All coins dated 1906 are fakes, produced for some reason by Chinese, maybe for peddling outside the US. The Statue of Liberty-Ellis Island Commemorative Coin Act of. (1986-Date) The American Silver Eagle was first issued in 1986 and since then more than 200 million silver eagles have been struck. Note, however, that Shawna's coin is dated 1906, not 1986 like modern Ellis Island commemoratives. See different coin varieties for American Eagles & Bullion Coins in NGC’s VarietyPlus, a comprehensive guide to NGC-recognized coin varieties. The gold plating is extremely thin and adds no value over and above silver value. They contain 0.77 troy ounces of silver and their value goes up and down with the silver market.
These sell retail today for $25 to $35 US dollars due to their silver content. The coin in our main picture is a beautiful Ellis Island commemorative coin produced in silver by the US mint in 1986. They make terrific collectibles and gifts, but buy them because you like them, not because they may be valuable some day. If you buy a modern commemorative coin that's great. Their price is usually pumped up by marketing hype, so you pay way too much for them in the first place, making it almost impossible to realize a profit after, say, 20 years. People buy these coins as collectable items, but, with very few exceptions, they hold almost no potential of strong growth in value. Mints around the world produce coins with literally breathtaking appeal and beauty. Today's minting technology is really something. US Ellis Island Dollar (Counterfeit) 1906
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