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By Steve Roach – http://www.steveroachonline.com/
First published in the Feb. 21, 2011, issue of Coin World.

Collectors are still paying huge premiums for 2010 America the Beautiful 5-ounce .999 fine silver bullion coins and completed transactions on eBay continue to document the market as it progresses.

ATB 5 oz mt hood ngc1 ATB 5 ounce Silver Quarter Market Still Robust While the nine authorized purchasers that purchased these coins directly from the U.S. Mint are allowed to sell these coins for a modest profit — the prices on the primary market have been around $950 per set — several authorized purchasers have yet to sell their sets. This gives some collectors hope of still buying a set for less than $1,000.

Since the last Market Analysis about the America the Beautiful 5-ounce coins, published in the Jan. 24 issue of Coin World, examples certified by Professional Coin Grading Service have entered the marketplace at very high levels.

In two separate eBay auctions on Jan. 28 and Jan. 31, sets of all five 2010 issues, PCGS graded Mint State 69 First Strike, sold for $8,599 per set.

While in early January, five-coin Numismatic Guaranty Corp. sets graded MS-69 sold for as much as $6,500, the majority of five-coin MS-69 sets offered in the last week of January sold for around $4,500.

On the wholesale market, NGC five-coin MS-69 sets are trading at the $4,000 level.

A few MS-68 NGC sets have also sold on eBay: one sold for $3,200 on Jan. 29. Another set in NGC “Gem Uncirculated” holders without a numerical grade sold for $3,150.

Looking at several wholesale dealers’ price lists confirms that slabbed MS-68 coins carry a slight premium over raw coins, as well as over those slabbed with non-numerical grades.

A PCGS set with four MS-68 coins and a single MS-67 — for Hot Springs, Ark. — sold on eBay for $2,800 on Jan. 30.

The trend is that for the 2010 issues, the Yosemite and Hot Springs issues are less frequently found in MS-69. This will be confirmed once the grading services make their population reports on these issues available.
Uncertified sets of five America the Beautiful coins are selling on eBay in the $2,300 to $2,570 range, and they are trading wholesale at the $1,900 to $2,000 level.

Individual coins are becoming increasingly unavailable, though this may change as more are released into the marketplace. The prices on individual coins seem especially erratic, as no one is quite sure how to price them.

 

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1 Comments

  1. Dude says:

    PCGS First Strike Sets are regularly selling for around $1,600 on ebay. Additionally, Amark charged $99 for shipping and also charged tax (at least for customers in CA), so ebay buyers are paying more than the original Amark price, but not a huge amount. My call to PCGS confirmed that these coins are “not grading well”, so MS 69 and 70 coins are not common, and are commanding very high premiums at auction.

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