Graded Proof 70 American Silver Eagle / ASE

To participate in the forum you must log in or register.

Author	Replies: 5 / Views: 1,927
MontanaCMR Pillar of the Community United States 606 Posts	Posted 09/17/2014 6:46 pm Hi all, Just started collecting and initially thought I wanted a bunch of graded proof 70 silver eagles. Part of this is because the prices were usually much lower than the grading site indicates. So I figured I was getting a pretty good buy. However, I know wonder if these are the worst (i.e., 1992 70 proof) because of the high premiums. My favorite lately has been to get an odd/old/unique bar or round at close to spot that has a potential for smaller premiums. For instance, I could pay say $250 for a proof 70 1992, or get a lot of interesting, but much less expensive bars and rounds. I enjoy both, but am having a difficult time figuring out these graded eagles. Thanks Report this Post to the Staff

MontanaCMR Pillar of the Community United States 606 Posts	Posted 09/19/2014 12:22 am Did I post this in the wrong area? If so, would someone tell me a better place to post? I am very interested in a response from a more experienced collector. Report this Post to the Staff
D0ubl3Eagle Pillar of the Community United States 5854 Posts	Posted 09/19/2014 01:25 am MS/PR-70's are not really my cup of tea. I just have hard time justifying paying a high premium for a small difference in grade. The coins are virtually perfect the moment it's struck and for the large part preserved in the same condition since they left the mint. Not every 70 in a holder is truly a 70 and it can takes years of experience to determine if is graded correct. Preservation can be somewhat of an issue since a MS/PR-70 leaves you no room for any sort of deterioration while in the holder. If I were looking to purchase a proof silver eagle, I would either get it raw in original government packaging or one certified PR-69 DCAM/UCAM as long as the premium is reasonable. That would leave some money for other coins or bars. Others may disagree. Report this Post to the Staff
Foxwoods Man Pillar of the Community United States 4901 Posts	Posted 09/19/2014 04:07 am Well you are headed in two completely different directions. You have to decide whether you want to buy bullion (bars, bullion ASE's) or collect collector coins (graded proof ASE) With the former you are investing in silver with its ups and downs and with the latter you are developing a coin collection. To equate them is a mistake...your decision which to pursue . I buy bullion AND collect coins..different paths for each Report this Post to the Staff
MontanaCMR Pillar of the Community United States 606 Posts	Posted 09/19/2014 11:52 am Thanks for the replies. I tend to agree on the 70, although my initial thought was if the price of these ever went up, people would send in their original coa only to find out after having it for a few years only grades at a 69 (i.e., dropped or slightly damaged from shipping...). However, you are correct as I need to figure out what I want to do. I think I will stop buying anymore 70s ASE, especially since the only unique change is the dang date. That is part of the reason I really enjoy the Kookaburra coins - each year is unique. Report this Post to the Staff
ghostrider Pillar of the Community United States 1116 Posts	Posted 09/19/2014 11:39 pm Graded ASE's are not my cup of tea. When I buy a graded coin I'm looking at the rarity factor. For example a 1800's gold or silver coin that has few examples in the grades that I would be looking at seem to me to be a much better holder of value that a graded ASE. My opinion only. However on the other hand I do have a complete set of ASE including all of the various anniversity sets. The 25th anniversary set had a mintage of 100,000 and I have 6 sets and this set is currently listed as being a modern rarity not a scarce item. To me coins like this will keep their value over time. I don't plan on selling my sets but leaving them to my kids. I do believe that rarity and condition in grade is the thing to look at. Again just mho. Collect what you like and be sure to enjoy them. Report this Post to the Staff
	Replies: 5 / Views: 1,927

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.26 seconds to rattle this change.

Graded Proof 70 ASE