Community Voice Responses (08/07/12)

From the July 13th Numismatic News E-Newsletter: Will the two-coin ‘S’ silver Eagle proof set soar in value? Here are some answers sent from our e-newsletter readers to Editor Dave Harper.

The set should double in value.
The thing that scares me is that everyone knew the mintages of the 2006, 2011 and 2012 sets and what they did in the secondary market. This could mean people don’t have the money to buy and shows just how bad the economy is.
Thomas Prechel
Address withheld

The set will soar in value. It’s a true collectible, not like some of the crap the Mint purveys.
Art Schuetze
Colonial Heights, Va.

It��s possible for the “S” Eagle set to go up. Even though over 215,000 were ordered, there’s always those that didn’t order or don’t know how to. It might double in price.
eBay will likely have the early release, first strike, etc. The coins will be graded and slabbed. If they are graded MS-70, they’ll have premiums on them.
And let’s not forget they are semi-keys to the series. I could go on, but it’s redundant.
Arthur Solvang
Brooklyn, N.Y.

The likelihood of the 2012 two-coin “S” mint Eagle set actually soaring in value is not that great. If we’re lucky, in years to come, it will be worth a little more than melt.
Then again, it being a limited issue Eagle offering, it might go up in value somewhat over a period of time.
I never even thought about it actually making money, I just wanted to own one. I like to consider myself a silver Eagle collector.
Michael P. Schmeyer
Halsey Valley, N.Y.

I don’t think so. Though I think it would be great to own the San Francisco two-coin set.
Personally, I feel we’re inundated with silver Eagles of various sorts.
I further feel that the Mint keeps churning out one gimmick (series) right after the other to see just how much of our hard-earned money it can snatch from our pockets. Just look at what they’re charging for the two-coin set for crying out loud. Eagle fatigue anyone?
Bryan New
Columbia, Ky.

I don’t think it will soar. However, I do think it will increase in value with time.
Over 200,00 sets were sold, which means it is not all that rare.
Plus, all the other new products will keep some kind of check on the price.
Griff Carnes
Kerrville, Texas

I think at the price issued by the U.S. Mint that these sets offer great value.
It would be difficult for these coins to only sell for $75, considering the subject (silver Eagles, either “S” mint or reverse proof) and the mintage (I had expected sales of well over what the Mint sold).
Ian Russell
Irvine, Calif.

Will the two-coin “S” silver Eagle proof set soar in value? Well, it all depends on how many sets the U.S. Mint intends to produce.
As I see it, the U.S. Mint has stated that it will not set a limit on the number of sets they intend to mint. The U.S. Mint has stated that it will mint based on the demand.
I have purchased the set but don’t intend to see the price of the set to soar in numismatic value.
Larry Young
Tyrone, Ga.

I don’t think the price will soar. Last time I checked, the mintage numbers were over 250,000.
Joseph Delessio
Address withheld

Sure they will soar in price. As soon as pigs develop the ability to fly south in the winter with the geese.
The Mint and Congress. Is there anyone less trustworthy?
Robert Farrow
Address withheld

This set’s mintage is very close to the 2006 anniversary set mintage. The mystic allure of the San Francisco Mint and the “S” mintmark can’t hurt.
With three reverse proof coins and six matte finish coins, the silver Eagle series has variety and excitement.
And slab collectors have a wide assortment of labels and plastic holders that keep them and the label selling services happy.
I refuse to buy a bullion coin that has been “certified” as coming from one mint or the other. If the “leading” certification companies were not making a killing by selling labels and plastic, I think the hobby would be crying “scam.”
How would a collector know their coin is a genuine “S” mint, first early release, special label, limited issue holder, $27 bullion coin? No need to trust your dealer or other source.
You’ve got a label. Try to sell that slabbed coin to someone for more than the bullion value.
They might just say “I have to crack it out, and the extra work will cost you. I’ll give you $22.”
I’ll keep my 2012 “S” Eagle set in the original government package.
Donald Cantrell
Address withheld

No, this set is over-priced and over-produced.
I will not be buying these until the price comes in line with the silver value. More than a quarter million will be sold.
Jim Marceau
Kerrville, Texas

Yes, prices will rise to around $450, my best guess anyway.
Robert Farrar
Address withheld

Yes, I believe they will go up in value. With that in mind, hopefully the U.S. Postal Service packages will be in safe hands from bandits as they disperse late in September to the lucky owners.
In fact, I just saw on the Internet that someone had already posted a pre-sale of over $200 for the pair. And that may be on the low side in the after-markets.
This, in my opinion, will create a lot of excitement.
Kenyon Miers
Esperance, N.Y.