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 Replies: 84 / Views: 9,540 |
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Bedrock of the Community
United States
11951 Posts |
Being one of the lucky ones that got sets ordered. I am curious what other member think these sets will end up being worth. Thinking about the 20th ASE set, it sold for a $100, then went up to around the $500 range and settled around the 300+ range. It had one special coin (reverse proof) with I think a mintage of 250,000. That coin makes up most of the value of the 20th set. Now we have a 5 coin 25th set with two coins of 100,000 mintage. Logic would lead one to believe these two coins will end up being worth more then the 2006 reverse proof. My guess would be around $250 to $300 for each of these coins. So my guess for the all five coins, this set should settle around $650 to $750 per set .. What do other members think? |
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Pillar of the Community
United States
1903 Posts |
As things normalize and the craziness settles. Based on current silver price being the basement for price I say $450-500
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Pillar of the Community
United States
5821 Posts |
The real question is whether it's better to resell the sets now while the market is hot or hold onto them for the long term in hopes that they will steadily increase in value over time.
I'm hoping for the latter, since I really hate to sell any of my coins. Ever. I'm just hoarding them so my six-year-old son can inherit something tangible when I die (hopefully many years from now).
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Pillar of the Community
United States
1903 Posts |
I would love to hear peoples views on values for "raw", "pf69 set", and "pf70 set" values.
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Pillar of the Community
United States
564 Posts |
I would sell it now. I bet they will be worth a bit over melt in a few years. I just don't see the big deal about them. Yeah the montage is low but so are commemorative coins.
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Pillar of the Community
United States
7840 Posts |
To add fuel to the fire, ebay cancelling current "presale" auctions on this set. I wonder if craigslist is loaded with these now? |
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Pillar of the Community
United States
1081 Posts |
I think they will settle between $400-$500. Afclassic, how can you say they will only be worth melt in a few years? The 2006 reverse proof is still going strong, worth well over $200 5 years later. As mentioned, there are 2 unique coins, so on the low end, I would estimate about $200 each based off the 2006 price, plus these have a lower mintage, so that may also boost the price. So on the low end if silver stays about where it's at, you have $400 for the 2 unique coins, plus melt for the rest, so that brings it to a little under $500.
Edited by DavidZerbato
10/28/2011 7:58 pm
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Pillar of the Community
United States
1817 Posts |
About $600-$750 now, might drop a bit to $500 after the dust settles. Should try to sell at least one set now if flipping.
Edited by Bizybackson
10/28/2011 8:55 pm
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Pillar of the Community
United States
564 Posts |
I just don't see the collector market to stay as strong as you guys think. I have been able to pick up a 2009S silver 6 piece quarter set for slightly over melt. The mintage is similar (255,532). I think more people collect State Quarters than ASE. I guess time will tell. |
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Pillar of the Community
United States
4541 Posts |
there are a lot more ASE investors/ collectors than there are State Quarter collectors. |
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Pillar of the Community
United States
1064 Posts |
What's the chance the mint might re-evaluate the limit, and decide to sell more to satisfy demand? Seems an easy way for them to make a lot more money...
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Pillar of the Community
United States
564 Posts |
Silver investors are not interested in paying more than spot for silver. I do agree the mint might mint more to generate some more income.
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Pillar of the Community
United States
667 Posts |
They could do a lot of things. They could just say do to demand everyone is limited to one set. They could increase the mintage to 200,000 or over a million. That would certainly off set the rarity of the two special coins.
However even both of these ideas would result in just more problems for the mint. Though I would not be surprised to see them increase the mintage.
I think on small mintage sets such as this one they should have set a limit of one. They also should have increased their phone bank and maybe invested in a better ordering system this year instead of next year.
But in the end there is just no way to make everyone happy with such a low mintage on a very popular set.
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Bedrock of the Community
 United States
11951 Posts |
Quote:
I would sell it now. I bet they will be worth a bit over melt in a few years. I just don't see the big deal about them. Yeah the montage is low but so are commemorative coins. I am sure I would not agree with that. Can't compare apples and oranges. There is quite a difference between American silver eagles ( ASE) and commemorative dollars. By comparing the mintage of these two, you can see American silver eagles have a much higher collector base. Check out the mintages and you can see the ASE out sells commemorative coins by two or three times. I am talking just the proof and uncirculated versions, not the bullion coins. For me, looking at the ASE proof and burnished mintages I would say it would make sense there is more than a 100,000 collectors. And as stated the 2006 W reverse proof has held a good trading price, and look and what a 1995 W would cost you. Quote:I just don't see the collector market to stay as strong as you guys think. I have been able to pick up a 2009S silver 6 piece quarter set for slightly over melt. The mintage is similar (255,532). I think more people collect State Quarters than ASE. I guess time will tell Again not sure I agree with this statement. 2009 quarters are U.S. Territories quarters. IMO many State Quarter collectors stopped in 2008. Also looking at the current Red Book it shows mintages for all 6 2009 silver proof quarters at 993,589 each. You have to add silver proof set and silver quarter set together for total mintage. I am not trying to be negative or argumentative just trying to look at all the information, to make informed decision for buying and selling. |
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Bedrock of the Community
United States
11951 Posts |
I see where some are postiong they could just increase mintage .... that has not happened in the past and I am sure it will not happen this time. And as for not liking the ordering system, it was explained very well in the other ASE post. The mint would not .. and should not... make high cost changes to their system for something that happens once or twice every 5 years. Those of us that ordered the 20th ASE and the Lincoln C&C set, know this is how the system works. Both of those sets had low mintage, both sold out and the mint did not make more. |
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Pillar of the Community
United States
642 Posts |
I'd have to agree with afclassic87, Modern sets that are artificially made scarce have never held value longer than 15 to 20 years (correct me if I'm wrong). It's like some lower mintage coins on first run designs. More people held onto them, making the low mintage number not really matter on long term scarcity. A quarter million ASE sets at mintage, and a guarantee that you'll still have that same amount floating around in 50 years. I personally see no long term numismatic value for any American Silver Eagles. Too saturated. |
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Replies: 84 / Views: 9,540 |
Posted 10/28/2011 6:55 pm
