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2011 American Eagle One Ounce Silver Uncirculated Coin (1-P6)

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unholyroller's Avatar
United States
1903 Posts
 Posted 08/27/2011  6:15 pm  Show Profile   Bookmark this reply Add unholyroller to your friends list Get a Link to this Reply
Why oh why do people complain about 20% over spot or even 40% over spot. When you boil it all down, these coins are just jewelry you hold in your hand. Most retail jewelry stores mark their inventory up 200-300%, same basic gold and silver coins are made from, so how is something 20% over spot price gouging? Even 50% over spot doesn't seem out of line to me when you consider what it takes to make a coin. I figure if we squeeze the mints hard enough and make them look unprofitable on paper we will just further justify the discontinuation of coin minting all together
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muddler's Avatar
United States
7194 Posts
 Posted 08/27/2011  6:21 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
I will probably not get the burnished single coin and wait for the 25th anniversary 5 piece set that should include this coin. In 2006 I had purchased the proof and burnished and then they released the 20th anniversary set making me get an extra proof and burnished so I could get the reverse proof.
Valued Member
coinsandcoins32's Avatar
United States
159 Posts
 Posted 08/27/2011  10:30 pm  Show Profile   Bookmark this reply Add coinsandcoins32 to your friends list Get a Link to this Reply
I noticed That not only the ASE's were going for about 60, but also almost every silver 1oz coin on ebay is too!!
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DNA's Avatar
United States
2734 Posts
 Posted 08/27/2011  10:52 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
I will probably...wait for the 25th anniversary 5 piece set

As excited as I am about that set , I do want at least one individual 2011-W Unc.

Quote:
...they released the 20th anniversary set, making me get an extra proof and burnished

Having two extra ASE's in your collection is a problem?
Especially when they're collector versions you bought for less than their current melt value?

I've never considered duplicate silver coins in my collection to be a "problem".
Signed, proud owner of ten 2007-W Burnished ASE's in their OGP

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clairhardesty's Avatar
United States
1027 Posts
 Posted 08/28/2011  08:22 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
I have had a subscription order in place for five UNC SAEs since 2007 when they were $21.95. I briefly considered stopping it this year but have decided to let it ride. For one thing I am near the front of the subscription line and the new price means that I will get overnight shipping free (the five coins are now over $300) so I will be among the first to get the coins. The 2006 coins (I have four, three in the original velvet pouch and one in the anniversary set) and they are now worth about $80 each because of the low mintage and high demand. This year;s proof coin may ultimately be worth less than the uncirculated version because of supply and demand also. It looks like this might be a record or near record year for proof production and since it is the return year for the UNC coin, demand may remain high. It does look now that the five coin 25th anniversary set will be priced over $300 but at least it will contain two unique coins that should make it a bargain at that price. The S mint mark uncirculated coin and the P mint mark reverse proof will only be available in the set. The set will also contain an "extra" W UNC and proof and a markless bullion coin (which could be of either West Point or San Francisco origin).
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wif99's Avatar
United States
377 Posts
 Posted 08/28/2011  08:53 am  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply

Quote:
Were you a seabee or were you married to a seebee


ianmprice, I was in the seabees from 63-70, therefor I am and always will be a Seabee

For clarification, My original question was who is buying this Eagle. I buy 5 every year that they are available, and will do the same this year

The last 5 I bought in 2008 were all reverse of 2007
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DNA's Avatar
United States
2734 Posts
 Posted 08/28/2011  11:10 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
who is buying this Eagle?

Me! At least one individual coin, and also in the five-coin set.

I loaded up on new 2011 ASE Proofs, anticipating a possible price
increase on this item before the end of the year (that will now happen).
However, I did not expect the Unc. burnished W to come back this year.
(and priced higher than the 2011 Proof's initial issue price, to boot!)
The higher price and issue later in the year suggest the 2011 Unc. W
will be lower-mintage than the 2011 Proof, so I should load up on these, too...
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perfessor's Avatar
United States
927 Posts
 Posted 08/29/2011  12:42 am  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
Instead of repricing these coins on a regular basis because of the volatility of silver, why not just list the price as a percentage over spot (the mints choice) on the day the order is placed/accepted? Then the buyer could decide when to buy or not. Would this work?
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DNA's Avatar
United States
2734 Posts
 Posted 08/29/2011  9:32 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
Of course daily "spot-plus" pricing would work.

But the Mint can't do that, it makes too much sense.

I would set the price as a fixed premium over spot, for example
W-Unc. (burnished) at "spot + $15", and Proof at "spot + $25"
Edited by DNA
08/29/2011 9:43 pm
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