UCS 10179 The Millennium Falcon Big Risk and Big Rewards!

The best of the best. The Millennium Falcon is the biggest Lego Star Wars set ever produced to this date. The set has 5,195 pieces in the set. The set has 5 minifigures with it. That is a rare feature. I have only seen a few UCS sets that have minifigures. This is my favorite set. I have built this set. It took me a really long time to build it and it was really fun. Here is the Lego.com description of the set:

Build the ultimate Millennium Falcon™!
This is it - the biggest, most spectacular LEGO® model ever! Straight out of the classic Star Wars movies comes the Ultimate Collector's Millennium Falcon, Han Solo's famous smuggling starship. Every detail of the modified Corellian Engineering Corporation YT-1300 freighter is here, all constructed to scale with LEGO minifigures. At almost 3 feet (90cm) long, it's the ultimate centerpiece to any Lego collection!

• With over 5,000 pieces, this is the biggest LEGO set ever made!
• Model is built completely to minifigure scale - minifigures can sit inside and man the controls!
• Landing gear provides a stable base for model to stand on!
• Ship is over 33" long, 22" wide and 8" tall! (84cm long x 56cm wide x 21cm tall)
• Radar dish rotates and elevates and boarding ramp extends!
• Top and bottom quad-laser turrets rotate for realistic play!
• Cockpit top can be removed to access minifigures!
• Includes 5 minifigures: Han Solo, Chewbacca, Obi-Wan Kenobi, Luke Skywalker and Princess Leia Organa!
• This special set also includes a display card with detailed ship specifications!

Let's talk about the investment of this set.

There are two different editions for this set. A first edition and a second edition.

• The 1st Edition is the regular set with a special Certificate of Authenticity. People got the COA by being one of the first people to order it online or in stores.
• The 2 nd Edition is just the set. No COA.

The 1st Editions are the rarer ones. From what I have heard, there are only about ten thousand first edition made. (This information may be incorrect). There are far more second editions than first editions.

Here is a big problem. What is the difference between the value of the first edition and second edition models? To answer this question, I am not sure about the values for the different editions. For a fact, I know that the First edition is a lot more valuable than the Second Edition.

Every day on Brickpicker.com, I check the UCS 10179 page, and most of the time see the exact same set for sale for the same price. Here is the link: http://www.brickpicker.com/bpms/set.cfm?set=10179-1

There are various sellers for this set. And there are a lot of buyers for this set. I see that some people are trying to sell their first or second edition UCS Millennium Falcons for tens of thousands of dollars. The set has retailed for $499.99 USD and some people are asking for twenty-five times the retail price. Yet I have to see if anyone has bought these sets.

I do not own this set, but I really want it. If I has the money, I would buy one of them, but I do not have the money. In that case, I was wondering, what would happen if I bought a MISB 10179 First Edition and waited for a few years and then sold it for a big profit? We know that the value will continue to go up. The set has a CAGR of 31.81%. Last month, the set has a CAGR of 32.75%.
There is not much difference for the two CAGR in the begining, but as time progresses, there is a noticable difference. At the current rate, which is 31.81%, the Millennium Falcon will be value at around $5000 in 2015.

If the CAGR and the values are like the chart says, buying it now at a higher price may be an good investing strategy for the future. (I am not suggesting buy this set at a higher price)

If a person decides to go that way there is a BIG risk for going this way. The set may not get valued as high in the future, so that would make it an investment faliure.

If you do want this set as an investment, my suggestion is to look at the value of the set first, then see if any of the secondary market listings are within the value, and espcially below. I would buy anything at a low price, wait a few years, and then sell it. It is a good strategy. It has worked many times for me.

If you bought a MISB Second Edition, 10179 Millennium Falcon for $1000.00. You could sell it the next day for $2500.00 and above. If you bought one at $2500.00, you might have to wait some time before you can make a decnt profit.

There is a good and bad affect buying a set at a certain price. The values for this set is based upon the sold listing on eBay.com. If you buy the set at a low price, then the value might drop a little, but, then it should regain in the near future. This holds the same if you buy a set at a higher price.

In the end, there is a great investment oppertunity for this set. It can bring you big bucks, but you can also lose some with it too. If you are going to invest in this set, be very careful. There is a lot of potential risk and reward hiding every where.

On a side note. Do you think that Brickpicker.com should have different values and CAGR for the different editions for the UCS 10179?