Fellow Silver Stackers, We are getting a feel for the current demand for previous years of American Eagle Silver Coins. The older Perth Mint coins are highly sought after, but does the same go for American Eagles? What American Eagle year is highly sought after? We are interested to know. Thanks! Pinkman White
I'm pretty sure 1996 is the most sought after. Has the lowest mintage I believe. I picked one up the other day for $70 usd.
My guess would be not that much demand due to the lack of annual design change. Edit from memory, I agree that 1996 is the most desired, followed by 1986.
same as above.some dealer (try) charge more for previous year dont understand why.they are not like kooks or lunars. same design,same quality,different number .
The quality differs from year to year. I am currently assembling three sets, and let me tell ya, hand picking them is tough because of the scratches and dings that often accompany the coins from earlier years. Not to mention the spots that are mostly on the mid years. I would say that in spite of the high mintage over the past couple years, think of how many have survived for the early years! Also compare the shine of the 1986 and early years vs. The sheen of the later years coins.
I personally think that you would be hard pressed to find past years' coins just above bullion value. Just my .02 cents worth.
In the States probably yes past-year releases of bullion with same designs (Eagles) should fetch a nice premium, but not sure if this demand applies to the rest of the world. But from my perspective I rather have coins with unique designs every year, moreover these fixed-design coins tend to have very high mintage. I have seen local bullion dealers in Singapore selling past-year Maples/Eagles... Year 199x at same price as 2013/2014s. I guess it boils down to where you live, I have seen recent posts in Kitco forums saying that they bought 199x gold/silver pandas at few dollars above spot
Oh I agree with you about worldwide. The coin shop that I work at actually bought some 2003 1 Oz gold pandas at a couple dollars under spot. He still has around eight or nine of them left lol.
Same design every year is not a turn on.. as above the nly year that I have knowledge is 1996 due to mintage total. Not worth the time / effort.
Some great feedback there fellow silver stackers. So from a collectibility view, unless there is a significant design change in a coin, then collecting previous year coins is not worth the additional premium that is charged by most dealers.
Yeah, but there must be 200 million of these things out there...and they all look the same...I don't touch these with a 10 foot pole. No thanks. Not when you can get a low mintage, high quality, high demand, change of image yearly, PM kook for about the same cost. Nah, you keep your eagles. I'll stick with the best mint there is in the world. The Perth Mint. And heck, I'm a U.S. citizen, born and raised...I just call a spade a spade.
ASE are highly collectible as are many moderns. Demand is strong so they command a high price. It doesn't matter if the design stays the same as people collect by date.
1986 5,096,000 1987 9,420,000 1988 5,869,000 1989 6,166,000 1990 7,247,000 1991 6,952,000 1992 5,544,000 1993 5,890,000 1994 5,540,500 1995 4,590,000 1996 3,466,000 1997 3,636,000 1998 4,320,000 1999 9,008,500 2000 9,133,000 2001 8,827,500 2002 10,475,500 2003 9,153,500 2004 9,617,000 2005 8,405,000 2006 10,021,000 2007 9,887,000 2008 19,583,500 2009 28,766,500 2010 34,662,500 2011 39,868,500 2012 33,742,500 2013 42,675,000 2014 26,103,500 Total: 383,666,500 767,333 monsterboxes. I have 2,500 No, coins.
Everything is relative and what I wrote below is when buying for investment vs. as a hobby and the bid-ask spreads may be very different outside the US. ASEs over Kooks: 1. You might need to resell quickly. ASEs have a much smaller bid ask spread and a much larger market. 2. Buying for the silver value only. ASEs are cheaper. Of course, rounds and bars are even cheaper. Kooks over ASEs: 1. You are buying with numismatic appreciation expectation and have the financial ability to sell the coins slowly or to be able to wait for a hot market.
If you live in the US and can find them close to spot (I rarely can!) they are hard to beat for simple bullion stacking. For collectibles I look elsewhere.
Slightly off topic. I wonder if more people would be interested in libertads at the prices you are doing your ase/ maples? They seem to have a strong following in the SS community. I have not seen anywhere else in Australia ase rolls for under $26. I would pay the lowest premium I can for all ase. So if you have 2014 for cheaper than previous year ase than the 2014 will win. I think fresh 2014 ase straight out of the monster box beat older ase at the same price for me too. So the older ase would have to be at a cheaper price to be attractive. Just my opinion
You can add up every single 1oz Libertad ever made and the total number is still MILLIONS fewer than the number of Silver Eagles or Maples that were made in 2013 alone. If you're betting scarcity, Libertads are absolutely a better bet than Eagles.
