![]() Some products by law cannot be offered after the end of the calendar year - primarily commemorative coins.Silver coins have great weight and volume for your investment dollars, which may present a storage challenge. Mint has been holding this unsold product in vaults, primarily at the West Point Mint where the bulk of the unsold items were struck. Sales of the previous year’s coins, such as Proof gold and silver American Eagles, often end as soon as the incoming year’s issues are released. Mint has offered continued sales of annual numismatic products in precious metals into the following calendar year. has been grading and encapsulating thousands of the previously unsold Mint products with a grading label indicating “West Point Hoard.” Mint protocol The sales also included 16,586 of the 1792–2017 225th Anniversary four-piece silver medal set featuring examples struck with different finishes at the West Point, Denver, San Francisco and Philadelphia Mints. Mint also offered Uncirculated 2016-W and 2018-W American Eagle silver dollars Proof 2016-W, 2017-W and 2018-W American Eagle gold coins Proof 2018-W American Buffalo gold coins and Uncirculated 2016-W Betty Ford, First Spouse gold coins. The numismatic product with the highest number of previously unsold pieces that were sold by auction was the 30th Anniversary Proof 2016-W American Eagle silver dollar with 192,607 coins, followed by the Proof 2017-W American Eagle silver dollar with 151,447. Mint offered to the select bulk dealers and how many of each product were sold.ĪMERICAN EAGLE 2016 ONE OUNCE SILVER PROOF COINĪMERICAN EAGLE 2016 ONE OUNCE GOLD PROOF COINĪMERICAN EAGLE 2016 ONE-HALF OUNCE GOLD PROOF COINĪMERICAN EAGLE 2016 ONE OUNCE SILVER UNCIRCULATED COINĪMERICAN EAGLE 2016 ONE OUNCE PLATINUM PROOF COINīETTY FORD 2016 FIRST SPOUSE SERIES ONE-HALF OUNCE GOLD UNC.ĪMERICAN EAGLE 2017 ONE OUNCE SILVER PROOF COINĪMERICAN EAGLE 2017 ONE OUNCE GOLD PROOF COINĪMERICAN EAGLE 2017 ONE-HALF OUNCE GOLD PROOF COINĪMERICAN EAGLE 2017 ONE-QUARTER OUNCE GOLD PROOF COINĪMERICAN LIBERTY 225TH ANNIVERSARY SILVER FOUR-MEDAL SETĪMERICAN EAGLE 2018 ONE-HALF OUNCE GOLD PROOF COINĪMERICAN EAGLE 2018 ONE-QUARTER OUNCE GOLD PROOF COINĪMERICAN EAGLE 2018 ONE-TENTH OUNCE GOLD PROOF COINĪMERICAN EAGLE 2018 ONE OUNCE SILVER UNCIRCULATED COINĪMERICAN BUFFALO 2018 ONE OUNCE GOLD PROOF COINĪMERICAN EAGLE 2018 ONE OUNCE SILVER PROOF COIN The accompanying table illustrates the products the U.S. However, based on remaining inventories and when current and future products are removed from sale, the Mint may choose to use this mechanism again in the future.” “At this point, the Mint has identified no additional excess inventory suitable for this kind of auction. In this case, by specifying a minimum bid above the metal value, the Mint guaranteed that the net benefit would be higher than the metal value. When the Mint melts coins, we pay a charge for the service, so the net benefit to the Mint is less than the metal value of the coins. “These coins were sold via an auction mechanism because this resulted in a higher return for the Mint. ![]() Minimum bids for each of these products were set at a premium over spot price for the metal contained in the product. Mint spokesman Michael White, “The United States Mint made some 2016, 2017, and 2018 products available to select bulk dealers on an auction basis. According to a statement provided July 2 to Coin World by U.S.
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