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Price Set to Fall?
September 23, 2011

Yesterday wasn’t pretty on the world’s financial markets. Who isn’t a little worried about today?

After seeing the Dow Jones Industrial Average drop 391 points, gold $66 and silver nearly $4, or roughly 10 percent, it is no wonder we all feel a little skittish today.

What will I do?

I think I will change the subject.

When I was checking pages yesterday for the weekly Numismatic News edition, I saw an ad that offered for sale examples of the 2011 silver American Eagles that were struck at San Francisco but do not have the San Francisco mintmark on them. They are in a slab that identifies the “S” mint as the source.

The price was pretty high, though the grade was equally high at MS-70.

What will collectors five or 10 years from now make of these?

This question is complicated by the fact that the Mint will soon issue a special 25th anniversary set of American Eagles that will include a real, live 2011-S coin.

Will the pending release of a San Francisco American Eagle with the mintmark end up stomping all over the coins that are from San Francisco but have no mintmark?

That’s the question I would be asking if I owned one of the mintmarkless pieces.

The answer, my gut tells me, is they will.

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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