If silver ever totally crashed and fell below $1.00 per Troy ounce, your Eagle coin would still be legal tender for a dollar. That is never going to happen. If what you're thinking about, our currency being devalued, you will want to have some silver. But smaller coins will be better as a trading medium than a large dollar coin. You might be able to buy a gallon of milk with a silver quarter. But if all you had was an Eagle, there's a better than even chance you will get less than 75 cents in silver coins back in change. The barter system has only the rules two parties decide work for them at that moment.
No, in a case where the American economy completely collapses American Eagles will just be a reminder of a failed regime. They will have almost no value intact. But f you melt them down and turn them into silver slugs they will be worth their metal value.
Think, son. Think....
Regardless of anything else, an eagle is a troy ounce of three-nines silver and will always have intrinsic value as such.
Ik that these coins are essentially silver (.999) and backed up the U.S. Government. Let's say (hypothetically) that a catastrophe happens to the U.S. and the value of all U.S. legal tender loses a lot of their values. Since the composition of the Silver Eagles are just silver, it will still have value as long as silver itself has value, correct? Even though they are affirmed by the U.S. government and are considered legal tender, the American Silver Eagles WILL keep their intrinsic values as just silver, right?
