Numismatics is the study of money, and a numismatist is a person who studies or collects money. Some collectors specialize in coins and notes from a particular country, like the United States, while others aim to have a bit of everything from around the globe. For the coin collector in your life, the American Silver Eagle coin can be a perfect addition to their collection. Read on for everything you need to know about this popular coin and how it can make the perfect gift this holiday season.
History of the Silver Eagle
The Silver Eagle coin was first released by the U.S. Mint in 1986. Made from 1 ounce of 99.9-percent pure silver, these coins are certified and regulated by the Mint to assure their quality. The Mint produces the standard silver bullion coin, which can even be used to invest in retirement accounts, as well as an uncirculated version specifically for those with a numismatic bent. This way, the collectible coins are untarnished due to being passed around.
The face value of a Silver Eagle is $1, and it can be used to pay in any transactions involving cash. However, the intrinsic value of the coin changes according to the current price of silver, called the spot price. The intrinsic value fluctuates, but as a point of reference, it is hovering around $16 in December 2017 for circulated Silver Eagles. The uncirculated collector's version costs a bit more, coming in at around $75. Special editions can go as high as $250 for serious collectors.
Silver Eagle Gifts for Your Numismatic Loved One
Here at Roswell Gold, Silver & Coin, we have a variety of Silver Eagle gifts for you to choose from. For a 2017 coin, the basic price is the current spot price, plus $3.50. You also have the option of adding an airtight clear plastic holder to protect the coin or a snap-lock holder featuring Santa Claus or Frosty the Snowman. These cases add $4.50 and $6.50, respectively, to the spot price.
To really show off the beauty of the coin, try an official U.S. Mint velvet gift box, adding $10.50 to the spot price. You could also make a pair by gifting both the Silver Eagle and the $5 Gold Eagle, which retails for $150. For serious collectors, you may want to consider purchasing a U.S. Mint Proof Set. The standard version sells for $32, while the silver version costs $55.
If you have a coin collector in the family, we also have a large selection of specialty collector coins, currency and gold and silver products for you to choose from this holiday season. Please give us a call, send us an email or just stop by in person, and we will be happy to show you some great items for your favorite numismatist. Stop by today to buy, sell or trade your coins!