The 2006-W American Silver Eagle Burnished coin represents an important milestone in the American Silver Eagle program. As the first burnished finish Silver Eagle ever produced by the U.S. Mint, this coin is a must-have for collectors. Its unique production process and low mintage distinguish it from standard bullion and proof versions, making it a fascinating piece of numismatic history.
Historical Background
The American Silver Eagle program was launched in 1986 and quickly became one of the most popular bullion coin series in the world. For two decades, the series offered only two versions: a bullion strike for investors and a proof strike for collectors. However, in 2006, to celebrate the 20th anniversary of the program, the U.S. Mint introduced a third version: the burnished Silver Eagle.
The burnished coin is struck with a special finish that gives it a matte appearance, offering a subtle yet elegant alternative to the reflective proof and brilliant bullion coins. These coins are minted at the West Point Mint and bear the “W” mintmark, signifying their origin. The introduction of the burnished finish added a new layer of depth to the Silver Eagle series, providing collectors with another format to pursue.
Design and Specifications
Like other Silver Eagles, the 2006-W Burnished coin retains the iconic design:
- Obverse: The obverse features Adolph A. Weinman’s timeless Walking Liberty design, originally used on the half dollar from 1916 to 1947. Lady Liberty strides confidently toward the sunrise, draped in the American flag, symbolizing hope and freedom. The inscriptions “LIBERTY,” “IN GOD WE TRUST,” and the year “2006” appear on the obverse.
- Reverse: The reverse, designed by John Mercanti, displays a heraldic eagle clutching an olive branch and arrows, symbolizing peace and strength. Above the eagle is a banner with the motto “E PLURIBUS UNUM,” and the inscriptions “UNITED STATES OF AMERICA,” “1 OZ. FINE SILVER,” and “ONE DOLLAR” encircle the design.
The coin is struck in .999 fine silver, weighs 31.103 grams, and has a diameter of 40.6 millimeters. Its distinguishing feature is the burnished finish, achieved by polishing the planchets (blanks) before striking.
Rarity and Value
The 2006-W Burnished Silver Eagle had a relatively low mintage of 468,020 coins, making it much scarcer than the bullion and proof versions of the same year. Its limited availability and first-year status contribute to its desirability among collectors.
Prices for the 2006-W Burnished Silver Eagle vary based on condition and certification. Uncertified examples typically sell for $60 to $100, while coins graded MS69 or MS70 by PCGS or NGC can command premiums ranging from $125 to over $300. First Strike or Early Release designations may add further value for those seeking top-tier collectibles.
Collecting Tips
When collecting the 2006-W Burnished Silver Eagle, focus on coins in high grades, such as MS69 or MS70. Look for examples certified by reputable grading services like PCGS or NGC to ensure authenticity and quality.
To preserve the coin’s burnished finish, store it in a protective capsule or holder. Avoid handling the coin directly to prevent scratches or fingerprints, which can reduce its value.
Conclusion
The 2006-W American Silver Eagle Burnished coin is a landmark in the history of the Silver Eagle series. As the first burnished coin in the program, it represents innovation and refinement in U.S. Mint craftsmanship. Its combination of beauty, rarity, and historical significance makes it a cherished piece for both seasoned numismatists and new collectors alike.
FAQs
1. What is the difference between a burnished Silver Eagle and a regular bullion coin?
Burnished Silver Eagles are struck on specially polished planchets, giving them a matte finish, and they bear the “W” mintmark. Regular bullion coins do not have a mintmark and feature a brilliant finish.
2. How much is a 2006-W Burnished Silver Eagle worth?
Uncertified examples typically sell for $60 to $100. Graded coins in MS69 or MS70 can command $125 to over $300, with additional premiums for First Strike or Early Release designations.
3. How should I store my 2006-W Burnished Silver Eagle?
Store the coin in a protective capsule or holder to preserve its burnished finish. Avoid direct handling to prevent scratches or fingerprints, which can reduce its value.