Starting today, it seems that the 25th Anniversary Silver Eagle Sets are starting to be shipped to customers.
Some collectors who placed their orders shortly after the start of sales on October 27 at 12:00 Noon have had their status changed to “Your order quest has been shipped” and have been provided with a tracking number.
The start of shipping occurs earlier than anticipated. The US Mint had previously indicated that shipping was expected to begin in “late November 2011”.
Many collectors and readers of this blog are palpably excited about the prospect of receiving this limited and much anticipated set within the next few days.
Once the sets are actually received, more robust secondary market sales activity can also start to occur for those seeking to sell their sets. One of the largest markets for quick resale eBay imposed certain requirements on the sale of the 25th Anniversary Silver Eagle set which effectively served to eliminate pre-sales.
For previous quickly sold out US Mint products, steady pre-sales activity would usually take place leading up to the actual shipping of the products. Once the products were received, sales listings would usually to increase, sometimes depressing prices.
In the case of the 25th Anniversary Sets, there might be a much larger rush of listings taking place once products are received since pre-sales were prevented. There will also likely be a great deal of pent up demand at the onset from the many collectors who wanted a set, but were unable to place an order.
In other news, it seems likely that there will be another price increase taking place for US Mint numismatic gold products. The average London Fix gold price for the period (excluding tomorrow’s AM fix) falls into the $1,750 to $1,799.99 range. In the most likely scenario, as long as tomorrow’s PM fix price is in the same range or higher, the US Mint will increase product prices by $50 per ounce proportional to the gold content.
The impacted products would be the 2011 Proof Gold Eagles, 2011-W Uncirculated Gold Eagle, 2011 Proof Gold Buffalo, First Spouse Gold Coins, and 2011 commemorative gold coins.
The US Mint has generally implemented these weekly price changes around mid-morning on Wednesday.