2008-W Burnished American Silver Eagle with error reverse graded MS70 by NGC
For 2008, the Mint made a few slight changes to the design of the Silver Eagles. This mostly was a font type change that was fairly minor. It added a serif onto the U in TRUST on the Obv and on UNITED on the reverse. The L in LIBERTY is slightly different. The Tilde between SILVER and ONE on the reverse is different.
Not only is this coin the most important variety in the Silver Eagle series it is also the rarest mint state Silver Eagle to date. According to a US Mint report issued as the result of a Freedom of Information Act request 16 reverse dies were used to strike 46,318 coins. Some sources report 15 dies were used because one die set only struck one coin. Its also important to bear in mind that the West Point Mint had an abnormally high scrap rate in 2008 among its burnished offerings that ran as high as 50% in multiple instances. While it is not known what percentage of the 2008W reverse of 07 coins displayed the necessary level of perfection to make it past QC and into the hands of the public its certain that less than the often quoted 47,000 coins actually exist.
Examples of this coin that were submitted to NGC in the first 30 days after issue were eligible for the Early Release designation. The combination of a low initial mintage, mild probability of making MS-70 and the very narrow submission window has created a graded population that is exceptionally low. These coins don't come to market very often.
|Weight in Grams:||31.1 g|
|Weight in Ounces:||1 oz|
|Release Type:||Early Releases|