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 Replies: 222 / Views: 23,802 |
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Valued Member
United States
430 Posts |
The thing that is crazy is the price going for the 2016 congratulations set ASE. People are paying more than a grand on it, even though the coin itself is no different, you just have a crappy cardboard folder that only sold less than 6,000. Suddenly, the 2016 Congratulations ASE is the new key! Crazy stuff, what a time to be alive. |
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Pillar of the Community
United States
1913 Posts |
Even the certified 2016 ASE's that are labeled as being from the Congratulations Set are selling at an premium. They're buying the coin holder and not the coin. I could pay that kind of money, but I'd never forgive myself for being so careless. |
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Pillar of the Community
 United States
4901 Posts |
Holy crap  I did not know that....I always treated that product as just another W in different packaging (which it most definitely is). Just proves the fact that, if you are buying for eventual sale, you can't ignore what someone else thinks is valuable. I would NEVER value this as unique but some obviously do. I should have learned from the 2006 Annie set though...same thing...2006 W from the set sells for 10 times what the same coin not from the set does. Same coin....10x....fact |
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Bedrock of the Community
United States
10048 Posts |
Quote:The thing that is crazy is the price going for the 2016 congratulations set ASE. People are paying more than a grand on it, even though the coin itself is no different, you just have a ... cardboard folder... This kind of thing and different labels on the same slabbed coin remind me of Beanie Babies. All the more power to those who enjoy collecting them. I sincerely hope the bottom does not drop out on them some day though. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
7390 Posts |
2016 congrats set must have got a Trump bump too!  |
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Bedrock of the Community
 United States
12869 Posts |
Earle42, I was about to argue with you a little on the Beanie Baby analogy, but the more I think about it, the more I think you're right. The only point I can argue is I am not aware of any TPGs in the 90s when Beanies were hot. The only things that mattered were the Beanie, its tags, generation, and condition. And to your point, the tags were often the only thing that changed on the same Beanie. Occasionally there was a fundamental change in the toy from generation to generation. (So on a whim I searched for "Beanie Baby grading" and, lo and behold, there are a number of very professional-sounding graders and authenticators out there ready to send you a Microsoft-Word-generated COA printed on their InkJet printer for a modest fee.) |
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Pillar of the Community
United States
4901 Posts |
Professional grading of any collectible was established with the purpose of making it easier for the collector to determine the authenticity and quality of what they are buying...sometimes sight unseen. Comic books, baseball cards autographs, sports items, paper money etc. etc. etc. are available with either a grade or COA... But...a helpful coin service has gone a bit whacko with waaay too many "labels" confusing and complicating the hobby. When I collected Morgan dollars it was simple....Buying a 1885-S MS65PL certified by one of the top 2/3 TPG's I kinda knew what I was getting.... It seemed that the ASE changed things...too boring I guess to just see MS69 on every label..let's put a picture of somebody there, maybe a signature, which set it came from, maybe which day of the week it was minted. Complicated and lame (opinion) But...facts are...collectors buy them. Otherwise they wouldn't exist. Just because I don't agree with or understand the purpose for something doesn't remove it from being a potential sale item... ...and then there are Beanie Babies  Edited by Foxwoods Man
08/22/2017 06:58 am
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Moderator
 United States
190135 Posts |
Quote:
Just proves the fact that, if you are buying for eventual sale, you can't ignore what someone else thinks is valuable. I agree. |
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Bedrock of the Community
United States
10048 Posts |
 The problem is knowing when to make a hasty retreat when dealing in something with no inherent value. Obviously silver and gold coins have inherent value. Services, if they are worthy of value given, must be willing and able to be accountable by having verifiable standards and repeatable results. For my money, it is up to a business to prove what they do will has consistency that withstands tangible scrutiny every time. Learning from the Beanie Baby craze, mass acceptance of a service/product has nothing to do with legitimacy. I have also learned to be wary of a business/product when they resort to dreaming up new ways of marketing the exact same product under a different guise/label just so people will see one as more valuable than the other. |
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Valued Member
United States
456 Posts |
I like the 2016-W proof. The edge lettering is an interesting twist in the proof series. That said, I wouldn't give a cent more for one that came in a "congratulations" set. I don't expect collectors fifty years in the future will care much either. Just my .02
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Bedrock of the Community
United States
12869 Posts |
@AES, I'm sure you're aware that the 2017 S-Proof ASE is (at least at this point) exclusive to the 2017 Congratulations Set and the 2017 LESPS. It's not just a W-Proof in alternate packaging. |
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Valued Member
United States
456 Posts |
Yes, I'm aware that the 2017-S proof eagle has a limited mintage and has only been available through the congratulations set so far. I have a number of these stashed. My comment was regarding the 2016 congratulations set that some have been paying a grand to obtain.
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Bedrock of the Community
United States
12869 Posts |
I gotcha. I missed that you said 2016.
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Pillar of the Community
United States
1026 Posts |
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Pillar of the Community
United States
4901 Posts |
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Replies: 222 / Views: 23,802 |
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Posted 08/21/2017 12:08 pm
