The new Anniversary Set?
I just read about the new 25th Anniversary Set from the Mint, and I was wondering what the price might be? Of course I realize that it all depends on the spot price of Silver, and a profit margin, but you all are way smarter than I am, so I thought I would throw it out there for an educated guess. There will be 5 coins, with a new reverse proof, and the Mint is including an Eagle from San Fransisco. I wonder if it will have the "S" mint mark, or do we have to trust the Mint, LOL!!! Any thoughts and ideas will be great and fun to read. Thanks all.
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Replies to This Discussion
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Permalink Reply by Craig Thomas on -
I think they will be in the $325-$350 range. With an ordering limit of five, they will almost assuredly sell out the first day. I have heard that the S mint mark will appear on the San Francsico coin. If this is true, it's value will sky rocket on the seconary market. I think the mint should limit this set to two per household initially so that a greater number of people can aquire a set. Best of luck to everyone aquiring these once they go on sale.
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Permalink Reply by Indentured Servant on -
Since the proof ASE is going for $59.95 I'm going to guess that the set will be somewhere near $300 at current silver prices. Given the chances of silver going up, I'd guess $350 to $375 but I hope it's closer to $300.
My only decision with respect this set is whether I want to buy and keep five sets or one. I suppose that I'll buy five, and keep the best examples.
From 1-1-11 to date silver is up a bit more than 38%. Since the January 25th low of $26.81 silver is up a touch over 60%.
Bill
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Permalink Reply by Gary on -
I agree this set will sell for the $350 to $400 range at current silver prices! Finally another reverse proof! I was hoping the mint was going to continue to produce the reverse eagle after 2006!! But no luck with that! So its nice to see another one finally made!! By far my favorite eagle of all!!
Side note....only a guess here...but i will make the prediction that these will double in value right out of the gate(well after sellout)
Good Luck Everyone!!!
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Permalink Reply by Clair Alan Hardesty on -
The San Francisco coin will be an uncirculated coin, produced on the special burnished planchets and will carry the S mint mark. That means that the set will contain two unique coins because it will also contain a P mark reverse proof. Also included will be a bullion coin, which could come from either West Point or San Francisco but I suspect the mint will not tell us which mint it is produced at. With the proof now at $68.45 and the uncirculated W mark coin coming out at $60.45, the five coin set will most certainly be over $300 and may reach the $400 figure that Gary used. The final price depends a lot on the price of silver at the time of issue. At least the mint should not feel the need to over price the set since they should be able to assume a fairly fast sell out. I don't think that the set will sell out the first day. If everyone ordering buys five sets (a more likely average is two or three) then 20,000 orders must be placed with a more realistic number being 40,000 to 50,000 so I think it will take at least a few days to sell out, especially at such a high price.
As to value, the set will certainly increase if the 2006 set is any guide. That set jumped to $400 from an initial price of $100, then eventually dropped to $300 and with the price of silver is back to $400. Most of the value is in the reverse proof, with some additional boost from the low mintage uncirculated coin, which was in its first year. With two unique coins, this set has the potential of reaching $600 or more very soon after sell out but that will depend a lot on how many are bought by dealers and how fast the sets hit the secondary market. One hundred thousand sets is a lot of coins and it will never be rare or anything approaching rare but it should follow the footsteps of the 2006 set fairly well. With five ounces of silver in the set, a drop in spot could hurt value significantly, with the unique coins being its only saving grace. Of course the converse is also true, a rise in spot could send the value very high indeed.
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Permalink Reply by Louis on
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Good points, Clair. Just one question: I agree the SF will have an S mintmark, but has the Mint actually officially stated that? I was wondering where you got the info. on it being burnished and having the mintmark since those are not specifically stated in the Mint's press release. However, I think the fact that the release refers to it as an UNC not a bullion coin means you are probably right at least that it will be burnished. And of course it would be crazy not to put a mintmark............
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Permalink Reply by Clair Alan Hardesty on
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The mint has never produced a burnished without a mint mark and they are equally as likely to never state a coin's origin if it wasn't to have a mark. They don't mention the origin of the bullion coin, even though they now come from two possible locations. According the the mint's release the set contains:
* one proof coin from the United States Mint at West Point
* one uncirculated coin from the United States Mint at West Point
* one uncirculated coin from the United States Mint at San Francisco
* one reverse proof coin (frosted background with polished, mirror-like design elements/foreground) from the United States Mint at Philadelphia
* one bullion coinIf the third coin was not to carry a mint mark, they would not say where it comes from or they would have said that it was to carry no mark. It would be unreasonable to assume that this one coin would deviate from an established standard without mention. It is listed as an uncirculated coin which is mint nomenclature for the burnished Eagles.
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