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Omg! What A Deal! American Silver Eagles!

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howell1018's Avatar
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717 Posts
 Posted 04/08/2023  4:36 pm Show Profile   Bookmark this topic Add howell1018 to your friends list Get a Link to this Message Number of Subscribers
First a little background to provide some context. I'm 72 years old. My father-in-law is 95, he's not really a coin collector, but picks up the odd item here and there. He's also very conserative politically (I'm not), so coins and bullion appeals to him though he doesn't have much of either.
So today he calls me first thing in the morning. Wants to get my opinion of a wonderful offer he saw on television. A complete run of ASE's from 1986 to present all graded MS69 by PCGS. Only $3,000. My father-in-law is financially comfortable, but not overly so. He still has to watch his spending. He's aware of his own mortality, but believes this might be a great investment for the family when he leaves his mortal coil. I have repeatedly told him when he's called me with similar opportunities that if he saw it on t.v., or in a non-coin related magazine it's probably not a good deal. I tell him that this is not a good deal. He doesn't want to believe me. I point out to him that there are people selling the same thing on ebay for a lot less. He grudgingly concedes I might be right. I'll see him tomorrow when he'll probably ask me about investing in bags of SBA dollars or the like.

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HondoB's Avatar
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24918 Posts
 Posted 04/08/2023  4:54 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
That sounds like a Mike Mezack special, howell.
Inordinately fascinated by bits of metal with strange markings and figures
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nss-52's Avatar
United States
54280 Posts
 Posted 04/08/2023  5:08 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
Tomorrow you will probably find out that he made the purchase.
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Collects82's Avatar
United States
1316 Posts
 Posted 04/08/2023  6:27 pm  Show Profile   Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
It doesn't take long on google to find other sellers at around $2400 at 39 coins sets, which averages to $61/coin. Still seems high, you could probably piecemeal this together and get a few labelled MS70 along the way for less. At $3k, its a lowsy investment for the family IMO. An investment assumes more hope of future sale for more $, but that is highly improbable in this offering. The guy on TV selling at MAX retail if not more and is the only winner in the deal.
Edited by Collects82
04/08/2023 6:40 pm
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cointagous's Avatar
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1143 Posts
 Posted 04/08/2023  6:40 pm  Show Profile   Bookmark this reply Add cointagous to your friends list Get a Link to this Reply

Omg!--What-A-Deal!--American-Silver-Eagles!
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HondoB's Avatar
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24918 Posts
 Posted 04/14/2023  5:16 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Woke last night at 4AM and turned on the TV. Saw this exact offering - it's from Rick Tomaska / RCTV (Rare Collectibles TV). He was demonstrating the "value" of various individual coins in this set by showing asking prices he found on ebay.

Inordinately fascinated by bits of metal with strange markings and figures
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HondoB's Avatar
United States
24918 Posts
 Posted 04/15/2023  2:45 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Same thing last night - woke at 4AM and turned on the TV (it's a nightly thing). Mike Mezack was selling the same set - at $79.99 per ASE.
Inordinately fascinated by bits of metal with strange markings and figures
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Morgans Dad's Avatar
United States
5603 Posts
 Posted 04/15/2023  5:30 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
Hello, GREAT Topic , I too see the Only After Mid- Night Mikes out there , He is a Knowledgeable Marketing Genius,

I remember One Show He said He Just Bought a 1792 DISME ..... Very Rare Coin, Once in a Life Time Kinda Coins, Crazy Money. He Clearly can Afford It..... We Are Only Wards , for and Till, the Next Enthusiastic Collector, No...


The " 39 Coin Sets " Are they the BULLION , With no mint Marks, Correct... The $2400 for a 39 coin Mint Marked American Silver Eagle Set from 1986 Thru 2023 would be 39

The American Silver Eagle Series of ALL Mint Marked Collectible Coins, including the 1995-W Proof, ( which is the Top Coin IN the Series, to Date, at a Mintage of 30,125 )...... would cost Approx, $23,000.00 Just wanted to Inform Those Seeking the ASE... The 1995-W Alone Listed in the 2023 Red Book is Valued @ $4,000.00 Thanks for Sharing...
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Dearborn's Avatar
United States
94765 Posts
 Posted 04/15/2023  8:40 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply

Quote:
The 1995-W Alone Listed in the 2023 Red Book is Valued @ $4,000.00

Now the new 2024 Red Book has the 95-W ASE proof valued at $4500 at PR69, and $16,000 in PR70
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United States
1217 Posts
 Posted 04/15/2023  9:02 pm  Show Profile   Check Gilly's eBay Listings Bookmark this reply Add Gilly to your friends list Get a Link to this Reply
Man o man, I guess we're both lucky we got in when we did. Pretty soon an OGP set, given the value of the ASE and the gold, will be a five figure set!
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Dearborn's Avatar
United States
94765 Posts
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Morgans Dad's Avatar
United States
5603 Posts
 Posted 04/17/2023  2:48 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply


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