Collectible Investments: American Eagle Silver Proof Dollars
Jun 15th, 2009 by capitaladmin
Interesting (personal+anecdotal) article about the value of an investment in American Eagle Silver Proof Dollars. It may or may not work out in the end unless you have a complete set or if you are looking to trade in buillion market values buying in on the lows and hoarding until you can make a standard market profit. Here’s to all things shiny none-the-less…
Can investing and collecting go hand-in-hand? Yes — especially if you are collecting coins, stock certificates, bank notes, or other rare items of value. Larry Schutts, an expert in investment-related collectibles, will periodically review items of interest from his collection and answer your questions here.
Every December, I send each of my brothers a package of Christmas gifts for the family. The boxes contain the usual assortment of presents one sends to sisters-in-law, nephews and nieces, but my brothers always get the new American Eagle Silver Proof dollar. The U.S. Mint has issued the coins every year since 1986 and I have been sending them just that long. It has been some time since the boys have been able to express any surprise about their gifts, but I have always told them to be of good cheer. Those silver dollars, I have said with emotional certainty, are bound to be worth rather more one day. Well, I got to thinking about that promise recently and I thought I would look at the prices folks are getting for the coins nowadays to see whether I was right… [ more ]
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