Underrated American Silver Eagles


Underrated American Silver Eagles

By Jack McNamara for CoinWeek ……
 

On October 29, 1986, the primary American Silver Eagle (ASE) was struck on the United States Mint and coin accumulating was ceaselessly modified. President Ronald Reagan licensed the creation of the American Silver Eagle with the Liberty Coin Act (PDF hyperlink), which allowed the U.S. Mint to make the most of the Nationwide Protection Stockpile to subject silver coinage thus minting these cash to People in .999 superb silver.

Whereas the American Silver Eagle sequence was seen strictly as a bullion coin sequence at its onset, the notion of the long-lasting sequence has modified in recent times. Over time, this sequence has flourished and is extensively accepted for its magnificence, historical past, and numismatic worth.

That is most obvious when wanting on the pricing of cash by the years.

Initially, in 1986, Proof American Silver Eagles have been bought for $21 on the US Mint. Most just lately, this worth has elevated to $73 in 2022. These costs, nonetheless, are for cash which can be ungraded and provide no assure for his or her situation. Costs enhance when a coin is graded by a third-party grading service – particularly when it’s preserved in good Proof 70 Extremely Cameo situation.

When taking a look at a full set of cash graded in good situation by one of many main third-party grading companies–Numismatic Warranty Company (NGC) or Skilled Coin Grading Service (PCGS)–a full set of Proof ASEs can price between $10,000 and $20,000! Upon inspection of the Mint State sequence, that is much more obvious, with full units of Mint State 70 cash bringing near $70,000 now!

However accumulating a set of beautiful American Silver Eagles doesn’t have to price tens of hundreds of {dollars}. Over time, a number of particular points have been struck, however they usually go beneath the radar of collectors. To shed some gentle on these iconic and underrated cash, I’ve put collectively this listing of American Silver Eagles you could have missed by the years however are nonetheless obtainable by collectors at present.

2001-W Proof

Whereas the primary West Level Mint American Silver Eagle was technically the 1995-W, it wasn’t till 2001 that West Level began producing annual ASE points. Because the 1995-W is so troublesome to accumulate, the 2001-W is a superb instance as the primary annual subject of the W mint mark sequence. First-year and last-year points are normally extra fascinating to collectors over time and this first-year coin is out there.

2006-W Burnished

Underrated American Silver Eagles

Struck for the twentieth anniversary of the American Silver Eagle, the 2006-W Burnished ASE was a gamechanger for the sequence. As the primary Burnished American Silver Eagle, the 2006-W launched a brand new end to collectors. Silver Eagles are sometimes struck both as bullion points or Proof points, however the Burnished sequence strikes a steadiness between each. The planchets of Burnished ASEs have been polished previous to hanging, giving them a singular satiny end in contrast to commonplace American Silver Eagles, however they aren’t struck a number of instances like Proofs. The Burnished points bear a mint mark, which is the obvious distinction from the Uncirculated or bullion points.

Recognized for having a lot decrease mintages than their commonplace counterparts, Burnished ASEs have produced among the lowest mintages–together with the 2006-W Burnished ASE, with solely 468,020 examples struck.

2011-S Burnished

Persevering with the burnished American Silver Eagle pattern, 2011 marked the primary 12 months {that a} Burnished ASE was struck on the San Francisco Mint. With solely 99,882 examples struck, the 2011-S Burnished ASE has the bottom Burnished mintage of the ASE sequence.

2012-S Reverse Proof

When the primary Reverse Proof American Silver Eagle was launched in 2006, it was seen as a one-off hanging. Then, 5 years later, the second Reverse Proof subject was minted, creating a brand new sensation. Nevertheless it wasn’t till 2012 that the primary and solely Reverse Proof ASE was struck on the San Francisco Mint. Launched in a set with a 2012-S Proof to honor the seventy fifth Anniversary of the present San Francisco Mint, and with a mintage of solely 224,981, this coin rapidly grew to become a sleeper hit with followers of the Golden Gate Metropolis.

2016-W Proof and 2016-W Burnished

In a surprising show of numismatic design, the 2016-W Proof and Burnished points featured a lettered edge design which reads, “thirtieth ANNIVERSARY”. Whereas the 2016-W proof has an extremely minuscule mintage of solely 651,467 examples, the Burnished selection as soon as once more has a decrease quantity with simply 237,753 examples. Whereas the thirtieth Anniversary 2016-W Proof and Burnished points can hardly be known as “underrated”, the primary American Silver Eagle points to showcase the lettered edge design will not be ones to be forgotten.

2019-S Enhanced Reverse Proof

In 2019, the U.S. Mint launched an American Silver Eagle with a decrease mintage than even the important thing date 1995-W ASE.

With solely 29,909 examples struck, the 2019-S Enhanced Reverse Proof American Silver Eagle is now absolutely the rarest ASE. The improved reverse end highlights sure components of the design, such because the folds in Woman Liberty’s costume, which isn’t potential with an ordinary Proof end. These superior finishes are solely potential on account of fashionable computer-guided laser strategies bringing out nuances of the unique design.

2019-W Enhanced Reverse Proof

 

Underrated American Silver Eagles

The 2019-W Enhanced Reverse Proof ASE reveals the identical end because the 2019-S, nonetheless, it shows a W mintmark and has a better mintage at 99,675 cash. Though that is 3 times as excessive as its 2019-S counterpart, it’s nonetheless an general very low mintage for the sequence. As such it’s a nice, extra inexpensive various to the 2019-S. This distinctive coin was bought as a part of the restricted manufacturing Pleasure of Two Nations set, which is the primary collaborative effort between the US Mint and the Royal Canadian Mint.

2020-(S) Uncirculated Emergency Manufacturing

Uncirculated American Silver Eagles are struck with no mint mark, which means that nobody can be unable to inform from which department mint it was struck at with out extra data. Since 2011, the San Francisco Mint has joined the West Level Mint in hanging quite a lot of Uncirculated ASEs. Starting in 2001, the West Level Mint took over accountability for the manufacturing of a majority of the American Silver Eagle sequence.

To maintain up with demand for the ASE in the course of the ongoing pandemic, the mintage of 2020 American Silver Eagles had been cut up between the West Level, San Francisco, and Philadelphia Mints. With just one million cash struck at San Francisco, these 2020-(S) Emergency Manufacturing ASEs are true numismatic rarities. Grading companies solely place these unique ASEs within the “Emergency Manufacturing” holders if the serial numbers on the “monster” packing containers point out they’re from the San Francisco Mint.

2020-W WWII seventy fifth Anniversary with “V75” Privy Mark

Underrated American Silver Eagles

In a primary for the American Silver Eagle sequence, a minuscule 75,000 Proof examples have been struck final 12 months with the “V75” privy mark. Designed to honor the seventy fifth anniversary of the tip of World Warfare II, the privy mark was an immediate hit with collectors. A privy mark is a small addition to an already current design that marks it as particular and new. Whereas this subject was extremely fashionable, as the primary American Silver Eagle with a privy mark it shouldn’t be forgotten as time goes on.

2021-W Kind 2

For the primary time in the whole ASE sequence, the reverse of the coin includes a new design from acclaimed numismatic artist Emily Damstra. This new design, often called the 2021 Kind 2 reverse, depicts an American eagle with flared wings and an oak department in its talons as if returning to fortify its nest. As America’s nationwide tree and a common image of power, the oak department on this depiction represents a reinforcement of American values by the strengthening of the house.

Future design modifications for the American Silver Eagle are unknown however it’s seemingly this extraordinarily fashionable, new Touchdown Eagle design will proceed to be struck for many years to come back. With developments to mint know-how quickly altering and new artists becoming a member of the U.S. Mint daily, who is aware of what upcoming ASE points will appear like and what different underrated ASEs we might even see sooner or later?

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A 3rd-generation skilled numismatist, Jack McNamara is a co-founder of Uncommon Collectibles TV in Torrance, California and co-author of a brand new coin accumulating reference e-book, 2021 Numismatic Corridor of Fame.
 



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