Are american eagle silver dollars proof overpriced?.

the american eagle silver proof dollar cost $29.95. the uncirculated silver dollar cost only $21.95. proof cost 36.45% higher than the uncirculated. or $8.00 more. the modern commemorative silver dollar cost: proof - $35.00, unc- $33.00. only $2.00 diffecrent or 6.1% more for proof version. so, are the american eagle silver dollars proof overpriced?. or the uncirculated silver dollars way underpriced?. what you think?.

 

Log in or Sign up to hide this ad.

I think you shouldn't buy it if you don't like the price.

 

I think it's good strategic pricing right where it is... Commemoratives are a one time deal so they should justify a premium. ASE's are an ongoing coin and they want to maintain a customer base. Based on the cost they sell the non-mint mark coin and then the resale cost to the public they are justified with the cost of the Unc at $20 to $21. I think they could go a little higher with both and not suffer too much - but hope they don't!!!

 

You are comparing apples to oranges.

ASE proof dollar cost $29.95.
unc silver dollar cost only $21.95.
proof cost 36.45% higher than the uncirculated. or $8.00 more.

commem silver dollar cost: proof - $35.00, unc- $33.00. only $2.00 diffecrent or 6.1% more for proof version.

so, are the american eagle silver dollars proof overpriced?
NO

or the uncirculated silver dollars way underpriced?.
NO

what you think?.
I think you are looking for trouble where trouble doesn't exist. It takes a lot more work, time, labor, equipment, to make a run of ASE proofs than it does a commem proof. Thus the price differential. They are priced right for what they are.

 

underpriced maybe?.

i think the am eagle (w) unc silver dollar is quite underpriced as compared to other three. the u.s. mint can still charge us additional $5.00 for ASE unc.

 

Where did you come up with that little pearl of wisdom?

 

"the uncirculated silver dollar cost only $21.95. proof cost 36.45% higher than the uncirculated."

if you are talking about the silver eagle one ounce, then that it too high.

 

I buy five of Proof clad and Proof silver and five Mint sets and would buy five Eagles but I lowered my shopping to three each for Proof and Unc the last few years, just to save a few bucks.

But I agree, I think they are both a little overpriced, just my opinion. Still like em though.

 

modern commens

regarding modern commemorative proof and unc silver dollars. we must always remember to deduct some few dollars from its original issued price. like currently, $10.00 must be deducted as a donation to different group or organization. then, we can compare it to am eagle silver series. the modern commems prices is still higher than am eagle.

 

Everything is priced for what the market will bear. The market for bullion and commemoratives made specifically for collectors will bear a lot, maybe more than it should. I'm going to buy 2 of the 2007w uncirculated coins simply to complete the set. But I think they are all a few dollars too high for what they are, so this is a luxury purchase, not an economic one.

 

It really doesn't matter what the per coin price is for the 07W. You order 20 coins, get them graded and hope for 3-4 MS70's. You flip those for a sizable profit along with 6-7 MS69s and the other 10 are FREE with a couple extra dollars in your pocket.

 

And the conversation on this thread points to the difference between the collectors and the speculators.

I saw this happen in baseball cards, then comics, then collectable trading cards and now coins.

Swoop in, drive up the prices, dump everything, run and move onto the next "quick buck" item regardless of the wasteland they leave behind.

*sigh*

 

I think there is some of that in all aspects of life. There will always be market makers and profit takers. Personally, I'm a speculator/collector. I've only been doing it for about a year. The silver anniversary sets got my interest when I saw the fortunes being made. So, I stuck my toe in the water. Then I did the 06W when that came out and I'll try it again with the 07W. All the income goes back into the hobby as I work on my 7070. I'm not leaving a wasteland just trying to get ahead by giving the masses what they want and upgrading some coins in my own collection as I provide that service.

I have an acquaintence who is a Katrina refugee. He flips to supplement his food stamps and provide the basic needs for his family. He is partially disabled. After I met him and got to know him and his family, I lent him the seed money he needed. He has since paid me back, not that I had any doubts that he would. There is a little bad in most everything but there is some good if you look hard enough.

 

am eagle unc

am eagle unc with w mint mark at $21.95 is still the cheapest against am eagle proof $29.95 and any modern commemoratives at $33.00 and $35.00 respectively. of course am eagle unc bullion coins at $15.00 more or less will be good to buy. but bullion is bullion. too many being produced. and it is not for collectors. maybe that bullion coin one is for investors.

 

overprice?

after reviewing those prices from the mint. i think only modern commemoratives were overpriced. because of the sur-changeimposed for donation to its respective organization. mostly $10.00 each coin for silver.

 

american eagle

actually, american eagle help me earned a lot. over $63,000.00. thanks to american eagle series. others series not so good are popular modern mint sets. such as clad proof set, silver proof set and mint unc set. and modern commemoratives.

 

overpriced?

yes, the am eagle silver proof dollar seems overpriced. $29.95(proof) against $21.95 (unc). usually the gap is around 10% between them. if the mint stick $29.95 for the proof. then, in the future. the u.s. mint can still increase its uncirculated version to somewhere around $26.95 each.

 

The ASE proof is slightly overpriced ad so far elaine is the only peron who has come close o the proper reasonin.

If you are going to compare the prices to the commems you MUST subtract the mandated $10 per coin baggage that they have to carry if you want a fair comparison. So that akes it

ASE W unc $22 (I'm rounding to make it easier)
ASE proof $30
Commem proof $25
Commem Unc $23

The two unc coins seem to be comparitively priced so I would say that's a wash.

The Commemproof is $2 more per coin than the Unc. Considering the exrta work that has to go into the creation of the dies and the polishing of the planchets I think that is a very fair premium.

The ASE proof should be more expensive than the Commems because of the higher cost of the greater number of dies, from two to five times as many. But a five dollar per coin difference strikes me as excessive. I could see an additional dollar of two. That would make a fair price for the proof ASE $27. So the proof ASE is about $3 over priced.

Of course you could say that all of them are overpriced when you ad the non-W ASE into the mix. If we accept it as being fairly priced at $15, then why should the W version be $22? The only difference between these two coins is the W and the mint packaging. So the cost of production is zero, and the packaging is maybe three or four dollars. This means the price of the W ASE, Proof ASE, and the comems should drop a further couple of dollars. Maybe one if you want to protect the mint from bullion fluctuations on the special coins since they can't shift their price on a continous basis like the bullion coin can.

 

am eagle proof & unc series prices up

2007 am eagle gold proof and unc series prices will be adjusted to higher due to gold price went up recently. that applied to one ounce, 1/2, 1/4, 1/10 & set.

 

my prediction for am eagle gold proof & unc

my estimated or predicted prices for american eagle gold proof and uncirculated coins of u.s. mint as follows:

uncirculated: one ounce $789.95
1/2 ounce $399.95
1/4 ounce $209.95
1/10 ounce $104.95
set $1,449.95

proof: one ounce $829.95
1/2 ounce $419.95
1/4 ounce $224.95
1/10 ounce $119.95
set $1,549.95

p.s. these will be my guess only.