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Breaking These American Silver Eagles Out Of Their Slabs?

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 Posted 05/22/2023  4:15 pm Show Profile   Bookmark this topic Add kennedy759 to your friends list Get a Link to this Message Number of Subscribers
I am filling a silver eagle caps album, I bought these for about $35 each with the intention to fill holes. would you break them out?
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jbuck's Avatar
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 Posted 05/22/2023  4:26 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
If you bought them to fill holes, then fill the holes!
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Morgans Dad's Avatar
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 Posted 05/22/2023  4:52 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
They are Dying to Break Free..........
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 Posted 05/22/2023  5:10 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
Depends what your goals are. If you are first and foremost a collector rather than someone looking for investment, or someone like Dearborn on this forum who has bought high quality Dansco albums rather than cheap folders and has goals of filling them which is what you mentioned in your post, or those like Jbuck that mentioned they collect and dont generally sell, then it makes great sense to go ahead and crack out coins to fill your album which is your stated goal...Also at that value its really not that big of an issue compared to say a very limited release in top grade that would be considered rare and hard to replace at a particular grade. Would I crack out the very top pop graded cents that are likely some of the best in the world such as Stewart Blay's collection? In those cases, no. https://www.coinworld.com/news/us-c...ent-bests-1m

There are a few other reasons I can think of as well. The best quote I ever read on this on forums which jumped out at me since I loved collecting cents first as a kid...quote "I bought one (a 1909-s vdb Lincoln Cent) today (my second one), cracked it out of the slab and filled that hole in my little blue Whitman folder, something that I have been wanting to do for 57 years! A childhood dream come true..."

Now if you are more into the value/investment/selling aspect of coin buying and selling, then you need to consider that removing coins from slabs can potentially hurt their value when selling, and a small possibility to reduce its condition over time depending on the quality of the album, further exposure to the environment etc over time. In those cases you keep all coins that are graded in a separate storage. There really is no right/wrong answer.
Edited by datadragon
05/22/2023 5:17 pm
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 Posted 05/22/2023  5:22 pm  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
If you bought them for your album, then break them out. They might have slight added value if they were graded MS70, but at MS69 they are not much different in value than a nice uncertified ASE.
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 Posted 05/22/2023  5:56 pm  Show Profile   Check Gilly's eBay Listings Bookmark this reply Add Gilly to your friends list Get a Link to this Reply
Bear in mind this is coming from a collector who does not really care for graded ASEs.
The 1995 I would break out without hesitation.
The 2011 I would not, because it's from the 25th Anniversary set. You'll never get that designation again, once it's broken out.
So if leave that one, stack it or flip it, find another good raw one or one without the designation. Someone will want that coin some day.
Unless I'm mistaken and it's not from the set. The was a bullion ASE in that set and I think that's what the label is implying. (?)
Edited by Gilly
05/22/2023 5:57 pm
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 Posted 05/22/2023  6:13 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Unless it's a 70, let the Eagle fly free.
Inordinately fascinated by bits of metal with strange markings and figures
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 Posted 05/22/2023  7:27 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
Gilly, Good Call on the UNCIRCULATED Version in the 25th Anniversary Sets..... There were a Few in the Set, The 2011-BULLION coin, which the TPG's Usually mark the Label with a set of ( ). Of which, I do Not see in the Original Poster's Pictures.

There was Also the 2011 "Burnished or the Uncirculated finish, That was minted @ West Point, with a W Mint Mark. though, There is No indication of Any mint given in the Pictures.

There was Also Another Burnished Version , minted @ San Francisco, with the S Mint Mark, Your call as to EXACTLY which coin the Shown coin is , I am Not Sure....

ps, I will say the Coin shown is Probably the Bullion version from the Set, According to the Label.NO?
Edited by Morgans Dad
05/22/2023 7:28 pm
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 Posted 05/22/2023  8:05 pm  Show Profile   Check Gilly's eBay Listings Bookmark this reply Add Gilly to your friends list Get a Link to this Reply
My feeling is that this is the bullion from the 25th Anniversary set.
I am not sure about the label.
Does saying "25th Anniversary" on the label mean it's from the set, or just saying that 2011 was the 25th anniversary? Very confusing. Possibly the number on the slab would tell if he researches it.
They pulled the same thing with the bullion 2016 ASE where the label would say "30th Anniversary", but it was a normal reeded edge eagle, not a lettered edge.
But at any rate:
The really special 2011 yes was the Uncirculated S, the only Uncirculated that isn't a W. The 2011W Uncirculated you could also get individually, but the S was only in the 5 coin set.
The mint did later say that the bullion in the 5 coin set was minted in San Francisco. But you wouldn't be able to get that implied mint mark now unless you had a set that is still sealed in the mint shipper. Unless they works add the implied mint mark if you had a slabbed one marked with the 25th Anniversary Set on the label, unsure about that for sure. Not sure if it makes it worth that much more.
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 Posted 05/22/2023  8:50 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
I will say the Coin shown is Probably the Bullion version from the Set, According to the Label.NO?


No, I believe its the standard bullion not from the 25th anniversary set that has a eagle 25th anniversary with blue early release label. The 25th anniversary set early release as below says its the 25th anniversary set and has the special standard label : Silver Eagle 25th Anniversary #68 Eligible Coins were the 2011 25th Anniversary Silver Eagle Set (Default Label) https://www.ngccoin.com/coin-gradin...ns-and-sets/


Breaking-These-American-Silver-Eagles-Out-Of-Their-Slabs?

The 25th anniversary set includes each of the following Silver Eagles: "W" mint mark burnished, "W" mint mark proof, "P" mint mark reverse proof, "S" mint mark uncirculated and no mint mark bullion.
Edited by datadragon
05/22/2023 8:52 pm
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 Posted 05/22/2023  9:09 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
David, I am confused More by the Labels. Believe Me, I know the Series, Just Not the Labels.......
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 Posted 05/22/2023  9:41 pm  Show Profile   Bookmark this reply Add kennedy759 to your friends list Get a Link to this Reply
cracked out the 1995 and its a fake, only weighs 25.83 g
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 Posted 05/22/2023  9:52 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
seeing you went and bought them for a specific reason, I would crack them out for your caps album.
David brings up a good point that the OP's 2011 just says 25th anniversary - and any 2011 ASE can get that nomenclature, but If it had the special 3 letter word 'SET' after it, then I would probably leave it caged up and get another.
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 Posted 05/22/2023  9:54 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply

Quote:
cracked out the 1995 and its a fake, only weighs 25.83 g

Wait, a fake? PCGS 'certified' it as authentic. Can you post up images of it out side the slab?
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