NGC Grading Finally Completed on 2015 American Silver Eagle

Just a regular, common American Silver Eagle but this was the last raw, ungraded coin I had so I sent it in for grading. I thought it would grade at MS 69, and I was spot on. I purchased a couple dozen back in 2015 for 0.39 over spot = roughly $13 a coin. A few months later the spot price on silver spiked to over $20 so I sold all but 1 for a significant profit. I decided to send this in before my NGC membership lapses at the end of the month. It took almost 2 months for grading, but it was worth it.

 

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That's a beauty. i don't know if it's just the lighting, but it seems to have a slight golden toning throughout both sides. Just curious, when you sold how much under spot did the dealer shake you down for? I have 40 Eagles from 2000 that I bought 23 years ago. I don't know how, but a couple of them have some toning, even though they've been the soft case plastic tubes all this time. I pull them out and look at them about every 5 years.

 

American Eagles carry a premium and should always sell for over spot. I think I sold them for $1.99 over spot at that time. Now most bullion companies are selling raw, uncirculated 1oz coins from $3.99-$6.99 above spot or aprx. 12%-15% markup. The average rate-of-return on silver is around 3% per year so it would take you at least 4-5 years just to break even (rip-off). I found it cheaper to just buy common slabbed/graded silver eagles rather than pay for the outrageous mark-ups.

 

Thanks for that info. I knew dealers charge a premium but when it comes to liquidating I suspected they bend sellers over. Good information if I ever decide to sell them to a dealer.

 

These are NGC photos. The coin has a beautiful, pristine surface without any blemishes or toning. The gold coloration is a reflection of the photographing equipment and surrounding lighting.