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Valued Member
United States
333 Posts |
I like mint by demand. I know that it decreases the potential for price appreciation, but the mint doesn't exist for collectors and dealers to make money on the hobby. Why have a mintage limit for these but not the yearly proof issues? Why not a limit on the clad proof sets?
These will still likely gain value in time, but for now I'm going to enjoy the hobby for what it is, an appreciation for coins, not the appreciation of coins.
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Bedrock of the Community
United States
17884 Posts |
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it would of mirrored the contents of 2006 20th Anniversary set perfectly. How times change, that set sold for $99.95 and it sold out in a day and a half, if I recall correctly. Actually it was two or three weeks. |
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Pillar of the Community
United States
2734 Posts |
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The reverse proof should be used sparingly and in mintages of 100,000 or less. That makes too much sense!   Quote:
Otherwise it just becomes bullion and that would be a shame. When silver made that run up to $49 last year, almost all of my Proof ASE's were "bullion" value by default. If your "collector" coin is worth more in melt value than what you paid for it, it becomes bullion in that sense. This reinforces Andrew289's point: If there are 500K or more 2012-S Reverse Proofs, and silver made another big record-breaking run in 2013 or after... Edited by DNA
04/27/2012 10:34 pm
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Pillar of the Community
United States
4901 Posts |
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it would of mirrored the contents of 2006 20th Anniversary set perfectly. How times change, that set sold for $99.95 and it sold out in a day and a half, if I recall correctly.
Actually it was two or three weeks. Go with the two...  Quote:
20th Anniversary - In 2006, three piece silver eagle sets, as well as a three piece gold eagle, and two piece silver and gold eagle 20th anniversary sets were issued. In the three piece sets, the U.S. Mint included a "reverse proof" eagle which has mirrored devices and frosted fields - the opposite or "reverse" of a normal proof coin. The sets were limited to a maximum production of 250,000 with a 10 sets per household limit. The entire run of 20th anniversary silver eagle sets sold out in two weeks. |
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New Member
United States
39 Posts |
This is my first time on the site, I find it extremely helpful and reassuring hearing the comments of collectors like me. I got burned with the 25th Anniv. AE set as well and paid the price on ebay just like some of you. I agree that AE reverse proofs should be reserved for special occasions like anniversaries and not produced every year. They would not be speacial then. The mint should have made this 2012S set a three coin set to mirror the 2006 Anniv. set to be consistent. And why didn't they make a 25th Anniv. Rev PR $20 gold eagle last year? Maybe for the 30th Anniv.!! Mintage to demand means that we will all be able to get at least one, but they will have to put a house limit so that one person or dealer does not corner the market. Does this sound right? By the way, I collect $2.5 indians, $20 St. Gaudens and modern AE's. Will check out these forum if they exist. Hope to hear you comments, Thanks. Simon |
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Bedrock of the Community
13014 Posts |
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Mintage to demand means that we will all be able to get at least one, but they will have to put a house limit so that one person or dealer does not corner the market. Does this sound right? With mintage to demand there is really no reason to have any sort of limit. Unless they have some hidden maximum that they will make of the sets. Even if someone ordered 1 billion sets everyone else would still be able to order as many as they want since its to demand. |
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New Member
United States
39 Posts |
I just read that there will be no household limit. Good for collectors wanting to get a hold of a set at original mint price, but bad for dealer and investors. I'm a relative novice, but I know that mintage and grade are key factors for determining numismatic value. With unlimited mintage this set will never compare to 10th Avnniv. 1995W AE (mintage 30K), 2006 20th Anniv Silver AE sets (250K) or the 25th Anniv. set (100K). What made the 25th Anniv. Set special was its limited mintage. That's why there was a feeding frenzy on ebay in the weeks following the mint sell out. I bought several sets and was "ravaged"  just like all the other average coin collectors. |
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Pillar of the Community
United States
4901 Posts |
Now that you have found a coin forum you have realized it would be MUCH better to buy these special issue direct from the Mint. That said, if you cannot do that then DO NOT buy them during the feeding frenzy right after the 1st coins are put up for sale.
This is actually a great time to add to your stock of the 2011 RP's and S's. Right now the 2011 RP is all the talk is about because of the mint to demand 2012's BUT I am sure there will be an S mint burnished this year with WAY more minted than the 100k of 2011. Both 2011 coins will be keys of the series....
Edited by Foxwoods Man
04/28/2012 5:01 pm
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Pillar of the Community
United States
2734 Posts |
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Good for collectors wanting to get a hold of a set at original mint price After that whole 2011 mess (where I had to take a sick day from work just to make sure I could get my A25 Sets from the Mint!), I'd say the Mint owes everybody who was shut out of the A25 Sets a reasonable chance to get a Reverse Proof (and an "S" Proof that even the A25 Set didn't have) at issue price. 800-900K Mintage for these (in the same range as "W" Proof sales for 2010 and 2011) would keep this Reverse Proof (and the "S" Proof it's paired with) reasonably priced. Quote:
Unless they have some hidden maximum that they will make of the sets. The 2010 "W" Proofs sold out at 860,000, and the 2011 "W" Proofs sold out at 850,000 individually packaged coins (even though these "W" Proofs were, in theory, not mintage-limited) Thus, if the Mint's counter gets close to 800K and you're still sitting on the fence, you might want to go ahead and order your Set(s) at that point. Edited by DNA
04/28/2012 10:47 pm
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Rest in Peace
United States
9104 Posts |
 , simonsays! Quote:
By the way, I collect $2.5 indians, $20 St. Gaudens and modern AE's. Will check out these forum if they exist. Just remember, you need 50 posts to buy. |
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Pillar of the Community
United States
927 Posts |
I will order 1 of these sets because there is a reverse proof in it. I got 1 of the 2011 sets and it is beautiful. That being said, I hope they don't make the reverse proof every year. I think the mint should mix up the "special" set so it is different each time. With no maximum mintage, it should be interesting to see if this set sells about the same as a regular ASE proof. I think it will be close. Bad for the speculators, oh well. |
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Bedrock of the Community
13014 Posts |
Quote:I will order 1 of these sets because there is a reverse proof in it. I got 1 of the 2011 sets and it is beautiful. That being said, I hope they don't make the reverse proof every year. I think the mint should mix up the "special" set so it is different each time. With no maximum mintage, it should be interesting to see if this set sells about the same as a regular ASE proof. I think it will be close. Bad for the speculators, oh well. Personally I like the idea of a reverse proof every year in a special set and coming out with more special coins. That said I only want them to do it if they do make them with low mint limits actually making them something special. Either way I love the reverse proof design and would more than likely get one along with the normal ASE but the specialness will certainly wear off if they are mass produced |
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Bedrock of the Community
United States
17884 Posts |
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Now that you have found a coin forum you have realized it would be MUCH better to buy these special issue direct from the Mint. For this years set, with a four month order period and no household limits it might make more sense to wait and buy them on the aftermarket. I suspect that everyone and his brother that wants one or more of these is going to buy it and then it will turn out there a lot more of them available on the market than there are collectors that want them. It would not surprise me at all to see this set fall below issue price and eventually head for just a little over bullion. |
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Pillar of the Community
United States
4901 Posts |
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For this years set, with a four month order period and no household limits it might make more sense to wait and buy them on the aftermarket. I suspect that everyone and his brother that wants one or more of these is going to buy it and then it will turn out there a lot more of them available on the market than there are collectors that want them. It would not surprise me at all to see this set fall below issue price and eventually head for just a little over bullion The set will be on sale for one month not four. Good luck on getting one a tad over spot. The 2004/05/06/10/11 proofs all had a mintage north of 800k. Try finding one near spot. The mintage will be similar here but the difference is the RP which will help prices a bit. Still these will not be big profit items but I doubt seriously that they will be money losers. |
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Bedrock of the Community
13014 Posts |
The only way it really makes a lot of sense to just wait for the after market is if you are only interested in a perfect 70 slabbed set.
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Posted 04/26/2012 11:20 am
