Why are 2008 W Silver Proof Eagles so expensive
Coin Finder
Posts: 7,244 ✭✭✭✭✭
Did they sell out at the US Mint early on? What are the mintages? Will there be a 2009 W?
0
Comments
This Variety is an unintended combination of the new 2008-W obverse die combined with the old 2007-W reverse die. There were some 40,000+ coins minted with this die marrieage. Consequently, the 2008-W Reverse of 2007 is a sought-after modern rarity. And that explains why it is more expensive than the average 2008-W Unc. ASE.
EDITED: Duh! I just eplained why the Unc. 2008-W rev. of 2007-W's garner a premium. I haven't a clue about the PROOF's except that there was such a demand for the Unc./Bullions that the Proofs were somewhat limited in strike.
---------------------------------------------------------------------------------------------------------------------------------------
BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
<< <i>Did they sell out at the US Mint early on? What are the mintages? Will there be a 2009 W? >>
The Mint stopped selling the proofs early last year because they needed the silver blanks for the business strikes and were unable to obtain sufficient quantities for the proofs & W MS's. I believe that over 700k were sold before they suddenly went dark. I suppose it's a case of a temporary supply versus demand issue.