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 Replies: 17 / Views: 3,042 |
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New Member
United States
14 Posts |
Hello!
Just started collecting coins. I had a question. What would be a better buy a Government Proof Silver Eagle or the Uncirculated one?
So far I just have all the Government Proofed Presidential coins.
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Pillar of the Community
United States
6326 Posts |
That's a decision you have to make as a collector. You decide what you want to collect and what you want your collection to look like. With ASE's( American Silver Eagles), I prefer the Proofs myself (though I have both). Some folks prefer their Uncir. or Proof to be "slabbed" too. (which is a term applied to getting a coin certified by a top coin grading company---it comes back to you in a tamper proof plastic slab with a specific coin grade.) There are THREE kinds of ASE's........ Proofs, Burnished Uncirculated (sold directly from the Mint), and the Uncirculated Bullion ones that come in the "Green Monster Boxes".....these Bullion ones cannot be bought from the Mint directly, you have to buy them from secondary dealers, and can generally be had for around that days "spot price"."Investors" vs. "collectors" is another issue as well. In this case, an "investor" wouldn't buy either of these issues (Proof OR Burnished Uncirculated), because they are only interested in "Bullion" ASE's, to buy and sell as they please or when the market provides them the bounty they deem well enough to sell them for a profit at that particular time. Could be known as "gambling" too......the markets can be a rollercoaster ride. Edited by eaglefoot
01/23/2011 11:22 am
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Pillar of the Community
United States
524 Posts |
 I only buy the uncirculated ones. They are closer to melt and have potential to go up further. I remember buying them for $7-$8 dollars and now they are $30+. Since the proofs are already so far over melt I don't see them moving up as much. I don't collect as an investment per say but I do like my coins to appreciate if possible. |
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New Member
 United States
14 Posts |
Ok Thanks.
I was just wondering because the Proofed one is $65 while the Uncirculated one is $32 from the coin shop I'm looking at. The proofed one comes with the box and paper work it said.
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Pillar of the Community
United States
1213 Posts |
As Eaglefoot said, it's up to you to decide.
Personally, I collect the proofs but occasionally I'll get an uncirculated one also if it looks really nice / has pretty toning. The uncirculated ones get sold on now & then but I plan on keeping the proof ones.
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Moderator
 United States
56855 Posts |
Are you collecting them as an investment or because you like how they look. As an investment only go with Unc. they are closer to melt value.As a collectible go with the Prf. or high grade Unc.IMHO,
John1 
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New Member
United States
14 Posts |
I guess I'm really collecting them cause I always had a interest in coins. I don't really see myself selling them unless I run into hard times and need extra money.
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Valued Member
United States
214 Posts |
i collect the uncirculated. and burnished. (only 3 + the error), just started on the proofs. they are kind of expensive so I only got a couple of them. very nice looking coins though.
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Pillar of the Community
United States
2424 Posts |
in my honest opinion, I would be cautious to buy silver eagles right now with how volatile the market is. however, if you have the cash, then go for it!
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New Member
United States
14 Posts |
Thanks again guys.
I thought about trying to get one eagle from every year if I can.
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Bedrock of the Community
United States
14454 Posts |
if you are wanting to collect them its really up to you which you like best. Some people like the mirror fields of the proofs (myself included) and choose to collect those. Some people like being able to purchase the bullion version because of the price and you know they will make them each year no matter what, and as we all know the same isn't true with the proof version. I like the collectors version of the Uncirculated ASE (made with Burnished dies) and the Proofs but that is just me |
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Bedrock of the Community
United States
17884 Posts |
Debends on what you mean by better.
If you want to have all the proofs it is better to buy the proof one.
If you want all the bullion strikes it is better to buy the bullion one.
If you want both it is better to buy both.
If you want an investment it is better to buy a mutual fund.
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Pillar of the Community
United States
6326 Posts |
Quote:
If you want an investment it is better to buy a mutual fund.
  Edited by eaglefoot
01/25/2011 10:35 am
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Valued Member
United States
364 Posts |
Just mix and match. Buy a proof or two for your personal stash, but stock up on the regular bullion coins so you can diversify your portfolio with a true bullion investment.
By the way, if it's all about silver per dollar invested, U.S. junk silver is a way better deal.
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Valued Member
United States
92 Posts |
I love the SAE it's a beautiful coin,I collect all I can afford to. I've got an album from 1986 to 2011 raw.A 25 year anniversary set NGC MS69. A collection of 1st year of issue,early releases MS69.Wish I started a NGC Proof 70 back in 1986 but I did not and that set is valued big time now.
Whatever you collect,whatever you can afford,enjoy the adventure. gasman96
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Valued Member
United States
361 Posts |
Personally I like the beautiful cameo appearance on the proof coins. They have been priced a bit high for the last year or so. I don't mind paying 15-25% over spot but when the asking price is so far above spot, for what I consider a bullion coin-no matter how pretty, I hate to buy too many. If you are just talking one coin go for the proof. If you are talking quantity I would opt for the unc. Either way, you have to buy what makes you SMILE!
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Replies: 17 / Views: 3,042 |
Posted 01/23/2011 11:19 am
