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    bigjarofwasps

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    Posts posted by bigjarofwasps

    1.  In a surprising turn of events, the United States Mint recently announced that they had sold leftover stock of their 2016-W American Silver Eagle proofs in a closed bid sale rather than melting them down - which is standard procedure for excess inventory.

      The result of this seldom seen closed bid sale from the Mint is what PCGS and NGC are calling the West Point Mint Hoard. The excess 2016 Proof ASE coins that were sold as part of this sale to a 3rd party vendor are the only ones that qualify for this intriguing designation.
      30th Anniversary of the American Silver Eagle
      2016 marked the 30th anniversary of the American Silver Eagle series, so the pristine proofs we are offering today are not your everyday Silver Eagles. For thirty years, all Silver Eagles featured grooved or “reeded” edges. But the 2016 Silver Eagle Proofs feature a smooth edge with the words “30th Anniversary.” It’s a first-ever addition — one that may never happen again.

      4DB95DDA-8994-4BC8-936E-3D537955C757.jpeg

    2. As it currently stands, by the end of calendar year 2020, the U.S. Mint will have produced and released six different American Eagle silver dollars struck with three finishes at three different facilities.

      The latest releases added to the Mint’s product catalog but without a specific issue date include the Proof 2020-S American Eagle silver dollar. The coin will be offered at $63.25 when it does go on sale and will have no mintage limit or household ordering restrictions.

      The West Point Mint will be striking the Uncirculated 2020-W American Eagle silver dollar, which will be offered later in the year for $54 per coin. There will be no mintage limit nor household ordering restrictions.

      The West Point facility is also slated to produce the Proof 2020-W End of World War II 75th Anniversary silver American Eagle dollar. No release date has been announced, but the issue is being limited to a maximum of 75,000 coins at $69.50 each, with a household ordering limit of one coin. The coin bears a V75 privy mark engraved into the master die, with the privy mark appearing in the upper right field of the obverse.

      The standard Proof 2020-W American Eagle silver dollar was released on Jan. 9 at $64.50 per coin, with no household ordering restrictions or maximum mintage.

      The remaining two silver American Eagles already produced and available in the numismatic marketplace are two bullion issues struck without Mint mark at two different facilities.

      The primary output of 2020 American Eagle bullion silver bullion coins was executed at the West Point Mint facility.

      Because of COVID-19 precautionary measures, the West Point Mint was closed from April 15 to April 21. During the shutdown, production of American Eagle silver bullion coins was shifted to the Philadelphia Mint, which struck 240,000 coins total.

      American Eagle silver bullion coin production has resumed at the West Point Mint. Collectors seeking an example of the Philadelphia Mint output will have to acquire an example certified by a third-party grading service attesting to the coin having been produced at the Philadelphia Mint.

      The major grading services are only certifying Philadelphia strikes as such if they are submitted in the original 500-coin boxes in which they were shipped, the box is still sealed and bears the appropriates tracking numbers.

      All other bullion issues are being certified as West Point Mint releases.

       

       

    3. 14 hours ago, Simius Rex said:

      I notice that one of the coins is dedicated to the many people who diligently observed lockdown in Britain.  On the website, it says that Boris Johnson will be receiving coin number 2 in the series.  Isn't this the same blithering fool who bragged about shaking everybody's hands without a face mask even though several were infected with the virus, and that he was going to continue shaking everybody's hands because he didn't think Corona was "a big deal" ?  Didn't he end up almost dying in intensive care with COVID-19?  Just asking... Simi.      

       

      97F202CE-1CCD-4B59-8CB5-16430F2CC6B2.jpeg

    4. Well my "First Strike" Emergency issue silver eagle finally arrived my courier this morning.

      Didn't pay an arm and a leg for it like I've heard of other collectors having to do. But was interesting is the journey it's taken, would be interested to hear other UK based collectors experiences of buying eagles from the US.

       

       

      This is the journey my eagle took......

       

      14th May bought from a dealer in Ramsey New Jersey (Ebay transaction).

      15th May 13:41 Accepted at the USPS facility Ramsey.

      15th May 19:22 Arrived at USPS facility Teterboro New Jersey.

      15th May 22:55 Departed USPS facility Teterboro New Jersey.

      15th May 23:30 Arrived USPS facility Jersey City New jersey.

      16th May 07:00 Departed USPS facility Jersey City New jersey.

      16th May 21:29 Arrives at USPS facility Cincinnati Ohio

      17th May 06:38 Departed at USPS facility Cincinnati Ohio

      17th May 06:38 Arrives at USPS facility Erlanger Kentucky

      20th May 16:00 Departs at USPS facility Erlanger Kentucky

      24th May in transit

      25th May arrives at my address.

       

       

      Am curious to know whether this is a usual or whether this somewhat indirect route is something to do with the current COVID situation?

       

       

    5. 12 hours ago, Chris Boonzaier said:

      I wonder if they will ever make it to Tchad? I am thinking this company may have bought the rights to make an "official currency" ... but for collectors...

      To be honest, because these coins are not minted in the country of origin, they are not something that I'd consider collecting.

      Although the designs added by First Coin Company, in my opinion are very striking. 

      There is very little information about this coin on the internet and as you say I suspect that there would be very little demand for them in Chad? 

    6. Another Panda I've recently added to my collection has an equally interesting story behind it..........

      Minted in Shenzhen for the 2019 World Stamp Exhibition in Wuhan. 

      The Wuhan World Stamp Exhibition took place between 11th - 17th June 2019, held at the Wuhan International Expo Center.

      In February 2020, the center was used as a makeshift hospital during the Covid 19 pandemic. 

      I bought this Panda on the 25th April 2020 from a coin dealer in the Antique Market Commercial building, Shanghai, China. From here it went via the regional distribution centre in Hangzhou Zhejang arriving there on the 28th April, it finally left China 7th May 2020, arrived in UK 9th May, being delivered on the 15th May, a trip of some 5728 miles!!

       

      2019 Wuhan Panda.jpg

      2019 Wuhan Panda 001.jpg

      Wuhan World Stamp Exhibition Center.jpg

    7. 22 hours ago, peter monahan said:

      A pity there are no identifying marks on the coins themselves.  Call me a cynic, but I can see a booming trade in these 'rarities' in the not too distant future, when some entrepreneur marries up his colour printer and a felt pen with a supply of the plastic boxes, which I assume are used for other coin issues as well. :(

      I entirely agree with you, there will always be scope for faking, such a shame the mint didn’t add a P. 
      But as long as a would be collector, sticks to reputable graders like PCGS or NGC they can be assured that they have a genuine example.

       

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