Under President Reagan, U.S. Mint Director Donna Pope got what she views her biggest achievement: Creation of the American Eagle Silver and American Eagle Gold bullion coin programs.
This had been a first in the history of the U.S. free online paid surveys . Mint.
The objective of the program was to give people the possibility to possess actual silver and gold certified in weight and purity through the U.S. Mint. Later on, Congress authorized them to be used in IRA plans.
The program has been an instant success. however there ended up being an unintended result:
Due to the fact of their elegance and built-in intrinsic value (especially with the silver eagles) It turned out that American Eagles-especially the silver dollars-became an overnight sensation amongst enthusiasts globally, who industriously started out collecting all of them as well as making sets of them by date and also condition.
From its start in 1986, knowledgeable enthusiasts saw the Silver Eagle series as a “ground floor” possibility to acquire top grade coins since they were released, and they busily started out They started submitting Silver Eagles to the major independent grading providers, ANACS, PCGS and NGC.
The Goal had been simple” Find Silver Eagles that would certainly come back with the highest achievable grade: MS70 (as near to perfection as the Mint can produce.
Several coins did come back as MS70′d, and the Silver Eagle Growth was on!
MS70 Silver Eagles = Big Dollars !
These days, most Silver Eagles that have been produced are bullion coins. That is, they are fundamentally worth a small premium over the spot value of an ounce of silver.
However for those Silver eagles that will be graded MS70, it is a completly different story. In the case of merely one of the rating companies, PCGS, of the 100s of thousands of Silver Eagles sent for grading through 2007, only 1 in 20,588 made the MS70 grade!
Marketplace prices of MS70 American Eagle Silver Coins have skyrocketed. Have a look at the PCGS marketplace price guide for merely a handful of 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 believe that the value of silver for every ounce is in for a large rise, but that is practically nothing in comparison to the potential of the MS70 Silver Eagle coins.
That’s why I am so bullish on MS70 coins as a great investment, fantastic wealth protedtion hedge, and fantastic wealth creation vehicle.
Also they are also simply beautiful.
The writer, and intensecollector of the American Eagle Silver Coins, spends time researching the topplaces online to get MS70 American Silver Eagle Coins. Visit one of his site nowfor more information.
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