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Thread Title: American Silver Eagles
Created On Thursday August 06, 2009 4:06 PM
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bigmarty58
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Thursday August 06, 2009 4:06 PM

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My 15 year old daughter and I are interested in starting a collection of PCGS American Silver Eagle MS69 and PR69 sets. I am looking for some advice on where best to buy from.
Thank you,
Robert

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19Lyds
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Thursday August 06, 2009 4:19 PM

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You can sometimes find good deals on eBay and Teletrade.

For Teletrade, I would advise utilizing their Coin Prices search tool.

As a word of caution, be sure that whatever you buy has a good return policy as some of these coins have a tendency to develop "milk spots" which are really grade limiting. In other words, ANY MS70 or PR70 SAE with Milk Spots, is not a true MS/PR70 coin. Likewise with the lower grades.

It is totally possible, through patience and diligence, to assemble a Milk Spot free set.

Lastly, shopping at coin shops and coin shows can sometimes pay big dividends if you decide to get the coins graded yourself. PCGS has a really nice deal for the Colectors Club Memberships which currently costs $199 a year to join. For that price, you get 8 free gradings in addition to 4 free quarterly gradings frovided you have the coin or coins which are part of the quarterly promotion.

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Edited: Thursday August 06, 2009 at 4:19 PM by 19Lyds

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richardshipp
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Thursday August 06, 2009 4:22 PM

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It would be good to develop a sense of the varying prices by year of issue. Maybe make yourselves a budget ahead of time for each coin to be acquired. Then hunt them down with patience. Coin shops, local shows, ebay, Teletrade would be my thoughts.

Have fun!

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YaHa
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Thursday August 06, 2009 4:27 PM

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<< My 15 year old daughter and I are interested in starting a collection of PCGS American Silver Eagle MS69 and PR69 sets. I am looking for some advice on where best to buy from.
Thank you,
Robert
>>



I just sold a nice set on the BST... Check there or Teletrade. Also Ebay.. They can be very hard to get all the coins without those spots so be careful..

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lcoopie
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Thursday August 06, 2009 4:27 PM

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<< My 15 year old daughter and I are interested in starting a collection of PCGS American Silver Eagle MS69 and PR69 sets. I am looking for some advice on where best to buy from.
Thank you,
Robert
>>



to each his own,
but realize that these are considered by many
to be worth little more than melt


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Bochiman
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Thursday August 06, 2009 4:35 PM

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I've had a set of MS69 SAEs. I didn't have the milk spot issue but I did sell them largely because of it.
I decided to keep our SAE collection largely raw (save for some toned ones).

If you are serious about going this route, do some forum searching for "milk spots" and read about what people are seeing.
Nothing wrong with having some slabbed ones, but best to be aware of what you may be getting into.

Maybe you may decide to stay raw first (still no guarantee you won't get milk spots but at least the cost basis should be closer to melt, for most).


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rgCoinGuy
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Thursday August 06, 2009 4:47 PM

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<< I've had a set of MS69 SAEs. I didn't have the milk spot issue but I did sell them largely because of it.
I decided to keep our SAE collection largely raw (save for some toned ones).

If you are serious about going this route, do some forum searching for "milk spots" and read about what people are seeing.
Nothing wrong with having some slabbed ones, but best to be aware of what you may be getting into.

Maybe you may decide to stay raw first (still no guarantee you won't get milk spots but at least the cost basis should be closer to melt, for most).
>>



I agree. I like the ASE's also, and had most of the expensive ones, but the milk spot issue really got to me, and I sold them off. As he stated, search the forums. Building a set in a dansco would be fun and rewarding if this is what you want to do, and probably how I may start back up ( I am guessing they will also tone nicely in a Dansco, which hopefully may keep them from developing milk spots, but thats an assumption). I have noticed more spotted ones in slabs than out, but this is not my series and I do not claim to have looked at a huge amount of them. If you are going to collect them in slabs, at least PCGS has a guarantee and will honor it.

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Edited: Thursday August 06, 2009 at 4:48 PM by rgCoinGuy

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BECOKA
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Thursday August 06, 2009 4:49 PM

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Sold my set a year ago. All my older ones never developed spots but they developed on the newer ones and it was too much trouble replacing them and finding ones that were treated correctly to no spot.

i.e. If you do start make sure they do not have spots. You may want to seal them in airtite vegetable bags with one of those electronic sealers to avoid future spotting.

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My PCGS Showcase of Classic Head Half Eagle Varieties

Articles and How To's, I take requests too.

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lcoopie
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Thursday August 06, 2009 5:48 PM

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of course you can always buy them each year directly from the mint
there is no advantage to having them graded

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mrcommem
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Thursday August 06, 2009 5:51 PM

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If I was going to collect American silver eagles I would collect the proofs only. As is mentioned already in this thread these coins are high volume and really just bullion coins.

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Konahead
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Thursday August 06, 2009 6:11 PM

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<< I've had a set of MS69 SAEs. I didn't have the milk spot issue but I did sell them largely because of it.
I decided to keep our SAE collection largely raw (save for some toned ones).

If you are serious about going this route, do some forum searching for "milk spots" and read about what people are seeing.
Nothing wrong with having some slabbed ones, but best to be aware of what you may be getting into.

Maybe you may decide to stay raw first (still no guarantee you won't get milk spots but at least the cost basis should be closer to melt, for most).
>>



Don't be afraid of the Silver Eagles and I hope all these comments don't kill you plan. I have a full set of MS 69 and Proof 70 eagles including specials and W marks. I have over 200 eagles and "knock on wood" not one milk spot. So everyone doesn't get or see them in their area. FYI

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derryb
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Thursday August 06, 2009 6:20 PM

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If she's collecting for the pure enjoyment of it, don't worry about spotting. It tends to occur on the newer issues, and from what I have seen can occur at any time (even after grading/slabbing). Coins may very well spot after she purchases them so why worry about it. I imagine some day "spotting" will be like toning and become popular. Just think, "NS" or "AS."

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adamlaneus
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Thursday August 06, 2009 6:28 PM

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My American Silver Eagle haikus:



It's the A. S. E.
Slab it?!? It's not really a
A coin anyway.


I go raw and cheap.
A large bright coin, millions made.
I like them in bulk.

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Bochiman
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Thursday August 06, 2009 6:38 PM

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<<

<< I've had a set of MS69 SAEs. I didn't have the milk spot issue but I did sell them largely because of it.
I decided to keep our SAE collection largely raw (save for some toned ones).

If you are serious about going this route, do some forum searching for "milk spots" and read about what people are seeing.
Nothing wrong with having some slabbed ones, but best to be aware of what you may be getting into.

Maybe you may decide to stay raw first (still no guarantee you won't get milk spots but at least the cost basis should be closer to melt, for most).
>>



Don't be afraid of the Silver Eagles and I hope all these comments don't kill you plan. I have a full set of MS 69 and Proof 70 eagles including specials and W marks. I have over 200 eagles and "knock on wood" not one milk spot. So everyone doesn't get or see them in their area. FYI
>>




Like I said, I didn't have milk spots either, but the OP should at least be aware of the issue. To just ignore it is foolish.
As long as someone goes into it with their eyes open and the knowledge of what may, or may not, happen, it is ok; imho.

Imagine if your PR70 set got milk spotted...what sort of investment hit would that be? I hope it doesn't happen but, for someone just getting into these, it is best to know about it (note....I think it is a bit overhyped, in a negative way, but I do know it can happen....best to limit involvement if the funds mean something to you)

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I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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hiijacker
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Thursday August 06, 2009 7:17 PM

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If you need any PR69's PM me.

-------------------------
Buyer of 1929 FRBN Stars
Cashback from Mr. Rebates

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Robb
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Thursday August 06, 2009 7:19 PM

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I'd skip the slabbed and go the Dansco route. MS69 and PR69 aren't anything special.

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Edited: Thursday August 06, 2009 at 7:20 PM by Robb

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BECOKA
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Thursday August 06, 2009 7:22 PM

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<< I'd skip the slabbed and go the Dansco route. MS69 and PR69 aren't anything special. >>



This is a good suggestion, also the investment getting them RAW is much less therefore less risk. This will be more fun to do with kids too and the album takes much less space than a bunch of slabs.

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My PCGS Showcase of Classic Head Half Eagle Varieties

Articles and How To's, I take requests too.

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Mercfan
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Thursday August 06, 2009 7:29 PM

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<<

<< I'd skip the slabbed and go the Dansco route. MS69 and PR69 aren't anything special. >>



This is a good suggestion, also the investment getting them RAW is much less therefore less risk. This will be more fun to do with kids too and the album takes much less space than a bunch of slabs.
>>





No muss, no fuss, no worry about those pesky spots. Plus, they look great in a Dansco!



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"Coin collecting problem"? What "coin collecting problem"?

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garsmith
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Thursday August 06, 2009 7:30 PM

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<< My 15 year old daughter and I are interested in starting a collection of PCGS American Silver Eagle MS69 and PR69 sets. I am looking for some advice on where best to buy from.
Thank you,
Robert
>>



They are just a little more than a dime a dozen on eBay - try the BST's here also.

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And married again January 4th, 2007 (Church)

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19Lyds
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Thursday August 06, 2009 8:39 PM

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<<

<<

<< I'd skip the slabbed and go the Dansco route. MS69 and PR69 aren't anything special. >>



This is a good suggestion, also the investment getting them RAW is much less therefore less risk. This will be more fun to do with kids too and the album takes much less space than a bunch of slabs.
>>





No muss, no fuss, no worry about those pesky spots. Plus, they look great in a Dansco!

>>



Sorry, but I've had SAE's Milk Spot in my DANSCO so that "no fuss, no worry" is baloney. 1996 and 1998 were both heavily spotted.

Since the OP indicated "MS69 and PR69 sets." one can only assume they are refering to "graded" SAE's. DANSCO's are nice as I have one but graded coins will bring better resale, especially if they are not Milk Spotted.

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"Ladies….If a Man says he will fix it, he will! There’s no need to remind him every 6 months about it. " My eBay Listings.

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