Recieved a number of 2006 ASEs; never done this before and have some questions.

I've been bestowed a collection of 2006 20th Anniversary American Silver Eagles, all in PCGS cases, 69 quality, mostly MS First Strikes but a few others including Proof Cameos and Reverse Prints. I don't know anything about coins and am not really interested in becoming a collector. I also know little to nothing about investing in, well, anything, let alone coins. I've spent the night scouring for information, but it's a bit overwhelming.

PCGS's listings put the set at ~$2500; with 22 pieces, the bullion value is ~$374.

How well would these coins appreciate in value, if at all? Would I be better off selling them now and investing in some other way? As these coins were gifted to me, when I do sell them what will my tax liabilities be? I have the original purchase documentation (they were significantly over-paid for). If I keep them for a while, I assume insuring them should be a priority?

Thanks a bunch!

 

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I'm not quite sure what you have there. It sounds like you have a 20th anniversary set of silver eagles in MS69 PCGS slabs. The would mean that you have all issues from 1986 through 2006. Is that what you have?

You also mention proof and a reverse proof. Could you list those individually so we have an idea of what the dates are and how many you have. Just type out whats on each of the labels.

Thanks.

 

Welcome to CoinTalk. I'm also a bit confused about what you have, how many total coins are involved, etc...

 

Sorry for being confusing; I'm confused myself.

This is what I have:

4x 899977.69 2006-P PR69 $1 20th Anniversary Reverse Proof (First Strike)
4x 89996.69 2006-W PR69DCAM $1 20th Anniversary (First Strike)
11x 89991.69 2006-W MS69 $1 20th Anniversary (First Strike)
3x 89990.69 2006-W MS69 $1 20th Anniversary

 

Those are beautiful coins. I'd hang onto them. Why not check back in 3-4 years and see what you can make? As of now, they sound like a good solid investment. I suggest storing them someplace where they won't be subjected to moisture or largely varying temperatures.

 

Unless you really need the cash, I would hang on to them as the value of silver is sure to climb for the forseeable future. The numismatic value of those isn't too shabby either.

 

The 20th Aniv set included 3 coins the reverse proof, the proof and W mint mark, a set graded at 69 like the ones you have sell on ebay from about $325.00 to 400.00 depending on company who graded them, so you have about 4 sets of first strikes which might add a little premium so maybe you could sell high 300s and have left over 10 W mint mark ms69 which sell from $50.00 to 75.00 each.