Slabbed Silver Eagles-Would you buy?
 

At the coinshow yesterday, a dealer had a whole display case full of slabbed NGC-69 SAE's - your choice of dates @ $20 each. There must have been 200 in there... by the time I got there, only 9 different dates were left so I bought 10. (92, 94, 94, 99, 2000, 02, 03, 04, 05, & 06)

I thought about buying more, but spent the money on gold instead.
How many would you have bought at that price?

Re: Slabbed Silver Eagles-Would you buy?
 

I would buy one of each date- or 10 to make it even like you did. for that price why not? the raw coins themselves are worth almost that much +$30 each for grading- sounds like a good deal.

Re: Slabbed Silver Eagles-Would you buy?
 

I agree to a point, however there are couple factors that might tip the scale especially since at todays spot, this is only a $2 premium for the slab. There is little dispute on the grade and you can handle it and pass it around for friends to look at without fear of degrading it. When it comes time to sell there are those that will pay a premium for a slabbed "coin". The 94 was the best date there so I took 2. Generally the mid-late 90's are the lower mintages

Re: Slabbed Silver Eagles-Would you buy?
 

FRN20 a piece is a reasonable price. It costs $3 or $4 to grade and slab 'em, even wholesale. I would have jumped on them too.

Re: Slabbed Silver Eagles-Would you buy?
 

Cyber - as they have said - at roughly $2 over raw coins, they were not a bad deal at all.......you saved yourself grading fees, you improved your future sale of them down the road.

I would have bought at least what you did........frankly, unless silver crashes really hard, you can not lose..........people are paying a lot more like $25-32 PLUS shipping (check APMEX) for those same coins!

Re: Slabbed Silver Eagles-Would you buy?
 

You got a good deal on the 94's!
Hang on to them, the second rarest date next to 1996.

Re: Slabbed Silver Eagles-Would you buy?
 

There are people who value slabbed numismatic coins, and those who only value the bullion in modern coins. I'm in the second camp, especially with the grade of the coin and the grader. Most BU Eagles will be MS-69. Just my opinion, but the reason why you are seeing these deals is because the public has finally caught on. NCG MS-69 just means you have an average BU coin. There are millions of these coins out there, finally the average Joe now understands he has nothing special. I believe NCG MS-69 will continue to drop towards the price you can get a BU coin for.

Re: Slabbed Silver Eagles-Would you buy?
 

I would have bought them all. Period.

You did well.

Perhaps it will double this year - that's my HUMBLE perception.

Sell then and double your FRNs if you want of hold out for

somewhere north of $100 to perhaps up to $160 when gold hits $2,500

who KNOWS for sure.

I will start selling (read trading) into it at around $30 probably this year.

5% 30


5% 40


5% 50

you can figure out what you'd do.

Re: Slabbed Silver Eagles-Would you buy?
 

I only buy slabbed 96's

Re: Slabbed Silver Eagles-Would you buy?
 

I would take 10 or 20 at that price, it costs the normal collector 15.00 each to have ngc slab an eagle.

Re: Slabbed Silver Eagles-Would you buy?
 

OK, I'll be the contrarian. I wouldn't have bought them. I don't like too much plastic with my metal. It takes up too much storage space.

Re: Slabbed Silver Eagles-Would you buy?
 

I have been told do not even bother with a graded coin unless it is at least 30 years old. The MS-69 is not going to get you any more in the future because these coins are never in circulation, thus they will be BU forever.

However, if you get a good deal for a couple of bucks over, why not?:wink:

Re: Slabbed Silver Eagles-Would you buy?
 

If I wanted a date set of SAE's, yes that is a good deal and when time comes to sell, many collectors like to buy them this way. Myself, I buy only PCGS slabs. I also sold my graded ASE's because of a problem of "spots" appearing on coins, months or a few years later. Noone has yet figured out way........So I caution, if thinking about collecting them, til problem is "fixed".

Re: Slabbed Silver Eagles-Would you buy?
 

This is exactly why I brake the slabs open.

Slabbed bullion is like lipstick on a pig anyway....

Re: Slabbed Silver Eagles-Would you buy?
 

Assuming they fix the problem - they will still not be able to go back and remake older the dated coins........so the older dated SAE will still be worth something to collectors.

Re: Slabbed Silver Eagles-Would you buy?
 

Sorry, no disrespect intended (and I hope its a joke) - but this is the simply the single DUMBEST post I have ever read - bar none!

Why even buy a graded coin if you are going to break (not brake) them open.....you, or someone, paid extra to have them graded........

If they are lipstick on a pig to you - why buy them, let alone pay extra for them.......but to break them open after the grading and additional charges only shows us where the lipstick really is! :wink:

Re: Slabbed Silver Eagles-Would you buy?
 

Haven't messed with slabbed Silver Eagles much, but several years ago (2003 if I remember correctly), I swapped 100 Krugerrands and $200 for 100 MS69 current date slabbed one ounce Gold Eagles. Over the next couple of months, I sold them all off on eBay and at coin shows, and bought back 115 Krugerrands without adding any additional cash to the pot. That's only 15% profit on the lot, but when you look at it in terms of additional ounces of gold, it starts to look pretty good. :wink: Slabs on bullion coins were a good selling point at one time, not so much anymore. In reality, bullion is bullion, with or without the plastic.

Re: Slabbed Silver Eagles-Would you buy?
 

I've never paid anything extra for the slab. It has been GAEs and such bullion that some misguided individual had slabbed with the intention to make it a numismatic item. I just corrected their mistake by removing the slab.

Re: Slabbed Silver Eagles-Would you buy?
 

It goes both ways - this will make you cry...
I have a friend that bought enough PCGS MS-65 Indian heads and MS-65 buffalo nickles to have completed sets - he broke them ALL out and put them in albums so he could look at books of completed set in MS-65.

He thinks he can get them re-slabbed at the same grade when he is ready simply by sending them back to PCGS with the original sticker.