[POLL] ASE Bullion Shipped From San Francisco -- Is It Worthy Of a Special Label From PCGS? Would Y

MsMorrisine · May 27, 2011 12:54PM

San Francisco Mint Silver Eagle Bullion Coins To Be Released

So would you pay for a special "Minted in San Fran" ASE labelled coin as a separate "collectible" from a "Minted in West Point" labelled ASE??

bestmr · May 27, 2011 1:00PM

Maybe. Depends on the price and if I need to have one in my ASE album.

messydesk · May 27, 2011 1:13PM

In the spirit of Norwegian aquavit, I want a special label on ASEs that have crossed the equator twice.

PinkFloyd · May 27, 2011 1:18PM

Yes, but not at a high premium. It's ridiculous that these aren't going to feature the "S" mintmark. Ultimately, ASE collectors will want to try to differentiate the two, IMO.

MsMorrisine · May 27, 2011 1:31PM

<< Yes, but not at a high premium. It's ridiculous that these aren't going to feature the "S" mintmark. Ultimately, ASE collectors will want to try to differentiate the two, IMO. >>

but they will be indistinguishable unless submitted still sealed in the mint box with a label acknowledging the mint.

barring a special bulk submission label, they will be indistinguishable.

Since they have no mint mark, does it matter?

19Lyds · May 27, 2011 2:05PM

Such a Label might only be available to Authorized PCGS Dealers.

Plus, in references to your comment:

"but they will be indistinguishable unless submitted still sealed in the mint box with a label acknowledging the mint."

what leads you to believe these would have any designation at all inor on the shipping containers or better yet, green monster boxes?

MsMorrisine · May 27, 2011 2:27PM

from the article:

American Silver Eagles are packaged in sealed plastic boxes containing 500 coins. In the past, the identification stickers and strapping have indicated “West Point Mint”. Furthermore, the US Mint previously mentioned the possibility that authorized purchasers would be able to pick up Silver Eagles directly from the San Francisco Mint facility.

Also, if any shipping labels are placed on the box, the origins could be traced.

PinkFloyd · May 27, 2011 3:12PM

<< from the article:

American Silver Eagles are packaged in sealed plastic boxes containing 500 coins. In the past, the identification stickers and strapping have indicated “West Point Mint”. Furthermore, the US Mint previously mentioned the possibility that authorized purchasers would be able to pick up Silver Eagles directly from the San Francisco Mint facility.

Also, if any shipping labels are placed on the box, the origins could be traced. >>

If the origin can be traced (ie, ID stickers) and PCGS honors it and makes a label, that to me is a de facto "S" mintmark. I can imagine this will probably be available to APs or dealers who can get boxes of 500.

I'd certainly be interested in buying a "S" slabbed 2011 ASE. I won't pay ridiculous amounts, but to me it's interesting.

johnperk747 · May 27, 2011 3:47PM

So, some one would have to get a "green box" of ASE from S Mint,
take it down to PCGS to open it in there presence and then give them a min. of 5 rolls (100 coins)
to get a "bulk rate" (& maybe FS too

sounds like MONEY to me!!

I'm in, let me know when you get your GREEN BOX

Blessings

John

notwilight · May 27, 2011 10:16PM

kindo strange that these don't have a mintmark.

Are there any other examples of coins minted at multiple mints without distinguishing mintmarks?

--jerry

notwilight · May 27, 2011 10:18PM

<< So, some one would have to get a "green box" of ASE from S Mint,
take it down to PCGS to open it in there presence and then give them a min. of 5 rolls (100 coins)
to get a "bulk rate" (& maybe FS too

sounds like MONEY to me!!

I'm in, let me know when you get your GREEN BOX

Blessings

John >>

PCGS will probably require you submit the full box. --Jerry

pf70collector · May 27, 2011 10:38PM

No I would not buy one. In this case you are truely buying the label over the coin. Unless it has a mint mark, no way.

BigE · May 27, 2011 10:48PM

Who makes the planchets for these?-----------BigE

SCDHunter · May 28, 2011 12:24AM

<< kindo strange that these don't have a mintmark.

Are there any other examples of coins minted at multiple mints without distinguishing mintmarks?

--jerry >>

The ASEs that came with 2000 Millennium Coin and Currency set were struck at the West Point Mint. As far as I know, they do not bring much of a premium.

mixman · May 28, 2011 12:28AM

<< kindo strange that these don't have a mintmark.

Are there any other examples of coins minted at multiple mints without distinguishing mintmarks?

--jerry >>

In the early 80's the San Francisco mint produced some no mint mark pennies in an effort to keep up with demand. They are indistinguishable from the Philly ones produced those same years.

TwistedArrow · May 28, 2011 12:36AM

Bullion coins do not have mint marks. The only exception to this is the 1999-w $5 and $10 error coins with the "w" mint mark.

UNLVino · May 28, 2011 1:14AM

If there were a mint mark, or some other way to identify on the coin, yes. If the only way to identify is from slab, no thanks.

19Lyds · May 28, 2011 4:05AM

<< from the article:

American Silver Eagles are packaged in sealed plastic boxes containing 500 coins. In the past, the identification stickers and strapping have indicated “West Point Mint”. Furthermore, the US Mint previously mentioned the possibility that authorized purchasers would be able to pick up Silver Eagles directly from the San Francisco Mint facility.

Also, if any shipping labels are placed on the box, the origins could be traced. >>

Interesting.

I can't see where any actual "value" would be added unless folks want to fall into the hype trap but then who knows what'll get the wave of hysterical coin buying going?

Would I buy one? No.

ricko · May 28, 2011 4:28AM

Zero uniqueness...zero premium.... If there were a 'S' mintmark, perhaps.. lacking that, not interested. Cheers, RickO

MsMorrisine · May 28, 2011 5:12AM

<< kindo strange that these don't have a mintmark.

Are there any other examples of coins minted at multiple mints without distinguishing mintmarks? >>

I think the idea was to keep bullion collectors from being forced to buy 2 different coins: one with an S mintmark and the other with a W mint mark. This might be problematic in the years where very much fewer are minted in one place over another. Now, it is just a matter of if you wish to recognize any special label that is created. Afterall, it is just a bullion coin meant for silver value.

jmski52 · May 28, 2011 5:21AM

I vote no.

Bochiman · May 28, 2011 5:22AM

Regrettably, this will likely happen.
If it can be identified, and graded as such, it will happen.
The Milennium sets are an example. You can't tell the SAEs apart but if they are sent in in the original holder, they have gotten the distinction on the label and there was a premium.

tresgatos · May 28, 2011 6:50AM

Shoot, I'm within walking distance from the mint. Maybe I'll bring my hand truck over there and load up. After slabbing I'll put little green stickers on them with an "S" and it's off to eBay I go.

messydesk · May 28, 2011 8:20AM

<< Are there any other examples of coins minted at multiple mints without distinguishing mintmarks? >>

1965-67 circulation coinage. West Point made "anonymous" cents in the 80s.

Zoins · May 28, 2011 9:23AM

It's interesting that it seems like the Mint is now "managing" mint marks for collectors. This seems to turn mm collecting upside down from the original reason to collect by date/mm. Before peopled collected from different mints based on what was issued with rarities occurring naturally. Now coins are issued with or without marks managed for collectors.

Somehow, collecting by mm doesn't seem as pure as it used to.

MsMorrisine · May 28, 2011 12:48PM

I think the fear was making many fewer "S" minted coins, and having collectors of bullion coins cry that they made a numismatic rarity that is hard to obtain.

now, if someone wants to pay for a label for a duplicate coin, then its their choice to buy the label.

Zoins · May 28, 2011 12:52PM

<< I think the fear was making many fewer "S" minted coins, and having collectors of bullion coins cry that they made a numismatic rarity that is hard to obtain. >>

I agree. If this is true, the Mint is now deciding which coins have or do not have mint marks based on how they think collectors will react, not based on actual branch mint production. This is opposite to the origin of mint marks and why collectors started collecting them in the first place.

Does this mean Mint management of mint marks will eliminate creation of future key date coins? Has collector desire for key date coins led the Mint to actively avoid making them? If there are no more key date coins, how will this affect coin collecting?

It seems like "The End of Key Dates Coins" could be a good title for a numismatic article.

Zoins · May 28, 2011 1:13PM

A similar question would be:

Is it worthy of a special overstrike from a private mint? Would you buy one?

PinkFloyd · May 28, 2011 1:16PM

If it can be differentiated, why not....I can see some diehard ASE collector not only wanting every variety, but a coin from every mint as well.

19Lyds · May 28, 2011 3:25PM

<< kindo strange that these don't have a mintmark.

Are there any other examples of coins minted at multiple mints without distinguishing mintmarks?

--jerry >>

All 1965, 1966, and 1967 coins.

19Lyds · May 28, 2011 3:28PM

<< No I would not buy one. In this case you are truely buying the label over the coin. Unless it has a mint mark, no way. >>

Buying one would have the exact same weight as this:

2006 W SAE without the W Mintmark.

halfhunter · May 28, 2011 3:58PM

It's a fact that the mint has never and probably never will issue their "bullion strike" bullion coins with collectors in mind.

What they could and should do however is issue the burnished uncirculated collector coins from both mints with the appropriate mint marks ! ! ! JMO

HH

19Lyds · May 28, 2011 4:01PM

<< It's a fact that the mint has never and probably never will issue their "bullion strike" bullion coins with collectors in mind.

What they could and should do however is issue the burnished uncirculated collector coins from both mints with the appropriate mint marks ! ! ! JMO

HH >>

That would be a couple of winners but it would also set a precedent for future releases such as what began in 2006.

morgansforever · May 28, 2011 7:24PM

Only interersted if they carried a S mm.
Pretty lame of the Treasury not to include where in was struck, jmo.

ponderit · May 28, 2011 8:07PM

no

frnklnlvr · May 28, 2011 10:13PM

<< 

<< Are there any other examples of coins minted at multiple mints without distinguishing mintmarks? >>

1965-67 circulation coinage. West Point made "anonymous" cents in the 80s. >>

These were the only two examples I could think of as well. Does anyone know of any others?

Zoins · May 29, 2011 1:48AM

<< 

<< Are there any other examples of coins minted at multiple mints without distinguishing mintmarks? >>

1965-67 circulation coinage. West Point made "anonymous" cents in the 80s. >>

The Coinage Act of 1965 forbade mint marks specifically to frustrate coin collecting. I'm guessing the anonymous West Point cents were also done that way to avoid creating key dates for collectors.

It seems like there's some more good information for a "The End of Key Date Coins" article. What is the youngest circulation key date coin with a mintage less than say 500,000? I'm guessing some of the unmarked coins would qualify if marked.

<< These were the only two examples I could think of as well. Does anyone know of any others? >>

According to Wikipedia, the West Point Mint made Lincoln cents from 1973-1986, 1776-1976 bicentennial quarters, and standard Washington quarters from 1977-1979.

MsMorrisine · June 7, 2011 7:34AM

uh-oh... it has started.

NGC to Certify San Francisco Mint Silver Eagles

Zoins · June 7, 2011 7:36AM

Would have been nice of them to use MS70s as the examples:

I still think an actual S mintmark would be nice, whether original or added privately

johnperk747 · June 7, 2011 9:11AM

I have 3 full sets of the ASE in PCGS holders, would buy 3 (need to be MS69 FS) if any "dealer" or person is going to buy a green box and take to PCGS??!!!
(let me know . . .

)

Blessings

John

LindeDad · June 7, 2011 10:09AM

<< Would have been nice of them to use MS70s as the examples:

I still think an actual S mintmark would be nice, whether original or added privately

>>

So would you pay for a special "Minted in San Fran" ASE labelled coin as a separate "collectible" from a "Minted in West Point" labelled ASE??

Ok my bid on one is $37.50 and not a cent more. Bid only good for one hour.

[POLL] ASE Bullion Shipped From San Francisco -- Is It Worthy Of a Special Label From PCGS? Would Y

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