Are 2020(P) "Emergency Issue" silver eagle over priced?

Discussion in 'Coin Chat' started by MorganDollarGuy, May 25, 2020.

  1. I'm seeing NGC/PCGS slabbed 2020(P) "Emergency Issue" silver eagle. The look of the coin seems identical to the (cheaper) regular 2020(W) silver eagle. Do you believe the 2020(P) "Emergency Issue" silver eagle is worth the premium?
     
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  3. dwhiz

    dwhiz Collector Supporter

    worth the premium?
    No
     
    Last edited: May 25, 2020
    capthank, ernie11 and Inspector43 like this.
  4. baseball21

    baseball21 Well-Known Member

    Yes there will be a premium as they are a P mint coin, how much of a premium is the question. The P do sell for more than the W or S though and that is long established. Different years of the P have different premiums
     
  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    According to Mike "The Mouth", yes! ~ Chris
     
  6. alurid

    alurid Well-Known Member

  7. baseball21

    baseball21 Well-Known Member

  8. furryfrog02

    furryfrog02 Well-Known Member

    Take the coin out of the slab and there is zero way to differentiate a normal from an "emergency issue" ASE. All marketing gimmicks.
     
  9. frankjg

    frankjg Well-Known Member

    Didn’t you hear? TPGs are essential and keep collectors from being fleeced....:meh:
     
    John Burgess likes this.
  10. furryfrog02

    furryfrog02 Well-Known Member

    One more reason I will never use one. They are just about as bad as the HSN Coin Show guys IMO.
     
    JCKTJK and frankjg like this.
  11. UncleScroge

    UncleScroge Active Member

    Yes they're overpriced, but the reason for the gouging is that there were only 240,000 minted at the Philadelphia Mint. That'll probably end up being a drop in the bucket compared to how many are minted at West Point. Therefore, you pay an overpriced premium for the 'proof' that it came from Philadelphia.
     
  12. chascat

    chascat Well-Known Member

    Just more "carnival" hype from both the Mint and their TPGs buddies...Momboff!..."A fool and his money are soon parted"
     
    furryfrog02 and dwhiz like this.
  13. baseball21

    baseball21 Well-Known Member

    So sad, guy asked a question and gets this
     
  14. NSP

    NSP Well-Known Member

    I would be hesitant to buy a coin where ~90% of its value would evaporate if it was broken out of the holder. While I respect that some may collect these ASE variations, I don’t really think the 2020-(P) is worth the premium in my eyes.
     
  15. chascat

    chascat Well-Known Member

    So sorry for my lack of tolerance with Silver Eagles in recent months.
     
  16. Santinidollar

    Santinidollar Supporter! Supporter

    Honestly, I fail to see where this coin — with no mint mark — is worth the huge premiums being asked for by sellers. I believe the same thing happened a few years back. Anyone know what those ASEs are going for today?
     
  17. chascat

    chascat Well-Known Member

    On E-Bay they ask around $65 for MS70 slabs, a small bit more than for the regular issues...The subject coin has a mintage of around a quarter million, a very high figure in my way of thinking, compared to the few who collect the oddballs. I doubt they will hold their value for long...just my opinion.
     
  18. Burton Strauss III

    Burton Strauss III Well-Known Member

  19. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Perhaps in hindsight the mint realized how much they left on the table with last year’s reverse proof ASE’s. I wasn’t a participant in that feeding frenzy, but darned if those prices didn’t go sky high for the few that got them and flipped them.
     
  20. Mountain Man

    Mountain Man Well-Known Member

    "Emergency Issue. Rare. One of a kind. Special Issue. Only a few available." etc. etc. etc. are all phases I tend to take with a grain of salt. They wish to sell a lot and make money. Sorry, they won't be getting mine.
     
  21. baseball21

    baseball21 Well-Known Member

    There's no difference in the mint price and the P are sold the same way the W and S are
     
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