Discussion in 'Bullion Investing' started by mpcusa, May 12, 2017.
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Where are the prices these days???
I am seeing raw proof coins and PF 69 (NGC or PCGS) sell from $200-$300 lately on ebay (quite a few sales in the $220s).
PF 70 seems to be going for $700 and up.
The NGC Early Releases labels and PCGS SP 70s are going for a bit more than that ($105-$130).
Other rarer labels (like 1st Day of Issue) are all over the place (above $130).
Of course it wouldn't occur to a "marketing type" that perhaps what MAKES it popular is/was that it was going to be a one off.
With the way the 2017s have been "flying off the shelves" since they were released, maybe they plan to do several years until they reach 1 million produced
That would explain it. Thanks.
I just bought the silver Krugerrand from the same vendor in the link provided above. Ordered it Wednesday and received it today - that was lightning fast. It is still way above spot, but I didn't buy it as an investment. I just had to have it in my collection.
While on the topic, I am considering to get a high grade proof coin, but the prices for a proof silver Krugerrand are astronomically high. In the late 1990's, I began to collect PCGS graded modern PR70DCAM coins. It was kind of a fad at the time. I bought a 1981 Type 2 SBA dollar for over $2,000. At that time, there were only 22 in that grade, and that was the going rate at that time. Thank god I sold it. Nowadays, PR70DCAM coins are a dime a dozen compared to late 90's. I still have many proof 70s from that time and took a great loss. Anyway, as the population of PF70UC silver Krugerrands increases, are the prices expected to fall? Or is the mintage low enough to keep its value in check? I realize the answer to this question is speculative, but I would like to hear your thoughts.
Just depends on the year. The older ones will probably take some hit, but a year with a much lower percentage could hold up or even increase if it misses expectations. Regardless though popularity and interest of course could make the additional numbers irrelevant.
I guess you could compare it somewhat to the Pandas where year in and year out they held pretty strong premiums until they blew up the mintage basically turning them into a bullion coin.
There is a known issue with the silver proof coins coming out of the capsule in transit (sealed boxes). I know of at least one case where one of the coins that was loose inside the mint case graded PF70. I would have to see it in person if I were to consider buying one. Rumor has it that some milkspots have started showing up on the silver krugerrands but I will believe that when I see it (first hand or via photos) and not beforehand.
Is there a supposed date that it started like they changed something in their process?
I can confirm the "loose capsule" report. My non-proof capsule keeps opening.
It should be noted that the first (or first several) production runs of the "PU" silver krugerrands had a more shiny finish than the lion share of the ones produced later. The "Mark 1s" had turned up in Europe (coin show in Germany and maybe dealers as well) before MCM announced delays (Late September/October of last year). I have insufficient information to comment further but I will be on the lookout for reports of spotted coins that include actual photos.
The mintage of the 2017 Silver Proof Krugerrand is 15,000.
MCM and some other vendors have already certified a large number.
Looking at the NGC populations, I see 3,196 graded (1,434 PF 70 Early Releases, 240 plain label PF 70, and the balance made up of PF 66-69).
PCGS shows 5 in PR-70, 72 in PR-69, and 6 lower for a total of 83 graded.
So a little over 20% of the total mintage has been graded. Given reports of proof boxes coming with the capsule open, there may be less 70s than the pop reports suggest, but we have no way of confirming that. The PR 70 totals could easily double or they might stay about the same.
Personally, I would not invest in a PR-70. To me the $700+ price seems unsustainable. I believe MCM initially was asking $995 for the NGC Pf 70 and $695 for the PF 69. Prices are already down from that point and I don't really see them going back up. And if milk spots show up on the proof coins, that would be the nail in the coffin.
If one really likes the design, picking up a raw "PU" version at $42.19 provides the least downside risk (it will always be worth at least spot + a few dollars). If one is set on the proof, I would likely opt for a raw one in the original box (inspect it carefully to make sure there are no major issues) or a PF 69 for around $200. My guess would be that the proof will retain a price in the $100-$200 range as long as we don't see a 2018 release with a mintage under 15,000.
It.s all about $$$, if your making money there is no reason to stop, life
Revolves around this simple principle.
Those are ridiculous prices, (THE BUZZ WORDS, LIKE FIRST STRIKE OR EARLY RELEASE) try to lure collectors in thinking that there getting something special
Along with a huge price tag!! in the end just another gimmick by the TPG,S to
Seperate you from your money !!
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