According to the U.S. Mint website, "these coins provide investors with a convenient and cost effective way to add a small amount of physical silver into their investment portfolios. Since their launch in 1986, American Silver Eagles have become leading bullion coin investment products."
However, there are buyers that like to add more than just a small amount of silver to collections. These “silver stackers” conduct purchases through authorized vendors and will order a Monster Box of coins.
So what is in a Monster Box? 500 coins. Specifically, 500 one ounce Silver Eagles, contained in 25 tubes with 20 coins in each tube. Each coin contains one ounce of silver. The coins only have a face value of $1, but these collectors buy as an investment with the hopes that the price of silver will increase. As of the market close on 3/20, silver traded at $28.78 dollars an ounce. One individual coin is sold by the mint for $62.95. Times this by 500 and you can see this is quite an investment.
For those of us that don’t have the money for this purchase, and just want to see what a Monster Box looks like, check out the You Tube video below. The buyer opens a Monster Box live on camera, and also includes some other silver purchases. You may want to turn the speakers down on your computer, as the music that accompanies the unboxing is loud.
I am not sure what someone does with a Monster Box besides put all of the coins in a safe, but wanted to show an example of extreme collecting.
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