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Found Treasure: Silver Eagle 25th Anniversary Sets

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TreeMonkey's Avatar
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 Posted 05/09/2016  2:47 pm Show Profile   Bookmark this topic Add TreeMonkey to your friends list Get a Link to this Message Number of Subscribers
I was cleaning out my closet and stumbled upon a box containing 2 long forgotten Silver Eagle 25th Anniversary sets. I intended to open or have them graded years ago, but here we are. How time flies.

Now that the dust has settled, my question to this distinguished group is thus; Should I just open the box already and enjoy or have them certified/graded first? It appears the second option is still available:

http://www.PCGS.com/News/PCGS-Certi...ersary-Coins

On a side note, it strikes me as odd that the box from the mint weighs 6 pounds (as indicated by a shipping sticker, so it could be less). That got me to wondering if perhaps the mint shipped me 5 sets instead of 2. It wouldn't be the first time they've made a shipping error. Upon receipt, the weight was not a red-flag, so maybe these are extra heavy sets?
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Cascade's Avatar
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 Posted 05/09/2016  3:24 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Cool. I suggest getting them graded or just sell the sealed box on ebay once the 30th anni stuff comes out while the irons hot
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CelticKnot's Avatar
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 Posted 05/09/2016  3:36 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
The wooden cases are pretty heavy for these sets and I wouldn't be surprised if they are 2-3 pounds each (including the 5 oz of metal). When I get home tonight I'll get my set out and drool over it, er, weigh it for you.

What a nice surprise to find!
Edited by CelticKnot
05/09/2016 3:38 pm
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Debrajc's Avatar
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 Posted 05/09/2016  3:47 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
Very nice find TreeMonkey!

Yes I agree 5 sets would weigh way more than 6 pounds with those heavy boxes.
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Foxwoods Man's Avatar
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 Posted 05/09/2016  3:50 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
I wouldn't be surprised if they are 2-3 pounds each


Absolutely agree...just weighed a set....2 pounds 10 oz

...and I would definitely get them graded. But that's just me....
Edited by Foxwoods Man
05/09/2016 3:51 pm
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denco7's Avatar
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 Posted 05/09/2016  3:53 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
I think that the "sealed box" phenomenon has passed. If you waited long enough on ebay, you may get someone to bite for an additional 10%. With all the counterfeiting and thievery on ebay these days, I highly doubt someone is going to spend that kind of money just on your word that there are not 6 pounds of rocks in there. And if they do open the box to verify the contents, then they are not going to pay a premium for a sealed box.

As far as grading goes, the only premium you will get is if all the coins grade at MS/PF 70. A slight premium can be had for mixed 69's and 70's. The cost of getting both sets graded on the chance that you may get a combined 70 set is a long shot. One 68 in either set takes the value back down to raw. IMHO
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Foxwoods Man's Avatar
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 Posted 05/09/2016  4:04 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:

As far as grading goes, the only premium you will get is if all the coins grade at MS/PF 70


Yup...that's always the plan....(NGC) the "S" sells for $385 and the RP $485 ...well worth the effort.

FYI...I submitted 20 sets and got zero 68's and a very respectable numbers of 70's
Edited by Foxwoods Man
05/09/2016 4:08 pm
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LeeG's Avatar
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 Posted 05/10/2016  10:03 am  Show Profile   Bookmark this reply Add LeeG to your friends list Get a Link to this Reply
Nice find. What I've done in the past when buying two sets was to send one for grading and keep the other.
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Foxwoods Man's Avatar
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 Posted 05/10/2016  1:50 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
was to send one for grading and keep the other.


Won't work in this case....
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TreeMonkey's Avatar
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 Posted 05/10/2016  5:33 pm  Show Profile   Bookmark this reply Add TreeMonkey to your friends list Get a Link to this Reply
Thanks for everyone's input! Feeling lucky so I plan to submit for grading and hope for the best (but really the best part will be seeing them for the first time whatever the grade). That is unless I lose track of them on my closet floor again.

Thought about selling the sealed box but with no ebay history and not enough posts to sell them here, that's not an option I care to explore. Besides, I really want to see them!

And thanks for checking the weight of these boat anchors. Indeed, there are only 2 sets. Rats.
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silverbob's Avatar
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 Posted 05/10/2016  9:05 pm  Show Profile   Bookmark this reply Add silverbob to your friends list Get a Link to this Reply
Oh yeah, I just stumbled on to this pile of $800 and some change I set on the night stand 4 or 5 years ago too. Pffffft. Chump change!

I understand being a collector of certain types and grades of coins requires deep pockets. But how does one forget about a set or coin of that value?
Edited by silverbob
05/10/2016 9:08 pm
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Foxwoods Man's Avatar
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 Posted 05/11/2016  06:48 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
It happens. Last week I was relocating some stock and found a sealed 2006 Annie ASE single 3 coin set that I had forgotten about. Not exactly a $600 purchase but could be that now...
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CelticKnot's Avatar
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12839 Posts
 Posted 05/11/2016  1:44 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
I "forget about" certain things I've purchased over the years for my collection and then stumble across them in my safe during some random reorganization effort. I'm pretty sure I have opened everything that comes through my door though.
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Cascade's Avatar
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 Posted 05/11/2016  5:48 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
This thread needs some pictures

Here's my set...

Found-Treasure:-Silver-Eagle-25th-Anniversary-Sets

Found-Treasure:-Silver-Eagle-25th-Anniversary-Sets

Found-Treasure:-Silver-Eagle-25th-Anniversary-Sets
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CelticKnot's Avatar
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12839 Posts
 Posted 05/11/2016  6:20 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
NICE!!

Did you submit them yourself or buy already graded?
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Debrajc's Avatar
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4211 Posts
 Posted 05/11/2016  6:44 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
Beautiful Cascade!

Gonna have to work on my ASE's next year!
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