Owner Comments:
Mintage 9,028,036
Minted at West Point without mintmark
The appearance of this particular American Silver Eagle stumped me at first glance. It neither had the blast white nor toned appearance I had comed to expect, but rather a somewhat calmer, almost grayish tint, depending on how I tilted and rotated it. It intrigues me to this day as I look at it now. Yet, at the time I encountered it, I hadn't seen one similar, so I bought it and have enjoyed it ever since.
Like others in the Mint State 70 realm, this Eagle is sharply detailed on the obverse and reverse prime focal spots and a superbly smooth and textured field. Again, with excellent sharp strike, as well as no spots, hairlines, hits, scuff marks, abrasions or other defects, it is another great example of American Silver Eagle in MS-70 condition.
Numismatic News: For the first time, the Dow Jones Industrial average rose above 14,000 in July 2007. However, interest rates were high and the real estate market showed signs of weakening. This translated into lack of cash for coin dealers. However, there was strong demand for "classic" collector coins (i.e. Key dates in popular series of coins, as well as higher grade silver and gold coins).
To try to re-invigorate interest in the "golden" dollar coin program, Congress authorized the production of a new series of dollars which featured the likenessses of the United States Presidents. These new dollar coins were eagerly anticipated by collectors. Interestingly enough, production errors left the congressional mandated edge lettering off of some coins. For the first time in over one hundred years these coins omitted the motto "IN GOD WE TRUST" and these accidental varieties became known as "Godless Dollars".
Demand for the 2007 American Silver Eagles dropped slightly from 2006. However, these Eagles remained among the series' most affordable, even in MS-70.
2007 average silver price: $13.32/ounce