Due to the Pandemic limiting production capacity, the West Point Mint could not keep up with demand. To meet demand, the Philadelphia Mint stepped up to the plate to continue the production of Silver Eagles. Only a measly 500,000 coins are to be struck at the Philadelphia Mint during this time, which is way less than the tens of millions minted each year at West Point. PCGS certified each of these coins in perfect grade MS70 First Strike and has designated them to be one of the few coins struck at the Philadelphia Mint by putting a (P) on the label. The coin has no P mintmark, so only holdered Silver Eagles with special serial numbers assigned by the Philadelphia Mint will ever bear the (P) designation.
Own an incredibly important piece of history today! With only 500,000 minted, this coin one of the lowest mintage Bullion Strike Silver Eagles ever! It might be compared it to the 2015 (P) Silver Eagle which today is worth thousands of dollars in MS70 condition! PCGS even took things one step further and put "T1" on the certification label! The design of the Silver Eagle is changing in 2021, so this original design will be considered the last of the Type 1 Silver Eagles!
- Low mintage
- Issued due to the COVID-19 Pandemic
- Struck at the Philadelphia Mint
- Type 1 design