What happens to certified American Eagle Proof values if a precious metal drops 50%?

mikebombs

Hypothetical question, what would happen?

Knock on wood right now!!!!! For real do it now.

Should I stop working on a complete set or Na, never happen?

thank you because i was wondering that recent value’s are just that, recent.

ER

Your guess is as good as anybody else's.

ychange

a halving of the price of silver would knock about $3.50 off the price per silver eagle. since the "bullion" buyers are paying a $1-$1.50 premium per oz., no matter what the going silver price, ASE's as bullion would go to about $4.50-$5 per with a 50% drop in spot silver prices. they would be affected the most on such a drop, 35%-40% slide in price.

on slabbed ASE MS69+/PR67+ that $3.50-$4 slide in bullion price would only mean a few percent to 15% tops off the prices.

as for 1 oz. gold eagles, since the grade premium isn't so great a percentage over the bullion price (as with 'high grade' silver bullion), a halving of gold prices would whack all 1oz. AGEs for over $200 each. so unless you are making MS69/70 or PR69/70DC $50 pieces, they'll pretty much be bullion + small/medium premium.

looking over the PCGS price guide for the AGEs (not sure how close to real world numbers these are now), oddly enough, higher grade half ounce gold pieces might hold their value the best if spot prices were to fall hard.

all that said,... it'll never happen. gold and silver prices, even if they returned to their decade long lows of a couple years ago, wouldn't be 50% off from here. as it is, i'd be more concerned about higher grade pieces *not* gaining in value as fast as bullion rises, the grade premium being deflated as all bullion rose no matter what the grade.

Bochiman

He's asking about PROOF, not MS.

For PROOF eagles, it wouldn't likely change things too much (for the SAE).
Right now, with silver ~$6.50 and PROOF SAEs selling for ~$30 from the mint, $3 wouldn't change things much.

Same for the older ones from the 90s that are $200+ each. They aren't priced for silver content.

tlhoy

Deadhorse

It wouldn't have much effect on the proof Eagles at all. Very minimal and nothing to be concerned about.

I'm big into silver bullion, both short and long and MS Silver Eagles are the worst value out there in terms of a bullion coin.

Proofs are a different story. Even I have a full set of those complete with their mint packaging and it's for the numismatic angle. They are a beautiful work of art, but I don't own them because of precious metal content.