Silver Eagle Crisis.....

thegiftman2003

I'm collecting the silver eagles PCGS certified MS and PR69's. I recently read an article found at this link...

http://www.wexfordcoin.com/MktUpdates/CoinPricingTwo.htm

In this article, he states that the silver eagles are not rare, and I understand that. He says it's only a matter of time before more and more become certified and the market is saturated with them, thus causing the market price for the eagles to drop. Do you think he is accurate in this prediction? I understand his reasoning but wouldn't the only reason more and more would become certified is because there is adequate demand for them? I appreciate your thoughts on this and anything you have to say.

mercurynut

I believe his statement to be true. Just look at the mintages for each year and production technology has gotten much better so there are a lot that could be certified.

Stooge

These bullion coins are NOT rare in the least. They have ceritfied several thousand of all dates between 1986-2004. 1 date even has over 10,000 in MS69...now if you want to call something rare, just look at the 12...yes only 12 MS70 Silver eagles that exist. They would probably command over $10,000 for a single specimen...now thats rare

I have never seen one for sale, nor have I HEARD of one for sale, and only 1 resides in a registry set!

Later, Paul.

edsondl

I don't know if any of my raw SAEs in my set would go MS69, and I definately think that the none of the coins in the original "unopenned" roll that I looked at dated 2004 were worthy of an MS 69 grade.

However, as with any modern coin, there exist several million coins which will not experience any circulation and may be submitted for grading. They may be ultra gems and the by looking at the current pop reports an idea of the relative number of 69 to 70s may be estimated. If you do not spend a large amount of many on the graded coins(relative to raw), and receive enjoyment from ownership of a PCGS set of MS and PR69 coins, then do not worry about what may or may not be graded in the future.

At $25 for an PCGS MS69 eagle, there is very little downside compared to a raw eagle in another proprietary holder.

cladking

This sort of clap trap was very common back when it was written. It seemed to be
obvious truth at the time but history is already proving most of the claims to be false
and as time goes on they will all prove untrue.



<< <i>However, as with any modern coin, there exist several million coins which will not experience any circulation and may be submitted for grading. >>



Some modern do not appear in mint packaged sets and were not saved to any appre-
ciable degree. There are also some which appeared in only some of the sets and some
sets have had such high attrition that relatively few survive.

DeepCoin

SAEs certainly are all uncirculated. However, you have to have the "eye" to know what an MS69 is. So for all the ones that have been produced (millions), someone will have to buy large quantities to go through them searching for ones that might grade MS69. IMHO this is not an efficient process and the total populations will not go through the roof.

For Proof SAEs, it is a different matter. A PF69 is about 50% of all submitted. However there are far more proof 70s.

Of course this topic will set off the people who dont like moderns (ignore them due to bias), I would look to the serious modern collectors for more input on this matter.

clackamas

I sent in a roll of 1993's and half the roll went MS69.

Stooge

Potentially all SAE's in the original tubes should all grade at least MS68/69. Its a matter of how they were then stored over the years and how they were taken out of the tubes. I sent HRH a question on the Q/A board several months ago on this very subject and he said this:

"Hi Paul,

These very large silver coins seem to have planchet flaws and spots as often as not. They are small, but they are there. If you look at them with 5x magnification (as fits our "Flawless under 5 power magnification" definition of "70"), you almost always can find something "wrong."

David"

Not to mention those TV idiots that are scamming thousands and thousands of non-collectors into buying those "Painted" Silver eagles. I have a friend whose mother spent over $30.00 for 1 that came with NO BOX and she set it up-right on her book shelve so she could look at it. She got to watch the paint run on the coin due to the postural drainage and the coin turned a very ugly dark brown color. It was positivly the ugliest coin I have ever seen.

Later, Paul.