Posted on 02/23/2022 5:23:55 PM PST by SteveH
i am noticing what appear to be multiple 2022 D USA type 2 one ounce gold eagle milled edge defects.
In each coin that I have recently seen, there is one milled edge "tooth" that is entirely missing. It is as if the milled tooth was shaved off. Using a gear analogy, one gear tooth would be missing.
If anyone else is out there and has 2022 USA one ounce gold eagles, I would be curious to learn if they also have a missing milled tooth.
I have never seen such an edge on a coin before, with USA coins or non USA coins.
If the coin dimensions are constant from year to year, then some of the gold seems to have been shaven off from each coin. Considering how valuable gold is, it would not take many shavings in an industrial setting to accumulate some serious money in the form of nearly pure gold.
Hard to believe it got past QC at the mint. If you have one I’d hang on to it. It may be valuable to collectors.
L
The 1 ounce gold and silver bullion coins have a missing reed as an anti-counterfeiting measure. Per the US Mint web site, “The one ounce coin includes anti-counterfeit variable reeding.”
I believe this variable reeding was introduced this year.
Are you talking about the Type II with the so-called Bald Eagle on the back with a beak that is HALF the size it should be so-as to make it intentionally appear WEAK and FEEBLE?
i am under the impression that in the coin world, there are defects and then there are defects.
the first type of defects do not affect intrinsic value. these would include overstrikes, or defective dies, for example.
the second type of defects affect the intrinsic value. this type of defect would include shaving the edges off of coins, making them thinner, and/or diluting the precious metal content of the coin with junk metal.
the first type of defect is usually accidental.
the second type of defect, in history, is usually intentional, and reflects fraud on behalf of the producer.
in the usa, traditionally, iirc, coins go through a strict quality control process. the process is designed to detect any defects.
imho a reduced weight coin, even if the amount reduced is small, would be relatively easy to detect in quality control.
i will just note for convenience here that according to the FAQ, questions are handled by telephone only during normal MST business hours.
https://catalog.usmint.gov/customer-service/faqs/
> The 1 ounce gold and silver bullion coins have a missing reed as an anti-counterfeiting measure. Per the US Mint web site, “The one ounce coin includes anti-counterfeit variable reeding.”
Thanks. I imagine you looked here, under the gold proof page:
https://catalog.usmint.gov/american-eagle-2022-gold-proof-four-coin-set-22EF.html
I am still not quite certain what to make of the variable reeding. Does it shave off gold material, reducing the weight of the coin? If so, they can call it anti-counterfeit variable reeding or whatever they want to call it, but it walks and talks like a dilution of intrinsic value.
(Rome and Greece, here we come?)
This is a deliberate anti-counterfeiting feature of the new coins. It’s hard to take a fake fully-reeded coin, and add just enough metal to the reeding to make one of the grooves perfectly vanish.
Looks like a pigeon!!!
As a point of interest, do the older American Eagle coins have any numismatic value besides the value of their gold weight?
I see US Mint boxed sets of 1987 1oz and 1/2 oz Proof American Eagles listed for $4000+ on Ebay. This price seems far above the current price of gold.
> This is a deliberate anti-counterfeiting feature of the new coins. It’s hard to take a fake fully-reeded coin, and add just enough metal to the reeding to make one of the grooves perfectly vanish.
OK, I am seeing a US Mint web page showing a silver one ounce coin that seems to have a similar feature. (So, maybe it could be a false alarm as far as the chiseling concern goes.) Thanks.
Have you weighed it, if so it is light?
Interesting to me that the government mints coins that have a face value 3800% less than the intrinsic value of the coin. I wish they would actually make money again like they are supposed to under our constitutions.
I know some years have lower mintages than others; I recall years ago when I followed this that one year’s silver eagles were worth more than the preceding and following years.
Are you sure it’s not 10% for the big guy?
P.S. Every one of the new coins is supposed to have the missing gap. Check several coins - they should all have.
If you find one that lacks the feature, i.e. has normal reeding, it might be really valuable.
It’s 1 reed for the retard.
Put it on a scale and find out!
It is a new security feature. End of story.
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