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 Replies: 15 / Views: 3,190 |
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Pillar of the Community
United States
787 Posts |
Hello All,
I am wondering if you have a preference of the American Silver Eagle versus the Canadian Maple Leaf?
I have purchased both, but have a preference for the Canadian coins. First, they are more pure. Second, they have a higher face value. Finally, so many Eagles are being produced now I feel they may soon just got for spot versus spot plus collectors value.
Let me know you take.
Thanks,
Kenscott
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Valued Member
United States
154 Posts |
According to this website, you are correct in saying that the Canadian Maple leaf content is .9999 fine, the highest purity of any government minted coin. However, considering that the American Eagle is more easily available OTC in most American cities and the shipping costs/import fees involved with the Maple Leaf make the cost much higher. From an economic standpoint, the American Eagle makes better business sense for investing. On the purity: http://bullion.nwtmint.com/silver_mapleleaf.php |
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Valued Member
United States
426 Posts |
I prefer the American Silver Eagle because the "milk spotting" issue on Maple Leafs drives me nuts. I literally have bought clean maple leaf coins at coin shows and stuck them promptly in a air tite just to have them develop the spots months or years later.
Of course if all you care about is holding silver than you could go either way.
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Valued Member
United States
337 Posts |
@RealPeso - What is "milk spotting"?
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Bedrock of the Community
13014 Posts |
Maples are more pure but it both are 1 oz of silver. Face value doesn't matter to me since both are far below melt theyll almost certainly never have a higher face than melt value. The uncirc and proof ASEs have held some sort of a collector premium for 20 years now so I'm not worried about that disappearing and the bullions never had one. I like the ASE better and think it has a far better design. The maple leaf is pretty bland. The Canadian wildlife series is really nice though. Quote:
What is "milk spotting"? Its a whitish spot that just appears on the coin. Basically like someone poured milk there which I'm sure is how it got its name. |
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Pillar of the Community
Canada
3692 Posts |
If the coin said a trillion dollars on it, does that make it better?
I prefer ones that have NO face value, only the weight and purity - telling me at a glance what it is, not how many imaginary "dollars" it supposedly has.
@cinemabon: Maple Leaves are only expensive outside of Canada, and Silver Eagles are expensive in Canada. What matters is your location and availability. One cannot expound their limits onto other areas of the world. Does that make sense?
Edited by Libertad
10/08/2012 02:36 am
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Bedrock of the Community
United States
10038 Posts |
Personally I like the design of the ASE's better. First b/c the classic Walking Liberty desgin is amazing. Secondly b/c HM effigy on the Canadian coins does not seem regal enough to me. It makes her look like anyone's grandmother instead of a royal look. I know HM must approve any effigy Canada uses, but this one cheapens her - IMHO. I think she needs a crown put back on her. Hey, they just renamed Big Ben in her honor - why not make the coins reflect a more monarch-like image? In fact, admittedly, the current effigy is the one of the main reasons I dropped collecting modern Canadian coins. An album page of the REVs is great, but an album page full of the OBV is just not eye appealing to me like the older effigies were. BTW - I DO like the ML on the REV. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United Kingdom
1682 Posts |
How about an answer of neither? I like the design of both coins with the American Eagle being my favorite but I find looking at the album of them to be a bit boring. Some variety can be had by different types of strikes, bullion, proof, reverse proof, and so on. Looking at reverses of the UK silver Britannia as a full set is very nice to look at since there are different reverse designs. Of course, like the Maple Leaf, the obverse is the Queen. There are reports that the UK Royal Mint in 2013 is going to release a Britannia coin without a mintage limit. So time will tell what this does to the series. Ken |
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Bedrock of the Community
United States
36826 Posts |
If I lived in Canada it would probably be the Maple. When selling ASE's here I can get a better premium in return than I can on a Maple so I like the Eagles. |
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Valued Member
United States
366 Posts |
I stack both and buy whichever happens to be selling for less (if possible) when I'm buying more.
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Pillar of the Community
United States
5858 Posts |
Quote:
However, considering that the American Eagle is more easily available OTC in most American cities and the shipping costs/import fees involved with the Maple Leaf make the cost much higher. From an economic standpoint, the American Eagle makes better business sense for investing. By "OTC" I assume you mean if you purchase directly from a brick & mortar coin store? If so, I can't really say whether that is true or not. I do know, however, that you can purchase Maple leafs cheaper online than ASEs. Goldmart, for example, currently has ASEs for sale at $2.59 over spot, whereas Maple Leafs are $2.09 over spot. And there's no extra shipping fee or anything for the Maples. Personally, I have one monster box of each (both purchased from Goldmart) and I love them both! |
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Valued Member
United States
379 Posts |
Definitely the ASE. I just dont particularly care for the design of the Maple Leafs. |
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Valued Member
United States
154 Posts |
From a bullion perspective, I can obtain Maple leaves at 15% less cost than I can ASE's via outlets. Local mark up is higher than internet sales (I can find wholesale discounts and breaks on shipping via internet sites). However, I've seen eagles selling at auction as if they were minted coins, getting higher prices than say Maple leaves, which again, begged the question from an investment stand point; should I buy silver bars instead of coins if I was simply buying bullion? Some silver bars retail at higher prices than both Maple leaves and ASE's. (Is it Leafs or Leaves in plural?) |
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Valued Member
United States
366 Posts |
If you have a preference then I'd say go with whatever you like. From a mere bullion standpoint go with the best deal you can find. I don't see why the silver has to be from US or CA, but the Austrian silver ounces are pretty nice too among others.
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Pillar of the Community
 United States
787 Posts |
Okay, it seems the hands down favorite is the ASE. For me though, I still prefer to stack the Maple Leafs seeing they can be purchased a bit lower than ASEs and seeing that I like the design better than the ASE. Also, for those who may wonder, I am an American so my preference is not based on nationality. |
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Pillar of the Community
United States
526 Posts |
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Replies: 15 / Views: 3,190 |
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Posted 10/10/2011 12:11 am
