2001 American Silver Eagle : A Collector’s Guide

By Charles Morgan and Hubert Walker for CoinWeek Notes …..
 

It’s unimaginable to grasp the rise of American Silver Eagle mintages beginning in 1999 after which once more in 2008 with out discussing the function that concern performed or how entrepreneurs exploited it and promoted mistrust within the authorities, the Federal Reserve, and the “markets” to advertise the sale of gold and silver bullion cash as a safer, smarter different.

Considerations in regards to the millennium and public panic in regards to the Y2K bug, which American corporations spent between $300 and $600 billion to repair (based on analysts), primed the pump for an inflow of recent consumers.

Y2K fizzled out, however the September 11 terrorist assaults, which had been aimed to shock and degrade American monetary and navy energy, reengaged these fears. All through the 2000s, annual bullion coin mintages would double these reported within the Nineteen Nineties. After the collapse of the banking and housing markets and the election of Barack Obama in 2008, these numbers would skyrocket.

Fascinating Particulars Relating to the Licensed Marketplace for the 2001 American Silver Eagle

An unconfirmed variety of “Gem Uncirculated” Silver Eagles had been slabbed by PCGS of their 9/11 WTC label. We’ve seen stories that 1,440 might have been provided on this holder. Moreover, PCGS states that 980 had been graded MS69 (none had been graded MS70). PCGS additionally graded a number of 9/11 WTC-labelled cash MS68; these are usually not separated from the pop stories.

In 2011, Whitman LLC printed a coin and e book bundle providing “Gem UNCIRCULATED” 2001-Dated Silver Eagles with the 9/11 WTC Label. The booklet contained tales about right now’s armed forces and included a 32-page “Service Scrapbook” for “your private document of Navy Service.”

NGC adopted PCGS by providing its personal “patriotic” and 9/11-themed inserts. These cash don’t specify that they had been recovered from the vaults on the Twin Towers.

Former Mint Director Edmund C. Moy served on the transition staff for the Division of Homeland Safety, a brand new Cupboard-level paperwork created after 9/11.

The PCGS inhabitants of licensed 2001 American Silver Eagles additionally contains 400 MS69 cash signed by disgraced bike owner Lance Armstrong.

* * *

Market Information and Noteworthy Specimens

Prime Inhabitants: PCGS MS70 (399, 10/2024), NGC MS70 (1,756, 10/2024), and CAC MS70 (0:5 stickered:graded, 10/2024).

• PCGS MS70 #39811183: eBay, September 22, 2024 – $717.70.
• NGC MS70 #5843794-055: eBay, September 10, 2024 – $1149. John Mercanti signed label.
• NGC MS70 #3656220-026: eBay, September 2, 2024 – $875.
• NGC MS70 #1836690-005: eBay, August 20, 2024 – $789.
• NGC MS70 #6302147-005: eBay, August 14, 2024 – $525.01. John Mercanti signed label.
• PCGS MS70 #39811085: eBay, August 12, 2024 – $2,495. John Mercanti signed label.
• PCGS MS70 #46182590: eBay, August 10, 2024 – $1,795.
• NGC MS70 #6913905-023: eBay, August 2, 2024 – $899.95.
• NGC MS70 #6302887-006: Stack’s Bowers, August 23, 2024, Lot 11084 – $576. John Mercanti signed label.
• NGC MS70 #4392233-011: Stack’s Bowers, April 3, 2024, Lot 13543 – $780.

* * *

Design

Obverse:

Artist Adolph A. Weinman’s Woman Liberty is depicted mid-stride. She is wearing a flowing robe and draped with a big billowing American flag. She holds laurel and oak branches in her left hand that symbolize the civil and navy glories of America, respectively. As Liberty strides confidently in the direction of the rising solar, she presents an open hand. So giant is Woman Liberty that she is superimposed over the obverse legend LIBERTY ringing the obverse – in actual fact, she obscures half of the “BE” and virtually the complete “R”. Above Liberty’s rear foot is the motto IN GOD WE TRUST; beneath her is the date 2001.

The design bears a notable resemblance to sculptor Oscar Roty’s The Sower, a standard picture on French cash. Numismatist Roger Burdette posited in his e book Renaissance of American Coinage (2007) that this was not a coincidence and whereas Adolph Weinman didn’t instantly copy, he did derive important inspiration from Roty’s work. Weinman’s Liberty Strolling design shortly grew to become one in every of America’s most iconic numismatic pictures and could be used with minor modifications on the American Silver Eagle bullion coin beginning in 1986.

Reverse:

United States Mint Chief Engraver John Mercanti’s Heraldic Eagle is positioned on the heart of the reverse. Clutched in its beak is a ribbon bearing the motto E PLURIBUS UNUM. Above its head is a constellation of 13 stars configured in an upside-down pyramid formation. The legend UNITED STATES OF AMERICA wraps clockwise across the prime, and the fineness and denomination 1 OZ. FINE SILVER. ONE DOLLAR runs counterclockwise alongside the underside.

Edge:

The sting of the 2001 American Silver Eagle bullion coin is reeded.

2001 Silver Eagle Coin Specs

* * *