Insights

Platinum 2007-W American Eagle quarter-ounce coin brings $69,300 bid in GreatCollections auction

Finish of reverse inscription leads to high price
By Paul Gilkes - Coin World Staff
Published : 05/02/14
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A Proof 2007-W American Eagle quarter-ounce platinum $25 coin confirmed as struck with a reverse inscription frosted instead of mirrored realized $69,300 in a GreatCollections LLC online auction that closed April 27.

The piece just sold is an early version of the coin struck by the West Point Mint, and was not intended to be released after a change in finish was made.

The price realized includes the 10 percent buyer’s fee added to the final closing price. The coin was sold without reserve.

Professional Coin Grading Service graded the coin as Proof 70 Deep Cameo.

Bidding fast and furious at end

Bidding for the auction opened on March 31 with the opening bid of $1.

On April 27, with just less than six minutes remaining in the auction, the bid was at $40,000, with 65 bids having been placed by 11 unique bidders.

When the auction closed, 81 bids had been placed by those 11 bidders, with a final closing bid of $63,000.

Ian Russell, president and founder of GreatCollections LLC, said April 28 that the winning bidder is an advanced collector.

Russell said he anticipated that the coin would generate significant collector interest.

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