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 Replies: 17 / Views: 3,323 |
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Valued Member
United States
224 Posts |
There is so much insanity over these coins I decided to buy ten sets and put them away. With a mintage of 250,000, I wouldn't think they would be rare enough to cause much of a stir, but the public is fickle. Anyone else have any thoughts on these. I know about the ebay insanity, but what about the long term? |
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Valued Member
 United States
224 Posts |
I can't type to save my live and I don't see a way to edit my posts on this board. I meant to say 20th Century Silver Eagle 3 Coin Proof Sets in the title above.
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Bedrock of the Community
United States
14454 Posts |
I bought 20 sets myself, I bought 10 to come here and 10 more to come to my aunts house next door, I placed them in multiple orders though (even though it cost me 4.00 each order) so I wouldn't have to send the whole 10 in to be graded. I figured I would send in 6 sets to get graded so I put 6 on one order, then I put 2 sets each order there after just in case they did well and I could get 2 sets graded at a time, or sell them sealed on ebay if I find that is more profitable than sending to be graded and then selling. My first 10 have already arrived and the second set says they will be shipped sometime in December. I really think these things have to be close to sold out by now from what I have been hearing of others ordering them and if they do the demand with multiply a few times I think for both graded sets and original sets, tyhe original sets may be more rare than the graded sets because it seems everyone wants that 20th anniversary label on their slabs |
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Moderator
 United States
23522 Posts |
Maybe I'm just a pessimist, but IMO you better move fast to turn these into any kind of decent profit. You put it best, TypeMaster, when you said that they aren't rare enough to cause a stir. A quarter of a million sets, the worst of which is likely PF66/67, won't last long on the resale market.
Judging from the number of people I've heard talking about buying multiple sets, there has to be pretty strong dealer/reseller participation in this issue. Therefore, pretty soon they're going to be common.
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Valued Member
United States
335 Posts |
I have been seeing them in PR. '70 for $7000, on TV, but you can call and dither.
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Bedrock of the Community
United States
14454 Posts |
I'm sure what I dont make on the silver sets the gold sets will make it up
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Valued Member
United States
470 Posts |
Yeah, there is money to be made now. I'm selling sets for 3 1/2 times over face; graded 69. With the reverse proof going for as much as $175.00 in 69 and the single w's are going for $150.00. People are finding it cheaper to buy the sets and get the standard proof for free.
Edited by Andrew289
11/03/2006 8:00 pm
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Valued Member
United States
179 Posts |
It is very hard for me to understand this mania, but let's look at the numbers....by comparison, the American Buffalo silver sold out at 500,000 in fairly short order. Technically, there are 273,000 Proof and 227,000 Uncirculated. They are going for at least 4 times issue price. I'd call that a bit hyper-inflated.
Now we have a Reverse proof, available only in the set, with no surety of any more to come after this run of 250,000.As bad as I hate to succumb, I am going to order more in units of two, keep them unopened, and sit on them, as mentioned by Bryan1315. I opened my first two, and they are absolutely gorgeous. So at least I get to enjoy them in the normal fashion, while taking the chance (a pretty good one, IMHO) that a few extra will pay off in the long run. Wish I could have afforded more of the gold sets, they are a no brainer for profits.
Say what you will about the usmint (and I am a harsh critic of theirs), they certainly are making it interesting these days.
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Rest in Peace
United States
3730 Posts |
We received our two sets today, and are very pleased with them.
Wish I had the money to buy more, as an investment.
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Valued Member
United States
224 Posts |
Do you see any defects in the sets?
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Member
United States
703 Posts |
Out of 15 coins (5sets) I have found a strike thru on a reverse proof and on a unc one. Need to find a strike thru on a proof for a set.
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New Member
United States
16 Posts |
quote:
Originally posted by SuperDave
Maybe I'm just a pessimist, but IMO you better move fast to turn these into any kind of decent profit. You put it best, TypeMaster, when you said that they aren't rare enough to cause a stir. A quarter of a million sets, the worst of which is likely PF66/67, won't last long on the resale market.
Judging from the number of people I've heard talking about buying multiple sets, there has to be pretty strong dealer/reseller participation in this issue. Therefore, pretty soon they're going to be common.
The reverse proof is obviously the star of this set. Look at the mintages of other proof coins in the series. 1993P 403,625 1994P 372,168 1995P 395,400 1995W 30,125 2006RP 250,000 Obviously the 1995W with such a very low mintage is the super star. If you price the 1993P - 1995P coins in proof 69 you will see they are selling individually for much more than the entire 2006 20th anniv. silver set. Also, look on ebay for anyone selling the 1993 - 1995P proof coins and you will see there are very few for sale. I really can't see how the 2006RP by itself will sell for any less than those coins since it has a lower mintage and is the first reverse proof ever from the US Mint. In addition to needing it to complete a set of the entire series, I believe the mint will produce these coins again in 2007 and on. If so, some people may start collecting reverse proofs only and they will competing with people trying to complete entire series sets. Bottom line - the 2006RP is the second scarcest coin in the series, the first reverse proof and should out price the 1993P - 1995P coins. Its only logical. |
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Valued Member
United States
224 Posts |
One of the dealers here told me he has completely sold out several times and his sources have also dried up. The ones I bought I will sit on and will probably have my mother, my wife's relatives and anyone else I know with a 1000 bucks buy 10 sets or even one. This will go higer in my opinion and stay that way for some time. The reverse proof is the kicker. quote:
Originally posted by SoHumble
quote:
Originally posted by SuperDave
Maybe I'm just a pessimist, but IMO you better move fast to turn these into any kind of decent profit. You put it best, TypeMaster, when you said that they aren't rare enough to cause a stir. A quarter of a million sets, the worst of which is likely PF66/67, won't last long on the resale market.
Judging from the number of people I've heard talking about buying multiple sets, there has to be pretty strong dealer/reseller participation in this issue. Therefore, pretty soon they're going to be common.
The reverse proof is obviously the star of this set. Look at the mintages of other proof coins in the series.
1993P 403,625
1994P 372,168
1995P 395,400
1995W 30,125
2006RP 250,000
Obviously the 1995W with such a very low mintage is the super star. If you price the 1993P - 1995P coins in proof 69 you will see they are selling individually for much more than the entire 2006 20th anniv. silver set. Also, look on ebay for anyone selling the 1993 - 1995P proof coins and you will see there are very few for sale.
I really can't see how the 2006RP by itself will sell for any less than those coins since it has a lower mintage and is the first reverse proof ever from the US Mint. In addition to needing it to complete a set of the entire series, I believe the mint will produce these coins again in 2007 and on. If so, some people may start collecting reverse proofs only and they will competing with people trying to complete entire series sets.
Bottom line - the 2006RP is the second scarcest coin in the series, the first reverse proof and should out price the 1993P - 1995P coins. Its only logical.
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Bedrock of the Community
United States
14454 Posts |
they sure seem to be doing pretty good if they are graded, this one here is just the reverse proof (not the other 2 coins) graded by PCGS as PR70 and sold for $5887.00 so if its a flop I hope all the coins I have in my collection is a flop http://cgi.ebay.com/2006-P-PCGS-PF7...le_W0QQitemZ140048177762QQihZ004QQcategoryZ11959QQrdZ1QQcmdZViewItem |
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New Member
United States
26 Posts |
I had received 3 sets already and sent them off to PCGS for grading and first Strike  But 1 came back prdc 70 so I'll sell that 1 and order 3 more sets and still make a little bit so I can buy MORE coins  |
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Valued Member
United States
208 Posts |
quote:
Originally posted by nvinson105
I had received 3 sets already and sent them off to PCGS for grading and first Strike But 1 came back prdc 70 so I'll sell that 1 and order 3 more sets and still make a little bit so I can buy MORE coins
The reverse Proof came back PR70?! |
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Replies: 17 / Views: 3,323 |
Posted 11/03/2006 4:25 pm
