US Silver Eagles

Discussion in 'The Club House' started by cameronguyton, Oct 14, 2009.

  1. cameronguyton

    cameronguyton New Member

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    So I have recently purchased several US silver eagle dollars and all I was shocked at how beautiful these coins are. Pictures do not do any justice.

    I have other silver coins, but these would be my favorite. I will defiantly buy some more when I get a chance and can find them for a good price. Just thought I would share.
     
  2. dunerunner

    dunerunner New Member

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    Thanks...Hope you didn't pay too much over spot for them!!
     

  3. cameronguyton

    cameronguyton New Member

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    I paid around $1.75 over spot. I searched for several days before a made the purchase.

    I dealt with apmex.com. Heard several good things about them, and I'm very pleased with their service and fast shipping. Not sure if it's against forum rules to post that, if it is let me know and I will remove it.
     
  4. dunerunner

    dunerunner New Member

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    They will melt nicely and silver bullets are great for werewolf zombies!! :D
     
    Last edited: Oct 15, 2009
  5. bkt

    bkt New Member

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    Eagles are pretty coins! The place I go to locally charges significantly more than bullion price for them, though, so I buy usually generic rounds and 10-ounce bars.
     
  6. matt g

    matt g New Member Supporter

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    Can we get some pics, even if they don't do any justice? See if your camera can do macros and use plenty of light. That'll help show fine detail on the coins.
     
  7. dunerunner

    dunerunner New Member

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    Here's an opportunity to start another sub-forum!! How many of our members have even a modest coin collection?
     
  8. robocop10mm

    robocop10mm Lifetime Supporting Member Lifetime Supporter

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    I am both a coin and stamp collector. I have picked up a nice little stash of silver Eagles a couple of years ago. I agree they are beautiful coins.
     
  9. Troy Michalik

    Troy Michalik Is it Friday yet? Supporter

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    I wouldn't say that I am a "coin collector", but I do have a few 1 oz silver coins and a couple 10 oz silver bars put away for a rainy day.
     
  10. c3shooter

    c3shooter Administrator Staff Member

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    Have only collected a couple of stamps. $200 and $5 denominations. :rolleyes: But I DO like them!
     
  11. cameronguyton

    cameronguyton New Member

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    Soon as I can find my camera I will put some pics of the Eagles I've got. I'll also take some of the better Morgan and Peace Dollars I have if you want.

    I think a sub-forum of hobbies might be a good idea.
     
  12. user4

    user4 New Member

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    Used to buy them by the roll and resell them on ebay until the seller fees went too high. The make it so you can't give someone a deal. I have two Hitler stamps, and a couple Nazi reichmarks. Great conversation pieces.
     
  13. bkt

    bkt New Member

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  14. dunerunner

    dunerunner New Member

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    I'm not a numismatist so tell me how you guys are protecting your coinage. I'm talking about the Morgans, Peace, and Trade dollars, the Walker, Franklin and Kennedy silver halves, etc.
     
  15. user4

    user4 New Member

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    This is only my opinion, but the value of Morgans, Peace, and Kennedy's is mostly in their collector's status. The actual silver content is so low that you get more value out of buying Eagles. They're cheaper and purer. Also, I'm not even so sure silver will explode in the manner gold has.

    I'm still pissed that I didn't buy gold at $600 because I thought it was valued too high. Major screw up on my part. But here I am not buying god at its current rate because.... it's too high.

    Anyways, back on topic...sell everything that isn't pure and get the pure stuff. Buy a safe and bold that effer to the ground.
     
  16. dunerunner

    dunerunner New Member

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    Ineff, I agree that; as an "Investment" in precious metals, bullion coins and bars are the only way to go.

    I just wondered how members who collect protect coins that are not PCGS or mounted by some other Grading Service?
     
  17. bkt

    bkt New Member

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    Coins with numismatic value are in protective holders in volumes stored in a safe.
     
  18. bkt

    bkt New Member

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    Yes and no. The ones in good condition or with rare characteristics cost more due to their desirability by collectors rather than their intrinsic value. "Junk" silver -- pre-1964 U.S. coins that are worn and have no collector value -- are excellent to buy if you want bulk silver and they're cheaper than bullion rounds.

    They're 90% silver which isn't bad.

    Purer, yes. Cheaper, not necessarily.

    There are a couple funny facts about silver. First, there is far, far LESS silver above ground than gold - there is about four times the amount of total gold than silver. Second, silver is used in industry far more than gold, and it is heavily used in ways where the silver cannot be recovered. Of all the silver ever mined, over 90% has been used in industry. And the amount of silver the U.S. uses for industrial purposes is only around 35%...we buy the rest from other countries. There are many who firmly believe the price of silver is being artificially kept extremely low. We'll see.

    So silver has a lot of potential. It has more uses than gold and it's a lot cheaper to buy.

    I know that feeling well. The thing is, back when gold was $600 and below, I hadn't yet taken notice of the FUBARed monetary policies and corresponding skanked economy.

    Eh, I don't know. When you buy U.S. gold eagles, they're only a little more than 91% gold, but they're well worth owning. (They weigh 1.09 ounces, so you're actually getting one ounce of pure gold. There's just some silver and copper mixed in to let the coin wear well.) Canadian Maple Leafs are 99.9% -- among the purest gold you can buy in coin form.

    If you want inexpensive silver in bulk, "junk" silver pre-1964 coins is a very reasonable way to go. So are bullion rounds with no collector value, and you're at 99.9% pure silver with the rounds.

    As for the safe...do what Ineff said. Get one, bolt it down, and fill it up.
     
  19. notdku

    notdku Administrator Staff Member

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    Silver Eages are nice coins. I have several I got from family. Nice holding precious metals.
     
  20. user4

    user4 New Member

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    I should probably clarify...

    You can buy a Morgan for $20 (or more) and it is way less than an ounce and only 90% pure, or you can buy an Eagle for $25 and get 99% pure and a full ounce of it.

    BKT is correct about the Maple Leafs. I owned many of the silver leafs and they are more pure than the Eagles at 99.9%. The higher purity makes them more brittle though. But who cares?

    I did not know that little tidbit about silver. Thanks for the info!