I love American Silver Eagles. Since my coin collecting started in January this year I have gone bonkers over circulated coins (jeffersons in particular) but in February my wifes grandfather gave our new born son a birth gift (2008-W) ASE. Ever since then I have been on the hunt buying up any and all silver eagles that were fairly priced. I buy these for the beauty not the silver. But for investment purposes will the westpoint minted ASE bring a beter value in future years to come? Your thoughts on this? Also will proofs?
The are pretty. Classic Walkers. Ohhhh to have only been a US mint subscriber in 1995. The 1995 W is quite a prize. Don't ya think ???
Yeah I guess so, since you mentioned it I looked it up on e bay and there was one for 20K. Deeper than my pockets!
Hi Coinguy. Well all 2007 ASE were minted at West Point. However 2007 was a transitional year for the ASE the reverse changed in 2008. You can see this in the "U" in United on the reverse. There is a small tag (seriff) at the bottom. A rarity is the 2008 ASE with a 2007 reverse, now that is something worth having. Here are 2 examples my 2007 and a 2010 for comparison. You can see the U*.
Yes it is quite a prize. But an expensive prize even back in 1995. I was a subscriber in 1995. Have been a subscriber since the early 70's. When the 1995-W SAE Proof came up it was part of the 10th Anniversary Eagle Set which included one each of the current gold coin offerings and the single Silver Eagle for $999. A little over 32,000 sets were sold. However, since the set was comprised of mainly coins I didn't collect (i.e. gold), I passed on it as $1,000 was a lot of money back then. Gold was around $425 an ounce if even that and the real popularity in this particular Silver Eagle didn't come about till around the early 2000's. To this day, I don't regret NOT purchasing that set. As for the relative prices, these can be had for around 3 grand give or take as the only really big ticket coin is the PR70DCAM and PCGS only has 2 at that grade. The bulk of them are PR69DCAM's with some going as low as PR62DCAM. Prices in the PR62DCAM to PR69DCAM range are all within a $100 of each other. BTW I didn't purchase any of the 2001 Silver Buffalo's for $30 either and I don't really regret that either. What I DO REGRET, is in ordering only two lots of 4 2008-W Silver Eagles instead of a single lot of 100 since 3 of the 4 in the first were the Reverse of 07! A subsequent order of 4 produced another 4! Had I ordered a single lot of 100, I'd have gotten overnight delivery for $4.95 instead of paying the $17.95 for the first 4 AND I'd have scored a literal butt load of 2008 Rev of 07 coins for only $25.95 each! Now that, I regret! Had I ordered 100 and simply extended myself, it would have paid for itself within a week and I'd of had no regrets. For the OP, from a numismatic standpoint, the SAE coins have little true investment value other than the relative price of Silver but yes, they are fun to collect. Just try not to get sucked into any investment hype or you might end up regreting it. Instead, collect what you can and when you can.
Since 2001, all Silver Eagles have been minted at the West Point Mint and Star Grading Service (SGS) will slab ANY silver eagle as a W Mint coin whether it has a mintmark or not. The MM existance is so noted on the slab.
