American Silver Eagle Collectors

[boykinlp]

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

 

[Spurdann]

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.

 

[mojave30cal]

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.

 

[sousana]

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.

 

[oldman10mm]

On TV Silver Eagles are to avoid.

Do a coin show to observe and learn.

CoinZip Coin Shows - 2022, 2023

 

[boykinlp]

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.

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

 

[boykinlp]

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

 

[THE PILGRIM]

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!

 

[oldman10mm]

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.

 

[peterGun]

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

 

[sousana]

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

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.

 

[Bald1]

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

 

[oldman10mm]

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

 

[THE PILGRIM]

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!

 

[glenwolde]

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

 

[oldman10mm]

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.

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

 

[Babysitr]

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

 

[oldman10mm]

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%!

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'.

 

[oldman10mm]

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.

 

[oldman10mm]

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.