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Silver Eagle Questions

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/29/2015  11:54 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Where on here do I talk about bullion?


In our Bullion Forum, of course.

http://www.coincommunity.com/forum/...FORUM_ID=143
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R1W3D's Avatar
United States
102 Posts
 Posted 04/30/2015  12:52 am  Show Profile   Bookmark this reply Add R1W3D to your friends list Get a Link to this Reply
Sorry I thought I looked hard enough but I didn't still finding my way around thanks. :)
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sel_69l's Avatar
Australia
21788 Posts
 Posted 04/30/2015  01:19 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
In the majority of cases with bullion coins, the slabbing and shipping fees are usually much more than the premium you may get over the bullion value. In a lot of cases TPGrading will yield little increased value, if any.
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R1W3D's Avatar
United States
102 Posts
 Posted 04/30/2015  02:43 am  Show Profile   Bookmark this reply Add R1W3D to your friends list Get a Link to this Reply
Sorry like I said on the previous page I forgot to mention I was talking about proof bullion coins.
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Foxwoods Man's Avatar
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 Posted 04/30/2015  07:04 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
I forgot to mention I was talking about proof bullion coins.


No such animal....

As was mentioned there are bullion ASE's (and appropriate "do not grade" comments made about these) minted in quantities well exceeding 10-20 million and there are numismatic ASE's made of bullion quality silver (PF, RP, EF, S, W's) minted in SIGNIFICANTLY lower numbers (as low as 100k)

The one you have is a proof ASE which is not considered to be a "bullion" coin but a collector coin made of .999 silver.

.999 silver is the key...1964 Kennedy halves, Commemorative Coins, Morgan dollars etc. are collectable silver coins but not bullion quality in their silver content.

Your proof ASE sells for between $50 and $90 in the original packaging...(last one at $91)

The last sale of a 1987 bullion ASE went for $27.99
Edited by Foxwoods Man
04/30/2015 07:10 am
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Cascade's Avatar
United States
7390 Posts
 Posted 04/30/2015  08:54 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Not to bring up a controversial numismatic subject but no one has mention burnished to him yet?
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jbuck's Avatar
United States
188440 Posts
 Posted 04/30/2015  10:45 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I told you this topic would bring several confident and different opinions.
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muddler's Avatar
United States
7191 Posts
 Posted 04/30/2015  10:48 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
The American silver eagle is a large round silver object made in a variety of finishes and mints. As with many modern coins mintage's are often high resulting in few rare coins but those few are highly sought after and command a pretty penny to acquire. They are a fun way to build a set that wont break the bank for the majority of them. I would not bother with grading with the exception of the 1995 w proof coin.

Silver-Eagle-Questions

The classic design with the proof cameo appearance is especially attractive to me.
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Foxwoods Man's Avatar
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4901 Posts
 Posted 04/30/2015  10:57 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
Not to bring up a controversial numismatic subject but no one has mention burnished to him yet?


With all the different variations and Mint marks I thought W and S would be enough but you are correct...it is a different finish

Trying to limit the confusion
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R1W3D's Avatar
United States
102 Posts
 Posted 04/30/2015  11:01 am  Show Profile   Bookmark this reply Add R1W3D to your friends list Get a Link to this Reply
OK I'm just confused because it says bullion and proof you say there isn't bullion proof so I take it that its "bullion" because its a silver planchette? And its a proof because that's what it was made to be? Or maybe its cause the box says so its just a shiny version of a bullion eagle..
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R1W3D's Avatar
United States
102 Posts
 Posted 04/30/2015  11:05 am  Show Profile   Bookmark this reply Add R1W3D to your friends list Get a Link to this Reply
The guy at the coin shop near has a five piece proof set in a nice looking box and the floor price is over $600 what's up with that? Each proof was polished differently maybe one wasn't polished I can't remember. I can't stay out of that guys shop because I now love coins to much and I don't want to seem like a freak and show up every day that he's open haha.

I personally thought $600 sounds high but people on ebay are selling sets with the same five coin proof set for over $1000 so I'm at a loss...
Edited by R1W3D
04/30/2015 11:09 am
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 04/30/2015  8:18 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
The "5 coin proof set" sounds like this:

Silver-Eagle-Questions

..which is NOT a proof set but the 2011 25th Anniversary Silver Eagle set containing a proof, W (burnished), Reverse Proof, bullion ASE, and an S mint (burnished) ASE

The S and RP are unique to the set. the other 3 were also available singularly

$600 sounds about right....it is a perfect example of the different types of Silver Eagles out there...all .999 silver but all different
Edited by Foxwoods Man
04/30/2015 8:20 pm
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R1W3D's Avatar
United States
102 Posts
 Posted 04/30/2015  8:26 pm  Show Profile   Bookmark this reply Add R1W3D to your friends list Get a Link to this Reply
I do like the burnished reverse proof. Its a great looking coin in my opinion.
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GR58's Avatar
United States
11951 Posts
 Posted 04/30/2015  9:20 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Not a burnished reverse proof, two different coins.

Let me try to list the different silver eagles.

The easiest way to know the bullion coins are, they have no
mint mark.

All the collector silver Eagles that come from the mint
will have a mint mark.

From 1986 through 2005 there was
- Bullion coins with no mint mark
- Velvet box proof silver Eagle, different years of these
had different mint marks (P,S or W)

Starting in 2006 the burnished coin was added to
yearly mint releases. It has a satin like finish and mint
mark.

Then there are special sets
- 10th Anniversary, has a W mint proof ASE, plus gold eagles
- 20TH Anniversary, has Proof, reverse proof and Burnished
- 25th Anniversary, has Proof, reverse proof, W Burnished,
S Burnished and a bullion ASE ( no mint mark)
- 2012 San Francisco S Proof and S reverse proof
- 2013 West point set, W Reverse proof and
W Enhanced Uncirculated finished

IMO the mint marked coins are very collectable. They all
trade at levels above the bullion coins.

The bullion coins do have a collector based in the slabbed
market. Not only MS70 coins, but also the special labeled
slabs.

For the Proof Silver eagles, some of the PR70 graded coins
sell for very high prices.

Lastly, there was no 2009 Proof issued and no burnished for
2009 and 2010.

Not sure if this helps .. just trying to be clear
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R1W3D's Avatar
United States
102 Posts
 Posted 04/30/2015  10:32 pm  Show Profile   Bookmark this reply Add R1W3D to your friends list Get a Link to this Reply
Awesome I'm getting there so the coin I said looked good is the reverse proof? The one where liberty is polished. OK so nobody exactly explained burnishing but brought it up is it the polishing? But also is a term to where someone polishes the coin post mint? Which is bad right?
Edited by R1W3D
04/30/2015 10:34 pm
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