American silver eagle

[coin_lover]

what is the best price to pay for these modern day eagles, this is my other area of interest. Here I can also make some money.

[Figleaf]

These are not coins. They are stamped bullion. You should treat them as such.

A silver eagle contains 1 ounce of silver. Its value today is Rs 1088.25 at market closure. Intra-day volatility is pretty high, meaning that on market opening on Monday, the price will be different. More information here. If you insist on speculating in silver, you are most probably better off with silver bars, because you will not face melting cost deductions. Be aware that speculating is silver is very risky and that silver gives you neither interest nor dividend. You are dependent on price movements. There is no way you can predict price movements. If there was, there would no longer be a silver market.

You would be even better off if you could find a reliable financial institution offering silver accounts. This is an account that works like a savings account, but all new money is converted to ounces of silver and to withdraw money, the ounces are converted back into rupees. The financial institution usually covers its contingent silver liabilities with forward contracts and does not hold silver or speculates in silver, so you should expect transaction and annual fees. This avoids all the risk of keeping valuables at home, though and it allows you to fine tune the amount you want to have in silver.

None of the above has anything to do with coin collecting.

Peter

[coin_lover]

thanks a lot peter, very useful information indeed, well you are absolutely right silver fluctuates a lot when compared to gold and other commodities. But silver prices at the moment are a bit low. As you also said, silver bars are a better bet than silver coins.

[Prosit]

Peter is right they are stamped bullion. But.....  you knew there was going to be a "but" 

Here in the USA they are avidly collected so often they will have a price above bullion in the marketplace. Maybe or maybe not where you are but they do where I am.

Most don't cost a lot more than bullion but several dates will sell for twice bullion or more.

1996 is a better year as are several of the "burnished" issues since 2006.

I did collect them at one time but after a while I got fed up with the entire "collector coin" and mint issues market.

Dale

[Quant.Geek]

what is the best price to pay for these modern day eagles, this is my other area of interest. Here I can also make some money.

I beg to ask the question.  Are you collecting to make money or for the joy of it...

[coin_lover]

well bullion for both joy and as an investment, ancient coins just for the pride of it.

thanks peter and dale very useful information.infact i brought one today for around Rs.1025 won in ebay bidding

[Prosit]

When I got rid of mine I kept the 2006 since that one was a gift to me. It is one worth about bullion. They are nice looking chunks of Silver.
Dale

[coin_lover]

when I get mine I will post a pic, I mean bullion also has different stamps on it so its worth taking a look  .
I keep seeing Mark Dice going around with his silver and gold bullion trying to sell them cheap, hoping I get hold of one of his when if I visit US and if he tries to sell them to me cheap