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 Replies: 15 / Views: 1,747 |
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New Member
United States
36 Posts |
This may seem like a silly question.
I am in the process of completing a silver eagle collection. However, I don't have a grey sheet or price reference to know if the year trade is truly worth it.
I have a 2010 Silver Eagle and I am looking to trade it outright with a 1999 Silver Eagle of similar condition.
Neither are proof or certified.
Any objections to this? I simply cannot find any results of value differences. I would buy the 99 outright but they want a $7 premium.
Thoughts? Edited by Wander
02/06/2014 1:38 pm
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Pillar of the Community
United States
2543 Posts |
 to the community, Do it, you would be making out. Same silver, same design, 1999 mintage 7,408,640 2010 mintage 34,662,500 While bullion is bullion, lower mintages are always worth a slight premium to collectors. Edited by denco7
02/06/2014 11:24 am
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New Member
 United States
36 Posts |
Thanks. I am just starting this collection, but was unwilling to pay the premium.
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Valued Member
United States
272 Posts |
i would be too. I say trade it cause thats a really good deal
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Pillar of the Community
United States
1436 Posts |
Check E-Bay finished auctions and see what each has been selling for.
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Pillar of the Community
United States
4901 Posts |
Decent trade...no big gain/loss on either side. One ounce of newer silver for an ounce of older silver. Good way to get a collection going.
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New Member
United States
36 Posts |
So this may have been petty, but I was very polite and decided not to go through with the deal.
My 2010 was in an air tight round case, and this other party gave no budge on simply letting me keep my case. I was polite and simply said no thank you.
99s are not that rare and I'm sure I can find another at a cheaper price than $6 over spot.
I have a dealer who trades with me on grey sheet prices. He has been great, and has thrown some really great deals my way. In the end, I would rather pay him $6 over spot then waste time being offended over a single case.
Any suggestions from other eagle collectors would be greatly appreciated as I cannot afford to buy monster boxes at a time.
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New Member
United States
36 Posts |
Side question, $35 for a good quality 1986, good deal or no deal?
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Pillar of the Community
United States
4901 Posts |
The going price is right around that $35 maybe a tad less but not much....
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Pillar of the Community
United States
3755 Posts |
If you are paying 6 over spot on back dates in real nice shape, you are getting a good deal.
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Pillar of the Community
United States
2543 Posts |
You have to remember that these are just bullion issues. They are minted as a way for the populous to invest in silver. Any premium above that is solely generated by the perception of supply and demand. The perception by collectors that a 7 mil. mintage coin is more valuable than a 34 mil. mintage coin is what sets market prices. I don't think that I would have scrapped a deal that benefited you by $5-$10 in perceived value over a 55 cent airtite.
The mintage for 1986 was 5,393,005 and in addition to that it has the added value among collectors, of being the first of the series. But........... it is still just bullion. $16 over spot is a lot for just bullion.
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Pillar of the Community
United States
4901 Posts |
That 5.3 million is on the low side for the bullion issues...not the lowest but definitely lower than recent years mintage of 40+ million
Yes it is still "just" bullion but they do have a market of their own
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Bedrock of the Community
13014 Posts |
Quote:
Yes it is still "just" bullion but they do have a market of their own Exactly, the price is just as much about the fact that most places dont carry the dates in the 80s as anything else. The harder it is to find the more it will cost you. As far as the 35 price thats alright. I've seen them sell for more and sell for less. You may get lucky and find one for less at a shop, but youd pay more than that on ebay. If you like it Id go with it and consider that date filled. |
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New Member
United States
36 Posts |
Just wanted to update this post on how it all ended up.
I did get my 99 (with airtight) in the end, but at a price less then I paid for the 2010. So, now I just have both at good price points. I bought the 99 from a different dealer who I did not share the previous deal with out of respect for my local shops. In the end I simply found a better opportunity.
I went with the $35 for the high quality 86, but that was with an agreement on many other dates at $26 while spot was already over $21. In that deal I also got a brilliant 97 for the $26 agreement. It pays to make relationships with local coin collectors and dealers.
I know some argue that they would never pay more than spot for eagles, but in my humble opinion that is not the reality of these minted rounds.
I am also curious if the mint will stop producing these coins in the future. If and when that happens, it may be time to start having these graded. None would make MS70 in my opinion, but even my older years are all brilliant.
Anyways, that is how it all ended. I still have a few years to fill in the gaps, all in the 2000s. If silver keeps rising Ill put my focus on other coins for now.
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Pillar of the Community
United States
1804 Posts |
Newbie here, I hope I am not out of line, one dollar either way seems not important to me. That is, if you like the deal. |
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New Member
United States
36 Posts |
I don't think your out of line. I think I was being petty over the airtight in the first place. I take blame for that. I feel I got better than ebay deals on the rest which I am happy with considering quality of coins. I know what I payed too much for, and what I got great deals on if there is anything to numismatic value of these coins. Currently value is in the eye of the beholder and I do love these rounds. In the end, these are worth melt and I may just be a fool holding onto pretty silver with dates  |
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Replies: 15 / Views: 1,747 |
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Posted 02/06/2014 11:24 am
