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 Replies: 45 / Views: 4,881 |
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Bedrock of the Community
United States
10982 Posts |
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That is a fair point, but none of the coins ever went for this price other than the two very limited sets. This set could lose value just by each coin dropping to the normal proof price
One of these is a reverse proof and the normal price for them is over $200/ea. I would have liked a $119 issue price but with a reverse proof in the set $149 is not bad. Now if silver were to fall under $20/oz, then this set could fall below issue price. |
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Pillar of the Community
United States
2120 Posts |
Seems to be a hype product. Looks like the US Mint finally took a page out of Canada and Australia's play book.
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Bedrock of the Community
13014 Posts |
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One of these is a reverse proof and the normal price for them is over $200/ea. I would have liked a $119 issue price but with a reverse proof in the set $149 is not bad. The normal price for one with a 100k or 250k mintage is 200 bucks, not for a as many as you want can be made one. There is no normal price for this one yet. It very well could end up being the same price as a normal proof or maybe 70 instead of the 60, but this one will never carry the premium those do. |
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Bedrock of the Community
United States
10982 Posts |
Yeah, that's a good point. Platinum and gold american eagle reverse proofs carry premiums over regular proofs but it's not huge for Pt pieces. I don't think some of the Au and Pt reverse proofs sold out because of the high price. I think it will boil down to how often the mint releases reverse proof ASE. If they start doing this every year then the price will fall. |
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Pillar of the Community
United States
1316 Posts |
$ 85341 set's x $149.50 =$12,758,479,
Wow, what a way to start!!
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Bedrock of the Community
13014 Posts |
Quote:Yeah, that's a good point. Platinum and gold american eagle reverse proofs carry premiums over regular proofs but it's not huge for Pt pieces. I don't think some of the Au and Pt reverse proofs sold out because of the high price. I think it will boil down to how often the mint releases reverse proof ASE. If they start doing this every year then the price will fall. I could be wrong but I think some of those Gold RPs are some of the lowest mintages of all the ASEs and that you are right they didnt sell out especially the ones when gold was really first spiking. If they do sets like this every year I could see this one falling. I do think this set may help the 06 and 11 set prices from people that may not have known about them. I wouldnt mind RPs every year just not like this. Just sell the RP as a single coin is this is how the sets are not going to be sold |
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Bedrock of the Community
United States
10982 Posts |
Edited by BH1964
06/08/2012 3:59 pm
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Bedrock of the Community
13014 Posts |
I love that platinum rp. If it makes you feel any better one went on ebay for almost 1400 not long ago. I love the RP look. Theres quite a few modern commems I think would look amazing with an RP design |
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Pillar of the Community
United States
3755 Posts |
As I said before, it ticks me right off that the mint gave into the whining. It has NOTHING to do with speculating and EVERYTHING to do with collecting. Something is MORE collectible if it is of limited production. Its that simple. And as I said before, this is the coin collecting version of giving every kid who plays soccer a trophy. Its just plain stupid IMO. Limit the mintage to half a mil and be done with it. If you dont get it on the first try, oh well. Thats the game.
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Valued Member
United States
223 Posts |
My thoughts are that it doesn't matter what way the Mint released the set, collectors will still complain. Its either one way or the other and you can't satisfy everyone. We've heard the complaints about last year ASE set, now that they are doing things the other way we're still hearing complaints. |
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Bedrock of the Community
13014 Posts |
Quote:My thoughts are that it doesn't matter what way the Mint released the set, collectors will still complain. Its either one way or the other and you can't satisfy everyone. We've heard the complaints about last year ASE set, now that they are doing things the other way we're still hearing complaints. Someone will always complain thats its either to limited or to available. They do however have seemed to have done the impossible and gotten the majority of people to complain because they just have no idea what is going to happen with it. Uncertainty is never good and has killed products before and is doing the same thing to the 5oz pucks. Its possible at the end almost everyone could be mad if the sets plummet in price from being over minted. At least if they just released them as normal coins you wouldnt have the set premium tacked on Edited by basebal21
06/09/2012 01:04 am
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Pillar of the Community
United States
1817 Posts |
It's a no win situation, either collectors are gonna be unhappy or the flippers. In the long run, collectors will buy more product from them over the serial flippers, so if they're gonna err, do it in the direction of the collector.
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Bedrock of the Community
United States
17884 Posts |
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I don't think that will happen. Can you pick 1 American Eagle Sold by the Mint as a collector coin that is available for less than issue price? most with very large mintage numbers OK, until silver jumped way up and saved them, almost all of the proofs were available for less than issue price. And if we move away from the silver eagles into other products that the mint sold to order it includes most of the post 1956 proof sets and the post 1959 mint sets and a lot of the commemoratives The big rise in silver prices is also the only thing supporting a lot of the commemoratives, or the early proof and mint sets as well (56 - 64). Needing silver to double or more in order to keep these new coins above issue price in the long run is not something I would really want to plan on. |
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Bedrock of the Community
13014 Posts |
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OK, until silver jumped way up and saved them, almost all of the proofs were available for less than issue price. And if we move away from the silver eagles into other products that the mint sold to order it includes most of the post 1956 proof sets and the post 1959 mint sets and a lot of the commemoratives The big rise in silver prices is also the only thing supporting a lot of the commemoratives, or the early proof and mint sets as well (56 - 64). Needing silver to double or more in order to keep these new coins above issue price in the long run is not something I would really want to plan on. Thats very true. Its also something I'm sure a lot of us have kind of forgotten about myself included. Unless its a 70 or very limited the actual value of the coin is going to go down with out help from the bullion value itself |
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Valued Member
United States
377 Posts |
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OK, until silver jumped way up and saved them, almost all of the proofs were available for less than issue price. And if we move away from the silver eagles into other products that the mint sold to order it includes most of the post 1956 proof sets and the post 1959 mint sets and a lot of the commemoratives The big rise in silver prices is also the only thing supporting a lot of the commemoratives, or the early proof and mint sets as well (56 - 64). Needing silver to double or more in order to keep these new coins above issue price in the long run is not something I would really want to plan on. 1950 to 1963 Proof sets sold from the mint for $2.10 I will buy every one you are willing to sell me for issue price. and the American Eagle has its own Collector base I don't have the issue price for the 1st ten years of proofs but willing to bet it was a lot less then they sell for today |
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Replies: 45 / Views: 4,881 |
First Page
Posted 06/08/2012 12:54 pm
