2016 West Point Hoard Silver Eagles (2019)

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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.

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Seems to be a pattern forming here...

 

Just recently, the U.S. Mint has sold a small amount of 2017 American Silver Eagles to a few dealers in a blind-bid auction. This inventory was not accounted for in 2017. Instead of "de-trashing" or melting down these coins as normal protocol, the United States Mint has decided to release these coins a whole 3 years after they were minted! This has only been done 1 other time in the 35 year history of the United States Mint! This is being called the 2020 "West Point Hoard" by PCGS.

Don't forget, these were released from the Mint 3 years after they were minted, so PCGS has decided to print 2017 and the implied (2020) date on the label. We have a very small amount of these coins certified in perfect grade PR70 with this exclusive "West Point Hoard" Label. In addition to this, each coin has been hand signed by Jim Peed, the longest standing designer at the U.S. Mint.