- USA Coin Book
- Bullion Coins
- American Platinum Eagle
- 2007-W : Reverse Proof
2007 W American Platinum Eagle Bullion Coins : Reverse Proof
$50 Half Ounce Platinum
Metal Composition: 99.95% Platinum
Diameter: 27 mm
Mass / Weight: 15.56 grams
What this coin looks like (obverse, reverse, mint mark location, special features, etc.):
The 2007-W "Reverse Proof" American Platinum Eagle was the first US coin of its kind ever made. 30000 of these coins were authorized to be produced in a 2-coin set containing a 1/2 oz proof coin and a 1/2 reverse proof. Only about 19583 sets were sold before being discontinued. This coin was produced as part of a 2-coin platinum eagle set to commemorate the 10th anniversary of the American Platinum Eagle series (which started in 1997).
This set originally had a cost of $1949.95 while the value of 1 ounce of platinum had a value of $1474. Only weeks later in early 2008 - the value of platinum soared and the US Mint suspended sales on Feburary 13 2008. A month later when platinum was at $2015 per ounce - the US Mint re-continued selling these sets for $2649.95. By October - the price of platinum fell over $1000 per ounce and the set was sold again for $1249.95 after sales were suspended once again.
The reverse proof was produced at the West Point Mint using a highly innovative and technologically advanced minting process - which resulted in a coin with a frosty satin background field (like normal uncirculated platinum eagles) but the details and designs have brilliant mirror-like features. This coin also bears the "W" mint mark.
MELT VALUE: $474.25
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