American Silver Eagle Coins Anyone Here Buying? ツ

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I've always wondered if the US Gov't/Mint would realign the $ identification on the Silver and Gold (and Platinum, Palladium) coins to match the actual PM market value.

Remember the old days when $1 coin was $1 dollar ?

 

Way back then, the low price option was Palladium.

 

I'm having a hard time even starting to think of all the things that would go wrong if you could circulate bullion coins at a face value higher than their metal value.

 

Ain't buyin' at these prices.

 

I'm starting to get Silver Fatigue...silver is up another $30 since I last posted...Don't know what my coins are worth anymore. I think there should be a numismatic value on all P M coins, then you can add the metal value, then you would have a better idea of the true value. what do you think?

 

These are new times with no rules...Silver at $175 by April 1. Gold at 6,000.

 

Ain't playin' fast and loose. I shall seek a new beginning elsewhere within the hobby.....

 

It's a shame that it's gotten pretty tough for somebody on a low budget to collect. Just a couple years ago somebody could put together as an example a set of Franklin half dollars for about 400 bucks. Today it will cost you $1,500

 

I worry about the young folks in this hobby. They're shut out of opportunities we had when we were younger. I practically pulled a complete set of 'Frankies' from circulation as a youth. Young folks be most resilient though......

 

Yeah, I'm starting to think that my "in my pocket at spot (or less)" that I started in 2020 is coming to an end. I could see it drying up when the wins started fading to the 40%, 35% stuff, and foreign coins. Now people (late to the game?), are bidding well up past current spot even with 15-20% premiums and taxes on top or that. So, I guess I'll be starting to assess what all I got amassed. Only got 2 ASEs that I can think of; the V75 and that super rare reverse one that came out a few years ago. They're somewhere in the heap.

 

I was just thinking of when I'd win a full book of Frankie's for $7/coin. SMH

 

I'm glad I have what I have. I can move on with no regrets.....

 

I bought a full Franklin album from someone local during one of silver's big dips, sometime in the last ten years. I paid him $200.

 

+1

 

Well, here we go again...only a few days later, after silver was $100, it's around 15% higher...people are scared that dollars are a bust. In my last coin club meeting, Morgans in Unc. were at $44at the table, I forgot my checkbook...up $ 40 in 3 weeks, Oh Lamma, what should I do?

 

Today I swapped out a 2025 ASE from my Bullion stash for s 2026.

 

Just one???

 

good idea. I have them up to 2024.

last ASE I bought spot was $79.18 on Jan 6th.
bought it with one of those 1-1/2 oz canadian coins ... wish I just bought more ASEs as the canadian wasn't as good in the hands. Next time I get to the LCS i'll be selling the canadian 1.5