NGC Certifies Majority of Emergency Production 2020(P) Silver Eagles

Numismatic Guaranty Corporation® (NGC®) 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 United States 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 a leader in third-party certification of Silver Eagles. NGC recently became the first third-party grading service to certify more than 10 million Silver Eagle coins.

“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.
 

2 COMMENTS

  1. So let me get this right, we’re now looking to assign weight to which of the grading services graded the most coins in this issue? Maybe there is something to that – I’ve heard some over the top statements along those lines from the service that begins with a vowel.

    Under the heading of big statements, isn’t it bad enough that we’ve coopted the ‘1st Day of Issue’ tag from our stamp collecting friends? How about trying to convince us that the color of the plastic insert inside the slab enhances the value of the coin we’re buying!?! And then there’s the notion of acquiring additions to our collections under the heading of the finest ever… Tread lightly; you’ll not find the same post-transaction qualitative support as we receive from our friends at the grading services.

    All of the aforementioned shortcomings can make an important first impression on any newcomers to our fantastic hobby. If any of them are taken in by these or any similar failures or actions, shame on us! There’s no room for snake oil salesmen in an activity that I got started in pulling silver coins out of my paper route collections back in the late 60s. I’m proud of most of the people I’ve met during my 50+ years involved in this pastime.

  2. “Emergency Production”? The US Mint is supposed to strike Eagles to meet demand. Normally, these would sell for $23 each, but with the magic of a special label they are selling for ten times that amount! That looks to me like the Mint needs to change the way that only a special few have access to purchasing. NGC seems proud to have graded these but they should have refused the job in my opinion. I wonder who it was that managed to buy the “majority” of these “special” coins? I’m betting it was a big company in Sarasota that seems to be able to pull everyone’s strings (bar none), but that’s strictly speculation. I collect silver Eagles but this coin doesn’t have any special value to me. In fact, a principled stand would be to not buy one.

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