Mint Sealed Silver Eagles-Would you open them?

Discussion in 'Coin Chat' started by Eric the Red, May 21, 2021.

  1. Eric the Red

    Eric the Red Exploring the World of Coins Supporter

    Hello again my friends. Today's topic of discusion is "To open or not to open ?" that is the question.

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    Starting last year in 2020 I decided to buy at least 1 Mint Sealed stack of American Silver Eagles per year moving forward. I do purchase other Eagles each year that are not mint sealed. But make an extra effort to by at least 1 mint sealed stack. Since I already have the 2020 and 2021 sealed tubes I just pre ordered the new 2021 Type 2 ASE. Yes the price and premiums are outrageous but I ordered them anyway as painful as it was ;)

    Mint sealed anything is awesome in my book. I must admit I do I have a problem with opening anything that is Mint sealed. In fact the weird thing is I only buy them to never open them lol Crazy I know, it's kind of like the package in the movie Castaway with Tom Hanks. With the sealed tube you don't know whats inside in regards to error coins. It's like an unsolved mystery tormenting me, but for some reason I like it:)

    So fess up. Would you open them?
    Yes, No, Maybe?
    How long would you last?

    Cheers!

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  3. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Not unless if you need to sell a few besides that I would let them be.
     
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  4. PamR

    PamR You Never Know! Supporter

    :nailbiting::nailbiting:
    :nailbiting::nailbiting:
    :nailbiting::nailbiting:
    Gosh!!! For me I would want to know...:nailbiting::nailbiting::nailbiting:lol!
     
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  5. derkerlegand

    derkerlegand Well-Known Member

    Why open them?
     
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  6. PamR

    PamR You Never Know! Supporter

    Awesome buy by the way!
     
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  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I wouldn't. For no other reason than to avoid fingerprints and potential damage. If you want an ASE to fondle (and I totally get it).... Run down to your LCS and pick one up.
     
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  8. Eric the Red

    Eric the Red Exploring the World of Coins Supporter

    Type 2 ASE 2 month wait until delivery :(
    What do you all think about the Type 2 new reverse design? To be honest I won't know how I really feel until it's in my hands. I ordered a couple raw coins too so I can handle them.

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  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    Ask yourself Why do I buy these?

    If you want to handle them, go to your local LCS and buy some so you can act like Scrooge McDuck.

    if you bought them to try and find some high grade ones to slab and sell at a profit, good luck.

    I can tell from your opening statement that you bought them to enjoyed them sealed so leave them that way.
     
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  10. Eric the Red

    Eric the Red Exploring the World of Coins Supporter

    For the record I could never bring myself to open any of them I only buy them to squirrel them away like a time capsule :)
     
  11. Eric the Red

    Eric the Red Exploring the World of Coins Supporter

    I really like the honest answers in regards to what others would do.:)
     
  12. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Paying a premium for a lousy plastic tube is like paying a premium for a First Strike insert.
     
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  13. John Burgess

    John Burgess Well-Known Member

    they don't come like this from the mint, meaning this is a marketing gimmick also. inside the monster box are those tubes no tape, no labels, no plastic wrap, just the stopper type cap. they are adding the label and plastic wrap sealing each tube, but your guess is as good as mine if they actually blindly grab a tube and never open it, or if they search them first for the nicest examples make up the rest of the tube and package it. the item description seems like they want you to believe it's unsearched, not sure how true that is though.

    my opinion, you're paying an additional $47 for a sticker and plastic wrap. it's like 40 cents cheaper to buy 20 silver eagles and they'll likely send them in the tube for ease of packaging anyways. but the 40 cents difference over 20 coins, I don't mind, it's that extra $47 for the sticker and plastic wrap I have a problem with, but that's me. it's one more silver eagle roughly.

    I am curious to find out if JM bullion will pay more for them like this if you tried to sell them back unopened, like $47 dollars more, than they would pay for the normal tube without the plastic wrap and sticker?

    so would I open them? An answer to the above question would be my determining factor on it. if they'd give me the $47 back for leaving it unopened when I sell it back to them, I'd keep it sealed, otherwise I'd open them and likely not buy them in that format again and just buy 21 silver eagles.
     
    Last edited: May 21, 2021
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  14. -jeffB

    -jeffB Greshams LEO Supporter

    I'll take naturalistic over heraldic every day of the week, sight unseen. But that's just me.
     
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  15. JeffC

    JeffC Go explore something and think a happy thought!

    Wonder why they dispensed with the arrows. Symbolically, I mean.
     
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  16. Eric the Red

    Eric the Red Exploring the World of Coins Supporter

    I concur but the first strikes and sealed tubes typically sell at higher price tags so the premiums are just passed on to the purchaser and not absorbed as a loss.
     
  17. Eric the Red

    Eric the Red Exploring the World of Coins Supporter

    When reselling them. That is.
     
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  18. CoinJockey73

    CoinJockey73 Well-Known Member

    I admire you. I know myself too well. You really DO have your hands in a bunch of things. You and me better never hang out, lol.
     
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  19. Eric the Red

    Eric the Red Exploring the World of Coins Supporter

    You are correct about the mint sealed aspect. I purchase these from a Collector's standpoint to leave them sealed. They are however allegedly
    unsearched by the bullion dealers who sell them and sealed as such. I trust JMB but who knows:) I purchase quite a few Eagles per year for stacking, albums, collecting etc.
     
    John Burgess likes this.
  20. PamR

    PamR You Never Know! Supporter

    :droid:
    There is your answer. The State coins and some others my mom had bought for my son in his growing years, never been opened. He is 23 now and well they are still where I put them years ago. He was grandma’s eyes, so hey, there may be something waiting for my son when he is ready to open. :angelic:
     
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  21. Eric the Red

    Eric the Red Exploring the World of Coins Supporter

    I was thinking the same thing in regards to my son:)
    But he would probably not open them or would he? :)
     
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