Under President Reagan, U.S. Mint Director Donna Pope had just what she considers her biggest achievement: Creation of the American Eagle Silver and American Eagle Gold bullion coin programs.
This was a first within the history of the U.S. Mint.
The purpose of the program was to provide individuals the possibility to own actual silver and gold certified in weight and purity through the U.S. Mint. Later, Congress sanctioned them to be used in IRA plans.
The plan was an quick success. yet there was an unintended consequence:
Mainly because of their particular beauty and built-in intrinsic worth (especially with the silver eagles) It turned out that American Eagles-especially the silver dollars-became a great overnight sensation amongst enthusiasts worldwide, who industriously started out collecting them as well as building sets of them by date and also condition.
Through its commencement in 1986, knowledgeable enthusiasts saw the Silver Eagle series as a "ground floor" opportunity to obtain top quality coins as they were introduced, and they busily started They began submitting Silver Eagles to the major independent grading companies, ANACS, PCGS and NGC.
The Objective ended up being simple" Find Silver Eagles that would certainly come back with the highest possible grade: MS70 (as close to flawlessness as the Mint can produce.
Several coins did come back as MS70'd, and the Silver Eagle Growth ended up being on!
MS70 Silver Eagles = Big Dollars !
Nowadays, many Silver Eagles that have been created are bullion coins. That is, they are fundamentally worth a little premium over the spot value of an ounce of silver.
Nevertheless for those Silver eagles that are graded MS70, it's a whole distinctive story. In the case of merely one of the rating services, PCGS, of the 100s of 1000's of Silver Eagles sent for grading through 2007, only 1 in 20,588 received the MS70 grade!
Marketplace prices of MS70 American Eagle Silver Coins have skyrocketed. Have a look at the PCGS industry value guide for just a very few of this series so far::
1986 - MS70 Silver Eagle $4,000 1988 - MS70 Silver Eagle $4,000 1995 - MS70 Silver Eagle $4,000 1997 - MS70 Silver Eagle $3,000 1998 - MS70 Silver Eagle $2,500
Now I enjoy collecting the Silver Eagle Bullion coins, and I think that the price of silver per ounce is in for a major increase, but that has absolutely nothing in contrast to the possiblity of the MS70 Silver Eagle coins.
That's the reason why I'm so bullish on MS70 coins as a excellent choice, great wealth protedtion hedge, and great wealth generation vehicle.
Oh yea they are furthermore simply beautiful. - 31899
This was a first within the history of the U.S. Mint.
The purpose of the program was to provide individuals the possibility to own actual silver and gold certified in weight and purity through the U.S. Mint. Later, Congress sanctioned them to be used in IRA plans.
The plan was an quick success. yet there was an unintended consequence:
Mainly because of their particular beauty and built-in intrinsic worth (especially with the silver eagles) It turned out that American Eagles-especially the silver dollars-became a great overnight sensation amongst enthusiasts worldwide, who industriously started out collecting them as well as building sets of them by date and also condition.
Through its commencement in 1986, knowledgeable enthusiasts saw the Silver Eagle series as a "ground floor" opportunity to obtain top quality coins as they were introduced, and they busily started They began submitting Silver Eagles to the major independent grading companies, ANACS, PCGS and NGC.
The Objective ended up being simple" Find Silver Eagles that would certainly come back with the highest possible grade: MS70 (as close to flawlessness as the Mint can produce.
Several coins did come back as MS70'd, and the Silver Eagle Growth ended up being on!
MS70 Silver Eagles = Big Dollars !
Nowadays, many Silver Eagles that have been created are bullion coins. That is, they are fundamentally worth a little premium over the spot value of an ounce of silver.
Nevertheless for those Silver eagles that are graded MS70, it's a whole distinctive story. In the case of merely one of the rating services, PCGS, of the 100s of 1000's of Silver Eagles sent for grading through 2007, only 1 in 20,588 received the MS70 grade!
Marketplace prices of MS70 American Eagle Silver Coins have skyrocketed. Have a look at the PCGS industry value guide for just a very few of this series so far::
1986 - MS70 Silver Eagle $4,000 1988 - MS70 Silver Eagle $4,000 1995 - MS70 Silver Eagle $4,000 1997 - MS70 Silver Eagle $3,000 1998 - MS70 Silver Eagle $2,500
Now I enjoy collecting the Silver Eagle Bullion coins, and I think that the price of silver per ounce is in for a major increase, but that has absolutely nothing in contrast to the possiblity of the MS70 Silver Eagle coins.
That's the reason why I'm so bullish on MS70 coins as a excellent choice, great wealth protedtion hedge, and great wealth generation vehicle.
Oh yea they are furthermore simply beautiful. - 31899
About the Author:
The Author, and intensecollector of the American Eagle Silver Coins, spends time researching the topplaces on the internetto get MS70 American Silver Eagle Coins. Visit one of his site today for more information.
