In 2005, 8,891,025 uncirculated Silver Eagles were minted and sold. There can be no doubt that every bullion silver investor was becoming happier with each passing year. The spot price of silver in 2005 settled to an average of $7.32, with spikes of up to $9.22. This was the highest price silver had ever been going back to the introduction of Silver Eagles in 1986. Yet it still had a far higher climb ahead of it in the years to come.
A lesson for investors: It's usually wise not to act too impulsively when making purchase or selling decisions. An investor in 2005 might look at the previous decade's sluggish silver prices compared to 2005, and conclude that this was the peak and decide to sell - which would have been a grave mistake. The price of silver almost exactly doubled from 2005 to 2008.
Over this same time period, the beginnings of the subprime mortgage crash which would lead to the US recession of 2007 - 2009 were starting to show. The price of the typical American home had increased over 120% since 1980. As a percentage of the GDP, US home mortgage debt rose from an average of 46% in the 1990s to 73% by 2008. Various other economic indicators were pointing to an unstable bubble forming, but by then it was too late to cool it down.
While precious metal investors don't necessarily need to study the details of other markets' history, it does pay off to pay attention.
Shipping & Returns Policy
General Terms:
All users of this site agree that access to and use of this site are subject to the following terms and conditions and other applicable law. If you do not agree to these terms and conditions, please do not use this site. We strive to ship all package within 7 business days of full payment of order (except in the case of a preorder), however, due to the inherent nature of unique collectible products, at times this might not be possible. Because of the nature of the Internet, online ordering your purchase from CoinsTV acknowledges that you have read and agree to these terms and conditions.
CoinsTV Return Merchandise Authorization (RMA) Policy
- All order changes or cancellations must be reported prior to shipping and by phone on 1-833-482-6467. Returns must include a Return Merchandise Authorization (RMA) Number. The RMA number can be obtained from our Customer Service department at 1-833-482-6467. All calls requesting RMA should be in the time designed for them (10:00 AM to 6:00 PM Monday through Friday EST, excluding the national and religious holidays).
- Collectible coin and packaging items may be returned for a replacement or a complete refund with 30 days of receipt of the order. Bullion items are final sale items and are not returnable.
- All returned orders may be subject to quality, authenticity and originality tests by CoinsTV testing facility or by a third party authorized by CoinsTV. Upon the explained test(s) results, nondefective items may be subject to a 20% restocking fee.
- CoinsTV reserves the right to refuse any request or actual return, exchange or refund if it does not meet our stated terms.
For our full Shipping and Returns policy, please visit the Shipping Policy in our footer.