Comments on: 2013 West Point Silver Eagle Set Sales End at 281,310

By: David

David — Wed, 12 Jun 2013 05:36:19 +0000

The mintage seems fairly low considering there is a new Eagle in the set. The reverse proof family increased. Can’t wait to see them

By: homer

homer — Wed, 12 Jun 2013 01:38:47 +0000

Buying some sets is a good way to save money with the possibility of profit in future. There are better ways to make money if you are looking for profit. Collecting should be about fun.

By: steve1942

steve1942 — Tue, 11 Jun 2013 00:16:27 +0000

Ronnie: I’m certainly not putting coin collecting down. I’m a member of NGC. Besides the Silver Libertys, I have multiple gold and platinum coins, new and old. My collection contains the UHR you mentioned, as well as the 2006 Buffalo. I own a slew of gold Indians and VAM Morgans. My point was directed toward those that collect to turn a profit. Not the ones that immediately sell (turn) the coins but those that hold them hoping that they will all increase in price. That will not happen, not immediately, that is. Profit in coins is, as I said, tied to either the price of metal or to the age of the coin (75 years, at least). A few will continue to grow in value but if you look at the coin census and see the number of perfect coins being graded, rarity is a thing of the past. Its nice to hear that you enjoy the artistry of coins, that alone makes collecting them worth while. Hopefully, other collectors will feel the same way and the hobby will grow. I’ve recently purchased a few Canadian coins, they do make a beautiful reverse. As beautiful as they are, I hope that our governments don’t get lost in the profit side of collecting. I’d hate to see them go the way of stamps. Until FDR made it known that he was a collector, there was a value in that hobby. After his term, the Post Office put out more stamps than could be counted. If a stamp, today, isn’t completely perfect, it’s worthless. I wonder how long it will be before we collectors start looking for coin grades that go beyond 70. I also wonder if we will ever realize that perfection is in the eye of the beholder. And, listen to me, I just bought this set in First Strike 70 and belong to NGC. So, all I can say is, enjoy your collection, you seem to like it for all the right reasons. Heck, I like my less expensive Kennedy Silvers as much as any.

By: RonnieBGood

RonnieBGood — Mon, 10 Jun 2013 17:07:26 +0000

George and John – Thank you for the support. The Roof goes in this week.

steve1942 – The beauty of this hobby is both in the design of the coins and the ability of them to hold their value and increase in value with time. Perhaps what you say is partly true if you have only collected modern coins. But look at the Buffalo fractionals, the Ultra High Relief gold coins, the 3 coin gold 20th anniversary set for the Gold American Eagle and the Short set within the gold Spouse series. The key is to choose your purchases wisely.

By: steve1942

steve1942 — Sat, 08 Jun 2013 17:13:08 +0000

I have every eagle made minus the 1995-W. I actually went all the way and bought this set in PR/SR70 First Release. This will probably be the end of my collecting days, I’m too old and have much too much money tied into my collection. As to future worth, these coins will stay rare only until the novelty wears off, then there will be a period of, say, 100 years before they again surface for profit. The only other way to not lose money is to hope that the precious metal market recovers. When all is said and done, coin collecting for profit is tied to the value of the metals (and/or age).

By: John

John — Sat, 08 Jun 2013 15:07:30 +0000

A year ago because of some wind damage, I was able to have my roof and siding replaced. It’s worth looking into and my help to save your coin collection from taking a hit.

By: george glazener

george glazener — Sat, 08 Jun 2013 13:24:25 +0000

Ronnie;
sorry to hear that dude. I’ve had lots of trouble with the roof too this year, which has caused me to have cash in many coins and collectibles. Good luck with the repairs.

By: RonnieBGood

RonnieBGood — Sat, 08 Jun 2013 00:55:42 +0000

The number Minted will drop as it did for the SF set. The reason is that purchaser’s may cancel their orders up to the last ship date. This date is now estimated to be in October, with final shipping to be prior to the holiday season. Many things can come up between now and the October ship date. For me, I had to cancel my order of 7. Just found out that I need to replace my roof. Life happens. :-/

By: Boz

Boz — Sat, 08 Jun 2013 00:18:20 +0000

Don’ t forget your ex can always cash then in at the laundrymat to do a load or two. They still have incredible buying power at face value,

By: Stuart Wheeler

Stuart Wheeler — Sat, 08 Jun 2013 00:12:56 +0000

So now we have reverse proofs of 2006, 2011, 2012 and 2013. Followed by the proofs of 1986-2008; 2010-to date. Regular burnished strikes of 2006-2008; 2011-to date. 2013’s enhanced mint state coin. The bullion strikes from 1986 to date. Did I forget the 1995-W proof and 2011-S Burnished Silver Eagles? I’ve lost count of all the different dates, mint marks and finishes. Slabbed coins, raw coins and OGP coins/sets. I’m getting very dizzy from all this silver eagle litany; so much so I’m going to lay down and die from lack of sleep over all these confusing issues the Mint has put us through. I’m too old for this nonsense. 100 years from now, we’ll all be dead in our graves. Will people remember us in 2113 for what we did to help humanity to better itself or, will they remember us only for the silver eagles we tucked away in our collections? Is this all that life is about? 70 years give or take and our existence comes to an end? For those who label themselves as Christians, what would Jesus do? All I know, life is too short.