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 Replies: 84 / Views: 9,552 |
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Bedrock of the Community
 United States
11951 Posts |
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Silver investors are not interested in paying more than spot for silver I am sure the collectors buying these sets are not buying them for the silver investment. |
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Pillar of the Community
United States
6326 Posts |
For not having a 2009 Proof ASE...(a stupid oversight with Congressional law IMO).... THE U.S. MINT OWES US A "SPECIAL" SET..  ... AND "OWES US" TO KEEP THE MINTAGE AS IT IS. Overproducing for profit is what they do with EVERYTHING....how about "one teeny tiny little exception here for once" ! ......  Having something everybody wants is "special". Having something everybody HAS is "less than special". And yeah, I agree...... this Set has NOTHING WHATSOEVER to do with "Silver investment". "Bullion investors" would never buy this Set, because they can't get it for "melt".....  Edited by eaglefoot
10/28/2011 10:00 pm
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Bedrock of the Community
United States
11951 Posts |
Quote:
Modern sets that are artificially made scarce have never held value longer than 15 to 20 years (correct me if I'm wrong Maybe you can give me a example of a low mintage set your thinking about. What pops into my head is a low mintage set that was not really popular when it came out .. a 1915 pan pacific set. I think it is worth a little bit now. Well you could go with the whole classic commemorative half dollar set. They were not very popular at all when they came out |
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Pillar of the Community
United States
3540 Posts |
I bought to flip. Some people don't care for this, but, I will go out on a limb here, I bet 95% of these sets were bought for the same reason.
My profits are going directly back into the numismatic side of the hobby.
No different than somebody selling off their collector grade silver for 25 to 35 times face value or me flipping a modern set for a profit.
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Valued Member
United States
493 Posts |
Look for the same kind of behavior the 20th anniversary sets let out, but add on the we already did that effect, current demand, the lower mintage, as well as quality of the mint dies, and end result. They won't increase the mintage, we live in the land of the popularity contest.
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Bedrock of the Community
United States
11951 Posts |
I hear you acloco. I see nothing wrong with making some money. I think that is what
most collectors think, weather for themself .. or for a future generation.
I started this discussion just to see what members thought the price would go to.
I did not forsee the bad feelings of those that did not get a set .. or did not want one.
If I did not get my sets, I would have paid the going price to get one. I buy a lot of coins,
I buy them with hope they will go up in value .. not down.
I am sure these sets will go up to a high level, then come back to a normal trading level for
this type of set.
I would like to sell 3 of my sets to pay for all 5, so it would be nice to sell them for $500 each.
But if they do go to a much higher level .. why would I not want to sell for more?
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Pillar of the Community
United States
6326 Posts |
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I see nothing wrong with making some money.  That mirrors my thoughts exactly..... Quote:
I did not forsee the bad feelings of those that did not get a set .. or did not want one.
 I didn't see any "bad feelings" in your thread here posted by anyone. Nor has anyone mentioned not getting one in this thread. Just curious what you were meaning. I'm happy I got my two Sets......and am sorry for those who weren't able to get them, by the way. And yes, they should get them from ebay quickly....or wait until "the dust settles". But yeah, in the secondary market, once the explosion is over, we'll then see a secondary extended run of the " graded/slabbed" Sets go crazy, IMO. Then..... after that settles down, I think it will hold to around $650.00 - $750.00 for many years. Edited by eaglefoot
10/28/2011 10:59 pm
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Pillar of the Community
United States
1205 Posts |
I'll vote on the higher end...say 800+, in 5 years.such a low mintage......and, I am no expert, but, I don't think the mint can "change" the rules of 100,000 sets, once it's through legistlation....it's passed by Congress I believe, and has to stick...any changes would be a set for the 30th anniversary...
Calvin
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Valued Member
United States
467 Posts |
$600-$900, I am thinking. 20th holding onto 3x original listing price, there is no reason why the 25th with not one, but 2 rarer coins in them would hold onto at least 2-3 times its original price.
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Bedrock of the Community
United States
11951 Posts |
Quote:
I didn't see any "bad feelings" in your thread here posted by anyone. Nor has anyone mentioned not getting one in this thread eaglefoot, your right I read back and did not see it posted like that. I guess it was just a feeling I was getting, because I can not see why anyone would think these sets would only be worth silver value. I should have just asked if maybe the reason members feel that way is because they did not purchase any, or have some logic why they think it will go down in value Why I think it will have value is based on how ASE have traded in the past and how they currently trade. The 10th aniversary, 1995 W with a mintage of 30,125 trades in the $3000 range, after 15 years. The 2006 20th ASE set trades at $300 with a listed mintage for the reverse proof of 248,875. I started buying proof ASE's from the mint in 1986. I have ordered most of them every year, and they all trade for more than I paid for them. In the coin shop I work at, all proof and burnished ASE's trade for more then silver melt .. much more. Based on this information, why would anyone think this 25th ASE set would go down in value? |
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Pillar of the Community
United States
2335 Posts |
I intended to buy a few sets for resale & totally forgot about it. I have absolutely no desire to own a set, it's just not something I can get excited about putting into my collection. I do like to make a profit & saw these sets as a quick flip. Having said that here's my take on value. These will have an immediate increase in value. I expect to see them selling on ebay in the $600-700 range when they are delivered. That price might hold for as much as a year before it drops into the $400-500 range. Look at the recent Lincoln set for an example of this. |
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Pillar of the Community
United States
2589 Posts |
Since these are the semi-keys to the series I would imagine that the 2011 s and p will each go for something in the $450 range at least given the fact that the 2006 p has more than twice the mintgage. With the other three coins factored in I imagine the total price for a set could stablize around $1000 range.
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Pillar of the Community
United States
1213 Posts |
I also meant to get one and got distracted by stuff at work and by the time I got out there, they were backordered so I'm sure that I will not see one. I was hoping to flip it for a profit. I suspect they'll settle in the $700 - $800 range.
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Pillar of the Community
United States
2734 Posts |
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2009S silver 6 piece quarter set for slightly over melt. The mintage is similar (255,532) Apples to oranges: The 2006 Silver Eagle 20th Anniversary Set contains a coin issued only in that set (the 2006 Reverse Proof Silver Eagle). The Quarters in the 2009 Silver Proof Quarter Set are identical to those in the full 2009 Silver Proof Set (694,406). This page has the 2009 Silver Quarters Set at 299,183, in line with the contemporary Mint News Blog DC US Territories Quarters posts. Ironically, I loaded up on extra 2009 Silver Quarter Proof Sets a year ago because their bullion value was approaching the Mint's issue price. So I bought them for bullion value, and as a "collectible" alternative to bullion 2009 ASE's (over 30 million of which were minted). Judging by the amount of BU State Quarters I've seen in my change since 2009 (including a stunning Delaware-D I saved a few weeks ago), I'd agree most State Quarter collectors stopped in 2008...  Edited by DNA
10/29/2011 1:54 pm
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Valued Member
United States
193 Posts |
I don't see any "bad"feelings here but at another web site someone posted that they got 20 sets by using relatives credit cards, There was alot of bad feelings there. I didn't get a chance to order one until I got home form work about 5:00 est and by then I was told my order was backordered. It kind of ticks me off a bit, I have been a fairly regular mint customer and feel that either mintages should have been higher to enable more people to get some or orders should have been limited to 1. I'm not going to be too upset if I don't get one as I'll put the $300 to some other coin use but I was saving up for this set.
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Replies: 84 / Views: 9,552 |
First Page
Posted 10/28/2011 9:57 pm
