Overpriced 1986 MS-70 American Eagle S $1? - Page 2

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Author	Replies: 22 / Views: 5,932	Page: of 2

vermontensium Moderator United States 16680 Posts	Posted 01/20/2015 4:32 pm I don't care if these bullion coins, and to me that's all they are, are graded MS70 or MS60. To me, it's just bullion. I see no history or reason to buy them tons above melt. Just me though. swcoin.ecrater.com Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 01/20/2015 4:51 pm Quote: To me, it's just bullion. I see no history or reason to buy them tons above melt. People don't collect these for the silver value. It does not matter if it is bullion, proof, RP or EU. Look at the history of collecting, not just coins, but anything. Most of what people pay high dollars for has little to no intrinsic value. People pay top money for these because they have a desire to possess something that no one else, or just a tiny handful of other people possess. No matter what YOU value the coin at, from now until the end of collecting time, anyone who wants to collect a complete set of PCGS MS70 American Silver Eagles will have to come through 3 people. That is why some one would pay big bucks for a PCGS. Report this Post to the Staff
ratio411 Pillar of the Community United States 1208 Posts	Posted 01/21/2015 01:41 am I collect US coins, and these are US coins. They are legal tender, with a face value, and a design taken right from US coinage. When it is a coin, there is no separating it from that. The fact that the purpose of this coin is to act as bullion, that makes no difference and does not detract from it being a COIN. They have dates, mint marks, coin orientation, face value, and are legal tender by a sovereign nation. So... coin collectors collect them as coins. How dare they! (sarcasm) Report this Post to the Staff
ratio411 Pillar of the Community United States 1208 Posts	Posted 01/21/2015 01:43 am Saying this coin isn't fit for collecting is the same as saying the Trade dollar is not fit for collecting. That coin was the ASE of it's era. Report this Post to the Staff
CopperCastle Pillar of the Community United States 1132 Posts	Posted 01/21/2015 10:22 am Quote: I'm sure the government isn't making that much on them I'm sure they are. "The United States Mint, in accordance with federal law, has three product lines in two programs: a circulating coin program and a fiscally separate numismatic program that includes collectible coins. Revenue and net income increased across all three product lines in FY 2013. Our results were outstanding in two of the three product lines, circulating coinage for commerce and investment-grade bullion coin programs." Richard A. Peterson United States Mint Deputy Director From the US mints annual public 2013 report (licenced for public use) Edited by CopperCastle 01/21/2015 10:25 am Report this Post to the Staff
jbuck Moderator United States 190135 Posts	Posted 01/21/2015 10:30 am I agree with ratio411. By definition they are coins. Do I collect them? No. I just have one for my 7070. But there are a lot of other coins in my 7070 that I do not collect as sets. This is a personal choice, one that I may or may not change. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 01/21/2015 1:04 pm Well from those charts I would still say they aren't making much. The key is the last chart. They didn't separate the silver and gold bullion but they spent $3.185 Billion and made $3.244 Billion a profits for both the gold and the silver combined of $56 Million a profit rate of 1.8% or 1.8 cents for every dollar spent. The profit RATE is probably higher on the gold bullion which pulls that 1.8% up but they probably make more net on the silver bullion due to the volume. Edited by Conder101 01/21/2015 1:08 pm Report this Post to the Staff
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