Hello everyone, I have a few boxes of very rare Sealed 20th Anniversary Silver sets, where all three coins qualify for 1st strike. I really need the money right now, so I decided to sell 2 and keep 2 for myself (to submit to PCGS when I have $750 in fees), but seeing how low the bids are so far I'm wondering if I made a mistake.
Since this is not something that has been up on Ebay for many months, is there any way of knowing what a reasonable market value would be? What should I expect to get?
I'll appreciate any thoughts anyone has on this. Thanks!
gxseries: Link edited out.
Full Version: Was this a mistake to sell (currently listed on Ebay)...
Hmmm...no return policy? No Paypal? this sounds more like self promotion for your auction than advice 
QUOTE(Ken_3567 @ Sep 1 2007, 08:34 AM) 
Hmmm...no return policy? No Paypal? this sounds more like self promotion for your auction than advice
I would have to agree
Overpriced in my opinion!!!
I guess you can look at it any way you want. The main reason I made a post was to see ask if there was any established "market price" for these. Although there's plenty of sealed boxes on Ebay, I have never seen a first strike box, let alone where all three coins qualify. Anyway, sorry I asked. Believe me I hate spam no less than you do...
Sorry, link edited out as it sounds like self promotion.
Market price = what someone is willing to pay at the time you are selling
You can go by an average of what has been realized in previous auctions, but times change and so do bid amounts
You can go by an average of what has been realized in previous auctions, but times change and so do bid amounts
Until the U.S. Mint changes current policy there is no such thing as a FIRST STRIKE. Also the word RARE is a huge turn off to a serious collector and should not be used unless the item being described is indeed rare. With all the hype being poured daily by advertisers and shopping networks for rare coins that number in the millions I would hesitate to even consider the word, let alone use it. Recently an online group I am involved with commissioned and just received their first silver, brass, and copper medallions, with a total of 167 being struck, and after breaking them down by proof or satin finish some of them number no more than 18 pieces. Are these 38mm medallions rare with only 167 available to collectors throughout the world? A pewter 63mm medallion is yet to be delivered but they to will be in such small numbers and scattered to our members throughout the world. The odds of seeing on in person are extremely low and the chance of buying one is next to nil as they are not available to the general public but the group is considering the sale of just ONE on Ebay to raise funds for next years medallion.
The point I am trying to make, and don't get me wrong, is that modern day coinage is not rare and after the hype dies prices will go down and most of the time that will be dramatically. If you need to make a few bucks on these now then do so as the only modern day coin that has really held any value a few months after release are the 2001 Indian/Buffalo dollar and, of course the Olympic commemoratives of 96. The Olympic commemoratives held value, not because of demand at the time but for the lack of interest by collectors who were simply overwhelmed by the massive mint offering in 95 and 96. Thus few coins went out the door in 96 and supply and demand now come into play. As long as demand is greater than supply prices will remain high and firm. Most modern day coins cannot sustain demand very long as there is always a new issue coming in the months ahead so collectors turn their thoughts towards the next great hype. If I were you I would sell what you desire and see what time does to the value of your other sets. Good luck!
The point I am trying to make, and don't get me wrong, is that modern day coinage is not rare and after the hype dies prices will go down and most of the time that will be dramatically. If you need to make a few bucks on these now then do so as the only modern day coin that has really held any value a few months after release are the 2001 Indian/Buffalo dollar and, of course the Olympic commemoratives of 96. The Olympic commemoratives held value, not because of demand at the time but for the lack of interest by collectors who were simply overwhelmed by the massive mint offering in 95 and 96. Thus few coins went out the door in 96 and supply and demand now come into play. As long as demand is greater than supply prices will remain high and firm. Most modern day coins cannot sustain demand very long as there is always a new issue coming in the months ahead so collectors turn their thoughts towards the next great hype. If I were you I would sell what you desire and see what time does to the value of your other sets. Good luck!
QUOTE(crystalk64 @ Sep 1 2007, 07:18 AM)
Until the U.S. Mint changes current policy there is no such thing as a FIRST STRIKE. Also the word RARE is a huge turn off to a serious collector and should not be used unless the item being described is indeed rare. With all the hype being poured daily by advertisers and shopping networks for rare coins that number in the millions I would hesitate to even consider the word, let alone use it. Recently an online group I am involved with commissioned and just received their first silver, brass, and copper medallions, with a total of 167 being struck, and after breaking them down by proof or satin finish some of them number no more than 18 pieces. Are these 38mm medallions rare with only 167 available to collectors throughout the world? A pewter 63mm medallion is yet to be delivered but they to will be in such small numbers and scattered to our members throughout the world. The odds of seeing on in person are extremely low and the chance of buying one is next to nil as they are not available to the general public but the group is considering the sale of just ONE on Ebay to raise funds for next years medallion.
The point I am trying to make, and don't get me wrong, is that modern day coinage is not rare and after the hype dies prices will go down and most of the time that will be dramatically. If you need to make a few bucks on these now then do so as the only modern day coin that has really held any value a few months after release are the 2001 Indian/Buffalo dollar and, of course the Olympic commemoratives of 96. The Olympic commemoratives held value, not because of demand at the time but for the lack of interest by collectors who were simply overwhelmed by the massive mint offering in 95 and 96. Thus few coins went out the door in 96 and supply and demand now come into play. As long as demand is greater than supply prices will remain high and firm. Most modern day coins cannot sustain demand very long as there is always a new issue coming in the months ahead so collectors turn their thoughts towards the next great hype. If I were you I would sell what you desire and see what time does to the value of your other sets. Good luck!
The point I am trying to make, and don't get me wrong, is that modern day coinage is not rare and after the hype dies prices will go down and most of the time that will be dramatically. If you need to make a few bucks on these now then do so as the only modern day coin that has really held any value a few months after release are the 2001 Indian/Buffalo dollar and, of course the Olympic commemoratives of 96. The Olympic commemoratives held value, not because of demand at the time but for the lack of interest by collectors who were simply overwhelmed by the massive mint offering in 95 and 96. Thus few coins went out the door in 96 and supply and demand now come into play. As long as demand is greater than supply prices will remain high and firm. Most modern day coins cannot sustain demand very long as there is always a new issue coming in the months ahead so collectors turn their thoughts towards the next great hype. If I were you I would sell what you desire and see what time does to the value of your other sets. Good luck!
I appreciate you taking the time to share your thoughts. I know that most modern coins are hyped up at one time or another, and to one extent or another. However there are many more coins then the 2 you listed that have gained in value since their release. I mean, even the 1999 silver state quarters have multiplied in value many times. I can name lots of examples, including Platinum, Gold, Silver, and clad coins, but it's probably pointless. All I wanted to say was although I disagree on some of what you say, I do agree with other things (like about "1st Strike" being bullshit). Regardless, just wanted to say that I do appreciate you sharing your thoughts with me rather than simply jumping to conclusions about why I posted this question and attacking me regarding something that's not even true (like everyone else on this and other forums have done). -Ariel
There was no attack made here. I was simply stating a modern day fact. Coin collecting and new releases are heavily advertised and "hyped" to get the unknowledgable to pay extremely high prices for coins that can and will drop like a rock. You mentioned other coins and price increases which I agree with but do NOT see them sustaining those current prices due to the amount struck. The 1999 silver proof sets, along with the 2001 proof sets, are great selling items (I already sold ALL of mine) right now but keep in mind just a little over a year from now collectors like you and I will NOT be looking for statehood quarters any longer and the mints of the world are going to pump out new items for us to seek. It is human nature to look for the next great thing as we are all plotting and planning our future everyday.
Proof sets are notorious for dropping like a rock and after 30 years of collecting I cleaned out the proof sets and started targeting individual coins.
I guess my recommendation to you was simple. You are faced with a decision and it does not matter what anyone else here thinks. If you can live with it then it was a good decision and thats all that is important. This hobby is one of the few in the world where each of us must make our own decisions and we will profit from some and lose from some and to me that is the thrill of it. A chance to be in control, to collect what I want, in the condition I want and at my own pace. There will always be those willing to tell you what to do but in the end the choice is yours.
Personally, if I had your sets, I would test the water with a few of them. If you make your profits now off of a few sets, and its a good profit, then perhaps the remaining sets will end of being of no cost to you? That is a pretty good deal when it works out so good luck to you and always remember when asking for advice you may not hear that which you expect to hear and that is why we call it advice. Asking for it and taking it are two different things just as all of our opinions are different on every subject.
Proof sets are notorious for dropping like a rock and after 30 years of collecting I cleaned out the proof sets and started targeting individual coins.
I guess my recommendation to you was simple. You are faced with a decision and it does not matter what anyone else here thinks. If you can live with it then it was a good decision and thats all that is important. This hobby is one of the few in the world where each of us must make our own decisions and we will profit from some and lose from some and to me that is the thrill of it. A chance to be in control, to collect what I want, in the condition I want and at my own pace. There will always be those willing to tell you what to do but in the end the choice is yours.
Personally, if I had your sets, I would test the water with a few of them. If you make your profits now off of a few sets, and its a good profit, then perhaps the remaining sets will end of being of no cost to you? That is a pretty good deal when it works out so good luck to you and always remember when asking for advice you may not hear that which you expect to hear and that is why we call it advice. Asking for it and taking it are two different things just as all of our opinions are different on every subject.
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