Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

2021 Silver Eagles Type 1 or Type 2??

Recommended Posts

Hello, New to Gold and Silver Stacking and Collecting.   I was wondering if anyone could offer there opinion on the brandnew 2021 Silver Eagles if Type 1 is better to purchase or the Type 2??  Just Curious.  I have read that many people are not happy with the new design.....I have some of both...but I want to know if I should actively seek out one or the other. 



Link to comment
Share on other sites

First, an ounce of silver is an ounce of silver. The design of a pure bullion coin should be a secondary concern. The main decision should be on the type of silver bullion (on Silver Eagle, or Britannia, or Maple Leaf, or etc. level). This should match your geographical region, it is recommended to buy the national bullion coin.

Having said that, getting a favorable design can raise the fun aspect of stacking branching out into semi collectability. But that's more of a personal than a public impact.

Personally, at the moment I would try to get some of the type 1 designs, because these will get harder to get over time, and it would be nice to have a stack of both designs.

Link to comment
Share on other sites

An ounce of silver is definitely not an ounce of silver, if we mean any ounce is worth the same as any other ounce. The difference in premiums refutes the equality idea. In the US, Eagles have much higher premiums than Britannias for some reason. In general, you can get spot for Eagles when selling to dealers, but not always for other coins, and certainly not for bars or rounds.

As far as the two types, it's early, but long-term I doubt it will matter much. If you were selling to new stackers a couple of years from now, they might prefer the then-current Type 2 Eagles. But it's hard to say. The Type 2 is a big disappointment because it doesn't have any noteworthy security features, which as I recall were promised. The US Mint is lazy and far behind the Royal Canadian Mint, the British Royal Mint, and even the Aussies. I would probably default to Type 2 at this point. Last I saw, the Type 1 had higher premiums or was already out of stock. I wouldn't buy either right now, since the premiums are still unusually high, but once they settle down I'd prefer the Type 2.

Link to comment
Share on other sites

I believe it mostly boils down to price.  The reality is that the premium for Eagles isn't likely to return to what it was pre-Covid anytime soon.  I pay a great deal of attention to the price of Eagles, and can say that generally speaking, the new design is among the cheapest you will find for BU coins. 

But does that make it the absolute BEST option if you live in the U.S.?  Well, currently one particular website that I prefer using to make purchases has Random Year and Type 2 Eagles listed at the same price.  In this instance, the obvious choice to make is Random year, in my opinion.  You have the possibility of getting older date Eagles, which, if you shop around, almost always carry a higher premium. 

Either design will feature the "perks" of owning Eagles (recognition, etc.), so if you don't have a preference on how it looks, I would suggest going for the cheapest you can find.  Personally I detest the Type 2 design, so I would choose cheaper "Cull" Eagles over those, Random Year, or simply wait until the prices come down for Type 1s rather than bother with the disappointment that are Type 2.  Hope this helps.

Link to comment
Share on other sites

I would venture to say that the 2021 type 1 may turn into a wanted item in time,as it only had a limited run due to the mid year transfer to type 2,and the general shortage of production of items from the US mint in general,so myself I am actively enjoying finding type 1 at the moment but also the type 2 for much the same reason,although the type 2 less so as they will be minted going forward this year .

Link to comment
Share on other sites

Personally, I would only by the old design. 

A forum member may be listing a complete date fun shortly I understand.  That is something that I personally would not miss.  



Not my circus, not my monkeys

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use