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 Replies: 12 / Views: 2,347 |
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Pillar of the Community
United States
870 Posts |
Alright - I'm trying to figure these out. Gray Sheet is $23, Red Book is $80, yet they're going on ebay consistently close for $25 or less seemingly irrespective of end time or day. I've noticed most coins are going for about half of Red Book these days (summer), but what I'm noticing isn't consistent with that either. Is the Sac dollar just not a popular coin? And if so, what makes Yeoman (red) price them at $80 for PR65 when PR69s are barely making a third of that? There are a bunch of (nearly) complete sets going for about 2x gray... that's what called my attention. Anybody have any theories? I am totally new to Sac's, so I'm just tryin' to learn. =) Thanky! Edited by delaner
08/25/2010 02:17 am
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Pillar of the Community
United States
1418 Posts |
Honestly, I think that $25 is too much for one.
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Bedrock of the Community
United States
17884 Posts |
Because they used to be a lot higher and they are coming down fast. A couple of years ago they WERE in the $80 range. The RedBook, being published just once a year, is much slower to reflect changing prices on a active market. The Graysheet, published weekly, is much more on top of changes in the market. |
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Pillar of the Community
United States
4541 Posts |
conder pretty much nailed it
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Bedrock of the Community
United States
12437 Posts |
The 2001S Sackie was and still is the key to the series* but almost all moderns have taken a price hit in the past year or two.
*not counting the Glenna Goodacre burnished presentation pieces or the Cheerios dollars
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Pillar of the Community
 United States
870 Posts |
Ah, gotcha - thank you! Very interesting. Good to know. =) So may this be a good time to buy or will they continue to fall? May be good to have for a few years from now?... I'm guessing not. They'll probably be the last to rebound, eh?
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Pillar of the Community
 United States
2448 Posts |
I thought the "Cheerios" reverse was the Key? Most will never get one.
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Bedrock of the Community
United States
12437 Posts |
Notice the caveat below my statement regarding the Cheerios Sackies and the Goodacre coins  They should not be considered part of the regular Sacagawea series since they are essentially one-off patterns minted in 1999 before the business strike/proof production began. The Goodacre coins were payment to Glenna Goodacre for her design and are presentation specimens in every sense of the term. Only a couple thousand Goodacre pieces are available while less than 20 Cheerios pattern Sackies are known. |
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Pillar of the Community
United States
2448 Posts |
Well all I have to say is, with around 5,380 still out there, "That's a lot of uneaten Cheerios".
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Bedrock of the Community
United States
17884 Posts |
Since the 2001-S Sac isn't really any scarcer than any of the other proof Sacs I would expect it to keep falling until it is just a couple dollars over the others. I think it will always be a little more than the others because it was once a "key".
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Valued Member
United States
151 Posts |
I don't really disagree with you Conder but why was it once a key since the mintage is more or less in line with the rest of the proof issues?
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Pillar of the Community
United States
870 Posts |
A fine question pfriddle. I'm trying to figure that out myself. If anything, it looks like the 2008 should be!
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Bedrock of the Community
United States
17884 Posts |
Because it was considered a key in peoples minds because the proof sets were ridiculously high. The high price of the sets also resulted in a much smaller number of sets being broken up. This made the individual 2001-S dollar harder to acquire than it's mintage would justify. So its price was high and it was "the Key". So for at least seven years people have thought of it as the key, and because of that mindset it will probably always bring at least a small premium over what it should.
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Replies: 12 / Views: 2,347 |
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Posted 08/25/2010 02:16 am
