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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.)
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
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)