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Bedrock of the Community
13014 Posts |
Wif that is true, but condors basic premise was right. The much older coins and the older ASEs you have to adjust for inflation. Id be willing to bet 30 dollars was worth more in 88 than 60 dollars is now
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Valued Member
United States
377 Posts |
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Wif that is true, but condors basic premise was right. The much older coins and the older ASEs you have to adjust for inflation. Id be willing to bet 30 dollars was worth more in 88 than 60 dollars is now If you are going to count inflation that would include 99.9% of the coins ever issued, common morgans have lost money if you include inflation |
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Bedrock of the Community
13014 Posts |
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If you are going to count inflation that would include 99.9% of the coins ever issued, common morgans have lost money if you include inflation I get that and for coins that old I dont think inflation is something that should be included. However for coins in the last say 20 years I think its relevant to include. Say you bought and ASE when Silver was 5 dollars an ounce for 35 bucks and then silver hits 35 an ounce and theyre now selling for 60 bucks. The coin itself has lost value as silver went up 30 dollars but the coin only went up 25. The coin itself is more expensive but for the value you are getting from the metal for your money its actually cheaper than before |
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Valued Member
United States
193 Posts |
Alot of good points in this thread, but I think that barring the price of silver dropping substantially, the prices of these sets will hold up well and increase over time. Like Commens said future collectors will want them.
I don't collect coins as a potetial money making system. I collect them because I ike them and as a way to store wealth, also for something to hand down to my heirs. If flippers and speculators are unhappy, maybe they should try another commodity.
Edited by mwr1550
06/12/2012 2:39 pm
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Bedrock of the Community
13014 Posts |
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I don't collect coins as a potetial money making system. I collect them because I ike them and as a way to store wealth, also for something to hand down to my heirs I think the majority of us agree with that. That being said regardless of reason for collecting no one wants to buy anything and watch it lose value which is one of the things hurting the 5oz coins. No one wants to pay 170 for the bullion coin right now only to have it sell for 30 bucks if silver drops back down. |
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Pillar of the Community
United States
4901 Posts |
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I think the majority of us agree with that. That being said regardless of reason for collecting no one wants to buy anything and watch it lose value which is one of the things hurting the 5oz coins. No one wants to pay 170 for the bullion coin right now only to have it sell for 30 bucks if silver drops back down. True...but...I always find it strange that people combine the words "collecting"and "bullion" ..and wow! $6/ounce silver You should be buying bullion coins as a silver only play. You should be collecting numismatic issues to add to your collection or to sell to others for that same purpose. I buy ASE's by the roll as bullion and if spot silver appreciates I sell them unopened with a price totally made by the silver they contain. I buy 5oz. ATB pucks they same way. That's why burnished ASE W's and P pucks come in a box vs. bunched together in a roll. They are collector version of the bullion and should command a premium over their brothers in rolls |
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Bedrock of the Community
13014 Posts |
Quote:True...but...I always find it strange that people combine the words "collecting"and "bullion" ..and wow! $6/ounce silver You should be buying bullion coins as a silver only play. You should be collecting numismatic issues to add to your collection or to sell to others for that same purpose. I buy ASE's by the roll as bullion and if spot silver appreciates I sell them unopened with a price totally made by the silver they contain. I buy 5oz. ATB pucks they same way. That's why burnished ASE W's and P pucks come in a box vs. bunched together in a roll. They are collector version of the bullion and should command a premium over their brothers in rolls Proofs ect should command a premium over melt and does, but if silver goes down so is its price. I dont collect bullion but a lot of puck collectors are thinking of switching to the bullion version since the P series almost certainly will be canceled and no one wants to pay the 70 dollar premium over melt theyre currently charging for them. |
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New Member
United States
30 Posts |
Until today: 125,371 sets were sold.
Edited by bystander
06/13/2012 3:11 pm
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Valued Member
United States
78 Posts |
i posted this in the other thread, but I thought I would put it here too
by looking at the last 3 days of sale on this item, the quantity has gone up by ~3,000 per day. if that figure continues as of today (128,000) that would put it at around 200,000 total - give or take.
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Bedrock of the Community
13014 Posts |
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by looking at the last 3 days of sale on this item, the quantity has gone up by ~3,000 per day. if that figure continues as of today (128,000) that would put it at around 200,000 total - give or take. I would say if were looking at a final number like that just go ahead and except the 90k+ of the first day sales to happen again on the final day. I still think that the approximation is low to try and keep people interested and we wont know the real number for a few weeks after the set is done minting. |
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Pillar of the Community
United States
1255 Posts |
I agree I can see a big up surge of sales on the last day if there are only 200,000 sold before then. I can see another 100 K being sold and the mint's servers locking up and more people complaining that they weren't able to get in on these sets due to the server.
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Bedrock of the Community
13014 Posts |
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I can see another 100 K being sold and the mint's servers locking up and more people complaining that they weren't able to get in on these sets due to the server. How ironic would that be if the exact thing they were trying to prevent happened anyway? Anyone who gets mint surveys PLEASE make sure they know what a terrible idea mint to demand is for sets. At the very least please let them know if its going to be mint to demand just sell individual coins like they do with the normal proofs and not have a special set premium for a set thats anything but special |
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Pillar of the Community
United States
4901 Posts |
Why are there two threads on the same subject saying the same things?
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Pillar of the Community
United States
1027 Posts |
There are two threads on the same subject saying the same things because we are trying to be more like the mint's department of redundancy department.
If there is a log jam in the last few hours, anyone who wants to complain about not being able to get a set because they were waiting to see if they were going to be worth a lot of money ought to just keep quiet. I honestly don't see a number like the first day, because that included large dealers and they aren't likely to participate on the last day. They already bought what they wanted and sets sold on the last few days might well end up ineligible for ER/FS labels. My guess as to an upturn in the last few days is an extra 30,000 units over the running average, with the total ending up at around 225,000 units.
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Pillar of the Community
United States
4901 Posts |
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There are two threads on the same subject saying the same things because we are trying to be more like the mint's department of redundancy department.  |
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Replies: 45 / Views: 4,885 |
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Posted 06/10/2012 11:06 pm
