Another Silver Eagle Question

JapanJohn

On eBay they are showing "Minted at West Point" and "Minted at San Francisco" (NGC) slabs. Neither have mint marks.

I've got a 2011 "25th Anniversary" with no mint mark.

Questions:

All are bullion coins, correct?

How, pray tell, can you tell where the coin was minted with no mint mark?

Are there any differences between the three non mint mark coins I listed above?

If there are no differences then should we form a posse and hunt down the label makers with pitchforks and torches?

John

57loaded

the slabbed coins that say minted at San Francisco came from that mint and were sent to the TPG in their sealed green monster box and all 500 were graded.

i'm not up to speed on the 25th but it's just a label.

epcjimi1

I think they come from unopened monster boxes submitted by APs that show the mint location?

Cameonut

JapanJohn

I was kind of thinking along those lines....that the green monster had an indication. If there are no varieties between the two mints then I'm sticking with my 25th anniversary bullion coin and then buying a couple sets yet to be released.

I've worked hard to keep my set perfectly up to date. I really love the American Silver Eagle series and to miss something that is easy and cheap to obtain now would really be stupid but I'm not a label chaser and I think there are too many labels for the same coin.

If it doesn't have a mint mark and it is bullion and an expert collector can't hold a raw example and say "this can from San Fran, or this came from West Point" then it's just crazy in my opinion.

John

JapanJohn

okay now I'm really crazy. People are selling W's and S's on ebay Buy It Now for $54.

The current ones being bid on are up in the $80 plus range. Silly to bid at that state.

John

57loaded

gotta get the ROI, John!

i agree it's crazy

19Lyds

John, the Green Monster Boxes from the San Francisco mint are fully identifiable as being from the origin point. As such, as stated earleir, the entire box needs to be submitted to get the "Minted at San Francisco" slab label. This is quite possibly limited to PCGS Authorized Dealers as I seriously doubt that most of the AP's even care. The exception, of course, is APMEX who is in the retail business as much as the wholesale business.

The 25th Anniversary Slabs you're seeing are an option for PCGS Authorized Dealers which was set into motion way before the US Mints announcement on the 25th Anniversary Sets. It may be possible for years other than 2011 to show up in these sets since it amounts to an "offering" very much similar to the 20th Anniversary Silver Eagle Slabs which contained coins from all years up to and including 2005. Look Here

Personally, I like to collect Silver Eagle slab "types" since it adds a little to the collecting of these bullion pieces other than by date. I mean, anybody can assemble a set with enough cash so it's not really a big deal. But assembling something a little different adds a certain margin of fun to the goal.

JapanJohn

After a little consideration I've decided to pick up a West Point and San Fran slabbed coin. The fact they were minted in San Fran is notable however they should have mint marked them. Would have been quite the collectors item and fueled demand better. But in the spirit of being bullion I suppose no mint mark is really required.

I'd sure like to see another coin similar to the 95 W with a super small mintage in a high dollar set. That is the kind of variety I'm looking for.

John

MsMorrisine

<< <i>On eBay they are showing "Minted at West Point" and "Minted at San Francisco" (NGC) slabs. Neither have mint marks.

I've got a 2011 "25th Anniversary" with no mint mark.

Questions:

All are bullion coins, correct?

How, pray tell, can you tell where the coin was minted with no mint mark?

Are there any differences between the three non mint mark coins I listed above?

If there are no differences then should we form a posse and hunt down the label makers with pitchforks and torches?


differences? no

how to tell: shipping labels on green monster boxes tell the mint.

the 25th label is for any bulk submitter making the request this year. (I guess the official 25th anniversary set will have to have different wording)

posse? Well, you'd have to hunt down PCGS, too.


John >>

MsMorrisine

<< <i>After a little consideration I've decided to pick up a West Point and San Fran slabbed coin. The fact they were minted in San Fran is notable however they should have mint marked them. Would have been quite the collectors item and fueled demand better. But in the spirit of being bullion I suppose no mint mark is really required.

I'd sure like to see another coin similar to the 95 W with a super small mintage in a high dollar set. That is the kind of variety I'm looking for. >>




I was in favor of no mint marks.

they are bullion and they would have minted unknown quantities of S mint marked ones. there could have been increased rarity, speculation and hoarding of them. They didn't want to make another 95W mistake. Plus, the real value of these is tied to the silver content not numismatic value. They only cared about cranking out silver bullion, not satisfying some numismatic endeavor and segment of the buying population.




another coin similar to the 95W with a super small mintage:

they don't want to repeat that mistake.


I think this 25th anniversary set will be the closest you will get.

19Lyds

<< <i>

<< <i>After a little consideration I've decided to pick up a West Point and San Fran slabbed coin. The fact they were minted in San Fran is notable however they should have mint marked them. Would have been quite the collectors item and fueled demand better. But in the spirit of being bullion I suppose no mint mark is really required.

I'd sure like to see another coin similar to the 95 W with a super small mintage in a high dollar set. That is the kind of variety I'm looking for. >>




I was in favor of no mint marks.

they are bullion and they would have minted unknown quantities of S mint marked ones. there could have been increased rarity, speculation and hoarding of them. They didn't want to make another 95W mistake. Plus, the real value of these is tied to the silver content not numismatic value. They only cared about cranking out silver bullion, not satisfying some numismatic endeavor and segment of the buying population.




another coin similar to the 95W with a super small mintage:

they don't want to repeat that mistake.


I think this 25th anniversary set will be the closest you will get. >>

IMO, given the economy and the current demand for bullion silver, these are being hoarded anyway. Adding a mint mark would have simply fueled "collector" interest since the bullion hoarders don't really care. Remember 2009 and 2010? 30+ Million were produced for both years. Where did these go if not into hoarders stockpiles?

Yes, a certain amount were submitted for grading with PCGS alone getting 278,416 for 2009 and 95,072 for 2010. Assume NGC, ANACS, ICG, and SGS (ugh) got the same amount which accounts for 1.867 million pieces. That leaves approximately little over 58,1330,000 pieces that have been hoarded.

jmski52

Don't they have a label for the non-mintmarked West Point coins that came from the Millennium Sets? I never understood the Mint's rationale for not putting a mintmark on those, or on the 2011 coins either. Then again, it's not unusual for the Mint to go off on a tangent, oblivious to the nuances of coin collecting.