American Silver Eagle options

Newer ones around $50-60 older a few bucks more. A couple dates in the mid '90s are lower mintage and go for $80-90ish. Then you have the dreaded 95w which is around $3-4k

 

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I buy them each year straight from the Mint. Believe they were $49.95 in 2014 and 2015. Up to $53.95 this year with the hike in silver. I picked up a 1986 ASE proof in OGP for $60 from an EBay dealer about a month ago. They're out there and not difficult to find with the notable exception Cascade cited.

 

Personal opinion it is just bullion with marketing spin. For years all the bullion coins were struck at West Point. Then one year demand got high enough that WP couldn't strike them all and San Francisco took up some of the slack. Now the ONLY way you could tell which mint struck the coins was by looking at the band around the shipping "monster box". So to get the (S) or (W) on the slab was to send the TPG the entire unopened monster box for grading. You take that coin out of the slab and there is absolutely no way to tell what mint struck it. So the (S) or (W) designation on the holder has nothing to do with the coin, it has to do with what plastic band held the shipping box closed.

 

I have to agree with Chris can you really tell the difference between a 69/70?
I will she this with you.... I do collect ASE both proofs and MS. The proofs are raw in original mint Packages.
I do have several MS as well a few PR coins in my collection of ASE. Including the 2008 reverse of 07. At one time I had over 10 of them 8 of the 10 were SP 70
Try and sell one..... no one will pay you for a 70 anywhere near book value ! No when they can get a 69 for hundreds less .
now my graded ASE'S are either raw or graded ms-68.
Why you ask.....well since these are bullion coins with few of the series being key coins I chose 8's as just like the difference between a 69/70....a 68/69 pretty close .
and population . Everyone wants 69 or better coins.
no I .....I want all 68's from 1986 to date .
now if you're talking some of the lower mintage's I can understand wanting higher grades.....but again I gave away at least 8 2008/07 's in 70 as no one would pay that much more a premium for the sake of a speck in the fields.
Maybe be I'm wrong but I like the 6 8's maybe I'm just different .

 

I subscribe to the mint for the burnished and proof examples, and I pick up the bullion coins at shows or local shops. All remain in OGP or 'flips'.........nary a graded example in the collection except for a '69 graded (NGC) coin I picked up for reward points just before they went belly up and bought out by Stacks..........

 

For me regarding collecting Silver Eagles, for Proof, I always leave them in the original packaging, for Mint State or Bullion SE's, its always NGC Early Release MS-69.

 

To each their own, me I put them in a Dansco album, and it's getting heavy. I do save the OGP and the 2006 Rev proof is in a PCGS slab. I would crack it out but I would have to re-arrange my album.

 

Wow beautiful collection!


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I agree "To each their own" but feel there is something important to understand. Proofs do not do well in Dansco albums, long term. Proofs gain spots, haze and slide marks from the album. That's not just my opinion, it's fact.

 

I'm liking both volt uncirculated coins and are wonderful

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Honestly I think the app collector would rather lab volt can I have both

 

I collect ASE's as well. MS, PF and Burnished. Still working on a set of PF 70's and I have a set of 'W' Burnished Early Release coins. A few of the proofs get pretty costly, like the 93, 94, and especially the 95 W. Many of the earlier MS 70 coins are very costly as well so I stuck with MS69 coins. As far as some of the designations go, Chris is right that they mean very little. First Strike, First Day of Issue, First Releases, Early Releases, only mean that they were sent to the graders within a particular time period. They have nothing to do with when the coins were minted (or that they are 'better' than other MS69 graded coins). (Except maybe the 2008 Reverse of the 2007 W Burnished Silver Eagle. About 30,000 to 40,000 were produced before the Mint caught the error and they had already been shipped out.) If you've ever worked in a factory you'd realize that the first items produced are not necessarily the first items to go out which is what happens at the Mint.
That being said, I did get stuck into the designations on the MS coins. I collect NGC coins only for the set and I am working on an NGC set of First Strike/First Release coins. Only missing the 1999 in MS69 First Release. (NGC no longer uses the First Strike designation. I think they were sued by PCGS for Trademark infringement, or something like that and are no longer able to use it, hence the First Release/Early Release/First Day of Issue designations. NGC discontinued using First Strike after 2006.) Again, like Chris said, if you looked at an MS69 coin without one of the designations, you would not be able to tell the difference between one that has a First Strike, First Day of Issue, etc and one that doesn't.

 

Very good point. I'll be heading in that direction next time I choose to purchase one.


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I'm aware of that but cay sera sera.
After the grim reaper stops by my children will have to deal with them. I have instructions as what to do with my collection, but if they don't follow them and just go to a local dealer they WILL not get what they are worth.

 

I don't buy graded silver eagles as they are silver and only worth what an oz goes for I do buy the mint proofs and leave them in there original mint issue containers

 

The lawsuit was filed by a collector in Florida, and since PCGS is located in California, it was exempt from the suit. The plaintiff contended that the term, First Strike, was misleading. As a result, NGC was forced to changed their designation to Early Releases.

Chris

 

If you are ok with killing the value, that's fine with me. That's your choice.

 

Thanks Chris. I think you told me this once before. The older I get, the more I seem to forget.

 

Hmm? Try picking up a 1996 silver eagle (UNC.) at the value of the silver. Also there are some other years that sell for a nice premium over the price of the silver. And all the proofs sell for, at minimum, twice the silver content.