Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall 300,000 items to help build your collection! Royal Estate Auctions - $1 Coin Auctions








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Here's What A Coin Shop Offered For The '11 ASE Set

To participate in the forum you must log in or register.
Author Previous TopicReplies: 60 / Views: 6,027Next Topic
Page: of 4
Valued Member
War Nickel's Avatar
United States
172 Posts
 Posted 02/01/2012  12:05 pm  Show Profile   Bookmark this reply Add War Nickel to your friends list Get a Link to this Reply
Why not put them up for auction with Ponterio and assoc. or this guy:http://www.numismaticauctionsllc.com/? You stand a better chance of getting your money back...

Interesting how bullion is suddenly considered worth collecting as a coin...
Valued Member
silverguy's Avatar
United States
109 Posts
 Posted 02/01/2012  1:19 pm  Show Profile   Bookmark this reply Add silverguy to your friends list Get a Link to this Reply
I just sold my Unopened origial shipping box set to my local coin dealer for $600. The reason I did this is I took the US Mint Survey on Monday. By the questions they were asking it sure seems to me they are gearing up to start selling limited edition Silver Eagles on a much more frequent basis. This will, in my opinion, trivialize the set. There will be more 100,000 set limit sets comming. Its a shame too. They saw the success and are going to capitalize on it. I just saw a way to double my money and did. I think over the next few years, the price will come down.
Moderator
Learn More...
jbuck's Avatar
United States
189969 Posts
 Posted 02/01/2012  1:57 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
But I reiterate, I have no "selling history" on ebay....and have never been a member.
If you have to start somewhere, it might as well be with a certified set.

You can always offer it for sale here as a PIN or with a starting price you are comfortable with. You have nothing to lose for trying.
Valued Member
JSH's Avatar
United States
410 Posts
 Posted 02/01/2012  2:12 pm  Show Profile   Bookmark this reply Add JSH to your friends list Get a Link to this Reply

Quote:
But I reiterate, I have no "selling history" on ebay....and have never been a member.

What do yo have to lose? ebay no longer charges listing fees. List your set on ebay with a starting price of $600 and see what happens. You only have to take the time to set up a ebay and Paypal account.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 02/01/2012  5:52 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Keep in mind, as a Gnu seller, PayEnemy will hold the money until you get +FB for the deal, or up to 45 days.
Pillar of the Community
M0nks's Avatar
United States
1770 Posts
 Posted 02/01/2012  7:31 pm  Show Profile   Bookmark this reply Add M0nks to your friends list Get a Link to this Reply
be as that may its still a different yr than 2011 if they do indeed make 2012 and beyond, I'm a collector so I'm holding on to my sets, I just know I wont be buying anymore of these so called "limited sets"
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 02/01/2012  11:13 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
It is interesting to read other members opinions on how collectors should .. or should not buy coins from the mint.

There was nothing wrong Eaglefoot's plan to purchase two sets, with the intention of selling one for profit.

IMO
- There are many of people that did make a good profit.
- It takes luck or experience and a very good product to be
able to make a quick profit

There are three different sets, that I have purchased, that mint has sold with a limited mintage. The 2006 20th ASE, 2009 Lincoln set and the 25th ASE set. All three of these sets, in the OGP, can be sold at a good profit over what the issue price was.

Paying more money to have them slabbed is where the gamble comes in.

In my experience you should buy as many of these limited mintage sets as you can, but sell enough extra sets, as soon as you get them, to get your original investment back.

Eaglefoot - Sorry to hear, that is sounds like you got into your sets at such a level where there is no .. or not much profit.

The lesson learned here should be what can happen when you pay for the slab/label and not the coin.

I am sure you can see now, when you got your two sets, there was a good chance you could have sold one set (in OGP) for $600 ... or more... and have no dollars in the other set.

Valued Member
everything's Avatar
United States
493 Posts
 Posted 02/01/2012  11:51 pm  Show Profile   Bookmark this reply Add everything to your friends list Get a Link to this Reply
I don't care what these do, I was going to sell/make a little as well, but decided to keep as I never want to sell anything anyways. MY LCS called me to tell me prices were going down, strangely enough he was calling to ask if I would sell him some sets. A deal to anyone that got some, you can't sell these without coming out ahead.
Moderator
Learn More...
jbuck's Avatar
United States
189969 Posts
 Posted 02/02/2012  3:22 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
There was nothing wrong Eaglefoot's plan to purchase two sets, with the intention of selling one for profit.
I agree. I have no problem with the plan, either. The only thing "wrong" would be assigning blame elsewhere when things do not work; profit is not guaranteed with this plan. It is okay to be upset, but eventually, one has to take their lumps and move on.
Pillar of the Community
DNA's Avatar
United States
2734 Posts
 Posted 02/05/2012  9:07 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
Speaking of "plans": My s.o. suggested I should sell three of my OGP sets on ebay for $1800 total ($600 x 3), which would pay back my $1500 issue price investment, give me $300 extra cash and I'd still have two OGP Sets, for free.

Problem is, I can't bring myself to do this, because it would make too much sense!
Valued Member
pennymandave's Avatar
United States
60 Posts
 Posted 02/05/2012  9:11 pm  Show Profile   Bookmark this reply Add pennymandave to your friends list Get a Link to this Reply
might have been going for 650 on ebay, does means anyone bought it. I see flying eagles on there for 200 but are in Ag condition nothing special about them
Pillar of the Community
DNA's Avatar
United States
2734 Posts
 Posted 02/05/2012  9:22 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
This OGP Set has a $710 bid, less than an hour left to go. Update: sold for $710!

Here's another OGP Set bid at $709, one day left.

This one is bid at $711, two days left.

And this OGP Set is bid at $750!

Compare these to this PCGS First Strike 69 Mercanti Letter Set, Buy It Now for $800.

Yeah, the slabbing really paid off...

If at some point, OGP Sets bid for over a grand each, my s.o.'s idea will make even more sense.


Edited by DNA
02/05/2012 10:18 pm
Bedrock of the Community
Earle42's Avatar
United States
10047 Posts
 Posted 02/05/2012  10:04 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
For a list of all the sold ones' prices, just go to ebay and do a "completed auction" listing for "pcgs 25th anniversary MS69 set"

Here's-What-A-Coin-Shop-Offered-For-The-'11-ASE-Set

Remember whatever price you see that (Fe)eBay and Pay(us)Pal fees will take a 12% chunk.

So even the set I saw on there that sold for 800.00 - the seller had to pay 96.00 and only got to keep 704.00. One of the less expensive sets went for 702.00 - the seller only kept 617.76 - yikes!



How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Edited by Earle42
02/05/2012 10:04 pm
Pillar of the Community
DNA's Avatar
United States
2734 Posts
 Posted 02/05/2012  10:16 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
With the OGP Sets in the high-600's/low 700's range, you'd still net over $600 each even after the 12% hit.

Which is still double their issue price.
Edited by DNA
02/05/2012 10:17 pm
Pillar of the Community
perfessor's Avatar
United States
927 Posts
 Posted 02/05/2012  11:16 pm  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
This was a very interesting thread. And an interesting case of "buyers remorse". I bought one set. Quickly wished that I had bought another to sell to recoup my initial cost and still have one set. But I got over that just as quickly and I am very happy with my set in OGP. I think TPG on modern issues is not worth it (especially paying extra for "first strike"). I am sure some will disagree...

I was at a coin show today and a dealer had an OGP set for sale. I asked him how much and he said $750. I have no idea how long he has had it for sale or what he paid for it. But I think I saw 3 sets for sale at the show today, and it was a small show. I think prices have leveled off and will stay here for a while. But they are not likely to go up any time soon.
  Previous TopicReplies: 60 / Views: 6,027Next Topic
Page: of 4

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.53 seconds to rattle this change. Forums