Slabbed 25th Anniversary Sets - Silver American Eagle

[Dennis G Rears]

I wonder how many unslabbed of these sets remain. There were only 100K made
and one major grading service has certified over 25K of them. I only have
access to one of the census sites.

dennis

[Bremick]

"Dennis G Rears" <d...@runningpage.org> wrote in message
news:4f37256f$0$722$607e...@cv.net...

I'm saving my one set intact as received from the Mint. Who knows how few
will remain that way in 20 years. It is truly amazing that so many
purchasers-- collectors or not-- are rushing these sets to the Graders to be
broken apart and slabbed with the hope of making an even bigger killing on
resale. It used to be that a proof set was just that and most buyers were
careful to keep and enjoy them that way. Now it seems that the coins in
these mint-sealed sets have little appeal unless they're sealed in a new TPG
slab with a grade assigned. It's gotten so now that the few original sets
offered for sale on eBay seem to be looked upon as "raw" and less
desireable. Sad.

[Frank Galikanokus]

I've been wondering the same thing. What service are you looking at? Do
you think the other major, and a couple of minor, TPG's, could have
certified another 25K?

Original sets are going for $750+ on eBay.

JAM

[beekeep]

It's enought to make you think that lawyers are involved.

beekeep

[BJ]

You're right and wrong. I got my sets slabbed. First coins I've ever
slabbed. As a matter of fact, they're the first slabbed coins I've
ever owned. (Really.) Why? Because I have these 2006 20th
anniversary American Eagle sets, and can't prove that two of the
coins that come in it, came from that set. Anyone buying one of
these if I ever decide to sell, will assume I cherry picked the two
common eagles. I would. :-) (Okay, I'm being anal about it. I'm
sure we all have our foibles.)

I think for some of us, it's about proving the lineage, not reselling.

It's this reason that unopened, original mint packaging is selling
for more than open sets. The TPG's will not label the three common
coins as coming from the "SET", unless it's unopened.

You know, if you remove the plastic piece that holds the capsules
in the box that came from the mint, the five slabs fit very nicely
inside, as if the mint knew a lot of us would do this. :-) (I got
all the mint packaging back, and it really does look great...)

As to how many sets are really being graded (as opposed to having
the two unique's sent in), as of last week PCGS graded 12,700 sets
and NCG graded 26,250. That's 3/8ths of the total pop,

A lot of sets are being broken up raw. The average total for selling
the raw coins beats set prices. Some people just want the unique's.

All that said, I sent my sets to NGC, and they got there the last day
for an early release label. (As if there was an early release. But
if you're going to play the game, you might as well play the game.)

80% graded MS/PF-70. 20% graded MS/PF-69. One coin away
(the Reverse Proof) from four complete MS/PF-70 sets. But all
five S's came back 70's. Can't complain. So long as I'm going to
pay to have something slabbed, I might as well be happy I bought
good grades as well. HAhahahaha...

BJ
--
I have nothing important to say...

[Bremick]

"BJ" <backroa...@sbcglobal.net> wrote in message
news:ckdgj79hdj1bns90e...@4ax.com...

I likely won't be around to see it, but I truly believe that 20 years
from now there will be no premium on these slabbed "early release" or "first
strike" proofs, unless there is a discernable difference in the quality of
the coin independant of what the slab label claims. TPG-slabbed proof
Eagles from the 2006 or 2011 sets will be valued the same (grade for grade)
as those purchased singly from the mint and then slabbed. I'll bet a lot of
collectors have been tempted by visions of wild profits-- as if $750/set
isn't enough-- to ship every one of their 2011 sets off to have the coins
individually graded (at how much cost???).

During most of my early years collecting, proof coins in the annual Mint
sets were simply "proof"-- amazingly more exciting than their circulating
counterparts. The thought of inspecting each one and assigning it any grade
other than simply "proof" was decades in the future. Since there should be
no need for TPG authentification of proof Eagles from the 2006 or 2011 sets,
the only reason I can see for involving TPG's at all is financial
speculation. Otherwise, the coins should appear pristine in their Mint
packages to most collectors. The original coins will look just like they
did in the Mint holders, except they now sit in TPG holders with all the
contrived superlative adjectives on the labels. The king's new clothes.