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Silver Eagles

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Jgoff21's Avatar
United States
29 Posts
 Posted 07/16/2008  11:41 am Show Profile   Bookmark this topic Add Jgoff21 to your friends list Get a Link to this Message Number of Subscribers
I recently was given a bunch of silver from my grandfathers estate. Included in this was around 30 silver Eagles from 87-88. All are in Uncirculated condition. I want to get rid of the silver and use the money to buy a couple of key dates I need. But I was wondering about the eagles. Are they worth any premium over the spot price of silver?

Thanks
Jamie
Valued Member
Coinwhiz1776's Avatar
United States
100 Posts
 Posted 07/16/2008  12:16 pm  Show Profile   Bookmark this reply Add Coinwhiz1776 to your friends list Get a Link to this Reply
American Eagles are contain exactly one ounce of pure silver, and spot price of silver hovers around $19 an ounce. So that is probably what they are worth a piece. They don't really have that much of a premium yet.
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GO's Avatar
United States
6563 Posts
 Posted 07/16/2008  12:19 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Sometimes on ebay you can sell them for 5%-10% over melt for some odd reason. However I have lost money selling silver because if you don't get enough...you loose it on paypal and fees
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jbuck's Avatar
United States
187702 Posts
 Posted 07/16/2008  4:22 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
IMHO...

Selling them individually will attract collectors that are more willing to pay a slight premium.

Selling them in bulk will attract the bullion buyers or dealers that often only pay spot or less.
New Member
United States
34 Posts
 Posted 07/16/2008  5:10 pm  Show Profile   Bookmark this reply Add spotco2 to your friends list Get a Link to this Reply
SAE's usually get a premium of around $2-$3 on most of the bullion sites like APMEX, BD ect.

Local dealer was selling at $3 over spot yesterday.

ebay is good for around $20-$25 per coin including shipping but before fee's of around $2.75-$3.50 depending on variables.

Was also going to mention that while you might get more money in the end by selling seperately, it will take a lot of time to do so. 30 coins that are all the same date (or two dates) would be jumped on quickly by a bullion horder, but a coin collector most likely would not have any use for that many of the same thing.

Also, some people that collect do not have the available fiat to invest in 30oz at one time. You might have a lot more luck breaking it down to lots of 4 for $100 shipped or something like that so it's a bit more affordable to the general collectors.
Edited by spotco2
07/16/2008 5:15 pm
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eaglefoot's Avatar
United States
6326 Posts
 Posted 07/17/2008  4:52 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
It seems really that you ought to try to keep these Eagles and find the money for some keys in another area.....
20-30 years down the line could be a nice "silver spot price" rise for these to enjoy !....
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