NGC Certifies Special Releases from US Mint Reserves with 2020 West Point Mint Hoard Attribution
Posted on 6/30/2020
Numismatic Guaranty Corporation® (NGC®) is excited to announce that it is certifying a stockpile of backdated gold and silver coins that were specially released by the US Mint in May. The hoard includes 2016 and 2017-dated American Silver Eagles, American Gold Eagles, First Spouse gold coins and silver medals.
It is unusual for the US Mint to offer coins for sale several years after they were originally struck. In May, however, the US Mint sold tens of thousands of gold and silver coins from its reserves to bulk buyers.
At the time, much of the nation’s economy had ground to a halt due to restrictions surrounding the COVID-19 pandemic, and demand for precious metals soared. The US Mint responded with this almost unprecedented sale of backdated coins.
The coins include desirable issues, such as the 2016-W 30th Anniversary 1-Ounce Proof Silver Eagle, the 2017-W 1-Ounce Proof Silver Eagle, 225th Anniversary American Liberty Silver medals and First Spouse 1/2-Ounce $10 Gold coins. The majority of the coins in this special release have already been submitted to NGC for certification. To mark their unusual status, NGC is attributing them with designations including 2020 West Point Mint Hoard.
|The 2017 Proof Silver Eagle, a 2016 Betty Ford $10 Gold coin and the 225th Anniversary Liberty Silver Set.Click images to enlarge.|
For many collectors, the Silver Eagles will be the highlight of this special release. Silver Eagles, which celebrate their 35th anniversary next year, are extremely popular with both collectors and investors. NGC has certified nearly 11 million of the one ounce silver coins according to the NGC Census.
As the effects of the coronavirus continue to be felt across the country and world, many people continue to move towards the relative safety of gold and silver. Mints and coin dealers have struggled to keep up with demand, making the sale of coins from this special release a boon for collectors and investors who are eager to expand their portfolios.
NGC-certified coins with the 2020 West Point Mint Hoard designation are available exclusively from Rare Collectibles TV and other retailers.
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