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2007 W American Eagle Silver Dollar. Uncirculated = Burnished?

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SilverDollarBill's Avatar
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 Posted 10/17/2018  3:07 pm Show Profile   Bookmark this topic Add SilverDollarBill to your friends list Get a Link to this Message Number of Subscribers
I found this coin today. I'm confused on this ...In the list here.. https://www.coincommunity.com/us_silver_eagles/
Shows 2007 AES W as Burnished or Proof.
2007-W-American-Eagle-Silver-Dollar.--Uncirculated-=-Burnished?
2007-W-American-Eagle-Silver-Dollar.--Uncirculated-=-Burnished?
2007-W-American-Eagle-Silver-Dollar.--Uncirculated-=-Burnished?
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jbuck's Avatar
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 Posted 10/17/2018  3:11 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
If I have this straight...

Burnished with mint mark is sold to collectors.

Uncirculated with no mint mark were only sold to distributors as bullion (you had to buy from them, not mint).

Proof with mint mark also sold direct to collectors.
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 Posted 10/17/2018  3:43 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
If I have this straight...

Burnished with mint mark is sold to collectors.

Uncirculated with no mint mark were only sold to distributors as bullion (you had to buy from them, not mint).

Proof with mint mark also sold direct to collectors.


You nailed it. The mint only sells the bullion ones to authorized distributors but the mint mark numismatic versions anyone can buy
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SilverDollarBill's Avatar
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 Posted 10/17/2018  3:45 pm  Show Profile   Bookmark this reply Add SilverDollarBill to your friends list Get a Link to this Reply
This is Uncirculated with a Mint mark of W? Not sure where my mother bought this from. She usually bought from Littleton Coin in NH. If that sheds light.
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 Posted 10/17/2018  3:52 pm  Show Profile   Bookmark this reply Add SilverDollarBill to your friends list Get a Link to this Reply
This is my 2007 Bullion Coin with the West Point mint mark
2007-W-American-Eagle-Silver-Dollar.--Uncirculated-=-Burnished?
2007-W-American-Eagle-Silver-Dollar.--Uncirculated-=-Burnished?
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BigSilver's Avatar
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 Posted 10/17/2018  4:03 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
To clarify - the two coins that you have posted now, the 1st is a burnished and the 2nd is a proof.
There is a 3rd option. It is the regular uncirculated bullion coin. That would not have the mint mark that both of yours have.
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Foxwoods Man's Avatar
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 Posted 10/18/2018  06:24 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
The Mint COA with coin #1 explains all that needs to be known about that burnished ("uncirculated") ASE

As was mentioned previously the 2nd one is a proof.

Bullion ASE's do not have mint marks

Coin #1 sells for between $25-35 raw

Coin #2 for $35-45

Edited by Foxwoods Man
10/18/2018 06:27 am
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BadDog's Avatar
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 Posted 10/18/2018  08:58 am  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
I'm confused on this ...In the list here.. https://www.coincommunity.com/us_silver_eagles/ Shows 2007 AES W as Burnished or Proof.

The Mint doesn't officially call the uncirculated ASEs with W mint mark "burnished", so you won't find a COA indicating the condition as burnished. As you can see on the COA photo you provided, the Mint just calls these coins uncirculated (versus proof, which would be indicated on the COA for the other coin that you posted).

The Mint actually uses burnished (i.e., polished) planchets for striking both the proof and uncirculated ASEs sold directly by the Mint to the public, but not for the bullion ASEs they sell only to bullion dealers. From the Mint's website,
Quote:
The term "uncirculated" refers to the specialized minting process used to create these coins. Although they are similar in appearance to American Eagle Bullion Coins, uncirculated quality coins are distinguished by the presence of a mint mark, indicating their production facility, and by the use of burnished coin blanks, which are hand-fed into specially adapted coining presses one at a time.
and
Quote:
The term "proof" refers to a specialized minting process that begins by manually feeding burnished coin blanks into presses fitted with special dies. Each coin is struck multiple times so the softly frosted, yet detailed images seem to float above a mirror-like field.


What REALLY makes all of this confusing is the recent industry practice of indicating the bullion ASE production facility in (). IMHO, without the actual coin in hand, this can easily be confused as a mintmark indication.

Edited by BadDog
10/18/2018 12:59 pm
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Foxwoods Man's Avatar
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 Posted 10/18/2018  3:49 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
the Mint just calls these coins uncirculated


Yup...I guess to differentiate them from all those circulating ASE's
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Foxwoods Man's Avatar
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 Posted 10/19/2018  08:11 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Like my lucky 2007-W pocket piece?
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jbuck's Avatar
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 Posted 10/19/2018  1:03 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Sure, I say that counts.

To be fair, I was thinking of this one. Also, hcmusicguy has mentioned his finding a 1995 ASE (c. 2014) in many topics.
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SilverDollarBill's Avatar
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 Posted 10/22/2018  11:52 am  Show Profile   Bookmark this reply Add SilverDollarBill to your friends list Get a Link to this Reply
Thanks for the clarification! Much appreciated.
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