2011 25th Anniversary Silver Eagle Set

Discussion in 'Bullion Investing' started by SILVER E C-C, Aug 21, 2011.

  1. GregBnCoins

    GregBnCoins Member

    I was reading that anyone who got caught more than 5 sets that the mint was forfeiting those sales! Same addresses, multiple card uses, duplicate addresses! So maybe being greedy wasn't so smart! Good luck to you guys on the waiting list!
     
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  3. saltysam-1

    saltysam-1 Junior Member

    3839xxxx, but then I didn't even try for a set until 6PM CDT.
     
  4. green18

    green18 Unknown member Sweet on Commemorative Coins

    Hope you get it Sam. :)
     
  5. green18

    green18 Unknown member Sweet on Commemorative Coins

    Funny thing but these posts remind me of the problems I had way back in '07 when I first joined this forum and posted my comments about ordering the Jefferson Liberty. Back then I had "dial up"........

    http://www.cointalk.com/t28386/
     
  6. WingedLiberty

    WingedLiberty Well-Known Member

    thanks phdunay... fixed!
     
  7. midas1

    midas1 Exalted Member

    "<Off Topic Geek Stuff> A web server generally has a limit on the number of client connections that it will accept at any one time. As it approaches that limit, and if the limit is beyond the reasonable capabilities of the hardware, the connections will lag as the server struggles to keep up. Once the connection limit is reached, any further connection requests are ignored until an empty slot opens up. Managing to hit a bogged down server that's at its connection limit, at the precise moment a connection opens up, is pure luck of the draw. "

    That's no longer an excuse. When I retired from the Federal Government two years ago they were moving applications to large server farms. Even mission critical medical applications. There's no technical reason why the Mint can't get a large chunk of server time for events such as the 25th anniversary sales. I believe the Mint may have contracted out its sales dept. If so, there no reason why the contractor can't buy a large piece of server farm time for event sales. In 2011 the 25th Anniversary sales fiasco was no different from the 2009 UHR sales fiasco. Outrageous.

    Amazon, Google and others deal with this problem on a routine basis.
     
  8. dreamer94

    dreamer94 Coin Collector

    The only reason I can think of for doing that is to be able to send only some of the coins to the TPG's in a sealed box for the "First Strikes" or "Early Releases" designation, which will mean absolutely nothing for these coins. Plus you would end up paying 5 shipping fees instead of 1.
     
  9. dreamer94

    dreamer94 Coin Collector

    If it increased by one day each day until it ships, it would never ship.
     
  10. fishsoup

    fishsoup New Member

    There are plenty of reasons, but whether they are any good is up to taste. Grading only some sets as full sets (not just the 2 special coins) is one, assuming there are buyers who want assurance they get a non-cherrypicked set is another. Apmex says they only buy sealed mint boxes. Or maybe just keeping all options open is worth the 1% of the sale price that goes to extra shipping costs.

    Or, maybe it just happens. I signed up for quick checkout a few days early, logged in to the mint website 8.45 am here in west coast, refreshed a few times, and boom! The game is on! The goal is to get only one set for now! And then... the confirmation mail arrives at 9.06 am. How is that for a anti-climax. I had expected to be playing much longer. Made a cup of coffee, browsed the forums a bit, and thought: Well, maybe one more set for my 2011 firstborn... And so on.
     
  11. x115

    x115 Collector

    lol
     
  12. fishsoup

    fishsoup New Member

  13. x115

    x115 Collector

    there is some money to be made on 70 grades. a 2006 reverse pf70 sales for about $500.
     
  14. x115

    x115 Collector

  15. JJK78

    JJK78 Member

    Decided to check Ebay real quick and found this auction for an NGC 20th Anniv. set all 70's currently bidding at almost $1200~

    http://www.ebay.com/itm/2006-20th-A...476?pt=LH_DefaultDomain_0&hash=item35b6368acc

    That is about 12x the original issue price. So if you do some basic math and the 25th Anniv set in all 70's could go for north of $3600! Plus figure that a 25th Anniv set with 5 coins will be harder to put together with all 70's...

    Makes me think about joining a TPG and spending the extra chedda to get these babies graded!!
     
  16. x115

    x115 Collector

    yep i was thinking the same thing. i ordered 3 but not sure what my chances of getting at least 1 set graded at 70 would be. even 69 will cary a nice premium.
     
  17. statequarterguy

    statequarterguy Love Pucks

    Call me paranoid, but if I get mine graded, I’m waiting till the rush is over. With an issue like this, I don’t like all those 70’s & 69’s floating around the TPG’ers, hard to tell if you got yours back.
     
  18. x115

    x115 Collector

    true. Im on the fence. I rather collect them with the OGP. but having a set of 70's would be a trophy.
     
  19. x115

    x115 Collector

    I know this might sound dumb but what are the chances of getting a set graded at 70 ? i'm sure it must be a slim chance.

    I have never submitted coins before.
     
  20. JJK78

    JJK78 Member

    That is my biggest concern but I really don't think you have to worry. Just sending them the coins sight-unseen kills me! What if every coin has spots and you get stuck with a bunch of 68's & a few 69's, no 70's.... i'd be ****ed. But I doubt that.

    I know someone drew up a rough estimate to send the coins to PCGS but I can't seem to find it right now, it was like $135~ per set, which only included First Strike designation on 2 coins, not sure if all 5 qualify or not, technically I know they don't but just thinking out loud here. If the other 3 require FS then is like an extra $60/set so almost $200 per set to grade them, plus shipping/insurance to get them there. I guess it could be worth the extra $1000 investment for 5 sets if you ended up with 2-3 sets of MS/PF70's.

    Rough figures - it's late so i am just typing to think :)

    $1505 - Cost for 5 sets plus shipping
    $50~ - Cost to ship to TPG
    $1000 - estimated grading fees
    ------

    $2555 total investment

    Say you get lucky and score 3 sets of 70's, 2 sets of 69's and throw out some more rough figures...

    $2500 - Set of 70's retail?
    $750 - Set of 69's retail?

    $2500 x 3 = $7500
    $750 x 2 = $1500
    -----
    $9000
    -$2555
    ----
    $6445 total profit potential!

    Oh boy... I need to go to bed before I end up joining another TPG tonight!

    I tried to find more details about it like NGC has posted but no dice, also tried searching the PCGS forums but after 20-30 pages of searching their ASE set threads I found nothing... If anyone finds out more details please let us know!
     
  21. GoldIRA

    GoldIRA Active Member

    I've been saying the same thing StateQuarterGuy. I believe it is the lowest burnished mintage and probably will be, period. I doubt they'll release another burnished coin at 100,000 unless they make another low mintage set down the road.
     
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