Silver eagle's PROOF'S OR NOT ?

Hello I have a question : I am now collecting all the proof silver eagle's ( I have completed the none proof's collection 1986-2015) I am wanting your feedback !

Is this a good investment ???

 

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Probably not.

 

So is it better to collect common over rare ?

 

Its better to collect coins because you like them. Don't consider them as an investment.

 

Rare will almost always outperform common, in terms of collectibles. However, proof eagles are definitely not rare, and have little chance of appreciating beyond their silver value.

Collect what you like, whether that's common or rare. Pay a good price for it. Just don't deceive yourself into thinking its an investment.

 

You need to provide more details, do you collect them raw, graded 69, graded 70? Do you intend to purchase the 95w?

Do you want to get them to sell at higher price in x / y years or what is the situation?

 

No matter how you slice it, bullion is bullion. For many collectors, unless they are graded MS70 or PF70, the likelihood of them increasing in value is predicated on the spot price of silver.

If you look back in history, there have only been two spikes in the price of silver that neared the $50 mark. The first, about 35 years ago, was because of the Hunt brothers attempt to manipulate the market. The second, about 30 years later, was the result of economic factors.

So, you tell me! Do you think that Silver Eagles are a good investment?

Chris

 

Thank you all for the info. Sound's like I should switch gear's . Most thing's I buy I re-sale or trade at some point so I really need the item's to AT LEAST hold the value.
I have done very well with the 1932-d/s Quarters in the past . Any idea's ?

 

Have you considered buying common-date, certified Morgan dollars?

Chris

 

I have thought about it . You say certified is that better than none certified ?

 

I personally think so, you won't become a millionaire, but you can easily sell them if you need the cash. I personally love the coin and I have been saving them as a hobby. Precious metals is a good thing.

 

Only thing that bothers me about common Morgans is that it's only worth the silver content & that's almost bullion !

Am I wrong ?

 

Certified Morgan dollars are always better, even for common dates. There are too many people who are suspicious of counterfeit coins, and their attitude is usually, "Why hasn't this coin been graded?"

Yes, you are wrong. I have always been able to sell MS63/64 common-date Morgan dollars for much more than melt value. Just recently, I sold about 50, and they averaged about $75 each on eBay.

Chris

 

Okay now that make's since to me MS63 or better is what I should be looking for & it doesn't matter a year just only buy high grade ?

 

While I collect the proofs, the price I need to pay to complete the set (run) will more likely cost me more, and swallow any appreciation I could have realized, had I bought them early on and when the mint was first releasing them. The investment factor (while in the back of my mind) never dissuades me from buying what I truly like to collect though..........

 

I personally do not like Morgan dollars, but that does not take away the value of the coin. I am hooked on the American Silver Eagle. I collect bullion, proofs, burnished-uncirculated. A couple of years ago I sold extras I had and I made a profit. I am simply saying whatever is your preference can bring a profit, either way you won't become a millionaire, but it is precious metal and precious metal is worth saving.

 

I do have a hard time not taking a look at the reverse proof & the enhanced proof !

 

I just bought the 2012-s silver eagle box set & 2013-w silver eagle box set .

I paid $220 for both set's & I think I got a good deal ?

 

Try AMPEX, their prices are reasonable for proofs. The 2015 AES Proof sells for $48.95 at the US Mint, and AMPEX prices for previous years run from $51.00 to $62.00. Plus you have the confidence you are not buying counterfeit coins. In the end if you were to sell a complete set, you would make a profit.

 

I need the ones between '86 and 2000, so my wallet is going to feel the sting......