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Miscellaneous
New Shipment of 2021 Type 2 70 FDOI Received at NYC Bullion

This is the first year of issue for the 2021 Type 2 70 FDOI Silver American Eagle redesign. This is the first time the silver eagle has had a redesign in its entire history. It’s had tweaks here and there on its original design over the years but always kept the same image on the front and back.

What New Details Are Included For The 2021 Type 2 70 FDOI?

This is the first year the US Mint has implemented a new design. It’s a historic moment in the silver eagle series. This is also the first time the US Mint added a security feature to the Silver Eagle – a gap in the reeding at 6 o’clock. The Silver Eagle has never had a security feature added to it before – they introduced it on the 2021 Type 2 Silver Eagle for the first time. Currently, the new Type 2 Silver Eagle will be limited up to 15 million mintage – which sounds like a lot but is actually lower in terms of recent mintages (2020 had 30 million, in other years there have been 40+ million in a year). The coins we are offering are also graded at the highest possible grade by NGC or PCGS – MS 70. NGC and PCGS are easily the two most respected coin authentication and grading services in the world – PCGS is even a publicly traded company. 

The grade of MS 70 means that multiple professional coin graders at one of these companies examined this coin and determined that it qualified for the highest grade on the numeric grading scale, with no post-production flaws visible to the naked eye.

First Day of Issue 

We also have First Day of Issue coins available – this means that not only did these coins qualify for NGC or PCGS’s highest grade, but were also released from the Mint on their very First Day of Issue (the Mint continues to produce and release silver eagles throughout the year, but what ends up only a fraction of the total are actually released on the first day). 

So this silver eagle has a LOT going for it: having a mintage well off of the all-time high, being MS 70, being First Year of Issue of the new design, having a security feature for the first time, and being released on the First Day of Issue.

What is the Future Potential of Owning a 2021 Type 2 70 FDOI?

So I’ve already talked about what makes this Silver Eagle so historic and special but let me put this in context and talk about its potential for growth.

If you look at the first year of issue for the silver eagle in its history – 1986 – you’ll see premiums on them are through the roof. They trade anywhere from $50-$100. And that’s just for the raw ones, ungraded by PCGS or NGC, not MS70, not first day of issue, and no security feature. 

The graded 1986 MS 70s may possibly be able to find for $1000 per coin. And the 1986 coin is just one example of how many of the backdated silver eagles trade. 

Any raw silver eagle in decent condition from the 1980s or 1990s and some dates into the 2000s have big premiums on them. Collectors want them. That’s because when they’re building a set and they need those years, they’re not always available because they’re backdating and just hard to find in good condition sometimes. 

To have 2021 Type 2 Silver Eagles in MS 70, First Day of Issue, First Year of Issue of the new design, with a mintage that is well under half of the yearly all-time high, is special. When collectors are looking back on these coins trying to fill this gap in their collection, just like they’re doing now with the eagles from the 80s, 90s, and early 2000s, this coin will be a must-have, especially in MS 70 FDOI.

Another thing to consider is the rare coin market in general – rare coins historically, over the last 50 years, have appreciated nearly 7000% according to PCGS’s rare coin index. That’s in large part because new collectors enter the market over time. That’s happened throughout the rare coin market’s existence over hundreds of years, and we’ve been seeing this happen especially since March 2020, when alternative investments like rare coins saw an incredible influx of new collectors.

Conclusion

Bottom line – more people will compete for rare coins, meaning demand will grow, while the supply of 2021 Type 2 silver Eagles will remain the same. They’re not making any more of these – ever.

The last couple of points I’ll make about this is the fact that if you buy this coin, you won’t be owning something that’s hard to sell – this coin is still made of an ounce of silver – and by the time you look to sell this coin (if you ever do!), the spot price of silver could easily be more than the price you paid per coin (depending on where you think silver will go over time).

That’s what makes this coin special and its potential for growth. In terms of what we’re offering them for, we actually just slashed our prices on this coin to make it available to collectors and investors, and they’re at extremely low prices right now. 

We’re offering 2021 Type 2 MS 70 FDOIs for as low as $27.99 over spot per coin right now. This is a really good deal considering that premiums for regular ungraded random-year silver eagles are already around $13 over the spot price of silver. 

If you were looking to buy silver eagles, getting these Type 2s is probably a good move. Considering what these coins have going for them, and their potential growth, it really is a great deal. The FDOIs are truly special coins, and we’ve also got First Strike and Early Release Coins if those are more your speed.

Feel free to stop by and check out this 2021 Type 2 MS 70 FDOI located at our store in the middle of the Diamond District in Manhattan. NYC Bullion offers high-quality investment-grade products and expert customer support. 

Miscellaneous
What Is The Difference Between Silver And Sterling Silver?

from the ore to your hand

What is the difference between silver and sterling silver? Have you ever seen these numbers – 900, 925, 999 or 9999 – on your jewelry piece or bullion item? Some of you probably still wonder what they show or stand for. 

Silver is a precious metal which you won’t find in nature in a 100% pure form. This means that we need to extract it from various ores or mix it with galena and argentite. To offer silver the well-known shape, the ores undergo several refining processes. These processes separate the silver from all other types of particles. Namely, the complexity of these refining actions is the key factor that defines the fineness (and value) of silver. Thus, the first four numbers, the silver grades, showcase the amount of fine silver in a specific precious metal piece. For instance, 900 means 90% pure silver, while the remaining 10% indicate that it consists of other metals.

The maximum purity can reach up to 99.99% or .9999 fineness. But the most popular highest silver purity is 99.9%, .999 or 999 – all three being the same, differing only by scale/notation. Silver with .999 fineness is called fine silver, actual silver, or pure silver; 99.99% pure silver – ultra-fine silver. Therefore, the silver having less than .999 fineness is sterling silver, being usually 92.5% pure.

Silver and sterling silver

 

What is Sterling Silver?

Silver in its original state is fully liquid. A 999 fine silver is not “suitable” for jewelry. Even the easiest attempt at making a ring from it makes the silver lose its shape. Thus, when we use silver in manufacturing jewelry items, we need to alloy it with other metals, such as nickel, copper, or zinc. These alloys make silver less soft and more durable. What is 925 sterling silver? In the US, pieces containing .925 silver and .075 copper, zinc or nickel are considered as sterling silver jewelry. In other countries, like Russia, the limit may be lower (.900 fine silver) and is regarded as enough for marking it as a silver product.

What is Fine Silver?

Solely 99.9% pure silver is admitted to be traded at trade markets, which means that this type of silver is used mostly for investment purposes. The .999 pure silver bullion bars, coins or rounds have been famous investment options for many years. Moreover, over the last decades, they appear as more optimal than pure gold items due to the silver’s limited resources, lower price, and increasing demand.

Silver bars are more common bullion pieces, which have standard sizes and almost no premium added to their production price. On the other hand, .999 silver coins are more valuable because of their collectability. Silver coins carry higher premiums since the minting process is more complex and they usually come in limited quantities. Each of these silver pieces is a signature product of a renowned mint: for example, the US Mint strikes the iconic American Silver Eagle, the Royal Canadian Mint the famous ultra-fine .9999 Silver Maple Leaf, the London Royal Mint – the beautiful Silver Britannia.

To trust or not to trust?

If you are wondering how to find the real purity of your piece despite its .925 or .999 mark, there are certain tips that will help you find out its actual fineness. Items carrying a 925 silver value will change in color over time since the nickel, zinc, or copper will interact with the oxygen or other elements in the air. You can test the 925 sterling silver by using a special acid kit. If you apply the acid to the silver item, it will change its color if the pieces have a fineness less than .925. However, we advise you to get your piece appraised by professionals in order to avoid any damages.

Do you own a pure or sterling silver item that you want to sell or authenticate?

Contact NYCBullion, and we will evaluate your pure silver or sterling silver piece with high accuracy. You can confidently sell any type of silver, including silver bars and scrap silver, as we guarantee the best services and quote on the market.

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