2023 Silver Eagle and Increasing Silver Value
I'm packing up my coin collection as i'm packing up my office. I keep some of my favorites near by, but now they're going to a cool dark place until it's time for them to see the light of day again.
I came across this 2023 Silver Eagle and had to remark it's brilliance in the sunlight. In near-perfect condition, it's value has increased about 41% since 2023.
It wasn't that long ago that silver under $25.00 was typical, now we're looking at about $33.00. The majority of my silver investment was back when silver was around $13 - 16. I was DREAMING of $20 silver!
It's amazing to think that this physical investment as more than doubled in value, just in silver melt alone, let alone numismatic value increases due to demand and inflation.
Turns out I was right back in 2007, when I started investing heavily into silver. The sell value is now 136% higher than it once was.
Truth be told, I was convinced it would be 1000X by 2025, but who knows what the future will be. It would be bitter-sweet. On one hand, I would be happy that my investment was doing well, on the other hand, I would be sad that it will be more difficult (expensive) to acquire new assets.
FOMO guys. You'll be telling your grandchildren about how we used to purchase a 99.9% pure silver coin for less than $500. They won't believe you!
Just like how I used to go to coin shops with a $20 bill and walk out with a nice collection of new silver coins.
Going in today, better bring a stack of cash if you want to leave with anything interesting.
What's more Valuable than Gold or Silver?
Many centuries ago, a man named King David wrote songs to the Most High. Exceedingly rich, far beyond any of our imaginations - yet he esteemed his wealth as nothing compared to the glorious WORDS of the God of Creation.
Bless the Most High!
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A substantial increase in the value of the coin, which by the way has a fantastic design.
It's a fan favorite, for sure! !BBH
A very wise investment my friend!👍
I remember my dad driving by the local coin shop that had the current Silver spot price in the front window…….:
$1.99 per ounce 😇💪😊
Wow, less than $2 for an ounce of silver. Of course most people had silver in their change purse that they carried with them. !BBH
I used to go to the bank and get rolls of silver quarters!😇
Back then, nobody seemed to even think about Silver!🙄
You are already in profit for your investment, Benjamin! The profit will only increase in the coming years, no doubt. Just keep holding :)
!BBH
Holding is the plan! I hope to hold it until I HAND it to my children. !BBH
Beautiful coin! I love the American Eagle coin and have been collecting since the series started. I wouldn't doubt the day will come when a silver coin is $500, it will be a sad day for the value of the dollar though!
How's the family doing?
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I remember when I was young, there was a Silver Eagle collection that had all the sequential dates from the '80s to then current early 2000's. It was missing some key dates like 1996, but it averaged about $25 / coin. Since this was double spot price at the time, I couldn't justify it's hefty price-tag, but looking back, I really wish I had saved up and purchased it.
Family is doing well, though they're unsure what it'll be like for a week without daddy. I'm flying out to Minnesota for sales training later this evening. It'll be unusual for daddy too, being away from family. I'm the perfect example of a "family man". I'll be back next Sunday, none too soon.
!BBH !ALIVE
You received an upvote of 100% from Precious the Silver Mermaid!
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Thank you, precious! !BBH
Thanks for the growth overview, @gratefuleveryday! (I have to get used to your new handle!) It is revealing, isn't it?
!BHH
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I like the design of the coin, it is good to make this type of investment, maybe it will continue to rise in value, you just have to be patient.
Physical silver is not a popular investment in our country. It's a wise investment.
There's only one way to get around the high inflation of Silver and Gold, and that will be with Common U.S, Coinage... Start thinking $9 Silver and $90 Gold, using Common U.S. Coinage...
Gold and silver, pothole filler in Heaven.
If one could find a pothole in heaven.
That is a gorgeous coin, Benjamin! Silver, gold, solid crypto, and land, are the best long-term investments from what I've been seeing, so you made some very good decisions in your silver acquisitions. 😁 🙏 💚 ✨ 🤙
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