Well, guys, this is gonna be interesting. First, I do not yet have my monster box. It is scheduled to be delivered later today. But I do have some additional insight to pass along regarding this purchase:
If I had it to do over again I would not purchase coins where the seller chooses the date.
In light of Argyll’s heads up regarding fraud I think it would be better to have coins with the very most recent date.
Q: But Shin, in the title of this thread you wrote your coins are probably 2018 coins. Are you backing away from that?
I am, though of course hope remains with the coins still undelivered. 2018 coins would be best, no question of that, from a fraud perspective.
It is interesting to compare the offering featured in the OP to the same dealer’s offering of these coins on their website, noting especially the differences in prices. Here is a link to the latter offering:
Link to any year price
Now here was the eye-opener (maybe dopeslap would be a more accurate way to put it) for me. Contrary to what I wrote up thread, note their price for 2018 coins as compared with prices for “any year” coins:
link to price for 2018 silver eagles
Illuminated by Argyll’s post, above, I now am seeing reason for the price differential in favor of the newer coins. It relates to chain of custody. To wit:
This dealer buys and sells coins. It is NOT guaranteed, especially this late in the year. But in general, coins dated 2018 are less likely to have been owned by another coin buyer and then bought back by this dealer, or any dealer, and then resold. Coins which go straight from the mint to a reputable dealer, and then immediately to me are the coins I want to buy. I do not want coins previously owned by somebody else, sold back to the dealer, and then resold to me.
Of course it would have been better to think all this through before buying an “any year” box. If I had it to do over I would have waited for the 2019 coins and then bought as quickly as possible after they became available.
But I didn’t do that. So it will be interesting to see what is delivered later today. Live and learn.
Q: Uh, Shin, you also wrote up thread you thought older coins are more valuable than newer coins. Are you backing away from that now?
Yes, I am, in light once again of Argyll’s fraud heads up. I do think older coins might be more valuable strictly from a numismatic perspective. But when you toss in fraud concerns the newest coins are surely safer, hence more valuable. It’s clear now that tampering has to be a real concern. And the very newest coins offer the least opportunity for tampering.