Johnny Cache Hunter
Sr. Member
- Oct 16, 2006
- 399
- 34
- Detector(s) used
- Minelab Equinox, White's Spectra V3, Minelab Excalibur
- Primary Interest:
- All Treasure Hunting
OK Folks here it is,
A couple of days ago I posted a message under the COINS message board asking if anyone has made a purchase of the 2006 American Silver, or Gold for that matter, Eagle 3 coin set marking the AE's 20th anniversary.
I have a general interest in coins and other items of potential, or realized, value. I'm not exactly a collector of any one thing but rather a seeker of items of value, or potential value, which, for one reason or another, are undervalued at the time I'm able to acquire them. Don't get me wrong, I'm not out constantly searching for these things but rather if I should come across something I'll pick it up. This could be for a long term hold or short term flip. I suspect that many of you out there on this board do just the same thing, some more actively than others. Treasure comes in all forms right. The biggest thing is to know what to look for, and to have a sense of the market for that item. I know this isn't rocket science, its the eBay shuffle.
Well I've started to digress so let me get back on topic, which is, do any of you see a potential for a reasonable return on investment for purchasing the ASE coins. The gold set is cost prohibitive at this point for multiple purchases but the silver eagle sets are still somewhat reasonably priced. I already have a set for my personal holdings but what I'm thinking about is buying a few more to sit on long term for resale at a later point in time assuming there will be an appreciative gain in these sets.
Aside from all that, I'd simply enjoy just hearing back from folks as to whether, or not, they like this set, particularly the reverse proof.
What about the presidential dollars and associated gold coins depicting the first ladies that will be comming out soon? Personally, I hate those gold dollar Sac's, which the new presidential coins are going to be the same composite type and size.
What other things are out there that you guys are speculating on, coins or otherwise, share 'em, I'd love to hear 'em.
see original post below
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I was just wondering if anyone here has picked up a set of these coins. The set contains two firsts for the mint.
1) The first time the mint has issued an uncirculated silver eagle with a mint mark, not to be confused with proofs.
2) First time the mint has issued a reverse proof. The reverse proofs, for silver or gold eagles, are only available as part of the three coin set. The third coin in the set is the typical proof eagle.
Plus these coins have been designated as the 20th anniversary set of ASE.
The mintage on the silver set is 250,000 and, all in all, thats not to bad, it's still a rather low mintage.
The mintage on the gold eagles was limited to 10,000 sets. That's a history making coin in that set.
The key coins are of course the reverse proofs, which can't be purchased outside of the set. Unless of course someone breaks up a set, but the point being is that the other two coins in the set were sold separately by the mint and hence the mintage of those coins will be higher than that of the 250,000 coins for the reverse silver eagle or the 10,000 coins for the reverse gold eagle.
The prices for the silver set have been inching up and up and are now bouncing around 230 -280 for PF/MS69 graded coins and 1,200 or more for a set of PF/MS70's. The original issue price was 100.00 for silver. The gold set, with the reverse proof being the key coin with a mintage of only 10,000, is all over the place price wise. I've seen it sell for 11,000 graded at PF/MS70 and for as little as 5,500.00 ungraded or raw as it's commonly called. The mint issue price on the 3 coin gold eagle set was around 2600. Gold spot is around 650, given the set has 3 one ounce coins that wasn't way over the top price wise, it certainly seemed to pay off for those who speculated on these gold sets.
Any thoughts anyone has about these sets, I'd be glad to hear them. I was thinking this might be a nice set to pick up, tuck it away and forget about it for another 20 years.
Thanks all,
Johnny Cache Hunter
A couple of days ago I posted a message under the COINS message board asking if anyone has made a purchase of the 2006 American Silver, or Gold for that matter, Eagle 3 coin set marking the AE's 20th anniversary.
I have a general interest in coins and other items of potential, or realized, value. I'm not exactly a collector of any one thing but rather a seeker of items of value, or potential value, which, for one reason or another, are undervalued at the time I'm able to acquire them. Don't get me wrong, I'm not out constantly searching for these things but rather if I should come across something I'll pick it up. This could be for a long term hold or short term flip. I suspect that many of you out there on this board do just the same thing, some more actively than others. Treasure comes in all forms right. The biggest thing is to know what to look for, and to have a sense of the market for that item. I know this isn't rocket science, its the eBay shuffle.
Well I've started to digress so let me get back on topic, which is, do any of you see a potential for a reasonable return on investment for purchasing the ASE coins. The gold set is cost prohibitive at this point for multiple purchases but the silver eagle sets are still somewhat reasonably priced. I already have a set for my personal holdings but what I'm thinking about is buying a few more to sit on long term for resale at a later point in time assuming there will be an appreciative gain in these sets.
Aside from all that, I'd simply enjoy just hearing back from folks as to whether, or not, they like this set, particularly the reverse proof.
What about the presidential dollars and associated gold coins depicting the first ladies that will be comming out soon? Personally, I hate those gold dollar Sac's, which the new presidential coins are going to be the same composite type and size.
What other things are out there that you guys are speculating on, coins or otherwise, share 'em, I'd love to hear 'em.
see original post below
------------------------------
I was just wondering if anyone here has picked up a set of these coins. The set contains two firsts for the mint.
1) The first time the mint has issued an uncirculated silver eagle with a mint mark, not to be confused with proofs.
2) First time the mint has issued a reverse proof. The reverse proofs, for silver or gold eagles, are only available as part of the three coin set. The third coin in the set is the typical proof eagle.
Plus these coins have been designated as the 20th anniversary set of ASE.
The mintage on the silver set is 250,000 and, all in all, thats not to bad, it's still a rather low mintage.
The mintage on the gold eagles was limited to 10,000 sets. That's a history making coin in that set.
The key coins are of course the reverse proofs, which can't be purchased outside of the set. Unless of course someone breaks up a set, but the point being is that the other two coins in the set were sold separately by the mint and hence the mintage of those coins will be higher than that of the 250,000 coins for the reverse silver eagle or the 10,000 coins for the reverse gold eagle.
The prices for the silver set have been inching up and up and are now bouncing around 230 -280 for PF/MS69 graded coins and 1,200 or more for a set of PF/MS70's. The original issue price was 100.00 for silver. The gold set, with the reverse proof being the key coin with a mintage of only 10,000, is all over the place price wise. I've seen it sell for 11,000 graded at PF/MS70 and for as little as 5,500.00 ungraded or raw as it's commonly called. The mint issue price on the 3 coin gold eagle set was around 2600. Gold spot is around 650, given the set has 3 one ounce coins that wasn't way over the top price wise, it certainly seemed to pay off for those who speculated on these gold sets.
Any thoughts anyone has about these sets, I'd be glad to hear them. I was thinking this might be a nice set to pick up, tuck it away and forget about it for another 20 years.
Thanks all,
Johnny Cache Hunter
