Went to coin show yesterday
 

About 20 dealers.
0ne dealer had 1oz bars n rounds $14.25 ea. sold most while i was there...
Silver Eagles, singles $19.50-$22.00.... rolls $360-$400. not a lot available...
Lots of numismatic coins n paper money... Some gold not very much, high priced...Lot of people there n plenty of interest.

Re: Went to coin show yesterday
 

$14.25 for 1-oz silver bars and rounds is an excellent deal IMO given the fact that silver premiums for .999 generic on average are in the $3-$4 over spot silver price (in my local area only).

Re: Went to coin show yesterday
 

small coin show yesterday (3/28/09) (20 tables?)

- a few eagles $18-$20 (non-current years), not many available.
- rounds - very few - $14.50- $20
- a few 10oz/5 oz, $155

very little gold, think I saw maybe 10 1 ozers , some numis and old gold.

Re: Went to coin show yesterday
 

$14.25 is pretty dam good!

expensive eagles tho....

Re: Went to coin show yesterday
 

Interesting that there is little or no gold at the coin shows now. Maybe the small dealers are wise and holding onto their gold during these intense times.

Re: Went to coin show yesterday
 

Are you talking about the fort dodge coin show?

Re: Went to coin show yesterday
 

Saw a complete set of SAEs (NGC 69) for sale. I'm not a numis person so I don't usually pay premium for numis but this is a complete set and it is very tempting. They are asking $675 (comes in box). I'm thinking about bidding on it. I know he thinks the 1996 is worth $60 and I think he said he placed a higher value on the 1997 (which I don't really get based on mintage but whatever). I calculated it comes out to about $25 a coin excluding the display box and the two coins at extra premium. That is a bit high since various year SAEs are selling for $17-$19. What do you guys think? Take a chance on the price of silver going up and recouping the premium? I know another dealer is scheduled to come into this dealers shop and I expect he will buy it and whatever price dealers charge each other. Need feedback quick and thanks for your oipns.

Re: Went to coin show yesterday
 

I am speaking from a collector's viewpoint wen I say this: If you want to get the complete set then I think you should get it. The price per SAE at $25 is very high even by SAE standards but if that is what you really want and can get complete set without having to hunt around for a single slabbed SAE then that is a good thing IMO. The 1996 SAE selling for for less than $60 on ebay but that is for a raw 1996 SAE and $60 for a slabbed '96 SAE sounds about right. The 1997 is NOT a key date based on mintage or anything else. The 1996 is the only key date with any numis value IMO.

As for taking a chance for silver to go up to $25/oz, you might be waiting a while if that is the main reason for getting the slabbed MS-69 SAE set. If silver did not go up to $25 and instead went to $20 you could always sell it on ebay to get the premium back and then some but you might not make as much as you think after ebay and paypal fees. Ebay is the only place where you can sell it at a higher premium if silver hits $20/oz IMO. It is hard to predict if/when silver will hit $25/oz. It has a long way to go from current Kitco spot of $12.35/oz. Silver would have to rise 102.4% from current silver spot to get to $25/oz. Ask yourself this: Will silver get to $25/oz? If you think that it will, how long will that take for silver to rise to $25/oz. Given the massive paper money printing that is going on and the massive deficits that the U.S. is running, there is a good possibility IMO that silver will go to $25/oz (or higher).

Are you planning to buy this for collection purposes or for investment purposes? If buying for collecting only, then you should buy it because you like it and want to collect a complete slabbed SAE set. If you are buying for investment purposes, then I would NOT buy the MS-69 slabbed set and instead buy regular .999 generic silver or raw SAE's at a decent premium.

Re: Went to coin show yesterday
 

Awesome response thank you!!!! These are the kind of responses that make GIM great!! I was buying for investment and a little for collection because I already have almost put together a complete raw set but when I saw the complete set slabbed I thought that might be more appealing if I did sell it. I also think 96 is the only premium yr. And I am reluctant only because I think $25 a coin right now is a bit high. Trying not to make an impulse buy.

Re: Went to coin show yesterday
 

How much of a higher value did he put on the MS-69 slabbed 1997 SAE? The reason I was asking because a 1997 SAE (raw coin) will usually sell at the same price as the other common year SAE's (except 1996) at least that has been my experience when going to my local coin dealer. Just curious.

Re: Went to coin show yesterday
 

well he told me he priced the commons @ $23 but when I figured out what he told me and that put the 97 at $40 if the commons were $25. So what he told me did not line up with the numbers so I'm guessing at all the values except the 96 which he said was $60. I could not figure out what other year would have the higher premium other than the 96.

Re: Went to coin show yesterday
 

AgAuGal,

They used to sell thousands of these complete sets on Home Shopping Network, QVC, etc etc, I don't know if they still do or not.

NGC-69 grade really doesn't command much of a premium over the cost of grading and slabbing. Except for the few key date(s), NGC-69 is not "rare" at all.

You might check FleeBay and see if you find a set there for comparison.

Re: Went to coin show yesterday
 

That is too much for a 1997 SAE IMO. The 1997 should sell for $25 just like the other common year date SAE's. Did he say why he placed a greater value on the 1997 slabbed MS-69 SAE?

Re: Went to coin show yesterday
 

he was distracted so maybe I just heard the wrong yr (97). I don't think any other year has commanded a premium.

Re: Went to coin show yesterday
 

thanks. I think I'm fighting my impulse to buy a complete set but the premium seems high as Josey pointed out compared to the current spot. I found a couple of sites including fleabay that had sets w/ 2 fewer coins going for over $1440 - I really don't understand that (and they were also NGC). I did see other auctions for the same set to 2007 at $650 and $750 which seemed a bit more acceptable but still high over raw SAE's.

BTW, everyone, finding silver rounds is getting hard again. local dealers have orders for rounds but unable to fill them. just current observation. also no Au bullion.

Re: Went to coin show yesterday
 

Ok. I edited my last post to say $25 and not $23. Sorry for the confusion. One more question: Do you want to always keep a set of SAEs just to have? The reason that I am asking is because you can buy the slabbed SAE set right now and if/when silver goes to $20-25/oz then you can just keep the slabbed SAE set and sell the raw SAE set and that way you want miss having a complete SAE set and at the same time make a profit on the raw SAEs when you sell them on Ebay or somewhere else. If you bought and had the raw SAE's when spot silver was say $10/oz or less then if/when silver hits the $20-25 range or higher then you could sell the raw SAE set together or as individual raw SAE auctions on Ebay. The main idea is to still have an SAE set that you do not want to sell while at the same time you can sell your raw SAE's for a profit if/when spot silver hots $20-25/oz or more. Just an idea.

Re: Went to coin show yesterday
 

yes, that is what I was thinking, I always want a set I can pass onto the next generation or donate to a museum at some point for posterity and education. Then I will have one I can sell when I get a couple of more years.

It is also apparent the printing money is the awful solution the TPTB have decided on and that can't end well. So FRNs don't appear to be a good store of 'value' (just got .39 on my FRNs in my bank for the last month). So I think buying things makes more sense right now until of course they change the rules on us again.

Re: Went to coin show yesterday
 

no confusion - he told me $23 per common SAE but when I took all his comments/numbers I came up with a cost of $25 per common SAE.

Re: Went to coin show yesterday
 

How much time do you have to decide if you are going to buy the slabbed set? Because if you have some time before you decide on the slabbed SAE's, there might be other GIMmers that might have better ideas or other issues that I did not bring up. If you have time, you can monitor this thread to see if anybody else has some different ideas and opinions on this. I hope it goes well with you if you decide to buy the complete slabbed SAE set. :s1:

Re: Went to coin show yesterday
 

about 1 more hour before another dealer shows up. the dialog we have had so far has helped. I was getting caught up in the excitement of a full set and I need to not make emotional decisions. I need to take the time to get feedback from you guys and if it is gone by Monday, so be it. I just hate paying a high premium but I'm always second guessing myself. Morgan said this week he thinks the Mint will stop making this set eventually (2011/ 2012??) so I was thinking as we said ut would be nice to have a second set and it is hard to find 1996 at a reasonable price individually. It is a tough call knowing it could take some time to recoup the premium and hope the price of Ag doesn't take a dive back to $5. I'm still leaning to getting the set an selling the raw SAEs I have to bring down the cost. I just hate slabs. I like the seeing a set in the Littleton books.

Re: Went to coin show yesterday
 

There is nothing wrong with getting excited about buying silver that you like. I like collecting 1970's 1-oz silver bars and I also get excited when I go to a local coin show and find and buy these 1970's 1-oz silver bars. The 1970's silver bars are my "true love" when it comes to collecting. With that being said, I do not want to pay "collector prices" (aka buying from ebay) for these 1970's bars. I will also admit that sometimes I see a silver art bar or round that I truly like and I have sometimes paid 3X spot silver for that particular art round because I know ahead of time that I will not find it elsewhere. Most of the time I can buy 1970's silver bars at .999 generic silver prices when I buy locally from my coin dealer or at a local coin show. For me, occasionaly buying a silver art bar/round for 3X spot silver price will not hurt my average silver cost/oz too much because the vast majority of my past silver purchases have been from $2 over spot to $4 over spot. I hope that it goes well with you if you decide to buy the slabbed NGC SAE set.