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 Replies: 29 / Views: 3,271 |
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Pillar of the Community
United States
1388 Posts |
Hey everyone! Sorry to post yet another thread on this topic, but I really need to know this. I am thinking of buying five sets, one for myself in mint packaging, keep another in mint packaging to sell, and sending the last three to a TPG to see what they come back as. If there are any PF-70s, I will keep one and sell the other(s). If there is only one, I will keep it and sell the others as well. Does this sound like I will be able to make a decent profit on these? Also, which TPG should I use? ( I am not currently a member of any of them). Any input would be appreciated. Thanks!! |
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Pillar of the Community
United States
7840 Posts |
There are going to be a lot of people waiting on the sidelines to see how this pans out until the last day. There is supposed to be a "sales counter" posted on the mint's website indicating how many sets have been sold in real time. That will be my gauge on whether to buy or not. The price for silver has gone down, but the average price per coin has gone up. The price is ridiculously higher compared to last years 25th Anniversary set, and there is probably going to be some lash-back from the public. We'll just wait and see.  Edited by oih82w8
06/01/2012 09:00 am
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Pillar of the Community
United States
561 Posts |
Just my 2 cents:
I am fairly new to this but given that the law of supply and demand will still control the market price, I don't see how there will much "profit" to be made on these. Mint-to-demand means that everyone that feels they have to have one will just order one at $149.99 )or whatever price they announce) so demand immediately AFTER the ordering window isn't likely to spike. I still think that you will see a bunch of people ordering several sets hoping for a quick spike in price, but wishing for a spike and realizing a spike are two different things.
I do see an opportunity for profit for those that get MS-70 graded sets and can flip those. I am sure there are people that aren't looking to add a mass quantity of these to their collection but would be happy to pay a premium to ensure that they have the best specimens possible.
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Pillar of the Community
United States
6326 Posts |
Myself, I will NOT be joining the fray on this one....  I did not do well enough with the last ASE coin set. Joining a TPG, paying extra for E.R. designation, only got one 70 out of 10 coins (two sets sent in), shipping, fees, time, other expenses........ It was just NOT WORTH IT AT ALL ! .....  And with only two coins in THIS set....the profit potential just isn't there or large enough, will be my guess, to cover the total expenses in doing it the way I did. (Not being a member of a TPG, and the length of time it took to get the coins back, which usually means you'll miss the initial "price bubble explosion" that is so common.) And apparently they are going to go crazy with the "S mint" idea down at the Mint ! ...  .....  ....  ..... so the " special" factor will be greatly diminished, each and every time and year to follow....... IMO. They will overproduce this "S mint" mania that they are beginning to create..... and everybody will have them who wants them ..... therefore the value (or profit I should say), will always be low ......but it will still be a "collectible coin" (set), whether ASE's, ATB's, Cents, or whatever they do....... BUT JUST DON'T LOOK TO GET RICH OFF OF THE NEW RELEASES ! .....  DISCLAIMER:This is only a bleak, dismal, dark & putrid very depressed opinion based on my, reletively new, experience with doing that whole TPG thing, with that last ASE set. For those with more experience in doing that, and are already a member of a TPG, and can get the coins back quickly........ I'm sure there are more than a few who will do well with this upcoming two coin set. "How well ? " ....... Of course no one can say......it's all conjecture and theory and just plain UNKNOWABLE right now ! But good luck if you choose to JUMP AT IT ! ......  Edited by eaglefoot
06/01/2012 10:03 am
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Pillar of the Community
United States
1208 Posts |
Since this set is unlimited mintage, most people I have talked to
think the price will fall below issue price when they settle.
I am getting one set just to have it for my collection.
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Valued Member
United States
492 Posts |
About 1.5 months ago barryg did a comparison of ebay prices on the 25th anniversary set and came to the conclusion that it was only worth sending to a TPG if you got 70's back. 69's didn't show enough extra profit above raw to make the extra hassle worth it. https://goccf.com/t/116829Now polish up your crystal balls to see if you're gunna get 70's. |
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Pillar of the Community
United States
7840 Posts |
Since the mint is going to strike these per demand; low demand = more high quality strikes and less lower quality strikes high demand would probably equate more of a 50 - 50, I am guessing that the dies are made already, with no more to be made. Edited by oih82w8
06/01/2012 2:07 pm
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Pillar of the Community
United States
4901 Posts |
Quote:
Just my 2 cents:
I am fairly new to this but given that the law of supply and demand will still control the market price, I don't see how there will much "profit" to be made on these. Mint-to-demand means that everyone that feels they have to have one will just order one at $149.99 )or whatever price they announce) so demand immediately AFTER the ordering window isn't likely to spike. I still think that you will see a bunch of people ordering several sets hoping for a quick spike in price, but wishing for a spike and realizing a spike are two different things.
I do see an opportunity for profit for those that get MS-70 graded sets and can flip those. I am sure there are people that aren't looking to add a mass quantity of these to their collection but would be happy to pay a premium to ensure that they have the best specimens possible. Right on dude!...only thing I would add is that anyone who submits and gets 69's back will have a losing event. 70's will be fine...69's..cheaper just to buy them already graded. But....don't forget...we can actually look at the coins before submitting so no random-loose-in-the-box submissions here. Be critical of what you submit... |
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Bedrock of the Community
13014 Posts |
Regardless of this set in particular and mintage levels (unless this set absolutely bombs and ends up with an absurdly low mintage) I can tell you right now if you are trying to make a profit sending them into a TPG will not make you one unless you are sending in massive amounts. If you want a 70 coin go ahead and buy it already slabbed. The biggest problem with sending them into the TPGs is PCGS is the one you can make the most money off of with the 70s, but I dont care what they say they grade to control their 70 population which is probably why they carry the highest premiums. NGC you would have a better shot at it but again if you got it your premium would be lower. Annacs carries a smaller premium than NGC and IGC wont get you much if anything on ebay. As for this set, with the unlimited mintage I do not see this as a money making set like the last two. Those had controlled mintage levels that were low, this could sell 100k or millions no one knows until the order date has ended. If you like the set go ahead and get what you want. If you want to take a chance on getting a couple extra go for it. If you want to see what the TPG would grade it go ahead and send it in. If you want an assured profit dont do any of those things. For modern coins you HAVE to get a 70 to turn a profit on after the fees. 69s you could break even or control your loss to nothing significant but you wont make money on it. |
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Pillar of the Community
United States
1770 Posts |
if youre coin collector just buy it, ill most likely get 1 set dont care about grading or making a profit I just want the coins for my collection as I'm sure alot of you do as well
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Rest in Peace
United States
1501 Posts |
Well I'm buyin'! ! !
I won't be buying a hundred of them to try and make a profit.
But being from the bay area, I do have an affinity for the S mint mark. I do wish that the price was more in line with the other one ounce offerings from the Mint but what can you do?
Like it was said above if you want it... buy it! I will collect two sets, one to display and one to stash, what I know for sure is that if you don't purchase in the thirty day period from the mint, there are gonna be plenty of people trying to make you regret not doing so by selling them at an inflated rate.
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Bedrock of the Community
United States
10034 Posts |
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there are gonna be plenty of people trying to make you regret not doing so by selling them at an inflated rate. I agree with this. But I also have to wonder if someone being patient might not end up getting one at below issue price if they get a ton of orders. Let's face it, actual value is likely quite a bit less than actual asking price. If everyone jumps on this (like the mint is probably hoping), there might be potential for these to decrease in value. I think back to people who used to save Bicentennial coins when they came out. The 1976 three 3 piece silver proof sets were being marketed as a good investment (Really! They are going to actually make a 3 piece silver coin set? WOW! That'll be worth a lot some day!). Time has told different. They now make silver sets each year and their wow factor is greatly diminished. It looks like they might make the ASE RPs the same. |
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Valued Member
United States
301 Posts |
Hey I'll admit it, I made out like a bandit on the 25th sets! Bought for $299 and sold for $750. I sold three sets and kept two. What could be better?
There will not be that kind of slack in these new sets for flipping. As for TGP coins, it dosent matter if you're talking about this new set or the 25th annie sets. If your coins do not come back a "70", you will get the same price for them as raw coins, or even less in some cases I've seen.
In my opinoin these new sets are worth it if you are a collector, but not if you are a fliiper.
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Bedrock of the Community
13014 Posts |
Quote:
Hey I'll admit it, I made out like a bandit on the 25th sets! Bought for $299 and sold for $750. I sold three sets and kept two. What could be better? I think a lot of the buzz around this one was first announced was dreams of doing the same thing. Dreams that were quickly shattered |
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Pillar of the Community
 United States
1388 Posts |
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Pillar of the Community
United States
4901 Posts |
Quote:
Hey I'll admit it, I made out like a bandit on the 25th sets! Bought for $299 and sold for $750. I sold three sets and kept two. What could be better? Quote:
I think a lot of the buzz around this one was first announced was dreams of doing the same thing. Dreams that were quickly shattered Why are those dreams now "shattered"?..the last raw set sold on ebay yesterday for 749.99. Anyone who bought the 25th Annie sets from the Mint did great.. |
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Replies: 29 / Views: 3,271 |
Posted 06/01/2012 09:23 am
