By Charles Morgan and Hubert Walker for CoinWeek Notes …..
The United States Mint produced American Silver Eagles in Uncirculated (bullion) and Proof codecs in 2005. Each finishes had been produced on the West Level Mint however the bullion coin doesn’t carry the “W” mintmark, as is common.
Gross sales of the 2004 and 2005 are statistically related, with the 2005 problem accounting for an 8,271 improve year-to-year.
In August, class 5 Hurricane Katrina made landfall in New Orleans, inflicting in depth harm and killing over one thousand folks. Additionally affected was the nation’s potential to maintain up with gas demand as refinery capability was throttled for months because of the storm and its aftermath. Inside days, gasoline costs surged to over $3.00 a gallon. For working and middle-class People, the financial impression of upper gasoline costs rapidly bled into different areas – particularly client finance and housing. This despatched the silver spot value on a pointy upward thrust that may proceed by means of the Nice Recession of 2007-2009.
How A lot Is a 2005 American Silver Eagle Value?
The 2005 American Silver Eagle carries a variety of values, the baseline being the coin’s intrinsic worth as one ounce of .999 effective silver backed by its $1 authorized tender standing. Seldom will one have the ability to purchase an instance for both quantity. As an alternative, the 2005 American Silver Eagle bullion coin usually trades for a small premium over spot value in its uncooked type (as a single coin, or in quantity) and probably extra as a numismatic collectible coin.
In that context, the 2005 American Silver Eagle is commonly marketed as an authorized coin within the grades of MS69 or MS70 – 70 being a “good” coin with out post-production flaws. Mixed, the main grading providers have licensed over 200,000 cash from this problem, with over 94% graded MS69. It’s value noting that almost all of those Silver Eagles had been licensed inside a 12 months of the coin’s launch and that submissions have yielded the next ratio of 70s than 69s lately. We assume this is because of easy economics (submitters might not need to pay grading charges for cash that aren’t good), however different components could also be at play as this phenomenon is constant throughout your complete sequence.
For 69s, prevailing market costs are kind of just like uncertified “uncooked” cash. For 70s, current eBay public sale outcomes vary from $80 on the low finish to $160 on the excessive finish. Sure signature labels command a premium over this, however collectors ought to know that sellers usually are not as prepared to pay further for these when shopping for the cash again. In 2015, a decade after the 2005 American Silver Eagle’s launch, PCGS MS70s traded for $310 every, which is $418 when adjusting for inflation. Present gross sales information signifies a value decline of 58%.
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2005 American Silver Eagle Market Information and Noteworthy Specimens
Cash with American Flag “First Strike” labels signed by designer John Mercanti had been graded within the fall of 2014. Disgraced athlete Lance Armstrong signed 11 MS69 Silver Eagle labels in 2005.
High Inhabitants: PCGS MS70 (2,964, 11/2024), NGC MS70 (6,612, 11/2024), and CAC MS70 (117, 11/2024).
- PCGS MS70 #28082750: eBay, November 22, 2024 – $225. John Mercanti signature label.
- NGC MS70 #6564377-006: eBay, November 20, 2024 – $149.
- NGC MS70 #6796119-028: eBay, November 19, 2024 – $99.
- NGC MS70 #1856152-024: eBay, November 17, 2024 – $83.
- NGC MS70 #1990150-088: eBay, November 16, 2024 – $110. First Strikes.
- PCGS MS70 #49532341: eBay, November 8, 2024 – $159.99.
- PCGS MS70 #26777359: eBay, October 29, 2024 – $189. First Strike.
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Design
Obverse:
Artist Adolph A. Weinman’s Woman Liberty is depicted mid-stride. She is seen as a full-body determine, wearing a flowing robe, and draped with a big billowing American flag. She holds laurel and oak branches in her left hand that symbolize American civil and navy glories, respectively. As Liberty strides confidently in direction of the rising solar, she reaches out a welcoming open hand. She is superimposed over the obverse legend LIBERTY ringing the obverse, blocking half of the “BE” and nearly your complete “R”. Above Liberty’s rear foot is the motto IN GOD WE TRUST; under her is the date 2005.
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 runs clockwise alongside the highest of the design and the fineness and denomination 1 OZ. FINE SILVER. ONE DOLLAR is on the backside.
Edge:
The sting of the 2005 American Silver Eagle bullion coin is reeded.
Coin Specs
| American Silver Eagle Bullion Coin | |
| 12 months of Concern: | 2005 |
| Mintage: | 8,891,025 |
| Alloy: | .999 silver |
| Weight: | 31.1 g |
| Diameter: | 40.6 mm |
| Edge: | Reeded |
| OBV Designer: | Adolph A. Weinman |
| REV Designer: | John M. Mercanti |
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