Sell Silver Eagles in Las Vegas | Silver Eagles Dealer
Thanks to its iconic design that represents patriotism, Silver American eagle coins have become quite popular to coin enthusiasts alike. The US Mint produces these coins, which is the official bullion coin of the country. These coins carry a face value. However, people more commonly use Silver Eagles for its bullion value. You can sell your Silver American Eagles, too, if you need fast cash. All you need to do is find a reputable dealer of Silver Eagles. Neil Sackmary pays the highest amount of cash in turn for the value of Silver Eagle coins among all buyers in Las Vegas. His shop, Nevada Coin Mart, is home to coin dealers that give the closest amount of money to the price of Silver Eagles. To know more about the value of your silver eagles, keep reading on.
Silver Eagle Value
Once you’ve decided to sell your Silver Eagles, you might want to do a bit of research first so you can avoid regretful transactions. An average Silver Eagle coin dealer would consider the following factors when determining the price of a Silver American Eagle:
- Weight and purity of the silver. Remember that Silver Eagles have a purity of 0.999 as described by their fineness. Also, there is exactly 1 troy ounce of pure silver in each of the Silver Eagle coins. The purity and weight are guaranteed by the U.S. government.
- Silver premium. This refers to the percentage adjustment that is added or deducted from the silver spot price. With Silver Eagles, its silver premium is determined by the costs of production, refining, and fabrication.
- Collectability. This is basically referring to the historical value that goes along with the coin. Some investors, regardless of their condition and grade, look for Silver Eagles for their collectible value more than their face value. The collectability comes in especially for older versions that are in “uncirculated” condition (we will get to that later on). These are usually pretty rare though, as most of the millions of American Eagles in the world are considered for silver spot price first.
- Spot price of silver. This refers to the price of an ounce of pure silver available in the market. It regularly changes as it is impacted by the supply and demand of silver at the time of valuation.
Silver Eagle Price
As a bullion coin, most of a Silver Eagle’s price correlates to the spot price of silver. To find out what the base price of the coin is, you must reference the US silver spot price which you can find here: https://www.kitco.com/charts/livesilver.html
Silver Eagles Dealer
Without a doubt, the best place to sell your Silver Eagle coins in Las Vegas is to Nevada Coin Mart. We are an award-winning local business that has won the “Best of Las Vegas” awards sponsored by the Las Vegas Review Journal over 12 times and counting. This guarantees not only that you will be getting treated fairly, but also that you will be getting the most money for your items. Bring your coins to our shop now to know how much you can sell your Silver Eagles for.
Nevada Coin Mart is home to reputable dealers of Silver Eagle coins. We test bullion items and other precious stuff like silver jewelry using a non-destructive process that involves using a modern piece of technology in the industry of gemology called the x-ray spectrometer. This is more favorable than the scratch tests that other stores and pawnshops do because such tests can permanently damage your silver bar’s condition and desirability.
Sell Silver Eagles
As the leading dealer of Silver Eagles in the area, we try to make our services available as much as possible. For this, we keep our store open 365 days a year, from 9 AM to 6 PM. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103 today to get a free quote. You can also call us at 702-998-4000 to talk to one of our coin experts today.
The US Mint guarantees that Silver Eagles contain 1 ounce of 99% pure silver. The start of the minting of the American Silver Eagle stems from the 1970s when the US had too much silver on its hands. Because of this abundant amount of silver, the American mint decided the best way to get rid of it (while making a profit) was to produce a national silver coin for the United States. This was the birth of the “American Silver Eagle” coin.
In 1982, Senator McClure introduced bill S. 2598 which provides for the disposal and issuance of silver coins from the Defense National Stockpile. Later on, Representative Larry Craig supported this using a companion bill called H.R. 6649. However, the government never enacted these bills. They came up with yet another bill that has the same purpose, but again, the government did not put the bill into force. They referred it to the Committee on Banking, Housing, and Urban Affairs, and the committee held several hearings for the bill.
After two years, Senator McClure introduced an amendment to this bill. In 1985, they started calling this bill the “Liberty Coin Act.” This act authorizes the Secretary of the Treasury to finally pursue the minting and issuance of silver bullion coins. Since then, it has become recognized for being one of the most prestigious silver coins in the world. People all over the world collect Silver Eagles and hold them with such high esteem.