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 Replies: 10 / Views: 1,319 |
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Valued Member
United States
152 Posts |
Who mints American Silver Eagles?
I know west point does, I was wondering if any other mint did.
I was also wondering if there is a significant price difference between a west point mint or any other mint.
Thanks
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Bedrock of the Community
United States
12437 Posts |
All Silver Eagles are currently minted at West Point with the first being in 1995. From 1986 to 1999, the bullion Eagles were minted in Philly. From 2000 to present, the bullion Eagles are minted at West Point without a mint mark. Proof Eagles were minted in San Fran from 1986 to 1992, at Philly from 1993 to 1999, and at West Point from 2000 to present. The exception was 1995 when both a Philly proof(regular issue for that year) and a West Point proof were issued. The first coin to carry the West Point mint mark, the 1995W was included in the 10th Anniversary Eagle set with the four gold sizes. It has a minuscule by modern standards mintage of 30,125 and is by far the key date of the Silver Eagle series with a value of $4,000. 2006 debuted two new types of finishes for the Silver Eagle- the Reverse Proof and the Burnished version in the 20th Anniversary set, this time with a gold only, silver only, and one ounce of each sets. The RP was minted at Philly and the Burnished Eagles are minted at West Point with a mint mark. |
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Valued Member
 United States
152 Posts |
So how many of these Silver eagles carry the "W" mint mark?
just that one year? or do they still have the mint mark to this date?
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Bedrock of the Community
United States
12437 Posts |
I forgot to add: The RP was a one-off issue while the Burnished Eagles continue to be minted, complete with W mint mark. The only W Eagles without a mint mark are the bullion issues. |
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Valued Member
United States
164 Posts |
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Bedrock of the Community
United States
14454 Posts |
they are all Bullion Coins but there is a Proof version for collectors and a straight bullion coin that sells for a little over spot price at most stores
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Bedrock of the Community
United States
12437 Posts |
Quote:aren't all ASE's bullion The only Eagles considered to be bullion are the unmintmarked coins that sell for a bit over spot- these are investment grade coins and are actually allowed to be purchased as part of an IRA plan. The other versions are worth significantly more than spot and are not allowed in tax sheltered savings plans. |
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Valued Member
United States
152 Posts |
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Valued Member
United States
164 Posts |
I understand that as time goes by, certain ASE's may increase in value and thus are worth more than spot. But at the time of issue, aren't they all bullion coins. They are not, as I understand the term coin, the same as coins issued for circulation. They have a nominal value on the coin itself, but no one would mistake a silver ASE for a dollar coin even though it says One Dollar on the coin. The value is determined by the current value of silver on the open market. What am I missing here? |
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Bedrock of the Community
United States
14454 Posts |
well, they are in fact a coin because anything that can be spent at face value (any round piece of metal struck by the US Mint that has a face value such as the ASE that has a $1.00 face value) is considered a coin. No matter how stupid it is to spend something worth more than face value for face value it is done more than you think, so these are definately legal tender and can be spent for face value and thus are a coin. If I am not mistaken there was one thread started here on this forum where a customer (a little kid or something I believe) came in and asked if he could spend a ASE for the face value and they took it for a dollar. |
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Pillar of the Community
United States
6326 Posts |
What Bryan says is true ! I know someone who works at a liquor store, and on more than one occasion, somebody has come in there with Silver Eagles, Morgans, Peace, Mercury dimes, and many other silver denominations, TO PAY FOR ALCOHOL !....  ....  .....so they are accepted as "Legal Tender" ! By the way, he makes sure the customer knows what he has and informs them of what they're probably worth before he accepts them !....... Even if they're stolen, I don't know why they don't go to a pawn shop first before hitting the liquor store........  Edited by eaglefoot
08/27/2008 9:44 pm
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Replies: 10 / Views: 1,319 |
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Posted 08/25/2008 10:20 pm
