2006 20th Anniversary Silver 3 Coin Sets

Man I hate to admit it but I bought a set today for $499. They are Abon/SGS specials that are "MS70, PR70 and PR70". I know what a shock.

These sets seem so red hot right now. I think I will crossover grade them via NGC and see if I can get MS69, PR69 and PR69 out of them then flip them right away. I am still in disbelief how much these have shot up!

Freddypm

 

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Something to think about. See if you can buy the box and the capsules and crack them out of the slabs and treat them as a raw set.

 

Why didn't you just buy the 3 piece set. They are around that price with all the mint packing. I would rather have them in that packing than in SGS holders. Nothing personal I was just wondering.

 

would NGC even cross grade a SGS slab. Just curious myself but would NGC certify it as a silver anniversary set?

 

I think you may be right Bama guy, I don't even know if SGS is considered a "real" grading company or is just the shill rip-offs there reputation carries seemingly everywhere!

They get slammed all over ebay boards and all of the grading company boards constantly, I believe in the old saying "where there is smoke there must be fire" I'd avoid them and go with a raw set and roll the dice with a legit grading service.

 

I have a SGS coin and it is conservatively graded, but it is just one coin.

 

$500!!!!!! Holy crap, these things are hot. I never thought they would go this high. I figured $250 would be the ceiling on them

 

FYI They are sending all the mint packaging with it. I am still shocked my self on this. I might just flip them and see if I can make $50 quick.

 

I've bought SGS coins before not for the erroneous grade they give their coins but because I wanted nice uncirculated examples. The first thing I do is crack them open and toss the slabs. Last time that I made a purchase, I left them feed back that said, Nice coins but MS 70, I don't think so. Reform your grading practices. I would never pay SGS more than the coin is worth raw regardless of the slabs. I figure they lose money that way.

I subsequently was banned from bidding on any of their products. I wear the ban as a badge of honor.

 

SGS and the subsidieries (ok, try to spell that correctly) are all a joke. They mislead people into buying junk at overrated prices, and then when a 'customer' calls them on their lies, they get banned from bidding again. All that is doing is PROVING that we are right, and it also acknowledges that they know what they are doing is WRONG.

i want to apply for a grading job at SGS
Below is an excerpt from the SGS grading theater.....
Me: thanks for hiring me, what are your grading standards?
SGS: If it looks shiney, give it an MS-70 grade. If the coin will be worth several thousand dollars in a higher grade, by all means give it that grade.
Me: What about this coin, half the moto is worn away, its got some rubbing onthe reverse and its got scratches that are clearly not bag marks. what would SGS grade this worn coin? Fine, Very good?
SGS: (sinister laugh) why, we dont grade coins below MS-68!! (another sinister laugh) It dont matter to us if the coin is worn, we cant make money and rip people off if we grade coins accurately. So we grade everything near the top of the scale.
Me: isnt that a rip off? Wont the leave you negative feedback? or sue?
SGS: Once we got their money, who cares! we will just block them from bidding again, there are alot of suckers out there you know. And they cant sue us because ALL grading is subjective.
Me: its subjective to a point, yes. But this just doesnt sound right, i dont want to rip people off.
SGS: Your fired!

 

Yea you did alright. I have been paying $525 for opened sets. So your doing fine!!:thumb:

 

Have you noticed how much the unopened sets are selling for? I saw eight sets in an unopened box going for $8,100. Man, that's over a $1000 per set and the auction wasn't over yet. I don't completely understand the unopen box premium these sets merit.

 

PCGS and NGC will only designate all three coins as a "20th Anniversay" issue only if they are submitted in unopened US Mint boxes. The only coin they will label as "20th Anniversary" is the Reverse Proof without submission in a sealed box. That's why some folks pay a premium for unopened boxes...that 20th Anniversay label brings premium. A clear case of slab collecting!!!!:headbang:

 

the differnece in the price of the black label...
NGC 2006W ms70 black label - $900 or so
NGC 2006W ms70 regular label -$250 or so.... $650 for that label!
I think the premium is also for the fact that everyone wants a perfect coin in their possession... and most opened sets are cherrypicked for slabbing...
Slabbing is so wierd now, its incredible NGC has graded some 33,000 reverse proofs, PCGS I have no idea but I would assume its about the same, add sgs,anacs, etc and you have say 70,000 in slabs!
For modern commems now a 69 in an NGC slab is actually worth LESS than the ungraded coin!

 

excuse me for being cliche, but...

buy the coin, NOT the slab

 

buy the coin, NOT the slab.... NEVER the label!

 

Shortly after I got my sets, I offered to trade one of them for a proof 2001 Buffalo silver dollar, pointing out that the sets were selling for over $200. The dealer turned his nose up at me and sniffed "They'll come down". I'm glad he didn't take me up on it, but I'll get he's kicking himself now.

 

I sold one of my mint sealed boxes of 4 sets (I had 2 boxes of 4 sets) this weekend at a coin show. I got $2400 cash for the box with no eBay and PayPal fees so I'm happy. The dealer told me that they add to these mint sealed boxes all the time because they have the exact same tape. I assume they very very carefully cut/slice the mint tape, add sets and then place another strip of tape over the mint tape. I was quite PO'd when I heard this and I an relatively certain they use NGC for coin grading.

I might call NGC and PCGS and notify them as to what the dealers are doing to get the 20th Anniversary labels on sets they have purchased opened. I'm sure a good dealer with a sharp eye can examine and pre-grade the coins and send in only those they feel have a chance at grading a 70.

For now my other mint sealed box of 4 is safe and I have no immediate plans to sell it. Gorgeous set but I wouldn't be paying $500+ for one if I didn't buy mine from the mint for $100.

*~*Joey*~*

 

Opened sets - the rev proof is the only thing that they will grade

 

I agree. Some people seem to be into the "70" slab collecting. A fool and their money are soon parted.