MS 70 Silver Eagles - The Worst Silver Purchase I Have Ever Made
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- čas přidán 18. 06. 2019
- In this video I talk about what is perhaps the worst silver purchase I have ever made. I talk about how I purchased these slabbed ms 70 american silver eagles for over double spot and how crazy that is! These are incredibly over priced for silver bullion and are not for stacking. These ms 70 silver eagle coins are for collecting only. I do give some tips on silver stacking and silver stacking advice throughout the video as well. I am going to be collecting these ms70 first strike american silver eagles for my own personal collection moving forward because I like them. I do like the PCGS slabs so that is why I decided on these for my ms70 eagles. I plan on picking up one every year moving forward. The reason that I say this is the worst silver purchase I have ever made is because these coins have a higher premium than I have ever paid for silver coins before.
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#silver #silverstacking #silverdragons
Topics I cover in this video: silver stacking, silver purchase, worst silver purchase, silver stacking tips, silver stacking advice, silver stacking 2019, silver bullion, silver coins, slabbed silver coins, ms70, ms 70 eagles, american silver eagles, ms70 american silver eagles, silver eagles, stacking silver eagles, pcgs, ms 70 silver eagles
ms = mint state, i believe .
Gary H yep that is right 👍🏽🔥🐉
There are sooo many grades , who can blame the guy . ✊🏼
You are correct
If those are the worst buying mistakes you have made you are doing great. Thanks for sharing and take care.
Clayton County History Hound thanks I appreciate that! 🔥🐉
Double the spot price is too much for bullion coins. When you purchase Eagles from the mint they are already in MS 63-70 quality.
C Sanchez I know I just like em 😏🔥🐉
Silver Dragons sometimes that’s all that matters.
@@SilverDragons47 Hi I'm trying to understand what you mean by double spot price? Is that over the Silver spot price?, or after graded?
@@SilverDragons47yeah and that’s just liking a stupid money pit. Use my jm bullion code !! Stfu
But you don't know until they are graded, right?
I was told by my wife’s uncle who was a PM dealer that in the end you should buy what you like!👍👍😎
PNW Silver Stacker very true and I like em! 🔥🐉
Agree but research eagles mintage amount
You'll never get an actual dealer to pay more than whatever their typical rate is for silver Eagles...
J. Monroe yeah I will never sell these to a dealer... ebay all day 🔥🐉
This is exactly right. Unless it’s a very rare proof such as the 75th anniversary of WW2 that sold out in like a day. But you’ll have to haggle to get that premium back when it’s time to sell.
Dude, you did just fine. I have about 100 slabbed Silver Eagles and I will probably never make a penny on them. Thing is, I love them especially my complete PF70 set (no 1995 W of course). I love the proof Eagles as they are just incredible.
LIKE YOU I LOVE PR 70 ULTRA CAMEO PROOF EAGLES. I HAVE OVER 1,200 OF THEM ESPECIALLY THE LOW MINTAGE ANNIVERSARY YEARS DIFFERENT MINT MARKS S D P W PRIVY MARK 75. ALL SLABBED PCGS OR NCS DOESN'T MATTER AS LONG AS THEY ARE GRADED AND BEAUTIFUL. NO TONEING NO MILK MARKS.
@@steve83333 Research before buying the mintage rarity.
@@user-do4wn5pk4j yep I'm into those to a little research before buying.
Good video you're showing the hobby side of silver sometimes it's about fun not profit!
Question if I want to buy and sell silver eagles
Should I buy proof or or what do you suggest
Dam and I got 3 of the 2019-s reverse silver eagles, now what should I do?
I don't think you paid to much as long as you enjoy having them as collector pieces. Nice video!
Bruce Liggett true if I never sell them they are priceless! 🔥🐉
These are nice, I have a few myself as well. The ones I like the most are the ones I got for my two daughters. I bought them each one for the year they were born and they are first strikes Proof ms70s. Beautiful coins
Well, if that is your worst purchase, then you are doing pretty good. ;-)
moosesox thanks my friend i’ll take it! 😁🔥🐉
Dont be cheap
I'm just getting into the precious metals market, I am buying manly gold but buy silver as a side thing. Mostly for capital sequestration. I want to buy manly things that will hold value or grow above value. What is the best thing for me in that regard.
@@frankquigley995 For Silver Eagles, buy NGC PR70, First Strike, Cameo. Having them signed also increases value.
@@franktownsend2870 thanks for the info.
Nice find you have there. I agree with your assessment of slabbed vs stacked. I have been collecting proof ASE's for the past 15 years. Love them and view them just as a collection. I've seen that dealers will typically price the proofs with a decent premium so I'm of the thought you could sell them with that premium if you wanted to.
Ive got a few W 2016s
1 PF & 2 MS not slabbed tho. I love the edge lettering that says 30th anniversary😁great video sir👏👏👏
I bought a whole bunch of those slab Silver Eagles years ago what a big mistake. I was just starting out and thought I new what I was Doing which I didn't. I know only buy straight Bullion rolls of Silver Eagles at a much cheaper price. I wish I had seen a video report like yours years ago it would have saved me a lot of money. Thanks for a great report as usual. Out.
TIOMKIN1 thanks my friend i’m stacking the tubes for sure 👍🏽🔥🐉
I have a coin shop nearby with a lot of 10 oz. Silver bullion of various mints. I want one
What is the best thing to buy from them.
My 2016 30th Anniversary PCGS Slabbed MS40 is also growing milk spots on it! Do you think i should get rid of my slabbed coins or just keep them and move on?
Optimus Locust it’s up to you... if you like collecting them then keep them! 🔥🐉
I just paid $70 shipped for an MS70 2020 ASE and I'm totally happy. It's the last year of the design and I have wanted an MS70 since I started stacking 2 years ago. I doubt the value will go down, but even if it does I'm not planning on selling it. It'll go to my daughter when I'm dead.
I was gifted a Morgan and that's how I see it. Sucker was minted 29 years after Lincoln signed the Imancipation Proclamation. Can't sell that for what people ask. It's priceless to me
NGC has my MS70 PCGS 2020 first strike listed at $100 I paid $52
And she will sell to the first lowball offer
@@BrassStacks I always check the sold price at pcgs before I buy knowing what I may sell it for later if I have to and that I am spending my money wisely.
Im new at buying silver coin,I buy my first saint-gauden coin. Wonder is worth the same as american eagle? Since both are 1 oz silver?? So are people paying a litter premium just for taste?? When at end it will cost same as any 1oz silver ??
The new NGC holders are awesome you can actually see the coin edges I love the look of a sharp coin edge.
Straight Nine Stacking yeah for sure reason I just like the PCGS ones 🤷🏽♂️🔥🐉
I was just about to order the set. Funny this popped up. Only this one was a set of 3 early releases from each mint office Phili San Francisco and west point. Thoughts?
I just won a slabbed 2013-w pf69 silver eagle for $32.52 on ebay. Did I get a good deal? I have a feeling that I got a great deal.
Probably not, beware of deals to good to be true. They are often fakes
u might have a fake
THERE ARE NO PROOF 69. THERE ARE MINT STATE 69. THERE ARE ONLY PROOF 70 BUT THERE ARE MINT STATE 70. MS 69 MS70 PR 70. MINT STATE COINS ARE STRUCK AND HANDLED DIFFERENT FROM PROOF STRUCK COINS.
Gorgeous! My daughter LOVES THESE COINS. NICE VIDEO 😄
your rite from a stacking stand point. but, you gotta collect to for fun too!!! im sure you paid a good premium but there good for collecting!!! thinking about starting to make some videos...not sure yet. dont have a crazy stack but def get new stuff at least every week. love the videos keep stackin!!!
rogue silver yeah good for collecting bad for stacking... thanks! you should do some videos 👍🏽🔥🐉
I would rather pay more for something that is awesome than get a great deal on crap.
Ignerntz is rampant
8 raw silver eagles are more awesome than 4 silver eagles in plastic.
I hit “send” before I was ready. Does anybody know where I can get a 1986 MS70? I also have a set of ‘86 MS69 AGE’s that are precious to me. No more slabbed coins for me, except for the aforementioned MS70. ASE’s and 90%’s are my core, with a little variety mixed in.
Gene Mathews look on ebay... it’s gonna be pricey tho 🔥🐉
I wish they (people) would stop grading bullion. It's silly unless it is a very low mintage coin. Just silly.
I ONLY BUY LOW MINTAGE PR ULTRA CAMEO EAGLES OR THE NEW LOW MINTAGE PR ULTRA CAMEO MORGAN AND PEACE DOLLAR
I just got me a 2021 type 2 ms70, and I'm totally happy with it! I paid under 70
Thank you for the episode
I just recently purchased these and they turned out great I don't think you overpayed on those silver eagles.
Why can't I find a complete ASE - BU set on JM or APMEX?? Either you have to purchase ASE dates individually or buy a proof set.. doing it on your own individually it is almost $500 cheaper. I don't want to waste my time or money but since 2020 is the last year for the ASE design I wanted to make a complete set.. Should I just set-out to buy the individual dates since it is so much cheaper? Proofs are ridiculously over spot/way too premium.
Yea I bought 40 of them and I bought them for the same reason as you👍 I agree with you SD
Marty R they are fun and awesome! collect on my friend! 🔥🐉
just picked up a 2021 west point mint sliver eagle type 2 pcgs70 for only 64 bucks and I think I got a super good deal and its a first strike .
Nice purchase, did you scan the bar code using PCGS Cert?
Sounds cool to stat collecting a coin from each year. Just ordered my 2022 PCGS MS-70 first strike American Silver Eagle. 😁
@@arturomunoz3 I order one also ms70 and it turned out as a bonus that it was ddo new variety I am totally happy check them all under the coin microscope.
I think having a variety is way to go especially in the collectors market. Not only eagles but world coin and private issues.
My stamp collection actually moved me into pm a decade ago.
White spots are from the natural nature of silver. It happens, moisture, humidity. It's not caused by defects in metal.
You did good.
This would have been an interesting video if he had known what he was talking about.
Thank you!
Hi. I have a 2013 proof American eagle. Which flips the wrong way. Done all Test on it except the acid test. It is bang on with every other test. Can't it be a error mint coin?
Darius Patel if it flips the wrong way it’s a fake... 🔥🐉
@@SilverDragons47 I agree with your opinion. But just think if it's a error mint coin. How do I verify that? Pcgs... What say?
Darius Patel all the fakes I have seen look like proofs
Worst purchase? HA! Congrats on almost 6 K subs. Have a great weekend. :-)
Shirl Bussman thanks so much Shirl! 🔥🐉
@@SilverDragons47 Your so very welcome. ;D
American Eagle's notorious for milk spots months after it was minted I have heard even up to a year after they were minted alot of grading companies hate grading American Eagles cuz the spotting and can happen after it was graded it just appear from the detergent not being washed off or a bit gets splashed on before its cooked. Which it looks like you have some milk spots send the milky ones back. The seller should have had a warning about milk spotting on the post!
sad part is the 1996 is the worst for milk spotting and its the key date for the unc series
Do you feel differently two years later post upload?
Wish I watched this video before i bought my 2020 ASE MS70 San Fran lol -- oh well, they're still fun to collect
I started stacking about 6 months ago. Even, as a beginner, I instinctively knew that I wanted ASE’s. I bought two 1986 MS 69’s because that’s the year my deceased wife and I met. I let my dealer talk me into buying two 1994 MS 69,s. I don’t remember how much I paid for them and but, to me, the 86’s priceless
Gene Mathews yeah you can’t put a price on that! the ASE are the best IMO 🔥🐉
We think alike. ✌
86....first issues
We all make mistakes. I have pulled the trigger on two buys only to find them cheaper about one hour later. But in the long run any silver purchase will be a good purchase. I like my purchases but paid too much at the time.
I've several MS69 First Strike West Point eagles, not as expensive as the 70s but still a lovely coin from a rarer mint.
Hi Dragons. OUCH! You bought the slab, instead of the coin!! Lesson learned! *:-)*
Donald in New Mexico yep worst case i’ll melt it 😂🔥🐉
@@SilverDragons47 Hi Dragons. Or maybe just lower your expectations about the coin. *:-)*
You made a good purchase. I collect PCGS graded Silver Eagles and always at the 70 grade. I collect Mint State (MS70), Burnished (SP70), and Proof (PF70) coins. I try to pick up one of each from each mint every year. I also snag the special edition Silver Eagles like the Pride of Two Nations Proof Set with the Silver Eagle and Maple Leaf coins as a graded matched set. I plan on adding PCGS graded Gold Eagles soon. If nothing else, when I die my kids will inherit one heck of a collection and they can do what they want with them. These aren't for stacking - they are intended for collecting and their value is based on condition and rarity.
Scott
There is nothing wrong with buying one slabbed silver eagle each year to keep in your collection. If you like the coin it doesn't matter how much you paid for it.
Speaking of mistakes... I really want some 1/10 oz silver coins, 10 of them to be exact. I know it's not cheap but how much over sport should I pay for them, the ones I'm looking at cost $40 Australian dollars for 10 and spot in Australia is around $21 AUD I really want them but I just don't want to get ripped off. Should I buy or look elsewhere.
jackie grice GoldenEaglecoin had some 1/10 ounce "walking liberty" rounds this week for like 1.99 over spot. That shipping to Oz tho🤷♂️
jackie grice but what you like me friend at the end of the day it’s your money! 🔥🐉
You have a nice set of semi rare Eagles. Be Happy 😊
I find I'm having the same "weakness" now for Indian pennies. I know I'll never recover the value I pay for them but I want them. It's the same weakness I have for corals. I pay more than I should for "name brand" versions for the corals I want even if I find the same or similar color patterns a few years later.
Space Force Commander yeah I love the indian head pennies! 🔥🐉
I really like your 🎈Worst Silver Purchase!🎈Hahahaha Fun is where it’s at, family is very important! I love to collect for fun & those Walkers are beautiful! Silver I like so I thought I would find out about Pouring Silver & Joined your channel! I know I’m late sometimes Whoa! Not Now! Hahahaha Thanks a lot keep up the FUN 🎈👍🎈👍👍 V
V Yes its me thank you so much my friend! 🔥🐉
I reckon your thoughts will change about these coins when the price of silver shoots up.
I've got 3 of these and my pride and joy was endorsed by Rick Harrison from Pawn Stars - Love these coins -
"Collect what you love. Love what you collect, and you'll never be disappointed"- Q. David Bowers...,
That said, the mintage numbers on SEP's compared to ASE's are ridiculously low*
hello friend it's me Dom Rogério I signed up right now on your channel, congratulations on the videos I'm from Brazil
One of my best coins is a 1986 PF beautiful coin my father in law left us. This got me interested in collecting and now at about 1000 ounces.
Describe MS70 please. What is allowed ? Because I just received a PCGS MS70 first strike P emergency release silver eagle and I noticed on the T in Liberty there is a nic. Can be seen without loop. Not bad but noticeable. Would you say that's a true MS70? I thought MS70 were supposed to be flawless.
I primarily stack silver but only bought this and another for a possible profit.
i bought 1 2021 fs ms70 for double spot price as well. my justification is 2021 type 1 is the last of the series and its dope
We've been getting at least one new 70 SAE...past few years...often can get them from 39 to 46 bucks ea. Year...or wait till we get some E-bay bucks and get super cheap..to help the pain of the premium.👍
PART TIME PREPPERS very cool they make a fun collection! 🔥🐉
Also I find that buying one or 2 at a time its counter productive. Is better to keep the urge save and buy 20 or 30 at the same time minimum. A lot sell full collections for very low compared to buying singles or 5 at time.
What's with this First Strike and First Day thing? Can you even buy these newer Eagles without one of those labels? Why even pay extra for one of those labels?
I have the same addiction. I look at proofs all the time but i remain steadfast on my maxim for my first year stacking ASE's. 😎
Ehren Krause yeah I always say buy what you like! 🔥🐉
Morning SD! Sorry for the very tardy reply! I love Silver Eagles also and also buy slabbed ones for the fun of it!! To rephrase the model railroader's creed so it applies:
Rule No. 1: This is my collection.
Rule No. 2: I f there is something about it you don't like, see Rule No. 1!!!
Still a pretty nice 4 pack. I'm sure you could sell them if you wanted and get back what you paid for them.
I have a couple of these but I bought them just for myself because I like them not to necessarily resale or add to my stack
I like the proof clam shells with papers and box : )
Remember, scarcity is the name of the game in any collectible piece. 2021 Silver eagles in Type 1 and Type 2 in both proof and uncirculated are a good "long hold" slabs. This year has been phenominal with the US Mint (not happy with the outrageous premiums) that has released several collectibles. I personally have two stacks: 1. Numismatics 2. Buillion (low premiums)........I buy buillions with the profits that by flipping some of my numismatics. Wash, rinse, repeat!
I have a couple of the Edmond C. Moy signature ASE graded proofs, and I love them and will never part with them.
Nothing wrong with buying things that you like for your collection. I have one MS70 slabbed silver eagle and one PF70 slabbed proof eagle. I got them just because I wanted an example of perfect UNC and a perfect Proof eagle for my collection. My bullion eagles, which I'm sure would almost all grade MS69 or 70 if I sent them in, are just kept raw in the mint tubes. I don't even bother putting them in capsules. As for the premium you paid, well I think PNC or NGC charges at least $20 per coin, even for their bulk economy service, so there you have it. Good video.
I like the NGC graded coins better myself. But it’s all up to the individual.
I just ordered 5 of those( paid double spot as well). I feel regrets too, but what it is...is what it is I guess.
There will always be collectors willing to pay a premium for MS70 eagles.
Gotta love those Milk Spot collectors! I'd just buy an ungraded Silver Eagle as close to melt as possible and chances are it's a 69. I just don't understand the draw of a first strike label or a 70 grade. I'd pay $5-6 for the grade and the holder which isn't economically rational since it's more than that to get them graded even in bulk.
If you sell these to a coin shop will they offer you spot?
I think its better to sell these on eBay for a profit. Good discussion!
Right! When you sell, you want get any more for these things than the ones right out of a tube.
Weird my kids were born 2016 and 2018 too haha... That's actually a good idea to get them some MS70 Eagles
EDC with Aaron very cool! also the proof ms70 ASE really go up in price 🔥🐉
@@SilverDragons47 I think we're very similar ages probably too lol, I need to get some of your luck winning all these GAWs lately!
I also pick slabbed ASE’s up for the kids. I only get them from auctions and usually pay 5 to 10 over spot for them. 👍🏻
Dime Digger nice the auctions are the way to go! 🔥🐉
Silver Dragons congrats on the gold buddy.
Dime Digger thanks I can’t believe it! 🔥🐉
If you do research on those coins they do appreciate well in value so they are a good buy. You just have to hold onto them for a few years or so.
Nik Pizan they might do well we will see! 🔥🐉
Ya' know this isn't a bad purchase at all dude, these do go up in value they are very highly collectible at ms70. Been collecting them since 2011 a few I have sold recently on eBay I got between $40-$80, that is almost double my money I wish I would've bought a thousand!
No, that ain't a bad purchase. We seasoned stackers have the monetary understanding in the bag... we've got the metal in raw bars, low premium round/coins, why not enjoy it in other ways and have a little fun too? What other investment out there also doubles as a great hobby?
Learning to love ASEs
It's Feb 16th 2021 and you did well.
Everyone has a little collector in them!!!! Nice!!!!!!
Robinson prospecting lol yes we do and thanks! 🔥🐉
I've noticed PCGS graded coins are more valuable than NGC and alot more than ANACS.
These have sold for $65 a piece! That puts you in profit. I would be quite happy with that. 👍👍 Lol you won't do too bad!! 🤣🤣🤣
SilverLimey 79 I do like me some profit 😁🔥🐉
I just decided to collect the MS70 DCAM series of silver eagle proofs for their shiny coolness. Then I saw the price for the 1995 MS70 DCAM (at auction it's $13K right now). It's cause there's only like 1700 of that year graded at that level. This was due to the coin coming only in a gold collectors set as a freebie and the mint only sold something like 100,000 of the sets.
most of that set range in the price of $50-300 so not the most one can spend on a collectors coin.
I bought a roll of 1996 SAEs in capsules for $30 each on ebay about 6-7 years ago.
Hi Silver Dragons. Nice video. I’m curious to here your three-year debrief on this video. I’m looking at current day prices, and I’d I’m right, you should be up close to 150% on these coins. What’s your thought on this today?
-WeeklyBULLION
I'm really curious on this too, I just bought 10 MS70 eagles with crazy toning for $35 per at an auction, which is $5 per coin less than local shops here sell regular old eagles for with no grade. I may chuck them on eBay and see what happens.
I do have a MS70 Eagle, just one of them.
Bob Silver well then i’m in good company 😁🔥🐉
I beg to differ. If a slab coin is graded MS 70 with milk spots, it is no longer an MS 70!
I had a ton of slabs that where all scratched to hell. Get some of that plastic polish made for headlights and it will make your slabs look new. It works great.
tyler durden wow what a great idea! thanks for the tip! 🔥🐉
@@SilverDragons47 Your welcome
Similar situation I paid what is now double spot for a NGC MS69 Australian One oz silver "Roo" but I only got one of those instead of four. Speaking of which, the grading companies should never grade bullion as "MS" as bullion should be a separate category. It should be BU70 as "BU" would be designated as bullion.
The worst I ever did was 9 x20 silver eagles at about $26/OZ in 2012. And then the price dropped. I still have them 😂.
This is the worse silver purchase I have ever made. . . but I'm going to buy more. . . I guess it wasn't so bad after all.
A couple months back I got a sale paper from Nation Wide Coin out of Texas.
I got a 1oz gold eagle an a MS70 Silver eagle signed by Don Everhart the sculpture.
The price for both was $1700 lol
It was a promotion 1 per house.
The deal was 100% legit.
Double spot isn’t bad especially when they will most certainly rise in price. I have some that doubled in 5 years
I purchased the 2016 bullion, burnished, and proof PCGS MS 70, SP 70, and PR DCAM 70 respectively. All First Strike and 30 year aniversary label. As of today, I do not think I will profit if I sell them.
Silver Throne wait until we hit the 40 year anniversary and then i’ll bet you will 🔥🐉
I love and collect the eagles 🦅 also but nothing compares to the Morgan silver dollars especially Carson City !!! Cha Ching 💵💵💵
Do you still have these?
yeah
To have a coin graded by PCGS or NGC is between $30 and $50 dollars alone. So if you paid a little over $30 bucks aka double spot price you got a deal. Look at the graders website and you will see what they actually charge per coin.
Marty Scott good call i’ll check it out thanks! 🔥🐉