Stackerdude21

Nope, I only asked one question. “Why were there “Emergency Production ASE’s produced by the San Francisco and Philadelphia Mints for 2020 & 2021?”

I had no idea a question about “Emergency Production” ASE’s could become so intangental and obscure. 🤪

Why would you sell to a dealer? That’s like going to a Pawn Broker.

I check the auction prices as well. It is true that these coins are down a bit, but that won’t last long. I do enjoy the NGC Market report, as it gives you an eyeball on certain coins.

Tony, I was born at night, but not last night. I don’t come on the Chatboard to pick fights and attack people. I have spent too many years in the courtrooms of one particular State, and yes it is a “Republic,” but not Texas, to learn how to “Stand my Ground.” So, I am not intimidated by anyone especially two former State Attorney Generals who both ran from my legal challenges years ago. I only sought an answer to a question. That is all. Peace & Blessing be upon thee and thy House. -Stack.

Thank you Vendetta50. You are a breath of fresh air!🇺🇸👍

As in all metals, gold, silver platinum & palladium the market goes up and down. Just like stocks. Buy low sell high😆

The 2020 (P) “E.P.” is a “Unique Identifier” Coin. It is a 1 year issue only and of that year 240,000 coins were struck indented to be “Homogenous,” bullion coins without mint marks in Philly. There are also Roosevelt dimes without a mint mark so this DOES happen. Now we know that the bullion coins are all stuck at (W) and the proofs in their respective Mints along with the M/S coins struck elsewhere. So stock up!

As you can see boxes 400,000-400,479 were specially labeled.

Here is the letter from the U.S. Mint

If you scroll up to the top you will find an early post. Click the link.

Nobody needs to buy me anything. Please STOP with your insults. Everyone has a right to their opinion. Good or bad. Coins Matter.

I ORIGINALLY asked the question “Why were 2020 & 2021 graded bullion coins marked ‘Emergency Production’ ?” The replies have been anything from Good, Better, Best, to Off Point, Irrelevant, disingenuine, insulting and some downright Laughable. I rarely post on the NGC Chat-board, mainly because I get the same usual nonsense. And, usually from the same “Chat-sters.” I DON’T need to know if you have low property taxes or carry a concealed weapon on your way to a coin show, or what kind of bumper sticker your car or truck wears. I did not ask those questions, nor, do I care. I also do NOT need to be instructed on what to buy or when to buy, as Mercanti’s book states: “The Future is Unknown” when it comes to buying coins, the price of any coin may rise or fall at ANY time. What is right for you may not be right for me or the other guy. It is ALL based on speculation. History tells the story ONLY of what was made when two acts are completed…. The day he buys and the day he sells. The 240,000 (P) Bullion Coins Minted in 2020 are as the research proves “different” from the rest of the ordinary bulls. When minted in Philly they were wrapped and marked and put in specially marked “Monster” boxes and shipped to their respective “preferred” mint customers. From there, they were graded and encapsulated to be sold on the secondary market. Both NGC & PCGS note this special labeling EQUAL to a mint mark. Sure, if you remove it from its graded holder it would, and thereupon, become undistinguishable from an ordinary non graded bull, but what collector would do that? The price would degrade to melt value. All I am saying here is when in 50 years your or my inherit-tees sells a coin that has a label “E.P.” It may or may not garner a premium. Why? Dunno, the future is uncertain. Heck, they could have put “Covid Coin” on the label. Would that coin then become “untouchable?” I don’t think so, nor does NGC or PCGS. If I buy something today at $50.00 and sell at $250.00 I make a profit. The net result of what I make or you make is my or your business. That is not determined on a Chat-Board by self proclaimed “Numismatic” collectors. Some you win, some you lose, or break even. It is all in the pleasure of the deal. Just like throwing the dice at a Casino. The pleasure is in the game. It is all based on speculation. Caveat: “Let the buyer Beware.” “You can Buy, or You can Sell, but the price… Well, You can Never Tell.” - Stack.

Impact of COVID-19 on production, 2020 On March 28, 2020, the West Point Mint, believed to be the only producer of bullion American Silver Eagles from 2018 up until early 2020, was shut down for cleaning after an employee tested positive for SARS-CoV-2.[67][68] The facility reopened on April 1, and bullion coin production was reduced to prevent employee exposure to COVID-19, before once again being shut down on April 15 due to safety concerns.[69] To make up for the reduced and later suspended production of silver bullion coins, the Philadelphia Mint struck 240,000 American Silver Eagles from April 8 through April 20,[70] making them among the rarest uncirculated issues to date.[71] Although these coins were physically identical to the West Point coins, coin grading companies began certifying Philadelphia Mint Silver Eagles as "Emergency Issues."[72] Production at West Point continued on April 21.[70] source Wikipedia

Explain the below.

And there you have it.

Eagle RJO, As it has been stated, and in other markets as well, when buyer meets seller and the price “settled” it is marked SOLD!

You must have an old computer.

EagleRJO, Checked the NGC Price-guide tonight. $250.00 as of right now. Current pricing.

Most if not all coins I have bought online I have NEVER paid a tax. Local purchases are different. State and local tax differs. Yes to those. That’s a legal sales tax. None on an ASE from the “Big Metal” dealers either.

Believe it or not, it is true. No tax when you buy, no tax when you sell. No tax was one of the reasons the ASE program was created. Thank you Ronald Reagan. You can even convert a 401 K into hard silver and pay no tax.

I did NOT say you needed a loan. Nor, did I say I needed one either. Just sayin they loan… that’s all. BTW ASE’s are TAX free!

Really? Tell that to the guy who sold that St. Gaudens for for $18 million. Good investment. Remember money losses buying power every minute.….and Rust is the New Gold. Ever been to Hot August Nights? Alot of old rust there. We live in a world of perceivement. It is what one perceives it to be. I also know that NGC partners will loan $ on NGC graded coins. Its based on how much NGC grade value you have.

Tony, You are so correct that any item (including ASE’s) are only worth what someone is willing to pay. It does NOT matter what the item is. It could be anything from bananas to bicycles, tires to shoes. If you are a wise man, you will know that your greatest profit margin is in quick turnaround with the highest margin. I have sold multiplied millions of dollars worth of items in my life and know this to be FACT. Quick turnaround is what makes money! NOT slow turnaround. Covid proved this to the demise of many businesses. They could not sell product out of an empty barrel. You say you bought a burnished ASE in 2019 for $80.00 and now in 2023 it is worth $165.00, …that is not bad, but it took you 4 years to double your book margin. I bought an E.P. 70 ASE last week for $50.00 and it is listed at $250+. I did that 4 times. Now, you guys TELL me, who got the greatest return on his cash?? ANYTHING you buy to sell, or keep, or invest in is PURELY a NUMBERS V. TIME. Thing. Case CLOSED ///.