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 Replies: 8 / Views: 4,309 |
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New Member
United States
7 Posts |
Hi This is my first post, I would like to know about silver eagles that are 24k gold plated. are they worth buying. cause I jumped the gun on a 1996 silver eagle with out reading the whole description. until I bought it and turns out to be 24k gold plated. I payed $42.00 for it.
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Moderator
 United States
14463 Posts |
 gold plating almost any coin doesn't really add any value to the coin. Its technically considered damage to the coin. Although they may gain in visual appeal to some. Unfortunately, your gold plated silver eagle is only worth around melt price, ~$24 |
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Pillar of the Community
United States
648 Posts |
I like gold plating on some coins, such as worthless pennies, dimes, and coins like that. But I can't stand when people gold plate silver bullion coins. It's so pointless and ruins the purpose of the coin, IMO. I agree with it being worth only melt. Edit: Edited by xZACKx
04/25/2013 9:26 pm
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New Member
 United States
7 Posts |
I guess that is what I get for not reading first. well I learned my lessen on this purchase  |
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Pillar of the Community
United States
621 Posts |
Oh well, at least its not one of the gold tribute 24k proofs or something like that that's only real value is the very very very tiny layer of gold.
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Valued Member
United States
178 Posts |
Smile can be your Lucky  coin now.... |
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Pillar of the Community
United States
2543 Posts |
Quote:
Unfortunately, your gold plated silver eagle is only worth around melt price, ~$24 I kind of disagree, it may be gold plated, but it is still an American Silver Eagle and ....... it is a 1996 which is the lowest mintage in the bullion series. I have seen unplated '96 go for as much as $60 , put it away, don't let it get scratched or worn and I bet you will eventually get your money back and then some. I don't buy or collect them, but actually I think well plated ones look quite nice. |
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Pillar of the Community
United States
648 Posts |
I agree with putting it away. Eventually silver will go back up and you'll get most of your money back, if not more. I didn't know 1996 was a key date for ASEs so there is probably more value there than I thought.
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Bedrock of the Community
United States
17884 Posts |
The 96 ASE may be a key date but that is relative. There is still no shortage of them out there. Since there is no problem finding an undamaged one, and the premium is not excessive, the chance of a severely damaged one ever having much of a premium over melt is slight. |
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Replies: 8 / Views: 4,309 |
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Posted 04/25/2013 9:25 pm
