I was just looking on ebay at some graded silver coins. I camr across a 2001-S Silver State quarter set in a multi holder, all graded PR69 DCAM. It ended up selling for $51. One sold earlier today for $46, both free shipping. On numismedia the value for about any silver state quarter graded a 69 is over $20. If you happen to have the 10% ebaybucks promotion, the $46 one ends up being 41.40 or 8.28 per coin, which is basically the silver value of the quarter. Can anyone explain this?
Here's the thing. Proof sets are purchased in huge quantities at about silver value, and anything that makes 69/70 is sold. That's likely what he did. Well, that guy held the silver, and now is selling when silver is $50/ounce. He is making a ton of money, as silver value now isn't silver value in 01
The rising silver value of the coins has overcome the numismatic value. Second point is that the numismedia prices don't represent their actual numismatic value.
Yes HAS BEEN realised, it doesn't necessarily mean they will still realize those prices. They might, or they might not depending on the market is doing right now. I admit I don't know what it is doing right now for those coins because I don't follow them but we all know that numismedia prices do not always reflect the current real value for all coins.
