Didnt watch it for too long so I dont know. If they sold them all they made over $131k on an $18k initial investment plus grading fees. And 60 people are in for a surprise after they sobered up! Under the influence or not, you have to believe decisions made at 2 a.m. are not equivalent to decisions made at 2 p.m.
The unsealed box of 5 has dropped in value over the past month from a little over $4k to about $3.8k. The last one sold on ebay on the 17th of April for $3,850. Since that date, a few sellers haven't got any bids with a starting bid of $3,750. I plan to revalue mine to $3,500. Where will they settle. I'm guessing about $2,500 by the end of the year. If it gets low enough, I may open the box. I need to have something to look forward to next Christmas.
I'm pretty ****ed at myself for not paying better attention to US Mint products while I was in Afghanistan. I totally would have picked one of these up when they were selling them.
The question that comes to mind is this. While it appears the price of these is coming down, what will we see next? Will people panic sell because the price is falling and drop the price more, or will the exercize patience and hold onto them creating the appearance of scaricty? The other thing I just don't get is with the large percentage graded as 70, why is the value so much more than a 69, and why get them graded at all if so many of them are perfect or near perfect?
I don't follow your estimation. Opened singles are now selling for $700, no reason to sell an unopened box 'o' five for $3,500. And $2500 for unopened box 'o' five doesn't register, IMHO. Perhaps the stats you are working from are a snap-shot in time, but I don't think they are in line with a trendline.
It is my opinion that ebay is providing the best current market price for the 5 sets in an unopened box. They are now not selling at $3,750 on ebay. The opened individual sets are selling for about $700 or $3,500 total. Thus, I've revised the value of the set down to $3,500. If I were to sell my set today, I won't get a return of more than $3,500 after marketing expenses. etc. Thus, I'm setting the value at $3,500. If it returns to over $4,000 in the next couple of weeks, I will increase the value in my inventory.
Most of the people that I know that sold did so because of the fantastic quick profit and almost all that posted about it mentioned about getting more PM with the profits, so I don't think I'd call them weak hands. How about "smart hands"? I don't see anything wrong with that kind of flip and many are looking for the next quick flip to increase the volume of their stack. Here's a heads up, if the mint puts limits on mintage and household and you get an email from Apmex, Goldmart or any other PM dealer asking to buy for a fast profit, hold off. You have a very good chance that you'll be able to make a lot more shortly after they hit the market. Not really weak, just intelligent.
I was one of the greedy ones and traveled both roads... Got 10 sets and sold 5 unopened on the bay for $3500 about 2-3 weeks after recieving them... Got 5 more in the unopened box in the safe trying to decide what to do next... I would like to have 2 PCGS MS/PF70 sets but decided against sending them in to be graded after hearing reports of dealers getting 4/5 sets as 70's and customers getting 1 set of 70's if you were lucky :/ Personally I think the low end for these sets is about $600 unless you find someone who dosen't know what they have got. Since the unopened boxes have "lotto" potential there will always be a premium, but it is harder to find buyers~ From what I see the cheapest an unopened box of 5 has gone for is $3700~ I think that's about right.
"Smarts," all you have to do is acquire one to enjoy. When the time is right or opportunity comes knocking, my sealed A25s are gone without a regret or second thought. These babies are my most valued holdings, better than money in the bank. And considering what the 20th anniversary set now commands, all A25s have no where to go but UP.
I agree with you Kruptimes the 2006 sets have suprised everyone. The reverse proof with a mintage of 250000 hasSuprised everyone by holding its value and. Going up in value with the arrival of the 2011 reverse proofWonder what the mintage of the 2012 reverse proof in the 75th anniversary set for the san franciscomint is going to be.
I think these will retain their premiums, as with other premium silver, only as long as silver does not return to its role as money. If supply had to compete with that plus the projected industrial demand then it would just be about getting the cheapest metal to meet demand, and less money flowing into premiums IMO. Then again there will always be collectors, but to me this set is a flipper's game. If they had a unique design I probably would have dove in.