American Eagle Set Mint Condition 1987

Prove it instead of showing your ignorance.

 

Log in or Sign up to hide this ad.

In your price range for a set containing AGEs, this set jumps to mind...

1995-W 10th Anniversary Gold and Silver Eagle Proof Set $5,585

Can you explain why this set lists for this price?

 

Anybody else hear "ding! ding! ding! ding! ding"?

 

One doesn't usually consult a Red Book for coin prices but the 2010 Red Book gives us the 1995 5-coin set mentioned above at $6,500 and the 1987 gold bullion set at $1,650, now obviously spot price of gold affects the actual value and these prices are dated by the time of publication. Also the prices given for the sets in the Red Book are the collectors sets issued by the US Mint where the OPs set is not from the US Mint but rather assembled by a secondary market coin/bullion dealer composed of bullion issue coins made into a set to imitate authentic US Mint products. It's not a knock off, the coins are probably the real deal, but they are bullion versions, not proofs. The dealer who created the OPs set were at the time of issue, marketing a product to capitalize on the then new series of gold coins that were coming to market from the US Mint. Under-informed buyers may have paid much more for these coins than what they could have acquired directly for the coins as bullion or in actual collectors versions if acquired from the US Mint in original Mint packaging.

 

Hi analog!
I was primarily a stamp guy too when I started. Do you collect PNCs? I'm into finding PNCs on Mint produced First Day Coin Covers. I've found some doubles and would be willing to trade to fill my needs list!
-Robin
(centerpiece attached!)

 

Ladies First,

I will have to go through my stamps and take a gander. It's been a while since I've even opened that binder. But those pictures sure are perty! I've gotta get my scanner working.

To all in this discussion: I didn't mean to cause such contest in determining the value (spot and numismatic) of this set I have. Whoops.

However, I conversed with a rep from MTB. I sent him the same pictures I posted here of the 1987 set. He told me: "They are mint condition. They are business strike “mint state coins”." I figured these coins to be around 2100 + numismatic value of around 500-600. Maybe. This is only my guess.

Don't get me wrong, I would love to sell these coins for 6500! But I doubt that would happen. Even at an auction.

I would like to thank you all for your help in determining the value of this set I have.

Enjoy your day.

 

You're certainly correct in your estimate range of value by basing on current spot, today that alone being just shy of $2000 for the four coins. The other poster yesterday is clueless about these coins and needed to be corrected swiftly due to the misinformation they were spreading.

Incidentally, "mint condition" is quite a misnomer. They are 'mint state' or MS, and commonly referred to as uncirculated (unc) bullion coins.

I wish you could sell them for a bunch more too, but it's very unlikely to happen unless you are parting a fool with their money. Maybe the other misinformed poster yesterday has that kind of money to spend and would be willing to pay you that much for them in so doing, proving his point.

Another thing, maybe you have the receipt or the dealer told you the price these sold for in 1987, here's a historical price chart for gold London fix prices in the year 1987 for comparison to today's going prices (kitco.com).

Thanks for sharing your coin set and bring about some lively discussion.

 

I know the dealer will buy it back for the current spot price (or a bit less). But I'd like to get a little more out of it. We'll see.

 

You would likely get more selling it yourself on eBay, eBid, Craigslist or other type DIY auction sites. The dealer will only pay a little back of spot in all likelihood.

 

That's typically what your going to run into with a dealer... a few percent back of spot. Your better off looking for an individual who would be interested in them. Pricing them 5%-9% over the spot price of gold to an individual is about right... at least in my little neck of the woods it is.

EBay is probably not going to be a good place for you as after the fees you'll most likely end up netting about what the dealer was offering you. But a craigslist listing or a classified ad would be the way to go.

 

Good to know! I'll try a craigslisting. We'll see what turns up. I figured ebay wouldn't be the wise choice. Thanks!

 

JMHO, stay away from craigslist as it's doubtful you'll get any serious buyers from there.

eBay and eBid are your better choices to list your set.

 

Hmm. I'll look at both. It can't hurt to post. Unless "posting" involves thorns, or lava.

 

True about Craigslist, though one shouldn't entirely discount that site if you are already comfortable using it as a venue for selling. The other auction sites are fraught with fees and the occasional troublesome customers that you should be aware of and prepared to deal with before listing an item. :thumb:

Also, please note that CoinTalk has an OPEN section where you can list items for sale.

 

Craigslist is loaded with cheap buyers, and scammers. You'll be inundated with many an email offering over payment that you'll have to return the difference, and other such drivel.

My suggestion to sell this set, and avoid the childish nonsense of craisglist, and the fees with eBay or eBid are more than you're willing to pay; is to try and sell them through a classified ad with your local newspaper.

 

Happy Friday!

Question for you all.

What grade would you give this set? MS ... ?

If anyone needs closer or more detailed photos, please let me know.



analog

 

As stated many times before in this thread your coins are Uncirculated (MS, Mint state)

And to consider the issues of grading properly you would need to post better close up photos of each coin and each side, cropped close and the photos need to be sharp.

AGAIN, these are bullion coins in uncirculated condition and not typically something that one 'grades' as you might with a collectors version. They are investment bullion and the value goes by spot plus a small premium over daily market spot prices for the AGE coins. You will find TPG graded bullion buy you shouldn't pay much more than spot for such coins.

 

I agree with Fishfinder.