Is Silver Double Eagle $2 Coin a scam or a great buy?
Silver Double Eagle $2 Coin
The 2020 Silver Double Eagle Coin is a collector's coin made almost completely of silver. This coin features two soaring American Bald Eagles on the front, and the Cook Islands' stamp, or imprimatur, on the back along with the Liberty Bell. Two dollars is its stamped face value. The large eagles in flight on the front, or obverse, of the coin, take it up almost entirely with their spread wings and large heads. They soar towards the left edge of the coin if you are looking directly at it. You can see what is normally the white "hood" of the bald eagle on each one, and feathers are engraved on the eagles. On the reverse, the woman's face silhouetted in the Liberty Bell with the Cook Islands imprimatur is Queen Elizabeth II.
Total Cost Breakdown
The cost of Silver Double Eagle $2 Coin is $19.95 plus $4.95 shipping for a total price of $24.90.
This price was obtained from the As Seen on TV commercial page which was taken offline due to Silver Double Eagle $2 Coin being discontinued. Silver Double Eagle $2 Coin may still be found for sale on Amazon or Ebay.
This price was obtained from the As Seen on TV commercial page which was taken offline due to Silver Double Eagle $2 Coin being discontinued. Silver Double Eagle $2 Coin may still be found for sale on Amazon or Ebay.
Features
- Silver Weight and Purity
The coin is made with 0.999 pure silver. It weighs 0.5 ozt. "Ozt" is the designation for a Troy Ounce, which is different from an ordinary, or "avoirdupois" ounce, like you would use in cooking. Troy ounces are heavier than ordinary ounces and used to designate the weights of precious metals. The 2020 Silver Double Eagle is larger and purer than its United States predecessor, the Morgan silver dollar.
These collectors' coins are the only "silver" coins remaining with pure silver in them. Since 1965, coins such as dimes, nickels, and quarters have been made with a silver-colored, nickel-copper alloy. - History
2020 is the first year this coin has been minted. The coin is endorsed by Reagan-era treasurer and 37th Treasurer of the United States, Angela "Bay" Buchanan. Buchanan started the program of minting silver bullion coins in the United States, the Silver Eagle Bullion Program. It began in 1986. She imagined the design of the Silver Double Eagle when she started the program, and it has ultimately been realized this year.
The Cook Islands are not part of the United States, but loosely governed by New Zealand. However, the coin highlights a partnership with the Cook Islands. The coin was created by a collaboration between the National Collectors Mint and the Cook Islands government. - Surface Styling
The images on the front and back of the 2020 Silver Double Eagle coin are known as frosted reliefs. Frosting means the reliefs are matte. This effect is reached by the Treasury's making tiny marks on the surface of the coin. The background is reflective, mirror-like, and the style is known as silver proof.
Positive Points
- #1 Collectors' Coin
The general category of these silver bullion coins, the American Silver Eagles, is the most popular, number 1 selling silver bullion coin in the world.
- Display Case
A display case is available for this coin. Using a display case will not only show off the coin, but protect it from tarnish.
- Certificate of Authenticity
The 2020 Silver Double Eagle coin comes with a Certificate of Authenticity certifying it is silver, the percentage of silver in the coin, and that it is legal tender.
Negative Points
- The Problem With Silver
Like all true silver, silver bullion coins will tarnish if exposed to the open air, moisture, or both over time.
Critical Advice
Non-circulating legal tender, such as this coin, costs more than its face value. You could use it to buy something if you wanted to, but it is a collector's item that collectors expect to go up in value. Interested individuals invest in silver bullion for the future. This coin will appeal to hobbyists and those who invest in currency as a liquid investment that can be kept at home or in a safe. It is not mass-printed by the Treasury for everyday use.
How It Works
These coins are to be collected and if the collector decides to do so, displayed with or without a case, as a unique version of the popular collectors' and investors' coin the American Silver Eagle.
Wise Advice
Do not buy Silver Double Eagle $2 Coin online before searching Amazon.
- Alternatives or the same items are always available and sometimes at lower prices.
Wise Advice
Do not buy Silver Double Eagle $2 Coin online before searching Amazon.
- Alternatives or the same items are always available and sometimes at lower prices.
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Posted: 08 Aug 2021 Mike Buttrey - (Charlotte, NC)
Does it seem the least bit odd to think there might be a problem with selling or buying an 'American' silver coin with the head of a monarchy depicted on it? I think our founding fathers, especially Washington would roll over in his grave to know such a coin had been minted here.
1 of 2 people found this review helpful.
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Posted: 31 Aug 2021
Jerold stolte
Was just looking at mine and noticed the "there" queen was on the bell. This is not only odd but a message, things like this are no accident.
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Posted: 06 Jun 2021 Sandy rumsey - (Lemon Grove, CA)
Why doesn't it say in god we trust?
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Posted: 08 Aug 2021
Mike Buttrey
Interesting question I think. Probably be an even more interesting answer if you get one.
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Posted: 08 Apr 2021 Charles Horner - (Kennett, MO)
How do I Purchse This Coin?
What do I do to purchase this 2$ silver double eagle?
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Posted: 27 Jan 2021 Lori Sinclair - (Milton, FL)
Back of the Coin
Who is the woman on the back of the coin?
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Posted: 08 Aug 2021
Mike Buttrey
Queen Elizabeth the second. Which prompted my earlier comment.
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Posted: 03 Oct 2020 Gary Marquart - (Winter Haven, FL)
If I order today when will it be shipped.
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Posted: 27 Sep 2021
Vee Patreic
Why would you pay one ounce silver price for 1/2 ounce silver coin?
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