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 Replies: 21 / Views: 4,648 |
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New Member
 United States
5 Posts |
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Bedrock of the Community
 United States
12867 Posts |
5x spot is even more than the US Mint charges (yeah, I see it's a magical 70). IMO don't bother; you'll be able to get these ASEs from your local bullion dealer soon if not already. And if you need a 70, they won't be that high for long. Quote:
What a wonderful way to mark a special occasion in your life or the life of someone you love! [vomit] me [/vomit] And as always, if it makes you happy and it doesn't cause your children to starve, who cares? |
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Pillar of the Community
United States
1302 Posts |
ANACS 70 = PCGS 69. Sorry, no other TPG has the clout to carry premium pricing at that grade. Want a case in point, on ebay right now is an ICG Ike PR70 from 1973. PCGS has never given one that grade and the dozen or so 70s they have graded sell for thousands of dollars. The seller on this auction allows no refunds and is offering it for $230. Remember, its a bargain if its really a 70... wanna take that risk and spend 10x the value of a 69? And as for the Eagles? collect them because you like them or collect them because you want to buy silver coins- don't buy them as an investment- especially slabbed ones- b/c there's little hope at these coins being wiped out and becoming rare. The only rare Silver Eagle is rare b/c it was coupled with a gold set that most Silver collectors couldn't afford. |
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Pillar of the Community
United States
927 Posts |
HSN's prices for coins are high and I would never buy them. However, in a twisted sort of way, HSN is getting the word out to non-collectors about coins that they may have never heard of. And maybe some of them would get educated and start collecting themselves, which is good for all of us. I do enjoy watching the show sometimes to see what they are selling. They are very good at sounding convincing and non-collectors could certainly buy into this hype. Oh well. I also feel that slabbing ASE's is not worth it and I will not buy them unless they are the same price as raw coins. Sometimes they are. |
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Bedrock of the Community
United States
17884 Posts |
Last year they struck the ASE at San Francisco to take pressure off West Pointwitht he huge number of coins they were having to strike. As far as I know there have been no announcement so far that this would continue in 2012. Add to that the fact that the coins have only been available for less than 48 hours so would they know they had San Francisco coins? I suspect that at this point this offering is merely a speculation that San Francisco coins will be available. |
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Pillar of the Community
United States
4901 Posts |
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Pillar of the Community
United States
809 Posts |
I watch those two idiots for entertainment purposes only! I would never buy anything from them. I have plenty of good coin shops around me.  |
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Pillar of the Community
United States
1510 Posts |
same here Quote:
I watch those two idiots for entertainment purposes only!
also the 2 winners on "Coin Vault" and the ever scintillating "fine coins with Barry Chapell" Retired USAF 1983-2003
Edited by Coinstar
01/08/2012 2:46 pm
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Valued Member
United States
306 Posts |
I believe there is a chance that these may be worth a bit of a premium one day too....nothing crazy, but perhaps worthwhile
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Pillar of the Community
United States
4901 Posts |
Quote:
I believe there is a chance that these may be worth a bit of a premium one day too....nothing crazy, but perhaps worthwhile Anything is possible but I would much prefer the same coin in a PCGS slab than an ANACS (and at half the cost) |
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Valued Member
United States
333 Posts |
I would prefer to be the guy that sold those at such an insane premium. I bet they made around $400k not including the money spent on recurring overhead.
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Valued Member
United States
114 Posts |
 I also watched this presentation, very slick, very entertaining. I can see how this would appeal to someone just getting started in collecting, especially with the $15-16 wood case and the 4 ANACS grading submission forms (worth $20 each) they were giving you the ASE for $3 ! |
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Pillar of the Community
United States
1022 Posts |
i received one of the HSN FDOI 70 as a gift. I won't complain. Now my question is will the low serial number commmand a premium in the future, I got #407 of 13,000+ W mint.
Edited by bishftl
01/30/2012 03:22 am
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Pillar of the Community
United States
526 Posts |
Quote:ANACS 70 = PCGS 69. Sorry, no other TPG has the clout to carry premium pricing at that grade. Want a case in point, on ebay right now is an ICG Ike PR70 from 1973. PCGS has never given one that grade and the dozen or so 70s they have graded sell for thousands of dollars. The seller on this auction allows no refunds and is offering it for $230. Remember, its a bargain if its really a 70... wanna take that risk and spend 10x the value of a 69? And as for the Eagles? collect them because you like them or collect them because you want to buy silver coins- don't buy them as an investment- especially slabbed ones- b/c there's little hope at these coins being wiped out and becoming rare. The only rare Silver Eagle is rare b/c it was coupled with a gold set that most Silver collectors couldn't afford. I disagree on this. If AG ever reaches $100.00 dollars as predicted in the next decade, it will not matter as you will get less than a raw eagle. With that said, there are so many different labels, strikes and whatnot for the ASE that I have raw set in a Dansco and an MS69 NGC set complete except for the 25th Anniversary edition. I love eagles that are slabbed and can be had for a relative, easy on the wallet, price. MS69 is far cheaper than an MS70 and like I said, once silver reaches $100.00 who cares. I collect them because I can handle them at will without worrying about damaging the coin/bullion. Anyways, to each his own, I am not arguing your point I am merely stating mine.  |
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Pillar of the Community
United States
1027 Posts |
The mint has sold just over 6 million SAEs so far this month (some of which are certainly still 2011 dated coins) and over 243,000 gold eagles as well. the gold total is more coins than sold in any month last year and the total ounces (122,500) is second only to last January (133,500 ounces in 153,500 coins). The mint has geared up SF to produce bullion SAEs at roughly the same capacity as West Point, remember that the SAEs (bullion and proof) started at SF in 1986. It will be interesting to see if they can set another record year in SAE sales, with SF fully on line 50 million should be easy to reach if demand warrants (that would be roughly 100 coins per minute around the clock for 365 days, 100x60x24x365=52,560,000). Last year's production of SAEs averaged just under 80 coins per minute (including all varieties of SAEs). The introduction of these possibly annual special sets is a good way to make use of slack time on these new presses in SF.
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Posted 01/08/2012 12:48 am
