Could some of you knowledgeable coin collectors please tell me something? When looking at proof silver Eagles, I see a large variable in prices. I understand differently graded coins (a 69 vs. a 70, etc.), but then I see First Day of Issue, Early Releases, and no timeline at all. These are all sold by the same company and come in the same slab, I think that is what the plastic containers is called. Is this a scam or should these differences make a drastic difference in price. I want to know you experienced folks opinions. Thanks, in advance, for your advice.
Larry

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Miss Buddies crsides & fat tom

Silver eagles were never meant to circulate, grading is a gimmick to pull more dollars out of your pocket. I know it is a bold statement but with the premiums where they are you will not sell a 69 or a 70 for more than you paid in your lifetime. Grade is important on coins made for circulation and justify the premium. Silver eagles are priced well above spot and when you do sell you will likely receive a premium over spot silver price but it will be a fraction of the premium you originally paid.

You'll have to ask yourself why you want to purchase the
Silver Eagle in the first place. The slabbed graded ones carry
a high premium over spot. You'd be hard pressed to get that
premium back at sale.

On the other hand, the bullion ASE's are for protecting your
wealth, and maybe even for use in a barter situation, like the
"junk" or constitutional silver. A little over a month ago when
silver was $19.00 and change, the premiums were 100% on
ASEs. That was a little over $38.00 per ASE. YouTube has
a number of silver guru's that were not recommending buying
ASE's because of the insane premiums, and were recommending
silver bars and rounds. Now, 5 an 10 oz. silver bars are getting
hard to find, as well as the buffalo 1oz. rounds.

So bottom line, do your homework and shop around the inter-
net bullion dealers as well as local coin shops in your area.
Buy the dips with money you won't need for a while. Pay with
a check to avoid extra fees. On most internet bullion stores
if you buy more than $199.00 the shipping is free. Buy from a
reputable source to avoid fakes.

Bullion, back in the 90's I got into Gold and Silver, mostly K-rands for gold and either credit suisse 1oz bars or Sunshine Mint 1oz rounds. Have tons of both got them for something in the area of 5.68 each. Went into Reed Waltons one time and he had a couple 80lb bars for sale, got me a few. K-rands were selling for the area of 475 to 500 each. I did get a bit of Canadian Maples in 1oz gold platform, mostly because both them and the K-rands were .9999 vs .999 of US coins.

On TV Silver Eagles are to avoid.

Do a coin show to observe and learn.

CoinZip Coin Shows - 2022, 2023

I'd love to see a picture of that 80lb bar! That is a whopper. I would have to get me a youngster to carry it for me!😀
Larry

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Miss Buddies crsides & fat tom

I just thought of another question. There are many different paper parts of the inside of the slabs (not sure what you call them). I see them with the American Flag, anniversary years, eagles, etc. Is there a certain one of these that brings more money or is it just a personal preference? I understand the ones with an autograph of a designer being worth more, so I am not asking about those.
Larry

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Miss Buddies crsides & fat tom

When they ship from West Point they look like this.
Additional packaging added by somebody else.
If I wanted some Eagle Proofs, I would lean heavy on the big established companies like SD and APMEX.
And if you have a local Coin Dealer you trust, ask them what they think.
When I see the colored pictures, cartoons, super heroes on coins I run!
I am mostly a Stacker. I like Eagles and have a few but the premium for regular Eagles is Sky High!
I mostly buy Silver Rounds, small bars.
Yesterday I Did buy a Ounce of Oro!

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NRA LIFE MEMBER

The best buys in silver and what's best for 'barterable' are the common 1 oz. silver rounds, pre-65 common Washington quarters, pre-65 common Franklin halves, lower grade common Morgan and Peace silver dollars.

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I stack BU but about 6 months ago I was buying culls because they were cheaper, got some decent coins but the Eagle market is crazy now.


Sent from my iPhone using Tapatalk

I sold off maybe 80% of my Silver and about 70% of gold to build a custom home for my wife and I to our specs with new furniture and appliances. I did have to rent a U-Haul to haul the bullion to a dealer in Richmond, but I got way way more than I paid for it all. Now, at the dealer, he did take core samples of the bars to make sure they were solid silver, had me worried as I'd never ever considered they might have been bad, but then again, I bought them from a coin shop I'd done business with for years.

What value if any do Mercury dimes have as far as silver goes? Or is their value strictly as a collector coin?

Mercury dimes have .0723 ounce of silver with current melt value of $1.52, with a barter value of $2.00.

What is 90% Silver?
All major U.S. coins before 1965, excluding the nickel and penny, contained 90% silver content. The term “90% silver” is a short way for investors, collectors, and buyers to refer to pre-1965 dimes, quarters, half dollars, and dollar coins, as a group. The term also serves to differentiate these coins from post 1964 coinage. Typically these coins are not considered for their numismatic value, and they are often traded for their silver bullion content in $100, $500, and $1000 face value rolls or bags.
Love the 90% Coins! Real Money, Honey!
Hate it when folks call it ‘junk.’
What don’t I like? The Premium Price to buy it!
Took a Quick look at APMEX, large dealer in Oak City.
90% Silver Roosevelt Dimes 50 coin roll, Avg Circ. $122.34
That’s approx 3.575 oz of Silver. That’s $34.22 an Ounce!
See Spot at $21.23.
Almost $11 an Ounce Premium!
50%!
See why I’m not buying any?
Everyday I Have to Cry Some!

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NRA LIFE MEMBER

I do kind of like the APMEX one ounce silver Bitcoin. Because ... you know ... irony...

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Many bad bars coming from offshore, silver outside, something else inside.

check out the website, coinflation...will answer questions about silver, gold and "junk" coinage....or, PCGS or NGC for rare coin values....I mostly do national bank notes these days, but have quite a few coins

A roll of common 90% silver Roosevelt dimes, at coin shows, would get you $100 or you could buy for $110-115 (that's still in the range of $31-32 per ounce.
A typical 1oz Indian/Buffalo round is $24-26 at the shows, which puts it at the most attractive 'value'.

In communicating with a coin show acquaintance last night, along with the normal strong bullion demand of 90% silver Franklin halves and Kennedy 1964 halves, Washington quarters and Roosevelt dimes demand has substantially increased the past few weeks at coin shows and difficult to get. Rolls of silver War nickels of 1942-1945 will probably start a demand too.

At the last coin show I was at (Nov.12) I picked up 6 rolls of silver war nickels at slightly below melt value. He had them priced too high and asked him why, he said they're probably still priced at the last silver high. He got out his calculator and offered them at below silver melt. I grabbed them and he was glad to get rid of them as he probably had them for a long time. Silver war nickels don't have the 'demand' as the 90% dimes, quarters and halves.

Ran them thru the SS pin wet tumbler, they cleaned up nice, used war nickels always look pretty ragged.

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I picked up a bunch of war nickels back in the mid-2000's when
silver was cheap, relative to today. I'm amazed at how silver
stackers look down on these as they are the smallest fractional
US silver coin you can get. In a barter situation these will work
well for small purchases.

At $1 FV ( 20 coins), there is 1.125 troy ounces of silver. A full
roll of 40 contains 2.25 troy ounces of silver. Not too shabby.
If you can pick some up, do so.

I picked up a bullion 1989 BU silver eagle that has some light scratches on it, but I got it for $28, so it was only a couple bucks over melt value. I decided to see what Mothers mag wheel polish would do to the finish. After only a few minutes of hand polishing, I was pleasantly surprised with the results . Disclaimer, do not do this to a collectable coin!

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MP9, 5906 and a few CZ's

This topic pops up once a year. My experience with "precious metals" is over a very long period of time, like 60 years. Recently the wife and I off loaded everything including jewelry. $5 digits of unnecessary stuff neither of us wear, none of it out of the safe in at least 15 years. I have this one reminder left of "precious doorstop." I bought it in 1981 for $760 ($720+$40 assay fee) and today it's worth around $2K. 42 years with what, .5% annual increase. The same $760 bought 58 shares of Disney @$13, at that time I was building EPCOT and that was a little over a week's take home. Today that would be 2,784 shares at around $100 each. Silver don't shine so bright for me.
Oh yeah, if'n "societal apocalypse" does come to pass gold, silver, diamonds, rhodium sponge ain't saving anyone over the long term. I'm on "Oddball's" team: "Positive waves, Moriarty." Joe

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Behavior Creates Destiny

Well a lot has to do with when you purchased the silver. My dad, back in the sixties, bought silver dollars from the local bank at $1 each, and in 2011 most of them sold for $35 each. Timing is everything, and current estimates for silver prices in the next few years exceed $70+ an ounce due to EV demand and the world falling apart, but we will see.

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MP9, 5906 and a few CZ's

If all social order collapsed, I think I would be better off trading tinned tobacco than silver bullion.

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and what his trumpet saith

I kinda think it is all a scam. Paying over spot, why. Tell me why someone charges as much as 7-8 dollars over the market price of silver. Oh yea, the risk factor, BS. The people that make money are the ones that buy and sell precious metals. They buy under the market price and sell over the market price. If you bought it when it was very cheap, good for you. Anyone that buys it now is a PT Barnum customer.

If you want to hedge on the future going bad, buy lead, lots and lots of lead.

All the commercials on tv and the precious metals websites are a scam.
All the tv sites that IF silver and gold goes up to their previous record highs, if they themselves believed it they wouldn't be trying to sell you silver and gold now but wait till it rose to those high spot prices occurred.
All the home shopping networks that sell Morgan dollars and Silver eagles have them priced at almost double compared to at what you could pick the stuff up at coin shows.
The coin show I was at yesterday, silver was bought at $1 under spot and sold for $2 over spot. No, didn't buy or sell anything, just reporting.

Having been selling off my S&W collection over the past couple of years, I have found "in general" S&W's have been a better investment over the past 20+ years. Having a firearm that you can shoot and enjoy, then sell off for triple and quadruple what you originally bought it for made a lot of sense to me. But, buy quality and keep it in original condition, shoot it but maintain it well.

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H Richard
SWCA1967 SWHF244

I have a friend that owns a business selling gold and silver, etc. He will buy gold and silver no matter where the price is. He always pays the same percentage of spot buying or selling, hasn't changed as long as I've known him. He's got the spot price advertised outside his building. His attitude is as long as people are lining up outside his store he is making money.

This is the extent of my silver hoarding. I’ve no idea what I have or what it’s worth.

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When silver jumped to it's all time high I rented an enclosed U-Haul van and loaded up all my silver bars, from the 10oz bars, to the 50oz bars to the huge bars to sell to a dealer up in richmond. I did get a little miffed when he wanted to drill into the large bars to make sure they were solid silver but then it hit me, I knew they were and he was buying em to melt down so it didn't bother much after that lol. I can so however, with all the silver, that dang uhaul was sitting LOW to the ground. For the huge bars I got $5.00 under going rate, for the Johnson Mathey, Credit Suisse and Sunshine mint bars and rounds I got $3.00 under going rate. My binder of 1oz gold K-rands, Canadian Maples and Credit Suisse 1oz strips I ended up negotiating $35 under going rate, and, considering I paid at that time about $1500 under going rate I wasn't going to gripe.

OH so true, Reed Waltons had a huge box usually of Sunshine Mint 1oz silver rounds usually selling for $4.65 each.

Silver has dropped $4 in the past two months, $25 down to $21.

When the SHTF there will be no market for collectable coins.

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No baby we aint

My only Silver regret is that I didn’t take home more real Silver Dollars when I had the opportunity.
I have a bunch but could have had more!
Not to worry, I have ammo, lots of it.
And I have a fair amount of Silver.
Recently Bought 60 ounces.
The price is down.
It’s on sale!

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NRA LIFE MEMBER

When society collapses the most precious metal to own is lead!

I like the Eagles, But those premiums are still So Very High!
Recently I gifted an Eagle to a Parelegal who went beyond aiding me in getting some Gold Flow.
She looks at it and says, A Silver Dollar?
No! It’s an American Eagle, it’s an Official US Bullion Coin.
And see that W Mint Mark? I did not Make this coin! I have a W initial.
It was minted at West Point.
She was still looking at it when I left her office.
The Spot Price is down and Premiums have eased on other Silver.

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NRA LIFE MEMBER

Why bother with the Silver Eagles, if it's strickly for silver investment, the round 1oz Indian/Buffalos have the same 1oz .999 silver at a much lower cost.
Sunday at the Fairview Park Ohio show, with silver having dropped $4 in the past two months, The 1oz round Indians were selling at $25 and Trump round 1 oz were priced at $24, I bought 10 of the Trumps.
It's all the same 1 tr.oz. of silver.

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I wish I had an equivalent weight of silver of the weight I have in ammo and components.

Ever hear of goldbacks? I think they have been around since 2019 or so. Interesting concept, although they sell for a big premium over their gold content. But gold in small amounts seem to always sell at a high premium in any form.

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Common sense isn't so common.

Not a fan of the Goldbacks.
I would rather see you buy Silver.
The Silver price is down, premiums are down.
You can get a $5 roll of 90% Dimes under a $100.

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NRA LIFE MEMBER

Investors buying govt bonds backed up by $33,000,000,000,000 in debt. Interesting.


Gold is losing its dazzle as bond yields and the dollar surge | CNN Business

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I’m your Boogie Man, uh huh.

Current 'barter' values based on current silver spot
35% 1942-1945 war nickels $1.22
90% pre-1965 dimes $1.57
90% pre-1965 quarters $3.92
90% pre-1965 halves $7.83
40% 1965-1970 halves $3.20

Super old thread but my 2 cents is go buy some Peace or Morgan dollars. They are old and holding that history in your hand is kind of cool.

In 1980 the Hunt Brothers drove up the price of silver, along with that was the hostage crisis occurring in Iran. What the current middle east crisis, turmoil, and war will do to silver and gold prices is to be seen.