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2011 Silver American Eagle Anniversary Set (5 coins)
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2011 Oct 27, 7:09am 2,367 views 6 comments
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everything
2011 Oct 27, 9:41am
I picked up 5 too, ordered them separately. I was going to wait a month or two until everyone has the sets hoarded away/broken up, etc. then maybe sell 3 or 4 sets, but if the premium is ridiculous who knows. I think it's going to depend on silver prices as well as demand, these sets will flood the market after they start getting shipped, but it will pick back up again after that initial shock is over.
B.A.C.A.H.
2011 Oct 27, 3:57pm
That's about $150 or so of silver. Lots of fun if you like to collect those things I guess, like for others comic books or beanie babies.
joshuatrio
2011 Oct 28, 1:35am
That's about $150 or so of silver. Lots of fun if you like to collect those things I guess, like for others comic books or beanie babies.
True. You're paying about $20 more per coin, vs. what you'd pay for a regular SAE (apmex has them for about $40 a pop). So, you're paying a premium of about $100 per set.. Not to bad.
I picked up 5 too, ordered them separately. I was going to wait a month or two until everyone has the sets hoarded away/broken up, etc. then maybe sell 3 or 4 sets, but if the premium is ridiculous who knows. I think it's going to depend on silver prices as well as demand, these sets will flood the market after they start getting shipped, but it will pick back up again after that initial shock is over.
Nice, glad you picked some up. They are selling on ebay now for about $600 a set - geez. I read somewhere that the 2006 SAE set (mintage of 250,000) took about 10 months for it's value to peak.
If this set hits $750-1000 + I'll probably sell. Some are calling for $1500/set, but that seems a little over the top.
joshuatrio
2011 Oct 29, 1:17pm
Wow - just a couple days later and they are selling between $700-800 set.
One of the kitco members mentioned that the local coin dealers are expecting this to settle around $2k.
Brings me back to the housing bubble.... lol
Gotta know when to pull your chips off the table.
May be a good buy - only 100,000 produced - the US Mints' phones have been busy all day, website crashes over and over. Max order is 5 sets per household.
Took 2 hours, but finally got my 5 ordered.... Should be here mid-November.
Apmex is already buying them for $125 per set more than you pay... Ebay sellers are making a killing right now.
http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?storeId=10001&mpe_id=10101&jspStoreDir=ConsumerDirect&productId=16626&intv_id=10551&evtype=CpgnClick&langId=-1&catalogId=10001&ddkey=ClickInfo