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 Replies: 19 / Views: 4,533 |
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Press Manager
 United States
1420 Posts |
PCGS - Acting upon the original documents provided to Coin World in response to a Freedom of Information Act (FOIA) request, Professional Coin Grading Service is pleased to announce that it will attribute certain 2014 through 2017 American Silver Eagles with a "mint mark" indicating where the coin was struck. Officially, American Silver Eagles during this period were minted at the West Point Mint, and in fact, most American Silver Eagles were in fact struck at that branch. However, due to high demand, the U.S. Mint used the facilities in San Francisco and Philadelphia to augment the production of the West Point Mint. Until now, the information about how many American Silver Eagles were made in each of the other branches has not been released to the public. Instead, the Mint's figures officially reflected the total mintage, and listed those mintages as having been produced at West Point. However, the FOIA documents reveal a method of identifying where a given box of Silver Eagles was minted. Following this method, PCGS will attribute coins from such boxes as having been produced at the branch mint at which it was made. For example, a Silver Eagle minted in Philadelphia in 2015 would be attributed "2015-(P)". The mintage figures, and how to identify them, are set forth in the tables below.  Owners of Mint-sealed boxes of American Silver Eagles from 2014 to 2017 can find the box number, which is written in black marker, and determine the specific branch mint.
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Moderator
United States
188770 Posts |
ASE collecting just got a little bit more interesting. 
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Pillar of the Community
United States
2023 Posts |
It seems weird to me that PCGS would do this based on the packaging. I've seen OGP-only listings on ebay (i.e. no coin, just the box and paperwork), so it seems easy to get a mint-assigned attribution for any loose ASE someone might have on hand. Does the packaging PCGS is referring to specifically "unopened" somehow? I don't have any ASEs so I don't know how they're packaged or where these numbers or "red banding" are found. |
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Bedrock of the Community
United States
12437 Posts |
Quote:
Does the packaging PCGS is referring to specifically "unopened" somehow? They will only be attributing ASEs from sealed monster boxes. It appears that the 2015(P) has significant potential with a mintage of less than 80,000, I cannot imagine that more than a few dozen of the less than 160 monster boxes are still intact. |
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Pillar of the Community
United States
1255 Posts |
It would seem to me that to be able to grade these coins they would have to be in unopened green box with the identification number. How many people out do you think still have the green boxes unopened from previous years? If somebody does, there is money to be made by grading.
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Pillar of the Community
United States
2023 Posts |
Thanks for the replies. There will be a number of 2017s and probably some 2016s that qualify, but to still have some unopened before that seems unlikely. Low pop for those early labels, but we're supposed to buy the coin and not the holder, right?
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Pillar of the Community
United States
7390 Posts |
There are many unopened 2015 and just about every other year. Many investors buy and hold boxes and never open them.
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Pillar of the Community
United States
1255 Posts |
If someone has a 2015 P unopened box, their stock just went up.
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Pillar of the Community
United States
4901 Posts |
Maybe I am missing the point here but NGC has been doing this for some time...and these graded and attributed ASE's sell for very little premium. SO what has changed except the fact that PCGS was late in getting on board. |
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Pillar of the Community
United States
1255 Posts |
So are you saying that NGC has certified 2015 ASEs from Philly? If so, I need one. 2014 was the last time I have seen a SF bullion coin from PCGS. According to the numbers on the chart there were none in 2015. I did not see any from SF in 2016 or 2017 thus far. I have never seen a bullion ASE graded from Philly by PCGS. I haven't seen one from NGC either. So I would think that 2015 P with a 79 K mintage will be the new second lowest mintage of ASEs after the LESPS for 2017 comes out and makes the 2017 S the 4th lowest, unless you count the 07/08 reverse ASE, then the 2017 S would be fifth. That is assuming if the mint stays with a mintage limit of 50 K for the LESPS. Plus ASE collectors will need to have one of each of the Philly ASEs and the 2016 and 2017 bullion from SF to keep their collections current. |
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Pillar of the Community
United States
7390 Posts |
I disagree. This is a quirk. Somewhere in between marketing hype and a standalone issue. I don't think the majority of collectors will see it in the context of needing them to keep sets current
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Pillar of the Community
United States
7390 Posts |
Fox, the only change is that they've only done it when they could tell by the strap on the sealed monster box which were all made the same in 2014/2015 so they couldn't tell. Now they have box codes is all. The 2015p might enjoy a frenzy premium at first but time should kill it or maybe a small premium at best. no mint mark differential is a big who cares. Although one interesting point is that I bet all 2015 phillys were probably struck from one or maybe two die pairs at best so in time I'm betting 2015p will be able to be confirmed without being in a sealed box which might also keep a slight premium for them alive. |
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Pillar of the Community
United States
1255 Posts |
I guess I should have phrased it that some ASE collectors would want to have one of each of them. I like collecting all of them. I understand some people don't like to consider these coins as anything different than bullion from WP. No argument here, to each their own when it comes to collecting. Buy them if you like them. |
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Bedrock of the Community
United States
10038 Posts |
Another way for PCGS to get people to submit more coins.
At least people who like slabs will have something else to collect.
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Pillar of the Community
United States
2815 Posts |
While it's kind of interesting, I agree with Cascade on the " no mint mark differential." Sure, some will be interested in getting a slabbed Philly, but overall I think this will interest only a select few. |
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Pillar of the Community
United States
1913 Posts |
Quote:
I disagree. This is a quirk. Somewhere in between marketing hype and a standalone issue. I don't think the majority of collectors will see it in the context of needing them to keep sets current I agree. It's pretty simple for me. If I can't tell the difference between two coins by looking at them, then they're identical. I'm glad that I have all my ASE's in air-tites and OGP. This slab special labeling stuff would drive me nuts. |
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Replies: 19 / Views: 4,533 |
Posted 04/06/2017 12:15 pm
