Recently in a Proxibid auction the company listed 40 lots of 2008 Silver Eagles. Most numismatists know that this is a special year because a relative few of this date were printed with a different letter “U” in United. We used the Proxibid magnification tool to zip through the inventory.
A regular issue 2008 with 08 reverse has a “U” with a leg that extends in a serif on the right side of the letter, as pictured here. The 2007 lacks the spur on the “U” and has a rounded bottom with no serifs.
The dashes are different too in the words “silver-dollar” with the 2007 resembling a tilde.
See this picture below to help you identify the rarity.
About 46,000 of the 2008 silver eagle have the 2007 reverse. Regular mintage that year was 20,583,000, so you can see how rare this variety of 2007 reverse actually is. A 2008 Silver Eagle usually sells for about $35 on Proxibid. A 2008 with reverse of 2007 can go for about $500 in MS69 and $1300 in MS70 (in a PCGS holder).
So using the magnification tool, we were able to quickly process the reverses of two rolls of 2008 silver eagles. We didn’t find the variety, but we didn’t waste time, either.
That’s why we complimented Proxibid on this innovation in this post.
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