Coin Collecting/Buying

omahaorange · 12-09-2015, 07:37 PM

Don't confuse the silver eagle with the quarters in your pocket. The eagle is minted as a bullion coin, and was never intended to circulate. It is is a one ounce silver coin. Remember the kuggarnd from South Africa? Uncirculated verses proof refer to the way the coin is struck. There are some decent explanations already given.

As a bullion coin, you can buy them from the US Mint with the pretty packaging and pay the premium for that. The mint also sells them loose in bulk packaging to coin and bullion dealers. They are shipped in plastic tubes, unlike regular coins that are shipped in bulk bags, so there is little jostling during shipping. These dealers buy at a little above the spot price of silver, and sell them to us for a little bit more. They can be had for $18-26 each this way. Look for places like this:

http://www.apmex.com/?&promo=google|...FZJr7AodBCUAJQ

Look around this site for inexpensive holders:

http://www.jpscorner.com

You can get them alot cheaper, and find the years you want, by bypassing the mint.

Buckeye Jack · 12-10-2015, 06:25 AM

Quote:

Originally Posted by omahaorange

As a bullion coin, you can buy them from the US Mint with the pretty packaging and pay the premium for that.

Awesome, this is what I was thinking but just needed to verify. I will go ahead and cancel my annual order with the mint and just buy from the dealer.

Thank you to everyone who spoke up! Going to be a lot easier on the budget to buy them all at $17-$18 then the $40 on the mint!

12-09-2015, 07:37 PM	#1
omahaorange Just in from the Storm Join Date: Mar 2015 First Name: Russ Location: Western PA Posts: 22 Trading: (0)	Re: Coin Collecting/Buying Don't confuse the silver eagle with the quarters in your pocket. The eagle is minted as a bullion coin, and was never intended to circulate. It is is a one ounce silver coin. Remember the kuggarnd from South Africa? Uncirculated verses proof refer to the way the coin is struck. There are some decent explanations already given. As a bullion coin, you can buy them from the US Mint with the pretty packaging and pay the premium for that. The mint also sells them loose in bulk packaging to coin and bullion dealers. They are shipped in plastic tubes, unlike regular coins that are shipped in bulk bags, so there is little jostling during shipping. These dealers buy at a little above the spot price of silver, and sell them to us for a little bit more. They can be had for $18-26 each this way. Look for places like this: http://www.apmex.com/?&promo=google\|...FZJr7AodBCUAJQ Look around this site for inexpensive holders: http://www.jpscorner.com You can get them alot cheaper, and find the years you want, by bypassing the mint.