This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
Where is the "disagree" button?
And who is "Ryder?"
Kidding aside, the certificates mean very little, and even less in a year when people paying the premium realize he is not a celebrity but a government employee.
I hardly ever agree with @jmlanzaf, but I do here. It is most certainly about mintage
So how does the COA work with grading? If you open it and find the “golden ticket” can you still Submit it for grading with the coin or do you have to submit it sealed and hope you where lucky?
My understanding is they will only slab the certs from sealed boxes
This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
Where is the "disagree" button?
And who is "Ryder?"
Kidding aside, the certificates mean very little, and even less in a year when people paying the premium realize he is not a celebrity but a government employee.
I hardly ever agree with @jmlanzaf, but I do here. It is most certainly about mintage
So how does the COA work with grading? If you open it and find the “golden ticket” can you still Submit it for grading with the coin or do you have to submit it sealed and hope you where lucky?
No the box has to be sealed. But then you could SECRETLY OPEN IT and then reseals it. But what if you know you had a signed one, you reseal it and it mysteriously VANISHES WHILE GRADING. You get your coin back you get a 69 with a different COA! Not saying that would happen but I have no clue if I had the Golden Ticket when I sent mine in.
This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
Where is the "disagree" button?
And who is "Ryder?"
Kidding aside, the certificates mean very little, and even less in a year when people paying the premium realize he is not a celebrity but a government employee.
I hardly ever agree with @jmlanzaf, but I do here. It is most certainly about mintage
So how does the COA work with grading? If you open it and find the “golden ticket” can you still Submit it for grading with the coin or do you have to submit it sealed and hope you where lucky?
My understanding is they will only slab the certs from sealed boxes
On thanks I wouldn’t buy one on the bay that’s not certified. I bet there will be a lot of fakes 😮
Apologies to JM, yes opened boxes are a totally different thing, and I did not read the prior context fully. So back to usual, I agree. LOL
These opened in-hand not signed COA boxes are going to drop in value soon from $1,000 to $700 IMO. However the eBay sales with pieces of paper #1-100 signed by Ryder on the certificates, even without the same coin, will still probably sell for way more than the coin itself for quite a while on the Bay.
Even if not sent in sealed to PCGS, there are grading services, corporate companies, that authenticate signatures, and original ink...The certs are $$, just like an autograph, if limited to #100 or less ever found. It doesn't even matter who Ryder is...it is the rarity and low signature signed MINTAGE of only 100...LOL
I'm pretty sure that they recorded the COA numbers that Mr. Ryder actually signed as he was signing them so no one could forge his signature on a plain jane COA. If someone tries to cheat they would only have to cross reference the list and they would be facing a felony charge of fraud if they were found out. I think the mint should forward that list to the TPG's and/or publish the valid list on their website. What do you think?
I am not at all suggesting any one ever do or promote fraud, just that #100 signed paper certificates with one of these coins, regardless of if in the same holder or kept with the same coin, will still sell for a lot more than one without a signed COA.
Some are trying successfully to get extra $$ for their low opened COA number Baltimore actual "line waiting paper number" signed certificates that show low numbers yet the coin's actual COA's are very high numbers. That could be confusing to some and they might pay $$ for a dumb signed "I waited in line paper low number COA", vs the real thing with matching coin COA #00100 or less done and signed by Ryder and verified at the same time through reputable dealers like PCGS.
So — they’re doing First DAY of issue for this coin too? What’s the procedure to get FDI: dealers only with numerous sealed boxes in one submission?
If I’m understanding this correctly, there’s a huge difference between “first day” and “first strike” labels. I find that especially irrational for this issue.
I'm curious too, How do you get the First Day Issue. Are dealers the only one getting the FDI label?
>
Only Dealers can get the FDOI (First Day of Issue) label, that's the only difference!
I have no clue if I had the Golden Ticket when I sent mine in.
>
Don't worry Gluggo, I called them and said if your shared order was submitted and the certificate was signed by Ryder and less than #100 to please send it to me instead, as I moved from Alaska oil country to my secret hiding spot in the Cascade Wilderness. That PO Box and address will self-destruct upon delivery.
The sad truth is that I worry about this kind of stuff actually happening. What did I do wrong? etc. agghhhh
Okay goldminer sounds like a fair deal just dig deep underground. Make sure no one sees you not like the one guy busted in a 20’ underground bunker on someone else’s land recently. Forgot what state but he was out shooting when the law was called in to investigate.
@Gluggo said:
Okay goldminer sounds like a fair deal just dig deep underground.
My first "real" job after high school was 4,500+ feet underground in "Lucky Friday" silver, lead, zinc, hot, hard rock metal mine in Idaho when I was only 18 years old for the summer. Dark is really dark at almost a mile below the ground when you turn your little battery operated light on your hat off.
I am wishing you really good luck on your FedEx submission you sent to PCGS.
This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not only the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
Why does Ryder's autograph add significant value? I don't get that at all??
This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not only the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
Why does Ryder's autograph add significant value? I don't get that at all??
Personally, I wouldn't pay for it. But people do like the autographs for some reason. Look at the signature slabs.
I wouldn't pay for one either but if I got one (submitting my unopened box to our hosts tomorrow) I'd be extremely happy. The hope is to get a proof 70 and a signed coa. Is that too much to ask?
as a side note I made an offer on ebay to have another one to submit. The language in the auction was a little strange so I messaged the seller to see if it was a sealed box. he replied that he was still waiting for it to arrive but when it did he was going to open the box to see if he got the signed coa. I had him decline my offer after that.
I am just amazed that these haven't peaked yet....dealers are adding to their inventory AND raising prices. I definitely expected a pullback on the 69's to around $700-ish by now....which STILL would be great for those $65.95'ers out there
Also I should add that the two above dealers do not mention certs at all on there sale page....so all those slabs I guess will not have a cert number on them....if that's a biggie in the overall scheme of things
It is interesting that the "isolation factor" of many 1995 Ws being stuck in the 5 coin proof set, which IMHO affects the number readily available to the market. I think this is a large factor and would expect the pop reports by even the next couple of months will show the burgeoning numbers of ERPs by comparison.
Love that Milled British (1830-1960) Well, just Love coins, period.
LG: Finally, what is your advice for collectors who are worried about so-called “milk spots” forming in their eagles, especially coins like the 2019-S ERP that cost them big bucks?
EJ: Silver Eagles tend to pick up “milk spots” on their surfaces that don’t come off and can ruin the look of a nice coin if it’s stored in the wrong holder. You don’t want a serious collectible coin you had to pay real money for develop problems that negatively impact its grade in the out years. It is my personal experience over the last 20 years that Silver Eagles stored in original government capsules in a cool, dry place have an extremely low incidence of milk spotting problems. I have also noted a low incidence of milk spots on NGC-slabbed Silver Eagles, but there is no substitute for doing one’s own research when it comes to coinage or conservation.
Hi,
New here....I have always liked and collected coins, but I never focused on buying new ones or getting them graded. I usually just dig them out of the dirt or sand, or get them out of bank rolls. This ERP has me intrigued.
What are some COA numbers that would command a premium in this issue? I have one with a pretty neat even number, that I might try to sell.
My plan is to submit it as unopened to get the COA slabbed, even though I peeked at it. Are all grading companies requiring that the shipping box be unopened? I closed it back up and it looks just like it did when it came. Is that considered wrong in this hobby? I just can't fathom shipping it off not knowing what is inside.
I'll just pick one up at the local pawn shop in a few years. That's where I get all my Silver Eagles. I'll just walk in and pull a Swallowell, that should clear the place out.
@occy said:
Hi,
New here....I have always liked and collected coins, but I never focused on buying new ones or getting them graded. I usually just dig them out of the dirt or sand, or get them out of bank rolls. This ERP has me intrigued.
What are some COA numbers that would command a premium in this issue? I have one with a pretty neat even number, that I might try to sell.
My plan is to submit it as unopened to get the COA slabbed, even though I peeked at it. Are all grading companies requiring that the shipping box be unopened? I closed it back up and it looks just like it did when it came. Is that considered wrong in this hobby? I just can't fathom shipping it off not knowing what is inside.
It would be considered fraud anywhere, including in this hobby.
@occy said:
Hi,
New here....I have always liked and collected coins, but I never focused on buying new ones or getting them graded. I usually just dig them out of the dirt or sand, or get them out of bank rolls. This ERP has me intrigued.
What are some COA numbers that would command a premium in this issue? I have one with a pretty neat even number, that I might try to sell.
My plan is to submit it as unopened to get the COA slabbed, even though I peeked at it. Are all grading companies requiring that the shipping box be unopened? I closed it back up and it looks just like it did when it came. Is that considered wrong in this hobby? I just can't fathom shipping it off not knowing what is inside.
It would be considered fraud anywhere, including in this hobby.
I wonder how many of those selling on ebay have been compromised this same way?
@occy said:
Hi,
New here....I have always liked and collected coins, but I never focused on buying new ones or getting them graded. I usually just dig them out of the dirt or sand, or get them out of bank rolls. This ERP has me intrigued.
What are some COA numbers that would command a premium in this issue? I have one with a pretty neat even number, that I might try to sell.
My plan is to submit it as unopened to get the COA slabbed, even though I peeked at it. Are all grading companies requiring that the shipping box be unopened? I closed it back up and it looks just like it did when it came. Is that considered wrong in this hobby? I just can't fathom shipping it off not knowing what is inside.
It would be considered fraud anywhere, including in this hobby.
I wonder how many of those selling on ebay have been compromised this same way?
The real question is whether PCGS can tell when they get it.
This just shows, by the way, that it isn't "dealers" or "collectors" - it's just some people.
I received 2 sets that I had bought for $600 each. The box on one looked dinged up and could have seemed like it had been opened. I don't know that it was, but it looked it. The other had the tape slit but appeared unopened. I opened both boxes and sold the coins as "opened" even though I got $75 each less for selling them that way. I wasn't taking a chance on my customer being either unhappy or unable to get it slabbed.
I'm not sure I trust anybody on Ebay that's selling "sealed" boxes because they are relatively easy to open without compromising the package if you're careful enough. Someone posted a U-Tube video. The award (temptation) is too high. I'm not buying them unless they are sold at such a low price that if they are rejected at the TPG's for being opened prior to submission that I can still re-sell the open package and not lose money.
@Onedollarnohollar said:
I'm not sure I trust anybody on Ebay that's selling "sealed" boxes because they are relatively easy to open without compromising the package if you're careful enough. Someone posted a U-Tube video. The award (temptation) is too high. I'm not buying them unless they are sold at such a low price that if they are rejected at the TPG's for being opened prior to submission that I can still re-sell the open package and not lose money.
Good luck with that. There's less than $100 difference between opened and sealed at the moment.
But I think you are right about people resealing the boxes. Especially with this issue which seems to have attracted a record number of conscienceless individuals.
I understand it is wrong to sell a box as unopened, when in fact is was. That's obvious to anyone.
My questions were related to getting it graded and the COA slabbed. Why would the grader care if the brown shipping box was opened to slab the COA? Are all graders requiring this? I understand this is new. And, are they in fact requiring the brown shipping box to be unopened or just the coin and/or blue box?
Like others have mentioned, shipping it off totally unopened or even selling it that way is just opening myself up to possible fraud. I have been scammed on ebay and when selling gold.
"Why would the grader care if the brown shipping box was opened to slab the COA? Are all graders requiring this?"
yes, all grading companies are doing this. why? because potentially a compromised box will have an unscrupulous person forge the mint director's signature on their COA. unless the mint forwarded a list of legitimate corresponding COA numbers that were recorded at the time of his signing, there is no way to protect consumers (TPG customers and buyers) from fraud.
I've had orders from the Mint in the past where boxes opened so easily, practically on their own. The glue on the boxes aren't even close to being as good as the USPS boxes. Why is it so hard for the Mint's fulfillment center to put tape on EVERY box? One of my boxes is the larger size and has no tape and some I've seen on eBay DO and don't as well. I'm hoping the rest that show up all have tape. The last thing I want is PCGS calling me saying they suspect the package had been opened and are not slabbing the coa, especially if it was signed.
@SONOMOSCA said:
I've had orders from the Mint in the past where boxes opened so easily, practically on their own. The glue on the boxes aren't even close to being as good as the USPS boxes. Why is it so hard for the Mint's fulfillment center to put tape on EVERY box? One of my boxes is the larger size and has no tape and some I've seen on eBay DO and don't as well. I'm hoping the rest that show up all have tape. The last thing I want is PCGS calling me saying they suspect the package had been opened and are not slabbing the coa, especially if it was signed.
One of my boxes has two thinner pieces of tape.. the rest have had one wide piece. Very odd. Appears to still be sealed, as the cardboard is still perfect and it still feels "stuck". Not sure if my buyer accidentally opened or if it came from the mint like that.
@Onedollarnohollar said:
"Why would the grader care if the brown shipping box was opened to slab the COA? Are all graders requiring this?"
yes, all grading companies are doing this. why? because potentially a compromised box will have an unscrupulous person forge the mint director's signature on their COA. unless the mint forwarded a list of legitimate corresponding COA numbers that were recorded at the time of his signing, there is no way to protect consumers (TPG customers and buyers) from fraud.
The first 100 COAs are signed, so I don't think that is the reason, exactly. I think it is the only way they know THAT coin goes with THAT COA. So you cannot take a perfect coin to go with a nice COA, etc.
My son received his coin from the Mint a couple of days ago. The box was sealed, but the tape on one side looked cut. Now he had planned all along to open the box (which he did- beautiful coin), but it made me wonder how PCGS would handle it if he had wanted it graded. From reading some posts, it sounds like the Mint boxed and taped these shipments in a few different ways and in the end, the grading services may simply have to trust that people are doing the right thing. I assume that the vast majority of people are being honest about it.
the coa's are not signed in sequential order 00001- 00100... to my understanding... they were signed at random, anywhere from 00001 - 30000. that's why we all have a chance at getting one.
One of my boxes has two thinner pieces of tape.. the rest have had one wide piece. Very odd. Appears to still be sealed, as the cardboard is still perfect and it still feels "stuck". Not sure if my buyer accidentally opened or if it came from the mint like that.
@Onedollarnohollar said:
"Why would the grader care if the brown shipping box was opened to slab the COA? Are all graders requiring this?"
yes, all grading companies are doing this. why? because potentially a compromised box will have an unscrupulous person forge the mint director's signature on their COA. unless the mint forwarded a list of legitimate corresponding COA numbers that were recorded at the time of his signing, there is no way to protect consumers (TPG customers and buyers) from fraud.
I thought only coins # 1-100 were signed so that would be easy.
@occy said:
Hi,
New here....I have always liked and collected coins, but I never focused on buying new ones or getting them graded. I usually just dig them out of the dirt or sand, or get them out of bank rolls. This ERP has me intrigued.
What are some COA numbers that would command a premium in this issue? I have one with a pretty neat even number, that I might try to sell.
My plan is to submit it as unopened to get the COA slabbed, even though I peeked at it. Are all grading companies requiring that the shipping box be unopened? I closed it back up and it looks just like it did when it came. Is that considered wrong in this hobby? I just can't fathom shipping it off not knowing what is inside.
It would be considered fraud anywhere, including in this hobby.
I wonder how many of those selling on ebay have been compromised this same way?
The real question is whether PCGS can tell when they get it.
This just shows, by the way, that it isn't "dealers" or "collectors" - it's just some people.
I received 2 sets that I had bought for $600 each. The box on one looked dinged up and could have seemed like it had been opened. I don't know that it was, but it looked it. The other had the tape slit but appeared unopened. I opened both boxes and sold the coins as "opened" even though I got $75 each less for selling them that way. I wasn't taking a chance on my customer being either unhappy or unable to get it slabbed.
You either have a moral compass or you don't.
Like your compass which told you that buying more than one for your household was ok?
selling as still sealed from the mint. they must have had some extra tape when that coin got boxed
"Those came from Baltimore though. So would probably be easy to prove."
I'm sure I've seen a couple that were numbered by the director (the baltimore ones weren't hand numbered on the coa 1-100 only the boxed and shipped ones) so if they have a hand written number on the coa they were boxed. again the coa numbers are not sequential with the hand written numbered signature on the card.
This is like an ongoing event...will I get a coin? Yesssss. I got the coin....ummmm...will I get a signed low number cert? No clue..I GOT the coin but I can't open it and have to wait.....and wait....for grading etc......definitely getting my $65.95 worth (plus grading of course)
Actually kinda cool.....could be a self generated Xmas present
I love these cranky newbies that come in and get caught with their low ethics, seeking advice and then fail to take responsibility. It makes this thread even more fun!
Congratulations, eagle eye!
Comments
Yeah saw one for 22k idk if it will sell but maybe it will. Saw one for 15k that sold recently I think that was just a regular one that was graded
My understanding is they will only slab the certs from sealed boxes
No the box has to be sealed. But then you could SECRETLY OPEN IT and then reseals it. But what if you know you had a signed one, you reseal it and it mysteriously VANISHES WHILE GRADING. You get your coin back you get a 69 with a different COA! Not saying that would happen but I have no clue if I had the Golden Ticket when I sent mine in.
On thanks I wouldn’t buy one on the bay that’s not certified. I bet there will be a lot of fakes 😮
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923
Apologies to JM, yes opened boxes are a totally different thing, and I did not read the prior context fully. So back to usual, I agree. LOL
These opened in-hand not signed COA boxes are going to drop in value soon from $1,000 to $700 IMO. However the eBay sales with pieces of paper #1-100 signed by Ryder on the certificates, even without the same coin, will still probably sell for way more than the coin itself for quite a while on the Bay.
Even if not sent in sealed to PCGS, there are grading services, corporate companies, that authenticate signatures, and original ink...The certs are $$, just like an autograph, if limited to #100 or less ever found. It doesn't even matter who Ryder is...it is the rarity and low signature signed MINTAGE of only 100...LOL
My US Mint Commemorative Medal Set
I'm pretty sure that they recorded the COA numbers that Mr. Ryder actually signed as he was signing them so no one could forge his signature on a plain jane COA. If someone tries to cheat they would only have to cross reference the list and they would be facing a felony charge of fraud if they were found out. I think the mint should forward that list to the TPG's and/or publish the valid list on their website. What do you think?
I am not at all suggesting any one ever do or promote fraud, just that #100 signed paper certificates with one of these coins, regardless of if in the same holder or kept with the same coin, will still sell for a lot more than one without a signed COA.
Some are trying successfully to get extra $$ for their low opened COA number Baltimore actual "line waiting paper number" signed certificates that show low numbers yet the coin's actual COA's are very high numbers. That could be confusing to some and they might pay $$ for a dumb signed "I waited in line paper low number COA", vs the real thing with matching coin COA #00100 or less done and signed by Ryder and verified at the same time through reputable dealers like PCGS.
Caveat emptor
My US Mint Commemorative Medal Set
>
Only Dealers can get the FDOI (First Day of Issue) label, that's the only difference!
I have no clue if I had the Golden Ticket when I sent mine in.
>
Don't worry Gluggo, I called them and said if your shared order was submitted and the certificate was signed by Ryder and less than #100 to please send it to me instead, as I moved from Alaska oil country to my secret hiding spot in the Cascade Wilderness. That PO Box and address will self-destruct upon delivery.
The sad truth is that I worry about this kind of stuff actually happening. What did I do wrong? etc. agghhhh
My US Mint Commemorative Medal Set
Okay goldminer sounds like a fair deal just dig deep underground. Make sure no one sees you not like the one guy busted in a 20’ underground bunker on someone else’s land recently. Forgot what state but he was out shooting when the law was called in to investigate.
My first "real" job after high school was 4,500+ feet underground in "Lucky Friday" silver, lead, zinc, hot, hard rock metal mine in Idaho when I was only 18 years old for the summer. Dark is really dark at almost a mile below the ground when you turn your little battery operated light on your hat off.
I am wishing you really good luck on your FedEx submission you sent to PCGS.
Cheers!
My US Mint Commemorative Medal Set
Why does Ryder's autograph add significant value? I don't get that at all??
Personally, I wouldn't pay for it. But people do like the autographs for some reason. Look at the signature slabs.
I wouldn't pay for one either but if I got one (submitting my unopened box to our hosts tomorrow) I'd be extremely happy. The hope is to get a proof 70 and a signed coa. Is that too much to ask?
as a side note I made an offer on ebay to have another one to submit. The language in the auction was a little strange so I messaged the seller to see if it was a sealed box. he replied that he was still waiting for it to arrive but when it did he was going to open the box to see if he got the signed coa. I had him decline my offer after that.
Keeping up with the MCM and Pinehurst sales, prices and inventory:
MCM raised there price to $1199 for the NGC 69's ..since this am (only 5 in stock) they added 32 69's and 9 raw
Pinehurst also raised there price for PCGS/NGC 69's to $1164 from around $970
Inventory of the 69's has decreased by 43 and they added 22 raw.
Prices for the 70's stays the same ($4364 FDI/$2228) and the inventory increased to 39 FDI and 37 from 28 and zero
@BigA Mahalo
I am just amazed that these haven't peaked yet....dealers are adding to their inventory AND raising prices. I definitely expected a pullback on the 69's to around $700-ish by now....which STILL would be great for those $65.95'ers out there
Also I should add that the two above dealers do not mention certs at all on there sale page....so all those slabs I guess will not have a cert number on them....if that's a biggie in the overall scheme of things
Excellent Mint News Blog article by Eric Jordan on the future of the 2019 S ERP..
https://mintnewsblog.com/key-date-coins-the-2019-s-enhanced-reverse-proof-and-the-future-of-american-silver-eagles-an-interview-with-eric-jordan/
2 in hand bought from the mint will stay sealed.
Box of 20
It is interesting that the "isolation factor" of many 1995 Ws being stuck in the 5 coin proof set, which IMHO affects the number readily available to the market. I think this is a large factor and would expect the pop reports by even the next couple of months will show the burgeoning numbers of ERPs by comparison.
Well, just Love coins, period.
From Eric:
LG: Finally, what is your advice for collectors who are worried about so-called “milk spots” forming in their eagles, especially coins like the 2019-S ERP that cost them big bucks?
EJ: Silver Eagles tend to pick up “milk spots” on their surfaces that don’t come off and can ruin the look of a nice coin if it’s stored in the wrong holder. You don’t want a serious collectible coin you had to pay real money for develop problems that negatively impact its grade in the out years. It is my personal experience over the last 20 years that Silver Eagles stored in original government capsules in a cool, dry place have an extremely low incidence of milk spotting problems. I have also noted a low incidence of milk spots on NGC-slabbed Silver Eagles, but there is no substitute for doing one’s own research when it comes to coinage or conservation.
Nothing today
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923
Hi,
New here....I have always liked and collected coins, but I never focused on buying new ones or getting them graded. I usually just dig them out of the dirt or sand, or get them out of bank rolls. This ERP has me intrigued.
What are some COA numbers that would command a premium in this issue? I have one with a pretty neat even number, that I might try to sell.
My plan is to submit it as unopened to get the COA slabbed, even though I peeked at it. Are all grading companies requiring that the shipping box be unopened? I closed it back up and it looks just like it did when it came. Is that considered wrong in this hobby? I just can't fathom shipping it off not knowing what is inside.
Welcome to the CU forums @occy.
They’ll probably let you know if they suspect it’s been opened. It’s an integrity thing.
I'll just pick one up at the local pawn shop in a few years. That's where I get all my Silver Eagles. I'll just walk in and pull a Swallowell, that should clear the place out.
It would be considered fraud anywhere, including in this hobby.
I wonder how many of those selling on ebay have been compromised this same way?
Hopefully, none.
Realistically and especially when $ is involved...
The real question is whether PCGS can tell when they get it.
This just shows, by the way, that it isn't "dealers" or "collectors" - it's just some people.
I received 2 sets that I had bought for $600 each. The box on one looked dinged up and could have seemed like it had been opened. I don't know that it was, but it looked it. The other had the tape slit but appeared unopened. I opened both boxes and sold the coins as "opened" even though I got $75 each less for selling them that way. I wasn't taking a chance on my customer being either unhappy or unable to get it slabbed.
You either have a moral compass or you don't.
I'm not sure I trust anybody on Ebay that's selling "sealed" boxes because they are relatively easy to open without compromising the package if you're careful enough. Someone posted a U-Tube video. The award (temptation) is too high. I'm not buying them unless they are sold at such a low price that if they are rejected at the TPG's for being opened prior to submission that I can still re-sell the open package and not lose money.
Good luck with that. There's less than $100 difference between opened and sealed at the moment.
But I think you are right about people resealing the boxes. Especially with this issue which seems to have attracted a record number of conscienceless individuals.
I understand it is wrong to sell a box as unopened, when in fact is was. That's obvious to anyone.
My questions were related to getting it graded and the COA slabbed. Why would the grader care if the brown shipping box was opened to slab the COA? Are all graders requiring this? I understand this is new. And, are they in fact requiring the brown shipping box to be unopened or just the coin and/or blue box?
Like others have mentioned, shipping it off totally unopened or even selling it that way is just opening myself up to possible fraud. I have been scammed on ebay and when selling gold.
"Why would the grader care if the brown shipping box was opened to slab the COA? Are all graders requiring this?"
yes, all grading companies are doing this. why? because potentially a compromised box will have an unscrupulous person forge the mint director's signature on their COA. unless the mint forwarded a list of legitimate corresponding COA numbers that were recorded at the time of his signing, there is no way to protect consumers (TPG customers and buyers) from fraud.
I've had orders from the Mint in the past where boxes opened so easily, practically on their own. The glue on the boxes aren't even close to being as good as the USPS boxes. Why is it so hard for the Mint's fulfillment center to put tape on EVERY box? One of my boxes is the larger size and has no tape and some I've seen on eBay DO and don't as well. I'm hoping the rest that show up all have tape. The last thing I want is PCGS calling me saying they suspect the package had been opened and are not slabbing the coa, especially if it was signed.
One of my boxes has two thinner pieces of tape.. the rest have had one wide piece. Very odd. Appears to still be sealed, as the cardboard is still perfect and it still feels "stuck". Not sure if my buyer accidentally opened or if it came from the mint like that.
The first 100 COAs are signed, so I don't think that is the reason, exactly. I think it is the only way they know THAT coin goes with THAT COA. So you cannot take a perfect coin to go with a nice COA, etc.
My son received his coin from the Mint a couple of days ago. The box was sealed, but the tape on one side looked cut. Now he had planned all along to open the box (which he did- beautiful coin), but it made me wonder how PCGS would handle it if he had wanted it graded. From reading some posts, it sounds like the Mint boxed and taped these shipments in a few different ways and in the end, the grading services may simply have to trust that people are doing the right thing. I assume that the vast majority of people are being honest about it.
the coa's are not signed in sequential order 00001- 00100... to my understanding... they were signed at random, anywhere from 00001 - 30000. that's why we all have a chance at getting one.
I would be a little worried about the one with two pieces of tape if submitting, the wide tape seems to be the norm from what I've seen.
The one I received with no tape I actually put it on its side with a book on top just to be safe. I know, my wife thought I was crazy too! Lol
I thought only coins # 1-100 were signed so that would be easy.
Like your compass which told you that buying more than one for your household was ok?
we've already seen signed coa's with different (higher) numbers on different threads.
Those came from Baltimore though. So would probably be easy to prove.
https://www.ebay.com/itm/2019-S-American-Eagle-One-Ounce-Silver-Enhanced-Reverse-Proof-Coin-SEALED/383287838776?hash=item593dbc4838:g:gQsAAOSwaZdd3End&LH_BIN=1
selling as still sealed from the mint. they must have had some extra tape when that coin got boxed
"Those came from Baltimore though. So would probably be easy to prove."
I'm sure I've seen a couple that were numbered by the director (the baltimore ones weren't hand numbered on the coa 1-100 only the boxed and shipped ones) so if they have a hand written number on the coa they were boxed. again the coa numbers are not sequential with the hand written numbered signature on the card.
So I just bought one over the counter. It was sealed, but after I bought it the former owner just had to know, so I open it up.
Oooohhh, I bet that hurt! Did you give him a bonus at least?? Lucky!
Nice catch....
Wow! mine is at PCGS getting graded (just got there today) don't know what's hidden inside yet, but would like to see this happen!
This is like an ongoing event...will I get a coin? Yesssss. I got the coin....ummmm...will I get a signed low number cert? No clue..I GOT the coin but I can't open it and have to wait.....and wait....for grading etc......definitely getting my $65.95 worth (plus grading of course)
Actually kinda cool.....could be a self generated Xmas present
I love these cranky newbies that come in and get caught with their low ethics, seeking advice and then fail to take responsibility. It makes this thread even more fun!
Congratulations, eagle eye!