2006-W Burnished Gold Eagle
2006 marked the 30th anniversary of the American Gold Eagle program that was created through the 1985 Liberty Coinage Act. Sales of the one-ounce bullion coin in this program were down by 120,000 ounces compared to the previous year, which clearly had a lot to do with the fact that in 2006 a new gold coin program was started, the American Gold Buffalo.
To mark the 20th anniversary and boost sales, the U.S. Mint introduced some new, special versions of the 22-karat Gold Eagle coin and issued a special three-coin gold set. One of the innovations from this year was the burnished American Gold Eagle program, which the Mint refers to as uncirculated. These coins, like their silver counterparts, the burnished American Silver Eagles, are produced on specially burnished planchets and carry a “W” mintmark for the West Point Mint, where they were produced.
Another characteristic of the burnished $50 gold coins is that they were minted in smaller numbers than their bullion counterparts. In this case, 237,510 bullion or business strike coins were made, while only 45,053 of the burnished version were minted. The burnished coin mintage includes the 10,000 that were part of the 2006 30th anniversary American Gold Eagle coin set that also contained a reverse proof and a regular proof version of this coin and sold out very quickly.
The burnished coins quickly became very popular with collectors of American Gold Eagles and continue to be widely collected today in both their original government packaging and in graded form.
Why purchase a NGC MS69 example of the $50 2006-W American Gold Eagle?
This coin is the first year of issue of the popular American Gold Eagle burnished coin series, and first year coins are always of significance for collectors.
NGC has graded 6,034 of these coins with 47%, or 2,807 of them being MS69 coins, and 53%, or 3,218 being MS70 coins. The fact that they have been around for a decade, which means buyers have probably submitted most of the coins they will submit for grading, means these census numbers will probably not change greatly in the coming years.
This NGC MS69 is a more affordable coin than its MS70 counterpart, while also being a scarce and desirable collectible gold coin.
|Year of Issue:||2006|
|Display Weight:||1 oz|
|Weight in Grams:||31.1032 g|
|Weight in Ounces:||1 oz|
|Legal Tender:||United States|
|Obverse Design:||Saint-Gaudens Double Eagle design|
|Reverse Design:||Family of Eagles|
|Reverse Designer/Engraver:||Augustus Saint-Gaudens|
|Obverse Designer/Engraver:||Miley Busiek|