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 Replies: 17 / Views: 2,957 |
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New Member
United States
18 Posts |
I'm wondering if someone can grade this coin for me. I looked it up in the 2021 Red Book & was surprised to see the value listed as $30. That doesn't line up with what I had expected so I'm seeking other opinions.
This is the 1st of 3 of these coins I'll be posting to request assistance with.
Any help is appreciated.Thanks in advance!   Edited by XxMCIDxX
12/19/2020 01:02 am
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Pillar of the Community
 United States
8938 Posts |
Take RedBook prices, especially regarding bullion coins, with a grain of salt. As for grade MS-65 seems reasonable. Silver eagles are graded quite harshly due to the fact that most if not all come by default MS-68 or higher, so any deviations further carry significant penalties. Depending on how it is in hand there's a pretty good chance this would even land MS64 |
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New Member
 United States
18 Posts |
Thanks, would ms64 still hold a decent value? Not that I intend to start selling. Been at this for about 6 months now and this is my 6th eagle and I have somewhere around 10 or 12 Morgans. I'm getting ready to get some graded but I really only want to do the valuable ones.
And thanks for checking this out for me. You helped alot.
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Moderator
 United States
56855 Posts |
Quote:
I'm getting ready to get some graded If you wean sending them to a TPG,make sure each coin will have a retail value slabbed of at least $150 to justify all costs involved in sending them in. John1  |
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Bedrock of the Community
Australia
21786 Posts |
Never intended for circulation, so most common grade should be around MS-66, scarcer in lower grades.
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Pillar of the Community
United States
7276 Posts |
This is just a bullion coin, even MS 69 there is no premium for these. It's current worth is about $1-$2 over its melt value.
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Pillar of the Community
United States
6541 Posts |
Don't use The Red Book for value. Only for info. That being said Melt value is about $25.00 so maybe worth $28.00 on a good day. I have 500 of this things and dont know what I should do with them  |
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New Member
United States
18 Posts |
It's just that I've seen a 2004 w proof silver eagle bought for over $70. I tried to get one but was out bid at 45. Seems every one I bid on no matter mint mark goes for around $40 or $50. You should put the up for auction and sell them if you're not sure what to do with them.
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Pillar of the Community
United States
7276 Posts |
Your comparing a proof to a bullion coin. They are not the same. I get proofs from $45 to $52 depending on date. Most bullion ASE are a few dollars over melt. |
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New Member
United States
18 Posts |
I'm new to collecting and this is why I joined this group. I'm trying to learn these differences.
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Pillar of the Community
United States
7276 Posts |
See below picture. They are left to right: Bullion- standard no mint markBurnished- bullion with a W mint mark Proof Proof- notice the mirror and cameo surfaces? Enhanced reverse proof Enhanced reverse proof- fields are reverse of standard proof. The value of the below are (l-r) $30>$45>$52>$52>$1200>$1200 They cost me $22>$49>$65>$65>$68>$68 So I lost money on 3 and made money on 3, this is why you need to know what each is.   |
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Pillar of the Community
United States
6541 Posts |
Proof coins are made for coin collectors. Bullion coins are made for The Zombie apocalypse.  Or investors |
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Pillar of the Community
United States
7276 Posts |
This is bullion  This is a proof  This is reverse proof  This is enhanced reverse proof  |
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New Member
United States
18 Posts |
Ok, I think I have a handle on this now. The proofs are Cadillacs and the bullion is your basic Ford Focus.
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New Member
United States
18 Posts |
So if I want to collect coins stay away from the eagles with no mint marks and no cameo? I think it would be better to just stick to the Morgans and the Peace dollars I was getting. Tried to get a few eagles And got bullion when I thought it was a collectible coin. |
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Pillar of the Community
United States
7276 Posts |
Well...
If silver takes off, you would make more money by having lots of bullion, so can't really say you'll lose money by buying bullion.
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Replies: 17 / Views: 2,957 |
Posted 12/19/2020 02:39 am
