American Silver Eagle Values
American Silver Eagle coin sales have been on
fire this year. Eight of ten months were "best
ever" records. 2009 has already been crowned the
top-selling year of all-time, and that was back
in early October.
For a series which began in 1986, nothing
underscores the demand for the silver eagles
better. Their values in the upper grades are
nothing to laugh about either.
In our latest installment of analyzing recently
sold coins on eBay, we took a 40-day snapshot of
more than 5,500 completed auctions of 2009-dated
American Silver Eagles.
What we found, and as coin collectors would
naturally expect, is that there are significant
rewards in selling graded MS70s. But how values
have changed over the 40 day period is
illuminating. Especially in regards to the
harder to get PCGS "First Strike" designated
2009 Silver Eagle Prices Realized on eBay
As is typical, the premiums for ungraded Silver
Eagles hovered just above the current market
price of silver. Our 40 day sampling of data
from some 4700+ completed listings shows
premiums of between $3.00 and $4.90 above the
London Fix price of silver.
Unlike the ungraded examples, MS70 Silver Eagles
enjoyed solid premiums. In examining over 800
sold listings on eBay, realized prices above
silver’s cost ranged toward $60 from the bottom
of the scale to an upper reading of just above
The biggest winner in the bunch is clearly
Silver Eagle "First Strike" PCGS MS70s. Our
sampling base was much smaller at under 50, but
sold prices reflected a sharp upward trend
during the 40-day period, with the low premiums
around $100 in early October and the highest
prices reaching just over $250 in late October
and early November.
As a side note and for consideration when
reviewing this information, it can be a
difficult proposition to collect and analyze
completed auctions for certain types of coins on
eBay. The process is not perfect nor completely
encompassing. Sellers list auctions differently
and often use a variety of descriptions.
In all cases for the above data sets, researched
filters were used to collect the widest range of
data available during multiple 5-day windows at
the time of sales. Averages for those data sets
were used. In an attempt to compare apples to
apples, listings with multiple eagles were
excluded. Likewise, the data for MS69s was
dropped, as the focus was to compare the bottom
and upper tier premiums.
As of this writing, the United States Mint has
sold 24,256,500 bullion 2009 Silver Eagles to
its authorized purchasers, who then in turn
resell them to the public or other dealers. For
reference, here are the latest US Mint sales
figures by month:
US Mint 2009 Silver Eagle Bullion
Sales by Month
* As of Nov. 13.
The US Mint will not strike collector proof
or uncirculated American Silver Eagles this
year, as it announced in
early October. It stated in part:
Because of unprecedented demand for
American Eagle Gold and Silver Bullion Coins,
the United States Mint suspended production of
2009 proof and uncirculated versions of these
All available 22-karat gold and silver
bullion blanks are being allocated to the
American Eagle Gold and American Eagle Silver
Bullion Coin Programs, as mandated by Public
Law 99-185 and Public Law 99-61, respectively.
Both laws direct the agency to produce
these coins in quantities sufficient to meet
public demand. The proof and uncirculated
versions of the American Eagle Gold and Silver
Proof Coins are not mandated by law.