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Replies: 26 / Views: 8,874 |
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New Member
United States
3 Posts |
Dad just passed and left us what he said is a 1986 sealed Monster Box of Silver Eagles. Absolutely nothing on the box, straps, or clasps indicates what's inside. We have Dad's receipt that he purchased them on December 24, 1986 and they were delivered on January 9, 1987, and he purchased them from Monex for $4,307. The receipt does not indicate the dates of the coins inside. Monex confirms the sale but has been no help since their offices have moved since 1986 and they say their records from them are in storage. Can anyone give advice on how I can confirm what's inside short of opening the box? Or advice where might I turn to find the date that the very first 1987 coins were produced (hopefully after 1/9/87). And lastly, confirmed 1986 or alternatively a opened box, any idea on the value of either or both?
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Moderator
 United States
15381 Posts |
 to the CCF - your valued question is beyond my expertise but I'm confident that some experts will be along shortly to help.
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Pillar of the Community
1110 Posts |
Quote: Dad just passed Sorry for the loss. Quote: Absolutely nothing on the box, straps, or clasps indicates what's inside.
What kind of box? The box Monex shipped to your dad? Pictures of this box would be helpful. Quote: The receipt does not indicate the dates of the coins inside. Does the receipt say how many coins? Quote: Can anyone give advice on how I can confirm what's inside short of opening the box? Not from where I sit. Quote: Or advice where might I turn to find the date that the very first 1987 coins were produced (hopefully after 1/9/87).
? The first Silver Eagles were minted in 1986. Quote: And lastly, confirmed 1986 or alternatively a opened box, any idea on the value of either or both? I think you need to know how many you have before we can tell you the value. Or maybe I'm misunderstanding your entire post.
Edited by MOS0239 01/05/2021 6:31 pm
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Pillar of the Community
United States
7273 Posts |
If they are bullion silver eagles there is a small premium for 1986 ASE, but honestly you won't know until you open up the box.
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Pillar of the Community
2145 Posts |
Is it a green "Monster box" like this one? That contains 500 eagles. Average price I've seen for raw 1986 Silver Eagles lately is around 40$ each give or take a few dollars. 
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Pillar of the Community
 United States
5765 Posts |
I have a customer that purchased some monster boxes and gave them to his kids as well, but I'm not sure of the years. I recently asked him about the value of a monster box and he thought they were north of the $17,000 range (+-$34 each) for current years. Price per coin tends to drop with larger quantities.
Words of encouragement are one of the major food groups. We need to consume them regularly to thrive and grow.
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New Member
 United States
3 Posts |
In response to questions asked, it's a standard box of 500 eagles. The receipt doesn't say that but Monex did confirm that. Attached is a picture. 
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Pillar of the Community
United States
5195 Posts |
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Pillar of the Community
1110 Posts |
Sounds about right. 500 x $34.00 = $17,000
I bet that box is heavy!
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Valued Member
United States
450 Posts |
Quote: Dad just passed and left us what he said is a 1986 sealed Monster Box of Silver Eagles. Absolutely nothing on the box, straps, or clasps indicates what's inside. We have Dad's receipt that he purchased them on December 24, 1986 and they were delivered on January 9, 1987... Sorry for the loss. I don't know of any way to distinguish the actual mintage year without opening the box. But my money is on 1986 since they didn't start striking them until almost November 1986 and the order was placed in December.
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Moderator
 United States
187446 Posts |
 to the Community! Sorry for your loss. 
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Valued Member
United States
139 Posts |
Looks like you have a monster box of bullion 1986 silver eagles (ASE's). There are alot of people getting them slabbed by mint, as in "stuck at the SF Mint or West Point Mint" since the US Mint released information how many ASE's were stuck each year and by which mint facility. None of the bullion ASE's have any mint marks, and can only be identified by the serial number on the monster box. So it is very important not to open the box or cut those straps until you talk to a few people who can tell you what you have, as they might be worth more in it's original un-opened monster box. So sorry for your loss, but happy your Dad purchased that box and kept it that way for you.
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Pillar of the Community
United States
3323 Posts |
How about an Early Releases pedigree on the very first ASEs! Could be a gold mine...
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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New Member
 United States
3 Posts |
Bump111- I'm a novice here. What does "early releases pedigree" mean and how could that be a "gold mine?"
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Pillar of the Community
United States
3323 Posts |
If the TPG can confirm that the items in the sealed box were released early in the production run, they will add that to the label. Lots of people want those early releases, I think due to the fact that the dies may be considered fresher? Others can comment on this better than I.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Pillar of the Community
United States
717 Posts |
Since you said you were a novice... Understand that to get a premium price there will need to be a lot of work involved. It appears that ungraded (what you have) 1986 ASE's are selling on ebay for about $40 to $50 each. If you extrapolate that to 500 coins, you get $20,000 to $25,000 value. But, you would need to make 500 ebay listings, pack 500 mailers, etc. If you sell them in bulk you will get less per coin, with less work for you. Someone may make more money by sorting through the coins, and finding suitable ones to grade, and getting a high premium for perfect or near perfect coins. That takes expertise, time, and some cash outlay for the grading company, with no guarantees that the grades will come back as expected. The lure of an original unsorted box like this is that it may be loaded with a lot of perfect coins! Sometimes that leads people to pay more than the normal value on the hopes of hitting it big. I am not an expert on ASE's, but this is how the collecting field works.
Edited by gymcoachdon 01/07/2021 11:51 am
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Replies: 26 / Views: 8,874 |