Eagle's for numis investment ?
 

When I first started purchasing bullion I figured that the 1/10 eagle
series would be a cheap an easy way into the realm of PMs.

I also thought about the numis side as well and I faithfully searched for the
back dates that I needed. Now years later I have completed my 1/10
sets both Au. and Pt.

I wanted an appraised value value so I took my sets to a coin dealer and
was told melt value for the sets because its bullion and there not really
a numismatic coin.

Needless to say I wasn't very happy.

I consider all the eagle series both numis & bullion. If it's not then how come the
1996 Ag. eagle more than the rest ? How about the 1988 or 91 1/10 Au.
and the 2007 1/10 Pt. has a mintage of only 7000

Does anyone here consider the eagle's as not only a bullion investment
but a numis investment as well ?

Re: Eagle's for numis investment ?
 

On an individual basis, I don't think that the 1/10th toz Au/Pd Eagles have numi value. But as you have a set, they do IMO. Find another dealer, or eBay them.

Re: Eagle's for numis investment ?
 

Check the prices of graded bullion eagles.
If you have the set, you should have a 1988 (worth more)...and the 1999 struck on a proof.
http://www.pcgs.com/prices/PriceGuid...le=Gold+Eagles

Re: Eagle's for numis investment ?
 

The numismatic interest is fringe at best. They are bullion coins. Only the relatively lower mintages command premium. The 1/10s are definitely in higher numismatic demand but it is not advantageous to market a set to a coin shop dealer. You have to target the market and it ain't on your local street corner.

Re: Eagle's for numis investment ?
 

If Gold goes over $1200 an ounce and Platinum returns to $1600 or better they will be worth MELT VALUE ONLY! Cheap physical bullion has been my mantra since 2002 and I stay the course.

Re: Eagle's for numis investment ?
 

I agree with your post.

They are mostly dubbed as bullion coins. The lower mintage #s will bring higher value as well as the BU condition. Some dealers may pay you a buck or two more for a BU than a totally circulated eagle. I'm sure other may not.

THIS is a True Numismatic.
https://www.apmex.com/Resources/Cata...49926_Slab.jpg

Very Rare Variety. PCGS has only graded 10 in all grades. There are only 3 in XF-45 with 3 graded higher.

When the obverse and reverse dies clashed without a planchet to be struck, the E in Liberty on Lady liberty's head band, transfered on to the reverse die, below the eagles tail feathers and to the left of the wreath bow.

-------------------------------

See the difference.

Numis are for the most part minted coins by the government used or once used as circulating currency. The real money comes from having a specimen that is old, rare, or erroneous, and Uncirculated.

From wiki
History student may have something to add on this.

Re: Eagle's for numis investment ?
 

Cheap physical bullion will fetch the same melt as these coins. Sorry to say this MO.

MELT is MELT, it all goes in the same furnace no matter how scratched, dented, uncirculated, pretty or sentimental it is.

This DOES NOT bean you cannot get higher premiums by selling either to another dealer, on fleabay, etc.

Like SLV said you have to find the market.

Re: Eagle's for numis investment ?
 

Re: Eagle's for numis investment ?
 

^

What he said.

Re: Eagle's for numis investment ?
 

An Eagle is worth precisely what someone is willing to pay for it. If it's a price that's comparatively near spot, then the Eagle doesn't have numismatic value.

The problem with these bullion coins is that so many of them have been produced and they're all Uncirculated to GEM Unc. It's this way with the States Quarter series too....so many produced and gad-zillions of them being put away in drawers = will always be scads of uncirculated coins = at most very little numismatic value ever.

I started to put a set of ASE's together for my grandson when he was 18 mos. old, then quit because I realized the coins are never going to be worth much more then the value of the silver they contain. IMO he will be better off with my putting another set of something together that has potential for numis. gain.

Re: Eagle's for numis investment ?
 

If you want numismatic silver bullion look to lunars and kooks. Brits work too but the premium paid kinda detracts from the premium gained in a big way. Also, fractional lunars carry big potential thanks to the dramatically lower mintages. They can be much harder to find but that would because people hang onto them (a good sign) and, well, the lower mintages.

Re: Eagle's for numis investment ?
 

If I might add i am surprised the dealer would lowball the Platinum fracs.
Sounds like he's full of sh!t. Go somewhere else.

DEFINITELY do nots sell for melt.

By the way people do know there is a difference between melt and spot right?
I remember someone asking a while back and many responding, that it is the same thing which it is NOT. dealers use the term incorrectly all the time.

Re: Eagle's for numis investment ?
 

I have no interest in selling. I was only going for appraised value just in case something
bad happens on my upcoming boat trip.:wink:

It started as an easy way into PMs then grew into sets and I agree it is first and
foremost bullion thats why I bought them and when I started the backdates I was under
the presumption that if and when I sold them I would get more for a set rather than the
same amount of coins in a single date

But it's a double standard for these people if i wanted a backdate or low mintage coin they
push the intrinsic collectable numis crap and if I wanted to sell it then it magically turns into
just a bullion coin that I get melt for............which they will turn around and sell to the next
guy as a low mintage key date collectable.

I like my sets.... and will keep my sets but this is one of the reasons I stopped buying
eagles or any denomenated bullion coin.

And I doubt this will happen but it will be a cold day in hell before I submit to a
mandatory exchange of bullion for face value.