What Is Different About The Revised Silver Eagle Coin?

March 3, 2010 by admin
Filed under: Investing In Silver Proof Coins: 

What Is Different About The Revised Silver Eagle Coin?

The American Eagle Silver Coins obverse features Liberty in full walk enveloped in the folds of the American flag, with her right hand extended and branches of laurel and oak in her left. The American Eagle Uncirculated Coins feature a finish like their bullion opposite numbers, but to indicate their production at The United States Mint that is located at West Point, they carry the "W" mint mark. Each coin is encompassed in protecting plastic and placed in a blue presentation case accompanied by a Certificate of veracity signed by the Director of the US Mint, Edmund C Moy.

The United States Mint must produce a new hub if they want to alter the planning of the American Eagle Silver Coins. To fashion new dies, a hub that contains an image that is raised, or contains a relief of the design of the coin, is impressed into the steel. Dies are used in the particular striking of coins, as they have an image of the design of the coin which is incused.
NCG is of the opinion that this year the U. S. Mint metamorphosed from standard engraved hubs composed of reducing a hand engraved galvano to hubs that are engraved by laser.
In the process of the transition, rehubbing, as it is called infrequently, a few changes in design were made on both sides of the coin, with a stress on the lettering.
The letters on the 2008 Silver Eagle are taller and skinnier, filling the fields much more than in prior years. On the reverse, one of the clearest differences from prior years can be discovered in the stars above the eagle.
The 2008 issue, naturally, isn't alone in design changes. The most blatant is a change to the finish of these coins which goes from a glossy surface used early in the series to the matte finish of today. For collectors, it is nice to know that though the coins are similar year to year, they can predict insignificant changes that only a consultant might recognize.
Be highly aware of counterfeits when investing in American Eagle Silver Coins. Authorized Collectibles Group / NGC VP Scott Schechter and PCGS President Don Willis made the statement that both authentication agencies have purchased fake coins and dies for investigation purposes and to take them off the market. Both firms have been working to get fake auction lists removed, but both also have seen a rise in the amoun
1000
t of counterfeit coins being submitted to them. NGC has begun putting out notice with remitted counterfeits reminding submitters it is against the law to sell false items or facsimiles that are not marked with the word "copy", and PCGS will follow suit with a similar warning to submitters.
There seems to be an influx of counterfeit coins from China. They are well known for producing fake designer wear, so I suppose it should be no surprise that they have turned their attention to the collectible coin market as well. The best antidote for fake coins is to become very knowledgeable about collectible, rare and valuable coins so that you will be able to spot a fake a mile off.

By: Julie Swane

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Silver Proof Coins ending soon on eBay:
2006 W PF70 SILVER EAGLE PROOF NGC GOLD LABEL
US $71.00 (4 Bids)
End Date: Saturday Jul-31-2010 11:00:43 PDT
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2 - 2003 AMERICAN EAGLE PROOF, SILVER DOLLARS (5-11I)
US $114.00
End Date: Saturday Jul-31-2010 11:31:41 PDT
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1986 Silver Eagle Proof
US $45.00 (2 Bids)
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