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 Replies: 17 / Views: 2,996 |
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Pillar of the Community
United States
2936 Posts |
Was considering making a bit of a "volume" purchase on the soon-to-be released two coin proof set commemorating the 75th Anniversary of the new SFO Mint (Reverse Proof Nr.3). Anyone have thoughts on Mint pricing?
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Pillar of the Community
United States
594 Posts |
Did you check their website? If it's not there then, no one knows.
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Pillar of the Community
United States
1817 Posts |
The price of the set will be determined by the spot price of silver on June 4th & 5th. If it stays under $32/oz, the cost of the two-coin set will be 2x the price of the existing 2012-W proof ASE, plus a minimum of a $10 surcharge per coin on the special processing of the RP coin. The set will be no cheaper than $119.95, however, $129.95 per set sounds more likely. |
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Pillar of the Community
United States
1316 Posts |
I missed the 5 coin set earlier this year due to work schedule, they were sold out by the time I got home, so its kind of nice that they will be made to order over the next few weeks of there issue day..  |
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Pillar of the Community
 United States
2936 Posts |
I share your pain Eng... I "bought" some sets to find out weeks later that I didn't make the timeline cut... Did pick up two sets via trade and ebay.... I'm afraid if they keep making Reverse Proofs they will water down the values of the 20th and 25th RP's. Hope not!! |
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Bedrock of the Community
13014 Posts |
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I'm afraid if they keep making Reverse Proofs they will water down the values of the 20th and 25th RP's. Hope not!!
Shouldnt really be an issue. No matter what how many RPs they make nothing will increase the mintage levels of those coins. It may actually end up helping them out as a lot of people probably arent even away they exist. If they had a RP series the 20 and 25th would be keys for sure |
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Pillar of the Community
United States
4901 Posts |
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I'm afraid if they keep making Reverse Proofs they will water down the values of the 20th and 25th RP's. Hope not!! I don't understand how making unlimited 2012 RP's will lower the value of the 250k 2006 and the 100k 2011. Logic would say it would increase the desirability. I would be interested in hearing your reasoning... |
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Pillar of the Community
United States
2936 Posts |
Well, I suppose this, in my mind and a few others, is a double sided coin (so to speak).... I was recently at a very large coin show in GA and a couple of the dealers who specialized in ASE's had concerns along the lines of what I stated earlier. I also see the other side where less is more. Not that this is a complete match, but take a look at the Liberty (V) Nickel. The 1883 V1 version had one-third of the mintage of the 1883 with "Cents" but is worth a fraction of the latter. Coins are odd companions. I don't claim to have a corner on understanding the market and never will. That's what makes the process of acquiring and relinquishing them so special. |
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Bedrock of the Community
13014 Posts |
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Not that this is a complete match, but take a look at the Liberty (V) Nickel. The 1883 V1 version had one-third of the mintage of the 1883 with "Cents" but is worth a fraction of the latter. Thats true about the mintage numbers. However when you look at the current populations of the coins, far more of the no cents survived in a high grade than the ones with cents which then turned the with cents into the more rare of the two coins. |
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Pillar of the Community
United States
1770 Posts |
i also feel this set will make renewed interest in the 25th set with such a limited mintage and the fact by now all the sellers have become buyers making it even harder to obtain a set
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Pillar of the Community
United States
1208 Posts |
All I know is the mint is going overboard again with 'special issues'.
They smell a quick buck, and that is the long and short of it.
Us collectors are a captive market if we want to keep our collections current.
Not only do they have this, but they also have the unc clad S mint quarter too...
If you read the press release on it, you can summarize their reason for doing it
as "Because we can, and collectors will buy it." Not a good reason.
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Pillar of the Community
United States
2936 Posts |
As far as the 25th goes, I have a 69 and a 70 set and that's about as far as it's going. I do have a third Reverse Proof 69 and an extra 2011 S in MS70 but they will find themselves on the block to go towards the same sets for the 20th Anniversary.
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New Member
United States
36 Posts |
I think if you can flip a FS 70 of these fast you might make a buck. But long haul I don't see them having a huge impact or being hard to get.
Of course if everyone thinks that way then the mintage numbers will be low and I'll be wrong.
There, now I'm on both sides of this question :)
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Pillar of the Community
United States
2295 Posts |
Well, if they really wanted to make a big profit on it, why not mint and sell them for several months like what they have done in the past for the proof ASEs?
Why all of a sudden make a limited mintage? I think they are getting mixed information from various sources. I bet there are dealers that have a hand in doing this, so they can make a big and quick buck on flipping them. The Mint is just caught in the middle and getting the blame for it.
I wouldn't be surprised if more dealers buy their merchandise than collectors, so they have a bigger voice.
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Pillar of the Community
United States
4901 Posts |
The mintage is not limited...it is the ordering period that is limited. If that is a limited mintage then EVERY coin sold by the Mint has a limited mintage...just a longer availability period.
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Pillar of the Community
United States
7187 Posts |
I feel this set will be the one for type collectors to acquire a reverse proof. They will have a longer time period to make a purchase and the set is only two coins not 3 or 5. I will only buy one set to keep my collection complete.
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Replies: 17 / Views: 2,996 |
Posted 05/28/2012 1:01 pm
