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JRs Coins

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Journal Comments posted by JRs Coins

    freerider41042

    Posted

    It only matters if you want a complete competitive set according to Collectors Society definition.  It is not a variety but a curiosity.  Do you think NGC will crossover similarly attributed coins from other TPGs?  I like buying silver.  I like complete sets.  Buying graded bullion seems a bit weird even to me but buying an indistinguishable coin to have the "special" label is a waste of money.   (imho)

    freerider41042

    Posted

    Ali replied: "NGC recently received information about where Silver Eagles over the past few years were actually minted. As such, we have added the appropriate slots."   The referenced article does not support this statement.  There are vague references about where they think these coins were minted.

    "officials say they 'believe they have an idea' which coins were struck at which facility"
    "Mint officials acknowledge that the silver bullion coins struck at the West Point Mint are robotically tubed, primarily, they note that the facility 'also employs manual tubing'."
    "the grading service developed its theories"
    "The service "speculates" that manual tubing of coins accounts for the tubes with lower quality coins"
    "grading service will identify the Mint of production on the grading label 'if definitely known'"

    "Coins struck at the San Francisco and Philadelphia Mints, boxed in tubes and secured with 'generic U.S. Mint straps', are also shipped from those two facilities for pickup at the West Point Mint. "

    There is no possible way to "definitely know" where any of these coins were minted in 2015 and 2016 and should not be labeled as such.

    I also have complete Silver Eagle sets and think the "struck at" labels are just a money maker for NGC except for the San Francisco banded monster boxes which were known from 2011 to 2014.  All the others were from West Point and there is no need to label them as "struck at West Point" and then have a slot for a generic label for the same year since there is no difference, both were struck at West Point.