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2011 Proof Silver Eagle @ $59.95 - Too much?
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<p>[QUOTE="krispy, post: 1197457, member: 19065"]I also got the email reminder today because I too have Proof ASE subscriptions. Yes, it's a lot more this year, but I'm buying for my collection so that's my justification. I'll be buying a few and probably sending a few back due to haze (wash residue), marks or problems I find on some of the examples they send me. The return shipping cost will add a few more dollars to my overall cost of those coins I keep. It's the same old game but in the end the complete collection is worth it to me. </p><p><br /></p><p>Soon after release certain dealers will be offering the same coins graded for even more than the Mint sells them, probably while one can still buy them in OGP from the Mint. To some those will be worth the initial offer price from a dealer. </p><p><br /></p><p>2010 Proof ASEs in OGP are already selling for $65, less than a year since being released. I'm sure the recent dip in silver spot prices and the higher Mint offer price will dissuade some buyers, but that's nothing new. Many will eventually cave and buy one or more for their collections too. </p><p><br /></p><p>The email also mentioned: <span style="color: blue"><b>"</b><b>Due to the high volatility in the market price of silver, this price may be subject to change. </b>We will notify you of a price change before processing your credit card. You may cancel your order at any time prior to processing."</span></p><p><br /></p><p>More likely to rise than drop I'd bet. If the price drops too much they just will not be available for sale. The Mint's pricing of silver coins sold direct from the Mint is becoming more and more like the pricing of gold and platinum products.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1197457, member: 19065"]I also got the email reminder today because I too have Proof ASE subscriptions. Yes, it's a lot more this year, but I'm buying for my collection so that's my justification. I'll be buying a few and probably sending a few back due to haze (wash residue), marks or problems I find on some of the examples they send me. The return shipping cost will add a few more dollars to my overall cost of those coins I keep. It's the same old game but in the end the complete collection is worth it to me. Soon after release certain dealers will be offering the same coins graded for even more than the Mint sells them, probably while one can still buy them in OGP from the Mint. To some those will be worth the initial offer price from a dealer. 2010 Proof ASEs in OGP are already selling for $65, less than a year since being released. I'm sure the recent dip in silver spot prices and the higher Mint offer price will dissuade some buyers, but that's nothing new. Many will eventually cave and buy one or more for their collections too. The email also mentioned: [COLOR=blue][B]"[/B][B]Due to the high volatility in the market price of silver, this price may be subject to change. [/B]We will notify you of a price change before processing your credit card. You may cancel your order at any time prior to processing."[/COLOR] More likely to rise than drop I'd bet. If the price drops too much they just will not be available for sale. The Mint's pricing of silver coins sold direct from the Mint is becoming more and more like the pricing of gold and platinum products.[/QUOTE]
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2011 Proof Silver Eagle @ $59.95 - Too much?
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