AMERICAN EAGLE COLLECTORS...Need answers

Getting coins "Slabbed and Graded" is for serious collectors who are looking for liquidity in the market place. TPG's "authenticate" then grade coins for tamper proof slabbing. That is their primary mission.

Slabbing a $30 coin will cost you nearly $60 at PCGS. The prices may be cheaper at NGC and cheaper still at ANACS or ICG.

For SILVER EAGLES, the ONLY reason to have them graded and slabbed is to hopefully increase their resale value. Meaning, they'd have to be PR70 or MS70 before it would be worth it to have them slabbed. The "70" grade rarely occurs with individual submissions or even 10 coin submissions since, IMO, it's really a "gift" grade that has little meaning other than some dealers want you to believe that the coin is "Perfect".

The other reason to have them slabbed would be to protect them from possible damage.

A last reason for getting them slabbed would be if you intended on completely the series with slabbed pieces and were planning and starting a Registry Set with either PCGS or NGC.

There are no other reasons to have a Silver Eagle Slabbed and Graded since it can get VERY expensive VERY quickly.

With PCGS, you can only submit coins for grading if you are either a PCGS Authorized Dealer OR you are a Collectors Club Member. Collectors Club Memberships start at $69 per year and go up to $349 per year.
The lowest grading service available costs $20 per coin.
Each submission REQUIRES a $10 Handling Fee.
Each submission REQUIRES the YOU (the submitter) Pre-pay the return shipping and handling charges which is currently $19.95 for 1-4 coins which have a combined value of $1,000 or Less.

Therefore, submitting a single coin to PCGS (after you've already paid the CC Membership Fee's) would be $49.95 plus whatever it costs you to ship the coins to PCGS to begin with.

Al alternative would be to submit the coins through a PCGS Authorized Dealer but you'd have to wait until that dealer was making a submission OR pay some up front fee's.

At your current level of numismatic knowledge, I wouldn't recommend that you have anything graded.

 

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Heck, ASE's remain rather safe in OGP. Not much chance of damage. Fools errand to try and make money in this hobby OP. Stock market will give you better returns.....

 

Thank you for all of your knowledge. Have a great day!

 

All depends on the collector. Personally nothing in your list interests me so I wouldn't pay more than melt for any of them.

 

While true that someday silver may regain the original prices paid, it is not a cost free wait. Most people have storage costs, holders, safes or SDBoxes, theft losses, etc. Then there is the problem of relatives not knowing the material as well as you , if you die on them~ many sell to the pawn shop. Also unfortunately too many get hooked and put most of their savings into bullion, thinking ...soon, soon...and then they need money for emergencies, bills, etc, and they have to cash out for the going rate, which may be lower than now. Five-10% max of your liquid investments is the key.

 

As a rule, eBay's Prices on American silver eagles are very high. Every now and then, there will be a good catch, but silver eagles are very popular on Ebay. Ebay might be a good option to sell some of your collection but i wouldn't recommend searching for older dates on eBay.

 

I hear 1970 Memorial Lincolns that have spent a long time sitting in milk cartons are shooting up in value. OP should look into those.

 

No, don't waste your money on the grading fees.

 

Especially on ASE's. An ounce of silver will always only weigh an ounce of silver graded or not and playing the MS70 game is expensive and in my opinion a waste. The percentage of collectors who care if an ASE is graded or not is minimal.

 

Very wise answer, thank you.

 

I agree...thank you.

 

Real funny, I see you have returned...

 

Does anyone feel that silver will ever go up like gold did? Or is that just a gimmick that I read on the internet? Silver seems to stay low, where gold jumps all over the map...why? My understanding was that silver is essential in many objects built today, is there a ton of silver out there still in the ground? Just wondering, and remember, I am NOT AS EDUCATED as the rest of you. I would like an honest answer to this.

 

I had a roll of 2010 ASEs that I recently found. Traded them last week for a bunch of mixed dates and bought a Dansco. I enjoy them much more now.

 

Education has nothing to do with being able to predict metals prices. Actually, the more educated someone is, the less likely they are to honestly say they can predict metals prices.

Behind every bit of hype on the internet, TV, and radio is someone trying to make a buck selling something to you. Silver is no different than the Ronco Pocket Fisherman or Sham-Wow in this regard.

 

You are at least winning in the YELLING competition. OOPS!!! I am GIVING YOU A run for your money.

 

Ya know, there are some people who bought silver in the late 90's at dirt cheap and sold over $30-40.

Basically, this is just one investment that requires patience. I guarantee if I hold onto silver for 50 years it won't still be $14-15. It may go lower soon but I'm not in a rush to sell it.

 

IMO most ASEs are too common in perfect to near perfect condition to be worth much. Only low mintage years command any premium, and 1986 ASEs in perfect condition can be bought for little more than 2015s. Any non-key date ASE selling raw for more than $29 is (in my experience) a rip-off. Most cost significantly less.

The only exception is MS70/PF70 NGC and PCGS slabs, which seem to go up in value reliably. Do not bother with MS69/PF69 specimens, as they are pointless.

My only other 2 cents is that silver is not an investment. If someone calls it an investment, run the other way. It is a store of value, for reasons that are typically better represented by gold, and if it happens to yield a return like an investment (which it sometimes does) it is purely a matter of luck. Split your purchases into liquid/commodity and non-liquid/collectable categories and do not confuse the two.

 

If you focus on Morgan's, or Saint Gauden's $20 golds, those are collectibles of course. But if someone just buys bars of silver, or 1 oz rounds, that's not collectible. People only pay spot price for that stuff. If you buy low and sell at a better price that is considered an investment. Whether it be long term or short term.