The 2008-W $1 Burnished Silver Eagle Reverse of 2007 is a unique and highly valuable coin that captures the attention of numismatists and collectors alike. This coin is a fascinating example of how design transitions at the U.S. Mint, combined with an unintentional error, led to a rare variety that is highly sought after. Below, we will explore the details behind this special coin, its distinguishing features, and why it has become such a prized find.
The Coin’s Background and Design Transition
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While the 2008-W Burnished Silver Eagle was released in 2008, the coin’s reverse design was actually from 2007. This discrepancy occurred due to a change in design that took place at the U.S. Mint in 2007. Originally, the Mint had planned to use a reverse design for the Silver Eagle that had been used since 1986. However, before production started for the 2008 series, the Mint decided to modify the reverse design of the coin.
This new reverse design was intended for all upcoming Silver Eagles, including Proof and Uncirculated coins. However, during the transition from the old reverse to the new one, some 2008-W Burnished Silver Eagles were mistakenly struck with the older reverse design. This is what makes the 2008-W Silver Eagle Reverse of 2007 so valuable and unique.
The Unintended Error and Its Significance
The 2008-W Silver Eagle Reverse of 2007 is often regarded as an error coin, but it is a highly coveted error due to its rarity. It is important to note that the reverse designs of the 2007 and 2008 Silver Eagles are very similar, but there are subtle differences. The primary distinction lies in the letter “U” of “United” on the reverse. On the 2007 Reverse, the “U” lacks a serif located on the lower right side of the letter, whereas the “U” on the 2008 (and later) designs has a serif. This small difference is enough to help collectors identify the Reverse of 2007 variety.
The 2008-W Silver Eagle with the 2007 Reverse is considered one of the rarest of its kind, as the Mint unknowingly struck these coins with the incorrect reverse design. As a result, only a limited number of these coins exist, adding to their value and desirability in the collector’s market.
Rarity and Value of the 2008-W Silver Eagle Reverse of 2007
According to the Professional Coin Grading Service (PCGS), it is estimated that around 45,000 of the 2008-W Silver Eagles with the 2007 reverse design were produced. Given their rarity and the fact that they are no longer being made, these coins have become extremely valuable. In fact, as of May 2023, the 2008-W $1 Burnished Silver Eagle Reverse of 2007 was selling for nearly $2,000.
This makes the coin one of the highest-priced one-dollar coins available, which is quite impressive considering its relatively recent release in 2008. The fact that this coin is still fetching such high prices more than a decade later demonstrates the demand and interest from collectors in this unique variety.
Physical Specifications and Minting Details
The 2008-W Silver Eagle Reverse of 2007 is composed of 99.93% silver and 0.07% copper, with a weight of 31.10 grams. It has a diameter of 40.60 millimeters, which is typical for American Silver Eagles. The coin was minted at the West Point Mint, known for producing high-quality coins, including the Silver Eagle series.
The coin’s design, created by Adolph A. Weinman (obverse) and John Mercanti (reverse), is one of the most iconic in American coinage. The obverse features Weinman’s famous design of Lady Liberty, while the reverse shows a heraldic eagle with a shield. These images are symbolic of American strength and freedom, making the coin not only valuable but also deeply significant.
Identifying the 2008-W Reverse of 2007
For those who are lucky enough to own or come across a 2008-W Burnished Silver Eagle Reverse of 2007, it’s important to know how to identify it. The key distinguishing feature is the letter “U” in “United” on the reverse side. As mentioned, the 2007 design lacks the serif on the right lower side of the letter, which is present on the 2008 and later reverse designs.
This slight but crucial difference can be spotted with the naked eye, making it easy for collectors and investors to identify the coin. The absence of the serif in the “U” is the hallmark of the Reverse of 2007, and it is what makes this coin stand out from other Silver Eagles from the same year.
Conclusion
The 2008-W $1 Burnished Silver Eagle Reverse of 2007 stands as a testament to the fascinating world of coin collecting, where even small design changes and errors can lead to extraordinary value. With an estimated 45,000 coins in existence, the Reverse of 2007 variety is one of the rarest and most coveted modern U.S. coins. Whether you’re an experienced numismatist or just beginning to explore the world of rare coins, this coin represents a perfect blend of history, artistry, and rarity, making it a valuable addition to any collection.