2016-W 1 oz. Proof American Silver Eagle 30th Anniversary West Point Mint Hoard
2016-W 1 oz. Proof American Silver Eagle 30th Anniversary West Point Mint Hoard PCGS PR70 DCAM Thomas Cleveland Signature
“WESTPOINT MINT HOARD” – SAVED FROM DESTRUCTION!
About this coin
At the end of each year’s production, the U.S. Mint usually collects all of its unsold Silver Eagle Proof coins, removes them from their packaging and melts them down. We say “usually” because in 2019 during an inventory audit, the Mint discovered it had some leftover stock of 2016-W Silver Eagle 30th Anniversary Proof coins. Rather than melt these special coins, the Mint made a surprise move and sold them to a buyer in a closed bid sale.
These coins that escaped the melting pot soon found their way to the leading coin grading services where they have been designated as “The WestPoint Mint hoard”. The rest as they say is history. Simply put, you want them! These coins are the key-date 30th Anniversary Proofs that, for the first time, were struck with a smooth edge. Those first time ever smooth edges have special incused lettering that reads “30th Anniversary.” The WestPoint Mint hoard gives these coins a very desirable and rare provenance not seen since the famed Government Services Administration (GSA) Morgan dollar hoard in 1972!
The announcement that in 2021 the U.S. Mint will be replacing former Chief Engraver John Mercanti’s iconic Heraldic Eagle design that appears on the coin’s reverse, adds even more interest to this unique hoard of key-date 30th Anniversary Silver Eagle Proofs struck at the West Point Mint.
Coins are graded on a 70 –pint scale with 70 being absolute perfection, this coin has a coveted WP hoard designation and is signed by Thomas S. Cleveland, who holds 15 design credits at the U.S. Mint and is one of the most recognized names in the fast growing “Signature Series” rare coin market.
Mint: West Point
Weight: 1 troy oz.