2015 W Burnished 1 OZ Gold American Eagle

Any chances this will be the low mintage "King". Look like its gonna come in under the 2012. What are you thoughts?

 

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I'm not too familiar with the bullion market, but does burnished make it more expensive? I always thought the point of billions was to invest in silver, but as someone who is getting back into Numismatics I was surprised to walk into a coin shops the other day and find dozens of PCGS and NGC American Eagles with an MS-69 and MS-70 grade, and dealers asking for far above the melt value. Did I miss something? Of course a coin never meant for circulation, struck with a modern press, and literally walked from the mint to NGC or other grading service will get a high grade. All you have to do is buy a tube from the mint and you'll get a dozen MS-69 and MS-70 coins. I must have missed something while I was away from the hobby, because I don't get any of it.

PS: sorry if I come off as ranting, but its a genuine question.

 

It has somehow come to pass that people think bullion is worth a numismatic premium. Go figure.

 

It's a very heated topic between some people. Just collect what you like.

 

The ASE's and GSE's have become a collectible series. Add Registry sets to the equation as well as the TV coin shows, and you have a market for graded bullion.

I know it doesn't sit well with most numismatists, but IMO, that's the reality of the situation. Since there are so many bullion pieces in the marketplace, graded and still in OGP, I think playing the grading game is a big gamble. To each his own.

Edited: I must also add, that I do collect ASE's raw for an Album and have some graded as well. Graded are mostly proofs. I think they are just gorgeous.

 

#SlabTheBars!

Wait, now that I think of it I have seen slabbed bars in the 9/11 recovery slabs so I guess they already do that too

 

How do you know the exact mintage numbers for the burnished 1 oz gold eagles? I thought the mint just includes them with the standard 1 oz gold uncirculated mintage number?

 

They keep the numbers separate for the ASE's so why not the gold?

 

They have the W mint Mark.

 

Thanks for the explanations. I haven't kept up with numismatics for over 12 years. I stopped collecting when I was around 17 years old. Jumping back into it all of the sudden feels like a different world. I don't remember any of these graded bullions back then, so it must be morea more recent thing and I was curious about it.

So, are these burnished coins worth collecting over regular bullion? I may want to pick up a few bullion coins for collection purposes. Should I go burnished?

 

No idea I checked the production reports and there is no separate entry for the burnished coins that I can tell. And in the past they've simply included them amongst the total for the regular uncirculated bullion coins I believe.

And so do the regular uncirculated bullion eagles which most people can't tell from a burnished coin anyways.

 

Bullion eagles do NOT have a mint mark. Only the burnished and proofs.

I do agree it's hard to tell the burnished surface from the regular uncirculated strike. If it weren't for the mint mark, it would be very difficult for me.

 

You're right about the regular bullion eagles lacking mint mark, I was confused as they are all minted at West Point. On that note adding a mint mark on the so called 'burnished' ones only is a gimmick by the mint and pretty much the only way to tell apart one from a very nice uncirculated bullion version imo.

Also going off the sales figures up to date it shows the numbers below. Although the total sales figure doesn't account for the total mintage and the mint usually sells these well into the next year until the next years (2016) become available for sale. So who knows what the end mintage figure will truly be.
2015 AM EAGLE GOLD UNC 1 OZ 5,603

http://catalog.usmint.gov/american-...in-PM7.html?cgid=american-eagle-coins#start=1

 

This is the most recent report on mintages (Eagles) I could find from Numismatic News.........



As you can see, bullion is counted separate from collector (burnished) issues.

http://www.numismaticnews.net/article/strong-sales-for-2015-proof-gold-eagles

 

No you didn't. bullion is still bullion.The only difference today is that MS/PR70 bullion coins contain more BULL than ION.

 

so buying a 2015 mspr70 for $400.00 is not worth more than a $50.00 proof eagle?

 

The problem is that things like first strike and MS-70 in modern coins are a bit of a gimick. First of all, big dealers literally have their coins shipped straight from the mint to the grading services. At least a quarter of all bullion coins will be an MS70 due to the quality of modern presses and modern quality control, and any bullion that gets to the grading services within the first 30 days of release gets the first strike label regardless of whether they were struck first or 20 days after production started.

I've visited 5 coin shops in South Florida and all of them have two or three shelves full of modern American bullion coins graded ms70. Its just not that rare or impressive, and I feel that the hype will eventually not be able to support the premiums and the premium prices will collapse. If you think the over-availability of MS70 bullion is something now, wait until the next economic crisis where everybody who bought a dozen of these over the TV will rush to the coin shops to sell them. These dealers may not have enough space to store all the MS70 bullion that's going to be heading through their doors.

 

Frankly, I never have understood the graded bullion coins. But considering they seem to occupy more and more space at coin shows I attend, there obviously is a market for them. My suspicions about them stem from the fact that the TV coin salesmen are among their biggest backers and I have seen some almost criminal promotion of them on late-night TV.

I like the ASE proofs. I buy one every year from the Mint simply because I like them. And, no, I don't send them off to be graded and slabbed.

 

Nahhh, Dealers just hoping for suckers to pay over bullion price.

 

When I get mine put in plastic I prefer the RETRO slab