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Proof Silver Eagles: Exciting or Routine?
October 28, 2010

It has been three weeks since the proof gold American Eagles were put on sale by the U.S. Mint.

So far, nothing has sold out.

The possibility exists that none of the sales options will reach their maximum possible number, though the one-ounce gold piece is putting up a fight and has the best chance of crossing the goal line.

How will collectors react on Nov. 19 when the proof silver American Eagles go on sale if the gold versions are still on the market?

Will they be less enthusiastic about jumping in? Or does it matter at all?

Most coin collectors avoid gold because it is expensive. This was true even in 2001 at the last gold market bottom.

However silver buyers cannot help but be aware of how the proof gold American Eagles are doing.

When it comes time to send the credit card information to the Mint and the realization sinks in that the proof silver American Eagle bullion coin costs double silver value and anybody can order 100, won’t that tend to depress the impulse to buy one or two extras just in case as many collectors often do?

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Recent Comments
On November 2, 2010 Robert Wohlsein said
Every thing I have seen leads me to believe that silver will keep going up so the price at 45.95 may be a good deal in the long run. Now I would like to know why the mint is so secretive about release dates of the new parks quarters. I live close to Mt.Hood and would like to go to the release party.Can you be of any help?

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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