TPGS eligibility requirements for the 2022-W “Congratulations Set” Silver Proof American Eagles $1

Discussion in 'US Coins Forum' started by Mark Kerner, May 19, 2022.

  1. Mark Kerner

    Mark Kerner Member

    Hello all,

    Why are the TPGS’s so strict regarding the requirement that the Congratulations Sets be sent to them in original mint packaging?

    The TPGS’s will not assign a “Congratulations Set” designation the 2022-W American Silver Eagle Proof $1 coin that is not submitted to them in the original unopened box sent from the U.S. Mint. Why do think that is? I ordered 3 of them, but I did open the box to remove other coins included with the same order. I hadn’t opened the Congratulations sleeves that the coins come in. Do they have a reason to be this strict? Or, are they just trying to artificially inflate the value of the coins by limiting those that they grade, since the Congratulations Set product (22RF) is limited to 30,000 units, while the ones not in the set (22EA) have no mintage limit? Thanks for your opinion.
     
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  3. Insider

    Insider Talent on loan from...

    Welcome to CT. Have you given any thought to this? The answer is extremely simple. Take a guess before someone actually answers your question. I'll bet you'll get the correct answer for yourself.

    Aw, you are new here so I'll :angelic: give you a hint but just this one time:

    I strike 10 coins and put them in a special set. Then I strike a hundred of the coins and sell them outside the set. See?
     
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  4. Inspector43

    Inspector43 Collecting Since 1948 Supporter

    Yes, I have 10 2011 Bullion coins from the 2011 Anniversary Set. There are only 2 people that know they are from the Anniversary sets since they are no longer in the sets. You guys know it now but you would have to take my word for it.
     
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  5. Inspector43

    Inspector43 Collecting Since 1948 Supporter

    I would not pay a premium for them because they are the exact same coins as the unlimited ones you mentioned. They only have a different package.
     
  6. Mark Kerner

    Mark Kerner Member

    Thanks for not saying it straight out, like "It's all about the coin, stupid!" :) Once bitten, twice shy! So is this any different with those "Emergency issues" of West Point Silver Eagles issued without a 'W" mint mark, that have a (W) on their grading label? Should/does anyone pay a premium for those? If I collect W mint marked Eagles, do those count too? I'm thinking, no!
     
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  7. Insider

    Insider Talent on loan from...

    Collectors collect what they like/want. If graded the same by the same TPGS, a Silver Eagle with a "special" label (Congratulations Set) is usually worth more to SOMEONE than one with a generic label. Most dealers treat most of them in each category as melt if they can pull it off when buying.

    The Mint needs to come up with something really attractive to collectors that can be slabbed with a special label like:

    1. One of the first 10 coins struck with die#7850.
    2. Limited Edition struck by Jimmy H. on his last day as a pressman.
    3. Last graded batch before the "Initial Release Label" expires.
    and 4...
     
    Last edited: May 19, 2022
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  8. Inspector43

    Inspector43 Collecting Since 1948 Supporter

  9. Mark Kerner

    Mark Kerner Member

    Thanks for the checklist and for the dialogue. Sure miss the in-person local coin shows and clubs. Not much activity has resumed here in southeast Florida to my knowledge.
     
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  10. Inspector43

    Inspector43 Collecting Since 1948 Supporter

    That site has checklists for most sets. I live about 50 miles from the nearest coin shop. So, I don't go to them anymore. Good luck with your set.
     
  11. Mr.Q

    Mr.Q Well-Known Member

    I believe you are satisfied with the quality answers you have received, so I will just say welcome to CT, keep on sharing, good luck.
     
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  12. whopper64

    whopper64 Well-Known Member

    Apparently the TPG's, as discussed in this forum, need to confirm that the coins are truly part of the OGP set; simply to be able to charge outrageous prices for the graded coins. Also, TPG's are charging different prices for different labels even though the coin is the same. Unfortunately, there are buyers who are paying for a label rather than the coin. As long as there are buyers for their scams, they will continue to get even more crazy with their ridiculous labels.
     
  13. baseball21

    baseball21 Well-Known Member

    TPGs dont sell coins. They couldnt care less if you submit it in the set or not, you wont get the label but the cost to the submitter is the same

    There's absolutely no scam occurring from the TPGs
     
  14. whopper64

    whopper64 Well-Known Member

    The scam is not in the grading, but in the labels. i.e. First releases, Early Releases. First Strike, etc.
     
  15. baseball21

    baseball21 Well-Known Member

    Theres no scam in the labels. The PCGS slabs literally say on the back what First Strike means, its not a secret. The Early Releases that NGC does while I wouldnt call it a scam, that one I dislike as that is biting them in the you know what since there are actually some coins that get released early now.
     
  16. Insider

    Insider Talent on loan from...

    That's interesting. Thanks in advance for educating me. I don't get out much anymore. ICG does not do this. Which of the other three major services does? Is your opinion based on personal experience? Please give us an example.
     
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  17. whopper64

    whopper64 Well-Known Member

    My bad. What I meant to say was that sellers are charging more or less for the different labels. TPG's are just grading and labeling the slabs.
     
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  18. BearlyHereBear

    BearlyHereBear Active Member

    I had 3 Congrats sets delivered but didn't recognize the box. Opened it... Sent in the three in OGP with shipping receipt along with 3 regular proofs with receipt. Got 6 First Releases back (2-70s and 1-69 of each). Oh well, lesson learned. I marked the Congrats by invoice # just for my benefit.:bored:
     
  19. BearlyHereBear

    BearlyHereBear Active Member

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