US Mint Confirms new Die Variety of American Gold Eagle

Hadn't seen anything about this yet. Not my cup of tea, but I know plenty of people are interested in these, so I figured I'd share:

http://www.coinweek.com/coins/error-coins/u-s-mint-confirms-new-american-gold-eagle-die-variety/

I'm not sure, from the limited information that I know, if I'd call this a "die variety" yet.

 

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/facepalm

So, have they become so incompetent that they've abdicated concern about the most fundamental consideration when creating a new coin design - "Do they stack? - or did they deliberately do this to generate media churn? Not a good look for them either way.

They've been doing these for, what, thirty years?

 

Doug, that wasn't what I got from that at all!

When submitters send in these coins, they can specify a minimum grade (if it doesn't make the grade, it doesn't get slabbed, and the submitter pays a lower fee). Contact marks on the coins would lower the grade, well below the 69 that is often the minimum.

I don't think anyone argues that coins in a roll, especially if they don't stack well, will receive contact marks.

This doesn't make them "worn," and doesn't make them "AU" as you seem to think.

 

Felt good, didn't it?

I wonder, though, if maybe they were submitted with a "minimum grade" caveat?

 

So is there a normal relief variety for 2016? oops! I didn,t read the total mintage...da

 

I didn't read it that way either. Many coins are returned to the mint for having damage, and they would not be able to grade high. I doubt any graded as low as AU, just not MS69-70.

 

O/T!
I agree with you guys, but I think you both would have to admit that if Doug had expressed this opinion on CU, he would have been banned immediately.

Chris

 

Question is, Is the relief actually higher, or was the rim notch around the edge of the die not cut deep enough? Cut the notch too shallow and the rims on the coin won't be as high as they should be and won't protect the high points of the devices.

 

According to the article in Coin World 3-28-16 pg. 36:
Mark Oliari submitted 10,000 coins to PCGS. All were rejected.
He still has "most" of the coins.
To me that means they were not returned to the mint.

 

That's got to hurt!! To pay that much in fees and not get one actually graded...

 

I'd have to disagree. It may not make them circulated, but there sure as heck is wear from whatever source. If there's wear, it's worn. What about "cabinet friction" or "sliders" that were never circulated, which are considered worn?

The "prize" will be the high relief coins that miraculously escaped wear, if there are any.

 

I'd like to know how one guy gets 10,000 coins ?

 

Looks like I'll have to save up some to get one. I've been saving for a MMIX Ultra high relief coin.

 

In the usual way, I'm assuming. He gives them his credit card number, and they send him bullion.

 

Paul would love ya for that one........

 

Er, um, uh........he's got's lots of dough?

 

I just wonder how much wear a coin can receive in a roll ? It's not like they're constantly sliding against each other . Though I do agree wear is wear because once outside that roll who will know how it received that wear .

 

A couple of wize guys . But that's what I get for not reading the whole article . The guys an authorized bullion dealer .