Comments on: US Mint Update on Bullion 2015 American Silver Eagles and Erroneous Information

By: Mark S

Mark S — Wed, 12 Jul 2017 12:54:41 +0000

I guess it is possible that the dealers/sellers themselves don’t know about the 6/30/17 announcement. It is not widely posted or easily found. Not even, as far as I can tell, on the US Mint website. I’m not a dealer, just a personal collector, but I had to root around quite a bit to even find this article. And even if they find the announcement, it does seem to leave itself open to interpretation or argument. And the whole NGC ‘proprietary process’ grading explanation doesn’t help any.

By: Rick K

Rick K — Wed, 12 Jul 2017 11:00:36 +0000

I have been very disappointed to see a couple of dealers that I have purchased from in the past still trying to sell these using the original hype. No mention of possible (P) Mint error as explained in the Mints 6/30/2017 press release. I will never buy from these dealers again as they have loss all credibility. There are other dealers who immediately pulled their listings and ads for these in May when the Mint released that the numbers were erroneous. These dealers have my respect and will have my future coin “allowance”

By: Rick K

Rick K — Wed, 12 Jul 2017 10:48:35 +0000

I would kind of like to have one just because of the debauchery. I consider these “Calamity Coins” I would even agree to let someone who has one to sell for the realistic price to scratch a X on the reverse side of the slab just to show that I’m not going to profiteer from others misfortune.
I think these will become collectible to a degree simply because of the disaster that the Mint instigated.

By: Mark S

Mark S — Wed, 12 Jul 2017 01:49:32 +0000

Personally though, I agree with you, Rick. I would only sell with “full disclosure”, but many do not. Buyer beware, I guess. Maybe eBay will remedy the situation.

By: Mark S

Mark S — Wed, 12 Jul 2017 01:41:05 +0000

Rick K – if you can get a PCGS or NGC 2015-(P) in MS69 at $50, immediately turn around and sell on eBay. People are still bidding $400+, and you can take your profits and buy some nice CC Morgans. The laws of supply and demand will always prevail, and unless the “demand” side of that equation become educated on this situation (and 11 days in they still are not!), these unjustified prices will continue. Coin collecting – what a fascinating world!!!

By: Seth Riesling

Seth Riesling — Tue, 11 Jul 2017 22:25:40 +0000

Rick K. –

I agree totally with your good advice for those who got taken by this bad situation.

-NumisDudeTx

By: Rick K

Rick K — Tue, 11 Jul 2017 21:59:55 +0000

I will pay $50 for either PCGS or NGC MS69 2015-(P) and $75.00 for a MS70. This seems cruel but in reality this is all their really worth at best. I will pay more than the usual $30 for a slabbed MS69 but being a “Calamity Coin” earns a little premium. I feel sorry for the owners (sorta) The folks who paid $4K plus for 70’s probably have enough money that it won’t hurt them. The Good People REALLY hurt are the average working guy who collects labels as such and spent money saved for a period of time. Instead they could of had a nice CC Morgan but instead they got a lemon.
One suggestion to owners of these lemons: if you bought off Ebay and used Paypal to pay for it you have 6 months to file a dispute. They are definitely “not as advertised” Paypal is always very buyer friendly in their decisions. Good luck folks…………….I do feel sorry for you.

By: joera

joera — Sun, 09 Jul 2017 11:19:18 +0000

This has gone beyond the 2015 (P). It seems like none of the 2016 or 2017 can not be verified as coming from a particular mint. Even though Mike Mezack is now selling sets of the 2017 (P), (S) AND (W) as the “SECRET SILVER EAGLES.” A set “that the government never intended the general public to know about.” It seems like there should be more to be heard about this whole mess.

By: Johnny D

Johnny D — Fri, 07 Jul 2017 05:05:38 +0000

This a serious issue. Collectors have spent from $500.to $4500 + for these coins, based on the label that does not match a mint mark. I think anyone who is going to buy one of these coins must be made aware that there is no mint mark on the coin and if you take the coin out of it’s slab it devalues the coin greatly and the coin can not get re-slabbed. I fear that these coins will have an * in the coin books to notify buyers to be beware.
.

By: Joe Brown

Joe Brown — Mon, 03 Jul 2017 07:49:08 +0000

Our US mint is the greatest for all they had to go through to establish themselves and they wasted no time designing and producing coins and medals up there with the best the world mints had to offer. In this day and age any good collector will disect everything. The US mint think tank must have known this could happen with all the high resolution cameras I would imagine the mint can see every detail that goes on in the coin manufacturer shops and design rooms two packing dock and shops. Never been to a mint so I don’t know, I’m sure it’s been said over the years. Does the mint get kickbacks from NGC, PCGS, ICG, or ANECS raiting companies? Thats why they let this happen. I have no problem as long as it goes back to the federal gov. Everyone should know. And any counterfeiting outside the mint of the package has been done The rating companies would know how to detect after all the years in the business. Just like they detect counterfeit coins, they are highly trained. Thank god there is a free info act. What if the US has to rely on their own precious metal.Its amazing how precious metal can work in our world along with other valuable natural resources. They have a lot to do with the way the world turns.This is one of the reasons I enjoy collecting there is a lot happening.