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PCGS certifies Regular-Strike-Quarter-Ounce 2021 American Gold Eagles with mint mark “W”

Now PCGS certified, this is one of the regular Type 2 reverse quarter-ounce American Gold Eagle bullion coins that were mistakenly minted with a proof die on the face and found in the discovery roll of Gerald Medel of Lakeside Coins. (Photo credit: Professional Coin Valuation Service). Move the mouse pointer to zoom.

Submitted by GreatCollections, the Type 2 Reverse West Point mintmarked investment coins were found by Gerald Medel and are now classified as unfinished proofs

(Santa Ana, Calif.) October 26, 2021 – The Professional Coin Grading Service (PCGS) has authenticated and certified 61 regularly issued reverse quarter-ounce Type 2 American Gold Eagle bullion coins that are incorrectly marked with a West Point “W” coin mark the front are provided with the die.

The coins discovered by Gerald Medel of Lakeside Coins in San Diego, California were submitted to PCGS on his behalf by Ian Russell, President of GreatCollections Coin Auctions in Irvine, California. PCGS has classified the coins as unfinished proofs and some of the coins are now being auctioned by GreatCollections.

“These discovery coins show how full of surprises our industry can be. As we eagerly await the details of how these coins will be made, the exciting discovery during a live Instagram auction underscores the adaptation of our hobby to social media and underscores the rapid growth of the numismatic market over the past two years, “said PCGS President Stephanie Sabin. “We are proud to have more groundbreaking coins with PCGS holders and there will still be plenty of time in 2021 for more of the latest PCGS news.”

“This is an impressive discovery at a time when the United States Mint is striving for perfection. Errors on gold coins are always rare and attract a lot of interest. We are grateful to Gerald for entrusting us with the first coins he discovered, ”said Russell.

This photo, provided by GreatCollections Coin Auctions, shows a close-up of the West Point mintmark on one of the regular Type 2 Reverse Quarter Ounce American Gold Eagle investment coins that have been incorrectly minted with a proof stamp on the obverse.

GreatCollections is offering the first 10 defect coins in an auction without reservation. Bidding for five of the coins will end on Sunday, October 31, and bidding for the other five will end one week later on Sunday, November 7, 2021.

“It appears that some of the non-proof bullion coins sold through the Mint’s Authorized Purchaser Program were made using a ‘W’ proof stamp,” Russell said. “Something similar happened in 1999 when American Eagle gold coins valued at US $ 5 and US $ 10 were mistakenly minted with the mint mark“ W ”. These examples are in great demand today. “

The first 2021-W quarter-ounce American Eagle Unfinished Proof coin was discovered by Medel in late September when he was live on his Instagram account for Lakeside Coins while opening a roll of 2021-quarter-ounce American Eagles in the new reverse design. When he saw the mintmark, he was silent and put the coin aside.

“All 40 coins on the roll had the West Point mintmark! The next day I started researching and found another 21 coins over the next three and a half weeks, making 61 total, while searching thousands of coins, ”recalls Medel.

“I’ve known Ian since he launched GreatCollections in 2011 and I contacted him to submit the coins to PCGS. I was so excited about the discovery, my wife and our three children accompanied me from San Diego to Irvine when I handed the coins to Ian, ”said Medel.

The first 40 coins of the mint mark “W” that were found together in one roll are identified by PCGS as the pedigree of the “discovery roll”.

Steve Feltner, PCGS director of numismatic education and head of the grading team, recalled the surprise he felt when he first saw the coins.

“When Ian Russell and PCGS President Stephanie Sabin showed me a few sets of raw gold coins, Ian first presented me with a Standard Business Strike 2021 Type 2 Quarter Ounce American Gold Eagle and then one in Proof. I was wondering where this was going as these two coins are very common. I immediately started to think that the reason for the visit might be a cool, repetitive “crossed out” mistake or even a newly discovered “mule”. My head was racing, ”said Feltner.

“Then Ian handed me another business strike and smiled knowingly. My eyes automatically caught the mintmark “W” and knew he was on to something. After a few seconds of processing, we began discussing the discovery; a group of American Gold Eagles who were beaten with unfinished proof matrices! “

For more information, contact GreatCollections at 949-679-4180 or visit online.

Via the professional coin grading service

Professional Coin Grading Service (PCGS) is an independent company founded in 1986 for the grading of coins and banknotes. In 35 years, PCGS has more than 47 million US and world coins, medals and tokens with a total value of. audited and certified over $ 46 billion. For more information on PCGS products and services, including submitting your coins for authentication and rating, please click here or call PCGS Customer Service at (800) 447-8848.

About GreatCollections

Big collections is a certified coin and banknote auction house that handles transactions from start to finish. Since its inception in 2010 Big collections has successfully auctioned over 950,000 certified coins making it one of the leading certified coin manufacturers in the United States. Ian Russell, owner / president of Big collections, is a member of the renowned Professional Numismatists Guild and a member of the National Auctioneers Association. For more information, click here or call (800) 442-6467.

Press release courtesy of Professional Coin Grading Service and GreatCollections.

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