Proof Silver Eagles PR70 for $139.95 - https://bullionsharks.com/2016-w-pr...bwyCLzgWLRO2djPnaba_VhFcQbtrfrToB05RfuBKdeDsU
I Heard about this a few weeks ago. Rather than put the product back up for sale on their site, they sell out to the highest bulk bidder. That sucks, in my opinion. Anybody that buys into this second releasing, entombed in plastic, is an idiot......
Long story short: the Mint had about 180,000 left-over 2016-W ASE's --- so they hauled them out of storage and sold them in 2019. Not sure how I feel about that. I thought they melted surplus.
I have split feelings on situations like this. It's all fair game. We could have bought one in 2016 but would we have gotten a 70 if we sent it in to the grading companies? (That's a whole other posting in and of itself!).
That's exactly what they are supposed to do ! Only thing I can think of for how they got away with not doing that, is that there is something in the specific law regarding those specific coins that allowed it.
Oh there is, but the law states, left over bullion coins have to be melted. What I'm saying is these were not ordinary bullion coins, they were special, there was a specific law that allowed them to be minted to begin with. And that specific law is what offset the law that governs ordinary bullion coins and allowed them to not melt them.
I made the mistake of buying from bullion shark once. The coins i bought were ok, but i was plagued by calls trying to sell me more stuff for months afterwards, with that grating new york accent.
Does it? I know with recent commemoratives the authorizing legislation often specifies an ending date for sales, but the bullion coins were originally intended to sell off the Strategic stockpile so they wanted to sell all of them they could. Other laws keep them from striking coins after the date shown on them, but I don't think there is anything that says they can't sell them at later dates and I am not aware of anything that says they HAVE to melt down the unsold coins at the end of the year (Do you have a reference to something?) And if they don't have to melt them down there is nothing to prevent them from bulk selling them later.
Not off the top of my head, I'd have to go searching for it. But yeah, it seems to me there is such a law. Is it possible I'm wrong, yeah, that 's possible too, but I don't think I am. Either way Michael you know how to look it up just as well as I do, so if ya feel like it, have at it.
Here we go again, West Point Mint Hoard for 2017/2020 https://coinadvisor.com/2017-w-1-si...t-mint-hoard-ngc-pf70-ultra-cameo-brown-label
