AMERICAN EAGLE COLLECTORS...Need answers

Sure, by that standard almost anything collectable is an investment. I guess I was referring more to those who believe that metals are an investment vehicle on par with (or even superior to) stocks and dividend yielding funds, etc. I do not think they are, and that they should not exceed 10% of one's investment holdings.

 

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ha ha - At least I have a sense of humor about my errors....

 

One of the latest Coin Worlds reported that the Government had put a halt to the sales of Silver Eagles on July 7th to the "Authorized Purchasers" because they had run low on silver planchet stock. When sales did resume on July 27th, there was a spike in sales. So much so that for the 11 days of actual silver sales by the government in July, they still sold over 5.5 million ounces. A side note to the sales in the Coin World story was an indication that silver coin and "bar" distributors were having difficulty "filling orders". This kinda tells me that the 2 ounce Privateer rounds I bought from Provident Metals "might" have been two Silver American Eagles in a prior life? Nah, that silver could have originated from Mexico or somewhere else in the World. But, are bar and round makers melting Silver Eagles to make their products? Maybe....

Is silver abundant? In 2013, according to Wikipedia, 836 Million Troy ounces of Silver was mined Worldwide.

Now, you obviously have internet access. Start using that access to do some research on "silver" and remember that Silver Eagles "were" required by law in 1985 to be produced ONLY from silver transferred from the "U.S. Strategic and Critical Materials Stock Pile" which could ONLY be replenished with silver mined within the United States. This meant that it could NOT be imported from Foreign souces such as Australia which provided much of the Stock for the Silver State Quarters. But all that changed in 2002 due to the rising demand for Silver and the continued depletion of the Strategic Stock Pile.
Read more here: http://about.ag/AmericanSilver.htm

Better yet, use your internet access to do some research on Silver and remember that when the Liberty Coin Act was passed in 1985, its intent was to make Silver and Gold available in smaller quantities to the common individual as an "investment tool". "Investment" has turned into a commodity governed by the Stock Market indexes which rise and fall according to investor interests and availabilities of those commodities.

Silver, as an investment, might possibly be a good long term (more than one year or in the case of Silver 30 years) investment as indicated by a few other posters but, in the short term (less than a year) it can be brutal AND you have to rely upon quantity to realize a profit meaning more than a single ounce.

Always remember that there are folks out there who CAN convince you that Silver is a GREAT Investment and could reach $1,000 per ounce but, their goal is to SELL you silver which in turn profits "their" investment and/or business.

As a general rule, silver in the form of coins is a terrible investment vehicle but "coins" as a collectible, can and often is a tremendously "rewarding" vehicle for personal pleasure. The most rewarding aspect of the "hobby" is the sole fact that it has a real, and tangible value. This basically means that, unlike collecting matchbooks, bottle caps, and sports cards, you can always "sell" your collection for more than its face value or at the very minimum you can "spend" your collection for its face value such as with CnClad coins.

Do some research and keep asking questions.

 

That answer is the best yet....thank you.

 

I agree Larry, However, no one knew the Extra coin was going to be part of the Gold Set.. I think that is the onlt ASE that I dont have in my Collection ...

 

I saw an '95 set in a dealers showcase this past Sunday. It was fun looking at it but the 6000+ asking price was beyond my means.

 

I am thinking $6000.00 would have been a good price !

 

Actually they did, it was announced that it would be a bonus to mark the tenth year of the eagle program and that it would only be available as part of the gold eagle proof set. Oddly buyers were given the option of purchasing the gold proof set with or without the silver eagle included, and both at the same price.

 

Well, on Sept 14, 2011, my subscription for 10 2011-W Silver Eagles kicked in at $60.95 per coin whyich included the $4.95 for shipping.

I would be ecstatic if I were able to sell even one for $60.95.

As a general rule, Silver and Gold Eagles DO NOT go up in value unless the market for silver and gold bullion go up in value.

As a collectible, they're great BUT never, ever, ever, expect them to increase in value from a numismatic standpoint. Anybody that does is either selling you a line of baloney or selling you one of their Eagles.

Did you make a mistake purchasing Eagle for all those years? As long as you bought them from the US Mint when PM prices were reasonable low, No.
Keep them. Hang on to them. Enjoy them. Just don't expect them to fund your retirement.

 

also, try not to use all caps.

 

Yes. The information was out there. Coin World was all over it. Lots of collectors were ticked off. You had to spend a $1000 to keep your set complete.
I wonder how many ordered it without the Silver Eagle? This is part of what the mint mailed out.

 

No, I paid from the U.S. Mint....when silver prices were low. These were purchased years ago. Proofs, etc.

 

I remember that.

 

Thank you, great to know. I appreciate the help.

 

I like my nest "coin" investment....10 percent.....20 percent is ok too...
I feel that when and if our system fails, metals are the only universal commodity.

 

Excellent insight!

 

We lost 1/3 during the crash in 07/08....The market fluctuates....it's Better now.

 

Love Morgans! Good advice.

 

Spot is fine for mine...but I will keep them for retirement.

 

The Morgan picture I use recently turned color. I left it at my mother-in-law's, for a relative to see it, and a month later it was black/gray. I know she cleans her carpets a lot due to her dog, primarily in this room....she kept it in a drawer in my container. Could it be the humidity? I will never clean it, unless there is a safe way to make it pretty again like in the photo...it made my tummy ache when I got it back. Any ideas?
It's very dark now....I will try to take a picture today when I have time. What a loss for me.