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Will somebody mind explaining reversed proofs to me
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<p>[QUOTE="John Burgess, post: 8198897, member: 105098"]I have to assume this must be in reference to the 2019 S enhanced reverse proof Silver Eagle. nothing else was that crazy.</p><p><br /></p><p>they were a mintage of 30,000, they sold, according to records, 29,803 of them. and considered sold out (i'd assume the remaining are damaged returned product), That took about 10 minutes to happen on the mints website. it was $64.95 each, Household limit of 1 per. </p><p><br /></p><p>It was first come first serve, dealers and everyone else, get the order completed before it sold out and fight their sever crashes, it was quite literally, random chance to get an order placed for the lucky ones than managed to get it done. This is the item that got them into the allocation of a percentage of the mintage to the preferred dealers to take them out of the "sale day rush", probably also the first time they realized bots and scripts were crashing their site for sales too. the item was that hot, and released Nov. 14th, just in time for Christmas shopping season for the loved coin collector... a great gift....</p><p><br /></p><p>The 2019-W Enhanced Reverse Proof silver eagle in the Pride of Two Nations set is a mintage of 110,000. This is still very reasonably close to the issued price, and visually just about the same thing as the S mintmark one. </p><p><br /></p><p>it's worth so much because even now, it's still in high demand. </p><p><br /></p><p>Heck similar situation with the 2020W V75 proof eagle, mintage 75,000, sold 74,742, Issued price was $83.00, It sells for $300 up to $375 ungraded. I've seen closed shipping boxes sell for above $400 while a graded PR69 sell for less than $300 to right around the ungraded price of $350 or so. </p><p><br /></p><p>So, I won on getting the 2019 S ERP, and on getting the 2020 W V75, and it was a fight to get the orders completed, no joke about that. </p><p>I broke about even on the Pride of Two Nations set, and now the 2021 Silver eagles Reverse Proof designers edition set with the two types of silver eagles, which both sell for right around issue price. I'm not in it for the money, I've never sold a coin from my collection, but it's nice to know a couple items have value and that they all weren't losing or break even purchases. </p><p><br /></p><p>I have hope the 2021 Reverse proof designers eagle set will one day realize a better value, I have hopes as the new design continues onward, that first RP eagle of the new design might be seen as "clutch" to a set and in short supply for the amount of collectors looking to have a set. But that's "down the road" from now quite a ways and pure speculation. </p><p><br /></p><p>I dont' think the 2019S is going any lower than it is now, I don't think the 2020W V75 will go much lower either. As long as the demand is there, and they keep trading regularly on ebay where it's at, I can't see it coming down. By now the flippers are long gone from the scene on both issues.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 8198897, member: 105098"]I have to assume this must be in reference to the 2019 S enhanced reverse proof Silver Eagle. nothing else was that crazy. they were a mintage of 30,000, they sold, according to records, 29,803 of them. and considered sold out (i'd assume the remaining are damaged returned product), That took about 10 minutes to happen on the mints website. it was $64.95 each, Household limit of 1 per. It was first come first serve, dealers and everyone else, get the order completed before it sold out and fight their sever crashes, it was quite literally, random chance to get an order placed for the lucky ones than managed to get it done. This is the item that got them into the allocation of a percentage of the mintage to the preferred dealers to take them out of the "sale day rush", probably also the first time they realized bots and scripts were crashing their site for sales too. the item was that hot, and released Nov. 14th, just in time for Christmas shopping season for the loved coin collector... a great gift.... The 2019-W Enhanced Reverse Proof silver eagle in the Pride of Two Nations set is a mintage of 110,000. This is still very reasonably close to the issued price, and visually just about the same thing as the S mintmark one. it's worth so much because even now, it's still in high demand. Heck similar situation with the 2020W V75 proof eagle, mintage 75,000, sold 74,742, Issued price was $83.00, It sells for $300 up to $375 ungraded. I've seen closed shipping boxes sell for above $400 while a graded PR69 sell for less than $300 to right around the ungraded price of $350 or so. So, I won on getting the 2019 S ERP, and on getting the 2020 W V75, and it was a fight to get the orders completed, no joke about that. I broke about even on the Pride of Two Nations set, and now the 2021 Silver eagles Reverse Proof designers edition set with the two types of silver eagles, which both sell for right around issue price. I'm not in it for the money, I've never sold a coin from my collection, but it's nice to know a couple items have value and that they all weren't losing or break even purchases. I have hope the 2021 Reverse proof designers eagle set will one day realize a better value, I have hopes as the new design continues onward, that first RP eagle of the new design might be seen as "clutch" to a set and in short supply for the amount of collectors looking to have a set. But that's "down the road" from now quite a ways and pure speculation. I dont' think the 2019S is going any lower than it is now, I don't think the 2020W V75 will go much lower either. As long as the demand is there, and they keep trading regularly on ebay where it's at, I can't see it coming down. By now the flippers are long gone from the scene on both issues.[/QUOTE]
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Will somebody mind explaining reversed proofs to me
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