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Why No Mint Mark?

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Landude's Avatar
United States
223 Posts
 Posted 06/16/2011  8:16 pm Show Profile   Bookmark this topic Add Landude to your friends list Get a Link to this Message Number of Subscribers
So I got an email saying that for the first time since 1992 the San Francisco mint is punching out American Eagles again. I was just curious why there is no mint mark for this particular minting. These are MS grades would proofs get an S?
Just trying to figure it all out.
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biokemist6's Avatar
United States
12437 Posts
 Posted 06/16/2011  8:24 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
San Francisco will only be minting bullion Eagles. They are normally struck at West Point but do not carry the W mintmark. San Francisco is starting up production to supplement the mintage at West Point so none of the bullion Eagles will have a mintmark. As far as I know, proofs will still only be minted at West Point.
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hermanwilliams's Avatar
United States
309 Posts
 Posted 06/16/2011  10:15 pm  Show Profile   Bookmark this reply Add hermanwilliams to your friends list Get a Link to this Reply
So the only way to tell if one comes from the san fran mint is if it is in the TPG slab that says "minted in san francisco"?
What kind of money making rip off is that?
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amida17's Avatar
United States
4897 Posts
 Posted 06/16/2011  10:26 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
I don't think there will be any way to tell if they were minted in SF or WP. Kinda like the billions of Lincolns minted at WP...no way to tell them from the Phillies.
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yotie's Avatar
United States
3077 Posts
 Posted 06/16/2011  10:32 pm  Show Profile   Bookmark this reply Add yotie to your friends list Get a Link to this Reply
lincolns from west point? first I have heard of that
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amida17's Avatar
United States
4897 Posts
 Posted 06/16/2011  10:39 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
West Point minted Lincolns from 1973-1986. no mint mark obviously.
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JackB's Avatar
United States
1064 Posts
 Posted 06/16/2011  10:51 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
Lincolns at WP? WOW, that 's a new one on me. I saw a thread some days ago about an ebay cent described as a W, I thought was a typo. Live and learn, I guess
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biokemist6's Avatar
United States
12437 Posts
 Posted 06/16/2011  11:49 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The only way to know if your Silver Eagles were minted in San Francisco is to purchase an entire monster box(500oz)- the origin info is on the bar code label and the strap seals.
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Conder101's Avatar
United States
17884 Posts
 Posted 06/17/2011  12:47 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
West Point also struck some circulation Bicentennial quarters too.


Quote:
I don't think there will be any way to tell if they were minted in SF or WP.


Quote:
The only way to know if your Silver Eagles were minted in San Francisco is to purchase an entire monster box(500oz)- the origin info is on the bar code label and the strap seals.

And if you bulk submit the unopened monster box NGC will indicate on the holder that they were struck at San Francisco. Yet another cheap marketing trick to get more submissions.

And yes, if they struck proofs they would get an S. They did in the past and I would expect they would again.
Edited by Conder101
06/17/2011 12:50 pm
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amida17's Avatar
United States
4897 Posts
 Posted 06/17/2011  1:15 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Kind of a shame IMO. Don't think I'll be buying into this ploy by the TPG's. Then again I never unstood buying slabbed bullion anyway?!
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Landude's Avatar
United States
223 Posts
 Posted 06/18/2011  9:30 pm  Show Profile   Bookmark this reply Add Landude to your friends list Get a Link to this Reply
I don't think I'm liking very much the relationship the mint has with these
large coin companies..
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perfessor's Avatar
United States
927 Posts
 Posted 06/18/2011  10:36 pm  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
I remember thinking it was stupid years ago when the mint was making pennies at West Point with no mint mark. For some reason (I would love to hear why), the mint decided to not put the 'W' on any coins from West Point made for circulation. I think they said it would cause hoarding of the 'W' coins. I say, so what! I think it would actually INCREASE interest in these coins. Just like the ASE's now. People would want both the 'S' and 'W' mints and they would sell more. But we all know the mint does not think rationally most of the time.
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biggfredd's Avatar
United States
9104 Posts
 Posted 06/18/2011  11:36 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
The W mint was pressed into service to fill shortages. Putting the W on the coins would result in no net gain, since most would be hoarded.

Different scenario on ASE.
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 06/19/2011  12:09 am  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
My understanding was that the 96 dime was the only non precious metal coin minted at West Point.

As for the no mint mark thing. I REALLY dont think there is some behind the scenes collusion between the TPGs and the mint. I can just picture the conversation...

CEO of NGC to head of the mint: Dude, you gotta NOT put a mint mark on those SF ASEs you are going to mint. That way we can make money hand over fist verifying the mint.

Head of mint in response: Dude no problem, we just need a 15% cut.

Oliver Stone anyone?
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biggfredd's Avatar
United States
9104 Posts
 Posted 06/19/2011  08:08 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
My understanding was that the 96 dime was the only non precious metal coin minted at West Point.

Please don't guess, google. It takes much less time than having to have others issue corrections.


Quote:
From 1973 through 1986, the West Point Mint produced Lincoln cents bearing no mint mark, making them indistinguishable from those produced at the Philadelphia Mint. The years 1977 to 1979 saw Bicentennial quarters and Washington quarters produced as well.
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 06/19/2011  10:38 am  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
Excuse me? I wasnt guessing at anything. I simply stated what I thought was the case. Nor was I stating it as a fact requiring your issuing a correction. Its called conversation.
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