By Charles Morgan and Hubert Walker for CoinWeek Notes …..
Though the 2007 American Silver Eagle bullion coin’s mintage of 9,028,036 items is substantial, demand for the American Silver Eagle bullion coin was off by greater than 1.6 million cash from the yr earlier than. As Republican President George W. Bush entered the again finish of his presidency, a number of fissures within the American monetary system began to emerge, largely centered across the housing market and subprime mortgage merchandise. By the tip of the yr, the nation formally entered into recession, the tumult of which might put greater than 7.5 million People out of labor and set the stage for the landslide election of Democrat Barack Obama in 2008.
This financial disaster centered unprecedented consideration on treasured metals investing, and the mintages for each the Silver Eagle and the American Gold Eagle would soar beginning in 2008.
What to Know Earlier than You Purchase or Promote a 2007 American Silver Eagle
The American Silver Eagle collection is probably the most trusted and broadly traded silver bullion coin within the United States. Its purity is backed by the Federal Authorities, and it carries a authorized tender worth of $1 – that means that if the worth of 1 ounce of silver ever depreciates beneath this, the coin can nonetheless be spent.
Whereas some Silver Eagle bullion strikes commerce for a premium attributable to their age and shortage, the 2007 American Silver Eagle stays a standard date. Don’t count on to be provided far more than the prevailing silver spot worth if you attempt to promote it to an expert. On the flip facet, pursuing a date run of American Silver Eagle bullion cash from 2000 onward mustn’t pose a lot of an issue, as these cash don’t commerce for top numismatic premiums.
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2007 American Silver Eagle Market Knowledge and Noteworthy Specimens
The licensed coin market operates a lot otherwise than the “uncooked” coin market, and for the 2007 American Silver Eagle, we provide the next observations.
Cash graded MS69 and MS70 make up nearly all of the cash that you will discover in licensed holders. MS69 cash promote for a slight markup over uncooked cash, however the unfold is lower than the price of submission. MS70 cash will usually promote for $50 or extra. That is down significantly from the coin’s 2015 pricing ranges when PCGS cash bought for $110 ($148 in 2024 inflation-adjusted {dollars}) and NGC cash bought for $72 ($97). The elevated availability of MS70 cash is basically accountable, as PCGS had graded simply over 1,000 whereas NGC reported a inhabitants of 5,800. Within the years since, the PCGS 70 inhabitants has elevated greater than threefold; the NGC prime pop has skilled a forty five% improve.
A PCGS MS70 First Strike bought at Heritage Auctions in Could 2013 for $1,821.25. Then, the reported inhabitants stood at simply 84 items. In June 2013, one other one bought at Nice Collections for $1,452.
NGC discontinued its First Strikes label program in 2007. Nevertheless, in October 2007, NGC launched the American Liberty Collection of particular insert labels. The collection featured themes referring to the American Silver Eagle, Saint-Gaudens American Gold Eagle, and American Buffalo Gold bullion coin designs. For Silver Eagles, NGC required a minimal submission of seven,500 cash.
High Inhabitants: PCGS MS70 (3,437, 12/2024), NGC MS70 (8,429, 12/2024), and CAC MS70 (107, 12/2024).
- NGC MS70 #6574974-149: eBay, October 21, 2024 – $52.01.
- NGC MS70 #4558153-028: eBay, October 18, 2024 – $49.99.
- NGC MS70 #6574974-149: eBay, October 13, 2024 – $51.
- NGC MS70 #6561275-038: eBay, October 13, 2024 – $50.57.
- NGC MS70 #6561275-015: eBay, October 13, 2024 – $299. John Mercanti signature label.
- NGC MS70 #3563019-012: eBay, October 12, 2024 – $45.
- CACG MS70 #964713457: eBay, October 12, 2024 – $197.10. “Struck in 2006” on insert.
- PCGS MS70 #16299319: eBay, October 3, 2024 – $85.
- NGC MS70 #1563765-013: eBay, October 1, 2024 – $52.
- PCGS MS70 #39618236: eBay, September 27, 2024 – $65. Len Buckley signature insert.
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Design
Obverse:
Artist Adolph A. Weinman’s Girl 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 America’s respective civil and army. As Liberty strides confidently in direction of the rising solar, she reaches out an open hand. Girl Liberty is superimposed over the obverse legend LIBERTY ringing the obverse, obscuring half of the “BE” and virtually the whole “R”. Above her rear foot is the motto IN GOD WE TRUST. Under her is the date 2007.
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.
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 is wrapped across the prime of the design and the fineness and denomination 1 OZ. FINE SILVER. ONE DOLLAR is on the backside.
Edge:
The sting of the 2007 American Silver Eagle bullion coin is reeded.
Coin Specs
| American Silver Eagle Bullion Coin | |
| 12 months of Challenge: | 2007 |
| Mintage: | 9,028,036 |
| 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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