Are American Silver Eagles an Ok Investment?
Posted by silver_monster in Silver Eagle FAQ, tags: American, Eagles, investment, silverQuestion by Chi L: Are american silver eagles an ok investment?
Are american silver eagles an ok investment? I also like the idea of collecting coins so are there any old silver coins that wouldn't run too much above the spot price of silver?
Best answer:
Answer by BenGraham
The worst investment is anything Cash. Since the silver eagle coin is cash, it does not make for a good investment.
What do you think? Answer below!
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[wprebay kw="american+silver+eagles" num="1" ebcat="11116"]
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Originally posted 2010-07-26 04:49:45. Republished by Blog Post Promoter
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You will pay over double spot for these Eagles. So no, I don’t think they are that great an investment.
I collect Morgan (silver) dollars. These will run you 20 – 40 dollars for the more common ones. And 50 – 500 for scarcer coins. You could probably get Peace dollars somewhat cheaper than this. Maybe 20 – 30 dollars each.
Silver is NOT an “investment”, it is a hobby or nice jewelry; an “investment” would grow in value, silver has done nothing but decline in actual value for over 600 years!
http://www.sharelynx.com/chartsfixed/600yearsilver.gif