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 Replies: 13 / Views: 1,425 |
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Valued Member
United States
224 Posts |
Now that the American Eagle 20th Anniversary Silver Coin Sets are all gone from the Mint, what does everyone believe the future holds for these sets?
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Pillar of the Community
United States
751 Posts |
If you'll allow, I propose to broaden the discussion to the future of the American Eagle series given the popularity and potential of the Buff:
As there were 11 years between 10th and 20th anniversaries, does anyone want to hazard a guess when the 30th anniversary will be recognized? Or if there will be a 25th anniversary?
And how long quarter and half ounce gold will continue to be made? Or platinum?
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Pillar of the Community
United States
2269 Posts |
With 1994, 1995, and 1995W proof, being the key coins for the series. It would seem apparent that the 2006 Reverse Proof with the second lowest mintage of the series and the Uncirculated, possibly being the third lowest, should command a much bigger premium over the 1994 and 1995. Add that to the growing popularity of the series and it makes for a good key coin.
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Valued Member
United States
143 Posts |
Well........ the ASE Silver Anniv. set in one of my orders still shows, 'Backordered...to ship on 12/08/2006.' They missed that date. HOWEVER, my other order with five more sets has changed from the above to, "In Stock and Reserved." So much for crashing them through NGC before Xmas. Also, my 15 UNC W's have gone from expected ship date of 12/08/2006 to the 13th of December. This is one I just looked at back in September and said, "Oh, what the heck," but thought about cancelling later. My original plan was to give some out to some of my better friends, but these may not get here in time either. Sounds as though I had better hang on. |
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Valued Member
United States
390 Posts |
I think the key to value on the 20th anniversary sets will be the little blue or black labels showing them graded as 20th anniversary sets. The reverse proofs will have this as well regardless of if they are in the sets, but I think the amount of graded sets will be much less than the total mintages because everyone opened theirs when they got them (except for the ASE sets). That's the only thing that will make the gold and silver set valuable, since it was a 20,000 mintage set and would have to be graded as such to prove it's part of those 20,000 (since you can buy each coin separately from the Mint). Same with the ASE set, but with 250,000 of these, many more graded sets will be available over time. Most people now know not to open them if they want them graded, which will mean more will be graded with the 20th labels, lowering the future values. It's interesting to see the differences in prices on the gold sets on ebay. The 69 grades are around 44,000 and the 70's are over $6,000. That's a lot for just one point on the grading scale, but people seem to be buying them. I wonder what the population reports will show for NGC and PCGS once the dust settles. I bet not a huge amount. I think they will sell for a lot in a few years (as if they're cheap now!) |
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Pillar of the Community
United States
1541 Posts |
You can't open the box if you want to get them certified?
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Pillar of the Community
United States
986 Posts |
You can't open if you want them to be labeled 1st strike. Of course, the cut-off was about a month ago.
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Valued Member
United States
143 Posts |
Shatsi-
You cannot open the brown shipping box from the mint if you want "20th Anniversary" slabs on all three coins. The reverse proof can always get it since it was never issue separately. You would have to bundle that unopened box from the mint and re-ship it to the TPGs. But, it's all a stuff-shoot. If they come back 70's (I STILL REALY believe only dealers get those) you're looking at thousands of dollars. 69's would get hundreds; 68's--ehh!
I already screwed that up with my first batch, so I have four sets in their silver boxes.
The other thing you CAN do with opened boxes is send the reverese proof in for "20th" label and have the other two graded or not. You can sell the reverse for more than the cost of the set. 69 reverses are getting $200-300. Selling the other two would just be gravy.
If I could get a few coin dealers to say, "Yep, you have a 70," I might do it.
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Pillar of the Community
United States
2269 Posts |
I would like to send the whole set to get graded. I know when I finally receive the set, the temptation will be there to open it up and look at the reverse proof instead of staring at pictures.  |
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Pillar of the Community
United States
1541 Posts |
quote:
Originally posted by Spider5689
I would like to send the whole set to get graded. I know when I finally receive the set, the temptation will be there to open it up and look at the reverse proof instead of staring at pictures.
That's the problem. I ordered 2 sets, one to keep for sure and might send the other to be graded. |
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Valued Member
United States
411 Posts |
quote:
Originally posted by seth
Shatsi-
...If they come back 70's (I STILL REALY believe only dealers get those) ...
aybe it was a fluke, but I got an MS70 on my buffalo $50 gold piece from NGC. I'm not a dealer. As to the topic, I can't think of a single reason to have my anniversary set coins graded. But then, like I said, I'm not a dealer, and haven't any opinion on whether a premium is justified for NGC's or PCGS's expensive and predictible opinions. I didn't send my proof buffalo coin in and I have never sent any of my other mint products in for grading. Not that I wouldn't if I could see some future in it. But the mint holders are nice, especially for these Anniversary sets. Maybe if I intend to sell them on ebay, I'll have all my mint products or some of them graded. If they're 70s, then yahoo, IF I intend to sell them on ebay - my local dealer told me the best way to liquidate these coins is to sell them on ebay. The only reason I sent the MS buffalo in is because I wanted in a proper holder and the ones from the mint were unsatisfactory. In reality, I don't think it adds very much to the REAL qualilty of these coins to assign them these ridiculous grades - I mean, I think the MS69 grade is a consolation prize and has nothing to do with the state of preservation of the coin's surfaces. |
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Valued Member
United States
414 Posts |
I agreed. I think as dealer, you might want them to be graded. What percentaae of coins sent were PR70? If most of them are PR68/69, then the price for PR68/69 will be mint price + fee invloved in graded + dealer prenium. PR70 will command higher price. But then if you only have a few, the chance for your to be PR70 is low. If you only get PR68/69 back, the price of your coin will only be mint price - seller's prenium. You will not get fee for grading back. As I see in the ad, there are so many PR69 around. I don't think PR69 in future will command higher price than the intact set.
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Valued Member
United States
411 Posts |
quote:
Originally posted by monster
I agreed. I think as dealer, you might want them to be graded. As I see in the ad, there are so many PR69 around. I don't think PR69 in future will command higher price than the intact set.
I totally agree with you about MS69s/PR69s. I think the 70s are a gimmick, like the "first strike" designations. 69s are the consolation prize if you don't get a 70. 68's, in my experience, usually have some minute but visible flaw. Edited by Stephen420
12/09/2006 7:30 pm
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Valued Member
United States
390 Posts |
I think the grading debate will go on for some time. Like years! The real value of the grading will be seen, if at all, years from now. If you had 50% of the 10,000 gold sets sent in for grading, most came back 69's (I haven't seen any 68's on ebay, but I could have missed them), and then you have the lower quantity of 70's. Even though there are a lot on ebay right now, they will go away at some time in the future, and the prices will rise over the coming years. The mint sets that are opened will still be very valuable, but I don't know if they will be worth as much since the supply and demand aspect of this needs to be considered. You may have 50% of 10,000 that were opened, or more, who knows, so there may only be 1,000 or 500 70's graded sets. That will make it very expensive to buy down the road. They are selling for $6,000 now, just imagine what they will cost in 10 years. Yikes! I am waiting for my 10 sets of ASE 20th anniversary coins. 8 are supposed to ship yesterday and two are on backorder to yesterday. Shatsi, if you ordered two sets, they may send them together and if you want to see them, you would have to open the box which would not allow you to send the other set to be graded. That would suck big time! What's interesting right now is that there are 15 graded 70 sets on ebay and on 6 69 sets. And one of the 70 sets (which I did not include in the 15) only has the reverse proof with the blue label. The other two don't have it and there are 18 bids at $6,000 right now! These people have no clue they are being hosed on this one! And then there are the buy it now people who want really crazy money on the off chance that some other fool will buy it form them. This phenomenon is amazing to watch. The greed factor is off the charts! |
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Replies: 13 / Views: 1,425 |
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Posted 12/08/2006 07:10 am
