American Silver Eagle Proof Coins: Here’s Proof Why These Coins Are Worth The Extra Cost
American Silver Eagle Proofs are in high demand right now. Many collectors have proudly put together complete sets of the series, that contains every single date obtainable.
When the most recent American Silver Eagle Proof was released late this past year, on November 19, 2010, it could be purchased for .95 through the U.S. Mint. Each and every household was strictly limited to buying a total number of one hundred coins.
Public demand ended up being very strong, to say the least!
In the first hrs subsequent to the coins release, the U.S. Mint suffered a variety of difficulties by clients who tried to buy from the website or even utilizing their toll-free number.
The proof silver eagle ended up being sold out by the end of December, having sold out quickly.
834,879 coins were purchased based on the most current sales record from the U.S. Mint!
Taking into consideration the fact that the premium that you pay is considerably above the actual spot price of silver, you might question the reason why the desire with regard to these coins is so high.
Were the proof versions really worth the extra amount you pay out?
I resolved to do a little investigating. . .
To start with, let's examine precisely what tends to make this specific coin so exceptional.
1. Each and every coin is composed of exactly one ounce. of .999 fine silver.
2. If you glance carefully at one, you will observe immediately their particular astonishing splendour, extremely sharp relief, as well as a backdrop which is nearly mirror-like. They have a unique cameo effect due to their frosted, sculpted foregrounds.
3. To realize all of this fantastic splendor, the silver eagle proof coin is actually created by way of a specialised minting practice.
4. All this commences when a burnished silver coin blank is pressed, and then fitted together with unique dies.
5. So as to supply the detailed images the sensation of floating above a reflective field, it is then struck numerous times.
6. After careful inspection, the coins are ultimately sealed inside a protective plastic capsule.
7. Finally, they're placed inside a stunning presentation case that's covered in blue velvet. Inside, the case is lined with satin and includes an authenticity certificate that's signed by the Director of the U.S. Mint.
Thus all that additional manufacturing expense, time, labour, energy, etc. is factored into the price of the proof eagle. That is the reason for the excess premium.
Additionally it is important to note the fact that proof type has never been handled by human hands and that is the reason why they are so highly sought after and are valued at more than their own common bullion counterpart.
And so now we know the real reason for the additional premium. Nonetheless, are the American Eagle Silver Eagle proofs worth the excess price?
Recently, I did some research on the well-known auction site, eBay, to attempt to ascertain the recent selling prices for the the year 2010 Silver Eagle Proofs.
Exactly what I learned was the fact that sell amount varied, depending upon the particular grade belonging to the coin -- whether or not it was PCGS PR70 First Strike or PR69, and so forth. At the time this particular article was written, the typical selling price seemed to be around .00.
That's an increase of greater than 30 % since their November 19th launch date. (Please note: the price of silver might have risen or declined during the time you might be reading this write-up and so existing auction prices might be much more or less, depending upon the spot price of silver).
Let's say, you'd purchased a regular bullion silver eagle on the exact same time frame, using the ending price of .35. You would now have a gain of only 9.69%!
It is also fascinating to take note that special edition silver proof coins like the 1995-W Proof Silver Eagle and also the 2006 Reverse Proof are usually valued at even more!
The 2011 Proof Silver Eagle coins won't be available for sale from the U.S. Mint until July 6, 2011. And even though you can no longer order the 2010 American Silver Eagle Proof coin through the U.S. Mint's website, they are still available for sale at: http://BullionBargains.us
Article from articlesbase.com
 | US $104.95 End Date: Tuesday Feb-07-2012 6:28:22 PST Buy It Now for only: US $104.95 Buy it now | Add to watch list |
where can i find out how much this is Worth!?
2001 silver amarican eagle one dollar coin specificatuons.
condition- proof
date-2001
mint-west point mint
mint mark- "w"
diameter-1.598 inches (40.60mm)
thickness-0.122 inch (3.10mm)
composition-99.9% silver
weight-1.0000 troy oz.(31.103g)
content silver0.999 troy oz(31.072g) balance copper
design-obv:adolph a. weinman's full lenght figuer of liberty in full stride, enveloped in folds of the flag,with her right hand extended and branches of laurel amd oak in her left rev: heraldic eagle with shield, an olive branch in the right talon and arrows in the left.
Silver Eagle Proof Coins Ending Soon on eBay:
1990-S~NGC PF 69 ULTRA CAMEO PROOF AMERICAN SILVER EAGLE~1ST YEAR~~BETTER DATE
| US $104.95 End Date: Tuesday Feb-07-2012 6:28:22 PST Buy It Now for only: US $104.95 Buy it now | Add to watch list |
Numis Network Review – Are the Numis Network Graded Silver and Gold Coins Worth the Money?
The Numis Network is a network marketing company that markets silver and gold numismatic bullion coins.
I've invested tens of thousands of dollars in the same type of silver and gold coins that Numis sells. In fact I have 7 Silver Eagle coins on my desk in front of me, to remind me to work hard towards my goals.
I believe that people should invest in these type of coins to potentially profit as metal prices rise, but more importantly, for protection as the dollar is being devalued so much that it could eventually fail.
What I don't believe in is PAYING TOO MUCH for your investments. When you purchase modern silver and gold numismatic bullion coins from a reputable dealer, you pay the spot price (the current price of that precious metal) plus a small commission.
So is an ANACS MS70 graded 2009 Silver Eagle worth 5x more than a non-graded 2009 Silver Eagle?
* Numis charges $125 for their ANACS MS70 2009 Silver Eagle.
* A non-graded 2009 Silver Eagle is $20.
The answer is NO...
Each coin is basically worth the SPOT PRICE of the precious metal content.
Don't believe me? Take a new 2009 ANACS MS70 Silver Eagle to a local reputable dealer and see what they will pay you for it.
The grading of modern numismatic bullion coins is practically WORTHLESS and the only real benefit is that the coin has been certified to be real and it's in a protective plastic slab.
The reason companies now grade newer coins is because they get paid for every coin graded and they've SOLD OUT for profits. How hard is it to grade a new coin?
The grading system was developed to set a standard for evaluating the worth of OLD coins such as silver Morgans or gold St. Gaudens.
Numis Network says that "Graded silver and gold numismatic coins are not ordinary, they are special. The value of these collectible coins is based not only on their precious metal content, but also on rarity, collector demand, and their actual condition."
* The precious metal content is the current silver spot price for one troy ounce of silver, which is $18 right now
* There have been HUNDREDS OF MILLIONS of Silver Eagles minted in the last decade, so they are not rare.
* Serious coin collectors have no interest in paying 5x the spot price of the precious metal content, for a coin that is not rare.
* Of course the condition of new Silver Eagles is pristine... they just got STAMPED at the mint. What would you expect?
So the only real value an ANACS 2009 MS70 Silver Eagle has is its silver value, which is $18.
That would mean that a Numis Network customer would have paid $125 for a coin that will only sell for $18 at a reputable dealer.
And since it's not a rare, 'collectible' coin whose value will go up significantly over time, the only way for them to recoup their investment is to wait for silver prices to rise above $125; or to sell it on eBay to someone else who is IGNORANT about silver coin terminology and values.
So is there a Numis Network scam?
Hopefully the above information has helped you get the information you need to draw your own conclusions.
This article was written by David Wilcoxson who wants to help people get accurate information to make informed decisions about their home business. Click here to read the comments from my Numis Network Review blog post.
For more information on how you can generate MLM leads, earn affiliate income and build your primary business opportunity, click on MLM Lead System.
eBay Ending Soon:
1994 AMERICAN SILVER EAGLE PROOF DOLLAR US Mint ASE Coin with Box & COA
$105.95
3h 57m
2006-P Silver Eagle - REVERSE PROOF NGC Proof 69 - PF69
$255.00
22d 13h 50m
1986proof, 2010 proof, 2008 uncirculated, (3) 2010 uncir.2011 silver round eagle
$240.50
5h 24m
