Question by Jim Friel: Does cleaning bullion silver coins degrade their value?
I was curious to know if cleaning bullion silver such as the American Eagle and Canadian silver dollars lowers the value of the coins. I know on other older coins cleaning them drops their value considerably.

Thank you.

Best answer:

Answer by curtisports2
It does. You would think that nobody would care, because bullion is bullion. But the fact is that bullion coins like the Eagles and Maple Leafs sell for a slight to large premium over spot market prices, depending on the year. For example, the 1996 Eagles saw the lowest production of any year in the series, just 3.6 million bullion coins (non-proof), compared to over 30 million in 2009 and 20 million in 2008. Cleaning a 1996 turns it into a coin that a collector won't want, and a bullion investor will pay no premium at all for, in fact, offer below spot for.

What do you think? Answer below!
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Originally posted 2010-12-20 05:16:41. Republished by Blog Post Promoter

Question by Connie: do 2009 west point american silver eagles have mint mark?

Best answer:

Answer by Kyoo Sook J
Yes, it is a capital 'w'. It should be on the Reverse on the bottom left of the Eagle, directly below the olive branch, above the letter 'e' of the word 'fine'

Its not on the front so don't bother looking there

The image is found at

http://coins.thefuntimesguide.com/images/blogs/American-Silver-Eagle-proof-reverse-photo-public-domain-on-Wikimedia.jpg

The west point mint opened on july 29, 1974

P.S Even thought i am i coin collector i did not know this, but now i do!

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[wprebay kw="american+silver+eagles" num="33" ebcat="11116"]
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Originally posted 2010-12-17 20:38:33. Republished by Blog Post Promoter

Question by woodson532003: What is the best way to store American Eagle silver coins?

Best answer:

Answer by BD in NM
There are several good options. The key is to make sure whatever you use is inert and PVC free. The ANA store and Amos Supplies both have PVC free Safeflips which are fairly inexpensive and convenient. Airtight holders are a little more expensive but provide a pretty secure holder for your coins. If the coins are high end pieces you might consider getting the slabbed by one the major grading services such as PCGS, NGC or ANACS.

Your local coin dealer would most of the basic supplies otherwise just do a search on line for numismatic supplies.

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Originally posted 2010-12-29 12:37:50. Republished by Blog Post Promoter

Question by Julie: what is an American Eagle silver dollar coin worth?
It's A 1903 American Eagle fine silver dollar. With a walking liberty and a sun on the bottom. The eagle on the back has open wings and 13 stars above its head and below the tailfeather on the right hand side it appears to have an "m"
Well then maybe it's a fake then, because it clearly says 1903 I can even take a picture of it but can't post it on here

Best answer:

Answer by Ramuni Rasputin
Butt secs. Or dead eagle.

Give your answer to this question below!
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Originally posted 2010-10-29 20:38:04. Republished by Blog Post Promoter

Question by Rob: Is Tulving a reputable company to buy American Silver Eagles from? I don't want to buy 00 worth of lead!?
APMEX sounds like a pretty good deal too (1721.95 for 100 oz) and haven't seen anything on eBay that can beat it yet. Or if you have any other info, it would be greatly appreciated! Thanks!

Best answer:

Answer by I. B. Zoxx
About the only thing I can say about Tulving is that they have been around for a long time (at least since 1992). I've never done business with them, so I can't say how good they are.
Kitco has silver Maple Leafs but not Eagles. Maples are at .24 each.
See the link below for more:

https://online.kitco.com/bullion/completelist.html

What I am doing is buying Mexican Libertad onzas in Tijuana. Here is a link to the bank I'm dealing with:

http://www.bancoazteca.com.mx/PortalBancoAzteca/medios/plataLibertad.do

Bear in mind that paying in pesos is to your advantage, and I can nearly always get a 2 - 3% better peso rate elsewhere.

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Originally posted 2010-09-30 17:33:14. Republished by Blog Post Promoter

Question by Mr.Ed: Where do dealers get a Green Monster Box of Silver American Eagles from?
From the mint?? Could someone give me the info, or post a link. thanks.

Best answer:

Answer by Taiping
The mint requires that the dealers who buy there uncirculated silver eagles, not the proofs or the ones now with satin finishes, to buy so much at a time and so much per year. They are basically bullion dealers. Your local coin dealer may know of one, or may not, for they do not buy that many and may get them from even someone else. The reason the value of the silver eagles are so much more than the silver in them is there are too many middlemen. You can try the mint they may give you a name or all of them, there is no secret but most people don't care, for they can not afford a case of eagles. You can also try answerman2@aol.com he answers questions for the magazine Numismatic News a weekly.

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Originally posted 2010-07-14 09:05:56. Republished by Blog Post Promoter

Question by Barkley Hound: How can I keep track of the current value of Gold/Silver American Eagles?
Most web sites that track American Eagle prices give the selling price. To keep track of my investment I need to know the buying price. The price I could get if the coins were sold. Is there a site that gives updated daily prices for both buy and sell?
I will probably just stay with the bid/ask price of gold and silver and not worry about the coin premium.

Best answer:

Answer by Daniel S
its hard to say. since there are so few gold coins actually circulating it is hard to put a price tag on them because you could get some VERY different prices depending on who buys. If you sell to a pawn shop or some site like cash4gold.com you are going to get pennies on the dollar in terms of worth but if you sell to someone who doesn't really understand what he's buying you could get spot price or higher for them. So its impossible to get a perfect fair value.

its been a while since I have dealt with these, the following assumes that they are one ounce coins and sell new for aprox over spot.
that said a reasonable estimate might be to take the current gold spot price which you can find at http://kitco.com/market/ subtract 2.5% (if you are optimistic) 5% if you are pessimistic and multiply by the number of coins you have.

Know better? Leave your own answer in the comments!
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Originally posted 2010-08-13 20:58:16. Republished by Blog Post Promoter

Question by Beachboy: What is the best year to purchase a American Silver Eagle?
Lately I have been very interested in investing in silver. Gold seems like its way to pricey for just one ounce, but silver seems like its perfect, especially for the "average joe." Although, I am not completely sure what the difference between bullion silver and numismatic silver. I purchased a very pristine looking 1883-0 Morgan Silver dollar the other day. Doing my research I believe this would fit into the category of a numismatic coin due to how it looks, when it was made and i'm sure of a whole lot of other stuff. Correct me if i'm wrong but i'm pretty sure it has 90% silver as well. Now if I want to be an investor in silver, would buying an American Silver Eagle, or other silver coins be best because they contain 99.9993% silver? I would think so, what do you think??

For a new silver investor, what would be specific silver that I could invest in without having to worry if it would ever be seized like what happened with fort knox??

Also, if buying coins like an American Silver Eagle, what would be the best year to purchase it at?

As much info you can provide would be greatly appreciated!!

Best answer:

Answer by Scott Stevenson
You are absolutely right--the Morgan dollar (and essentially all our silver coins made before 1965) is 90% silver.

If you're looking to buy ASE's just for their silver value, then you'd want to stay away from the proofs, which are prettier, but carry a premium, and a couple of years that have a numismatic premium on them. I've got a link at the bottom that should take you to a page by PCGS that shows the expected prices for coins that they've certified. Since silver is about .50/ounce today, you'd want ones that are around to bucks, which allows for the dealer to make a little profit. Anything more than that, and you're no longer buying for just the silver.

An alternative to buying ASE's would be to look at "junk silver"; pre-1965 silver coins that don't have any numismatic premium attached to them. You typically buy them by face value, and figure about .75 ounces of silver per dollar face value. Once nice thing is that while they don't have any numismatic value, you often get an interesting mix of coins, maybe even some of the Barber coinage from the turn of the 20th century. If you're worried about confiscation, you can always buy a couple of folders, and make it look like a coin collection.

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Originally posted 2011-02-22 09:16:06. Republished by Blog Post Promoter

Question by mxh5891: What countries offer a silver bullion coin?
I know the US and canada do. What other countries have a silver bullion coin and what is it called.

Not interested in American silver eagles or Canadian silver maple leafs.

Best answer:

Answer by steentheween
antarctica...and stop looking at coins, you're wasting my time

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Originally posted 2010-10-01 20:38:04. Republished by Blog Post Promoter

Question by doc4life29: Why are my silver eagle coins browning on the edges on both sides?
Just bought some. When I got them they were real nice silver. In just a few minutes one started to brown on the front near the sides. What happened and is there anything I can do to unbrown the coin?

Best answer:

Answer by Deric T
if you bought the coins uncirculated then the oils from your hand or the materials that you might have used to protect the coins would have caused this. Do not worry; in fact, sometimes this browning effect can prove that the coins have been uncirculated. However, if you do not want the browning to be on the coins the www.littletoncoin.com has cleaning solutions. If you bought the coins as proofs, you should send them back and next time do not touch them; they are very valuable.

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Originally posted 2010-11-11 18:03:51. Republished by Blog Post Promoter