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Silver Bald Eagle $20 Coin

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Pillar of the Community
United States
3789 Posts
 Posted 05/09/2013  9:52 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
But wait guys... I see Silvertowne say its "an exclusive" but no where does it state they commissioned it... and wouldn't they want to tell everyone about this, a feather in their cap, if that was the case?
Valued Member
United States
134 Posts
 Posted 05/09/2013  10:44 pm  Show Profile   Bookmark this reply Add mltung to your friends list Get a Link to this Reply
I don't think the RCMint would allow them to say that.

Universal Coins did not say that they commissioned the Cartier coin a couple of years back even though you can only buy it from them.

This major Canadian dealer does not have any eagles to offer. However, they told me that they would the ones coming back from the American dealer.

Silvertowne is very strong in marketing. I do not have any doubts that they would be able to sell out their coins.

So the question is, would it be difficult to get the other three coins of the series.
Valued Member
havanacoins's Avatar
United States
214 Posts
 Posted 05/09/2013  11:30 pm  Show Profile   Bookmark this reply Add havanacoins to your friends list Get a Link to this Reply
Since #1 of the series was for sale from the mint, isn't it safe to assume the others in the series will also be up for sale from the RCM?
Pillar of the Community
United States
3789 Posts
 Posted 05/10/2013  10:27 am  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
My question is now, how "authentic" is this coin? Yes the RCM made it,,,, sold it on their site... but is this perhaps watered down?

thoughts?
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 05/10/2013  10:40 am  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply

Quote:
My question is now, how "authentic" is this coin?


I don't follow your premise. Why would it not be 'authentic'? 'watered down'?
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Lostwords's Avatar
Canada
1528 Posts
 Posted 05/10/2013  11:25 am  Show Profile   Bookmark this reply Add Lostwords to your friends list Get a Link to this Reply
Maybe he mean is it legal Tender or not?

I would assume there's nothing wrong with these coins and it would be the same as any other numis coin
Edited by Lostwords
05/10/2013 11:26 am
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elkslayer132's Avatar
Canada
981 Posts
 Posted 05/10/2013  12:03 pm  Show Profile   Bookmark this reply Add elkslayer132 to your friends list Get a Link to this Reply
What is a SilverTowne Exclusive?

- SilverTowne "trademark" items that are custom minted at the SilverTowne Mint specifically for sale through our own retail and wholesale channels.

- Coins that are produced by worldwide mints for which SilverTowne is the exclusive direct-from-the-mint dealer in the United States.

They are only selling the coins for the mint NOWHERE DOES IT STATE IT IT THEIR COMMISSIONED COIN. If it was their coin they sure got a very small alotment of them less than 1000 of them which is not right because any commissioned coin you must take 75% of mintage per mint rules.
Edited by elkslayer132
05/10/2013 12:06 pm
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 05/10/2013  12:18 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
Clearly it is not even an exclusive for them - lots of other dealers are selling it.

They had exactly 14% of the mintage (1050 of 7500) for sale. A decent number for sure so maybe they suggested the coin series and the RCM gave them a good allocation but I seriously doubt it was commissioned.

I think the same could be said for Cdn Coins and the beavers/5oz Coronation coin. There is a big difference between inspiring/suggesting a design and commissioning a coin.
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SA4H's Avatar
United States
2764 Posts
 Posted 05/10/2013  4:55 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
It could just mean the are the "exclusive" (as the only authorized) dealer/distributor in USA (per elkslayer132's post). A marketing tool they are using.
Pillar of the Community
United States
3789 Posts
 Posted 05/14/2013  5:59 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
Yea I am thinking about stepping away from this one, I feel like this is just a pure marketing ploy and as such I think I am going to wait and see wehre prices go on this one.

I wanted one but I lost interest in the manner its being pushed by Silvertowne.. how "exclusive" is it when everyone else has it?
Valued Member
Lithanial's Avatar
Canada
451 Posts
 Posted 05/14/2013  6:14 pm  Show Profile   Bookmark this reply Add Lithanial to your friends list Get a Link to this Reply
This is the ugliest coin of the year.
Valued Member
brexzz1's Avatar
Canada
348 Posts
 Posted 05/14/2013  7:03 pm  Show Profile   Bookmark this reply Add brexzz1 to your friends list Get a Link to this Reply
Prices on ebay falling. Glad I didn't buy any. Ugly coin. I think a lot of Masters club members got caught up in the hype when the first day the reps were all telling everyone it was 94% sold out. lol
Pillar of the Community
United States
3789 Posts
 Posted 05/14/2013  7:10 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
thank you for everyone and their discussion about this coin, I learned a lot and it helped me cool my jets for wanting to add this coin to the collection.
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arianzo's Avatar
Canada
2124 Posts
 Posted 05/14/2013  9:40 pm  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply
It's too early to talk about the investment of this coin.

About the design, all have been already said.

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SA4H's Avatar
United States
2764 Posts
 Posted 05/15/2013  04:21 am  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
The reason why this coin was sold out early could be because of Silvertowne "exclusive" allotment took away about 13% of the mintage already.....
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