Numismatic Guaranty Corporation® (NGCcoin.com) has once again demonstrated its position as the leader in modern coin certification: The third-party grading service has already certified more than half of April’s emergency production of 240,000 American Silver Eagles at the Philadelphia Mint.
The Philadelphia Mint struck 240,000 American Silver Eagle bullion coins between April 8 and April 20, 2020, according to official US Mint documentation.
Bullion Silver Eagles, which have no mintmark, are normally struck at the West Point Mint and, in some years, the San Francisco Mint. Production of Silver Eagles was temporarily supplemented by the Philadelphia Mint due to the coronavirus emergency and strong demand for the coins.
The US Mint makes bullion Silver Eagles available through a network of distributors called "Authorized Purchasers." The coins are packaged in green "monster boxes" that each hold 500 coins. The Silver Eagles struck at the Philadelphia Mint have tracking numbers 400,000 through 400,479 on their sealed US Mint monster boxes.
The majority of these coins have now been submitted to NGC, which has long been the leader in third-party certification of Silver Eagles and other coins. NGC recently became the first third-party grading service to certify more than 10 million Silver Eagles.
"We are honored that the marketplace has once again recognized NGC as the industry leader," said Mark Salzberg, NGC Chairman and Grading Finalizer. "Collectors place their trust in NGC because of our superior expertise, integrity and holders, among many other factors."
Eligible coins are identified on the NGC certification label with the description "Struck at Philadelphia Mint, 2020(P) Eagle S$1, Emergency Production." With a mintage of just 240,000 coins, the 2020(P) Emergency Production Silver Eagle is the second-rarest issue in the 34-year history of the bullion American Silver Eagle series.
Coins attributed as part of the Philadelphia Mint Emergency Production are listed separately in the 2020 Eagle section of the NGC Census. The NGC Census is a free online population report of coins certified by NGC, located at NGCcoin.com/Census. (Note: The NGC Census does not count coins that do not receive a numeric grade or an NGC Details grade, or coins that have not yet shipped from NGC.)
For more information about NGC and its third-party certification services, visit NGCcoin.com.
About Numismatic Guaranty Corporation
NGC is the world’s largest and most trusted third-party grading service for coins, tokens and medals, with more than 46 million collectibles certified. Founded in 1987, NGC provides an accurate, consistent and impartial assessment of authenticity and grade. Every coin that NGC certifies is backed by the comprehensive NGC Guarantee of authenticity and grade, which gives buyers greater confidence. This results in higher prices realized and greater liquidity for NGC-certified coins. To learn more, visit NGCcoin.com.
Herr Salzberg,
NGC, as a privately-owned company, would be out of business if the U.S. Mint stopped striking the ASE $1 coins…
NumisdudeTX
I’m confused. How are these different from the coins struck at West Point, which also do not have a mint mark? Is the holder now more valuable than the coin?
I would say the coin needs to be IN the holder for the holder to be valuable. But yes, it’s because of the holder you know if it’s from the limited production.
Still a bullion coin WHO CARES???? Run Forrest Run!!!!
As I have said before I will never, ever buy anything from the mint again after that stunt they pulled at the end of last year with the 2019 American Silver Eagle!!!
Daniel, I am new to coin collecting. Please tell me about mint’s stunt at the end of last year with the 2019.
Is this post a sponsored advertisement for NGC? There is no way you can objectively write this article without mentioning PCGS. And I, like most collectors, view NGC and PCGS as equally footed industry leaders.
It seems highly likely that this “news story” was either written by NGC directly or they paid somebody to submit this press release to coinnews.net. Within my industry, press releases are created about my products by certain publications as a reward for placing my advertising with them. This article seems like one of those type of deals!
BrianM –
NGC is the best at authenticating/grading ancient coins for sure. But, statistics don’t lie – last year’s 2019 list of the 25 highest prices realized for coins at public auction around the world show that 20 of the 25 coins were in PCGS holders! And, in most cases, if you take two exact same type coins in the same grade to a dealer or auction & one is in a NGC holder & one is in a PCGS holder, the PCGS slabbed coin will bring a higher price.
NumisdudeTX
It could be that there is not as many silver eagles graded by PCGS as is graded by NGC? and collectors know this.Idon’t buy silver eagles graded unless they have a mint mark.the ones without mint marks go ungraded into my IRA,
Would have been nice and sought after if it actually had the P mint mark.