American Silver Eagle p w s

I would exercise some due diligence before buying ANY coins from Coin Vault.

 

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If that's the only place that has what the person is looking for, what choice does he have? I haven't bought much from them, but it was what they advertized and it arrived in a timely manner. You just have to watch what you buy, most coins are overpriced, but what TV Coin Show isn't?

 

YOU WOULD BE PAYING TOO MUCH IMHO!

 

Pinehurst Coin Exchange

 

Pass him down a 55/55 Doubled Die Lincoln. It'll have more value and w-a-a-y more meaning to the numismatic community.

IMO, Silver Eagles in ANY grade are a fool's errand since MS/PR70 are a dime a dozen and MS69 is right up there as well.

ANY, money sunk into an MS/PR70 is subject to change and devaluation due to storage techniques and the fact that, after grading, they can and often do develop unsightly milk spots even under the best circumstances.

Their value in "today's" market is limited to gimmick's and special labels with pseudo signatures in an attempt to add value. Those particular coins are also subject to devaluation. Just look at the Lance Armstrong coins.

Nah, if you really want to leave your children something then leave them "something" which has been around for a long time and which is guaranteed to have value when and if they receive them. SIlver Eagles are, IMOA, not a very good inheritance.

 

Thanks

 

19lys makes good points, but you should also know that Silver Eagles are widely collected. The most common method is the same as any other coin collection, you try to have a MS69 of every American Silver Eagle made since 1986 through 2017 and then every year you just add the new Silver Eagle to the collecttion. Currently a 32 coin collection (1986-2017) goes for about $2,000. You can find it for less, that's a ballpark figure.

I have a set graded by NGC and one graded by PCGS and one will go to my son and the other to my daughter. Both know this and are excited to get the sets someday and both are planning on continuing the sets. I including the assumed ones made in San Fransisco and the burnished American Silver Eagles in the sets so they are larger than 32. I'm adding the just released 2016 and 2017 W, P, & S Silver Eagles that were recently determined by the Monster box serial numbers to the sets.

I'm not wealthy, but this way I can leave my hobby to my children and it's something they can continue.

 

define good price, please? MS-70's usually go for $60 and up most places I've seen. Used to be $50 and up. I've only chosen the BU Frosty Whites, MS-68's or so. Philidelphia mints, "Regular Issues" are fairly common, and it's all I strive to collect. I have a set ungraded in Air-Tite Kointainers / coin holders from 1986 to 2017 (no mint marks) of course. Best guess was $1100 for a full set last figures.

 

The vast majority of the regular Bullion, the Burnished uncirculated, and the Proof American Silver Eagles are made at West Point. Philadelphia used to make the Proof Silver Eagles, but that ended in 2000 and West Point has made them since 2001. The only exceptions are some of the Silver Eagles in the Anniversary Sets.

 

Not so sure on that TheMont. The regular bullion has been struck at both San Francisco and West Point since 2011. Although no mint mark, the sealed monster boxes do denote which mint they were struck at. And now come to find out even Philly was in on the act, starting in 2015. I too have a set of MS69. But I also have the coins from the different mints starting in 2011. I also have the complete set of PF69, a BU set in air-tites, all of the proofs in original packaging, all of the burnished in original packaging. Also have the anniversary sets from 2006, 2011, 2012 and 2013, both in the ogp and a graded set of each. Just missing the 1995-W and 2008 reverse of 2007.

I get tired of people bashing ASE collectors all the time. Yes, I know it is intended as bullion. So what. I enjoy the crap out of it. And my grandkids will enjoy it some day too. And to be honest, I enjoy the liquidity of them. I'd much rather try and sell (5) sets of $1500 coins than a single $7500 coin. But to each their own.

 

Unless your son has expressed an interest in ASEs, you might consider alternatives with a bit more history. You can buy certified mint state Morgan dollars that are more than 100 years old for less than $150. Or if you like the walking liberty design, you can buy certified mint state walker halves for less than $150. If you are 70 years old or older, you could buy one of the latter that was minted in your birth year.

I have nothing against collecting modern coins (I have a few), but there are very nice older coins that aren't terribly expensive.

Cal

 

The vast majority of American Silver Eagles are made at West Point, because the bullion comes out at the beginning of the year, San Fransisco, and apparently in 2015, Phiadelphia have helped make the bullion coins to meet the initial beginning of the year demand. In 2015 only around 70,000 of the coins were made in Philadelphia (determined by the Freedom of Information Act request made by NGC and Coin World) that's why they are selling for over $500 each. Currently you can get a set of bullion ASE coins from all three mints for the years 2016 and 2017 from several different companies, at around $150 for the three, again determined by the serial numbers on the monster boxes of 500. Keep in mind millions of the the ASE were made and the vast majority come out of West Point. The burnished uncirculated and the Prooof ASEs (since 2001) are also made at West Point.

I've been saving them since the beginning, raw in a two Dansco Albums and graded MS69 by NGC. Two years ago a club member offered to sell me his PCGS graded set, in MS69 for a very attractive price. I have a grown daughter and son with children of their own and they have indicated that they would like to someday get the sets from me and continue to update them as the new ones come out. I will give a raw set and a graded set to each of them when I feel the time is right. They hope to make the sets a legacy set and pass the sets on to their children someday. I also enjoy collecting them, they are reasonably priced and fit into my collecting budget. I've always believed that a person should collect what they like and not what someone else tells them to collect.

 

No mint mark coin? $500? Mint of origin determined by a serial # on an monster box? Just a humble opinion, and in no way meant to sway anyone's collecting proclivity, but that is (for lack of a better word ) danged stupid.

 

Gonna end up being the actual rarest ASE for a while, half those boxes if not more have probably already been opened and lost being untrackable. We've done this before, if someone believes in the (S)/(W) then the (P) has super value as well.

Personally I do think they are different without a mint mark or not, if the West Point circulation Cents/Quarters could be identified people would go crazy for them even though they don't have a mark.

 

Don't get me wrong.......if there was a way to determine an 'no mint mark' ASE based upon an design element, I'd be all for it but the truth of the matter is these coins are totally indistinguishable.........they all look the same. And not to get on the TPG's, but how easy might it be to just lie? Blind faith on our part. Mom was from Missouri so ya got to show me, and the best way to do that is to have the mark on the coin.

 

The Green Monster Boxes from 2011 to 2014 had a strap that keep them closed. If the ASEs were from West Point the strap said West Point on it, if the box was from San Francisco it said San Fransisco. So there wass a pretty good way to back up were the Bullion ASEs were made. For 2015 to 2017 they went by the serial numbers on the box. Each mint used a unique set of serial numbers as revealed by the Feedom of Information Act I mentioned earlier.

I don't have the 1994-W Proof Silver Eagle from the 10th Anniversary Set, it goes for $4,000 to $5,000 in PR69 and I haven't been able to talk myself into buying the 2015 Philadelphia one for the $500 asking price.

 

Maybe, maybe not. A ton of Vams all look the same to me. Until the (P) the (S) and (W) carried the same small premiums. Maybe someone puts in the study time now to figure it out but who knows.

Mint sealed boxes only. Only exception I have seen was supposed by ANACS according to HSN who opened a box on air.

 

On March 25, 2017 the Mint issued a letter stating that the info regarding the serial numbers on the boxes (being used to establish the location the Eagle was struck), is in error.
The United States Mint statement follows:
"By way of background, while most American Eagle silver bullion coins have been minted at the West Point Mint, to meet demand the United States Mint (Mint) has sometimes produced these coins at the Philadelphia and San Francisco Mint facilities.
It is important to note that the Mint offers bullion coins through Authorized Purchasers to provide investors the opportunity to acquire precious metal coins at a slight premium to spot market prices. As such, all Mint silver bullion coins are, by their very nature, homogeneous. None of these coins bears a mint mark designating the facility where it was produced. The Mint’s goal is to ensure that the American Eagle silver bullion coins struck at any of these three facilities are identical and indistinguishable from one another.
On March 20, 2017, in response to a request made pursuant to the Freedom of Information Act, the Mint released internal manufacturing tracking numbers used on the boxes that contain American Eagle silver bullion coins that are shipped to Authorized Purchasers. It has come to the Mint’s attention that some of the information that was released on March 20 was erroneous.
The erroneous information released on March 20, as well as confusion surrounding the Mint’s use of internal manufacturing tracking numbers — specifically those connected with American Eagle silver bullion coins — has resulted in a mistaken belief that some of these coins are rarities.
The internal manufacturing tracking numbers on these boxes support the Mint’s quality control program and were not intended for the public to rely on to establish which Mint facility produced the silver bullion coins.
The Mint will provide new information regarding these coins by the end of June."

A real problem for anyone who purchased the "P" 2015 very rare Eagle, etc.

 

Don't forget about the ASE proofs if you're thinking about something neat to hand down to your son. Just a suggestion.

 

Lots of mint mark-less collectors are feeling rather crumby at the moment.......