Sunday, May 26, 2013

2013 Canada Silver Bald Eagle Extremely Scarce

The hottest new coin North of the Border is the Bald Eagle. This new series just made its debut in the past couple weeks, and is a different perspectives of the bald eagle. Two months ago, the Royal Canadian Mint released a 1/25 oz. gold coin featuring a bald eagle which was pretty well received by the buying public.

This new 99.99% pure 1 oz silver coin features a portrait of a bald eagle’s head on the obverse, with intricate details of its features. The coin includes edge lettering “1 OZ FINE SILVER 1 OZ ARGENT PUR”.

The mintage for this coin is miniscule, only 7,500 pieces with a price of $99.95 CAD. Graded versions are just showing up at about $140 for NGC PF70, and similar pricing for PCGS grade 70. An ordering limit of two per household was imposed, and the coin is already out-of-stock at some of the prime sellers in the USA.

Our prediction here at is for this coin to be $400-$500 in grade 70 within 2-3 months. We will have a few grade 70’s for sale in the next week, but really, act fast as this is going to dry up.

Sunday, May 19, 2013

2013 Silver Bald Eagle Canada

This is going to be super hot, only 7500 minted. Get onboard fast on this one!

The new 2013 West Point 2 coin Silver Eagle set should be hot stuff

Early feedback on the two-coin West Point Silver American Eagle set is that the U.S. Mint has a strong player. On the heels of the San Francisco set of last year, which remains very in demand, this West Point set is trending very much the same way.

I think that sales numbers for the 2013 set are going to well exceed the sales numbers for the 2012 two-coin San Francisco set. The SF set sold approximately 225,000 sets (don’t hold me to the exact number) and the WP set looks to be at least 275,000 in sales. This is still very, very low mintage and the price will quickly be determined by the “non-availability” as collectors buy and hold their purchases.

Resale prices should still provide early buyers with a decent profit margin. This is especially true when you consider the vast NGC varieties of labels. And I guess the same is true for PCGS,  but I am not as close to those options as I am NGC. Now the speculator has to look beyond mintage numbers and guess about “hot labels” as he/she buys product.

TIP: One label that has lost favor in the last couple years is the NGC “Blue” Early Releases label. This label has been replaced by First Strikes, 1 of first 200 struck, and similar such labels

The other factor that holds the interest in these sets is the Reverse Proof coin. These are always highly sought after and this WP set Reverse Proof will be the same.

Along with the success of the SF set of last year, is that the overall public sentiment about the economy is up. The stock market is up and the outlook on jobs and employment is very positive. And we all know that our government is still printing money at record paces J.

I personally do not buy from the Mint on these sets. I wait for 70 grade coins to hit the market and pay that premium for quality grades. The profit margin will likely be better right after the initial Mint orders have been filled. And as this set gets traction, other prior sets may get a new little price burst based on credibility of SF in 2012 and this new WP set. The loyal Silver Eagle collectors will definitely buy this set, either from the Mint ungraded, or graded at a later date. And the silver bullion “underpinning” value will have virtually no effect on these sales.
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