American Silver Eagle 20 coin sets

Discussion in 'US Coins Forum' started by raxafarian, Apr 13, 2005.

  1. raxafarian

    raxafarian New Member

    anyone get one of these NGC graded MS69 sets?

    630ish or so on ebay doesn't seem too bad after trying to price them all piecemeal...

    Or just grab them un-graded?

    Thoughts?
     
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  3. Bacchus

    Bacchus Coin Duffer

  4. crystalk64

    crystalk64 Knight of the Coin Table

    Most Eagles are very high grade and they are made for silver bullion investing. The Mint didn't have a clue, when they introduced them, that coin collectors would jump on board and collect date sets. Personally, I wouldn't pay the extra to get slabbed coins when most of the Eagles, as I have already said, are extremely high grade coins and like it or not their value, for the most part, is based on the silver market on a day by day basis. A few of the various dates have increased in value, thanks to collectors not investors, but most can still be purchased in the $9 to $14 range. The 1996 would be the exception here as it is currently in the $30 to $35 range. Good luck and enjoy your collecting!
     
  5. Bacchus

    Bacchus Coin Duffer

    By “$200 or so” , I mean more than $200 and less than $300.
     
  6. raxafarian

    raxafarian New Member

    I saw a set of 86-99 at a local auction and thought I could pick them up until the bid got over 150.00... and some were not in great shape.

    I guess I'll just keep my eye out and grab 'choice' ones here and there.

    Thanks for the input.
     
  7. coinokie

    coinokie New Member

    Book or no book

    If you get Coinworld then there are sets of eagles w/books or you could see if they will just sell a set of coins. They claim to be uncl. and like most Eagles they grade good.
    All depends what you are looking for.
    Personally I see no reason to have uncl. graded set since you can have a full set of proofs that you know are excellent.
    I do have a few graded 86's just for fun but not a set.
    As the say to each his own.Eh
    Good hunting!
     
  8. Midas

    Midas Coin Hoarder

    Nowadays, the mint's quality control for SAE's is much better than in year's past due to the advent of robotics, computers, and overall better attention to detail.

    With that said, a SAE coming from the mint that is not at least a MS68 would be a disappointment. Most SAE's leaving the mint should easily net a MS69 grade. They are not being thrown into bags like the days of Morgan dollars, so if my brand new SAE is NOT a MS69...I would feel jipped.
     
  9. GDJMSP

    GDJMSP Numismatist Moderator

    I think you might find that if you actually submitted them - maybe 1 out of a 100 would get the 69. There will be a lot of 68's and 67's though.
     
  10. SilverDollarMan

    SilverDollarMan Collecting Fool

    I have seen later years 4 as low as $19, certified by top 2
     
  11. Bacchus

    Bacchus Coin Duffer

    And, when I say you can get the whole set, I mean you can buy the whole set at once; you don’t have to buy them one at a time. Several advertisers in Coin World sell them.as a complete 20-coin set, typically about $250.00.
     
  12. JAG90

    JAG90 New Member

    I know a dealer selling non graded 20 coin sets for $239. I also know a dealer selling NGC MS69 20 coin sets in a box for $579.
     
  13. Bacchus

    Bacchus Coin Duffer

    Nobody's going to comment on my link ?
     
  14. GDJMSP

    GDJMSP Numismatist Moderator

    Sorry Bacchus, but what's to say besides the buyer was either absolutely crazy or he never completed the purchase and it was a gag bid ?
     
  15. Bacchus

    Bacchus Coin Duffer

    I'm guessing some sort of ebay scam or setup.

    Some of the folks on another forum who espouse disdain for ASEs were coming unglued about that bid, I guess because they felt this didn't support their own pyramid scheme. ;)
     
  16. GDJMSP

    GDJMSP Numismatist Moderator

    Well I'll tell ya - there's a lot of folks out there who consider the ASE, AGE & APE as nothing but hunks of precious metal - bullion. To them the coins are no different than silver, gold & platinum rounds. And to be quite honest, that's what the US Mint intended them to be & sells them as -- nothing more.

    But back in 1995 the mint got a wake up call. It happened when they issued the '95-W ASE. Calls and letters flooded the mint complaining about them issuing this coin and how they went about it. The mint wasn't aware of it, but there were a great many people out there collecting sets of these coins. And of course the only way you could get the '95-W was if you bought the '95 AGE Proof set. But right at $1,000 that was a bit much for most folks to handle.

    Ever since then, the mint and the coin market have been aware of the collector base for these coins. And they have become increasingly more popular every year. But about 2 yrs ago, the prices for the slabbed bullion coins fell right through the floor. They dropped by 50% or more in a matter of months. This was of course due to the huge numbers that were being slabbed, which was of course due to the high prices the coins had been bringing.

    It's a typical story in the coin market. Prices creep up, then they gain speed and move up even faster. And by the time that Average Joe US Coin Collector becomes aware of just how high the prices are they jump on board the bandwagon - the market for the items has peaked and prices begin to fall because of the huge influx of new material into the market.

    Of course when the prices fall, those who were claiming all along that the coins were just bullion feel that they are proven correct in their thinking. But there's something they never seem to consider. The story is the same will all coins - it happens exactly the same way. History repeats itself again & again & again.

    But just as the collector base is as real as sunshine for other coins, it's just as real for the American Eagle coins. Those collectors ARE out there. And they are just as passionate about the coins they collect as any other collector. And the market for the American Eagle coins will cycle up and down just as the market does for other coins. For it's the people, the collectors, who make the market - not the coins.
     
  17. Speedy

    Speedy Researching Coins Supporter

    There is one ASE I wish I could find for sale.
    NGC graded a 1991 ASE in G-4!!!

    NGC has only graded 3 below MS60---one G-4 and the other two AU50 and AU58.

    ------back to the topic
    I say you could buy them cheaper if you got one here and there...I find that to bee cheaper and also if you want to do a set of slabbed and raw....that is what I'm doing.

    Speedy
     
  18. jblaine10

    jblaine10 New Member

    Great post GD. Lot to absord, but very informational. I have much to learn about this hobby.

    Jeff
    jblaine10
     
  19. Bacchus

    Bacchus Coin Duffer

    Interesting background, Doug.

    I think I just read recently that many of the older gold coins were considered "just bullion" at the time they were put into circulation, also. It wasn't until years later that they became collectors' items (or something like that).
     
  20. The_Cave_Troll

    The_Cave_Troll The Coin Troll

    Just carry one in your pocket along with that (less than) AG Morgan of yours for a decade and then you can have your own G-4 ASE. :D
     
  21. GDJMSP

    GDJMSP Numismatist Moderator


    That is quite true. I have been saying for years that 80 - 100 yrs from now - collectors will be looking at the "bullion" coins of today just as we look at those of yesteryear.
     
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