BullionMax 5 oz Silver Starter Kit

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BullionMax 5 oz Silver Starter Kit

The silver at spot price offers have been offered by many bullion dealers as a way to entice first time customers with a great deal.

The shutdowns related to the pandemic also impacted the mining industry, including the refiners and private mints.

The system-wide supply chain issues have continued to impact precious metal at the retail level.

Strong investor demand for precious metals has continued throughout the past two years which has caused premiums to reach record levels.

BullionMax is enticing first time customers with an offer for a 2022 5 oz Silver Starter Pack.

This set contains a mix of 5 individual 1 oz coins, rounds and bar.

Many first time investors are often unsure about whether to buy coins, bars or rounds.

This starter kit is a great way to get a feel for a variety of different coins, rounds and silver bars.

  • 2022 American Eagle Silver 1 oz coin
  • 2022 Great Britain Britannia 1 oz coin
  • Random Year Australian Kangaroo 1 oz coin
  • Buffalo Design 1 Oz Silver round
  • Buffalo Design 1 oz silver bar

BullionMax is a relatively new dealer that launched in 2021.

The team behind BullionMax is compromised of industry professionals with decades of experience in the wholesale and retail precious metals markets. BullionMax offers free shipping on orders over $199.

The price for this 2022 Silver Starter Kit varies based on daily changes to the spot price of silver.

Click here to get the discounted price for this Silver Starter Kit.

US Mint Releases Reverse Designs For 2021 American Gold And Silver Eagle Coins

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2021 American Eagle Coin Reverse Designs

The Unveiling of the New American Eagle Coin Designs

New reverse designs for both the American Silver Eagle and the American Gold Eagle coins have just been unveiled by the United States Mint. These exciting new designs will be featured on collectible and bullion coins in 2021. The reverse or tails designs will be available for both versions of the silver eagle and gold eagle collectible coins. The American Eagle Coin Program will be celebrating its 35th anniversary in 2021.

The exciting new designs are set to become available toward the middle of the year. As the Director of the United States Mint, David J. Ryder made a statement. He said the United States Mint has an artistic heritage based on excellence. The gorgeous new designs were created to build on this heritage while fortifying the status of the American Eagle Coin Programs as an icon for both the art and numismatic worlds.

The Redesign for the Reverse Side of the American Eagle Coins

The new designs are enchanting portraits of a proud eagles. The inscriptions on the American Silver Eagle and American Gold Eagle coins are the United States of America, In God We Trust, 1 oz. Fine Gold, E Pluribus Unum.

The designer for the AIP or Mint Artistic Infusion Program is Jennie Norris. The beautiful design she created was sculpted by Renata Gordon, the medallic artist for the United States Mint.

Renata Gordon was previously a volunteer raptor handler.

The deep connection she shares with wildlife was responsible for the inspiration required for her design. She spoke of the American Eagle as a sensationally noble bird. Her intention was to capture the intense stare of the eagle through the use of close cropping. The gaze she created speaks of the wisdom and pride generations have passed down over the course of time.

The Specifics of the New Design

The designs depicted on the silver eagle and gold eagle coins are notably different. Both designs are an attribute to the quality coins available through the United States Mint. The design was created by Emily Damstra, an AIP designer.

Michael Gaudioso is the medallic artist for the mint responsible for sculpting the coins. When Emily Damstra reflected on the design she created she spoke of her inspiration. She said she had the desire to create an image with all of the values represented by our national bird. She focused on conveying the most important traits including cooperation, protection, diligence and care in the most unique way possible.

The Head of the Eagle

The head or obverse side of the redesigned American Silver Eagle and American Gold Eagle coins will still show versions of the same historical designs the mint has featured for these coins during the last three decades. The obverse for the gold eagle coin will show a refreshed depiction of the design established by the well-known sculptor Augustus Saint-Gaudens in 1907.

Adolph A. Weinman is the famous sculptor responsible for the original Walking Liberty depiction of 1916. This image will be displayed on the obverse side of the silver eagle coin. The last issues for coins with the current design are the 20EM or One Ounce Silver Proof American Eagle Coin minted in San Francisco in 2020 and the 20EH or one ounce uncirculated gold American Eagle coin minted at West Point in 2020.

The 20EM or silver one-ounce proof coin of 2020 displaying the S mint mark of San Francisco will become available on October 13th of 2020. The 20EH or one ounce uncirculated gold American Eagle coin of 2020 will become available on November 19th of 2020.

Decreasing the Risk of COVID-19

The United States Mint has closed its sales centers until further notice to decrease employee risks in the workplace of exposure to COVID-19. The United States Mint has also made operational adjustments due to the COVID-19 response. There are customer service representatives ready to answer the questions of both potential and current customers.

Credit card information is not currently being accepted on the phone and customers will be unable to place their orders in this manner. All orders can be placed at this time by visiting the official website of the United States Mint.

About the United States Mint

The United States Mint was created by Congress in 1792. In 1873, the Mint was included in the Department of the Treasury. The Mint is the sole manufacturer for the nation of legal tender coinage. This means the Mint has the responsibility of producing and circulating coinage and conducting both commerce and trade for the nation.

Numismatic products are also produced by the United States Mint including commemorative, proof and uncirculated coins, Congressional Gold Medals, bronze and silver medals and gold and silver bullion coins. The numismatic programs of the Mint are self-sustaining to ensure operation with no cost to the taxpayers.

1986 American Silver Eagle

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1986 Silver Eagle BU

In 1986 the United States Mint launched the American Eagle program. The American Gold Eagle and American Silver Eagle were established as the nations first and official bullion coins. In this first production year, the Silver Eagle enjoyed immense popularity that would lead to high demand the following year, as well.

The inaugural release of the American Silver Eagle coin was produced by the San Francisco Mint. The San Francisco mint struck both the BU and Proof Strikes of the coin. The San Francisco Mint would continue to mint both versions of the Silver Eagle coin until 1993 when proof coins shifted to the Philadelphia Mint. Bullion coin productions was shifted to the Philadelphia Mint in 1999.

The 1986 Silver Eagle was the first year the series was minted. It was also the first .999 fine silver bullion coin produced by the US Mint designed for investment. The mintage for 1986 American Silver Eagle coins was relatively high as was investor demand. The coin was released late in the year and was only sold for two months.

The mintage for BU Silver Eagles in 1986 was over  5 million coins.

It also marked the first year that Silver Eagle proofs were struck. American Silver Eagle proofs are marketed towards collectors. More than one-million proof Silver Eagle coins were solid in 1986.

1986 Silver Eagle Proof Coin

 

 

 

 

 

 

 

Coin Highlights:

  • 1ST Mintage Year of the American Silver Eagle coin from the US Mint.
  • 5,393,005 1986 Silver Eagle BU Coins Minted.
  • 1,446,778 1986 Silver Eagle Proof Coins Minted.
  • Contains 1 oz of .999 pure silver.
  • Carries a face value of $1 (USD) and is backed by the US Government for purity, weight and quality.
  • Features the iconic Walking Liberty design on the obverse.
  • Includes a heraldic eagle design with shield and talons holding an olive branch and arrows.
  • S mint marks on the proof coins from the San Francisco Mint.

With a mintage of almost 1.5 million coins, the 1986 Silver Eagle Proof is the largest Proof Silver Eagle mintage to date.

The obverse is Adolph A. Weinmans Walking Liberty design from 1916, which was also featured on the Walking Liberty half-dollar coin. This is complemented with the reverse design of the heraldic eagle of the United States by then-Chief Engraver of the United States Mint, John Mercanti.

2018 American Silver Eagle Premiums Dropping

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2018 American 1 oz Silver Eagle

The US Mint has announced the availability of the 2019 American Silver Eagle coins. Dealers are already accepting pre-orders of 2019 Silver Eagles at reduced premiums in anticipation of the January 7 release date.

Additionally, several trusted and reputable national online bullion dealers have reduced the dealer premiums on 2018 American Silver Eagle coins to clear out their inventory to make room for the 2019 Silver Eagle coins.

The US Mint charges “Authorized Purchasers”, essentially the 9 US-based wholesale bullion distributors that are allowed to purchase directly from the Mint a $2.00 per coin premium over the LBMA Silver Spot Price at the time of purchase.

The premium that is charged by the US Mint is passed along to the retail dealers who in turn pass it along to consumers, investors and end-buyers. Retail bullion dealers charge a premium over that which covers their overhead and profit.

In recent weeks dealer premiums on 2018 American Silver Eagle coins have been as low as $2.21 over silver spot price when you buy a Monster Box of 500 coins.

See https://FindBullionPrices.com to find and compare the lowest price on 2018 American Silver Eagle coins.

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Silver Eagles vs Silver Maple Leafs

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Many silver stackers and investors choose to buy silver eagles or silver maple leafs because they are both sovereign government bullion.

Both silver eagles and silver maple leafs are widely recognized government bullion.

American Silver Eagle Coins

  • Minted by the US Mint since 1986
  • Official silver bullion coin of the United States
  • Guaranteed and backed for it’s purity and weight
  • Minted of .999 fine silver
  • Weighs 1 troy ounce
  • Legal Tender Face Value of $1 USD

Canadian Silver Maple Leaf Coins

  • Minted by the Royal Canadian Mint since 1988
  • Official silver bullion coin of Canada
  • Minted of .9999 fine silver
  • Weighs 1 troy ounce
  • Legal Tender Face Value of $5 CAD

Silver Eagles vs Generic Rounds

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Should I buy Silver Eagles or Generic Rounds?

A lot of beginning investors ask whether they should start buying generic rounds or American Silver Eagle coins. Most people will answer by telling the person to buy generic rounds because they are cheaper and can be bought closer to spot price. While this may at first seem like sound advice, it is more likely to be bad advice.

When considering whether to buy Silver Eagles or generic rounds one needs to consider the “round trip” cost of buying and selling.

Imagine the scenario where spot price is $16.65. Buying random year ASEs might cost $19.00 ($2.35 premium), a generic rounds might cost $17.65 ($1.00 premium).

A dealer is going to buy back ASEs at a higher price than generic rounds. For example, it is fairly common throughout the US that local coin stores will buyback Silver Eagles for around $1.00 over spot. However, most will usually pay $1.00 or so under spot for generic rounds.

If I sold (1) Silver Eagle and (1) generic round back to the dealer when spot was again $16.65. the dealer might buy the Silver Eagle for $17.65. The same dealer might only buy the generic round for $15.65.

The ASE actually “cost” me less when selling. In this case, I lost $1.35 premium I paid for the ASE, but I lost $2.00 on the generic round.

When considering the cost of buying and selling silver it may seem reasonable to buy generic rounds because they can be bought closer to spot. However, factoring in the cost of selling the same bullion, whether Silver Eagles or generic rounds, the cost of selling is less.