2016 W American Silver Eagle Bullion Coins : Bullion (No Mint Mark)

What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc.):

Philadelphia and San Francisco and West Point Mint all produced 2016 bullion silver eagles (without mint mark). The combined mintage figure for all Mints are 37701500. The last known mintage figure in 2017 for Philadelphia was only 1151500 - making them rarest. San Francisco had a mintage of 4650000 - also making them rarer.

Background: Due to strong demand for bullion Silver Eagles - the US Mint began minting these in San Francisco in 2011 to help supplement production and keep up with demand. People knew about them being minted in San Francisco because the Mint used to provide this information on the packaging. However in 2014 - they removed this information from their packaging. Because bullion silver eagles never have mint marks struck on their coins - it was impossible to determine which mint was producing the coins.

NGC began to notice small differences in the quality of the coins - particularly the West Point coins being of higher quality. West Point silver eagle coins are placed into tubes by robots - while Philadelphia and San Francisco coins are put in tubes manually. NGC also noticed differences in the serial number codes on the 500-coin "monster boxes" that silver eagles are distributed in. Due to a Freedom of Information Act request - the Mint released Mint identification information based on these serial numbers:

West Point - 2014-2017: Contains a 6 digit serial code starting with "1" - "2" or "3" - or a 5-digit code with a WP prefix.

Philadelphia:
2015: Contains 5-digit code staring with "1".
2016-2017: Contains 6 digit code starting with "5".

San Francisco:
2014: Contains red-colored strap on monster box.
2016-2017: Contains 6 digit code starting with "4".

Coin Value Chart: Typical Coin Prices, Values and Worth in USD based on Grade/Condition

Good (G-4)	Very Good (VG-8)	Fine (F-12)	Very Fine (VF-20)	Extremely Fine (EF-40)	About Uncirculated (AU-50)	Uncirculated (MS-60)	Uncirculated (MS-65)	Proof (PR-65)
-	-	-	-	-	-	-	$63	-

USA Coin Book Estimated Value of 2016-W American Silver Eagle (Bullion (No Mint Mark) Variety) is Worth $63 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. The Melt Value shown below is how Valuable the Coin's Metal is Worth (bare minimum value of coin). Click here to see the Melt Value of every US Coin.


MELT VALUE: $29.93