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Tell me if I am crazy


swest2004@yahoo.com

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Ok, I have come back to coin collecting and wanted to start off with a stunning set that may have increased value.

 

I selected the Silver Eagle since it is a short lifespan - 1986+ and affordable in most cases.

 

However, I find myself buying quite a few from ebay. I believe I am getting decent to very good deals but perhaps you can reassure me since I am new to this.

 

My goal is to get the best deals and slowly (as I can afford) pick up a 2 complete sets of silver proofs, ungraded. I also am aiming to get an additional set complete that is either PF 69 or PF70 for all the coins (1995-W not included at this time)

 

I want to do this for me and my little guys (2 boys - 4 month old and a 2 year old)who I hope will grow up and join me in adding to their future collections. Thus the two sets for them and the graded for me.

 

With all that said, I have been picking up Silver eagle proofs around the $30-$38 mark with shipping included in that number. In proofs with original box and COA, I have picked up: 1988 ($37.50), 1986 ($35), 2004 ($30), 2001 ($33).

 

I also picked up one 2005-W NGC PF70 UCAM for $81. I want all my graded coins to be NGC preferably.

 

Any eagle buffs out there tell me if I blowing too much money or am I doing ok? I have to stop as I pretty much nuked my monthly budget. Am I doing this in the best way? I want to stay with proofs at this point. I plan to expand out my collecting as I can.

 

Thanks! I really want to make sure I am not way off base here before I get into next month's budget.

 

Swest. :ninja:

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well,for what it is worth i also collect silver eagles,but i tend to buy only b/u. proofs seem to be a little pricey for my budget and i have this copper fetish thingy that i prob. need therapy for.. but anyway happy collecting...... :ninja:

 

Bryan

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I have been buying a roll of unc silver eagles and one proof silver eagle every year since 1990. I went back and bought a roll of 1987s and 1989, so I still need to get a roll from 1986 and 1988. For the proofs, I went back and bought the 1986-89 back in 2000, and based on the prices then you got a heck of a deal on the 1988. Back then the price for the 88 was about $90, but I thought I got a deal at only $60. Apparently that date has lost favor over the last few years.

 

I think what you are doing is not crazy in the least. Although I collect only raw ASEs (I do have one MS-68 that I got as a gift from NGC), collecting slabbed coins in this series doesn't strike me as insane like other series where there is a huge jump in price between 69 and 70 grades. Still, on the slabbed ones, I would advise buying the highest grade possible before the big price jump. So if a PR-69 is say $60 and a PR-70 is $200, go with the PR-69. If another date the PR-69 is $75 and the PR-70 is $100 then you may as well get the PR-70.

 

Otherwise I wish you well and many fun times with your boys!

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Watch out for the gimmick ASE's. Like the Lance Armstrong one or 20th Anniversary. You can collect them if you want but there will be a small premium.

 

Nothing special about the coin, just the holder. I think PCGS was the only one to do stuff like that, maybe ICG. No clue on NGC.

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You got a very good deal on the 1988. The last one I sold went for $95. Proofs are what I would collect if I decided to collect the SAEs. Sounds as though you're getting off to a good start. Welcome to CP. Check in often to tell about acquisitions and ask about this and that.

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  • 10 years later...

@swest>>> I have been collecting since 1986... Back in the day when silver was low I would buy a roll of eagles and I would always have one in my Pocket for Luck. Currently I have all but one of the eagles, UNC and Proof , a few graded... The only one I am missing is the GEM 1995W Proof. They are a thing of beauty and I know your Boys will enjoy those coins. Good Luck with the Set and future collecting .....

 

Tracy

 

Ret US Army

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