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Pillar of the Community
United States
4901 Posts |
I was going to add this to the "I went by the Mint today" thread but thought it deserved its own thread: Ummmm...FYI: Here's one that snuck up on me. The 2012 Annual Dollar set is selling for over $120 and, get this, an buy it now auction for both the 2012 and 2013 NGC MS 70 (2 coins) sold last week for $1100 Yup, over a grand for the two latest burnished ASE's.... Things that make you go hmmmmmmmmmmmmmm Buy your 2013 sets from the Mint NOW Edited to add: refer to the other thread about potential low mintage issues....the 2012 W was the lowest minted W ever.thus the spike in dollar set prices.. .SPOILER ALERT: the 2013 W is on track to be lower but the word is getting out. The '12 set final numbers were 27300 and the '13 has sold 31,410 (unaudited) so far Edited by Foxwoods Man
02/25/2014 3:42 pm
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Pillar of the Community
United States
9792 Posts |
I'd be selling NOW! You could probably buy the same set back in a year or so for a lot less. I believe it is speculators that are driving up the prices in the market. I mean are there really as many real collectors as sets produced? Make your money now, sell high buy low.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
 United States
4901 Posts |
Quote:
I'd be selling NOW! You could probably buy the same set back in a year or so for a lot less. I believe it is speculators that are driving up the prices in the market. I mean are there really as many real collectors as sets produced? Make your money now, sell high buy low. ..speculators might be driving up the price BUT it might also be something called demand. I would have thought the speculators would have gotten in on ground level...not now ..you really think there are less than 27,000 collectors of Silver Eagles? Really? I would guess well over a couple/few 100k but that's just my opinion after many years of buying AND selling them and watching prices rise due to collector demand. Over 800k proofs sold every year also kinda dispels that low number theory. .."sell high/buy low" can't argue with that but that would mean you would have had to have bought them "low" since they are now "high" Everyone is entitled to an opinion and there is nothing wrong with that. I just try to keep mine related to products I have known, collected and sold for many years. |
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Pillar of the Community
United States
9792 Posts |
I do not play in the modern markets at all, so I'm no expert, there may well be more than 27,000 serious collectors of Silver eagles, I know my friend buys around 50-75 proofs each year to give out as gifts he stashes away at least 10 for his daughter in safe deposit boxes, but he doesn't really collect them as much as hoard them, I expect there are a lot of individuals like him out there as well. I was sort of quoting the guys that put on "The Coin Show" radio podcasts, as this was a topic they covered as I listened last night. Episode #78 If I was buying them from the mint and was able to get them in 69 or 70 TPG graded holders I'd be really happy to sell them for more than $1K a set, but that's just me. They may not come down in price from that, but I'm betting in 4-5 years they will not be holding the $1K price levels. For the record I am no speculator nor do I buy modern mint products, just throwing out my opinion right or wrong, and I have been known to be wrong so take it as you will.  "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Bedrock of the Community
13014 Posts |
West add a 0 to the 27k for number of ASE collectors and thats probably a very conservative estimate. Theyre easily by far and away the most popular modern. As for if theyll hold their price itll depend on where the population ends up. If its like the 2013 special set where if you buy one you can more than likely make a 70 yourself itll fall. But if the percentage isn't that great itll stay up there around that range. Probably fade back a bit from the initial excitement of it but itll stay pricey. If the percentage is real low it may actually go up some in price. |
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Pillar of the Community
United States
4901 Posts |
It's all about the label. Whether you agree with it or not collectors will pay a MUCH higher price for that label. 2006 W ASE...NGC MS 70 http://www.ebay.com/itm/2006-W-SILV...em5d4968b4382006 W ASE...NGC MS 70 (same exact coin) http://www.ebay.com/itm/2006-W-Silv...em43c459da90This was minted 7 years ago and has continued to rise in price....not all that spikes up will come down Similar situation with the dollar set ASE's but with 70% less sets minted I find it pointless to comment from the heart without knowing some of the history of what I am commenting on....sometimes logic does not rule Edited by Foxwoods Man
02/26/2014 07:22 am
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Replies: 5 / Views: 1,374 |
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Posted 02/25/2014 4:56 pm
