American Silver Eagles (Mintages vs Market Value)

Discussion in 'Bullion Investing' started by Phil Ham, Apr 20, 2014.

  1. Numiser

    Numiser Active Member

    I have noticed that while hanging out at local shops, is that they go for about half of the spot price without paperwork to back it up. Is that the norm?
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  3. Phil Ham

    Phil Ham Hamster

    You are probably speaking of the collector's version of the ASE's (proof's, reverse proof's, etc.). You don't get a certificate with bullion ASE's. I wouldn't think that the certificate would lower the value by half. It is obvious from the mint marks, condition, etc. of a collector's ASE to assess its authenticity. I not aware of a huge Chinese rip-off market for the collector's ASE's.
    LA_Geezer likes this.
  4. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    ohh the Chinese will clone or doop. anything popular to make a buck$$
  5. Phil Ham

    Phil Ham Hamster

    If they can fake the coin, they can fake the certificate of authenticity. I've been to China, they are quite clever.
    LA_Geezer likes this.
  6. Numiser

    Numiser Active Member

    No they were the same ASE's I have in my collection. My guess is if you look shady and don't have a receipt or proof of purchase you're going to get half of spot at some shops.
  7. LA_Geezer

    LA_Geezer Well-Known Member

    Actually there are thousands, maybe even tens of thousands of them and more every year.
  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    An ASE is worth 1 OZ in Silver, just like the AGE is worth 1 OZ of Gold
    Lesser coins minted per year does add in to rareity however value ?
    And dont get me started about grading bullion...LOL
  9. Adam mark

    Adam mark New Member

    The way Iook at it, melt price for silver is around 15 to 16 bucks. Just because the mint formed them into pretty looking coins means nothing in upgraded condition. Sure you can pay to have them graded, ms69, 68 or worse and pay more than the coins worth. Bottom line when buying raw silver bullion, take the going rate for raw, add an additional five bucks for their trouble and call it a done deal. If you want to be nice add six bucks provided they'll sell 10 coins or more period. Hey, it ain't your fault they bought in 1996 when silver was out the roof. Believe me there are plenty of people willing to do one stop shopping for cash and move on to a better investment.
  10. Brian Calvert

    Brian Calvert Active Member

    Thanks for keeping the thread going, I did not know of the thread. Good to look at the data. Looks like 2017s, 2018s, and maybe even this years ASE will carry a premium in 10 years due to lower mintage. Been buying during this time, 20 @ a time, whatever the cost at the local. and storing away.
  11. LA_Geezer

    LA_Geezer Well-Known Member

    Just a short part of the Money Metals Exchange email from yesterday:

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