Quick question about American Eagles

[Mark10110]

Hi guys and gals,

I made my final order of silver pre-brexit till I go all gold, I purchased 25 royal arms 1oz, 10 1oz valiants and more importantly for this topic,

25 US Silver Eagles (Random Years).

are there any years that I should keep my eye out for, any interesting things I should be aware of? high demand years/silver content changes etc?

 

Thank you in advance

Mark

[JunkBond]

1996 is lowest mintage. I think that is about it.

[Mark10110]

Just now, JunkBond said:

1996 is lowest mintage. I think that is about it.

Cheers, I ordered them and only this morning did occur to me that I don't know the history of the coins, I am aware the Britannia coins had a change of metal content but never thought about the eagles.

Thanks JunkBond

[JunkBond]

I have ordered random year eagles before and got mostly 2014,15,16. No early ones.

All 999 I believe.

[Mark10110]

Just now, JunkBond said:

I have ordered random year eagles before and got mostly 2014,15,16. No early ones.

I got them for weight so not too bothered about condition or years but i'd hate to miss handle a gem I didnt know about.

[Ablist]

1 hour ago, Mark10110 said:

Hi guys and gals,

I made my final order of silver pre-brexit till I go all gold, I purchased 25 royal arms 1oz, 10 1oz valiants and more importantly for this topic,

25 US Silver Eagles (Random Years).

are there any years that I should keep my eye out for, any interesting things I should be aware of? high demand years/silver content changes etc?

 

Thank you in advance

Mark

Im pretty sure the blanks used all come from Sunshine Mint and are .999 and I believe that has been the case since they started making them in the 80s.

[tallyhojim]

So the Sunshine Mint supplies the US Mint with blanks? Never knew that. I just assumed the US Mint did everything themselves.

[Ablist]

Here are a few interesting links. It looks like they are not the exclusive supplier but the main one at any rate. I'm not sure where the US Mint sources their other blanks. 

http://www.sunshinemint.com/Blanks.aspx

https://www.providentmetals.com/bullion/bullion-by-mint/private-mint/smi-sunshine-mint.html

https://www.silverdoctors.com/gold/gold-news/another-smoking-gun-us-silver-eagle-allocation-conspiracy/

[RacerCool]

23 hours ago, tallyhojim said:

So the Sunshine Mint supplies the US Mint with blanks? Never knew that. I just assumed the US Mint did everything themselves.

It's probably a lot easier and cheaper to purchase high quality, production-ready blanks than to process everything yourself.

On the other hand, as it is, according to the silverdoctors article linked above, the US mint is required to buy whatever blanks they need, regardless of the price:

"the US Mint IS REQUIRED to increase their BID for ALL SILVER BLANKS until they bid high enough to obtain enough blanks to meet public demand."

That sounds very expensive to me.

[Bimetallic]

There have been no changes to content or composition. 999 fine silver is specified in the original authorizing law from the late 1980s. There's never been an alloy version of the ASE.

[Mark10110]

On 17/08/2019 at 15:26, JunkBond said:

I have ordered random year eagles before and got mostly 2014,15,16. No early ones.

All 999 I believe.

Guess who is a happy boy today... in among a load of 1993/2000/1018's.... this bad boy

SUPER STOKED!

[JunkBond]

Looks like a proof. 🤔

[Mark10110]

Just now, JunkBond said:

Looks like a proof. 🤔

not a clue? dont let me down now

 

[JunkBond]

Proof was even lower mintage.

[Mark10110]

don't yank my chain

[JunkBond]

I  wouldn,t dare. 😂

Might not be a proof, fields just look shiny.

[Mark10110]

Just now, JunkBond said:

I  wouldn,t dare. 😂

Might not be a proof, fields just look shiny.

When I get my vid up will you watch let me know?

[JunkBond]

You need to ask someone more knowledgeable, I have never owned a proof Eagle. It would look very different in hand compared to a bullion coin.

[STONE]

3 hours ago, JunkBond said:

Looks like a proof. 🤔

Sure does... Probably culled though if it was mixed in with some randoms...

[ilovesilverireallydo]

It IS a proof 

even with marks worth nearly double

---

Added 0 minutes later...

I have owned many...

[tallyhojim]

On 18/08/2019 at 18:10, RacerCool said:

It's probably a lot easier and cheaper to purchase high quality, production-ready blanks than to process everything yourself.

On the other hand, as it is, according to the silverdoctors article linked above, the US mint is required to buy whatever blanks they need, regardless of the price:

"the US Mint IS REQUIRED to increase their BID for ALL SILVER BLANKS until they bid high enough to obtain enough blanks to meet public demand."

That sounds very expensive to me.

So in theory the US Mint could be making a loss when they sell them?

[RacerCool]

35 minutes ago, tallyhojim said:

So in theory the US Mint could be making a loss when they sell them?

Yes, it's certainly possible. I don't know any numbers from the mint but I wouldn't be surprised if they do take losses. That's not abnormal for the US gov't.

[Mark10110]

https://youtu.be/Hiy2iEa9aYc?t=718

 

it should be pre time stamped if not goto 11:58

[AndrewSL76]

14 hours ago, JunkBond said:

Proof was even lower mintage.

Yup. Only 500,000 proofs that year compared with 3,603,386 Bullion coins.

Looks like a proof so you’ve done well there. 

[Mark10110]

Just now, AndrewSL76 said:

Yup. Only 500,000 proofs that year compared with 3,603,386 Bullion coins.

Looks like a proof so you’ve done well there. 

This is why I asked in the forums on that rare chance I find a gem and overlook it.

No idea what to do from this point with it, maybe capsule that 1.

I got some really old coins like 1993's which I was expecting a bunch of 25 X 2017-2018s.