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?
On November 2, 2010 Robert Wohlsein
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