*

 

Anybody have an idea which coin in the set will turn out to be the most sought after looking at the mintages above?

 

The 2009 Proof ASE, of course!

 

"The 1995 coin was only available to collectors who purchased a five-coin set with four American gold eagle coins and the proof silver eagle. It has a mintage of 30,125 and currently sells for about $3,000, but it sold for over $5,000 several years ago.In 2008, collectors discovered some burnished silver eagles were made with the previous year’s reverse. Those coins, which have a mintage of 46,318, are technically the second-lowest mintage coin in the series. The mintage figure for this coin was obtained through a Freedom of Information Act request by a collector. Because this coin is an error variety, not everyone includes it as part of the basic silver eagle set. As I have said before, I believe these coins are very undervalued at their current market value of about $400. The future performance of these coins will be shaped in large part by the extent to which collectors view them as necessary to a complete set of silver eagles.

In October the Mint will also release the “W” burnished coin separately. This will be the first time since 2008 that the Mint will issue burnished silver eagles. So far the 2006 ‘W” silver eagle is the lowest mintage coin in the burnished series with a final mintage of 466,573."
http://www.coinweek.com/bullion-rep...release-of-25th-anniversary-silver-eagle-set/

whats the mintage on the 2011 burnished???

 

Sorry Mike, I meant from the 2011 25th Anniv Set. I think you'll probably find the 2009 at your local garage sale.

 

The "COIN SHOW" hacks made 1, I got 50 of them.....
Just kidding

 

Last sales figures from 10/25 show a total of 195,507.

 

The most valuable coin will be the reverse proof.

 

hmm...so the mint took down the order button on the website and replaced it with "SOLD OUT"....but I have 5 sets in my cart still from yesterday. After I ordered my sets initially I went back on the site to see how slow it was around 1pm and put 5 sets in my cart as a test. I never bought them because I didn't want 5 more, but they're still in my cart today I wonder if I can still order those and if they would put me on the wait list.

 

oct. 27 felt like the olympics. some won metals and some did not.[h=1][/h]

 

I got an email about 3 weeks ago regarding a PCGS Club special where you can get 5 graded for the price of 4.
I suppose you could use it on this 5 coin set. I will probably keep mine OGP, but it would be worth inquiring about.
Here's the part with the guidelines:

Modern Submission Special: Submit five (5) coins and pay for only four (4)
Please follow the guidelines outlined below to ensure your submission is processed in a timely manner.
· Quarterly Special must be submitted on its own submission form
· Choose Modern service level
· Notate “Quarterly Special” on the Other service level line
· Include payment for grading fees (four coins), return shipping fee (five coins), and handling fee
· Clearly mark the outside of your package CC Special
· Submission must be postmarked by December 31, 2011

Additional guidelines:
· This offer cannot be combined with any other offer, or submission
· One Quarterly Special submission per member per quarter
· Valid for Collector Club members in good standing
· Turnaround time on submission is approximately 20-30 business days

 

I agree that the household limit should have been 1, but I am glad they limited the mintage. It gets frustrating when they create something really great, but then mint so many that they don't even maintain their original purchase price as a value. I collect because I like it, but I hope that my collection is worth something when I pass it on.

 

or it felt like the mayweather fight. it might have seemed like a cheap shot to buy five sets, but you should protect yourself at all times.