Fair Premium For Silver Eagles?

If you can find an MS69 or 70 for 2 bucks over spot, more power to you.

My point that you are missing is that they are collectable coins. You can call it bullion till you are red in the face. They are coins with a one dollar legal tender status. Yes, they are sold as bullion. But to sit there and deny their status as a coin that can draw premiums as other coins do is sticking your head in the sand.

I think so... Although I still think 10-12% is a tad high...




Scary thing is, people were actually paying that then, and more... Then tack on some of the outrageous shipping charges some of the online dealers were charging. Wow. Some folks are just now breaking even on their "$20 an Oz." investment.

You're the one that jumped in getting all pissy when all that was stated is that I choose not to pay high premiums. Nothing more. In fact I didn't imply or say anything until YOU called me narrow minded.

Narrow minded for waiting to pay $3 less premium. What ever...




Your 2 sentences that I quoted earlier contradict themselves...




Go the mints website. They call them bullion coins. Then they also have the 2 other grades I mentioned. The first are intended for investors, the other 2 grades are intended for collectors. I would have thought you would have already known that...

I don't know .. I think I am seeing a little anger here ... sad ...very sad

But interesting reading

This is a old issue. When these came out in 1986, seems like it was later in the year because it seems we were starting to see the 1987's before seeing to many 1986's

Silver was (if I remember right) $3.00 to $4.00 oz. and dealers were wanting $7.00+ for them.
And yes we were all complaining then.

Over the years with silver prices having its ups and downs I can see where there is more room with the premium asked for each coin. Depending on where the seller bought into them and how bad he needs to sell them.

In a raising silver market you will see more of a premium,
because the seller will want to maximize his profit.

In a falling market you will see less of a premium, because the seller will not want to be caught with them.

I do know how it works for local dealers here.
If they have to order ASEs for a customer, they are paying
$2 to $3 dollars a coin premium. So they have to charge more to make any profit. If someone walks into the shop and sells some, there may be some room for less of a premium.

Of course E bay and craigslist is completely different, there will be good and bad deals on both.

In coin collecting, knowledge and patience is everything.
Knowledge, in knowing when a deal is good and act on it.
Patience, to wait for the good deal.

Also knowing, what is a good deal today, may or may not be a good deal tomorrow.

As for bullion or coin question.
Yes they are a coin but they were/are never intended to be used as a coin.

The mint considers the " no mint mark" ASE's as bullion coins.

ASE and AGE coins, came into being as a way for people to
purchase fine (.999) silver and gold.

I agree they are collected like other coins, by date and put into albums and slabs. I do think the majority of bullion ASE's are traded for the silver value not the coin value.

The ones with mint marks are the uncirculated(burnished) and proof versions. They are sold from the mint to collectors and have a much higher premium. Still these are never intended to be spent as a coin.

There is at least one site that I buy from that currently has a 3.09 over spot price.

Definitely an interesting read.

I payed 18 over spot for some beautiful toning which is the highest I have ever gone. I would say that I average about 8 over spot, but that is again because of toning.

Without toning my LCS charges 4-6 over spot.

LCSs here charge $6, my bullion broker charges $4 plus a 3% commission.

Rick