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

Like trump says "its fake news". I dont think PCGS will explain stuff to you if you call them, they will probably just hung up on you, Get real. They're just employes they dont know lol. Like I said before, thats it matter were it was minted? Label collectors just want the label to say it. So collectors will continue buying them for the label even if it gets void later. As long as you have it in your hand nobody cant take it back right. The labels are already out and ocd label collectors want them even if tpgs want them back to fix the erronous label. PCGS will say like "the label is not right, its void". Ocd label collector response "its ok I still want it" PCGS "why" collector " I dont know". Lol. This is where we are with this, sad. So this news doesn't change anything even if tpgs say it out right "stop buying this slabs, we got it wrong" this collectors will probably want them more. Like you have "error coins" that sell for a premium maybe in the future this will be the first "error slab labels" lol. I think this might be the reason they are still buying them.

alvaro77 I agree with you in many respects. Getting to the right person who knows something is a chore. I agree even with the news that the labels are incorrect people will still want them. But, I don't think they will bring the prices that they originally sold for. Woe to the buyers of the MS70's buyers.................what a financial hole these coins put them in, they'll never see daylight on them. I have noticed though the number of them for sale on ebay has dwindled and a couple of the large, reputable internet dealers have pulled them. One large Coin House is still selling them with all the original hype description................I will never buy from them again.

It should be noted that those who originally bought these did so on the information that was currently available to them and, even though I am not into slabbed bullion, I can see where there would be a perceived value.

Now, with that said, ANYONE who buys one NOW after doing the up to date pre-purchase research is on their own. Sellers who still use the same hype to sell these should be remembered and put on a do-not-buy-from list

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.