This is the third part of a feature story about finishes used on
U.S. coins, which first appeared in the June 6, 2016, Monthly issue
The Reverse Proof finish was employed on the 2007-W American Eagle
half-ounce platinum coin as part of a limited-edition two-coin set to
mark the 10th anniversary of the American Eagle platinum series, which
was introduced in 1997. The set contains two American Eagle half-ounce
.9995 fine platinum coins, one of which is a Cameo Proof coin and the
other the Reverse Proof coin.
The 2007 10th Anniversary platinum set was restricted to a maximum
product release of 30,000 sets. The West Point Mint struck the entire
maximum authorization before the sets went on sale. The U.S. Mint began
sales of the set on Dec. 13, 2007, at $1,949.95 per set.
The Mint had introduced its Uncirculated finish for the American
Eagle platinum coins the year before.
Sales of the sets were suspended twice in 2008. The price was
adjusted in reaction to rising platinum prices after a Feb. 8, 2008,
suspension, and sales resumed April 14. Sales were suspended a second
time Aug. 6 and the set was never put on sale again by the Mint.
Reconciliation of orders through returns and cancellations ended
with a final total of 16,937 sets sold. The 13,063 unsold sets were
disassembled and the coins subsequently melted.
Several two-piece platinum sets were recently offered on eBay at
nearly $2,000 each with no takers. All of the coins were certified
under the PCGS First
Strike program, with the Proof coins each graded Proof 70 Deep Cameo
and the Reverse Proofs as Proof 69.