Hey fellow collectors! I just picked up a really neat First Strike coin at a local shop a few days ago, and I’m still buzzing from the find. It’s a 2021 Silver Eagle, and it’s in near-PR70 condition. Honestly, I felt like it was calling to me from the display case, but now I’m left wondering if I paid a fair price for it.
I did some quick research before making the purchase and noticed that prices for similar graded coins can vary quite a bit depending on where you look. Some listings online were way above what I paid, which makes me hopeful I might have snagged a good deal. But are those prices reliable? I’m also curious about how collectors here assess value. Is it purely based on condition and market demand, or are there other factors I should consider?
So, what do you all think? How do you go about figuring out a fair price when buying coins like this? Have you ever had any surprises after a purchase? Your insights would be greatly appreciated!
Congratulations on your find! A 2021 Silver Eagle in near-PR70 condition is a great addition to any collection. To determine whether you got a fair price, I usually consider several factors:
- Condition: The grade of the coin plays a huge role in its value. PR70 is highly sought after.
- Market Demand: Right now, Silver Eagles are trending, so prices can be inflated.
- Seller Reputation: Buying from a reputable dealer can sometimes save you money compared to online auctions.
- Comparable Prices: Check sites like PCGS or NGC to see recent sale prices.
I recommend keeping an eye on auction sites and dealer sites to track price trends. How much did you pay, if you don’t mind sharing?
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Thanks for the insights @CoinCollector87! I paid $45 for the coin. I wasn’t sure if that was high or low given the fluctuations everyone talks about.
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I think you did well at $45! Given the current market, that’s actually a pretty decent price. Just remember, prices can vary greatly if you look at auction results vs. retail prices. I estimate that a PR70 Silver Eagle could go for anywhere between $50 to $70 depending on the buyer’s urgency. Have you checked any auction sites?
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I agree with @SilverHound42, $45 is not bad at all! But keep in mind the premium over spot price can change with demand. Last month, I saw people paying up to $80 for similar coins. It’s wild! Now, if you check out the US Mint, sometimes they can have offers that compete with those prices too. Maybe you got it just in time!
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Coins are a lot like stocks—it’s all about timing. You may find that your Silver Eagle appreciates in value, especially if you decide to hold onto it. However, always be cautious; keep an eye on the market trends since the rarity of the coin can also affect how much you can sell it for later. Last year, I bought a coin similar to yours, but I had to wait a few months to get a decent return. Just don’t rush into selling it unless you’re certain it’s a strategical move! What are your future plans for the coin?
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You’ve got a fantastic find, truly! I often stress the importance of factors like designer and mint marks when assessing value. Authentication and grading should come from reputable sources, and your coin being a ‘First Strike’ only adds to its appeal. Always consider:
- Market trends
- Historical data
- Collector interest
If you’re curious, look at past sales data for similar coins on
PCGS. What are your intended next steps as a collector?
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Thanks for all the great advice, @ExpertNumis! I’m definitely going to do some more research on similar coins and their trends. I plan to keep this coin as part of my collection for now since I just love how it looks! I might attend some local coin shows to learn more.
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Just a heads up, prices can fluctuate quite a bit from month to month. I sold my PR70 Silver Eagle last month for $72, but I had it for about a year. Keeping up with trends can give you an edge in your future purchases! What do you think about long-term holding?
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I imagine holding is super worthwhile once you find great pieces! @RickTheCollector I’ll certainly consider that. Patience can lead to great rewards in the long run, right?
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Absolutely! It’s all about the journey! Sometimes I joke with my friends that being a collector is just like being a treasure hunter, except the treasure is often just shiny discs of metal! Keep exploring your options, and you’ll find your personal treasures.
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