The U.S. Mint recently announced that they will be producing the Silver Eagles bullion coins at the San Francisco mint as well as the West Point Mint this year. Their goal is to assist with meeting the extraordinary demand and take some of the pressure off of the West Point facility. Being that these coins will not bear an identifiable mint mark to differ them from those produced at the ‘W’ Mint, collectors are wondering how this release is going to develop.
The Mint has stated that they will only be shipping these coins to authorized purchasers in bulk packaging that identifies their origination. No figure as to how many ‘S’ coins will be produced.
NGC First to Announce an ‘S’ Label to Distinguish San Francisco Issues. Collectible Opportunity?
Since the ‘S’ Mint issues are only being sold to authorized purchasers, NGC is limited to only grading coins from bulk submissions still sealed in original packaging. Based on collector inquiries and overall coverage of this release, we feel this coin will be worth collecting. After all, this is the first time in the 26 year history of the Silver Eagle program for this to happen. Only time will tell, but when coins are struck at a different mint, sometimes there tends to be a slightly different strike or final product. Any visible distinguishing factors would give this issue a boost in collectible appeal.
The best Silver Eagle coin release this year is still expected to be the ‘W’ Burnished Die. After a two year lapse in production, these low mintage numismatic issues are certain to be highly demanded and sell out quick.