Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2017 S Silver Eagle on sale 4/4/17
>
Reply to Thread
Message:
<p>[QUOTE="19Lyds, post: 2704727, member: 15929"]AND folks have been successfully placing orders at around 7:30am ET from the US Mint web page on a regular basis.</p><p><br /></p><p>As orders get cancelled, they get put up on the web page from what I understand.</p><p><br /></p><p>As for the quick sell out?</p><p><br /></p><p>I have cards that have $15,000 limits and, had I been paying attention, done some quick calculations, been set up and ready to go at 9:00am PT, and ordered 250 of these which, I'm sure that some of the big boys did. Sell each at double my price and turn a quick $14,000 profit.</p><p><br /></p><p>The numbers were all there. Right in front of everybody's faces. </p><p>75,000 Limit. </p><p>Unique Mintmark. </p><p>No Household Limit.</p><p><br /></p><p>The stage was set before they ever went on sale and ever person that knows how to pull profits from numismatic buyers knew this. They were ready. They were paying attention.</p><p><br /></p><p>The people that were asleep, was the US Mint. They semm to have quickly forgotten the hoopla raised over the Truman and Eisenhower RP's. The Native American Enhanced Uncirculated Coins. The 2011 Silver Eagle Sets.</p><p><br /></p><p>They just cannot seem to learn until after this stuff blows up in their faces.</p><p><br /></p><p>Coulda/Shoulda/Woulda just doesn't cut it after the fact since, once everything is said and done, it's easy-peasy to say what "should" have happened. </p><p>The folks that were paying attention, you know, the ones that always seem to pull in big profits, WERE paying attention and were ready.</p><p><br /></p><p>Of course, this doesn't address the simple collector who only wants to complete a collection at US Mint issue price. To those folks I say, this is the primary reason that one coin will have a higher value than the exact same coin which is no different other than the date. Or the Mint mark. Or the doubling. Or the wrong die being used. Or the wrong coin in the wrong set.</p><p><br /></p><p>It's what numismatics and coin collecting is all about.</p><p><br /></p><p>The TRUE value of the 2017-S Proof SAE will only be discovered in another year or so. Prices could drop significantly OR prices could remain where they are.</p><p><br /></p><p>My bet is that the prices will drop as the current market gets saturated exactly the same way that pothers have dropped. (Remember the Eisenhower C&C Sets? $250 resale out of the gates. Today: $90 is a win for the seller.)</p><p><br /></p><p>The thing is, buy at what you feel you can afford and blow off the fact that you might be wasting a couple of bucks.</p><p><br /></p><p>I do believe that the prices will drop since the 2017-S SAE will also be in the Limited Edition Sets which should up the mintages. BUT, since the US Mint has cancelled the Limited Edition Set in the past, I didn't want to take the chance so I bought one on the after market for $112. I can live with the loss just to keep my DANSCO album up to date and who knows, someday $112 might look like a steal. I don't know but what I do know is that It's just not a chance I wanted to take.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2704727, member: 15929"]AND folks have been successfully placing orders at around 7:30am ET from the US Mint web page on a regular basis. As orders get cancelled, they get put up on the web page from what I understand. As for the quick sell out? I have cards that have $15,000 limits and, had I been paying attention, done some quick calculations, been set up and ready to go at 9:00am PT, and ordered 250 of these which, I'm sure that some of the big boys did. Sell each at double my price and turn a quick $14,000 profit. The numbers were all there. Right in front of everybody's faces. 75,000 Limit. Unique Mintmark. No Household Limit. The stage was set before they ever went on sale and ever person that knows how to pull profits from numismatic buyers knew this. They were ready. They were paying attention. The people that were asleep, was the US Mint. They semm to have quickly forgotten the hoopla raised over the Truman and Eisenhower RP's. The Native American Enhanced Uncirculated Coins. The 2011 Silver Eagle Sets. They just cannot seem to learn until after this stuff blows up in their faces. Coulda/Shoulda/Woulda just doesn't cut it after the fact since, once everything is said and done, it's easy-peasy to say what "should" have happened. The folks that were paying attention, you know, the ones that always seem to pull in big profits, WERE paying attention and were ready. Of course, this doesn't address the simple collector who only wants to complete a collection at US Mint issue price. To those folks I say, this is the primary reason that one coin will have a higher value than the exact same coin which is no different other than the date. Or the Mint mark. Or the doubling. Or the wrong die being used. Or the wrong coin in the wrong set. It's what numismatics and coin collecting is all about. The TRUE value of the 2017-S Proof SAE will only be discovered in another year or so. Prices could drop significantly OR prices could remain where they are. My bet is that the prices will drop as the current market gets saturated exactly the same way that pothers have dropped. (Remember the Eisenhower C&C Sets? $250 resale out of the gates. Today: $90 is a win for the seller.) The thing is, buy at what you feel you can afford and blow off the fact that you might be wasting a couple of bucks. I do believe that the prices will drop since the 2017-S SAE will also be in the Limited Edition Sets which should up the mintages. BUT, since the US Mint has cancelled the Limited Edition Set in the past, I didn't want to take the chance so I bought one on the after market for $112. I can live with the loss just to keep my DANSCO album up to date and who knows, someday $112 might look like a steal. I don't know but what I do know is that It's just not a chance I wanted to take.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2017 S Silver Eagle on sale 4/4/17
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...