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 Replies: 10 / Views: 2,950 |
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Pillar of the Community
United States
1599 Posts |
I have been collecting slabbed silver eagles MS 69+. Got started several years back, but also started collecting for my first grand child (year sets, etc). I noticed that saveral of you here dont seem to favor saving slabbed silver eagles-not sure why. Is that just not what you like to collect, or do you think the upside is small? Thanks.
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Pillar of the Community
United States
671 Posts |
In my opinion, any coin worth less than $100-$150 is not worth getting slabbed due to high fees at the TPGs.  Most ASE coins will be worth less than that, so to put it in your words, the upside is indeed small. But in the end, it's your choice what you want to do with your collection!  |
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Pillar of the Community
United States
3098 Posts |
Yup, it's bullion anyways, and because it's struck on a soft metal on modern machines, its grades are usually very very skewed.
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Pillar of the Community
United States
528 Posts |
Collect what you like.
There are no rules.
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Valued Member
United States
120 Posts |
Sounds like these coins are on their way to your grandchildren and slabbing them is not a bad idea until they learn the value of them and how to correctly handle them. Added expense now may mean more value later in this case.
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Bedrock of the Community
United States
12437 Posts |
I can see the appeal of slabbing the collector grade Eagles(Uncirculated W and Proofs) since their mintages are more limited and they have a numismatic premium over the silver value.
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Valued Member
United States
207 Posts |
I like the mint packaging better and the tubes but that is just me. The coins are considered by many to be bullion but so were the Morgans/Peace dollars when they were produced too (you could go in the bank and get Morgans/Peace back in the day, so I know I would have people disagree with me on comparing the morgan/peace to the silver eagle as bullion because the Moragen/Peace were circulated coins..  ). In my opinion I think it is about half bullion half numismatic value. I like them but I also think the US mint should create a new design. The walking liberty is a beautiful desing but we have had it before and now it has been around on the bullion coin since 86. I just do not want the mint to create a horrible design like the plat eagle obverse..lol (I like the reverses on the plat) where have all the beautiful designers gone  Edited by markapsolon
07/31/2009 12:47 am
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Bedrock of the Community
United States
14454 Posts |
Morgans and Peace dollars were never meant to be Bullion. Bullion means it trades at the value of the content of the metal its made of not the face value, the Morgan and Peace when they were minted were meant to circulate for $1.00 and be worth a dollar no matter what. If the coin trades at face value its not bullion. Go to the bank and try to get a silver eagle or platinum eagle for their face value and they will laugh at you (if they know what it is) you could actually go to the bank and buy Morgans and Peace dollars for a dollar. They may trade for their silver content now if they are culls but that still doesn't mean they are bullion coins. Allot of the Gold coins that circulated trades at their gold content spot price also if they are low grade worn out hunks of gold but they still can't be called Bullion coins, just worth bullion value |
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Pillar of the Community
United States
1055 Posts |
I think that a graded set of Silver Eagles is a great idea if you are planning on giving them to your grandkids. You may pay a bit more than you would raw coins but I think the resale in the future would be easier with TPG coins. I bought a 2006 MS-69 NGC graded coin for $24 the other day (for my type set). |
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Pillar of the Community
United States
1882 Posts |
Quote:
I bought a 2006 MS-69 NGC graded coin for $24 the other day (for my type set). And that right there is evidence that it might be a good idea to buy one already in the slab, but maybe not so great to pay to have one slabbed. |
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Valued Member
United States
429 Posts |
I do not have any of mine slabbed because I can buy 2-3 for the price of one slabbed coin. If I was doing it for the same reason as you (a gift for someone) then having then slabbed would be a great way to go because it is easier for them to understand exactly what they have.
Like others, I do not believe in having lower valued coins slabbed because it usually costs 2-10 times the value of the coin to have them encased. Also, you can buy Silver Eagles in tubes and have them in a higher grade already because these are not a circulated coin. It all comes down to your own ideas, way to collect and what you want the final outcome to be. No matter how you collect you have to be happy with your purchase and want to take it out and look at it now and then.
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Replies: 10 / Views: 2,950 |
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Posted 07/30/2009 10:48 pm
