What You Need to Know Before You Sell Silver Eagles
American silver eagles, the official 1 oz ash grey bullion coin of the United States, are the most acknowledge and desirable pure flatware coins available in the market today. These coins have been produced annually since 1986 with combined mintages in the hundreds of millions. This bombastic coinage hasn ’ t taken anything away from the value and desirability of the coins. If anything, it has enhanced it.
On the surface, one would think that all silver eagles were created equally, but that ’ s not necessarily the case. There are different dates, types, mintages, and particular edition coins that all deal at different prices. It ’ mho authoritative to be aware of these factors and which coins, in particular, sell at higher rates before you sell silver eagles. This will improve your chances of success and allow you to maximize your payout. Before we delve into the details of american english flatware eagles, we ’ ll begin our discussion on the history of eloquent eagles, and how they came to pass. We ’ ll besides discuss the three different varieties or types of silver eagles and which coins sell at a premium. We ’ ll wrapping up our discussion with some early interest facts surrounding these coins, including how they ’ re packaged or issued by the U.S. Mint and sold to the public.
History of Silver Eagles
American Silver Eagle
We ’ ll inaugural begin with the history of these highly desirable coins. The decision to have the U.S. Mint begin producing ash grey bullion coins is the solution that was proposed in handling the abundance of silver from the Defense National Stockpile. On January 27, 1983, Senator McClure introduced the first silver bear coin placard. After more than three years of legislation, Title II of Public Law 99-61, which is known as the Liberty Coin Act, was approved by Congress on July 9, 1985. The act authorized the issue of American gold and ash grey eagle coins, which were first produced by the United States Mint in 1986 and have been issued annually since that prison term. To this day ( some 36 years late ), American silver eagle coins are inactive the entirely official silver bullion coin of the United States, although a slender change was made to the coins in 2021. All silver eagles depict an image of Walking Liberty on the obverse and until 2021, a Heraldic eagle on the reverse side of the mint. The Mint redesigned the reverse image of the coin midway through 2021, which is nowadays a flying bald eagle with an oak branch in its talons. To differentiate between the two images, the master reversion persona is referred to as a “ Type 1, ” while the newfangled reverse is referred to as a “ Type 2. ” Both coins contain precisely one troy ounce of silver, have a face value of $ 1, which means that they ’ ra legal tender, and are guaranteed by the U.S. politics to contain the pin down honor and slant of the coins.
3 Types of Silver Eagles
Bullion Silver Eagles
We ’ ll begin our discussion with the standard bullion silver eagle, which is considered an investment coin and is most familiar to the public. These coins are typically sold in tubes of 20 coins and are available for leverage from mint dealers and other empower providers. In early words, the U.S. Mint does not sell these coins directly to the public. Most years trade at alike rates, but there are a handful that sell at slenderly higher premiums. In particular, silver eagles from 1986, 1994, and 1996 deal at higher levels than most other years. additionally, original rolls of silver eagles from 1999 and earlier are in slenderly higher need than silver eagles produced in 2000 or later.
Proof Silver Eagles
Most people are familiar with the standard bullion silver eagle, but beginning in 1986, a proofread version of the american english eloquent eagle was besides issued. These coins were produced at much lower quantities than their bullion counterparts, and unlike the bullion flatware eagle, are available directly to the public from the U.S. Mint. These coins are besides available through the junior-grade market and may be the best way to acquire them for most folks, specially if they ’ re in research of a detail year. The primary dispute between proof and bullion silver eagles is that proof silver eagles are numismatic coins. Numismatic means that they ’ ra buy and sold chiefly for their collectible rate as opposed to their silver medal capacity. These coins are specially popular among coin collectors. Considering that they ’ ve been issued by the U.S. Mint annually since 1986, except for 2009, assembling a arrant solicitation of these coins is within compass for most mint collectors. Most proof silver eagles trade at exchangeable rates to each early considering that about all of them were produced in quantities of 500,000 or more. however, the mintage of 1993 and 1994 proofread ash grey eagles was slenderly less. 405,000 1993 and 372,000 1994 silver eagles were produced, but the 1994 trades for roughly 25 % more than the 1993 proof eagle.
Burnished Silver Eagles
The third gear type of silver eagles produced by the U.S. Mint are what are normally referred to as “ burnished ” silver eagles. These coins were first produced in 2006 and have been produced per annum except for 2009 and 2010. These coins exhibit more of a matte-like eat up, and like the proofread eloquent eagles, are available for direct purchase by the public from the U.S. Mint. On the surface, these coins may have a exchangeable appearance to the bullion silver eagles, but there are slight differences that help to properly identify them. In addition to having more of a matte coating, the coins can be identified by a “ tungsten ” mint chump on the reverse side of the coin. This mint punctuate indicates that the coin was produced at the West Point Mint. however, it ’ sulfur authoritative to note that most proof silver eagles besides have a “ watt ” mint punctuate on the reverse side of the mint. The difference between the coins is that proof ash grey eagles are prepared with a special dye and are double affect, which provides a mirror-like end background and a frosted foreground. Burnished silver eagles sell for slightly more than bullion argent eagles and for the most contribution trade at exchangeable rates amongst each other. The only exception, at least vitamin a far as criterion consequence coins go, is the 2006 burnished eloquent eagle, which trades for a few dollars more.
Special Edition Silver Eagles
The U.S. Mint has issued a number of limited edition, commemorative and anniversary sets over the years, which were produced in different quantities. As you would expect, they trade at unlike prices based on their curio and popularity. While a discussion of the total count of sets and individual coins within each set is beyond the setting of this article, we ’ ll foreground for you what are normally considered the three most valuable coins. furthermore, we ’ ll limit our discussion to raw or ungraded coins and standard mint coins.
1995-W Proof Silver Eagle
The 1995-w proof silver eagle, which was only available as region of a 5-coin proof gold and silver eagle anniversary set is broadly considered the most sought and valuable of the flatware eagles. Please note that this coin has a “ w ” mint mark on the reverse side, whereas the standard proof flatware eagle, issued by the Philadelphia Mint, has a “ phosphorus ” mint target. A total of 30,000 10-year anniversary sets were issued by the U.S. Mint, and since this coin was merely available as function of the 5-coin set, only 30,000 of these coins exist. Because of the limit production, they trade at a solid bounty over most early proof silver eagles, regularly fetching $ 2,000 or more. Certified versions, specially those graded as a perfect “ 70 ” by NGC or PCGS, trade union of $ 10,000.
2019-S Enhanced Reverse Proof Silver Eagle
The 2019-s enhanced change by reversal proof silver eagle made quite a spatter when it was released by the Mint in 2019. There was a full bit of hype surrounding the unblock in character because of the restrict mintage 30,000 coins, the lapp as the 1995-w proof silver eagle. One concern aspect of this coin is that it was issued with a count certificate of authenticity ( COA ). The series count corresponds with the order in which the coin was produced. For model, the first coin will have a serial number of “ 1, ” while the concluding mint will have a serial number of “ 30,000. ” When first issued, there was frightful demand for some of the earlier serial numbers. In fact, concisely after their passing, a seller on eBay was asking north of $ 100,000 for serial number “ 1. ” demand has cooled slenderly since the secrete of these coins, and even though they have the lapp mintage as the 1995-w proof silver eagle, they sell for well less. At the time of this writing, this mint trades in the $ 800 – $ 950 range.
2008-W Reverse of 2007 Silver Eagle
As we discussed above, most burnished silver eagles trade slenderly above bullion silver medal eagles, but there is one exception, the 2008-w reverse of 2007 burnished eloquent eagle. On the coat, this sounds like a mouthful, but it ’ mho basically describing the turn back slope of the coin. curtly following the issue of the 2008 burnished silver eagle, collectors identified an error or supervision on the reverse side of some of the coins. With deference to standard-issued burnished silver eagles the “ U ” in the bible “ United ” on the reverse side has a spur and the hyphen between the words “ Silver ” and “ One ” is angled. The mistake or variety mint has the reversion side of a 2007 burnished ash grey eagle, which is slightly unlike. The 2007 burnished ash grey eagle has a bowl-shaped “ U ” and a dash between the words “ Silver ” and “ One ” that is shaped more like a tilde. This coin, when accompanied by a box and COA, trades between $ 300 and $ 350. No one knows for certain how many of these coins exist, but the U.S. Mint estimates that 47,000 of these varieties exist. This is in comparison to a full mintage of 533,000. In other words, approximately 10 % of the 2008 burnished ash grey eagles were produced with the 2007 reverse.
How Silver Eagles are Packaged
We ’ ve referenced some of the U.S. Mint promotion used on the different types of silver eagles but will go into a snatch more depth in this section so that you can clearly identify which coin is which. standard bullion silver eagle coins are produced in rolls of 20 coins by the U.S. Mint. The tubes are opaque with a green US Treasury cap. Since these are investment coins and were never released into general circulation, they should basically be perfect. Coins that have been handled exhibit contact marks and or toning. The U.S. Mint distributes these coins to empower dealers in 500-count boxes, frequently referred to as “ monster boxes. ” The term “ giant box ” is dearly given to describe the large and heavy green boxes containing 500 coins that are distributed by the U.S. Mint. The mint places straps on the boxes ( lengthwise and widthwise ) to prevent the coins from becoming free while in transit. If sealed, they typically carry a slightly higher premium than boxes that aren ’ thymine sealed. This is primarily because likely buyers have less refer about the coins being forge and eliminates the need to double-check the coins to confirm their authenticity. The burnished and proof coins are packaged differently than bullion silver eagles. Rather than consisting of tubes of 20 coins, they ’ re individually packaged in boxes with a certificate of authenticity. The burnished silver eagle box includes the following words “ One Ounce Silver Uncirculated Coin ” on the lid while the lid of the proof silver eagle has the adopt note : “ One Ounce Proof Silver Bullion Coin. ” The packaging of the validation silver eagles is a bite more elaborate, as they include a velvet case in summation to the outer box.
Summary
In summary, we began our discussion with the Liberty Coin Act, which led to the issue of flatware eagles beginning in 1986. We then highlighted the three elementary types of silver eagles, namely bullion argent eagles, proof silver eagles and burnished silver eagles. We continued our discussion with a list of some of the most valuable coins from each class and provided some estimated values, where possible. As we noted, in some cases, these coins can sell in the hundreds of dollars, if not more. We then discussed which coins are available for direct leverage from the populace and how they ’ re packaged indeed you can easily identify which coins are in your solicitation. Whether you ’ re in the market to buy or sell american argent eagles, Atlanta Gold & Coin should be your one-stop destination. We regularly deal in all three types of american english eagle flatware coins that we highlighted above and have the expertness to guide you during your visit, helping you to realize the most measure when selling silver eagles.
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