I bought the slab instead of the coin....AGAIN!! posted by NAS Fallon Firefighter

[CSJournals-migration]

Actually...I bought the label instead of the coin.

 

Hi everyone,

 

I went with buying a label when I was ready to pick up a 2011 SAE a few days ago. I had quite a few different labels to choose from and that was the motivating factor...after the grade.

 

The first 2 labels are the common BROWN and the ER BLUE. I guess these are the only 2 available for "casual" submitters, like myself, to NGC. Since I have these types of labels in my collection, it was a no brainer to skip on those. The other 2 are the RED label and I guess what is called the SILVER/LIBERTY label. Not to sure on the names and please correct me if someone knows the offical names for them. I believe those labels are only for the "big fish" submitters. Anyways I went with a RED label SAE for $103 which was about $10 more then what the BROWN labels are going for on Ebay.

 

I read the news release from NGC that the SAEs struck at the San Francisco Mint will be labeled as coming from that Mint...but only if submitted in those huge Mint "monster boxes" I haven't read anything about them getting their own slot or not in the registry...yet!

 

Enjoy your coins and best of luck with the grades!

Jeffrey

 

See more journals by NAS Fallon Firefighter

[Six Mile Rick]

Jeffrey,

Sweet deal, I paid $129 for mine when they hit the street. Sometimes it pays to wait a few months. I wouldn't be surprised to see less than $100 value next year but the designation---(slab) will hold your value better in my opinion.

 

 

Enjoy Those Eagles----Rick

[coinsbygary]

Just wait till the 2011-S no S labels come out for those coins the San Franciso Mint will strike to help with demand. The only way you can tell that the coins are from San Francisco is to buy them by the box marked San Francisco Mint and send the box unopened to NGC. This will be a huge money maker for those with the means to buy them by the box and mass submit them to NGC for grading. Get ready to shell out some bucks to fill that hole in your collection. The following link will tell you all you need to know.

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=20825&et_mid=507575&rid=2214403

Gary

[Jeffrey Cardona]

Thanks Rick....and Gary I do believe you are correct that the prices will be high for the "S" mint mark SAEs in the beginning. But hopefully the price will drop when the count gets into the millions minted from San Francisco.

 

Jeffrey

[coinsbygary]

All, maybe the price of MS-69 S mint SAE's won't be that high after all. APMEX is offering them for $57.49.

Gary

http://www.apmex.com/Product/62911/2011_Silver_Eagle_PCGS_MS_69_First_Strike___San_Francisco.aspx