Eagle Dollar Stuns
By Steve Roach
ascension above the $1,000 an ounce level, and
silver's jump to $17 an ounce has brought
mainstream attention to the bullion markets.
This traditionally has sparked an interest in
American Eagle gold and silver coins.
Proof American Eagle coins have been of
particular interest at the wholesale level, with
major dealers paying $45 for Proof American
Eagle silver dollars and $1,670 for Proof
American Eagle 1-ounce gold $50 coins with
original Mint boxes and paperwork.
Common Mint State 69 American Eagle silver
dollar certified by Numismatic Guaranty Corp.
and Professional Coin Grading Service are seen
at retail coin shows priced at $30 to $35, and
can be found for as low as $25 including
shipping on eBay. Uncertified examples can be
purchased for $3 above the spot price of silver.
At the September Long Beach auction by Heritage,
two American Eagle silver dollars brought
incredible prices showing that there is still
life at the high end of the registry set market.
The prices were especially surprising because
traditionally, registry pressure has been
strongest for PCGS coins.
A 1991 American Eagle silver dollar graded MS-70
by NGC realized $34,500, while a 1999 issue in
the same grade realized $27,600.
As comparison, a comparable 1999 American Eagle
silver dollar at auction in May for $7,475 while
two NGC MS-70 1991 silver dollars sold on eBay
through the site's Buy it Now function for
$4,850. At press time, two are currently listed
with Buy it Now prices of $9,700 and $9,999.
The extremely high results for the two coins at
Heritage likely reflect exuberant bidding rather
than a dramatic upturn in the market for the
highest graded American Eagle coins.
Common NGC MS-70 American Eagle silver dollars
can be found for $45 and MS-70 PCGS examples can
be purchased for around $75 on eBay.
The key Proof 1995-W American Eagle silver
dollar with its very low mintage of 30,125
pieces has suffered dramatic reductions in the
past few years. Multiple NGC Proof 69 ultra
cameo examples have sold at auction recently for
around $3,000, a sharp decrease from 2006 when
they regularly sold at $5,500.