Why I Buy Slabbed Silver Eagles!
ฝัง
- เผยแพร่เมื่อ 6 ต.ค. 2024
- In this video I discuss why I buy slabbed Silver Eagles and other Slabbed Silver Bullion Coins!
What do you think about buying Slabbed Silver Eagles and other Slabbed Silver Coins? Let me know in the comments!
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#Silver #Eagle #Slabbed
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You are absolutely right its not going to hurt buying a few ms70 coins a year it cant hurt.people spend money on worst things that have no chance of bringing a return the only thing to worry about is milk staining because a perfect coin can stain in a slabb.
I always stated the same about these certified ASE’s before 2000, what most don’t consider is MS69 and PR69 are so much more affordable that you should never avoid as a collector. This is the problem with certified bullion coinage back then is no one took them seriously as well as the grading companies.
It is interested that you can only find 10 or so MS70 silver eagles from the 90's at a time on ebay. Where are all these coins? Obviously today, dealers and such just send in box loads to these graders fresh from the mint. So I'm skeptical if coins from 2020 will be worth near a $1,000 in 2060.
I know it’s a year old but I just bought a nice ms 70 2020 eagle and my 3 yr old loves it just as much as I do
Very well put Seeker..great information and facts to back it up!
@2 minutes You predicted the 2019 W Quarter and 2020 W V75 Quarter. BRAVO
MS 69-70 in slab is the best Numismatic investment I agree, the premium on 69 is almost half of 70 and the return is not too shabby! some collectors or investors say MS-65 and above. So I just elevated my buying game by making it 69 & 70 Only. The idea of low mintage was anything under 1 mill, but now with the 30,000-75,000 Silver dollars are a investment. THe 2019 S reverse is the insane Model and the next will be the First Privy mark on the 75th war memorial coin. This will sell out in 2 hours Bet! get yours now
But they are already selling on big buyers? Good luck in grabbing your 1 Household allocated oops I meant NGC- PCGS-APMEX JM Bullion, and not to mention the other 100 dealers.
Hey brother great vid. Well presented and an appropriate approach to the subject of graded Silver Bullion. 👍
Thanks Brother
Do you think it is worth grabbing the Philadelphia emergency slabbed MS70 2020?
I started buying graded eagles simply because of the price is often the same or sometimes cheaper than graded eagles. This led to me joining PCGS and NGC which offers a vast amount of useful advice and interesting features found on their website and forums.
“19910.... that won’t be out in any of our lifetimes” I’m on the floor dying of laughter 😂😂😂😂
Lol
If the coin itself does not signify that it came from San Francisco then the coin itself is exactly like all the other coins without a designation. For me in this case, both coins being equal, there's no intrinsic value difference between one that came from San Francisco or one that came from Philadelphia. Because the Box had a wrap around and it said it was from San Francisco doesn't make the coin any different than any other. On the other hand what do I know.
I was just looking at the 2000 kookaburra that I got from you. I definitely made my money that day. Thanks
Where all the “it’s just an ounce of silver” kind of dudes? :) great video and I completely agree with you.
Great info. Thanks for sharing
Wow!!! Great information, thank you so much...Bob
i agree with on collecting certified silver eagles i do this myself i stack loose silver but really like certified coins
Another problem I have with them is the counterfeiting problem going on with graded coins. You can't touch it so you can't weigh it you can't measure it and you can't verify someone else don't have that same coin with serial number.
It's pretty easy to spot fake slabs if you know what you're looking for TBH. I generally buy them in person myself.
Great video Seeker! Very interesting stuff.
I also buy a lot of stabbed silver eagles. I try to only buy brilliant uncirculated 1996 eagles. For 45-50$ key date slabbed eagles for the right price!
The 1999 Silver Eagle NGC MS70 sold for over $20K around 2011. It's worth more than the 1996 in MS70. Back then there were no PCGS MS70 1999 silver eagles graded. Now there are quite a few. The problem with buying MS70 silver eagles from the 1990's is that if one sells for huge amount of money like the 1995-W PCGS PR70 which sold for $87K in 2013 the entire mintage is still available to be sent it. The higher pop report devalues the MS70 silver eagles.
friend , how many percent a 70 MS coin drops in value if it develops milk spots
It's funny that two people can't decide with their own four eyes if a coin is Worthy to be purchased or sold. Instead they send it to a third party to decide the quality of the coin. Because of the reoccurring inconsistencies in the grading at these professional outfits, I find the whole thing questionable.
I never would have thought some of them would go so high
Yea the more modern ones will likely never hit that price point but I could still see them increasing in price over the course of time.
No, no, no do not pay a huge price for these coins. Buy the coin and not the holder rings true here. Many coin shops don’t care that they are graded and will only buy these back at common date raw prices. I do have some slabbed, PCGS, Eagles. However, I did not pay extra for the slab.
I agree I also stack graded silver eagles!!
Thanks for sharing and take care.
Thanks for the tip. 😎💰
Thank you Silver Seeker for shareing your knowledge with us! And making the whole coin thingies so much fun.
Awesome Video Seeker 👍🏻👍🏻👍🏻 Thanks for sharing my friend 💥💥💥
Thanks for watching friend!
I have a video on how to see what best offer sold for.
Oh snap I gotta watch that :)
@@SilverSeeker I have to try to find out what two Liberty's (like ones that are in your video here) from 1918 and one from 1900 might be worth, they all are shiney and beautiful.
Silver Wolverine - Thanks. I’ll definitely look it up because I have often wondered if it is possible.
Silver Seeker yes most definitely for me.
Thank you for great info.
Thanks for watching Sonja
Other than looking better than loose ones, you do realize about half from the mint are ms69 and other half ms70. Only small number of them are ms68 or lower.
Of course... I don't send them off to be graded myself, nor did I say so in the video. IN fact... MS68's are far more rare than even MS70's. That being said, you never know which one will end up low mintage and they tend to hold their value anyway, so one or two per year is no big deal.
Great video Silver Seeker.
This is an old video and you probably won't even see it I have from NGC ms69 from 1986 2006 and that's all that will fit in their case is 20 and I do have some ms70 from West point and if you re-read this God bless you and your family I haven't been active well just leave it at that
God Bless you as well sir
@@SilverSeeker well I'm shocked it's Robert Grah they got me so messed up different email my name's not right and when I will try and watch you on TH-cam you just spin around and I'm sitting right next to the modem or whatever it is it's called for the internet but I'm glad all is well
@@robertgrah8367 oh snap heya Robert!
@@SilverSeeker it's good to I started to say hear your voice but that's not possible I don't know what the deal is with this phone but the funny part is green is my mom's maiden name I changed my phone number cuz I got tired of all the phone calls saying they're going to take money out of my bank account Amazon prime I've never even used it but somebody bought a phone in Ohio and they're trying to charge me$899 and then there's four other charges the last one was $299, 999 even my bank laughed at that one I just had to step back in try to get I don't know the word healthy I had a stroke they said and it involves my brain out of all the things I've done in my life and I'm still alive my brain is going to fry before my body does and that's already gone pretty much Elizabeth said to say hi
Thank you for the video. I am new to coin collecting. I notice that you are handling the slabs with gloves. Are you just extra careful or is that how you should handle slabs? I just purchased a box of slabbed anacs silver eagles and handle them bare handed. Thanks!
Great video
Couple things, many of the early ms70 silver eagles were bought back by the TPGs becuase they developed waterspots. After that for a while they wouldnt grade an ASE MS70 for a while. Bulk subs are 100+ coins you set minimum grade to be slabed.. you pay for the ones slabbed if less then a certain percent, I think its about 60 fail to make the grade to pay 5 buck each for the ones that fail.
Robert,
Thank you for that extra info. I love learning things from the community... that's actually something that I didn't know! You rock my friend! :)
Thanks for the info i have wondered if buying ms 70 eagles was worth it and i like the idea of buying one or 2 a year why not could pay off big in future thanks again 🖒
Def could!
I have a 1986 - 1997 BU Silver Eagle Set from the American Historic Society that was struck at the SF and Philadelphia mints. I plan on submitting them to PCGS soon but the reason I'm saying this is because I would like to get the mercanti flag signature labels for the slabs but don't see the option for that slab when submitting the coins? Any help is greatly appreciated thank you!
I've been a PCGS member for awhile now so I'm familiar with the process but are clueless as to where to check for the option to have the special labels for the slabs
Hey Silver Seeker bro.... Great info on graded slabs....... MS 70 Silver Eagle really awesome graded...... Glad to watch your videos.... Thanks for sharing your knowledge.
Thanks Ajay I appreciate you watching!
@@SilverSeeker I watch your all videos..... Since I had subscribed your channel...
This means I need a Seeker slabbed eagle for my collection it might be worth millions in 20 years😁
Roflmao doubtful
Hey silva seeka , will you consider grabbing the 2020 S American proof eagle , pcgs pr 70 for $105 a piece , I grabbed 19 pieces 😂.
Great info! Thanks for sharing. I have every year silver eagle, all in protective capsules, though of course not all are gonna be MS70. You think it would be worth grading the ones that are probably 68 or 69?
Keep in mind, a silver Eagle is a bullion coin. Not a collector coin. The cost of grading exceeds what little numismatic value an Eagle has. It's not worth grading Eagles. Almost all Eagles are MS69 or MS70. In fact, 69 and 70 are more common than 68. Since Eagles don't circulate, they're all in pristine condition as long as they remain in the tubes.
Adam dont grade them yourself the cost is too high let the big boys that can grade them cheap in bulk do it for you and buy it already slabbed.
@@MrMonkeySwag96 did you even watch the video?
Great video !! I am looking to have some coins graded and I have not done so before !
I find that pcgs is too expensive for me to buy the membership for $69 the. Also pay the price to get graded so I was considering anacs because it’s definitely affordable what do you think ?
Well keep in mind that I dont recommend grading silver eagles yourself but rather buying them already graded. The cost for the average consumer is too high.
If it's rare coins tho you can use ANACS as the cheapest and if you use NGC their 2nd tier gives you a gift voucher that's worth what the signup see is so the signup cost ends up being a wash.
Very cool. Where do you get your slabs from eBay? LCS?
Both of those and more
This just goes to show you that what everyone is saying about the grading company is true !! That people who send coins into the grading company in bulk get better grades than those that send one or two !!
They dont discriminate small orders that I've ever seen. It's not that they pay more FOR it to be a grade they just pay more IF it's that grade. How granted I don't work for them but that's how it works (or is supposed to lol)
@@SilverSeeker There is a man that grades coins and also goes to auction about 61 miles from me, I'll have to save to rent a car then go. But first I'm doing what guys like you have said to do. Get a coin scale, get the proper coin magnet, do the ping test and all.
That might save ALOT of time and money. With my luck some clown burried a bunch of phoney coins for a joke, ha! who knows.
I'd rather find out on my own if they're real or fake, saves me money and saves an expert's time.
Silver Seeker I'm just going by what I've heard one guy sent some coins in and one of them they cleaned ruining it and on top of that he didn't get a MS grade but detailed and he had shown us all the coin before and after ! I was just saying that unless you send in alot of coins they don't seem to give better grades !! I'm ranting LOL !!!!
Prices have come way down since this video just like the sports card market
Silver Seeker, so if I buy NGC MS70 slabs West Point 1oz Eagles at 60.00...can I go to my local coin shop and profit off these? How are graded MS70 slabs a better investment? I have 7 ATM. They are gorgeous coins but doubtful they will command anything higher than 60.00 any time soon. Thoughts?
Wondering if all the slabbing bashers think slabbing Proof Silver Eagles is just as worthless as slabbing Mint State ASE's?
The reason why bullion Eagles lack mintmarks is so they won’t be distinguished by minting facility. It doesn’t matter if the Eagle was minted by Philly, San Francisco, or West Point. They’re never meant to be different type coins, as evident by the lack of mintmarks. That’s why I believe the 2015-P Eagle to be overrated and overpriced. The 2015-P’s 79,000 mintage is counted as part of the overall 46,000,000 production. The 1990s Eagles “low populations” in 70 is artificial. The populations are low because PCGS didn’t slab modern coins during the 1990s. If everybody were to submit their 1990s era Eagles for grading, the pop reports will be much higher and more realistic. Most collectors paying thousands for such coins don’t realize how common these coins actually are.
It’s all marketing. Early Commemorative half dollar prices plummeted during the 1990s. I’m sure the same holds true for these Eagles. Keep in mind, Early Commemorative halves are much scarcer than any silver Eagle. Most Early Commemoratives had mintages of 20,000 or less. Yet supply outstripped demand when people realized the Commemorative halves aren’t so rare. That’s because Early Commemorative halves have high survival rates despite low mintages. Silver Eagles are worse because they have high mintages and high survival rates.
They aren't common if you're putting a MS70 set together tho, at all.
Additionally... people aren't going to throw 30 or 40 bucks to the wind to grade one 1999 Silver Eagle. The reason there are so many modern ones is because of bulk grading programs that allow companies to get their eagles slabbed for an insanely reduce fee. In this video I never ONCE said that someone should send their own eagles off to be graded. In fact, I specifically mentioned the discounts for bulk slab orders and that I buy them, I never said I have them slabbed on my own.
I think you have your opinion and I have mine, but I personally am working on a MS70 Set of Silver Eagles and I can see the justified price in these. The fact of the matter is that, like I said in another comment... things are worth what people are willing to pay for said things. If you're JUST stacking silver and aren't collecting, then sure, don't buy slabs... but also don't buy numismatic coins. If our economy ever hits the fan and we're standing bread lines, no one is going to care about the numismatic value of your old coins either, they're going to care about the Gold or Silver content.
True. Most slabbed Eagles in the market were submitted by bullion dealers. I used to purchase Perth Mint proofs in PF69 slabs because they’re priced similarly to raw coins in OGP. When I did purchase such coins, I do so long after the release date. Modern proofs are more expensive at release date. By waiting several months or a year, I can acquire a PF69 example for much cheaper because the dealer is desperate to liquidate their stock.
@@MrMonkeySwag96 True... in fact, most Proof Silver Eagles drop BELOW the U.S. Mints issue price within just a few years. I agree with you on that wholeheartedly.
Silver Seeker - Seeker, just have to say you hit the nail by George. I also have been building and selling ASE sets for years now as well as PCGS and NGC competition sets. Most are still considered in progress....
I do the same
How much
Lol you guys won’t beilieve what the dealers and LCS are paying for them now!
icg is very underrated grading company imho
Perhaps but I've seen coins grossly overgraded by them and more than one missed obviously cleaned Morgan in ICG holders. Maybe they're getting better
@@SilverSeeker and there's been in consistencies with NGC and PCGS as well ....coins that used to get you in ms63 with NGC now will get you ms64 ms-65 it's like okay...wish I waited 15-20 years to send those things in
@@SilverSeeker recently icg I think it's all over the place previously they were very good
That's fair, it just doesn't seem as bad. At the end of the day coin grading is 100% someones opinion... we just trust that their very educated and experienced opinion is better than our own. But yea, there are people that make a living on regrading undergraded coins and selling them for a large profit.
It's Bob I got a new phone number and it's been a nightmare they gave me weird email address and spelled my name wrong
Mention the low mintage.
We...the people..need a kiosk with artificial intelligence that "shall" grade your coin or coins as you wait....put a federal reserve note or charge card .in said kiosk.and voila. Out pops your graded coins..sealed and delivered.🎫🎫🏦🏦
Ebay. predator merchants, prey shoppers.
You know the thing about eBay is that people have all the time in the world to research a product before buying or bidding. Theres no salesman applying pressure... so other than the sellers that misrepresent listings, if really disagree.
I only have 3 Liberty's but they'er shiney looking good and were in the box with the Morgans I found while metal detecting.
Two are dated 1918 and one is dated 1900.
Also I have two coins I've never seen before an 1986 Liberty Ellis Island and when you flip it over it's the way it's soposed to be and another one same kind of coin but dated 1906 and when you turn it over it's upside down, like it was struck wrong or something, the hand holding the torch is upside down. Strange.😁 One other on is really pretty, an 1795 Liberty with a lady on the front with long hair and a big bust, on the back is a cool little Egael. I've only seen that one on line once or twice but know nothing about it. Fun to learn though. I never knew coins could go for so much money. I just got into the coin learning thing in March after finding a box load of Morgans.
Sometimes "shiny" isn't a good thing. For example, some "shiny" coins are cleaned. A cleaned coin is less valuable than an uncleaned, original coin. In fact, cleaning is considered a form of damage. There's a high chance that your 1795 Bust dollar is a fake. Bust dollars are heavily counterfeited, especially the ones with a "small eagle." The 1795 Bust dollar has a survival rate of 3,000. You can't be too sure your coin is one of the 3,000 survivors. If it was real, it would be worth thousands of dollars. The 1986 Ellis Island dollar isn't anything valuable. 1986 Ellis Island dollars are very common, they're only worth their silver value.
@@MrMonkeySwag96 Thank you for your help. I'm just going by what I've found and alot of the coins are not shiney but have the darker coloring.
I finelly got the coin scale and am still waiting for the magnet & maybe it got lost in the mail, so I'll order another one.
If the 1795 coin isn't real Or any coins I have I find are not real I'll put them in a bag marked fake coins. This is a fun learning about coins ect. Again thank you for your help.
There's a Walking Liberty with the the back upside down so maybe that's a fake too. Maybe I could make jewelry out of any fakes I may find I have. We have a fair each summer and have street venders and you can rent a table and sell stuff. Hey? I haven't bought any coins (yet) that I have and maybe someone could get enjoyment out of the 'coin jewelry and it would be fun to create it and make alittle on the side.😁
@@MrMonkeySwag96 A nice man from the Gold & Bullion company named Mr. Wallis was nice enough to look at some phone pics I sent him of a shiney 1878 Morgan and he and his team looked at it and stated that if real it could be worth some money. They could find no sgins of cleaning that I know of or I think they would have told me I would guess. Well times will tell.
There's a pro coin person 61 miles from me I could take some coins too, I've already got a ride lined up but I want to try to make sure I've done all I can before trying to do that. Would save me money and I don't want to waste the gentleman's time.
Do you still believe this
Didn’t you send in a strapped box at one point seeker?
No I've never done that but I've thought about it
I actually just watched a video saying don't buy graded coins! 🤣 His argument was they're virtually impossible to sell! It's interesting seeing the opposite opinion. Thanks Seeker!!
Debbie B's Booty lol really? Who's video was that?
Only certain coins should be graded. Vintage US coins are worth grading. In contrast, modern coins and ancient coins are not worth the cost of grading.
@@MrMonkeySwag96 I understand, I don't own anything that is graded or do I have a desire to own slabbed coins. I've had people try to sell me slabbed coins n I have thought of sending coins out but the price isn't worth it to me. I just found this funny because I found Goldfathers video of "don't buy slabbed" only minutes before I saw this. I don't own anything truly exceptional that would be worth the fees. Thanks MrMonkeySwag!! I appreciate your reply!!
@@debbiebsbooty Goldfather is a stacker. Most of his coins are modern bullion. And modern coins are never worth the cost of grading. Despite their age, ancient coins aren't worth grading either. Companies like NGC don't guarantee the authenticity of ancient coins. In addition, most ancient coin collectors look down on slabs. Grading companies like NGC and PCGS only exist to grade vintage US coins. Some US coins like Trade dollars are so heavily faked that it's required to slab such coins.
@@MrMonkeySwag96 so u don't agree with Seeker either?!?! Like I said I don't have anything that's graded but I did start to look into PS70 Eagles after watching this video. I'm a stacker/collector I have bar for Stacking n circulated coins for fun, some pours as well. I believe if you don't enjoy your hobby then you're wasting your time. I need a little variety! 🤣🤣🤣 Some bars are absolutely beautiful but other are boring!!!! Adding coins and rounds to my stack keeps it fun for me.