eBay Auction Prices Realized for American Silver Eagles


This article provides recent eBay auction prices for US American Silver Eagle Coins. This series of bullion coins is very popular on eBay and elsewhere. The American Silver Eagle was introduced in 1986 and is still being minted today.  The coin contains 1.0 Troy Ounce of 9993 Fine silver and has been issued in both business strike and proof. Figure 1 is a picture of the obverse of an uncirculated 1989 American Silver Eagle.

american eagle
Figure 1 – Obverse of 1989 American Silver Eagle

Table 1 lists the average eBay auction premium over melt value realized for American Silver Eagle Coins. The prices in the “Average Auction Price” column were taken from actual eBay auctions of “raw”, that is, uncertified coins over the period of September 2012 to December 2012. The final auction price includes any shipping costs. At least three auction results were used to form the average price. The average price has been rounded to the nearest half dollar. During the period from September 2012 to December 2012, the price of silver ranged from a low of $30.91 to a high of $34.96. The "+" and "-" signs behind of the values in the "Average Premium over melt" columns are changes since this same report was issued in March 2012. If the premium increased over one dollar from the March to December reports then there is a plus sign behind the value. If the premium dropped by more than one dollar over the period from March to December then there is a minus sign behind the value. Lack of a plus or minus sign means the premium changed less than one dollar during this the same period.

Table 1 – eBay Auction Prices for American Silver Eagles


Date

Average Premium over melt

Date

Average Premium over melt

1986

$13.00

2003

$9.50

1987

$10.00

2004

$8.00

1988

$8.50

2005

$8.50

1989

$11.00

2006

$8.00

1990

$9.00 +

2006-W Burnished

$37.50 +

1991

$9.50 -

2007

$7.50

1992

$8.00 +

2007-W Burnished

$7.0 --

1993

$10.00

2008

$8.00

1994

$8.50

2008-W Burnished

$19.50 +

1995

$10.50

2009

$11.50

1996

$20.50 +

2010

$8.00 -

1997

$8.00

2011

$10.00

1998

$8.00

2011-W

$11.50 -

1999

$7.50 -

2011-S

$194.00 - *

2000

$7.00 -

2012

$7.00 -

2001

$10.50

2012-S

18.00

2002

$12.00

2012-W

13.50

*NGC MS69 grade coin prices used

To use this table to calculate the current price of a particular date, first, find the current spot price of silver. You can find this from the www.kitco.com web site or a newspaper. Make sure to use the current cash or “spot” price for silver not the Futures price for contract delivery in an upcoming month. Secondly, add the price in the “Average Premium over melt” to the current spot price. This price is the average final price for an eBay auction.

As an example, take the 1989 American Silver Eagle. From Table 1, the “Average Premium over melt” for the 1989 Eagle is $11.00. If the silver spot price is $35.00, then the average final price for an eBay auction would be $35.00 + $11.00 or $46.00. Some auctions will close at a higher price and some will close at a lower price of $46.00.

The change in the premiums paid over the melt value of the coins was not significant, that is, five of the dates have plus signs and seven of the dates have minus. This indicates the market is stable for American Silver Eagles when sold on eBay auctions.

 

eBay Update on Coins, Currency, and Precious Metals

 

This update provides insight into the eBay sales of coins, currency, and precious metals as seen through the eyes of two eBay Powersellers (eBay IDs: dwest61506 and jdwest07). This update covers U.S. and World coins and currency sold during April 2012. The method of sale was by auction, which nearly always started at 99 cents and carried a zero reserve price, or through sales of Buy-It-Now items.

U.S. Collector Coins – (Lincoln Cents, Indian Head Cents, Buffalo Nickels, Mercury Dimes, Barber Coins, Walking Liberty Half Dollars, Franklin Half Dollars, Morgan Silver Dollars, Peace Dollars,…). This area of the market showed little change from previous months. As usual, coins that were priced right and that were of good quality for the grade sold better than coins that had minor problems or were overpriced. Some of the better dates in the Lincoln and Indian head cents went for less than expected in the auctions. During the month of April, the price of silver was steady to slightly down and this didn’t “push” any of the silver related items to higher prices or increase their demand. This caused prices for items such as circulated half and silver dollars to show little change from past months. Buy-It-Now example sales from April: 1924-D VG Lincoln Cent $40 and a roll of Good or better Indian Head Cents $54. Overall market rating: Stable.

U.S. Type Coins – (Half Cents, Large Cents, Two and Three Cent pieces, Seated Liberty coins, Bust type coins, 20 Cent pieces, Trade Dollars,…). Similar to the U.S. Collector Coins discussed above there weren’t any new trends emerging from this group of coins. Collectors were looking for that right coin to fill the hole in their collection. Overall market rating: Stable.

Bullion – Gold, Silver, Platinum, and Palladium – (90% silver or “Junk” silver, world bullion coins, US gold – circulated pre-1933, and modern Silver and Gold Eagles). The month of April was not kind to precious metals. All four of the metals showed a drop during the course of the month. For example, silver opened April with a spot price of $32.42 and ended the month at $31.20. Gold showed a similar drop from $1677.50 to $1651.25. These aren’t large percent changes, however, a quiet and slightly down market in precious metals does tend to lessen demand for bullion related items. Common silver U.S. silver coins minted before 1965 or “Junk” silver coins sold in auction for an average of eight percent over their melt value. This was only slightly down from the previous month. One ounce silver Art bars sold in auction for around 15 to 25 percent over melt. More interesting designs or bars from Engelhard or Johnson Matthey commanded the premium prices at the top end of this range. The premium showed a decrease in modern world bullion related coins, such as, Canadian Maple Leafs, Mexican Onzas, and the more common one ounce Australian silver coins. U.S. Gold coins minted before 1933 showed little change in the premium over their melt value in an auction format. Typically, these coins in circulated grades sell for a three to ten percent premium over their melt value. eBay auction result from April: A-Mark brand silver bar sold for $37. Overall market rating: Weak to Stable.

U.S. Proof and Mint Sets 1950 to 2011 – This area of the market has been showing some improvement in the past few months and April was no exception. Over the last couple of years the prices of proof and mint sets has shown a marked decline. Now the prices seem to be stable and starting to move up in a very controlled manner. The sets that are tied to the precious metals prices, such as the 1960 to 1964 proof sets and the recent silver sets tended to move down slightly with the decrease in the price of silver. The clad sets from the 1970’s and 1980’s have become so cheap that collectors are starting to stock up on them while the prices are down. Auction examples: 1999-S original Silver Proof Set sold for $120 and 1956 original Proof Set $47. Overall market rating: Stable to Strong.

U.S. Currency – (Regular issue U.S. Currency from 1880’s forward, Colonial, and Confederate States of America, Military Payment Certificates, Fractional Currency, Depression Scrip, Obsoletes,…) This area of the market has started to rebound in the last few months. Sales are brisk for properly graded and reasonably priced currency, of all types. Buy-It-Now examples from April: 1907 $5 “Wood Chopper” VG United States Note for $80, 1929 National Bank Note $10 Vinita, Oklahoma (CH#4704) Fine condition for $199. Overall market rating: Stable to Strong.

World Collector Coins – (Regular issue coins of the World (non-U.S.), most in circulated grades and priced below $200) – This area of the market is business as usual. Collectors are still looking for that “right” coin to add to their collection. Setting the right price for World coins is always a problem. The Krause Standard World Coin price guide are very helpful, however, on certain countries the catalog prices aren’t realistic. For example, I have found the Krause prices are too high in general for Australia, New Zealand, and some German coins and too cheap for Chinese coins. I nearly always price Buy-It-Now coins well below Krause Standard Catalog prices to get a reasonably quick sell. Buy-It-Now example from April: 1904 Canada Fine 10 Cents $19. Overall market rating: Stable.

Market Ratings Definitions:
Weak – noticeable decrease in activity and prices
Weak to Stable – small decrease in activity in prices
Stable – activity and prices are basically unchanged from the last few months
Stable to Strong – small increase in activity and prices
Strong – noticeable increase in activity and prices

 

eBay Auction Prices Realized for American Silver Eagles

 

This article provides recent eBay auction prices for US American Silver Eagle Coins. This series of bullion coins is very popular on eBay and elsewhere. The American Silver Eagle was introduced in 1986 and is still being minted today.  The coin contains 1.0 Troy Ounce of 9993 Fine silver and has been issued in both business strike and proof. Figure 1 is a picture of the obverse of an uncirculated 1989 American Silver Eagle.


Figure 1 – Obverse of 1989 American Silver Eagle

Table 1 lists the average eBay auction premium over melt value realized for American Silver Eagle Coins. The prices in the “Average Auction Price” column were taken from actual eBay auctions of “raw”, that is, uncertified coins over the period of November 2011 to March 2012. At least three auction results were used to form the average price. The average price has been rounded to the nearest half dollar. During the period from November 2011 to March 2012, the price of silver ranged from a low of $26.16 to a high of $37.23.

Table 1 – eBay Auction Prices for American Silver Eagles


Date

Average Premium over melt

Date

Average Premium over melt

1986

$13.00

2002

$12.00

1987

$10.50

2003

$9.50

1988

$8.50

2004

$8.00

1989

$11.00

2005

$8.50

1990

$6.50

2006

$8.00

1991

$10.00

2006-W Burnished

$32.00

1992

$7.50

2007

$7.50

1993

$10.00

2007-W Burnished

$18.00

1994

$8.50

2008

$8.00

1995

$10.50

2008-W Burnished

$18.00

1996

$19.50

2009

$11.50

1997

$8.00

2010

$10.00

1998

$8.00

2011

$10.00

1999

$9.00

2011-W

$14.00

2000

$7.50

2011-S

$212.00*

2001

$10.50

2012

$8.50

*NGC MS69 grade coin prices used

To use this table to calculate the current price of a particular date, first, find the current spot price of silver. You can find this from the www.kitco.com web site or a newspaper. Make sure to use the current cash or “spot” price for silver not the Futures price for contract delivery in an upcoming month. Secondly, add the price in the “Average Premium over melt” to the current spot price. This price is the average final price for an eBay auction.

As an example, take the 1989 American Silver Eagle. From Table 1, the “Average Premium over melt” for the 1989 Eagle is $11.00. If the silver spot price is $35.00, then the average final price for an eBay auction would be $35.00 + $11.00 or $46.00. Some auctions will close at a higher price and some will close at a lower price of $46.00.

 

eBay Auction Results for “Slabbed” US Coins

 

This article is an analysis of 98 US professionally graded or “slabbed” coins that sold on eBay auctions during 2010 and the fist quarter of 2011. All of the coins were graded by one of the following professional coin grading services: ANACS, ICG, NGC, or PCGS. The auctions ran for 7 days and started at 99 cents and had no reserve price. The final price included postage and insurance costs.

Table 1 shows the results of sorting the 98 auction sales by the grading service and the average fraction of the realized price in terms of Coin Dealer Newsletter (CDN) Bid prices. From the results in the table it is clear that PCGS graded coins sell for more than ANACS, ICG, or NGC.

Table 1 – Total Group Sorted by Grading Service


Number is Group

Grading Service

Fraction of CDN Bid

40

ANACS and ICG

0.96

33

NGC

1.08

25

PCGS

1.21

Table 2 shows the results of sorting the 98 auction sales by the denomination and the average fraction of the realized price in terms of Coin Dealer Newsletter (CDN) Bid prices. The results in the table indicate that minor coins, that is, cents through quarters, which are professionally graded, sell for a higher percentage of CDN Bid than the other denomination groups. Half Dollars as a group faired the worst.

Table 2 – Total Group Sorted by Denomination


Number is Group

Denominations

Fraction of CDN Bid

13

Cents thru Quarters

1.17

15

Half Dollars

1.01

65

Dollars

1.06

5

Pre-1933 Gold

1.03

Table 3 shows the results of sorting the 98 auction sales by the MS grade and the average fraction of the realized price in terms of Coin Dealer Newsletter (CDN) Bid prices. The results in the table indicate that coins grading MS60 to MS63 receive the highest auction price relative to CDN Bid. The high end grade of MS65 appears to give the poorest performance of the group.

Table 3 – Total Group Sorted by Grade


Number is Group

Grades

Fraction of CDN Bid

9

MS4 to MS58

1.00

10

MS60 to MS62

1.17

25

MS63

1.15

31

MS64

1.06

23

MS65

0.97

Conclusions for eBay Auction Buyers

In the authors experience all of the four grading services (ANACS, ICG, PCGS and NGC) typically do a good job of grading coins. I have seen exceptions to this rule by all four grading services. As a buyer, especially if you want to take the coins out of the holders, ANACS and ICG do offer the best bargains on graded US coins. PCGS graded coins are the most costly but on the flip side, they have the highest resale value. NGC graded coins are in the middle of the range between ANACS/ICG and PCGS.

Conclusions for eBay Auction Sellers

You can expect to get the highest percentage above CDN Bid for PCGS graded minor US coins in MS60 to MS63 condition and expect to get the lowest percentage of CDN bid for ANACS or ICG graded half dollars in MS65 condition. NGC is once again in the middle of the pack