Hello coin/bullion collectors . I am have mixed feeling's on what is a better long term investment American Silver Eagle's or Morgan dollar's ??? Please give me your feedback on this matter as I am in need of TRUE & HONEST help ! Thank you ALL at CoinTalk. Doug ( Kent wa. )
Please do not hold this against me but what is ASE's ? I have spent my life collecting US paper money & error's so I am new to coin's !
I have very recently bought the complete silver eagle collection 1986-2015 30 coin's in a dansco folder for $800 all uncirculated eagle's . And I have about a 3rd of the proof silver eagle's . I will want to trade or sell them at some point NOT NOW so I will do not want to take a loss ! Did I make a bad buy ? Doug ( Kent Wa.)
Mix your investment with both. I have Eagles and Dollars. Short term, Dollars are bad and you'll probably lose money but I'm only 22. Long term I see premiums going up even if silver stays down. Not necessarily if some of the Eagles have low mintage. Here's assuming his 30 Eagles include every year since 1986 uncirculated. For 1995 and 1996 my local coin shop charges $35 - $40 UNC while I can buy common ones for around $20/$21. Eagles are different from Rounds, they hold premiums over spot even for common dates.
Eagles (ASE) are dollars, too. Unless you mean $10 pre-1933 gold eagles, or the ongoing series of American Gold Eagles (AGE) in varying denominations ($5, $10, $25, $50)...
Keep saving up and instead of buying silver little by little, you will be able to buy gold instead. You can easily amass the equivalent in silver over a period of time, and yet if you held off buying silver and bought a piece of gold, you'd have that bulk of silver's value in a compact and pretty little piece of gold instead. Besides, it will be much easier to carry on the run or hide away when the zombie apocalypse hits the fan. You might say you haven't the money and can't wait to buy gold while prices are good for silver, but you can do it if you make it your goal and take your time to acquire some. If you have a lot of silver, you can also trade it in with a dealer for the equivalent in gold. Watch the spot prices to monitor changes in the silver:gold ratio, and when it is more in your favor, try to find a dealer who is willing to trade with you to help you acquire some gold.