Best Way To Invest In American Silver Eagles

Thanks for the comments, Dearborn! Nice collection of proofs in your sig block. That's one of my goals. I have about ten of the proofs already from childhood.

After doing some additional research and reviewing your response, it looks like I have articulated the age old question of collecting coins (like ASEs) versus stacking silver rounds. There seems to be two schools of thoughts. I'm thinking my personality and financial situation may be more geared toward collecting sets and rare coins as opposed to stacking generic rounds for the sake of preserving wealth. It seems more interesting.

That is my interest as well, but not just with ASE's I have collected complete sets of all modern US coins (as many as I can in BU condition - which is an ongoing endeavor)

Right now pass on buying ASEs unless they're under $30 which is hard to find.

Buy 10 oz bars with the lowest mark-up over melt.

How can you honestly say you like the price point?

Still to this day the premiums are too high.

You lost me at investment.

You are in our hobby for the wrong reasons, and when you get burned you will be bitter.

Coinweek actually had a good article on collecting ASE's that might give you some ideas and include some costs to consider if starting from scratch rather than say ordering one proof and uncirculated from each year from the mint directly or going to shows and cherrypicking top examples to grade yourself as the 'fun' https://coinweek.com/bullion-report...-strategies/ Something like the late stewart blay did including also copper us and canadian cents. http://goccf.com/t/438397

It is mostly those who are buying for the silver metal content rather than collecting say proofs or top grades or the interesting variations or labels who are the ones that suggest to avoid them right now as other options are out there with lower premiums for the silver content. Bullion premiums are quite sensitive to physical supply and demand and the 2023 American Silver Eagles sold by the US Mint were already sold out until 2024 by mid-September 2022 as one reason for a high premium. In other words suggested they should currently be avoided for bullion stacking and should move to a different government minted coin, and also for collectibility for the bullion in more than a small quantity as there are likely much better choices that would likely do better for possible investment purposes. (Rare coins, error coins, high demand, low supply coins etc)

As implied by the responses above, this is a good mindset for collecting ASEs. The current premiums are way too high for bullion to consider stacking, and the proofs/uncircs always carry a hefty premium. 10 years ago you could get MS bullion ASEs for $3-4 over spot but we haven't seen premiums that low for years.

The upside to stacking ASEs is they are one of the most recognized and trusted silver coins in the world thus they are very liquid (i.e., in an pinch you could move them quickly).

Good luck and keep us posted on your progress!

datadragon thank you for posting the coin week article. It was an inciteful article. I think I am going to stick with collecting ASE proofs.