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 Replies: 13 / Views: 2,375 |
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Pillar of the Community
United States
1406 Posts |
Poll Question
With list prices from $2000 - $47,000 for sets of the America the Beautiful 5 oz coins I was wondering where most of the forum stands. What is the most you would consider paying?
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Bedrock of the Community
United States
10982 Posts |
I voted $974, which was the price I paid for a 5 piece set from A-Mark this week. I would pay $1349 for a set slabbed MS69, but that's a pie in the sky scenario! The numismatic versions will be sold by the mint this winter and I'm hoping to get a set of them for under $1250. P.S. I love the PCGS slab design for these pieces. It looks like the old PCGS "rattler" and is much smaller than the NGC monster slabs.  |
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Pillar of the Community
 United States
1406 Posts |
I think we made out really nice bherring! I still am worried about the 'Choice BU' grade. To me that says MS-63 to MS-65, but I really don't know anything about PCGS grading. I would have paid the $1350.00 from AMPEX and actually tried but was unable to.
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Pillar of the Community
United States
2424 Posts |
i believe a-mart or something sells the set pretty cheap, like $850.. but comes out to $950 or something.. not bad for a price right now.
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Valued Member
United States
287 Posts |
The a-mark website says 875, but their current pre-sell is closed right now I think
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Valued Member
United States
183 Posts |
My understanding is that everywhere that has listed the sets for less than $1000 sells out within a few hours... I think some are just fishing for more people to open accounts at this point even though they are really sold out... for example, Fidelitrade. Their site says they have more, yet they still have not confirmed orders of the people whose paperwork they received 2 weeks ago, and confirmed receipt of over a week ago.
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Pillar of the Community
United States
5606 Posts |
IMO, I have been collecting for 47+ years, I especially see on THIS site , people actually thinking a pcgs slabbed "first strike' Authenticated coins, not graded for condition are feeding into the frenzy, check out the auction at the top of the forum page for a "set" on the bay now at $2,200, the coins will be available for collectors later this year, and if silver falls, who knows, the price then "could" be much lower for the sets.( the price could also rise).
I just do not believe the designation of first strike will bring any significant premium over any other version, also, does this mean people NOW, can NOT get the set with out the David Hall slabs included? Who's idea was that one? Does the slab justify those prices?
I love the idea, I just do not feed into the "got to have it now" part, over the years this same premise has taken place, must have the first strikes now and 6-8 months or more later the must have has deflated down to "reality" level for all to enjoy, just my opinion...PS, I do believe the people who ordered now have done well as far as price of the day and hope the silver price stands to actually back up owning them with out a major cost loss..... I guess it all comes down to taking a chance on the price of silver coming down or going up as a determining factor in justifying the got to have it now premise....I like others have made a decision to wait it out and see, I wish ALL the best, and to the seller's on the bay it really is "America the Beautiful".......
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Valued Member
United States
364 Posts |
In a time where the mint misses a proof year and couldn't even get enough ASE's out there to make demand, they had to come up with an under the table way to make ten of their main distributors happier, knowing they were justifiably upset. So out comes a 5-ounce "bullion" coin series with deliberately low mintage figures. Ed Moy and his corrupt ilk let it get sold for a few weeks knowing good and well what would happen to the premiums out there because it was a deliberate scratch on the back. None of this was accidental. Don't release a coin intended for "bullion investment" and then plunge the mint figures into the toilet. These aren't bullion coins, they are nothing more than a further sign of government corruption made manifest in something that would fit into your pocket. I won't be buying these coins. Ever. I'm not going to put my stamp of approval on corruption. I think people buying them are OK to do so -- I'm just saying I can't. These coins are tainted and disgust me. |
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Valued Member
United States
171 Posts |
 I hope they turn out to be a great buy and hold their value for those purchasing them but I am with TenSense. |
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Pillar of the Community
United States
2335 Posts |
From what I understand of the program I don't agree that this fiasco was an attempt to make 10 suppliers happy. If that was the case there wouldn't be a 10% cap on what the suppliers could charge over cost. IMO this is just another example of Government stupidity.
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Bedrock of the Community
United States
10982 Posts |
Quote:In a time where the mint misses a proof year and couldn't even get enough ASE's out there to make demand, they had to come up with an under the table way to make ten of their main distributors happier, knowing they were justifiably upset. So out comes a 5-ounce "bullion" coin series with deliberately low mintage figures. Production of these 5oz coins was mandated by Congress over 2 years ago. It has nothing to do with making anybody "happy" or deliberately low mintage. |
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Valued Member
United States
183 Posts |
I would lean towards incompetence as reason for low mintages and distribution problems more than conspiracy.
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Pillar of the Community
United States
1406 Posts |
Prices are dropping! I've seen the average ebay BIN price go from $2250 to $1950 in just a couple days. Where are the prices going to end up? I should have asked in the poll what everyone thought these were actually worth. |
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Valued Member
United States
364 Posts |
Yes, on second thought I bet you guys are right. This is probably just a case of government ineptness :-/
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Replies: 13 / Views: 2,375 |
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Posted 01/22/2011 12:18 am
