25th anniv ASE 3rd coin issue + top grading
Posted: Fri Nov 25, 2011 7:32 pmhas anyone seen the dent or dimple reported here on the bullion coins in the set?
Also look at the high number of coins getting graded 70. WOW, that'll keep their value from skyrocketing too far.
the following is from; http://mintnewsblog.com/2011/11/25th-an ... et-update/
Unique Coins of the Set
The sets are particularly desirable because of the inclusion of two coins (or possibly three) unique to the product offering. The confirmed unique coins are the 2011-S Uncirculated Silver Eagle and the 2011-P Reverse Proof Silver Eagle. Each of these coins have a mintage of only 100,000 pieces, which rank as the second lowest mintage American Silver Eagles ever issued by the US Mint.
As collectors have started to examine their sets, some have identified a potential difference for the bullion Silver Eagle included. Some initial reports found a difference in the finish compared to bullion coins issued through the regular channels. Later reports have identified a “dent” or “dimple” on the middle tail feather of the eagle on the reverse, which seems to appear only on the bullion coins included in the 25th Anniversary Sets.
Capsules Opening During Shipping
There have been many reports about the plastic capsules containing the coins opening during shipping. In some cases, readers have reported finding individuals coins rattling around unprotected within the box. This is understandably upsetting and particularly unfortunate for this product offering since if returned for quality issues, it is probably unlikely that replacements sets could be issued.
Third Party Grading
Some collectors are choosing to send their sets to third party grading companies such as PCGS or NGC for encapsulation and grading. In order to have all five coins in the set identified as coming from the 25th Anniversary Sets, the companies have required submission of the coins within the sealed US Mint shipping boxes.
Some early information seems to indicate a high proportion of coins grading MS70 and PR70. This is surprising since the coins must be submitted “blind,” i.e. collectors do not have an opportunity to view the coins and select the best ones for grading. It is also surprising given the problem of opening capsules mentioned above.
For the 2006 20th Anniversary Sets, around 10-20% of coins seemed to be receiving the top grades. For the 2011 25th Anniversary Sets, the earliest population report data available shows more than 50% of coins receiving the top grades. This may change or shift lower as time passes and more coins are graded, but it is certainly something to watch if contemplating paying a big premium for top graded coins.
Also look at the high number of coins getting graded 70. WOW, that'll keep their value from skyrocketing too far.
the following is from; http://mintnewsblog.com/2011/11/25th-an ... et-update/
Unique Coins of the Set
The sets are particularly desirable because of the inclusion of two coins (or possibly three) unique to the product offering. The confirmed unique coins are the 2011-S Uncirculated Silver Eagle and the 2011-P Reverse Proof Silver Eagle. Each of these coins have a mintage of only 100,000 pieces, which rank as the second lowest mintage American Silver Eagles ever issued by the US Mint.
As collectors have started to examine their sets, some have identified a potential difference for the bullion Silver Eagle included. Some initial reports found a difference in the finish compared to bullion coins issued through the regular channels. Later reports have identified a “dent” or “dimple” on the middle tail feather of the eagle on the reverse, which seems to appear only on the bullion coins included in the 25th Anniversary Sets.
Capsules Opening During Shipping
There have been many reports about the plastic capsules containing the coins opening during shipping. In some cases, readers have reported finding individuals coins rattling around unprotected within the box. This is understandably upsetting and particularly unfortunate for this product offering since if returned for quality issues, it is probably unlikely that replacements sets could be issued.
Third Party Grading
Some collectors are choosing to send their sets to third party grading companies such as PCGS or NGC for encapsulation and grading. In order to have all five coins in the set identified as coming from the 25th Anniversary Sets, the companies have required submission of the coins within the sealed US Mint shipping boxes.
Some early information seems to indicate a high proportion of coins grading MS70 and PR70. This is surprising since the coins must be submitted “blind,” i.e. collectors do not have an opportunity to view the coins and select the best ones for grading. It is also surprising given the problem of opening capsules mentioned above.
For the 2006 20th Anniversary Sets, around 10-20% of coins seemed to be receiving the top grades. For the 2011 25th Anniversary Sets, the earliest population report data available shows more than 50% of coins receiving the top grades. This may change or shift lower as time passes and more coins are graded, but it is certainly something to watch if contemplating paying a big premium for top graded coins.