American Silver Eagle Coins, the Silver Standard
The American Silver Eagle (ASE) coin has become the most recognized government issued bullion coin in the world. Introduced by the US Mint in 1986, the American Silver Eagle bullion coin has stood the test of time. Millions of Silver Eagle coins are minted each year. Investors and silver stackers are always on the hunt for the cheapest American Silver Eagle coins available.
Silver Eagle Premium
Authorized Purchasers are bullion wholesalers. Authorized Purchasers buy Silver Eagle coins at a fixed premium of $2.35 per coin over the LBMA silver spot price. This automatically sets the price of American Silver Eagle coins higher than generic silver bullion. The dealers pass this premium on to consumers along with an additional premium that represents the dealer’s price markup.
Cheaper American Silver Eagle – Random Year (BU)
There are opportunities for buying American Silver Eagle (ASE) coins at a significant discount. Dealers trade American Silver Eagle coins from individuals at a discounted price as part of the precious metals secondary market.
Dealers sells these coins for sale at a discount. This helps to pass some of savings on to end users by offering discounts on “Random Year” coins. This usually means that the dealer has an inventory of coins that they’ve likely acquired from different individuals over time.
Random Year American Silver Eagle coins are one of the best values available for silver investors and silver stackers.
Cull Condition – The Cheapest American Silver Eagles
The cheapest American Silver Eagle coins available for sale on the secondary market are usually “Cull” coins. The condition of Cull American Silver Eagle coins will vary from dealer to dealer and from batch to batch. The conditions will usually show:
- Signs of scratches
- Some wear and tear
- Signs of circulation and handling
- May have been cleaned
- Imperfections or other damage
A cull ASE coin will still contain 1 troy ounce of silver and the intrinsic value remains. Even in cull condition American Silver Eagle coins are still the most recognized government bullion coin in the world.
The cheapest American Silver Eagle coins you can buy will most often be ones in cull condition.
Where to Find the Cheapest American Silver Eagle coins
Dealers that offer cull condition and secondary market American Silver Eagle coins will have product listings on their website. The description or title of the listing will identify the coins as Random Year or Cull American Silver Eagle coins.
FindBullionPrices.com tracks the prices from a variety of trusted and reputable online bullion dealers. The price of Random Year American Silver Eagle and Cull American Silver Eagle coins varies based on daily changes to the silver spot price.
