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New SF ASE Set. Should I Buy?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 29 / Views: 3,276Next Topic Page 2 of 2
Pillar of the Community
United States
4901 Posts
 Posted 06/02/2012  08:29 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list

Quote:


Hey I'll admit it, I made out like a bandit on the 25th sets! Bought for $299 and sold for $750. I sold three sets and kept two. What could be better?



Quote:

I think a lot of the buzz around this one was first announced was dreams of doing the same thing. Dreams that were quickly shattered


Why are those dreams now "shattered"?..the last raw set sold on ebay yesterday for 749.99. Anyone who bought the 25th Annie sets from the Mint did great..
Pillar of the Community
United States
561 Posts
 Posted 06/02/2012  11:28 am  Show Profile   Bookmark this reply Add Merc Man to your friends list
I think that basebal21 meant that drams of making that kind of profit on this set were quickly shattered.
Pillar of the Community
United States
1388 Posts
 Posted 06/02/2012  11:34 am  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list
Thanks for the sound advice, everyone!
Bedrock of the Community
13014 Posts
 Posted 06/02/2012  12:42 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
Merc man was correct, the 25th sets still fetch a premium because nothing will increase their mintage. These sets will not fetch such premiums
Pillar of the Community
United States
1316 Posts
 Posted 06/02/2012  12:54 pm  Show Profile   Bookmark this reply Add Eng5858 to your friends list


Time will tell, I missed the 25th. set, need to get the Rev pr. coin, to keep up with my set's...
Pillar of the Community
United States
1116 Posts
 Posted 06/02/2012  3:17 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list
I have followed this topic on a few sites and believe that unless you get a 70 grade there is not going to be any upside to this coin. So as usual I am going to but the coin and enjoy it for itself. A number of individuals are planning on purchasing on set at various time over the striking season in the hopes of getting different coins thus increasing the possibility of getting an error. So far I have not heard of any errors in the 25th Anniversary sets that would warrant this approach. But who knows there could have been errors in the sets that have not been opened yet. Personally I think that that approach is more speculation than anything.

Am I going to get this set? Yes absolutely, possibly more than one. But definitely less than 5. I just really want to keep my set intact and up to date. So I can't do that sitting on the sidelines. My set is complete and will remain so.

I don't intend to get rich off this set nor from my 25th anniversary set. I do feel however, if the ultimate mintage on this latest set turns out to be low then there is a possibility of ultimately making something.

I don't believe that all the naysayers will remain on the sidelines looking on so like anything else it will be a gamble but you do have to put your money down to play. I plan on playing.
New Member
United States
39 Posts
 Posted 06/02/2012  8:16 pm  Show Profile   Bookmark this reply Add simonsays to your friends list
Based on recent personal experience sending coins into PCGS for grading, it was a losing proposition. Mostly 69's and I even got a 68 that was toned from a sealed mint package!!

If you get a 69, the value is less than what you paid for the raw coin + grading + shipping. Then, if you have to go out and pay for a 70......its a costly endeavor.

I think that sending coins to make a profit, is for the dealers that send in 100's at a time. If they make $10 on a coin that's what they are in business for.
But for individuals its not worth it. Makes more sense to pay a slight premium once and get the coin in the grade that you want for your set.
Bedrock of the Community
13014 Posts
 Posted 06/02/2012  10:29 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
I think that sending coins to make a profit, is for the dealers that send in 100's at a time. If they make $10 on a coin that's what they are in business for.
But for individuals its not worth it. Makes more sense to pay a slight premium once and get the coin in the grade that you want for your set.


I agree, the only way to make money off it without being really lucky is to send in the moster 500 coin boxes.

I also agree that if you want a 70 just go ahead and buy it. Theres only one modern coin I can think of where that may not be true and that is only because I am yet to see a 2011 Army half dollar pcgs 70. In that case sending some in hoping for the best if you really need one for the collection isn't a bad idea, but if youre trying to make money theres far better ways
Pillar of the Community
United States
5856 Posts
 Posted 06/02/2012  10:42 pm  Show Profile   Bookmark this reply Add barryg to your friends list
I love reverse proofs and will be buying one of these sets for my collection. I wish the price weren't so high, and I wish I could buy just the RP in a nice Mint package, but I'm still gonna get one set. I have no plan to "flip" it, so my only hope is that they don't end up being worth $50 down the road...
Pillar of the Community
United States
4901 Posts
 Posted 06/03/2012  08:54 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list

Quote:

I think that basebal21 meant that drams of making that kind of profit on this set were quickly shattered.


Ahhhhh...now that I actually read it, yes, I get it
Pillar of the Community
United States
1208 Posts
 Posted 06/03/2012  09:27 am  Show Profile   Bookmark this reply Add ratio411 to your friends list
I notice that everyone posting on this subject has an assumption of price.
People are pretty much universally saying this set is already priced at 150.
However, there is no price announced on the site yet.
Where did everyone hear about the price being 150?
They are talking like it is a done deal, and I don't see it.
Pillar of the Community
United States
1285 Posts
 Posted 06/03/2012  09:47 am  Show Profile   Bookmark this reply Add Ceylon62 to your friends list
Are there any collectors anymore OR is it all about trying to make a buck or two?
Pillar of the Community
United States
561 Posts
 Posted 06/03/2012  11:48 am  Show Profile   Bookmark this reply Add Merc Man to your friends list
ratio411: It is official, link below. The Mint just hasn't updated their website.

https://www.federalregister.gov/art...er-proof-set
New Member
United States
18 Posts
 Posted 06/03/2012  12:04 pm  Show Profile   Bookmark this reply Add Bodhi to your friends list
I am going to buy one because I got interested in coins for their historical and artistic significance. For me the monetary increase is merely an ancellary benefit of coin collecting. However if I was looking to buy for investment purposes only then this wouldn't be the set for me. I think one would be better off buying thr 25th anniversary set graded 70. Even at its price on the secondary market there is not much denying the fact that it is going to be a key to the set and key coins historically have outperformed their more common counterparts.
Bedrock of the Community
13014 Posts
 Posted 06/03/2012  4:22 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
I am going to buy one because I got interested in coins for their historical and artistic significance. For me the monetary increase is merely an ancellary benefit of coin collecting. However if I was looking to buy for investment purposes only then this wouldn't be the set for me. I think one would be better off buying thr 25th anniversary set graded 70. Even at its price on the secondary market there is not much denying the fact that it is going to be a key to the set and key coins historically have outperformed their more common counterparts.




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