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<p>[QUOTE=&quot;cpm9ball, post: 1859366, member: 24633&quot;]Let&#039;s see if I can answer some of your questions for you. If I happen to make a mistake, someone please chime in and correct me.</p><p><br /></p><p>1.&nbsp; Since the Uncirculated Eagle was always considered a bullion coin, the Mint wanted to be sure to achieve maximum circulation. In keeping with that idea, they sold them in &quot;Green Monster&quot; boxes to dealers ONLY. One of the requirements to be an eligible dealer was (don&#039;t know if it is still true) that they had to be able to sell one million ounces per year.</p><p><br /></p><p>2. I&#039;ve heard more than one explanation for this, and to be honest, I don&#039;t really know which is true. I tend to believe that the UNC Eagles have always been produced at the West Point Mint. There has been speculation that the Mint did not want this information known to the general public because the West Point Mint held considerable stores of gold &amp; silver bullion, and there were concerns about security.</p><p><br /></p><p>3. Keep in mind that 2007 was the second year of production of the burnished eagle with the W mintmark, and this coin was sold directly to the public. The regular uncirculated Eagle was still sold through the dealer network, so I can only speculate that the burnished Eagle negatively affected the value of the regular Eagle.</p><p><br /></p><p>4. The uncirculated Eagles have always been distributed through the (participating) dealer network, so I don&#039;t think we can assume that this previously had a negative impact on values. Perhaps the introduction of the (burnished) West Point series has affected the values of the regular series. Who knows?</p><p><br /></p><p>5. Since silver is under $20/oz. it seems that the apparent scarcity is indicative of heavy buying by collectors AND PM SPECULATORS. It&#039;s also possible that coin dealers are buying and hoarding them in anticipation that the price of silver will rise. Also, if you were a dealer and you bought Eagles when silver was $35-40/oz. would you be willing to sell them at that great a loss?</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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