Owner Comments:
Mintage 10,539,026
Minted at West Point without mintmark
What more can be said about this exquisite MS-70 specimen of an American Silver Eagle that hasn't already been said? Needless to say, it's an exquisitely detailed coin on the obverse and reverse from the head detail to the fingers on Liberty's outstretched right hand ! With a panultimate sharp strike, blast white mint lusterous features, no spots, hairlines, hits, scuff marks or defects, it is a prime example of MS-70 perfect coin.
Numismatic News: 2002 was an interesting year for numismatics with the record-setting sale of a 1933 double eagle once owned by Egypt's Farouk Al-Awwal. In order to allow the sale, the US government relented on its stance that all 1933 double eagles were illegal to own since the coin was never monetized and released into circulation (per President FDR's executive order). The winning bid came in at $7,590,000. ( plus $20 to cover its face value)
Increased demand for American Silver Eagles led to a slight rise in the number of coins certified for collectors. Quality as reported by the major grading services was excellent with nearly all Eagles struck by the West Point Mint grading in the MS68 and MS69 range. Price ranges for the MS 70 coins currently sometimes push $400 and above.
2002 average silver price: $4.61/ounce