millenium silver eagle

[Spike-migration]

I'm thinking of buying a SILVER EAGLE FROM A MILLENIUM SET. It's certified by NGC as MS69. My question is What is this coin worth? Is it any more valuable than a

2000 silver Eagle and why?

 

 

thanks

 

Spike

[Hoot]

I'm thinking of buying a SILVER EAGLE FROM A MILLENIUM SET. It's certified by NGC as MS69. My question is What is this coin worth? Is it any more valuable than a

2000 silver Eagle and why?

 

 

thanks

 

Spike

 

Spike - Although I can't tell you how much the coin is worth, I can tell you that it is not a particularly valuable coin in monetary terms. The coins in the Millenium set are no different than those produced for distribution otherwise, except that they went into the set. The way that NGC certifies these is that a collector sends the set intact to NGC (without the dollar bill) and NGC removes the coins then certifies and grades them. They also will grade and certify pieces that are crossed from other services that have the "pedegree" on the insert. Those coins may garner a very slight premium over their non-Millenium counterparts.

 

More of a coin-holder combination for the sake of nostalgia than anything else.

 

Hoot

[Beijim]

Rationalizing a value for this particular coin is, to an extent, handwaving. Here are some observations:

 

- Ultimately, the value is what an informed buyer is willing to pay. I'd recommend monitoring eBay for a few weeks to get an idea of the coin's selling range. With this knowledge, you can bid on the coin without overpaying as compared to the prevailing market.

 

- There's no physical difference between the 2000 Millennium Set Silver Eagle and one taken from a US Mint roll of twenty year 2000 coins. The only difference at all is the provenance you get on the holder by submitting the coin to a grading service in its original Millennium Set packaging. The holder designation may be worth a premium to you if, for example, you're building a complete Silver Eagle set or for some other reason simply want the coin to have come from the Millennium Set as opposed to a regular US Mint roll.

 

- Millennium Sets routinely trade on eBay in the $50-60 range. For example, this evening an unopened example sold for just over $52.

 

- The maximum possible graded population of the Millennium Set coin is 75,000 because this was the mintage of the Millennium Set from which it comes. The Millennium Set coin currently enjoys by far the lowest NGC graded population among all mint state Silver Eagles. Recognizing that the "Millennium Set" distinction is a somewhat artificial scarcity, it's nonetheless reasonable to expect to pay some premium for this distinction over, say regular year 2000 coins in comparable grade.

 

Bottom line: check out the market and pay what seems reasonable relative to your desire to own the coin. A quick search on eBay yielded a Buy It Now price of $75 as the lowest currently offered.

 

Good luck,

Beijim

[braddick]

I'm thinking of buying a SILVER EAGLE FROM A MILLENIUM SET. It's certified by NGC as MS69. My question is What is this coin worth? Is it any more valuable than a

2000 silver Eagle and why?

 

 

thanks

 

Spike

 

Spike - Although I can't tell you how much the coin is worth, I can tell you that it is not a particularly valuable coin in monetary terms. The coins in the Millenium set are no different than those produced for distribution otherwise, except that they went into the set. The way that NGC certifies these is that a collector sends the set intact to NGC (without the dollar bill) and NGC removes the coins then certifies and grades them. They also will grade and certify pieces that are crossed from other services that have the "pedegree" on the insert. Those coins may garner a very slight premium over their non-Millenium counterparts.

 

More of a coin-holder combination for the sake of nostalgia than anything else.

 

Hoot

Hoot, not completely accurate. Certainly the American silver Eagle is the same but the SAC was minted with a different finish (PL is the best way to describe them).

[Hoot]

I'm thinking of buying a SILVER EAGLE FROM A MILLENIUM SET. It's certified by NGC as MS69. My question is What is this coin worth? Is it any more valuable than a

2000 silver Eagle and why?

 

 

thanks

 

Spike

 

Spike - Although I can't tell you how much the coin is worth, I can tell you that it is not a particularly valuable coin in monetary terms. The coins in the Millenium set are no different than those produced for distribution otherwise, except that they went into the set. The way that NGC certifies these is that a collector sends the set intact to NGC (without the dollar bill) and NGC removes the coins then certifies and grades them. They also will grade and certify pieces that are crossed from other services that have the "pedegree" on the insert. Those coins may garner a very slight premium over their non-Millenium counterparts.

 

More of a coin-holder combination for the sake of nostalgia than anything else.

 

Hoot

Hoot, not completely accurate. Certainly the American silver Eagle is the same but the SAC was minted with a different finish (PL is the best way to describe them).

 

Hi Pat - I've heard different things on this. I've heard that a millenium Sac cannot be distinguished from a a PL Sac. Essentially, the burnishing that was done on the millenium Sackies is no different than the burnishing done on other planchets. Finding a PL Sackie is only a matter of luck with circulation pieces.

 

Hoot

[braddick]

I'm thinking of buying a SILVER EAGLE FROM A MILLENIUM SET. It's certified by NGC as MS69. My question is What is this coin worth? Is it any more valuable than a

2000 silver Eagle and why?

 

 

thanks

 

Spike

 

Spike - Although I can't tell you how much the coin is worth, I can tell you that it is not a particularly valuable coin in monetary terms. The coins in the Millenium set are no different than those produced for distribution otherwise, except that they went into the set. The way that NGC certifies these is that a collector sends the set intact to NGC (without the dollar bill) and NGC removes the coins then certifies and grades them. They also will grade and certify pieces that are crossed from other services that have the "pedegree" on the insert. Those coins may garner a very slight premium over their non-Millenium counterparts.

 

More of a coin-holder combination for the sake of nostalgia than anything else.

 

Hoot

Hoot, not completely accurate. Certainly the American silver Eagle is the same but the SAC was minted with a different finish (PL is the best way to describe them).

 

Hi Pat - I've heard different things on this. I've heard that a millenium Sac cannot be distinguished from a a PL Sac. Essentially, the burnishing that was done on the millenium Sackies is no different than the burnishing done on other planchets. Finding a PL Sackie is only a matter of luck with circulation pieces.

 

Hoot

After viewing many of the millenium Sacs I've concluded they all have a "wet" sort of PL surface to them. This is not typical for the average mint state coin.

However, there is NO difference between the silver Eagles outside of packaging and for that reason I've been disapointed in NGC and PCGS for designating these as Millenium Strikes.