Comments on: 2012-S American Silver Eagle Two-Coin Proof Set Ordering Begins

By: Victor DeCurtis

Victor DeCurtis — Thu, 27 Dec 2012 18:05:20 +0000

In reply to Schim.

The “shiny” ones are called “Proof Strike” coins and they are made only for collectors. A premium is added onto the coins, above the actual value of the silver, in the coins. The “gray” dull Eagles, that the dealer took from a white plastic tube are considered bullion coins and are produced by the mint for investors and speculators. They are priced near to the current price of silver, plus a few dollars for the profit margin. The U.S. Mint, also mints the dull gray coins, for collectors, with a mint mark, usually a “W”. These also have a premium added to them, over and above the cost of the silver. Happy collecting, but always keep this in mind. Collectors, collect for the joy of having complete sets of what ever they have chosen to collect. Speculators buy as many of one or multiple different coins, hoping the price will go up, so that they can make a profit on what they sell. Collect or speculate, both have their inherent risks. Collecting will never disappoint you!

By: Schim

Schim — Sun, 23 Dec 2012 02:04:34 +0000

I am pretty new to collecting and I have bought quite a bit of eagles 2012. Why do some look super shiny and some look like they haven’t been polished at all? They are almost grey looking and I saw the coin dealer open up a new tube right in front of me. Are they some kind of weird proof or are they normal. Somebody please respond so I don’t loose my shirt. Thank you

By: Victor

Victor — Tue, 07 Aug 2012 16:56:31 +0000

I just ordered 6 sets of the 2012 MAKING AMERICAN HISTORY COIN and Currency. As I said, previously, the S mint proof ASE is in both sets. Bravo, mint!
Order Date:08/07/2012 at 12:03 AM
These I will keep, unopened, because of the Proof 2012-S ASE is the same as the Proof 2012-S ASE in the 75th anniversary set. I also ordered 6 sets of those. I remarked in an earlier post how not opening them would retain “SET STATUS” in case another issue of the same coin was minted in 2012. Well, I can foresee the future. I did order another Coin and Currency, but just one, to open and enjoy. So, now I have, 5 25th anniversary 5 coin sets, unopened and the two sets coming in.That’s a lot of unopened boxes. I sure hope, no one at the mint, substitutes a brick, in the boxes.

By: Victor

Victor — Fri, 03 Aug 2012 19:27:05 +0000

In June, I wrote: “Don’t forget, don’t open the shipping container, if you expect to get them certified with a unique distinction. Chances are, the mint will somehow release them again, separately or as part of a year set of all silver eagles. Be prepared for all scenarios. Remember the 2006, anniversary set. Most of us opened them to see how nice they were and only one coin could then get the special designation. If you want them certified, and want ER designation, great send them in immediately after receiving them. If ER doesn’t concern you, wait till the year is out so you can be sure the Mint doesn’t put the kibosh on your plans. If no more “S” mint coins are released in another way, then you’re safe.
By the way, I ordered 6 sets. Not to sell, but for the children!”
Today, I received my 6 sets and yesterday, I happened to read on here that the mint will be releasing a coin and chronicle set, later this year which will have a 2012-S Proof ASE. So, My shipment of 75th Anniversary 2 coin sets will remain unopened. No way am I going to do what I did in 2006 with the three coin 20th anniversary set. Damn, there are too many reduntant issues, with the same coins.
Remember, forewarned is forearmed. Happy collecting.

By: ron

ron — Fri, 06 Jul 2012 23:14:22 +0000

With a mintage of a little over 250,000 the regular issue proof with the S mint mark on reverse might be a big sleeper.

By: steve

steve — Sun, 01 Jul 2012 03:52:33 +0000

This is the US Mint throwing us a bone for screwing the public on last years anniversary set (the one with the P reverse proof).
They are trying to screw us again with this set by setting the premium ridiculously high.

I hope this high premium precludes many from buying the set, keeping sales low, and forcing them to melt those unsold. If they break 200K, I will be surprised.

By: jim

jim — Tue, 12 Jun 2012 12:50:40 +0000

RonnieBGood – right on! The special designation is a construct by the PCGS to create a demand so they can make more money. First Day Of Issue has relevance for stamps and in fact the issuing post office will use a special FDOI cancellation stamp. Since the mint doesn’t do something like that, when a coin is minted has no relevance to its value as a collectable. Collectors have been bamboozled into thinking stamp rarity and coin rarity are similar.

By: Ed

Ed — Mon, 11 Jun 2012 19:47:52 +0000

With my 2006 silver/gold set I got two MS68 !! I learned my lesson , never again.

By: Joe

Joe — Mon, 11 Jun 2012 18:17:33 +0000

Called NGC no (FIRST DAY OF ISSUE) label.

By: RonnieBGood

RonnieBGood — Mon, 11 Jun 2012 18:12:02 +0000

Early Releases & Special Designations, these are modern schemes by the grading companies and dealers to squeeze money out of inexperienced collectors. The grading companies even charge more for the “Special Label”. What is the great deal of the coin being sold within the 1st month of issue? It adds no value to the coin at all! There was a rumor that the strike would be better? The dies are polished or changed as necessary to maintain a MS or PF 69 to 70 from the US Mint. In very rare occasions a 68 will get through Quality Control. Don’t waste your money on an Early Release or a First Strike or any other type of Special Label. Mintages are typically low on special issues. Look at the total mintages and base your purchases on low issue numbers and not special labels.