Morgan says, "The 2008 Silver-Eagle may be the last"
 

So I picked up a box of them. First ones since 2003 in bulk.

Recently I conned MYSELF into buying Silver Eagles from 2001 2002 2003 2004 2005 2006 2007 2008 - in PF70.

I had 'em back to 1986 in PF69 - but I never bought the 70 coins until this month.

If Morgan is right about a the Silver Eagles - well it's time to take the risk and see.

The premium is really high too! :banghead::banghead::banghead:

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Morgan who?? Link please.

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

he is referring to David Morgan of www.silver-investor.com ... I think he mentioned it on the podcast at www.financialsense.com

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

you bought ms70's? what the fak for? when pcgs and ngc are exposed as the scammers they are the coins they graded will be worth the raw price

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

With $13.33 silver, I can't see why they would stop production? Maybe with $50+ silver and high volatility... they didn't have a problem with production when silver was $21.

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

If I remember correctly (and remember I am old and feeble and remember sleeping with Nicole Kidman on a regular basis)...............

David Morgan did NOT say this was the last year for the silver eagles..........he said he would not be surprised if it was the final year for the silver eagles.

Thats a bit different - tho frankly, i hope it is and they go to something else!

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

I got tired of looking at my NGC slabbed early release 2007 W ms-70 cameo proof sae and traded it last week for ten '64 kennedy halves. lol
That "perfection" crap just bothers me. Especially when it comes to modern U.S. coins... It seemed to mock me, so I had to trade for the 90% junk silver. I felt so much better.

Why did I have it in the first place? one of those g.d. impulse buys from months ago...

I'll hold onto my "perfect" '96 sae (not graded)....more real sustained interest in that one that may pay off to hold. Or maybe I should see if I can trade it for twelve '64 kennedy halves while silver is around $13+ spot? If silver goes down to under $12 I will definitely trade it for the 90%.

.

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

"...When the lockup finnally reaches the masses 90% silver will rule and the mercury dime will be king."

I don't know TA...

Large lots of 90% are weighed and valued at 90% of that figure, not by using a .715 "average". I believe down the road virtually all silver coins
will be valued according to weight.

Mercury dimes will not fare well. A rolls of the hypothetical "average" circulated mercs IME is always 5-6 coins shorter then a roll of "average" circulated Roos....especially when the roll contains many '60's dates.

If held silver coins I'd choose weight over "don't have to know or look at a date" everytime. And this goes for '64 Kennedy's and "average" circ. Franklins over Walkers.

Different strokes for...eh?

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Mercs will be King because they are the smallest unit of divisble silver and you dont have the head ache of checking dates.

When you have a Merc's ..........you have real silver no questions whatsoever.

And as silver starts to take off the smallest unit will fetch the highest premiums(market logic must dictate this behavior at some point )


T

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Not to take sides, but I think TA is right....however, when I buy them, I only buy the merc's that are BU or AU. At least BU/AU mercs are still a cheap buy (if you do it right). I go to coin shows and look for the bargain buckets and pick out the nice ones with nominal numismatic value (the lowest). Or check with dealers and always ask for junk silver they have sitting in the back. They'll usually have a load of mercury dimes laying around not on display - a lot of mint years don't have enough numismatic value for the dealer to justify making room in his display cases for all of them, so they sit in the back. At which you can make a good deal for if you buy enough.
But nice or worn, they are recognizable as 90% silver in ALL cases. It's not like the Washington quarter. Or even the Kennedy half.

.

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

That is my same Modus Operandi, I like to buy mercs in excellent condition, the best of all possible worlds: Instantly recognizable as Ag, weight similar to roosies, and I too believe that dimes will some day have the premium that fractionals in demand tend to have, like with fractional gold. Especially when Ag is eventually worth much more and some might use it for transactions. So great quality mercs are a part of my overall Ag strategy.

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Back 54 years ago at 10 years of age I would go into a SAV-ON Drugs in Norwalk, CA, by Five-Points near my St. John of God Catholic School with their NUNS that would beat me up because (believe it or not I would bug them with history - like "Why SISTER is this old pope the illegtimate son of the prior pope? :thumpdown)- and buy 3 LARGE Candy bars for a DIME - a SILVER dime - on sale.

A good for Silver US $1 note would by almost 30 bars - tax was involved as you can guess after 15 cents. I love them - as I love a good "GOLD round chocolate bar" - I forget what the name was back them - they had LIKE some some coconut in 'em. :applause_

So one good silver buck buys 30 candy bars in 1954-1955; in 2008 one can only buy ONE candy bars and gets perhaps a 1/3 back in change after taxes.

So with that little story I wonder if we could ever go back to GOOD money again - then the DIME would be KING again! :wink:

And worth about 25 times more than it is TODAY!

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Just a Wild Guess but ya never did get that "Student of the Year" award didya??!!:wink:

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

hmmm...
2008

I usually have a few rolls by now of the current year. My inventory only shows 10 coins. What a slacker. I better get in line. Been rolling into 90 pct and fractional gold all year.

Problem here. My three usual suppliers are bust. Any suggestions?

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Isn't the production of silver and gold eagles mandated by congress per demand?

Would it not then be a requirement to change the law before the mint could just stop producing the coins?

Suspending production and stopping production are two differnt things. While the mint has been able to suspend production for various reasons, they have still been required to produce some coins every year by law.

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

Not to mention the rather large slabbed counterfeit market in china. Graded coins are a waste.

Sell 'em while they're still worth their numismatic value and trade it in for more physical.

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

I bought the last 2 sets of MS-69 1986-2006 ASE's (in the wooden boxes) that Apmex had at $500 each. I'm going to sit on them for a couple of years and sell them. I bought them as an investment and at $1k paid for both, don't feel too badly about it. I can get the money I paid back if I sell them even now.

I've bought all the other crap as well like the 2006 reverse proofs and the 2007 & 2008 proofs as well just to keep the set current. Most of my silver is uncirculated ASE's and 90% silver. I kind of bought them on a lark.

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

They were IRISH nuns from Dublin. And boy could they swing a mean ruler or pointer on this young history student's hands.

OUCH!

Wham, bamm, no thanks SISTER!

I always had TOO big of a MOUTH!

:sarc:

Re: Morgan says, "The 2008 Silver-Eagle may be the last"
 

And you were TIRED of having all the regular generic stuff - stuffed away - anyway - any way.

Best wishes,

HS :wink: