American Eagle Silver Proof Coin Store

Question by LBTNG: What type of Gold American Eagle coins are best to put into a gold IRA?
I have decided to buy a gold IRA, but there is conflicting information given by different companies.

Some say to put Gold "proof" American Eagles in it, because they are more valuable than non-proof American Eagles. Others say that it is not worth it, because the coins, when in an IRA, are only valued based on the value of the metal itself, and not on the collectible value, so this is just a way for the salesman to make a better commission from you.

Does anyone know the real answer to this question?

Best answer:

Answer by dmatt
The fees can be crazy on holding physical gold in an IRA, and many companies are no more than elaborate scams. If you want to own gold, buy the GLD ETF. GLD is the worlds second largest holder of physical gold, and its much much much cheaper to buy that than physical gold. If you still want physical gold buy bullion. Bullion does not have the collector value that coins have and as such your value won't fluctuate with the collector market, just the gold and currency markets. If you're not stuck on buying gold in your IRA, take a look at the bullion offered on ebay, thats a really cheap way to own physical gold and its easy to sell for cheap on ebay. I've done this myself, just be selective with what gold you buy, make sure its in a sealed pack and comes with a certificate from a reputable mine like Pamp Suisse.

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[wprebay kw="american+eagle+proof+coins" num="2" ebcat="11116"]

Question by MT: Why did the US Mint stop making gold and silver eagles for 2009?
I was checking the US Mint website and learned that they most likely won't be selling any Gold or Silver eagle coins because of the demand. Are they planning on minting the Gold and Silver eagle coins in sufficient quantities for collectors anytime soon? Will they be available next year?

Best answer:

Answer by liberty911
There is a link at this webpage which shows the 2009 American Eagle mintage which might be lower than most years. These are always available for a limited time, and I believe the time has expired for 2009. You should be able to find these from many coin dealers but at a premium price. Good luck.

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[wprebay kw="2009+silver+eagles" num="0" ebcat="11116"]

Question by grmike28: is trading gold in for silver a wise thing to do today?
at a local bullion dealer I traded in a gold sovereign (about a quarter ounce) for 3 silver maple leafs and 8 silver eagle walking liberties in unc condition. I don't think the world economy or currency prices will be stable ever again until the whole system changes (including removing the USD as the world's reserve currency). In the past the gold to silver ratio was lowest during bad economic times reaching as low as 14 during the 20th century a couple times and averaging 17 for most of history before the 20th century. What do you think?
"No gold is worth more"
that's obvious but how much more is the question? is it worth 50 times more like it is now or 20 times more which is closer to the historic ratio?
"I would not have traded in your Sovereign for the silver you did."
I wasn't ripped off. 1/4 ounce of gold is worth 327 dollars at today's close (December 27, 2010).
The walking liberties are silver eagles I said that. They sell for an average of 34-40 dollars each on ebay. They are unc condition and range in dates from 1991 to 2005. I could have gotten more maple leafs if I wanted but I preferred the silver eagles. Some of the maple leafs are still in the package from the royal canadian mint. I got 11 ounces of silver and not just any bullion personally selected dates that I know command premiums, for 1 quarter ounce of gold. 11 ounces of silver = 330, 1/4 ounce of gold = 327.
the commission wasn't a big deal. I've been going to the coin dealer for years he has a significant amount of bullion. In the exchange he gave me over 90% of the value of the gold coin and didn't charge a premium on the silver (under 33 dollars for each silver ounce which includes maple leafs).
I don't own a lot of gold but I think silver is a lot more undervalued than gold. When times are great (like most of the last couple decades) gold is still worth a lot because it has high demand in jewellery, silver is taken for granted. In times when people want commodities silver rises a lot more than gold (70% versus 30% last year).
"Removing the USD as the world's reserve currency?"

http://in.reuters.com/article/idINIndia-49758120100629

China and Russia 2 of the BRIC countries got rid of the US dollar in November 2010 for bilateral trade. India has also attacked the dollar as well as OPEC. Having the reserve currency has helped the US a lot, it's the reason why oil is cheapest there than anywhere else in the world and has allowed them to print as much money as they want something many other countries aren't free to do. When commodities demand is large enough to push gold to 5000 or more per ounce silver should be over 250. The only time silver is very low is when gold is under 1500 or 2000 an ounce.

Best answer:

Answer by Zeco
No gold is worth more

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Question by RP: american gold eagle coin fake???
i just bought on ebay for 0, a 2004 bullion american gold eagle, the edges and lettering are perfect, no mottling or pockmarks, the US mint states they're supposed to weigh 8.483 grams, but when i weighed mine, it syas it is 8.522, off the stated mass by .039, is this normal? seeing how each coin can't be identical?

Best answer:

Answer by coolrage256
yeah i would say thats a pretty good fake but if you dont believe me call the FBI and ask them cuz they only supposed to be .012 off

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[wprebay kw="2004+american+eagle+coin" num="1" ebcat="11116"]

Question by Dewayne: Is buying Gold, Platinum or Silver American Eagle Proof coins (US Mint) a good investment?
I imagine this would depend of the how the price of gold, platinum or silver does in the marketplace, but would there also be a collectors' interest even if the prices of metals took a downturn?

Best answer:

Answer by GuamGuy
Basic way of making money:

Buy low, sell high.

Look at the current cost of gold and silver and compare it to the last 50 years. Is it low right now? If you're buying "high" then it's not a good investment.

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[wprebay kw="us+mint+silver+eagle+proof+coins" num="0" ebcat="11116"]

Question by : i need to know the initial offer prices of 2006w american eagle proof gold coins. 1 oz, 1/2 oz, 1/4 oz, 1/10,?
1 oz, 1/2 oz, 1/4 oz, 1/10 oz, & 4 coin set.

Best answer:

Answer by Daniel S
kitco.com

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Question by tigerhuy: Why does a 1 oz silver American eagle coin appear larger than a 1 oz gold American eagle?
Is the gold a more dense metal? Or is is simply an optical illusion and the thickness is actually greater on the gold coin?

Best answer:

Answer by Ben P
Yes, gold weighs more than silver. 1 oz. of silver would be bigger.

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[wprebay kw="great+eagle+coin" num="0" ebcat="11116"]