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!

Newspapers in English

Newspapers from United States