Wow!! The Mint Messed Up Big League...

I think it was a response to this:





Key points:

The erroneous information released on March 20, as well as confusion surrounding the Mint's use of internal manufacturing tracking numbers — specifically those connected with American Eagle silver bullion coins — has resulted in a mistaken belief that some of these coins are rarities.

The internal manufacturing tracking numbers on these boxes support the Mint's quality control program and were not intended for the public to rely on to establish which Mint facility produced the silver bullion coins.

Thank you to everyone. Big lesson learned by me as a new collector. May be the end of a short career.

The TPGS are probably waiting to see what the mint says in a couple days and planning out how they're going to respond to the situation. If there are any currently in-house to be slabbed or already slabbed but not shipped I bet they've been pulled

Just doing a google search reveals a good bit. It seems back in 2015 the TPG's actually announced that they will not be encapsulating any 2015 Silver Eagle coins with labels indicating that they were minted in Philadelphia. So what exactly happened between then and now? This was old information that no one seemed to think made a difference (bullion is bullion). Someone got greedy somewhere and now we will just have to see what will come of this.

I also see that some of the bigger dealers have this coin listed as "not in stock" while others are still selling them.

Just one of the articles from 2015
https://www.moderncoinmart.com/info...ia-mint.html

I've said it before and I'll say it again. If you can't tell a difference in the coins by looking at them, then there is no difference. This reminds me of people paying more for a slabbed coin because it's labeled as coming from a particular mint product. If the OGP means that much, then keep it in the OGP.

Now this coins are worth $30, what they should always have been worth. The strap on the monster boxes means it was packaged and quality control at Philly mint not that the coins were minted there. So there's gonna be a lot of monster boxes with the P strap, more than 79000 coins. Will have been funny in a few months collectors be like why are there like 500000 2015 P in the NGC population report, aren't there supoced to be only 79000?. Yes they made 79000 in Philly but those coins got mixed with the ones they got there to be package and quality control from West point,so more than 79000 coins got in to the monster boxes with the P strap.
get the point.

I think dealers and both grading agencies should be on the hook for this.

NOW, in the secondary market, these coins are going to plummet in value, it was very deceiving and anyone who bought these coins out of pocket has a large loss.

I say drag the grading agencies and the dealers into small claims court to at least soften the financial loss. All you would have to do is show you paid out of pocket for these coins, document and present to the court how the dealer and grading agency deceived the collector, show the proof from the mint, and a financial loss resulted to the collector.

After all, this is they the Mint is coming out with this information to insulate themselves from the blow back.

I am certain that in small claims court, while you may not get back the total amount, the damages of this fraudulent and deceiving information, you would get something back.