10 years ago I'd have called you crazy to make such a prediction. Yet today it's a fact. Now our cope with a $4 billion precious metals wholesaler nets you a great deal for America's hottest ounce of silver!
It wasn't more than 12 years ago that we had been meeting in my office with former U.S. Mint Director Donna Pope. She was speaking with pride about what she regarded as to be her greatest achievement as Director below President Reagan: Creation of the American Eagle silver and gold bullion coin programs, the first of their kind in our nation's history. Visit here now http://www.silver-
The purpose of those coins was to give individuals the opportunity to own physical silver and gold in a form certified for weight and purity by the U.S. Mint. Congress later authorized them to become utilized in IRA plans. While the bullion coin program was a signal achievement, there was one consequence neither Ms. Pope nor I foresaw back then.
Nobody took into account the collector market and also the profound impact it would have on these coins. It turned out that American Eagles-especially the silver dollars-became enormously popular with collectors, who're developing sets of them by date, mintmark and condition.
Silver Eagles = Today's Morgan Dollars
In the 1800s and early 1900s, the U.S. Morgan Silver Dollar was struck year upon year at numerous mints and went into commerce at face value, which was then a little premium over their silver content material. Like today's Silver Eagles, their core value was in their valuable metal content material. In modern times these coins have turn out to be the bedrock of the collecting world, coveted by millions. In top grades, Morgan Silver Dollars can sell for tens and even hundreds of thousands of dollars every. Most of the highest-graded Morgan Dollars are beyond the reach of all but the wealthiest collectors. Go here now to http://www.silverdollar.cc for profitable investing ideas.
As today's collectors saw the Silver Eagle series unfold from its start in 1986, some realized there was a literal "ground floor" opportunity to acquire the top-grade coins as they were released. They started submitting Silver Eagles to one of the leading independent grading services, the Numismatic Guaranty Corporation (NGC). They prayed that the coins would come back using the highest-possible grade: MS70. (All Uncirculated coins are graded on a point system from a low of 60 to a high of 70, with 70 representing flawless perfection). Then the market started to take off.
MS70 = $$$$$!
Fast forward to now. Today, nearly every Silver Eagle struck since 1986 is worth about the exact same thing: A little premium over the spot price of an ounce of silver. But for all those coins that earned the top grade of MS70, it's a various story: of all of the Silver Eagles produced in 2010 by the U.S. Mint, less than one out of each 681 earned the NGC MS70 grade!
In the rarified atmosphere of MS70, Silver Eagles have soared to marketplace prices that I can only characterize as surreal. Consider this: MS70 Silver Eagles have been selling for really stratospheric prices. Here are just a couple of eye-popping examples:
1996 MS70 Silver Eagle $5,340
1991 MS70 Silver Eagle $2,660
1994 MS70 Silver Eagle $1,660
2000 MS70 Silver Eagle $3,130
These days are a superb time to invest in American Eagle Silver dollar coins. Buy these days and be happy tomorrow! Visit here now http://silver-