The 2008-W Burnished American Silver Eagle is a standout piece in the American Silver Eagle series, renowned for its beauty, rarity, and investment potential. With its striking satin finish and limited mintage, this coin has become a highly sought-after collector’s item. Let’s delve into its history, specifications, and what makes it an essential addition to any numismatics collection.
The Introduction of Burnished Silver Eagles
The Burnished American Silver Eagles were first introduced by the U.S. Mint in 2006 to celebrate the 20th anniversary of the American Silver Eagle series. These coins are distinguished from standard bullion and proof versions by their matte, satin-like finish and the presence of the “W” mintmark, denoting production at the West Point Mint. The burnished coins are struck on specially treated blanks, giving them a unique appearance that appeals to collectors.
The 2008-W Burnished Silver Eagle was part of the third year of this series and became especially notable for an unintentional variety discovered by collectors, adding to its mystique and value.
Specifications
The 2008-W Burnished Silver Eagle follows the same technical specifications as other coins in the series:
- Composition: 99.9% pure silver
- Weight: 1 troy ounce
- Diameter: 40.6 mm
- Thickness: 2.98 mm
- Face Value: $1 (though its intrinsic and collectible value far exceeds this)
- Mintmark: “W” for West Point
Adolph A. Weinman’s iconic Walking Liberty design graces the obverse, while John Mercanti’s heraldic eagle is featured on the reverse.
The 2008-W Reverse of 2007 Variety
What sets the 2008-W Burnished Silver Eagle apart is the discovery of a rare variety known as the “Reverse of 2007.” Due to a minting error, some coins were struck using reverse dies from the previous year. This variety features subtle design differences in the lettering and tail feathers of the eagle. The “Reverse of 2007” variety is incredibly rare, with only an estimated 47,000 pieces struck, making it a treasure for collectors.
Mintage and Rarity
The total mintage for the 2008-W Burnished Silver Eagle was 533,757, making it relatively limited compared to standard bullion coins. However, the “Reverse of 2007” variety’s low mintage adds an additional layer of rarity.
Why Collect the 2008-W Burnished Silver Eagle?
Collectors value the 2008-W Burnished Silver Eagle for several reasons:
- Unique Finish: The burnished, satin-like appearance makes it visually distinct from other Silver Eagles.
- Limited Mintage: Compared to regular bullion versions, the burnished coins are scarcer, increasing their desirability.
- The Reverse of 2007 Variety: This variety commands a premium due to its rarity and the story behind the error.
Tips for Collectors
- Authentication: To ensure authenticity and verify whether a coin is the “Reverse of 2007” variety, buy graded coins from reputable third-party grading services like PCGS or NGC.
- Storage: Proper storage is essential to preserve the satin finish. Keep the coin in its original packaging or a high-quality airtight holder.
- Market Trends: Monitor the market for Silver Eagle coins, as the price of silver and collector demand can significantly impact value.
Conclusion
The 2008-W Burnished American Silver Eagle stands out as a masterpiece in the American Silver Eagle series. Its stunning design, limited mintage, and the allure of the “Reverse of 2007” variety make it a must-have for collectors and investors alike. Whether you’re drawn by its artistic beauty, historical significance, or investment potential, this coin is a valuable addition to any collection.
FAQs
What is the “Reverse of 2007” variety of the 2008-W Burnished Silver Eagle?
The “Reverse of 2007” variety is a unique version of the 2008-W Burnished Silver Eagle that was struck with reverse dies from the previous year (2007).
How do I identify a 2008-W Burnished Silver Eagle?
You can identify the 2008-W Burnished Silver Eagle by its satin-like finish, which differs from the regular proof version that has a mirrored surface.
Why is the 2008-W Burnished Silver Eagle so valuable to collectors?
The 2008-W Burnished Silver Eagle is valuable due to its limited mintage, estimated at just 533,757 coins, and its unique satin finish.