Hi there, I’m a newbie to this forum so please be kind. I’m sure this topic has been beat to death already but can anyone explain why coins in sets that are identical to those sold individually are commanding crazy prices? - case in point, the Silver Eagles from Congratulation Sets. Same exact coin right? - or am I missing something.....
First, welcome to the neighborhood, Mikey! I'm sure that someone will come along with a better answer than me, but maybe this will help some. There are special issues of Eagles that are sold directly to collectors by the Mint that have limited mintages, but the most common of these bullion coins are sold only to wholesalers in "Green Monster" boxes of 500 and have mintages in the millions. Chris
Thanks Chris - but take the Congratulations set. It has a Proof W Eagle which is the same coin as the one sold individually. I saw a guy on one of the home shopping channels hawking a certified proof W Eagle with the label saying that the coin was from the Congratulations Set and rare, rare, rare for $400!! Is there a difference between that Eagle and the others selling for about $80 certified!!
Silver Eagles have a large collecting base that want one of every single kind and that includes different product offerings.
You're not old school, you're just exercising common sense. Like Idhair said, pretty much disregard anything you see on the coin shopping TV shows. Their prices have no relationship to true market values.
Nobody said they're not. Doesn't invalidate the recommendation to disregard what one sees on TV coin shows.
Well, here’s my 2 cents.... I have been an avid coin collector for many years and buy my modern coins from the Mint. I recently by accident caught a Coin Collector program on one of the cable channels early one Sunday morning and was appalled at what I saw. I believe the grading companies and coin marketers are ruining the hobby by creating artificial rarities with certified coins with ridiculous labels to improve their bottom lines. There is no difference in a coin simply because it is sold in a different package or purchased at a different time of year. Those that pay exorbitant premiums for Early Release, From Anniversary Sets, etc. will be in for a rude awakening if/when they ever try to resell because buyers will ultimately say that they are all the same, given the same grade, and offer on premium. What is really sad is that I would guess that most of these coins sold on TV are purchased not by coin collectors, but by relatives as gifts for children, grandchildren, nephews, etc. who are being duped big time. What a great way to bring in new collectors to the hobby!!
Not true, they keep their premiums the question is just how much of a premium. These aren't new designations they've been around for many years and some people like them. You don't have to like them or get them but their market is very easy to see with higher prices and popularity
Not once you take them out of their respective US Mint holders. But if the TPG takes it out of the holder and puts on the label which holder they took them out of, collectors pay crazy money. Crack them out of the holders and they are back to being the exact same coin again.
