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14 Apr 2021

Monster Box of Eagles

Coins | silverbug22

Back in April of 2020 I decided to make an impromptu 24-hour roundtrip to Lynchburg, VA to pick up a sealed monster box of 2009 American Silver Eagles to resell. I had negotiated a buying price of $10,000 cash and to meet at the airport amidst a tremendous presence of security and surveillance. Despite a ton of preparation, I made 2 critical mistakes throughout this process. The first was that the box was sealed, but I didn't know a ton about monster boxes and refused to buy a sealed box I couldn't examine first, so I insisted that we break the seal right there in the airport so I could examine a handful of the eagles as well as magnet-test and weigh them. In my defense, I've done many, many in-person deals and always inspect the merchandise I am buying thoroughly to ensure it's not only as advertised, but also authentic. You cannot thoroughly examine a sealed box; for all I knew, that box could have been full of rocks. I did not realize at the time the enormous value lost when you break open a sealed monster box, but you live and you learn. My second and way more serious mistake was the turnaround time on the box. I ended up selling it to a local pawnbroker the second I got back from Virginia for $11,500. A 15% profit margin is certainly nothing to scoff at, but little did I know that silver was in the process of hitting an all time high, and had I held it for several more weeks, I could have made upwards of $3000-4000 profit (if I held for a few months I could have made $5000+). Despite those two hiccups, the process of getting the box was definitely an adventure and at the end of the day I got the opportunity to hold 500 BU Eagles at once for the first time as well as to make a little bit of cash. Flying with it was certainly an interesting experience as well; TSA was very intrigued by the box and getting it into the overhead bin was quite the physical feat. Overall, I'm pretty happy with the transaction and more importantly it was a very valuable learning experience for me.

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22 Jan 2021

1994 STRUCK THROUGH SAE

Coins-United States | Longstrider

I picked up something different the other day that I would like to share here. I saw this at my coin dealer and had to have it, a 1994 SAE or Silver American Eagle. What makes this uncirculated coin special is it exhibits a great “Strike Through” error across the date.

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07 Dec 2020

Waiting for the US Mint Silver Eagle V75 Privy

Coins-United States | user_64580

On November 5th, 2020 early in the morning I, like many others, was on the US Mint web site waiting for the release of two special, limited edition, gold and silver America eagle proof coins. Because they have a mintage of only 1,945 for the gold coin and 75,000 for the silver coin, they sold out in minutes. They are extra special because they honor the 75th anniversary of the ending of World War II with a V75 privy mark.

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21 Aug 2020

Grading Silver Bullion

| s12k3

Hey Guys! Is it worth to get MS 69 silver bullion coins regraded?

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23 Mar 2019

American Silver Eagles

| jsheng

The American Silver Eagle is the silver coin of the United States, similar to how the Canadian Maple Leaf is the bullion coin of Canada. It's weight is one troy ounce, which is composed of 99.9% silver and 0.07% copper for reinforcement. It's face value is $1.00, and it can be used as legal tender. It was first relased onNovember 24, 1986, and was struck at the San Fransisco Mint on October 29, 1986. Today, it is struck at the Philadelphia, San Fransisco, and West Point mints.These coins come in bullion, proof, and uncirculated. The years that they have been minted are a bit confusing.Bullion coins have been produced at the San Fransisco Mint from 1986 to 1998. From 1999 to 2000, they were produced at both the Philadelphia Mint and the West Point Mint. In 2001, the San Fransisco Mint also produced American Eagles, contributing to the production rate of the West Point Mint.Proof coins have been produced at the San Fransisco Mint from 1986 to 1992. From 1993 to 2000, they were struck at the Philadelphia Mint. And from 2001 to 2008, they were struck at the West Point Mint. All of these coins bear their respective mintmarks. Beginning in 2010, the West Point Mint continued minting proof ASEs. Starting in 2016, the San Fransisco Mint and Philadelphia Mint also produced a small number of ASEs.Uncirculated coins have been produced in 2006 to 2008, and also in 2010. These coins were struck on special burnished planchets, earning them the name "Burnished Uncirculated". These were produced at the West Point Mint, and contain the "W" mintmark.Bullion coins don't contain mintmarks, however proof and uncirculated do. In addition, coins struck at the Philadelphia Mint before 1980 don't contain a P mintmark, but those struck in 1980 or after do. The bullion coins usually cost around $20-$25, the proofs come at $60-$75, and the uncirculated prices around $25-$75.The obverse of the coin's design is taken from the Walking Liberty Half Dollar, designed byAdolph A. Weinmanin 1916. It also contains "LIBERTY" and "IN GOD WE TRUST". The reverse was designed byJohn Mercantiin 1986. It displays an eagle holding arrows and an olive branch behind a shield. If the coin contains a mintmark, it is also on the reverse. There are 13 stars representing the 13 colonies, along with standard inscriptions.This coin is recognized internationally by numismatists. It's design has become so popular that it is produced in gold, platinum, and in the future, palladium. This coin is the representation of the United States of America, bearing classic symbols like the Eagle and shield, and also figures such as walking liberty. The bullion coin of the United States is a classic piece every coin collector should have.

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18 Sep 2018

A BRIEF HISTORY OF THE SILVER AMERICAN EAGLE

Coins-United States | Longstrider

Today I would like to build on the excellent blog written by Mike 271 on 13 Sept. entitled (2018 S Mint at Philadelphia Show ANA Label). I wouldn't normally write a similar blog so soon after another member but I received Mike's O.K., also they are going to be about different aspects of the same coin. Mike wrote mostly on the great label and I totally agree with him. I am not normally a guy that buys the label however I do have some exceptions. This is one of them. Read his blog and you will understand. Don't forget to comment.

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13 Oct 2016

The American Eagle Program

Young Numismatists Exchange | The Silver Half Dollar

The American Eagle Program contains gold, silver, and platinum coins. American Eagle coins provide investments, beautiful coins, and a way to easily own precious metals. American Eagle coins are not the same as the quarter-eagles ($2.50), half-eagles ($5.00), eagles ($10), and double-eagles ($20). Even though these coins are legal-tender they typically sell at a high premium above their melt and face value combined.

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09 May 2015

ERROR SILVER AMERICAN EAGLE

Coins | Longstrider

Here I have a coin that I originally bought as an investment coin. I have since fallen in love with it and hope to keep it. As you can see, it's 2008 W Silver Eagle with a Reverse of 2007. It also happens to be a MS 70 Early Release. It has a very limited run. It's estimated that only 47,000 made their way out of the mint before the mistake was discovered. The difference being the reverse dies of 2007 and earlier have a plain U in UNITED. Modified dies of 2008 and later have a small serif at the bottom right of the U. It stands out if you know what you are looking for but you have to be looking for it.

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13 Jan 2015

Almost 3 million American Silver Eagles Sold on first day

Coins-United States | Numismatics with Kenny

Last year, the US Mint sold 44 million bullion Silver Eagles which was a record.It sold just under 3 million 2015 bullion Silver Eagles yesterday to kick off 2015. The highest sales for the month of January was in 2013 when the Mint sold 7.5 million bullion Silver Eagles.

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