Why would the mint lower the price of a coin they have no intention of ever selling again? End of World War II 75th Anniversary American Eagle Gold Proof Coin https://catalog.usmint.gov/end-of-w...sary-american-eagle-gold-proof-coin-20XE.html West Point (W) American Eagle Coin Program $2,550.00 This product is currently unavailable. Learn More Mark the 75th anniversary of the end of World War II with the gift of gold available in limited quantities A symbolic V75 privy mark is stamped on the obverse of this American Eagle Gold Proof Coin Corresponding end of World War II package sleeve and Certificate of Authenticity are included Item Number: 20XE Mintage Limit: 1945 Product Limit: 1945 Household Order Limit: 1
I've been watching some will get returned and the Mint will put them back on the website as available
L & C today is offering PCGS certified 2020 W gold $50.00 with the WW2 stamp on it for $17,500.00. Already certified and in stock. Something seems fishy here!!!!!!
Yep and those are the ones the Mint is trying to stop. So thank them for the Mint putting up all the Captcha's trying to stop bots. The Mint put out a News Release about what happened and why. They acknowledged the problems they had and admitted they were not set up for the 390K people trying to log on at once.
I have a friend who's relative works at one of the TPG's and he was told that individuals such as the one mentioned and others basically GRADE THEIR OWN and stick it in one of the holders. He cannot verify this and of course his friend wants to keep his job so he will not confirm or deny it. HOW ELSE are they going to get it and turn it around within a few days. Just saying.
I thought I posted before but maybe not.....they were short HUNDREDS OF THOUSANDS of these coins, not hundreds or thousands or even tens of thousands.
The mint will ship the problem coins with scratches and spots that won't go into high grade holdes. I got stuck with a Douglas McArthur $5 gold commemorative that had those problems at the end of the sales period. Some might get returned if the speculators find that they can't make a profit. Collectors be damned. These limited mintage items that set well below the market demand are very unfair to the ture hobbist. The mint won't listen to its customers. The only people they care about are flippers. It's a bad as it was in the 1930s when commeorative half dollars were sold to dealers who charged high prices for them. The issue prices were meaningless because you could not buy them at those levels.
It's likely just automatically a computer that adjusts everything based off spot Nothing fishy about it. They're in California where PCGS is and they did a 1 or two day grading time They weren't short any, it was designed to be a low mintage high demand product and they had exactly as many as they said they would
Funny how all these conspiracy theories are always a friend of a friend blah blah blah. It's all nonsense. It's very easy to get your coins back in a day or two, use the 1 or two day grading tier. Or get it back in a week by using express. It's even easier when youre near PCGS like the seller in question is.
I found on L & C they are now selling the silver eagles for$590.00 to $940.00 depending on the sticker on the PCGS slab. Funny how they got at least 8 in stock that quick. They may even have more. So much for one per customer.
I don't think they had to buy any. Those coins would have all sold if the mint didn't make purchasing the coin the same as pulling the arm on a slot machine. If they didn't set a production limit or put the mark on every proof eagle no one would have been left out. They lost me back in 1995 when they put the proof silver eagle from West Point in the gold set.
No market, no ridiculously high price. And there in is the problem, not a mintage limit. I've been buying the Australian Wedge-tailed Eagles, none over a mintage of 50,000- most at 5 to 10,000- and have yet to spend over $199.00. And all in MS/PF 70.
I love the Wedge-Tailed Eagles....BEAUTIFUL coins ! Which ones are you buying for up to $200 ? Even in the secondary market, 70's and 69's can be found for way less than that in prior years.
