United States Mint Releases Updated Details On 2015 Silver American Eagle Production

When a bullion coin all of a sudden becomes an overnight sensation, it may be better to hold your cards and not put money into it that you would miss if it turns out to be a loser such as this.

I will pay $50 for either PCGS or NGC MS69 2015-(P) and $75.00 for a MS70. This seems cruel but in reality this is all they're really worth at best. I will pay more than the usual $30 for a slabbed MS69 but being a "Calamity Coin" earns a little premium. I feel sorry for the owners (sorta) The folks who paid $4K plus for 70's probably have enough money that it won't hurt them. The Good People REALLY hurt are the average working guy who collects labels as such and spent money saved for a period of time. Instead they could of had a nice CC Morgan but instead they got a lemon.
One suggestion to owners of these lemons: if you bought off ebay and used Paypal to pay for it you have 6 months to file a dispute. They are definitely "not as advertised" Paypal is always very buyer friendly in their decisions. Good luck folks.....I do feel sorry for you.
The sad thing is a lot ASE collectors who got burnt will give up on collecting them. I will be right with them probably. The only ASE's I will probably keep is one from each year, Burnished ASE's, reverse proofs and my anniversary sets.

I want to see them start striking Eagles in New Orleans. Would be nice to see an O minted coin again

I will say that if someone likes the looks of labels and collects them - good for them! It is their hobby.

Next:
1. We note here that the mint did nothing wrong. They made coins with no intention of them being instinguishable as to the mint they came from.

2. The TPGs can claim they did nothing wrong b/c they only guarantee the coin is a genuine ASE (lack of accountability helps keeps them in business anyway - as does inventing new ways to market identical coins to make more money slabbing).

3. Certain end users were known by marketers to exist, and became targets.

4. The targeted "little guy" spent and lost his money.

So who is really at fault?




Which is sad since this issue is not about coins and reminds me of the Beanie Baby craze. The cloth and filling were worth very little, but people spent thousands on some b/c of marketing peer pressure. The collectors put faith in perceived value -- where there was no actual value -- and lost a lot of money.

The reality is that each of these ASEs is only worth one ounce of silver. If people are willing to pay a lot of money for different packaging, they are taking a chance on peer pressure/marketing incited perception of value.

Try breaking out one of these ASEs and ever getting it to again have the same perceived value attached to it.

Yup. They did the same thing in the 70's and 80's by minting coins in San Francisco and West Point without mint marks.

http://goccf.com/t/290816#2472111

The erroneous mintage number released pertained to the 2015-P bullion ASE.

No surprise here.

They depend on marketing a "reputation mindset" and faith, not their actual quality of product, to keep them in business.

Harsh statement? It must be nice to have a business where customers praise your expertise while simultaneously not trusting your expertise enough that they pay to have über-experts slap a green sticker on your work to show you are an expert!


So does it really matter what TPG says about this matter?

These marketing-ploy ASEs have no real added value. They have a perceived value by people who hearken to the marketing geniuses of these companies. These are the real experts at the TPGs. They create wealth by dreaming up new ways to market the same product.

As always, I think slabs look nice and can understand why people would like to collect the different labels etc - just b/c a hobby is about fun. What I don't like is how snake oils salesmen can pass themselves off as being legitimate while the overall impact has ruined the numismatic value that used to be seen in every coin - not just key dates.