AMERICAN EAGLE COLLECTORS...Need answers

girldly · Jul 28, 2016

19Lyds said: ↑

One of the latest Coin Worlds reported that the Government had put a halt to the sales of Silver Eagles on July 7th to the "Authorized Purchasers" because they had run low on silver planchet stock. When sales did resume on July 27th, there was a spike in sales. So much so that for the 11 days of actual silver sales by the government in July, they still sold over 5.5 million ounces. A side note to the sales in the Coin World story was an indication that silver coin and "bar" distributors were having difficulty "filling orders". This kinda tells me that the 2 ounce Privateer rounds I bought from Provident Metals "might" have been two Silver American Eagles in a prior life? Nah, that silver could have originated from Mexico or somewhere else in the World. But, are bar and round makers melting Silver Eagles to make their products? Maybe....

Is silver abundant? In 2013, according to Wikipedia, 836 Million Troy ounces of Silver was mined Worldwide.

Now, you obviously have internet access. Start using that access to do some research on "silver" and remember that Silver Eagles "were" required by law in 1985 to be produced ONLY from silver transferred from the "U.S. Strategic and Critical Materials Stock Pile" which could ONLY be replenished with silver mined within the United States. This meant that it could NOT be imported from Foreign souces such as Australia which provided much of the Stock for the Silver State Quarters. But all that changed in 2002 due to the rising demand for Silver and the continued depletion of the Strategic Stock Pile.
Read more here: http://about.ag/AmericanSilver.htm

Better yet, use your internet access to do some research on Silver and remember that when the Liberty Coin Act was passed in 1985, its intent was to make Silver and Gold available in smaller quantities to the common individual as an "investment tool". "Investment" has turned into a commodity governed by the Stock Market indexes which rise and fall according to investor interests and availabilities of those commodities.

Silver, as an investment, might possibly be a good long term (more than one year or in the case of Silver 30 years) investment as indicated by a few other posters but, in the short term (less than a year) it can be brutal AND you have to rely upon quantity to realize a profit meaning more than a single ounce.

Always remember that there are folks out there who CAN convince you that Silver is a GREAT Investment and could reach $1,000 per ounce but, their goal is to SELL you silver which in turn profits "their" investment and/or business.

As a general rule, silver in the form of coins is a terrible investment vehicle but "coins" as a collectible, can and often is a tremendously "rewarding" vehicle for personal pleasure. The most rewarding aspect of the "hobby" is the sole fact that it has a real, and tangible value. This basically means that, unlike collecting matchbooks, bottle caps, and sports cards, you can always "sell" your collection for more than its face value or at the very minimum you can "spend" your collection for its face value such as with CnClad coins.

Do some research and keep asking questions.
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You

19Lyds said: ↑

Well, on Sept 14, 2011, my subscription for 10 2011-W Silver Eagles kicked in at $60.95 per coin whyich included the $4.95 for shipping.

I would be ecstatic if I were able to sell even one for $60.95.

As a general rule, Silver and Gold Eagles DO NOT go up in value unless the market for silver and gold bullion go up in value.

As a collectible, they're great BUT never, ever, ever, expect them to increase in value from a numismatic standpoint. Anybody that does is either selling you a line of baloney or selling you one of their Eagles.

Did you make a mistake purchasing Eagle for all those years? As long as you bought them from the US Mint when PM prices were reasonable low, No.
Keep them. Hang on to them. Enjoy them. Just don't expect them to fund your retirement.
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Ok. You are wise.

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girldly · Jul 28, 2016

I wish to thank my fellow intelligent collectors for your wisdom. In a few years,
I hope to be as wise as you. It means so much to me that all of you kind members
take the time to assist a newbie. If appropriate, may I say "bless you" for responding with great information as well as links for me. This hobby, for me, is a great fit, when I have people like you to advise me. I mean it. I thank you...
Nancy aka girldly.

girldly · Jul 28, 2016

Conder101 said: ↑

All depends on the collector. Personally nothing in your list interests me so I wouldn't pay more than melt for any of them.
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Someday I will photograph my inherited collection....which I am certain you, or any collector will appreciate...at least one of dad's coins.

girldly · Jul 28, 2016

desertgem said: ↑

While true that someday silver may regain the original prices paid, it is not a cost free wait. Most people have storage costs, holders, safes or SDBoxes, theft losses, etc. Then there is the problem of relatives not knowing the material as well as you , if you die on them~ many sell to the pawn shop. Also unfortunately too many get hooked and put most of their savings into bullion, thinking ...soon, soon...and then they need money for emergencies, bills, etc, and they have to cash out for the going rate, which may be lower than now. Five-10% max of your liquid investments is the key.
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Agreed.

girldly · Jul 28, 2016

planman2014 said: ↑

You are at least winning in the YELLING competition. OOPS!!! I am GIVING YOU A run for your money.
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I did not make my letters large to yell, but to say how uninformed I am, and lack experience....sorry for the misunderstanding.

girldly · Jul 28, 2016

Sidingguy said: ↑

Its always a good investment buying silver...The prices rise and fall, but if you have the time and patience, You'll be rewarding yourself many times over with these beautiful silver coins...The 1995 W American Silver Eagle is the king of the series..Only minted to be part of a set that included the gold American Eagles, so relatively few were ever minted...If you have one of these, it is worth more than your present collection. The 2011 25th anniversary set is another example of rare American Eagles...Only 100,000 were minted and it contains 3 coins that are unique to that set...The set cost 300.00 from the mint and sold out in just a matter of hours...When they were delivered, the price from private collectors and dealers doubled or more (much more). Yet this is still a good investment! I was lucky enough to get mine from the mint before they sold out and I prize this set still. There are a few other sets that have some nice values too and are all available on Ebay and/or other auction sites..
The National Baseball Hall of Fame Silver Dollar proof from 2014, 1 oz. has gone way up in value, so that alone should tell you why your investment is a sound one...Not every coin goes up that fast, but they almost always go up...
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Those are lovely coins. I appreciate the art work.

girldly · Jul 28, 2016

ldhair said: ↑

The 95W ASE was probably one of the best modern deals ever bought from the mint.
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Will that ever happen again?

girldly · Jul 28, 2016

19Lyds said: ↑

Well, on Sept 14, 2011, my subscription for 10 2011-W Silver Eagles kicked in at $60.95 per coin whyich included the $4.95 for shipping.

I would be ecstatic if I were able to sell even one for $60.95.

As a general rule, Silver and Gold Eagles DO NOT go up in value unless the market for silver and gold bullion go up in value.

As a collectible, they're great BUT never, ever, ever, expect them to increase in value from a numismatic standpoint. Anybody that does is either selling you a line of baloney or selling you one of their Eagles.

Did you make a mistake purchasing Eagle for all those years? As long as you bought them from the US Mint when PM prices were reasonable low, No.
Keep them. Hang on to them. Enjoy them. Just don't expect them to fund your retirement.
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Thanks.

Conder101 · Jul 28, 2016

Will that ever happen again?
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Crystal ball isn't working at the moment.

TheMont · Jul 28, 2016

I'm probably showing my age, but I bought silver at $5 an ounce and gold at $350. I would say that if I sold them today I would make a tidy profit. The only problem is I'm a collector not an investor, I buy coins for their beauty and collectability so I keep collecting, and most importantly, I collect what I like.

Sometimes you get lucky, I by the uncirculated (with mint mark) coins from the mint. When I received the 2008, it turned out to be a mule, the 2008 with the reverse of 2007. Sent it to PCGS and it came back MS70, Same with the 2014 Britannia, bought that coin and being the British mint decided to go with the Lunar Series (the horse of course) bought that coin too. Turns out I got two mules, the Britannia without the denticles and the Horse with the denticles. PCGS graded both as a mule and MS70.

green18 · Jul 28, 2016

girldly said: ↑

We lost 1/3 during the crash in 07/08....The market fluctuates....it's Better now.
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Ya only lost if you sold. All of mine came back.......

girldly · Aug 7, 2016

TheMont said: ↑

I'm probably showing my age, but I bought silver at $5 an ounce and gold at $350. I would say that if I sold them today I would make a tidy profit. The only problem is I'm a collector not an investor, I buy coins for their beauty and collectability so I keep collecting, and most importantly, I collect what I like.

Sometimes you get lucky, I by the uncirculated (with mint mark) coins from the mint. When I received the 2008, it turned out to be a mule, the 2008 with the reverse of 2007. Sent it to PCGS and it came back MS70, Same with the 2014 Britannia, bought that coin and being the British mint decided to go with the Lunar Series (the horse of course) bought that coin too. Turns out I got two mules, the Britannia without the denticles and the Horse with the denticles. PCGS graded both as a mule and MS70.
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Jackpot for you! Where is my luck?

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AMERICAN EAGLE COLLECTORS...Need answers

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AMERICAN EAGLE COLLECTORS...Need answers

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