Are american silver eagles an ok investment?
June 7, 2010 by admin
Filed under Silver Investment FAQ
Are american silver eagles an ok investment? I also like the idea of collecting coins so are there any old silver coins that wouldn’t run too much above the spot price of silver?
The worst investment is anything Cash. Since the silver eagle coin is cash, it does not make for a good investment.
You will pay over double spot for these Eagles. So no, I don’t think they are that great an investment.
I collect Morgan (silver) dollars. These will run you 20 – 40 dollars for the more common ones. And 50 – 500 for scarcer coins. You could probably get Peace dollars somewhat cheaper than this. Maybe 20 – 30 dollars each.
Silver is NOT an “investment”, it is a hobby or nice jewelry; an “investment” would grow in value, silver has done nothing but decline in actual value for over 600 years!
http://www.sharelynx.com/chartsfixed/600yearsilver.gif