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Dear Reader,
It wasn't more than 12 years ago that I was meeting in my office with former U.S. Mint Director Donna Pope. She was speaking with pride about what she considered to be her greatest achievement as Director under President Reagan: Creation of the American Eagle silver and gold bullion coin programs, the first of their kind in our nation's history.
The purpose of these coins was to give people the opportunity to own physical silver and gold in a form certified for weight and purity by the U.S. Mint. Congress later authorized them to be used in IRA plans. While the bullion coin program was a signal success, there was one consequence neither Ms. Pope nor I foresaw back then.
Nobody took into account the collector market and the profound impact it would have on these coins. It turned out that American Eagles—especially the silver dollars—became enormously popular with collectors, who are building sets of them by date, mintmark and condition.
Silver Eagles = Today's Morgan Dollars
In the 1800s and early 1900s, the U.S. Morgan Silver Dollar was struck year upon year at various mints and went into commerce at face value, which was then a small premium over their silver content. Like today's Silver Eagles, their core value was in their precious metal content. In modern times these coins have become the bedrock of the collecting world, coveted by millions. In top grades, Morgan Silver Dollars can sell for tens and even hundreds of thousands of dollars each. Most of the highest-graded Morgan Dollars are beyond the reach of all but the wealthiest collectors.
As today's collectors saw the Silver Eagle series unfold from its start in 1986, some realized there was a literal "ground floor" opportunity to acquire the top-grade coins as they were released. They started submitting Silver Eagles to one of the leading independent grading services, the Numismatic Guaranty Corporation (NGC). They prayed that the coins would come back with the highest-possible grade: MS70. (All Uncirculated coins are graded on a point system from a low of 60 to a high of 70, with 70 representing flawless perfection). Then the market began to take off.
MS70 = $$$$$!
Fast forward to now. Today, almost every Silver Eagle struck since 1986 is worth about the same thing: A small premium over the spot price of an ounce of silver. But for those coins that earned the top grade of MS70, it's a different story: of all the Silver Eagles produced in 2010 by the U.S. Mint, less than one out of every 681 earned the NGC MS70 grade!
In the rarified atmosphere of MS70, Silver Eagles have soared to market prices that I can only characterize as surreal. Consider this: MS70 Silver Eagles have been selling for truly stratospheric prices. Here are just a few eye-popping examples:
1996 MS70 Silver Eagle $5,340
1991 MS70 Silver Eagle $2,660
1994 MS70 Silver Eagle $1,660
2000 MS70 Silver Eagle $3,130
Lightning Strikes Twice: A Fabulous MS70 Silver Eagle Deal
Given the stellar performance of NGC MS70 First Release Silver Eagles, I've been trying to snag any quantity of them for years now. Then out of nowhere, lightning struck when the CEO of America's largest wholesale bullion brokerage supplied us with the last of the 2011 Silver Eagles in the coveted MS70 grade. (His firm actually supplies our government with the blanks used to make U.S. Silver Eagles).
I was lamenting the fact that we ran out of those 2011 MS70 Silver Eagles so quickly, leaving thousands of customers hanging. He sympathized with our plight. "Well Nick, the 2011s are history, but we're going to submit a quantity of 2012 Eagles to NGC immediately. They're the very first ones released from the mint. There's no telling how few may come back with the perfect MS70 grade, but if you give me a firm written advance order now, you can have every one that does."
I wasted no time in negotiating the purchase and signing the contract. Who says lightning never strikes twice?
It Just Keeps Getting Better
I was thrilled to lock up a guaranteed supply of Perfect Gem MS70 Silver Eagles from a primary distributor. Moreover, every coin would be certified and encapsulated by NGC, one of the top two firms for grading coins. But better yet, because we'll get the very first coins released from the mint, they will have the value-enhancing "First Release" designation.
What does "First Release" mean? NGC designates only those coins it certifies as having been released during the first 30 days of issue as First Release. Collectors place a premium on these coins because they are struck from freshly made dies, which is thought to impart superior quality. Only a miniscule number of the mintage gets the First Release pedigree - and they're always among the most highly sought-after and collectors pay a premium to get one.
CALL IMMEDIATELY BEFORE THEY'RE GONE
I don't know how many of the 2012s we'll have, but you can take advantage of my "bolt of lightning" deal on these Perfect Gem MS70 coins at blowout prices just $99 each!
To avoid disappointment I urge you to call immediately toll-free (888) 324-2089 and request Offer Code FD1001P to find out how you can qualify for free shipping*.
NOTE: Earliest orders get priority, so call immediately to avoid disappointment!
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