25th Anniversary SAE Sets

[TomD]

Anyone luck out and get some of these?

http://i185.photobucket.com/albums/x229/TomD77/SAE3-1.jpg

[Neuro]

Did they start making these in 1986 then? I think I have one... Does it have any value apart from its silver value?

[TomD]

Did they start making these in 1986 then? I think I have one... Does it have any value apart from its silver value?

I'm talking about the recent issue of the 25th Anniversary set containing 2 coins not available elsewhere. Defining the value of an item as what you can reasonably expect to be able to sell that item for, these sets are valued at a high multiple of the spot silver value. The sets sold through the US Mint 3 weeks ago at $300 for a 5 coin set at 1 oz per coin. The sets are now selling like hotcakes on ebay and through whatever dealers have them for $800 to over $1000 per set.

[TomD]

Ya gotta admit one thing about this site, not much interest in metals or numi.

[osoab]

Ya gotta admit one thing about this site, not much interest in metals or numi.

Can't argue that TomD.

No sets for me. I think you posted the link for the mint site when the sale occurred.

Did you flip any sets?

[TomD]

Can't argue that TomD.

No sets for me. I think you posted the link for the mint site when the sale occurred.

Did you flip any sets?

Not yet. I bought 5 and will sell 2 short term to cover my cost and sit on the rest for a while. I'll end up keeping 1 set.

[bl96S5eu]

@TomD
My numi interest is low but occasionally something catches my eye. My most recent exception is I'm building a few sets of the Perth Australian Lunar 2 series.

[Sparky]

The Mint sold these $500 bucks short of what they could have gotten. At 100,000 sets, that could have been $50 million in their coffers.

[TomD]

The Mint sold these $500 bucks short of what they could have gotten. At 100,000 sets, that could have been $50 million in their coffers.

Which would power the US government for what? Lessee here 5 x 10^7th / 35 X 10^11th sounds like 1 / 7 x 10^4th or 1/70,000th of a year, about 7 minutes. ;-)

Actually, I like the way the US Mint did it, especially compared to the Perth Mint intro of the Dragons where they sold the lot to dealers, who jacked the price through the roof and kept all the profit for themselves.

[TomD]

@TomD
My numi interest is low but occasionally something catches my eye. My most recent exception is I'm building a few sets of the Perth Australian Lunar 2 series.

I think that will end up being one of your better investments, probably even better than that common stock in General Electric. (I never can seem to find a good sarcasm emoticon when I really need one.) I collected a bunch of the 1st series at what will be a killing if I ever sell. Bought in mostly in the 2005-2007 range for in the very low $teens. As well as silver bullion has done since then (roughly 3.5:1), not even close to the appreciation of the Lunars.

[1970 silver art]

I'm talking about the recent issue of the 25th Anniversary set containing 2 coins not available elsewhere. Defining the value of an item as what you can reasonably expect to be able to sell that item for, these sets are valued at a high multiple of the spot silver value. The sets sold through the US Mint 3 weeks ago at $300 for a 5 coin set at 1 oz per coin. The sets are now selling like hotcakes on ebay and through whatever dealers have them for $800 to over $1000 per set.

I think that those will continue to sell for a very high premium for a while longer on ebay. Too many people are still trying to obtain a set and they are willing to pay whatever price on ebay to obtain one. Based on what I am reading on other forums, this 25th Anniversary SAE set appears to be the hottest item that the U.S. Mint came out with in a while.

[Neuro]

Ya gotta admit one thing about this site, not much interest in metals or numi.

I think most people here have the metals, but most are not in to numismatic collectibles. More like a SHTF insurance, and in that situation numismatic values will drop like a stone. People here are more interested in the underlying causes of SHTF...

[TomD]

People here are more interested in the underlying causes of SHTF...

OK, but what is inherent in that statement that would preclude enjoyment in PM's for their own sake, most especially in the case of a website named gold-silver.us? The situation isn't either/or. In the case of the 25th sets, a very rapid tripling of your invested FRN's helps finance your preps.

[1970 silver art]

I think most people here have the metals, but most are not in to numismatic collectibles. More like a SHTF insurance, and in that situation numismatic values will drop like a stone. People here are more interested in the underlying causes of SHTF...

Most people on GSUS are not collectors such as myself based on my observations on GSUS. Collectors are different from regular PM buyers. This is just my opinion but most collectors who buy PM's concentrate much more on what is in their stack as opposed to how many oz's they have accumulated in their stack. Most SHTF preppers and stackers concentrate much more on how many oz's they have accumulated as opposed to what is in their stack.

[Neuro]

OK, but what is inherent in that statement that would preclude enjoyment in PM's for their own sake, most especially in the case of a website named gold-silver.us? The situation isn't either/or. In the case of the 25th sets, a very rapid tripling of your invested FRN's helps finance your preps.

Yes, that is one way of increasing your stack, agreed... But I think most who buy collectibles, do it because they are generally interested in it, not because they are prepping for SHTF. Those that are prepping for SHTF, are generally not interested in Numismatics, even if you can make some money on it. I have some silver that may have some numismatic value, but I didn't pay more for it than my non-numismatic silver, and I don't value it any differently either. But probably, unless I get a good offer for the coins, they would be the last that I sell, mostly because they are uncommon and interesting. Most probably I'll just pass them on to my children when I die, and maybe they would be very valuable to them or their children...

[TomD]

But probably, unless I get a good offer for the coins, they would be the last that I sell, mostly because they are uncommon and interesting.

You see? You're a numismaticist and didn't even know it. There are coins out there that have value from sheer artistry. Once you admit that some silver is more valuable that other silver, then it all flows from that point.

http://i185.photobucket.com/albums/x229/TomD77/1991Kookaburra2.jpg

[Neuro]

You see? You're a numismaticist and didn't even know it.

Hehehe, not really, the few old coins I have is barely an ounce of silver, I don't know if they have any collectors value, and I certainly didn't pay any premium for them, but I guess I like them...

Anyway, back to the topic at hand, the 25th aniversary set, will be in an edition of 100.000 sets of 5 coins. That in itself should be a great limit on its future value, it is not a unique thing at all, and most of them will remain in circulation for a very long time, unless SHTF of course, and those that own them trade them for a dozen eggs, and a bag of potatoes, then they'll end up having bitemarks, or being sawed to smaller pieces for later trade, or melted down to wedding rings...

Either way buying the set for $900-1000 today should not be a winning proposition in a monetary sense.

[1970 silver art]

Hehehe, not really, the few old coins I have is barely an ounce of silver, I don't know if they have any collectors value, and I certainly didn't pay any premium for them, but I guess I like them...

Anyway, back to the topic at hand, the 25th aniversary set, will be in an edition of 100.000 sets of 5 coins. That in itself should be a great limit on its future value, it is not a unique thing at all, and most of them will remain in circulation for a very long time, unless SHTF of course, and those that own them trade them for a dozen eggs, and a bag of potatoes, then they'll end up having bitemarks, or being sawed to smaller pieces for later trade, or melted down to wedding rings...

Either way buying the set for $900-1000 today should not be a winning proposition in a monetary sense.

I will agree with this part of your post in bold print unless a person who bought it for a $1000 sells it to someone who wants it so bad enough that they are willing to pay much more than $1000 for it.

[TomD]

Either way buying the set for $900-1000 today should not be a winning proposition in a monetary sense.

No way would I buy a set for $900+ either, but selling a set that I bought for $300 3 weeks ago for $900 is another proposition entirely.