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2011 SILVER EAGLES HAVE "LANDED"

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W.K.F.

1,335 views

These are absolutely gorgeous...except for a couple. And "Silver was down BIG today".

Greetings Collectors,

I had a nice surprise today when I got my mail. Actually I was expecting them as the mint delivered all of the SE's to their distributors on Friday the 14th but they did not ship them out 'til Tuesday because of the holiday Monday. I hadn't seen any posts concerning the new silver eagles and was just curious as to, did anyone already receive theirs yet? My order came from Apmex (American Precious Metals Exchange) and along with the roll of eagles I had ordered a 20 Franc gold Rooster. They are approx 1/5th of an ounce (.1867 oz.) of pure gold in each coin. But when I opened my package they sent me a Swiss 20 Franc gold Helvetia instead. Now this gold coin they sent contains exactly the same amount of gold as the Rooster but I already own a few of the Swiss gold pieces and do not own a Rooster. Plus it's a 1930 dated coin, not an early 1900's coin like the rooster is. I just got off the phone with them (Apmex) and told them about the wrong coin along with several of the silver eagles not being "up to snuff". Actually 5 of the 20 of the coins have distracting marks that if sent in, probably would grade 68 or maybe even 67. The two coins in the pic on the left are the worst of the 5. Am I being too picky??

Each roll of all the silver eagle dates I have bought down through the years have been, for the most part, "pristine". And something else I noticed with this roll, all of the coins should have been facing "heads up". These consisted of a few one way and a few the other way with several being head to head or tail to tail. It's almost as if these coins were dumped out and then put back in maybe like someone was checking for oddities or errors.

So, bottom line is, I'm undecided as to whether to send all of them back and go through the hassle to pack them up, drive to the post office, stand in line and then wait for another shipment. I suggested to the girl I talked to that maybe they could give me like $25 off of buying an additional 20 Franc gold rooster and ship it for free etc. I'm waiting on a call back or an email as to what they are willing to do. As I write this, I'm almost at the point that I don't want the roll. Every roll of the 25 previous years I own were all facing one way, heads up and all were virtually "flawless". These are not. My whole reasoning for having a roll of each date is sometime in the far distant future, I could always "make up" 20 complete sets consisting of ever how many coins that are out when this time finally comes. The dings aren't terrible but like I said, they are far below, quality wise, compared to the 20-coin tubes I have bought before. From them and others down through the years. I really hate when something like this happens. I feel on one hand that I am being "nit picky". But on the other hand, I don't want to settle for less than I deserve. So kinda a happy day and then again "not".

On a separate note, those of you that can afford the 5-coin sets, I'm hearing that the new 5-ounce silver coins the mint is doing on the "America the Beautiful" format will be one of those things that will compare to the 1995 proof silver eagle that only came in the 4-coin gold set for that year. The prices I'm hearing are around $1000 for the 25-ounces of silver. I'm thinking that these will be a very good investment along with being some absolutely gorgeous 5-ounce silver coins. "So many coins" & only "so much money". Seems to be the story of my life.

For all of you Franklin half dollar fans, I have an opportunity to obtain 3 NGC coins all grading MS-66 with full bell lines and the dates are the 1948, 1949 & the 1950. All three but the '48 are "top pop" coins with only 2-3 coins graded higher by any service. The price tag for the three, $1400 shipped. I have a couple days to decide but I'm thinking it's a deal I shouldn't pass up. But $1400 there, $1000 for the 5-coin ATB set and here I am, back in the same situation of spending way more money than I should be spending. And I was doing so good for a while. Oh well, I guess "hopelessly addicted" is the only words that come to mind. Decisions decisions...

Happy Collecting

WKF

The silver to gold ratio is 48.945 as all of the metals, especially silver, took a beating today. Silver was down $1.36 an once just a minute ago. For those of you that can, now is a great "buying opportunity.

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