Which coin in the SAE 25th annv. set do you see as the key...the "S" mint unc. or the Reverse Proof?
Based on ebay sales thus far, the "S" minted unc is going in the $325 range and the reverse proof in the $375-$400 range.
Personally, this is what I expected. While the "S" minted burnished coin is a first time issue, it really doesn't hold the visual appeal of the reverse proof. To me, each coin has a limited mintage of 100,000 and the reverse proof is more appealing to the eye. Sure, the "S" minted unc is going to be very popular and I love it...but it doesn't look any different from the "W" burnished coin.
I realize some of you may prefer the "S" minted coin as it is a "first ever" coin...I respect that opinion!
However, to me, the reverse proof with a 100,000 mintage is king. Think about it...the Morgan Silver Dollar was minted from 1879 to 1904, and then again in 1921. Same coin, different dates...a 1895 or 1893-S would be worth thousands and thousands. So, my point is even though the reverse proof was minted in 2006 with a mintage of 250,000, I think that this years 100,000 mintage will make it the key coin in the "Silver Eagle 25th Anniversary" coin set.
Well, that's my opinion...I welcome yours!!!
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Replies to This Discussion
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Permalink Reply by Buffalo on -
I think there will probably be more high grade examples of the reverse proof than the Unc. So I think the reverse proof will have greater appeal and demand overall, but there will be relatively few high grade examples of the Unc version. So maybe a situation where grade plays a part, the key in terms of rarity in 70 grade will probably be the Unc.
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Permalink Reply by Craig Thomas on -
I like, some here, didn't get an order soon enough. But a coworker, got his set Friday...the S mint bullion coin was out of the capsale and has a bad scratch on the reverse. What to do...Just keep it! But what a disappointment! He did say the reverse proff was exceptional. I hope to see them. He also said the lacquer box was enormous. Sounds a lot like the UHR! Best of luck and happy receipts to the lucky souls that were able to get these coins.
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Permalink Reply by Bruce Wiseley on -
The Mint does have a return policy for "Damaged" coins, although that might be a little problematic because of the limited mintage. I made a "funny" comment a couple of weeks ago about the baggage handlers and their handling of the sets, and from what I've been reading, I guess I was accurate, unfortunately. It's sad, that after all the blood, sweat, and tears involved while ordering and waiting for delivery, the idiots there just threw the coins into the box, and hoped for the best! Mine arrives today before 10:30 via UPS, so I'm hoping for the best.
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Permalink Reply by Ike on -
Agree & you will need both for a full set of ASE
Buffalo said:I think there will probably be more high grade examples of the reverse proof than the Unc. So I think the reverse proof will have greater appeal and demand overall, but there will be relatively few high grade examples of the Unc version. So maybe a situation where grade plays a part, the key in terms of rarity in 70 grade will probably be the Unc.
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Permalink Reply by Bruce Wiseley on
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I have been checking out the different prices for the 25th set, and they are ranging from $750 up to $1,099, and these are for the raw sets. I'm almost tempted to buy a couple at the $750 price. Any thoughts from the experts on the site? Thanks guys.
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Permalink Reply by james wolfe on -
http://youtu.be/qVMHRwrMyzU check it
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Permalink Reply by Bruce Wiseley on
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Thanks James, that was priceless. Out of the mouths of dictators, der nazi's, der democrats, der idiots!!!
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Permalink Reply by james wolfe on
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you welcome
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Permalink Reply by Indentured Servant on -
Yeah, I have a thought. If someone wants to give me $700 for ungraded sets I might just sell the three excess sets I have. Heck, I'd even put a piece of bubble wrap in the box to keep the coins in place during shipping. I have not looked at secondary market prices nor have I thought about it much. Why are they selling for so much? I'm just guessing but the RP and S coins must be the real keepers here. Who is paying so much for raw sets?
Bill
Bruce Wiseley said:
I'm almost tempted to buy a couple at the $750 price. Any thoughts from the experts on the site? Thanks guys.
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Permalink Reply by Bruce Wiseley on
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Bill, just a few minutes ago, I saw prices for the raw sets running from $750+ to $1150, depending on the dealer. A small dealer in Indiana is selling for $750, and MCM is already up to $1200. Like I stated earlier, I'm thinking about getting a couple at $750, which is why I asked the question. The whole situation is un-real!
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Permalink Reply by Clair Alan Hardesty on -
I guess which coin will be the "key" depends on the definition of the word. If we are talking about which coin will sell for the most by itself in any given grade, then my bet is for the RP. It is a very special coin, more interesting and more difficult to produce that the S uncirculated coin. I also believe that there will be more RPs that fall below 69 than there will be for the S and that we will see fewer of each 69s and 70s for the -P compared to the -S.
If we are talking about the key being the coin that will have the lowest population in anniversary set labeled slabs at grade 69 or 70 then my choice is the bullion coin, whether or not it is recognized as an (S). I think that this coin will have the lowest population for those two grades of any of the coins in the set and that the two unique coins, which will probably have significantly higher but still the next two lowest pops, will end up with more graded examples with set labels because they can still get the labels once sets are opened. I do not think that this will make this coin the most expensive but it will raise it ridiculous levels in MS70, especially if it carries FS or ER tags as well, as people try to assemble like labeled sets from individual coins. Once sets are opened (outside a TPG) this coin reverts to an almost ordinary bullion coin, differing from tens of millions of others only in what is probably slightly better handling on its way to collections.
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Permalink Reply by IndianGoldEagle on
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I have to agree with Buffalo. They both have the same mintage number so it will depend soley on the grading totals. We would also expect the majority of proofs to grade higher than the Unc's.
Buffalo said:
I think there will probably be more high grade examples of the reverse proof than the Unc. So I think the reverse proof will have greater appeal and demand overall, but there will be relatively few high grade examples of the Unc version. So maybe a situation where grade plays a part, the key in terms of rarity in 70 grade will probably be the Unc.
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