Daniel Wareham has been a long-time coin collector and a coin dealer since 1999. He has a special interest in US coins, and has a successful coin trading business where Modern US coins like the American Eagle silver coin may be purchased at his website.
Question About the 1999 Eagle Silver Dollar?
I was given a 1999 1 oz fine silver proof eagle silver dollar. But it is different then the rest it has the lady in it with colors red,white,blue and the sun is yellow. I do know the ones I have found that or just plain are worth 99.99. So how much is this silver dollar worth?
Buying Silver Proof Coins Through Online Auctions
If you are into coin collecting you will obviously want to find the best coins possible, while getting them at the best values. Coins that are worth a lot of money or that are rare, are becoming more and more difficult to purchase at reasonable prices, due the current high demand for bullion coins. While you are looking for bargains on silver proof coins, you can be sure that lots of other buyers have the same focus when it comes to expanding their own collections. When a unique buying opportunity does present itself, it is best to be prepared to take action, as most collectors will pay a lot of money to get their hands on hard to find items.
Purchasing coins through online auctions is still one of the best ways to find good deals on some really rare and valuable coins. Due to the current economic downturn, many collectors have found themselves faced with having to part with some of their collections, or perhaps even their entire inventory. This presents a good buying opportunity for buyers who are well-prepared and know just what types of coins that they are looking for.
When purchasing coins through these online auctions on places such as ebay, it's certainly wise to confirm that the seller is reputable within the ebay online community. I myself never purchase any coins of real value from any seller who have a feedback score of under 98%. As a matter of fact, I usually will only deal with sellers who maintain a feedback rating of 99% or higher, and will often be willing to pay more to do business with these sellers. I find that the extra money that may be involved in the purchase price, or winning bid amount is well worth the peace of mind that you it comes time to actually pay for the coins. With the more experienced sellers that have a high feedback score, you can rest easy knowing that the chances are pretty darn good that the transaction will completed without any problems.
Collecting Valuable And Rare Silver Proof Coins
What Makes A Coin Valuable
Numismatics, or coin collecting, is a popular hobby. Whether you search through spare change for state quarters, gather coins from specific years or purchase proofs as an investment, collecting can provide the opportunity to learn more about the history of our country.Coins usually have value as currency on the street, but how can a new collector learn what, if any, additional value may be attached to his or her collection.
Surprisingly enough, age isn’t the only feature that makes coins valuable. In the United States, coins are valued based primarily on the scarcity of the item and its condition. For Modern U.S. coins like the American Eagle silver coin, this is even more true. For more tips, you can visit: http://www.bmgtrading.com.
What makes a coin scarce? Several factors, but often there is a strong historic tie. For example, almost any coin in recognizable condition that was minted in San Francisco in 1870 would be considered very valuable. This is because 1870 was the first year of operations for the San Francisco location so relatively few coins were produced. A more extreme case can be found by the 1933 Sain-Gaudens Double Eagle coin. This was the year President Roosevelt took the country off the gold standard. All gold coins were recalled, but a handful did not make it back to the mint for melting. One of these coins was discovered in 1992 (and confiscated by the Secret Service.) The face value of the coin was $20, but in 2002 the coin was sold at auction for more than $7 million dollars.
Another key concern is the condition of a coin. Coin collectors in the U.S. use the Sheldon Grading scale. The scale gives values ranging from1, for a barely recognizable coin, to 70 which is an ideal but only exists in theory perfect coin. Most coins fall in the range between 8 (for very good) to 50 (almost uncirculated). Uncirculated coins have a further scale starting at 60. Anything above 66 is rarely seen.
In conclusion, for casual collectors two pieces of advice. First, don’t alter your coins. Colorized, marked or even cleaned coins can all be classified as altered. Alterations can severely limit, if not destroy any collector’s value for a coin. Secondly, if you have questions about a coin’s value do some preliminary research yourself – there are many organizations like the American Numismatic Association where you can learn more. – then if you believe you need more help, contact a reputable expert.
Proof Silver Coins Ending Soon on eBay:
France 10 Euro 2011 COSETTE Victor Hugo Les Miserables Silver PROOF Coin
 | US $82.86 End Date: Tuesday May-22-2012 9:52:32 PDT Buy It Now for only: US $82.86 Buy it now | Add to watch list |