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<p>[QUOTE=&quot;Juan Blanco, post: 1566067, member: 41665&quot;]Re: Mint Silver Set VALUATION</p><p><br /></p><p>Even though I think &#039;intrinsic value&#039; (the OP&#039;s starting premise) is fair, in truth you need to factor all costs, net as a seller. On a Silver Mint Set, the immediate loss on retail purchase (@ given prices) is exceedingly high and very poor from an &quot;investment standpoint.&quot; </p><p><br /></p><p>1) What you paid new <b>from the Mint : $ 67.95 + s/h?</b></p><p><b></b>2) What it sells for <b>on eBay: ~$ 51.50 (-18% Loss) </b></p><p><b></b>3) What Seller gets, <b>net all costs*: ~$ 41.65 (-33% Loss) </b></p><p><b><br /></b></p><p><b></b><font size="2">*eBay/PayPal&#039;s 15%, plus s/h</font></p><p><font size="2"><br /></font></p><p><font size="2"></font>The OP&#039;s <i>break-even point </i>(based on intrinsic Ag weight <u>and</u> including seller&#039;s cost on eBay) must include Seller costs; purchased at $67.95, <b>Break-even must be Future Sale @ &gt;$ 82.46</b></p><p><br /></p><p>And so, following the OP&#039;s premise for Silver-weight discussion:</p><p><u>If</u> the intrinsic value of the 1.33866 Oz. Ag remains the price-driver ($77.40 intrinsic) <b>then the Spot price (POS) must be ... USD$ 57.82 per Troy Oz. </b>There&#039;s your intrinsic &quot;breakeven&quot; Sell Target on Price of Silver (POS.)</p><p><br /></p><p>Need I emphasize how terrible this investment was? It&#039;s simple: POS was $28. on 8/7/2011 ... for POS @ $57.82, Silver will have DOUBLED while the Mint Set value flatlined. True, there are costs buying and selling bullion also, but I see (and others report) cull Morgan premiums ~ 3%. With patience, you <i>could </i>have bought two ounces of Silver coin for $68 on 8/7/2011 ; at said future date (POS @ $57.82) selling at a modest +3% premium and factoring the exact same costs (ebay, s/h) you will net $99. and realize a gain of $31. or 46% from 8/7/2011. </p><p><br /></p><p>To me, it&#039;s a no-brainer: buy bullion for &#039;investment&#039; NOT depreciating Mint Sets.</p><p><br /></p><p><u>The &#039;Collectible&#039; Vintage Silver Coin Premium:</u></p><p><u></u>This is just one coin date &amp; grade, and maybe it was overpriced in 2011 (the caveat of apples &amp;oranges) but see how the &#039;collectible coin&#039; value and <i>intrinsic premium</i> have apparently fallen. I foresee that trend continues - where gain is all due to intrinsic value increasing, this almost mandates BULLION <u>not</u> collectibles for &quot;investment.&quot; </p><p><br /></p><p>(Dated 8/2/2011: POS $27.42): On another site, I see a &quot;<font size="2">1923 ICG MS64 Peace Dollar. 100% white and well struck. Nice Type coin for the series. $68 shipped&quot; <b>Trader&#039;s Premium, 8/2/2011: 221%</b></font>11/1/2012, POS @ $32.25 : Peace BIN, it&#039;s currently $65. - $80. (Average $72.50) <b><font size="2">BIN Premium, 11/1/2012: ~191%</font></b></p><p>11/1/2012, POS @ $32.25 : Recently Completed Peace Auctions: $44. - 68.25 ; Median eBay auction price: $55. <b><font size="2">Auction Premium, 11/1/2012: ~121%</font></b></p><p><br /></p><p>Hypothetical, POS @ $57.82: Peace BIN will be $ 112. - $ 120. (Average $ 116) <b><font size="2">BIN Premium, Future Date 201?: ~150%</font></b></p><p><b><font size="2"></font></b>Hypothetical, POS @ $57.82: Peace Auctions will average $ 89.50 <b><font size="2">Auction Premium, Future Date 201?: ~ 100%</font></b></p><p><br /></p><p>That&#039;s the trend as I see it: <i>resale premiums falling</i>. I do suppose Silver will eventually go to ~$60. but have NO IDEA <i>when </i>POS might hit $58., 2016 or 2018? </p><p>fwiw: on the Silver Chart, I think we will see additional dramatic declines <i>before </i>that happens.</p><p>Future Ag buying opportunities ahead![/QUOTE]</p><p><br /></p>

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