Why is this eagle worth more than $55?

So this is a standard 2011 S bullion Eagle. Nothing rare, nothing special.
Why is it currently at $123???? There's already 21k+ graded at MS70? Low mintage...?

The W goes for around $60-$70 for MS70...

Did I miss something - or is this just another case of the grading scheme/frenzy inflating prices?

Over Priced Eagle here




http://www.ebay.com/itm/370552736424?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2649

 

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The fact that the coin (bullion piece) was struck at the San Francisco Mint adds to the value for some collectors. You will have to take the TPG's word for that because the coin (bullion piece) does not have a mintmark. The only "proof" that you have that the coin (bullion piece) was struck at San Francisco is the TPG received an unopened box of 500 pieces with a label that indicates that the 500 pieces in the box were struck at the San Francisco Mint. The slab will have a label stating the coin (bullion piece) was struck at the SF Mint. Otherwise the coin (bullion piece) is indistinguishable from pieces struck at West Point. So the inflated price is for the label.

 

First off it's on auction and the bidding has turned into a frenzy.

Secondly, it also supports the frenzy of anything with the 70 on the label being worth ridiculous money.

 

Ah, the elusive and rare "S" s-less ASE. Now that the mint is coming out with the real deal I wonder what will happen to prices for these slabs......

 

The whole 'slabbing S mints that aren't S mints' thing came from the TPGs as a money making scam.
This has never been done before on coins without mint-marks unless they were errors.

 

This whole slabbing thing is a total rip-off isn't it?
23k of them graded at 70. Still worth $123+?

 

Ah, but the ASE's with the S will be a different surface finish than the "S" ASE's without the S.

 

Is it just me, or are all these ASEs and similar new coin sets simply extremely boring? Not the design, but the whole thing. There are so many MS-70s, all these tiny little designations... it's mind-numbing and disheartening for the collecting hobby in my opinion.

 

The coin price is not really that far off of any MS70 Early Release or First Strike™ Silver Eagle. S, No S, W, or whatever.

http://www.ebay.com/itm/2011-S-1-PC...85?pt=Coins_US_Individual&hash=item5646a1546d

http://www.ebay.com/itm/2011-Silver...603?pt=LH_DefaultDomain_0&hash=item53e994a58b

http://www.ebay.com/itm/2011S-Silve...366?pt=LH_DefaultDomain_0&hash=item3a6b79240e

 

And with the bidders ID's hidden who knows who is who in the bidding?

 

It's you...........

 

And me.