Silver American Eagle Proof went onsale today
tneig
Posts: 1,505 ✭✭✭
Silver American Eagle Proof went onsale today at the usmint.gov site.
Silver went up a buck, so the eagle at $59 is a buck lower right off the bat.
(depending upon how you look at things)
Except for shipping I don't know of a place where you can get them cheaper (right now).
However, I can buy previous ones at my local shop for $60. No increase in value,
and no reason to see this years run as anything especially valuable, so
is it better for me to just buy 2 generic rounds or bars instead, for the long run?
How long do these runs last at the mint, before they are sold out. Seems like a few months?
Silver went up a buck, so the eagle at $59 is a buck lower right off the bat.
(depending upon how you look at things)
Except for shipping I don't know of a place where you can get them cheaper (right now).
However, I can buy previous ones at my local shop for $60. No increase in value,
and no reason to see this years run as anything especially valuable, so
is it better for me to just buy 2 generic rounds or bars instead, for the long run?
How long do these runs last at the mint, before they are sold out. Seems like a few months?
COA
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Seems that litterally most purchases through the usmint site are inflated too much. Certainly the annual coin sets, commemoratives, even coin bags and rolls are inflated. I can get most of the older coin sets for cheap after 20+ years so not seeing to much investment potential, but continuing my set of annual proof sets is just for pleasure and ok for that single purchase. (Oh, The wife supplemented a few missing silver annual sets from govmint and I almost choked to death when she told me the $$. hah)
But on the Eagle proofs, at local shops, and ebay and craigs, I see them hold the initial $ cost (not that holding is good). So I'm still very curious and learning. Its nice to have a few shiney ones, so I limit it to that (2 on their subscription plan).
Rather buy local/cheap silver rounds/bars at spot dips for best investment potential ($1 to $1.50/spot, $3 over for eagles at the local coin shop.)
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I knew it would happen.
Box of 20
I collect them because I like them.As much as I would like to be able to buy them at spot plus 10% that will never happen.They usually sell for a premium of 90% or more.Stackwise not a great deal.You cant even get a plain SAE for less than spot plus about 30%.Many e bayers are selling them for $40 with S&H or $36 plus 2.99 s&h,and many online dealers sell plain ones for $34 with $8 s&h so with spot at $31.50 you still have to shell out about $40.
Proof silver is tough to keep in good shape in my area. (I am surprised my Mexican Aztec Calendar hasn't been affected by the humidity)