American Silver Eagle Value

Someone offered me $22 for a proof 1986 American Eagle silver dollar that I own, mint in velvet box with certificate of authenticity. I've been doing my home work on this and they usually sell for around that price, I think it's fair. What I'm wondering is, is it worth selling now for $22 or would it increase in value as time goes on?

For that matter, does any one know if the same applies for an 1883 Morgan Dollar?

Thanks!

In proof, book value for a 1986 Silver Eagle is $45. Now if you are selling one to a dealer you will never get $45 and if you are buying one you will probably pay a bit less than that. Generally these do increase in value over time, but except for certain rare issues, coins in general are a bad investment compaired to the stock market (ironic right now, but true!) The worst you will ever do with these is slightly less than bullion value, they are in fact bullion. Silver is currently a bit under $10 an ounce. If you want the money, go ahead and sell, but if you really don't want to sell you probably will come out a bit ahead in the long run by holding it. Morgans tend to trend upward, I would think a bit better than Silver Eagles. 1883 is not a very rare year (unless you have it in proof) but they are not making more of these.

2008-10-28 17:06:51 by Verity

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Most web sites that track American Eagle prices give the selling price. To keep track of my investment I need to know the buying price. The price I could get if the coins were sold. Is there a site that gives updated daily prices for both buy and sell?
I will probably just stay with the bid/ask price of gold and silver and not worry about the coin premium.

its hard to say. since there are so few gold coins actually circulating it is hard to put a price tag on them because you could get some VERY different prices depending on who buys. If you sell to a pawn shop or some site like cash4gold.com you are going to get pennies on the dollar in terms of worth but if you sell to someone who doesn't really understand what he's buying you could get spot price or higher for them. So its impossible to get a perfect fair value.

its been a while since I have dealt with these, the following assumes that they are one ounce coins and sell new for aprox $50 over spot.
that said a reasonable estimate might be to take the current gold spot price which you can find at http://kitco.com/market/ subtract 2.5% (if you are optimistic) 5% if you are pessimistic and multiply by the number of coins you have.

2009-06-24 09:03:44 by Barkley Hound

Going by an ad in Coin World, a weekly coin magazine, the 1992 Silver Eagle is selling for $21.70 in Superb Brilliant Uncirculated. I am not so sure I know what mint state grade that is. dealers usually pay 40% less but in the case of bullion items I don't think they have that much of a mark up.

2008-05-12 18:03:38 by jlitvan

Why does the mint bother putting $1.00 on the coin if I can't go to the bank and get one?

It's a bullion coin. It's value is dependent on the price of silver. Silver spot prices can be found here;

http://www.kitco.com/market/

2007-11-23 11:30:38 by Frodisman

Value of it?? And how much can I get for it??

You could probably sell it for $14-$15 at a coin shop.

2009-11-09 06:59:01 by Adam M