WOW! The Mint screwed up Big League...

If you can't determine origin, date, strike or composition by examining the coins, it's all hearsay anyway. Box numbers, early releases, first strikes, etc.; you're just taking someone's word for it.

Cal

 

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True, but something is seriously wrong if you can't take the mints word for it that a box came from where their records show it came from.

 

How are you going to sue the us mint, which is owned by the us government, which makes the laws of the land . Congress will pass any laws as needed ...

 

I agree with you on that. They are all the same looking coin without any mint marks and yet someone who said they are from the "P" area and they produce less than whatever then now they are worth $600 bucks ??? Pretty stupid I would think.

 

"Stupid is as stupid does."

--- Forrest Gump

 

Sounds like, its' time for a recall . Lots a ways to skin a cat ..

 

Never going to happen they are required by law to provide the information on what's produced and where being a public entity. This whole mess started though because although the mint did just that with stating how many eagles were produced and where for the overall mintage. Someone then decided to use a FOIA request to force the mint to reveal the where based on lot tracking #'s and the whole 'P' less P slabbed eagles were born. I would say it's likely the mint makes it impossible to tell where bullion eagles come from going forward though.

 

It doesn't matter what mint they were struck at as long as the label says Philly, right? We're talking about a label collecting segment aren't we?

 

I love the smell of schadenfreude in the morning.

 

Some ASE's have mint marks (proofs and burnished), most don't. For the ASE's that don't have a mint mark, I would not pay a premium just because NGC or PCGS puts something on the slab saying where it was minted. I'm bidding on one coin (not an ASE) that says on the holder that it was made in Denver, but has a "S" on the coin. The grading companies goof even when there is a visible mint mark.

 

Unless I see the "W," "D," or "S" stamped on the coin, there's no extra value to me.

 

Yes these are all things that YOU do. Much like with toned coins however you seem to not realize that not everyone likes the things you like.

I personally have no interest in a $600 ASE either but don't think twice about someone else wanting to do so.

 

I guess that the premiums on these boxes will disappear.

 

I'm much more concerned about the worth of the good old US dollar that I spend.

 

I don't understand what the issue is. It says right in the article:

That erroneous information has been used in the numismatic marketplace to promote some coins as rarities. Mintages are reportedly correct; 79,640 2015-(P) American Eagle silver bullion coins were struck at the Philadelphia Mint.

So the numbers that were minted in Philly are the same as originally stated. Who is the mint to say what is treated as a rarity? The fact of the matter is they were identified as being struck in Philly. And that is what the label says. There won't be any more. So it will continue to be treated as a rarity, if for nothing other than the label. It will be rare because the market will treat it as such.

As for the silver eagle bashers, to each their own. I personally can't see paying more than 1 cent for a penny.

 

Lawsuits against who?
The US Mint?
The clerk that gave out erroneous information in good faith that it was correct?
The individual that interpreted the FOIA Information?

This (mm) market is a bubble that can do nothing but explode leaving lots and lots of poor saps wishing they'd never gotten involved in this "label chase".
Maybe their spouses should sue them?

Excuse me now since I have to go LMAO while viewing a photo of PT Barnum!

 

What's next? We find out that Poland Spring has been selling us NYC tap water?

 

They already tried to do that with the Philly ones in the first place. Some identifier will always need to be in place for them to track what came from where for when/if problems arise. Given the glut of ASEs they can't sell at the moment though it doesn't look like the demand will cause Philly to be in play again any time soon.

 

NYC tap water is some of the purest in the world. It comes from northern springs plus the majority is pumped to rooftop tanks where the sediment drops to the bottom and the feed pipe is typically 12" above the bottom. Pizza shops around the country that want to create the most authentic NY pizza even pay big money just to import NY water to make their crust dough. They claim if just doesn't taste right without it.