Proof Silver Eagles - To Collect or Not to Collect?

Discussion in 'Coin Chat' started by cpm9ball, May 24, 2010.

?

Has your view of collecting Proof SAE's changed?

  1. I don't collect Proof SAE's, so it doesn't matter to me.

    30.0%
  2. I collect Proof SAE's, but I'm not happy that the Mint could halt production for any given year.

    35.0%
  3. I collect Proof SAE's, but it doesn't matter to me if the Mint should skip one year or another.

    15.0%
  4. I only collect Proof SAE's for their bullion value, so it doesn't matter about missing years.

    10.0%
  5. I collect Proof SAE's, but after 2009, I will not buy any more.

    0 vote(s)
    0.0%
  6. I used to collect Proof SAE's, but after 2009 I sold them.

    5.0%
  7. Yes, I think that the Mint may halt production again in the future.

    15.0%
  8. What is an SAE?

    5.0%
Multiple votes are allowed.
  1. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    When the Mint announced that they would not be producing a Proof Eagle in 2009, I sold my two complete OGP sets for a decent profit.

    Since there is no federal law that mandates the production of the proof version, how do you feel about collecting these as a series?

    Chris
     
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  3. schatzy

    schatzy ~Roosie Fanatic~

    I gave up collecting them.
    I still have lots of unc silver eagles that I bought back in 2002 & 2003 when I was in the Navy.
     
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I didn't collect the UNC's, per se, but I still have 27 of the 2006W, 2007W & 2008W with the satin finish. I think those will be worth holding onto for a while.

    Chris
     
  5. Numismatist47

    Numismatist47 New Member

    I never collected the proofs. I have bullions.
     
  6. partdopy

    partdopy Junior Member

    I have never been particularly drawn to them. That is not to say I don't have a few as bullion and they are more attractive than other forms of bullion. However, since they are NIFC the allure that draws me to coins is just not there.

    But, as everyone says here-- collect what you like, and I will do the same.
     
  7. Chris,

    Now that's a thorough poll. I have only a few proofs bought directly from the mint and focus more on the bullion issues. I am still not too happy with the halt in production though, as I was considering putting together a complete year set of the proofs. TC
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins

    I collect 'em and I'm passionate about 'em. The mint skipped '09 and there is a possibility that they'll skip '10 but that doesn't stop me from collecting them. If some are worried about the break in years that series seems to be sustaining then one should only look at the Peace Dollar series....
     
  9. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    The big difference being that the Peace Dollar was a circulating coin, and they had a little thing called a Depression that ravaged the entire country from 1929-1935.

    Chris
     
  10. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    FYI - I allowed multiple options on this poll so that voters can add an additional vote for #7 and/or #8 if they choose.

    Chris
     
  11. green18

    green18 Unknown member Sweet on Commemorative Coins

    So what? It's still a break in series......
     
  12. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    There is nothing wrong with the fact that you are an ardent collector of the Proof SAE's, and if I had intended to make this a biased poll, I would not have included all of those options.

    But, you can't compare the Proof SAE to the Peace Dollar. As I said, the Peace Dollar was intended solely as a circulating coin. Production was halted during the Depression because most people were lucky to have a job that paid $5-$10 a week.

    The Proof SAE was halted on a whim of the government. Sure, the price of silver was going back up again and the government was claiming they had a shortage, but they could have just as easily cut back production of uncirculated "green monsters" and used that bullion to produce the proof version.

    Chris
     
  13. green18

    green18 Unknown member Sweet on Commemorative Coins

    Chris, were're talking about collectors pieces here. I'm a collector. I care not why a particular series is interupted or stopped and more importantly, I care not for what reason. The point is, I'm not going to "dump" my collection of a particular series just because there is an interuption in production...
     
  14. Lugia

    Lugia ye olde UScoin enthusiast

    i marked 1 & 7. i dont collect them but i did see a dealer with a dozen or so well toned ones. they werent exactly the first thing id buy considering the other coins he had but definately something to consider down the road.
     
  15. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    .......and no one is suggesting that you should. This is merely a survey to see what everyone is doing.

    Chris
     
  16. green18

    green18 Unknown member Sweet on Commemorative Coins

    And I respect that.....Boston trashed the Rays tonite.....:smile
     
  17. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I don't keep up with hockey. Who is going to win the NBA? Celtics or Lakers?

    Chris
     
  18. ldhair

    ldhair Clean Supporter

    The whole deal really ticks me off. I have bought one of every proof from the mint, from the start of the program. I understand the legal mess the mint is dealing with but can't help but think they could have found a way to still make it happen. I may stop collecting them this year.

    This all makes me think of the 95W. Many quit in 95 because it would cost $1000 to keep the set complete.
     
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