2007-W 4 Coin Burnished Platinum Eagle Set NGC MS70 Mint State 70

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2007-W 4 Coin Burnished Platinum Eagle Set NGC MS70 Mint State 70
Mint State Platinum Eagles- A Royal Set in a New Collecting ERA

Compared to many other nations the US has a pitifully short coinage history and that relative absence of depth was compounded by the Mints long standing policy of “unified designs” across denominations and “sameness” created by amazingly long series that ran 40 or more years. Big work horse series like Seated Liberty Silver Dimes, Quarters, and Halves, Liberty Head $2.5, $5, $10, $20 Gold Eagles, and other various small denominations struck on copper and nickel in the 1800s encouraged a collector culture that favored collecting series by date because if you collected US coinage by design your collection was never going to acquire any size.

Much of the rest of the world has so many designs stretching out over such vast spans of time that collecting by type (one example of each design and denomination) is standard practice and series collecting by date is not as meaningful as it is in the US. In short US collector habits and the structure of their sets have been influenced by long standing Mint Policies that have given way to a new structure that is an interesting blend of rigid series collecting and design based type collecting at the same time. This sometimes over looked revolution is the emergence of what Mint employees often refer to as “the collector series” with stable obverse and changing reverses. Those that appreciate this set structure represent a rapidly growing demographic that are accustomed to sky high mintages. 50 State Quarter, Territories Quarters, National Parks Quarters, Presidential Dollars, “Sac” Native American Dollars, Life of Lincoln Cents, Westward Journey Nickels and Platinum Eagles all enjoy this structure but the Platinum Eagles are the only one that offer real rarity.

Young collectors in the late 1890s that could see the shift from just date to date and mint mark collecting coming and conformed to the new collecting structure early were very glad they did. If you feel that over time series with changing reverses are going to become important in the collecting interest of the younger generations as they age then these short mint state platinum type sets look mighty cheap.

In 2006 the Mint Kicked off the “Foundations of American Democracy” set celebrating the Legislative, Executive and Judicial branches of the Federal Government. This short themed set proved to be made up of some of the rarest design and denomination based type coins in the last 100 years and the 2007W issues are among them. Let’s look at the Foundations of American Democracy short sets mintages:

Reverse Design.............$100.........$50.........$25...........$10
Legislative Muse............3,068........2,577........2,676........3,544
Presidential Great Seal...4,177........3,635........3,690........5,556
Judicial Justice...............2,876........2,253........2,481........3,706

Some people focus on just the rarest dates in a series and pass over the rest but when the mintages are already so low this can be an error because a dark horse key can end up stronger that the coins that the mintage charts indicate are the rarest. A famous case in point is the 1932 “D” and “S” Washington Quarters. In 1932 everyone was aware that the 1932S had a 408,000 mintage and the 1932D had a mintage of 436,000 so most people held onto the 32S in bulk and did not pay as much attention to the 32D. Today the 1932D is the undisputed high grade key to the Washington Quarter set by a wide margin. The 2007 Platinum Eagles with the Great Seal on the reverse have high material content and with that comes the tendency to get sold off as bulk platinum when the price of the metal spikes. When the entire production run of the 2007W $25 and $50 issues combined will fit in the typical one gallon bucket how much abuse can the population stand before the high grade populations get “tight”. The bottom line is if you have an interest in the Platinum Eagles don’t pass over the 2007W assuming that high grade examples will be easy to come by in the out years.

$10 2007W Mint State Platinum Eagle Statistics
Edge TypeDiameterFineness Weight Actual Platinum Weight (APW) Mintage
Reeded 16.5mm .9995 3.112 grams .10 oz 5,556



$25 2007W Mint State Platinum Eagle Statistics
Edge TypeDiameterFineness Weight Actual Platinum Weight (APW) Mintage
Reeded 22mm .9995 7.78 grams .25 oz 3,690



$50 2007W Mint State Platinum Eagle Statistics
Edge TypeDiameterFineness Weight Actual Platinum Weight (APW) Mintage
Reeded 27mm .9995 15.56 grams .50 oz 3,635



$100 2007W Mint State Platinum Eagle Statistics
Edge TypeDiameterFineness Weight Actual Platinum Weight (APW) Mintage
Reeded 32.7mm .9995 31.12 grams 1.0 oz 4,177


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