Hidden Treasure on Engstrom

treasure

As an auctioneer, ever wonder why a seemingly common coin goes for hundreds more dollars than it is worth? Could be you have a hidden treasure? We spotted and bid on one last week in Engstrom Auction. (Click to expand photos.)



Pictured above are three common 2008 Silver Eagles. Why did they sell for more than $400 with buyer’s fee?

Answer: One of them was the rare 2008 reverse of 2007 Silver Eagle, pictured below:

treasure1

We entered a small bidding war with the winner, but let him take it as the coin reached retail.

The 2008 reverse of 2007 Eagle has a “U” in “United that differs from the “U” in common 2008 coins. You can read more about how to spot one by clicking here.

This is an example about why auctioneers should read Proxiblog and Coingrader Capsule on Coin Update News. We will tell you how to spot similar treasure in your own consignments.

Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.

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