Comments for Silver Coin Proof

Comment on When buying US Mint proof coins, what is the most common grading? by Taiping

Taiping — Thu, 11 Mar 2010 21:00:59 +0000

There is always the chance of a coin from the mint being in a PR-65. These days that is highly unlikely, but a possibility. Also it is possible to get a PR-65 first strike coin. I would say that the first strike coins may have a better strike, for the die has not worn down, but that does not mean other things can not happen, such as marks on the coin. I do not collect very much modern coins, but do have some nice commemorative coins from the mint as well as a run of proof sets. I have noticed the quality rise over the years from 1950 to 2007. I myself would never pay more for a first strike coin. I think it is a gimmick. One thing to remember, it will take quite a while to get your money back buying bullion coins. Another is, a grade given by a grading service is their opinion and they can be wrong. Sorry I could not answer your question with a yes they will be PR-69,70. In most likely hood they should be.

Comment on 2007 American Eagle Silver Coin? by harryb

harryb — Tue, 02 Mar 2010 22:51:47 +0000

I`d have to think buying directly from the Mint is best and cheapest. The proofs are the best condition possible.

Comment on 2007 American Eagle Silver Coin? by Taiping

Taiping — Tue, 02 Mar 2010 21:53:15 +0000

It used to be uncirculated silver eagles had to be bought from a dealer for the mint did not sell the uncirculated variety. This year they are, but it is different for it has the W mint mark on it and I believe it has a different finish. The one from the mint is different.. This is the first year I think, so no one knows how they will sell or how many they will make. Now proofs are made for collectors and are a special made coin with mirror finish and frosted designs. They are struck more than once and are on a special planchet. That is why they are more money. They are also made on slower moving presses. I would go with the proof for sure but if I had a few extra dollars I would also get the uncirculated version from the mint. As an example they minted 7,408,640,1999 uncirculated eagles but minted only 549,769, proofs. they are far few proofs around.

Comment on 2007 American Eagle Silver Coin? by MusicMan5537

MusicMan5537 — Tue, 02 Mar 2010 21:18:03 +0000

Proof sets are always better.

Comment on Would coins be a good investment? by Frank Castle

Frank Castle — Sat, 27 Feb 2010 22:20:38 +0000

No.

If you want to invest in Silver then open a brokerage account and invest in the iShares Silver Trust.

Comment on Would coins be a good investment? by rjrmpk

rjrmpk — Sat, 27 Feb 2010 22:13:46 +0000

First, I would suggest gaining some knowledge. Subscribe to Coin World. Check prices on eBay and Coin World’ site. Also be aware of the volatility of the bullion (gold & silver) market.

Do NOT buy stuff from TV channels selling coins. Overpriced and overhyped. For example, no collectors/investors are interested in colorized coins or gold or platinum layered coins. Pure junk!

Be wary of some coin dealers. They typically buy low and sell high. That’s why I like eBay for selling my coins.

Proof coins are one option for you. Buy them from the U S Mint, not a dealer. Some proof sets have risen in value but often it is a crap shoot.
Bullion coins are another option. Generally speaking, bullion coins are not directly available from the mint unless you’re a coin dealer. Remember Canada, Mexico, Australia, Great Britian, etc., all offer nice bullion coins.

There are a number of reputable coin dealers that could advise you in building a coin investment portfolio. Check for them in Coin World magazine.

Comment on Would coins be a good investment? by cork

cork — Sat, 27 Feb 2010 21:17:58 +0000

PRECIOUS METALS GO UP AND DOWN….
WHO KNOWS…………..

Comment on If I were to invest in Silver coins what kind should they be? by farfel

farfel — Wed, 24 Feb 2010 22:12:37 +0000

American Silver Eagles, which have a face value of US$1.00;

Canadian Maple Leafs, which have a face value of C$5.00;

Austrian Philharmonics, which have a face value of €1.50.

whether these face values will matter in the distant future is anyone’s guess, particularly when silver trades for the same market price anywhere, but you never know. i personally prefer the Canadians, because the face value is the highest for any 1-ounce silver bullion coin.

you will likely get your bullion coins in pristine condition, but otherwise, dates and conditions don’t matter.

Comment on If I were to invest in Silver coins what kind should they be? by DrinkYourBeer.Com

DrinkYourBeer.Com — Wed, 24 Feb 2010 21:46:24 +0000

If your collecting for investment you would want to stick with American Eagles or Canadien Maple Leafs coins. The year is not that important. Check this site for info
http://www.mintedsilver.com

Comment on Why did I just get a check from the US Treasury? by Steve in NC

Steve in NC — Thu, 18 Feb 2010 22:23:16 +0000

This my friend is a scam to try and get you to order a coin. It is NOT from the US government. If you look real closely at all the stuff you got you will find the disclaimer somewhere.