| Author |
 Replies: 41 / Views: 8,339 |
|
Bedrock of the Community
13014 Posts |
|
|
|
|
Pillar of the Community
United States
1657 Posts |
There's at least one other on TheBay for about the same $.
I dunno. I never "got" novelty bullion.
|
|
Pillar of the Community
Australia
7096 Posts |
I have no idea about ASE's . Did this particular coin/bullion round have a limited mintage ? |
|
Bedrock of the Community
 13014 Posts |
Quote:
Did this particular coin/bullion round have a limited mintage ? Not unless you consider 800k limited. As far as I know unless I've missed something theres literally nothing special about that coin. Its basically selling for the 1995-W price which did have a very limited mintage of 30k. Again I could be missing something, or someone could just be hoping to really take advantage of an unsuspecting buyer. |
|
Pillar of the Community
Australia
7096 Posts |
Quote:
Not unless you consider 800k limited. As far as I know unless I've missed something theres literally nothing special about that coin. Its basically selling for the 1995-W price which did have a very limited mintage of 30k.
even a low mintage of 30,000 for 7 year old bullion round shouldn't equate to a 15k price tag  |
|
Bedrock of the Community
13014 Posts |
Its basically selling for the price of a perfect 25th anniversary set. I sent an email to them asking why the coin was so overpriced and they claim it to be rare over and over again when theyre 800k of them. I wonder if theyll respond
Edited by basebal21
05/19/2012 10:13 pm
|
|
Bedrock of the Community
13014 Posts |
Well we have a response from them. "Thank You for your questions in regards to the 2005 PCGS MS70 American Silver Eagle First Strike 1 Oz. .999 Fine Coin. I think the 2005 MS70 First Strike is one of the rare coins with just a only 114 pcgs graded. (PCGS 2005 First Strike $1 MS70 pop 114) http://www.pcgs.com/setregistry/pub...aspx?s=40501I'm always open to offers. Again Thank You and if I can be of further service or answer questions please ask." So it turns out this coin is a little rarer than I though and apparently really is a coin that costs a couple hundred dollars. With that said that is still a gross over pricing of the coin. Conclusion: theyre asking for 1500 for a coin that should cost half of that. |
|
Pillar of the Community
United States
4132 Posts |
I think that's 114 with the first strike label. So, you're paying $1,500 for the label.
|
|
Bedrock of the Community
13014 Posts |
Quote:
I think that's 114 with the first strike label. So, you're paying $1,500 for the label. Thats what my guess was too. APMEX actually sells the same coin for 700 and theyre usually priced really high for stuff like that so it may be a little rarer than first thought, but considering you could get a gold eagle for basically the same price no chance that coins worth anywhere close to what theyre asking |
|
Pillar of the Community
United States
3755 Posts |
No, what you are missing is the grade. MS70. PCGS has only graded 114 of the first strikes as MS70. Thats the population for that coin. An MS70 lists as 145 on CoinWorld, certainly not 1500. Now, the OTHER thing you all have missed are the milk spots on a supposed perfect coin. Gotta love how much better PCGS is than ANACS and ICG. Oh yeah. |
|
Bedrock of the Community
13014 Posts |
I could personally care less about first strike. If I get one I get one, if not another ms70 is more than fine with me. Just actually happened to stumble across this with regards to that labeling http://coins.about.com/b/2007/08/28...-lawsuit.htmIn fairness to PCGS we dont know what the coin looked like when they graded it 7 years ago. I would argue they are in fact better than ICG, any company that becomes the go to for HSN I'm skeptical of. |
|
Pillar of the Community
United States
3755 Posts |
So? They do business with HSN. Grading a coin is grading a coin, whomever you do it for. PCGS and NGC are the companies The Coin Vault uses. I cant remember the show that uses ANACS off the top of my head. So if you hold ICG to that standard, hold the others because they do the same thing.
|
|
Bedrock of the Community
13014 Posts |
Grading a coin is grading a coin but their perfect populations seem to be higher or everything that gets advertised from them is perfect.
Personally I think the fewer grading companies the better. Get everything under 1 roof with 1 standard.
|
|
Bedrock of the Community
13014 Posts |
As a follow up I would have to check out those other shows before passing judgement. My opinion of HSN is that it is very over priced and they try and take advantage of unknowing shoppers and have by far the largest reach out of those listed shows.
They may have given HSN a deal, but my thought is the HSN coin guy knew hed get the most perfect coins from ICG or they were the easiest to get the grades he wanted which is why they were picked
|
|
Pillar of the Community
United States
3755 Posts |
If that was the case then why would the other guys not us ICG as well? None of the shows sell anything less than MS or PF 69 on the modern stuff. Again, they are no different than the other three. What the networks/shows sell them for after they are graded is NOTHING any of the TPGs can control.
|
|
Pillar of the Community
United States
2269 Posts |
When I see almost $1500 for a First Strike 2005 ASE, I ask myself a few questions. While there may only be 114 First Strike designated coins graded MS 70 by PCGS, is it really worth more for a First Strike Designation? Personally, I could not bring myself to paying such a high price for a Bullion designated coin. With such a high mintage I cannot justify thinking this is a rare piece either. With all the ungraded Eagles out there, the population of these coins are going to go up. As for the First Strike designation, I see this as more of a marketing ploy rather than anything else. Whenever I hear the words First Strike, I think of Mike Mezack of HSN touting this as a rare coin. It is not rare, it is a coin with a mintage of just under 9 million pieces. First Strike designation should have no affect on the value. |
| |
Replies: 41 / Views: 8,339 |
Posted 05/19/2012 8:40 pm
