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 Replies: 1,627 / Views: 119,924 |
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Pillar of the Community
United States
1027 Posts |
The OGP inside the shipping box is not sealed and not tamper evident so the tape seal on the shipping box is the only proof that the coins inside have not been manipulated. If you break that outer seal, PCGS and NGC will not label the three non unique coins as "25th anniversary set" coins. Since your coins shipped after December 07, they are not eligible for First Strike labels from PCGS (NGC has already stopped accepting coins for Early Release labeling). ANACS will accept coins from opened boxes for "25th anniversary set" labeling as long as the five coins are sent in together, they do not want any of the packaging sent to them. In your case, PCGS grading is cheaper but NGC charges less to return the OGP so they end up very close to each other in total cost. ANACS charges only $10 per coin for grading (you still pay shipping both ways).
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Pillar of the Community
United States
6326 Posts |
Quote:
Last sales for PF/MS 69 sets: PCGS $690....NGC $710
..................  .............. Not understanding THAT ! .....  If PCGS is the most expensive.....looked at as, arguably, the BEST TPG ....How are their prices warranting LESS money ! ....  Not fair !OHHHHH but that's how & why this is happening......it's because this is the service " I " chose ! Luck hasn't often been on my side.......guess that's holdin' true.....  As soon as mine get shipped back....I'm going to have to sell one set as quickly as possible......Now I just watch the prices fall....fall......fall ! ...................  ............. Guess I better put off those plans for buying a new yacht with the proceeds from this whole endeavor ! ....  |
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Pillar of the Community
United States
7840 Posts |
More people sent theirs in to PCGS than NGC, therefore, PCGS is flooding the market with their wares? Look at it this way; at least your PCGS holdered ASE still go for more than the ANACS versions.  IMO, I think that NGC holder looks better with the four finger edge view. Edited by oih82w8
12/14/2011 1:14 pm
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Valued Member
United States
223 Posts |
Just received two sets back from NGC. They were almost sent
back due to a wrong zip code.
The results are:
2011W MS70, MS69
2011S Both MS70
2011 MS70, MS69
2011W PF70, PF69 Both Ultra Cameo
2011P Both PF69
All labeled early release for what it's worth..
They sure are pretty!
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Valued Member
United States
301 Posts |
Just seen a NGC PF/MS-69 set go for $681.00, and a set in OGP go for $630.00 - both on ebay. Someone has a OGP set for 599.00 Buy It Now on ebay. Prices are dropping. |
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Pillar of the Community
United States
4901 Posts |
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More people sent theirs in to PCGS than NGC, therefore, PCGS is flooding the market with their wares? PCGS has graded right around 6000 sets NGC has graded just under 16,000 sets.... |
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New Member
United States
19 Posts |
I'm feeling better about my decision to unload the two unopened sets for $1200. I couldn't stomach going through the grading or auction process and fees trying to hopefully squeeze a couple(?) extra hundred bucks. But I've never bought into the whole idea of slabbing in the first place. Particularly on newly mint issues. The difference between a 68, 69 and 70 are just way to subtle for me to not consider it more luck than anything else on what grade one may get back from a TPG. And I can't help but get over the fear that one day there will be some scandal at one of the TPGs that just destroys faith in the whole market for slabbed coins. Admittedly this is just me and I have been greatly influenced by events in the past 5-10 years that have called into serious question faith in the banking industry, government and military institutions. Granted some disasterous decision by some TPG owners would not have the same impact but it's t eh same reliance on others to make smart decisions which impact my financial well being is something with which I am quite uncomfortable. My 2¢ |
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Pillar of the Community
United States
5855 Posts |
*sigh*
I suppose I should have sold my 5 unopened sets when I had the chance for $3500, since I doubt they will ever be worth that much again. The thing is, though, I'm at a point in my life right now when the $2000 profit I could have made on the sale wouldn't make that much difference (I've got money in savings and it's not like I desperately need money to buy a car or something), and in the long run I'm going to be much happier having them where I can look at them on occasion and appreciate their beauty.
I guess that's the difference between a collector and an investor. I mean, I hope these go up in value if I ever do need to sell them, sure, but mostly I just hope I never actually need to sell them...
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Valued Member
United States
55 Posts |
I'm still planning to keep all of the three sets I managed to buy. They are all off in NGC-land waiting to be certified. They got the sets last Monday and it took a week before the sets were acknowledged as being "Received." Maybe I'll get the sets back by Christmas or shortly after.
I've seen the dropping prices. Looks like an MS/PR 69 set can now be picked up for under $1000 at several online dealers that were initially charging $1400+ for the sets. It's still amazing how many the TV coin shows were able to get. I guess that's why collectors had problems getting into the mint's website; all the employees of the big coin sellers spent all day ordering as many sets as possible.
I was a little surprised that only the reverse proof and the MS S coin were added to the NGC registry sets. I expected all 5 coins to be required. If you are going to include coins line the 2000 millennium set, why not include all 5 from the 25th anniversary set?
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New Member
United States
47 Posts |
After reading all these posts on the sets and their grades after being sent off to pcgs or ngc it seems true that the better quality coins were delivered last.
early posts report pin die breaks and spots.
not so on these later ones.
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Bedrock of the Community
United States
10982 Posts |
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suppose I should have sold my 5 unopened sets when I had the chance for $3500, since I doubt they will ever be worth that much again. I do not agree. It's supply and demand with thousands of flippers trying to make a profit right now. That drives prices down. Many of these will fall into strong hands this winter. The supply will drop - dramatically. Demand for these sets is on-going and will remain strong with prices rebounding, and maybe surpassing, anything we've seen except maybe the first few "70" sets that went for $4K on ebay. 2 key dates and 100,000 total available? These are worth hanging on to...... Edited by BH1964
12/15/2011 8:45 pm
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Pillar of the Community
United States
1027 Posts |
Johnybro123, with at least five production runs at three mint sites, then shipping to SF for assembly into sets and then on to Indianapolis for distribution, there is no way that any kind of quality order was established. Each different coin has a different die life ans multiple presses were most likely used for each coin as well. Others have speculated that the first coins struck might have been shipped first or last but in reality no such order exists because many die sets were used to strike each coin in the sets (and again, each coin type has a different die life) and then the coins would have been shuffled when put into capsules and again when packed and shipped to SF and again when assembled into sets and then again when shipped to Indianapolis and again when picked for shipping to customers so the die state for coins in any given set is a totally random thing as is the relation between when a set was assembled and when it was shipped. This is part of the problem I have with PCGS calling the first product shipped First Strike, it perpetuates the notion that anyone knows anything about when a particular coin was minted, whether in the absolute sense or with respect to other coins. There is simply no order maintained from the time a coin is struck until it is shipped out to the end customer, something that is especially true of a mutli coin set like this one.
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Pillar of the Community
555 Posts |
Quote: do not agree. It's supply and demand with thousands of flippers trying to make a profit right now. That drives prices down. Many of these will fall into strong hands this winter. The supply will drop - dramatically. Demand for these sets is on-going and will remain strong with prices rebounding, and maybe surpassing, anything we've seen except maybe the first few "70" sets that went for $4K on ebay. Disagree. A month ago, all you people were saying the Christmas season would drive prices sky high on these sets. Wrong. They are falling in price as we speak, in the peak of Xmas shopping. No one knows if these will come back. I think they'll settle in the $550 range for 69, and $850 for 70. The only hands that are smart are those smart hands that sold a month ago. |
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Bedrock of the Community
United States
10982 Posts |
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No one knows if these will come back. I think they'll settle in the $550 range for 69, and $850 for 70. The only hands that are smart are those smart hands that sold a month ago.
Modern Coin Mart will buy all the 2006 ASE reverse proofs you have in PR70 (PCGS or NGC) for $400/each right now. They pay $400 because they sell them for $469/ea. http://moderncoinmart.com/cart1/pro...at=16&page=1 Just call and let them know how many you have. There were 250,000 of them made. Strong hands hold these now. This set has 2 keys with 100,000 total minted. Every flipper on the market is out there right now (aka weak hands). Expect 70 sets to return to $2K next year. John Maben has been in this market for decades and agrees these sets are undervalued right now because thousands of flippers bought 5 sets and have to dump them at any price. |
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Pillar of the Community
United States
1027 Posts |
Since numismatic SAEs are widely collected it is likely in my opinion that with 100,000 sets total that there will ultimately be a fairly small market supply at any given time and it is market supply and market demand that will determine long term price/value. I think that price will be higher than the current selling prices. I think there will be another peak , then a slight decline from that peak, and then a fairly steady long term price, much like the 2006 SAE set and the 2001 Indian/Buffalo dollars. It is possible that in a year or two, the still unopened sets will have a value above both opened ones and even MS/PR69 graded sets and that the value of unopened sets will rise slowly but steadily over time. The value of PGCS FS 70 sets will probably slowly decline since the unopened sets may well be graded as First Strike coins as they are sold into the marketplace, increasing the supply. I do not think, however, that FS/ER labeled sets will maintain a large premium over non FS/ER sets since it is widely known that all but a very few sets initially qualified for both designations and people in general probably won't pay much extra for those labels.
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Posted 12/14/2011 12:58 pm
