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Feb 24
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2010 MS70 Silver Eagle
Under President Reagan, U.S. Mint Director Donna Pope had what she views her biggest accomplishment: Creation of the American Eagle Silver and American Eagle Gold bullion coin packages.
This was a first within the history of the U.S. Mint.
The objective of the program was to provide individuals the chance to possess real silver and gold certified in weight and purity through the U.S. Mint. Later, Congress authorized these to be used in IRA plans.
The plan was an immediate success…. however there has been an unintended outcome:
Mainly because of their beauty and built-in intrinsic value (especially with the American eagle silver coins) It turned out that American Eagles—especially the silver dollars—became a strong overnight sensation between enthusiasts throughout the world, who industriously began collecting all of them as well as building sets of them by date and also condition.
From its start in 1986, experienced enthusiasts saw the Silver Eagle series as a “ground floor” possibility to acquire top quality 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 ended up being simple” Find Silver Eagles that would certainly come back with the top possible grade: MS70 (as near to flawlessness as the Mint can make).
Several coins did come back as MS70′d, so the Silver Eagle Growth was on!
MS70 Silver Eagles = Big Dollars !
Today, many Silver Eagles that have been produced are bullion coins. That is, they are basically worth a small premium above the spot price of an ounce of silver.
Nevertheless for those Silver eagles that are graded MS70, it is a whole different story. In the situation of merely one of the rating services, PCGS, of the hundreds of thousands of Silver Eagles provided for grading through 2007, only 1 in 20,588 made the MS70 grade!
Market prices of MS70 Silver Eagles have skyrocketed. Have a look at the PCGS industry price guide for merely a few of these series so far::
1986 – MS70 American Eagle Silver Coin $4,000
1988 – MS70 American Eagle Silver Coin $4,000
1995 – MS70 American Eagle Silver Coin $4,000
1997 – MS70 American Eagle Silver Coin $3,000
1998 – MS70 American Eagle Silver Coin $2,500
Now… I adore accumulating the Silver Eagle Bullion coins, and I believe that the price of silver for each ounce is in for a big increase, but that has nothing in contrast to the potential of the MS70 Silver Eagle coins.
That is the reason why I am so bullish on MS70 coins as a fantastic investment, great wealth protection hedge, and great wealth generation vehicle.
Oh yea… they’re additionally just beautiful….
For the Best Pricing on MS70 American Eagle Silver Coins CLICK HERE
