The 2008-W $1 Burnished Silver Eagle Reverse of 2007: A Minting Error that Created Value

The 2008-W $1 Burnished Silver Eagle Reverse of 2007 is a fascinating piece of numismatic history that intrigues collectors and investors alike.

The American Silver Eagle bullion coin program began in 1986 with a design by Adolph A. Weinman, featuring the iconic Walking Liberty imagery on a one-dollar coin. These coins are composed of 99.93% silver and 0.07% copper, with a weight of 31.10 grams and a diameter of 40.60 millimeters. Over the years, the U.S. Mint has made several changes to the coin's design, including an adjustment to the reverse side in 2007.

In 2007, the U.S. Mint decided to update the reverse design of the Silver Eagle coins, intending for the new design to be featured on all coins minted from that year onward. However, during the transition period, an oversight occurred, leading to some of the 2008-W Burnished Uncirculated Silver Eagles being struck with the old reverse design that was intended for pre-2008 coins.

This error was first discovered by John Nanney, a collector from Georgia, in April 2008. He found what would become known as the first-known 2008-W Silver Eagle to feature the 2007 reverse design. As a result, there are two distinct reverse designs for the 2008 Silver Eagles: the updated version and the previous version from 2007.

While the reverse designs of the 2007 and 2008 Silver Eagles appear quite similar at first glance, there are subtle differences that can be easily identified. The key distinguishing feature can be found in the letter “U” in the word "United" on the reverse of the coin. On the 2007 coins, this letter lacks a serif on the lower right side, setting it apart from the newer designs.

The estimated number of 2008-W Silver Eagles with the Reverse of 2007 in existence is approximately 45,000. This limited mintage contributes significantly to the coin’s appeal and value among collectors.

As of May 10, 2023, one of these coins sold for nearly $2,000, showcasing its status as a sought-after collectible. This remarkable price for a one-dollar coin highlights the demand for unique and rare items within the numismatic market.

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