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GINO TUMMINIA

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Journal Entries posted by GINO TUMMINIA

  1. GINO TUMMINIA
    -debido a la disminución en el mercado de la plata, Nuevo precio espera que sea $ 139.95 por la Casa de Moneda. . .
    Este juego es muy esperado por los coleccionistas, ya que contiene un 2013-W Reverse Prueba American Eagle moneda de plata y un 2013-W Enhanced American Eagle fuera de circulación la moneda de plata (juego S40), siendo esta última una primera oferta cada vez que se produce utilizando las nuevas pulido y métodos helar láser. Estas dos monedas de plata son golpeados en las instalaciones de Casa de Moneda de EE.UU. en West Point.
    Después de la última semana ola de ventas de oro y plata, los mercados parece estar en el proceso de tocar fondo. La demanda de metales preciosos físicos y joyas recogió como los precios cayeron. Además, los cazadores de gangas están comprando en esta inmersión causando una escasez en los suministros de metales físicos. Así que aguanta ahí, si usted está en condiciones de comprar, ahora es el momento. Kitco.com tiene buenos precios.
    Como resultado, el Mint suspendido la venta de una serie de productos hecho de plata hace una semana en espera de la estabilización de los precios de la plata y la nueva fijación de precios de los productos. Los siguientes enlaces(links) te pueden dar una mejor visión de los detalles.
    SILVER COINS TODAY:
    http://www.silvercoinstoday.com/us-mint-silver-coin-suspensions-west-point-silver-eagle-set-price-cut/108595/
    AMERICAN SILVER EAGLES:
    www.facebook.com/silver.eagles.96
    Para aquellos que prefieren comprar sus monedas certificadas por NGC o PCGS, Modern Coin Mart está reservando sets. El precio esperado para el conjunto MS70/PF70 debe ser alrededor de $ 230. Encuentre más información en este link:
    MODERN COIN MART.:
    http://www.moderncoinmart.com/store/pre-order-notification-request-form.html

  2. GINO TUMMINIA
    The numbers are in.. 251,695* Sets sold as of June 6th.
    The closing bell brings the end of these sets from the Mint. Total sales have matched those of the 2012-S San Francisco 75th Anniv. 2-coin ASE set at 251,695 units.
    This set is highly anticipated by collectors as it contains a 2013-W Reverse Proof American Eagle Silver Coin and an 2013-W Enhanced Uncirculated American Eagle Silver Coin (Set S40), with the latter being a first ever offering that is produced using new polishing and laser frosting methods. Both of these silver coins are struck at the U.S. Mint facility at West Point.
     
    The links below might give you a better picture.
    SILVER COINS TODAY:
    http://www.silvercoinstoday.com/us-mint-silver-coin-suspensions-west-point-silver-eagle-set-price-cut/108595/
    AMERICAN SILVER EAGLES:
    www.facebook.com/silver.eagles.96
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  3. GINO TUMMINIA
    ... and Still Just $149.95, and is likely to be one of the most popular numismatic products of the year.
    Is this issue an indication of things to come in the future production of Silver Eagles and other US Mint issues? The US Mint notice reports that there will not be any ordering limits. As was with last years San Francisco 2-Coin Set, orders will be taken during the four week window from May 9, 2013 at 12:00 Noon ET to June 5, 2013 at 5:00 PM ET. The sets will begin shipping in late June. Last year's San Francisco Set was also offered during a four week window and reached final sales of 224,981.
    I've attached a couple of links that provide a better overview of this event.
    SILVER EAGLES TODAY:
    http://www.silvercoinstoday.com/2013-american-silver-eagle-west-point-two-coin-set/108549/
    AMERICAN SILVER EAGLES:
    www.facebook.com/silver.eagles.96
    COIN WORLD:
    http://www.coinworld.com/articles/viewarticle/mint-to-introduce-new-american-eagle-finish

  4. GINO TUMMINIA
    Casa de la Moneda(US Mint)presenta una nueva superficie de las Águilas de Plata el 9-Mayo-
    La nueva edición del Coin World nos da una idea de lo que vendrá en la producción de American Eagles de plata. El conjunto va a celebrar el 75 aniversario de la Casa de Moneda de West Point, que se publicará a 9-Mayo, 2013. La nueva superficie se va a aplicar a la moneda fuera de circulación Pulido utilizar algunas superficies pulidas y reflectantes similares a los encontrados en monedas de prueba, y se golpea varias veces en lugar de una vez, no es una prueba. La prueba inversa mantiene los campos como espejo y dispositivos de esmerilado para un efecto cameo. Estos procesos han sido utilizados previamente en la producción de la Uncirculated 2012-P Hawaii Volcanoes National Park 3-pulgadas, 5-oz moneda.
    Mirando la foto asociada de la moneda en el artículo sugiere la aparición de "colorear" (pero probablemente estoy equivocado).
    De todos modos, echa un vistazo-Sólo tienes que seguir los enlaces de abajo y leer por sí mismo. Déjame saber lo que piensa.
    (via FB) www.facebook.com/silver.eagles.96
    (Coin World) http://www.coinworld.com/articles/viewarticle/mint-to-introduce-new-american-eagle-finish

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  5. GINO TUMMINIA
    Mint to introduce new surface finishes on ASE's on May 9th-
    The new issue of Coin World gives us a glimpse of things to come in the production of American Silver Eagles. The set will celebrate the 75th anniversary of the West Point Mint, to be issued May 9, 2013. The new surface finishes to be applied to the Burnished Uncirculated coin utilize some polished, reflective surfaces similar to those found on Proof coins, and is struck multiple times rather than once, it is not a Proof. The Reverse Proof maintains the mirror-like fields and frosted devices for a cameo effect. These processes have previously been used in the production of the Uncirculated 2012-P Hawaii Volcanoes National Park 3-inch, 5-ounce coin.
    Looking at the associated photo of the coin in the article suggests the appearance of "colorizing"(but I'm probably wrong). Anyway, take a look- Just follow the links below and read for yourself. Let me know what you think.
    (via FB) www.facebook.com/silver.eagles.96
    (Coin World) http://www.coinworld.com/articles/viewarticle/mint-to-introduce-new-american-eagle-finish

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  6. GINO TUMMINIA
    Also, a "FB Page" for Silver Eagle enthusiasts.
    A FB Page is available for anyone who would like to Comment, contribute, Follow, or Post US Silver Eagle related info and pics.
    The link is here:
    http://www.facebook.com/people/Silver-Eagles/100004247730076
    (Make sure to copy the entire line or data to link)
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  7. GINO TUMMINIA
    . . . I want a -Denver- minted Silver Eagle Set, think there will ever be one?
    Some time ago I inquired about having the 2012(S)coin added to the MS Eagles competative set, the response from the Staff (I think) was overkill, by adding a whole new set that includes ALL the variation labels. Now the the ASE MS Set includes the 2011(S) but not the 2012(S), the other includes both 2011/12(W) and (S) coins.
    Though I agree that the -(S)Struck at San Francisco Mint- coin, though just another bullion coin, can be considered a variation from the pack, having actuaslly been minted at S.F., the same does not hold true for the (W) version. It's a West Point bullion coin, the same as the other bullion coins, the only difference is that one Label says 2011 or 2012 Silver Eagle, and the other label includes a -(W)Struck at West Point- on its label, both produced at the same time, from the same Mint, maybe even from the same box!
    Since I don't believe that the (W) label defines it as a Variety Coin different from the standard Bullion Label, I Don't believe this Label should have any distinction from the regular label in the Competative Sets! To me its like having a slot for the plain Brown label, and ERs or West Point Label for the same coin. However, a silver eagle from the Denver Mint would be interesting- that hasn't been done yet.
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  8. GINO TUMMINIA
    Open for comments, discussion, and pictures
    The link below takes you to a Facebook alternative for general discussion, comments, and photo uploads of your silver eagles.
    The link is here:
    http://www.facebook.com/people/Silver-Eagles/100004247730076
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  9. GINO TUMMINIA
    Is there a Better Way than Ebay?
    Another member posted a similar question on our Chat Board, and thought I'd follow up with my own.
    I've dealt exclusively with Ebay for the last 15 years, not giving much thought to other auction houses. Unless it's a really hot item, My listings tend to hang there for quite a while because I can't afford to lose any money, listing it for the fair market value. They generally sell after all the "low ball" priced items are gone.
    The auctions are generally a "Buyers" market, becuase it's the Seller who eats the cost of doing business!
    At times after the auction close, i've been lucky and received offers on the closed items, and been able to make a large direct sale that way. Some by sending a Paypal Invoice or by Postal Money Order for the total $$$.
    However, it's that percentage of the total transaction fees that'll make you faint, Combined Ebay/Paypal scalps me for about 12-14% on every sale, and when your sale is for several Thousand Bucks, in addition to insured shipping costs- Just Add it up- YIKES!
    Is there a better, more cost effective route for selling our wares?

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  10. GINO TUMMINIA
    The numbers weren't bad at all!
    251,302 was the US Mint's preliminary tally as of Sale Closing at 5PM, July 5th. When you consider the fears of potential over purchasing by vendors and profiteers, the total actually came in much less than anticipated. Estimates of over a Million were being forecast, I kept mine at about 1/2 that number.
    So much had been made by some over the lifting of purchase limits, and how our sets were going to be devalued, etc. Well it turned out well for all. The total sales were just high enough to spead the wealth, but not so much to flood the market. In any case, the total number sets is 2-1/2 times the total of the 2011 25th Anniversary sets, but certainly much less than the number of Silver Eagle Collectors out there who want to maintain a complete set. What boggles me is that with all the advance advertising and the ample availablity of this product, that so many are now bidding on the set through Ebay Pre-sales, where were these guys for the last month?
    Stay thirsty, My Friends.

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  11. GINO TUMMINIA
    Are we getting our money's worth?
    The last time I could afford to purchase a monster green box was in 1998, costing me a whole $3,300 with the Dealer's mark-up and shipping. Those of us who have been around for a while remember Spot Silver prices vs. US Mint pricing before the start of the 2006 inflation.
    In 2000, with silver still at under $5/oz, an OGP proof silver eagle sold for $24. Factor in about $2 per unit in production costs and the Mint saw a 350% return. Then again, production totals were usually only just 50 to 75,000 units. At the same spot price, the MS eagles (with dealer markup) cost $120 per roll!
    On June 6, 2005, Spot silver was at $7.50/oz, and a 2005 NGC MS-69 ASE cost $49, a PF69 - $75
    On June 6, 2012, Spot silver is at $29.50/oz, that same coin still priced at $49 and $75.
    Today's dynamics are much different; Bullion Silver price is at 4 times that of 2005, yet the coin market has failed to keep up with that pricing multiple (Thank God). Therefore, Is it worth it to buy an OGP silver eagle from the Mint, and send the coins to be certified? It was then - It ain't Now, except for the special set issues! For just a couple of bucks more, we can pick up a MS or Pf-70 silver eagle from the dealers. As an example, would you pay $200 for a 2005 MS-69 ASE? Of course the exception to those ratios comes into play with the Special Issues like the 2006, 2011, and 2012 Anniversary Sets. We've all seen how these Sets and individual Set coins have increased in value dramatically.
    I've read complaints about the disparity of the Spot Meetal vs. Mint price ratio, It is, what it is!
    In 2011 there were 10 silver eagle issues, including varieties. As Silver Eagle Collectors, we "suck it up" and pay the price, for the sake of keeping our sets up to date. Many of us felt the strain on our wallet. It would obviously be easier and less costly if the US Mint limited these issues to the production of just the bullion Mint State and the Proof coins each year as before, with an occasional special issue eagle coin. Recently my frustration peaked when the Mint announced the possibility of continuing the trend by possibly issuing multi-coin ASE sets, and a Reverse Proof issue annually! As much as we all enjoy our sets, Is More better- or ultimately is it just More?
    I'd like to see the US Mint put a new face on the silver eagles altogether, as they've done with the Gold and Platinum issues, at least for the special issues. How about a "D" Denver Mint Silver Eagle, that would make things interesting.
    Regarding the latest (SF Mint 75th) Set, at $75 per coin, with a Reverse Proof, Don't think -- Just Buy It!
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  12. GINO TUMMINIA
    More than 100,000 sets!
    The 2012 American Silver Eagle San Francisco Two-Coin Proof Set includes one 2012-S Reverse Proof American Silver Eagle and one 2012-S Proof American Silver Eagle.
    Original estimate of 300k sets emerged, but has now been changed to remove any ceiling, to "Collector Demand" to determine the set mintage level. The two-coin proof set will go on sale for four weeks only, beginning on June 7, 2012 and lasting through July 5, 2012, production is scheduled to begin on May 11.
    Now everybody has a shot.

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  13. GINO TUMMINIA
    Here we go again, Gang!
    Last year, following the issue of the 25th Anniversary Sets, the Mint did state that some form of "Special Mint Set" silver eagles may be issued on an annual basis. My view is "How are they going to milk us out of our cash now?"
    The Mint has the set listed on its Calandar, and announced the set will be issued on June 7, 2012, and confirmed that the basic details have been decided with production scheduled to begin on May 11.
    The set commemorating the 75th Anniversary of the current San Francisco Mint will include a 2012-S Proof Silver Eagle and 2012-S Reverse Proof Silver Eagle. These coins will represent two new special versions of the Silver Eagle, potentially unique to the set. Quantity is estimated at 300,000 sets, with a one per household limit, priced about $125/set.
     
    The Mint has also indicated that they may also offer an Uncirculated version of the Silver Eagle with the "S" mint mark for 2012.
     
    I'd like to see them come out with a "D" mintmark Silver Eagle Set, that's never been done! Most of all, I'd like the Mint to diversify the image on the obverse, as they have done with the Platinum Eagles and Native American/Sacagewea dollars.
  14. GINO TUMMINIA
    The Mint reinstated sales on 10/5/11 cutting about $10 Off on each, the 2011-W Burnished MS & 2011-W Proof Eagles. A Miracle! (So Just read this Journal for background info only)
    The 9/29/2011 article in "SilverCoinsToday" indicates that the Mint has suspended their sale of silver products, due to the drop in the spot silver market, stating "This product is temporarily unavailable for product repricing", suggesting that the Mint is going to readjust their prices to reflect the lower silver price(yeah, Right!). Most likely, the Mint is stalling sales waiting/hoping that the silver prices return to the higher plane. We can only hope that silver prices remain low, especially with the release of the 25th Anniversary Silver Eagle Set anticipated at the end of October!
    The complete article can be seen at this link-> http://www.silvercoinstoday.com/us-mint-suspends-collector-silver-eagles-atb-coins-and-set-products/104846/.

  15. GINO TUMMINIA
    It ain't easy being an American "Star"!
    Millions of buffalo once roamed America's western plains. But by the late 1800s they had been hunted and slaughtered to the brink of extinction. A new nickel helped raise awareness of the plight of the buffalo, even if that wasn't the coin's designer-James Fraser's intention. For him, the buffalo symbolized the "winning of the West," and provided a "perfect unity of theme" with the Native American chief on the other side of the coin. Nostalgia may have also been a factor.
    About 1911, Fraser had developed a reputation as a numismatist, creating his best-known and certainly his most circulated work -- the Indian Head or "Buffalo" nickel. Almost as well known as Frasier and the nickel in its day, but largely overlooked now, was his model, Black Diamond who was born in 1893, a hybrid bull and cow given to the Central Park Zoo (in NYC) by Barnum and Bailey. His coat was unusually dark, and in his prime weighed more than 1,500 pounds, and was a most popular attraction at the zoo. Despite his size, he was quite docile, a virtue that made him the perfect model. But not everyone was impressed with his appearance. The director of the Zoo called the bison on the nickel "a sad failure," with its head drooped as if it had lost all hope in the world. Legend has it that Old "BD" refused to pose! He kept turning to watch Fraser draw instead of standing sideways. Fraser had to get a zookeeper to catch the animal's eye while Fraser snuck around for a side view.
    The first Buffalo nickels were first struck in 1913, and pictured Black Diamond standing on a mound above the words "Five Cents." When Mint officials decided the inscription wouldn't hold up in circulation, the design was changed to show the buffalo standing on level ground. Discontinued in 1938, the images from both sides of the nickel have since been reprised in 2001 on the 1-oz .999-pure Silver Buffalo MS and Proof US commemorative $1 coin, and since 2006 on the MS and Proof Buffalo $50 .9999 pure Gold 1-oz., and the 1/2, 1/4, & 1/10th-oz. fractional gold bullion coins.
    Sadly, sick and disabled at age 22, Black Diamond was put up for auction June 28, 1915. However, no bids were received. He was purchased for slaughter in a private sale for $300 by A. Silz, inc., a game and poultry dealer. He was slaughtered (ultimately yielding 750 pounds of usable meat). November 17 and "Black Diamond Steaks" were sold for $2 a pound. Fred Santer, a New York taxidermist, mounted Black Diamond's head, and turned his hide into a then-fashionable 13-foot automobile robe.

  16. GINO TUMMINIA
    NEW FOR 2012: Labels Up da Wahzoo!
     
    Early Releases OR First Releases
     
    Brown Label, OR
     
    American Liberty Series Label, OR
    ALS, Early Release or ALS, First Release
     
    SF Golden Gate Label, OR
    GG, Early Release or GG, First Release
     
    West Point Star Label, OR
    Star, Early Release or Star, First ReleaseI can understand the West Point Star, and Frisco's- Golden Gate Label, as well as the Collector's preference to collect their ASE Set in Liberty Label or the "Plain Brown Wrapper". The confusion enters with the obvious in redundency- the "Early Release" & "First Release", aren't they both the same thing? Until 2006 NGC and PCGS both had the "1st Strikes" Label, which is the first year of NGC's "Early Release" Label and Last for 1st Strikes. PCGS continues to use 1st Strikes on their slabs. Question: Is the First Release Label another invention devised by the MCM/CoinVault consortium, or is this another transition period for NGC to usher in a new designation, and phase out the Early Release? Remember, the label series or designation that you collect is strictly your preference. Though you'll sometimes pay more for one label over another, there is no premium on Registry Points- they're all the same in the Registry's point of view. The same holds true on Regular Bullion issues, the West Point Star or "(W)Struck at West Point" labels are ranked the same as the plain Brown wrapper, or Liberty, or XYZ Label-They're all the same coin! (What a Mess!)
  17. GINO TUMMINIA
    . . . I remember going through my "daily take", after a day with my shoe-shine box
    Over the last year, I've been flipping through some of the sets and Journals here at NGC, I've seen so many beautiful, valueable, and quite extensive collections, some of US coins I didn't know even existed. One has to wonder with some of these sets "When would this person have time to do anything else?" It is also obvious that some of those collectors are very well off. At least the've invested in a worthwhile hobby. Me, like most of you, I'm just a schlepper just getting by. My collections are quite common, tokens of better times in my life, and a re-kindling of those days back in the 60's as a kid and my "daily take" with my shoe-shine box, trying to fill those holes in my Whitman folders(some that I still have Today), and wondering if I'll ever fill them all in.
    My teenage daughter, my sons now in their mid-20's, and my Wife watch me with all my junk spread out on the dining room table or on my belly in my bedroom tinkering with the Dansco's or an "air-tite", sometimes with a loupe stuck in my face, and they snicker like I'm a jerk! This is the stuff that I hang on to for my enjoyment and a little nostalgia, I'm always hoping it'll spark a little interest in them to take up the hobby seriously. At least my Daughter who's 18, likes the Beatles and other 60's-70's music, and likes to help me out with the dates that I have a hard time reading. Maybe I'll leave it all to her when I croak, my boys will probobly just use the silver eagles to buy cigarettes or a six-pack, or gas (maybe not gas, my poor Wife'll get stuck with that tab)! Any similar stories out there?
    I wanted this post to go to the Chat Board for a little dialog with the group, but the system is posting to this page only. If I figure out what went wrong, I'll re-post it.
    *Below, Just a couple of pics of kitty-Diego falling asleep waiting for lunch(thought it was cute).

  18. GINO TUMMINIA
    Time to get ready for next year.
    A few years ago, I decided to put together a theme set that appealed to me (not having anything to do with the Registry), discovering that I had inadvertently already acquired most of the coins through the years. I set the coins and some associated pictures and materials in a display, and set it up at my daughter's school for a presentation. I thought that the coins along with my descriptions and related articles would spark some interest in the topic. Turns out, it got plenty of attention from the parents and teachers, and to my surprise it also got write-ups from a couple of the local papers.
    A couple of years ago, much of this stuff on NGC was new to me, Registry Points, Journals? -you know. Then one day I noticed a couple of Thematic sets similar to mine, except that they looked kinda' limp!. I decided to try my luck, and put up my coins, the pics, and (what I thought were) informative descriptions for each coin into a Custom Set (it's still in my sets). Come the end of the year, it was Awards time and I'm hoping for the best, with my fingers, toes, and eyes crossed, and then . . . NUTTIN'!
    - - ARE THEY KIDDING, NOTHING? @%&@!! My set should have gotten something, at least "honorable mention"! Was I P-O'd. Took the set down from the Boards, punched a hole in a door, and kicked the neighbor's lawn gnome! I acted like a spoiled kid.
    After a while I let reason back into the equation, and realized that maybe I was over-reacting to something so insignificant in my life. In truth my display really was cool, but I couldn't put that up on Registry, only coin pics and registration numbers, and a few words. Well someone was able to write better than me (better than I?), and beat me out on the "Honorable Mentions".
    I've read some of the cuts and stabs being thrown over this years awards results, "Knock it off!" We're all friends here! Figure out where things went wrong in your sets, and prep them for next year.
    Any way gotta' go, it's an hours drive to the FUN Show, I want to get there in time for the buffet, and then to Universal. If you want a look at my theme set, I put some of the coins back up- here's the link- .(http://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=7466)
    Oh yeah, I just found out that I got one of the 3 Journal Awards, Cool, thanks NGC!
  19. GINO TUMMINIA
    Dealers are getting an early start on things.
    Just down the street from NGC, Modern Coin Mart, a reputable dealer has a good deal for those who want to get a jump on the 2012 Silver Eagles. A Pre-Sale on a MS-70 for $99, and MS-69s @ $49/59. Your choice of Brown, Blue, or Liberty Labels, with or without Early Releases designation(Me, I want it all!).
    Just follow the link-- http://www.moderncoinmart.com/cart1/home.php?xid=9e419076ee68f2802bf3e91d727317cc
    ALSO
    The 2012(S)Eagles are also back at www.thecoinvault.com for the MS70ER @$99.
    For those who want to save a little dough, you can chance waiting a few months for prices to go down a couple of bucks. Who can tell. For me, I'll just buy one now and not worry about it.
    -GINO
    (Broke-Daddy)

  20. GINO TUMMINIA
    EBay Dealers with multiple listings of 5, 10, 20, and more sets on hand . .
    For those of us who followed the rules and stayed within the lines, and picked up our 5 sets or less, and then actually got them -- COOL! We got what we wanted for our collections, and one for that special gift, and didn/t make pigs of ourselves. But that's far from what happened to the rest of the many hopeful collectors that tried to buy a set from the US Mint on October 27.
    Having viewed and reviewed a ton of Journal Posts and Ads for sale of the 25th Anniversary Sets on EBay, CoinVault, Silvertowne, etc, and so on, we see capitalism flourishing. It is appears that the 100,000 total Mint Sets seems to have been purchased by probably less than 35,000 people and groups. This left tens of thousands of individual collectors in the lurch, "Beat" out of a 25th Anniv. Set on that fateful day in October, now relegated to the secondary markets to get a Set, now costing nearly triple the price. And what of those still hopefuls(like my Son) who are even Today, getting that empty "Backordered" promise emailed from the Mint for a One-Set order?
    What can anybody say about this injustice, but "What a Rotten Shame!"
    On our Journals and Posts alone, there are several members who have happily listed the grades for their few sets- and it's Good to see the occasional dream come true. But we also encountered a couple who quoted that they're also waiting on 5 or 10 additional sets to come back from NGC(now that's more than 5, Ain't it?). With so many having been screwed, rather than rubbing it in, maybe that kind of info should be kept under wraps. Next we have the vultures on EBay, with multiple listings showing 5, 10, 20 sets each and more on hand, and finally the Dealers who are still buying up sets from anyone who wants to sell to them cheap, and then hawking the same sets on TV and online, still at $1398 for '69's and $2798-for the All-70 Sets (is anyone really buying those?).
    EBay is still flooded with Anniversary sets. We've seen the All-70 sets go down in price dramatically, some selling for less than $1000 this week, and the 69's at under $800. Quite the contrast to that first week when those poor saps paid as much as $3800! And how did those guys get Certified Sets in their hands to sell during that 1st week anyway? EBay forbade anyone to pre-sell. I got my order in online by around 1pm on the 27th, and didn't get my set for 3 weeks, heck some have only just received their sets this week.
    Those Big Business-Guys, who ran up their credit cards on the big quantities, thinking they were going to make a killing in this market, and still holding out on the $2000 or more price tag, I say "Better put 'em away for a couple of years!, or just sell for what you can get now", and pay-off the cards. You still come out ahead by a few hundred bucks per set.
    After grading and shipping costs, we all ended up paying over $400 for a $299.95 set. Selling on EBay added another $150-$180 in EBay, PayPal, and shipping fees, totaling about $580 per set (regardless of grade). If that was an all 70-Set, hopefully you Sold at around $1200, netting you about $600-$650. It's almost at the point where one might consider breaking-up a set, and make more by selling the individual coins. Still, I suppose in the grand scheme of things, a few hundred bucks per set isn't such a bad payday. If you can hang on to the sets for a couple of years, your margin will most-likely be much more.
    The gluttons are now flooding the market with so many sets, that prices are dropping like a rock, each week at a new low! Had the US Mint been able to uphold the buying limits, and allow many of those individuals who missed out, to get a set, it's a good bet that prices would be much higher today, at least double what they are now. Now we'll have to wait for all those inventories to be liquidated. Once prices have bottemed out, the real buying will start, and prices will start to rise- Slowly.
     
    _____________________________________________________
    By the way, this was the Finishing Lineup on my sets:
    Coins for NGC Invoice number 2566806-
    001 2011 EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    002 2011 EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    003 2011 EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    004 2011W EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    005 2011W EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    006 2011W EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    007 2011W EAGLE 25TH ANNIVERSARY SET S$1 PF 70 ULTRA CAMEO
    008 2011W EAGLE 25TH ANNIVERSARY SET S$1 PF 70 ULTRA CAMEO
    009 2011W EAGLE 25TH ANNIVERSARY SET S$1 PF 70 ULTRA CAMEO
    010 2011S EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    011 2011S EAGLE 25TH ANNIVERSARY SET S$1 MS 69
    012 2011S EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    013 2011P EAGLE REVERSE PF 25TH ANNIVERSARY SET S$1 PF 70
    014 2011P EAGLE REVERSE PF 25TH ANNIVERSARY SET S$1 PF 70
    015 2011P EAGLE REVERSE PF 25TH ANNIVERSARY SET S$1 PF 70
    To see old comments for this Journal entry, click here. New comments can be added below.
  21. GINO TUMMINIA
    A Perfect Return(Blown by One)
    That day in October was such a pain, but I managed to get the order in by a little after 1pm. Why I had to wait a month to get my order home is beyond me. But the wait didnt cause too much damage- Its that bit of stress that keeps our blood pumping. This was the result that I found today(11/29)when I checked on my order. I was So so close!
    Coins for NGC invoice number 2566806
    Line Item Year Mint Mark Variety/Pedigree Denom. Grade Comments
    001 2011 EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    002 2011 EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    003 2011 EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    004 2011 W EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    005 2011 W EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    006 2011 W EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    007 2011 W EAGLE 25TH ANNIVERSARY SET S$1 PF 70 ULTRA CAMEO
    008 2011 W EAGLE 25TH ANNIVERSARY SET S$1 PF 70 ULTRA CAMEO
    009 2011 W EAGLE 25TH ANNIVERSARY SET S$1 PF 70 ULTRA CAMEO
    010 2011 S EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    011 2011 S EAGLE 25TH ANNIVERSARY SET S$1 MS 69
    012 2011 S EAGLE 25TH ANNIVERSARY SET S$1 MS 70
    013 2011 P EAGLE REVERSE PF 25TH ANNIVERSARY SET S$1 PF 70
    014 2011 P EAGLE REVERSE PF 25TH ANNIVERSARY SET S$1 PF 70
    015 2011 P EAGLE REVERSE PF 25TH ANNIVERSARY SET S$1 PF 70
    In addition, My son had two orders(for 1 set each) that were cancelled by the Mint, but was notified Yesterday that One has been resurrected- on Backorder til the Dec. 22th of course.
    My thanks to NGC for their services(and not grading any of my coins 68s, and to the US Mint for upgrading their equipment, techniques, and facilities giving them the capability to produce this degree of perfection in their coining processes. Also, My best wishes to all of you guys on the Boards.
    Broke-Daddy
    For anyone interested in the Mixed Set:
    http://www.ebay.com/itm/150709813888?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649

  22. GINO TUMMINIA
    A "Holy Grail" for the American Silver Eagle enthusiast.
    The 2011 is the "Silver Anniversary", the 2011 5-pc 25th Anniversary Set of Silver Eagles were issued to commemorate this. The 20th Anniversary set was notable, and now with the addition of the "Silver" Anniversary set, along with the shrinking number of available Complete Sets, circumstances are quickly making this set a "Holy Grail" to ASE collectors and Investors. Though some are predicting so, I doubt that a 30th Anniversary commemorative set will be issued, but if there is, I'm sure that it won't outshine the 25th, or the 20th.
    Since their issue date on October 27th, there's been a measure of 'hype' attached to the initial market prices being asked and Paid. Subsequently, flooding of the markets with 100's of sets had caused prices to retract considerably, but they will rebound, as the sets are absorbed into the hands of collectors. As surpluses decline, prices will most ultimately rebound and stay high! Similarly, the 2006-20th Anniversary Sets, with a mintage of 250,000 sets, after prices initially skyrocketed, prices have retracted only slightly, even after 5 years. However, interest in the 20th Anniversary Set has recently re-surfaced, causing Those prices to rise.
    With the 2011 set mintage is only 100,000 or 40% of the 2006 set, It's expected that the ultimate value of its' 2 exclusive coins have a shot at going the way of the 1995-W Proof Silver Eagle in their comparative respective states (raw or graded). The fact that many owners will, or already have opened their sets, only further enhances the value of the certified 25th Anniversary coins; and remaining sets still in the cartons "Sealed by the Mint". I have no doubt that the price the Mint sealed box set can end up North of 3-G's, even 5 years from now. Surveys taken by the Grading Services and EBay estimate that less than 45,000 complete sets will survive. Of the remaining 55,000 sets, the 2011 Bullion, 2011-W Burnished, and 2011-W Proof component coins will have been relegated to the realm of the common issues. Though they remain part of a collector's inventory, they'll be unable to ever be properly certified as 25th Anniversary Set Silver Eagles- The explanation follows.
    For Certification and Investment purposes, collectors are urged to Not Open the carton arriving from the Mint containing their sets, and to have the entire set graded Only by the 3 major grading concerns - NGC; PCGS; or ANACS, and to stay away from the rest. You should store the sealed US Mint carton inside a dry, clean storage box or container to preserve the integrity of the US Mint Seal. Opening the Mint carton to "take a peek" at your coins, or to use of the minor grading companies will only devalue your set, lose any chance of obtaining proper "Set" status for the 3 included coins that were previously issued individually in 2011. These 3 are the
    1. 2011 Bullion (No Mint Mark) Silver Eagle;
    2. 2011-W Burnished Mint; and
    3. 2011-W Proof Silver Eagle. The
    4th coin, the 2011-P Reverse Proof, and the
    5. 2011-S Burnished Mint State Silver Eagle.
    The last 2 coins are distinctive and exclusive to this set only, and may be certified at the Collectors' discretion. Though many Bullion coins have been minted in San Francisco over the years, 2011-S Burnished eagle coin is the first-ever Mint State silver eagle containing the "S" mint mark, and the most valuable.

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  23. GINO TUMMINIA
    Just like the 2006 20th Anniv Sets, "Gone in the blink of an eye!"
    I've recommended to readers at times in my posts about the 1st Day of Issue problem with New Coins & Sets. The Mint always gets bogged down and their system just plain "Crashes" at the opening of a "Hot Item". It's happened time, and time again. But with perseverance- You won?t get ?Shut-Out? of a Sale completely.
    Today(Thursday), those of us who were able to buy anything within the 1st 45 minutes, were just plain Lucky. An hour to an Hour/20 into it usually gets you something. Most times, if you tried to refresh the page- YOU LOST it all, and most times even got yourself Logged Out! You've gotta' hang in there and wait the page out. Through experience and past losses I?ve learned that- Once you?re Logged-On to your account, the best way for me has been to open more than one window/tab to Your Order, Shopping Cart, or Checkout page, one of them Will get you through!
    My Dear Fellow Collectors, (UH-OH- HERE IT COMES) Each and Every time a limited production coin or set comes out, those Stinkers at the Mint impose a bunch special rules and Order Limits on us, and then they screw everything up with insufficient online access, or not enough phone lines or manpower to handle the sheer numbers of hungry customers/collectors. It was just as bad at the Opening of the 20th Anniversary Silver/Gold Sets in 2006.
    Now after enduring all the aforementioned indignities, here?s where you get your Other eye poked-out, when Next week- the Coin-Vault show and other TV hawkers start selling our Silver Anniversary Sets, with Plenty on hand mind you, for around 750 to 1000 Bucks-a-Pop! Now, How did that happen, and Which Gov't employee was tasked with the oversight of the 10 to 20,000 sets probably allocated to these Private Pre-Sale Purchase Agreement Sessions? 100,000 Sets- More like 50-60K for us! Then, "I could be wrong!"
    Earlier, one of the member Journals reported that the Sets were Sold Out, he was "Right on the money"! The Mint seemed to still be accepting orders at the time that I posted this little rant of mine(around 5:30pm), however it has reported that later orders are going to filled on an "as available" basis. SOLD OUT in 4? Hours?-it was expected! The link below will take you the article.
    The US Mint Sales Dept. probably has some of the best sales software available, certainly able to track quantities sold of any item. And with all of that, it is Still guaranteed that sometime during the next couple to 3 weeks, some of us with Confirmed Orders will get one of those ?SORRY, BUT . .? E-mails from them because Our Sets somehow managed to get Over-Sold! Ain?t that a kick in knee-caps! Maybe they'll take a few thousand back from the TV dealers! Ohh, Those silly Mint-Guys!
    Good Luck, and Stay Thirsty My Friends!
    Gino
    SilverCoinsToday.com
    http://www.silvercoinstoday.com/25th-anniversary-american-silver-eagle-set-sold-out/105122/
  24. GINO TUMMINIA
    Thursday, October 27th 12-Noon. Get your money ready . . They're gonna disappear FAST!
    No Official pricing has been posted. For myself, I'd use an average of the current silver eagle prices-Plus 30%. That puts us in the $320-350 ballpark. If they come out for less, Good Deal!
    Anyway, Not taking any credit for the news, these links will take you to the full story->
    SilverCoinsToday:
    http://www.silvercoinstoday.com/release-date-published-for-2011-anniversary-silver-eagle-set/105013/
    US Mint Product Schedule:
    http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProdschedView?storeId=10001&catalogId=10001
    This is a Pic of the actual Set->

  25. GINO TUMMINIA
    Get your Cash and Credit Cards Ready, the Pickens' are gonna cost ya! . .
    2011 is going to be a Very Satisfying year for the silver eagle enthusiasts, with a complete diversity of Mintmarks and Planchet styles, both already issued by the Mint, and still in the works, and with 9 different coins- 2011 is also going to be the "Most Expensive", and 'murder' on someone doing catch-up later on!
    The 2011 Line-up so far:
    1. 2011 Bullion Silver Eagle(No Mintmark)
    2. 2011-W Proof Silver Eagle
    3. 2011-W Burnished MS Silver Eagle
    4. 2011 (S)Struck at San Francisco" Label Bullion Coin,
    and Of Course-the 5-Coin 25th Anniversary Silver Set as follows-
    5. 2011-W American Silver Eagle Proof,
    6. 2011-W American Silver Eagle Burnished Uncirculated,
    7. 2011-S American Silver Eagle Bullion Coin with "S" Mint-mark
    8. 2011-(W or P) American Silver Eagle Bullion Coin(No Mintmark), and finally the -
    9. 2011-P American Silver Eagle "REVERSE PROOF".
    The only coin missing that would round this list to an Even "10", is a "D" Mintmark or an ?Error? silver eagle. But then again- they haven?t All been issued yet!
    All told, with silver prices jumping around from $31-$48/oz, the 9 coins averaged 60-Bucks per coin-Raw. The 2011 25th Anniv. Set Price is to be at $299.95. The Total Cost of ALL 9 coins(including the 5-25th Anniv) will be about $600 RAW.
    Compare this to 2006, where the a Bullion Silver Eagle sold for around $12, the Proof and Burnished Silver Eagles sold for $27.95 and $19.95 respectively, and the 3-Pc 20th Anniversary Silver Set sold for Flat $100 - for a Grand Total of just over $150!
    As a Collector of Silver Eagles with modest means, I'm anxious to have a complete set of Mint-State and Proof Silver Eagles without causing financial stress on the household. I don't want to be enticed or scammed with 'hype' into buying "Stuff" just because it?s certified with an NGC label.
    Sometime during 2009, a substitute silver eagle was contrived to take the place of the Proof Silver Eagle that the Mint decide to not issue, by "Over-striking" a bullion silver eagle(below) gave it a more brilliant, Proof-Like appearance. I almost bought one until I read that Not only would NGC (and the others) not give these coins a slot in their Competitive Sets, They refused to certify these privately stamped coins entirely. At best, this collectors "odity" will have value to some, but not myself. Additionally, I'm surprised that the Government didn't go after the "Private Mint" for modifying or defacing US minted coins! Similarly last month, a famous TV coin dealer presented their NGC Certified 'Proprietary' labeled "2011(W)Struck at West Point Mint" bullion silver eagle(below), leading you to believe it was minted under similar circumstances to the "2011(S)Struck at San Francisco Mint" coin issued earlier this year. Later that week, these coins were also on sale by reputable dealers web-sites, and on eBay, the MS70's have since sold out at around $160 each. I asked NGC Customer Service about these coins, whether they would be allocating a Slot for these eagles in the NGC Competitive Sets Registry, NGC responded that they would not. Again, "Hype". I suppose there are those who want to collect the SAME coin with different labels, Nice if you have money to toss around!
    Just as in 2006, this 2011 "Silver Anniversary Set" is being issued near the End of the Year, these 100,000 sets will no-doubt Sell-Out in 2-3 days).
    So stay on top of the news(I have a couple of Links below). Once they're made available on October 27th at 12 Noon, the US Mint Website WILL probobly crash within 15 minutes, as it has with prior Hot Issues. So set several phones on Speed-dial to the Mint, have your Cash and Credit Cards ready, and Grab ?em before you?re priced out of the running!
    Good Luck to All, ?Broke-Daddy?
    Links to look at:
    SilverCoinsToday.COM
    http://www.silvercoinstoday.com/
    US Mint Release Schedule(copy entire link):
    http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=16626&langId=-1
    ********