American Silver Eagles
This has to go with a previous post, where I asked you guys about bullion. You guys said it dos do not matter what bullion series I collect, but what about when I want to sell my collection. Do I want to collect with a large market, right? Should collect Silver Eagles? They have a market and I get bullion. But there're so many other options.
Always remember collect what you like. There are so many factors involved when collecting for profit. Silver American Eagles would not be my choice.
Pliny The Elder
Silver eagles are expensive to collect and do not obtain much value when you sell them, depends on silver price at the time. Collect them if you like the way they look. For silver investment, buy bullion. For collecting, by what you love to look at and hold.
Silver Eagles can only be expected to sell for spot prices - to expect more is not realistic. Why - bullion silver eagles are minted in the 10's of millions every year lately every other month. There are just too many available. This can be said for all silver bullion coins.
Silver Eagles are nice, however a friend had to sell hers and was only given bullion price of the silver.??
In my opinion the only way the average person will make money buying bullion is if the prices go way up or you invest a lot and the prices go up marginally. There are many rare bullion issues so normally you will be buying and selling on spot price. Of course there is a higher market for MS70 and PF70 pieces but your investment on the front end will be much higher. I know we have said it before but collect what you like. If the prices go up and you make a profit that is a bonus. If the prices don't go up you will still have your coins to enjoy.
I can't say this enough. I don't think anyone here will tell you what to collect. If you want to collect silver eagles such are also legal tender they have a price of one dollar. Collect them. But collect the ones you can afford. The proof 70 set is very expensive. The mint state 69 is the cheapest to collect but now the early coins with low mintage are expensive. And your talking about catching up. It's been around for thirty years now. No one can tell you the value of a set down the road. It can go up or down. There has to be something out there that caches you eye. If your still worried about value forget about it you'll never figure out what to collect. Most of us didn't start collecting because of value. We collected what we liked. What caught our eye. Most started with Penny's. Some nickels. Others bullion then there was a slow moving up to more expensive coins. Try to make friends. This way you can send messages to each other instead of writing a blog when you have a question. Collectors will tell you more in a message. Hope I helped Mike.