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West Point Silver Eagles

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Chewyduck's Avatar
United States
158 Posts
 Posted 06/01/2011  5:46 pm Show Profile   Bookmark this topic Add Chewyduck to your friends list Get a Link to this Message Number of Subscribers
Hello everyone, I just wanted opinions on the Westpoint mint. Aside from the 10,000$ "SUPER EAGLE", Do you think this mint mark will appreciate faster than the regular mints. Meaning in 40-50 year will they collect like a "cc" Morgan? Some are out there and seem reasonably priced. Any feedback would be appreciated.
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biokemist6's Avatar
United States
12437 Posts
 Posted 06/01/2011  5:59 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Since 2001, all Silver Eagles(except for the 2006 reverse proof) have been minted at West Point. Bullion coins do not carry the mintmark but Proofs and the 2006-08 Uncirculated Eagles do have it. I am not sure what "super eagle" you are referring to, I have never seen anything close to a $10k value. If you are talking about the 1995W with a 30k mintage, that is only a $3000 coin. The Uncirculated Eagles did have a decent premium at one time but the run-up in silver spot has all but erased that premium. IMO, the 2006W Uncirculated Eagle would be the only one with a decent potential for appreciation because about half of the total mintage is locked up in 20th Anniversary Sets- only 200,000 were sold individually.
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Chewyduck's Avatar
United States
158 Posts
 Posted 06/01/2011  6:49 pm  Show Profile   Bookmark this reply Add Chewyduck to your friends list Get a Link to this Reply
Thanks Bio, I learn something new everyday. I actually saw the coin in a pawn shop and the guy wanted 9500.00 for it. I though he was crazy.
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biokemist6's Avatar
United States
12437 Posts
 Posted 06/01/2011  7:58 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The 1995W Proof ASE had a mintage of only 30,125 because it was a bonus coin in the 10th Anniversary Gold Eagle set- you had to buy 1oz, 1/2oz, 1/4oz, and 1/10oz Proof Gold Eagles to get that one ounce of silver. The 1995W has actually fallen in value the past few years as have many high value moderns, it was once valued ~$5000.

A couple other Silver Eagles that have a good chance of holding or increasing in value would be the 2006W Reverse Proof(20th Anniversary Set only, many sets broken for the RP) and the 2008W Uncirculated Eagle with the Reverse of 2007. The last one is interesting, the reverse die design was modified in 2008 but a small mintage of Eagles were struck with a 2007 reverse die instead of the new 2008 die.
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Chewyduck's Avatar
United States
158 Posts
 Posted 06/01/2011  8:38 pm  Show Profile   Bookmark this reply Add Chewyduck to your friends list Get a Link to this Reply
I got so much to learn
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Chewyduck's Avatar
United States
158 Posts
 Posted 06/01/2011  8:48 pm  Show Profile   Bookmark this reply Add Chewyduck to your friends list Get a Link to this Reply
ok, I gotta say you guys keep me running to my coin box all the time. I spent 10 minutes looking for the differences in the reverse of the 2008 and 2007, but I did find one difference. It's amazing, I'm really starting to enjoy this!!
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muddler's Avatar
United States
7190 Posts
 Posted 06/01/2011  9:09 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
So would you say the burnished 2006 w is a rarity? I bought the individual coin and then they released the 20Th anniversary set so I had to get that one too. Now I have two proof and two burnished for 2006. I should have bought more anniversary sets!
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Bryan1315's Avatar
United States
14454 Posts
 Posted 06/01/2011  9:30 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
if you want to see the difference between the 2008 and the 2008 with 2007 Reverse here is some good pictures and description of them http://silvereagleguide.com/2008-w-...rse-of-2007/


Quote:
I bought the individual coin and then they released the 20Th anniversary set

I thought it was the other way around. I remember buying the 20th anniversary sets and then them releasing one of the coins in the set which if they hadn't of released it individually there would have been two special coins in the set and remember saying "Oh well, they just killed the premium I thought these 20 sets I ordered was going to have" so I am almost positive the 20th anniversary set came out before they sold the burnished ASE individually
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Chewyduck's Avatar
United States
158 Posts
 Posted 06/01/2011  9:35 pm  Show Profile   Bookmark this reply Add Chewyduck to your friends list Get a Link to this Reply
I don't think it's a rarity and I'd like to afford more proofs but hey, I'll keep trying to get decent deals and hope for some appreciation. It's funny I've got about 1400.00$ in rolled coins in my sons "college can", he keeps bugging me to start going through them, but I'll be dead before we finish. And I told him I had to learn a lot more about coins before I waste my time.
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southsav's Avatar
2223 Posts
 Posted 06/01/2011  9:40 pm  Show Profile   Bookmark this reply Add southsav to your friends list Get a Link to this Reply
The SAE issues fall into 3 general categories, bullion, proof and uncirculated.

There are only 3 on the burnished uncirculated planchet, 06,07, & 08, also known as the W Uncirculated, because they each carry the W mm. The 06 is a little more sought after due to slightly less mintage, but keep all 3. These 3 are all uncirculated versions but were minted at West Point, thus carry the W mm. In 2006 there were 3 planchets used: the normal planchet for bullion SAEs, the uncirculated (burnished) and then the proof.

In 2000 a SAE was minted at West Point, but does not carry the W mm. The only way to get this one was in the 2000 Millennium Set. Only 75,000 sets were minted. It carries a slight premium.

To celebrate the 20th anniversary of the American Silver Eagle program in 2006, the Mint issued a special "Reverse Proof Silver Eagle" coin minted at Philadelphia. This coin was available as part of the 3-coin set which also included the regular proof coin and the new "Burnished Uncirculated" coin.

Google Silver American Eagle and read and read.
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carmykle's Avatar
United States
2448 Posts
 Posted 06/01/2011  9:41 pm  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
I thought I saw it's value down to $3,500 somewhere.
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amassey08873's Avatar
United States
584 Posts
 Posted 06/01/2011  10:46 pm  Show Profile   Bookmark this reply Add amassey08873 to your friends list Get a Link to this Reply
Are all 2008 W Unc, Burnished. I have a MS-70 2008 W that looks burnished to me. But NGC didn't add it to the title. Do NGC, PCGS, use Burnished on labels. I always see people selling Burnished coins but nothing on the label distinguishes it.
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southsav's Avatar
2223 Posts
 Posted 06/02/2011  5:26 pm  Show Profile   Bookmark this reply Add southsav to your friends list Get a Link to this Reply
Yes. You can confirm by finding the W mm on the reverse.

I am not familiar with TPG labeling policy but would suppose they would if paid to. The fact it states 2008 W is MS indicates it is the burnished. I have several of each 69 and 70 none of which have the Burnished title on the labels but all are W mm.
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Freedom's Avatar
United States
526 Posts
 Posted 06/04/2011  08:37 am  Show Profile   Bookmark this reply Add Freedom to your friends list Get a Link to this Reply
The 2009 ASE Proof is a bear to find.



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muddler's Avatar
United States
7190 Posts
 Posted 06/04/2011  4:40 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
That was really disappointing, they so many millions of 2009 bullion ASE's but couldn't make the collector their proofs.
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amassey08873's Avatar
United States
584 Posts
 Posted 06/05/2011  03:40 am  Show Profile   Bookmark this reply Add amassey08873 to your friends list Get a Link to this Reply
Thanks Southsav, I wasn't sure if they produced 2008 W Unc, & 2008 W Unc Burnished, So the people selling the 2008W Unc are burnished. Good Deal, I'll have to send NGC an email. I see a ton of sellers selling Burnished yet theirs no mention of it on the label. I think it would be worth the extra $10-15 to have it marked on label. Then again it does say it with the W mm, Sorry dont mean to talk in circles here. I got it now lol.
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