EMERGENCY! EMERGENCY!

An unexpected modern rarity has emerged as a result of the impact of the coronavirus pandemic on production of the United States Mint’s flagship silver bullion coin series, the American Silver Eagle.

Most production of American Silver Eagle bullion coins is done at the U.S. Mint’s West Point Mint.

According to documentation from the Mint, 2020 Philadelphia Mint American Silver Eagles coins were struck between April 8 and 20.

Demand for American Silver Eagle coins has exploded during the pandemic as investors have flocked to Silver Eagles. Safe haven demand from the massive economic dislocation caused by COVID-19 has made Silver Eagle prices rise.

The 2020(P) Silver Eagle coins were made at the Philadelphia Mint. NGC and PCGS are printing “Emergency Release” and “Emergency Issue,” respectively, on their certification labels.

It has been determined that 240,000 2020(P) Silver Eagles were struck at the Philadelphia Mint.

Eligible coins will be identified by NGC 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) Struck at Philadelphia Mint Silver Eagle is the second-rarest issue in the 34-year history of the bullion American Silver Eagle series. Coins identified with the “2020(P) Struck at Philadelphia Mint, Emergency Production” attribution will be listed separately in the NGC Census.

The rarest American Silver Eagle is the “2015(P) Struck at the Philadelphia Mint Silver Eagle,” which has a mintage of 79,640. That coin has recently sold in examples graded MS69 in the $500-600 range on eBay if graded by NGC or PCGS and for several thousand dollars or more if graded by the same companies in MS70. BUY TODAY AS SUPPLIES ARE LIMITED!