New Silver Eagle SF Mint Two-Coin Set

I'm not surprised.......the pre-sale orders are starting on ebay. A 2-coin set for 209.75, another for 274.95. Why would anyone buy these on ebay above and beyond the mint price of 149.99?

I haven't seen any PR70 pre-orders yet, but on another blog someone mentioned $400. I think these flippers are setting the stage for these sets irrespective of the final mintage. The timid ones with cave in and pay the price. But this set is different than the 2006 and the 2011 anniv sets in that we don't know the number that will be minted, so how will this affect the retained value? We don't have anything in mint history to compare with. Both the 2006 and 2011 anniv sets have increased in price and maintained value but this could be different for the san francisco set if they mint too many.

Unfortunately, I think this will be similar to what happened with the 25th anniv. set blood bath that I witnessed (and was unfortunately part of) on ebay.

They should have made a 5 coin set again.

Au contrair....the flippers and dealers will be on this on day one. One doesn't flip months after sales. They will (do) have pre-sales and "get yours now" prices that will suck in the uninformed. Prices will be much higher during the first few weeks of availability and the dealers will have theirs graded and for sale before the normal Joe even has his shipped from the Mint.

Happens with every in demand issue...people just have this need to have everything NOW...and will pay for that privilege

Why wait when you can have your graded set TODAY at twice what you would pay a month from now...kinda like standing in line for days to get that tablet/smart phone on day one instead of just strolling in on day 2

The one thing we don't know yet is if the mint will ship any of these sets before they go off sale on July 04. If they do wait to ship until after all orders are taken then all of the frenzy to get them first will die down. Of course, those who buy first will get theirs shipped first but at least PBGS will have time to get ready to ship quickly. Its not clear to me who the flippers are going to sell to if the collectors have four weeks to get their orders in other than those who mistakenly (IMO) believe that these sets will dip below issue price. One advantage with these sets is that we will be able to open them and examine the coins before sending them in for grading since both coins are unique and in all likelihood the bulk of the sets will ship within one month of the first shipment. With the 2011 set, only a tiny fraction did not qualify for FS or ER but the non-unique coins required sealed mint packaging. With these sets, the TPGs stand to make a lot less money because people who are out to profit will only send probable 70s in for grading. Collectors who prefer slabbed and graded coins might still only send in only the best pair if they buy more than one set. I will probably do like I did with the 2011 set, buy five (one for each family member) and open one set and store the rest in sealed mint packaging for opening sometime in the future. Hopefully, there sets will fit in the small box that PBGS uses for shipping and not take up so much space. As I said before, I don't see either of these coins (in PR69) going for less than $150 in the long term, not as good as the unique 2006 or 2011 coins but far better than issue price.

As one who thinks that grading a modern coin is unnecessary, especially the ASE's, I think Clairhardesty's point about the TPG's getting less business is great. I would never pay a premium for a graded ASE and the FS and ER labels is a joke.

The $149 price for this set is more than I expected. And this should reduce the total number ordered. But I hope there are enough sets ordered to satisfy normal demand. My original estimate was $119 and 800,000 sets. Now I estimate 500,000 sets. I think the issue should still bring more than the initial price in the future, no matter how many are minted.

Ive been having the same debate internally and on here for quite sometime with this set as well.

My personal feeling is that its going to end up with a high mintage, possibly much higher than expected but obviously only time will tell.

I do think the price turns away some people and prevents some normal people from buying a ton of sets. But it will not affect the major dealers who can literally get as many as they want. That alone could result in a 500k or higher mintage.

But also I know a lot of people myself included are thinking if it is a low mintage on the last day or two about grabbing an extra set or a few extras. Either the mintage will already be high by then and most people will say not worth it, or even if it is low nothing is stopping the mintage from being doubled or more on the last day alone.

If even half the people who ordered 1 early grab extras youve more than likely at least double the mintage right there not counting the people who were waiting to get it only if it was low towards the end. I HATE the mint to demand. I wish they would have set a mintage on it, if they werent going to set a mintage just sell a reserve proof ASE as a single coin for 60 bucks like the normal ASE and save us the money of the premiums on the special box ect

If you are commenting on this thread you are probably going to buy at least one set. $149.95 is not that far from buying two raw ASE proofs at $119.90, and those will probably run up again this year to 850,000 coins, whereas even with the evil speculators and flippers, 500,000 sets is a good number for the Mint to make on such a high-priced product. The set will hold its value, it has a unique coin most people haven't seen, guaranteeing the continued rise of the 2006 and 2011 RPs.

I wonder if these are worth flipping?

I think I may be buying 5 to send in to be graded, hopefully scoring some good sets to sell, keeping the best complete set for myself

And definitely one more to open, on a separate order obviously.

Is there potential for profit here?