NGC Certifies Newly-Discovered American Platinum Eagle Variety

by NGC on January 13, 2011 · 3 comments

Numismatic Guaranty Corporation (NGC) has announced that they have certified a newly-discovered platinum eagle variety.

2007-W American Platinum Eagle $100 Variety

This newly-discovered 2007-W American Platinum Eagle $100 variety was certified by NGC as PF-70 Ultra Cameo.

The latest oddity to surface in the U. S. Mint’s American Eagle Bullion Coin series is a 2007-W platinum $100 piece in proof with an obvious die-polishing error.

This popular coin type, which features a facing eagle with wings outstretched, also includes a shield on the eagle’s breast. Draped over this shield is a banner inscribed with the W mintmark at left and the word FREEDOM at right.

On dies having a normal polishing pattern, this incuse word displays the same brilliant finish as the coin’s fields, thus standing out within the frosted banner. The newly-discovered variety has the word frosted so that it blends in with the rest of the design. Presently unique, this curious coin has been certified by NGC as PF-70 Ultra Cameo, and it’s also identified on the label as FROSTED FREEDOM and DISCOVERY SPECIMEN.

The 2011 edition of R. S. Yeoman’s A Guide Book of United States Coins illustrates this coin type with a U. S. Mint-generated rendering that indeed shows the word FREEDOM frosted, as on this error coin, but that illustration is believed to be a conceptual drawing that predated actual production.

With evermore of the Mint’s die preparation becoming automated, it’s likely that this die simply missed the step which normally would have polished the incuse lettering to a mirror finish. Though the present coin is the first example found with a uniformly frosted finish to the banner, it’s likely that others must have been struck, and collectors are urged to examine their 2007-W proof platinum $100 coins for additional specimens.

About NGC

NGC was founded in 1987, and for coin grading, its opening heralded the introduction of a new standard of integrity. From the beginning NGC focused on only one objective, a standard of consistent and accurate grading.

As NGC has grown to become the leader in third-party grading services, we have maintained a steadfast and uncompromising commitment to this standard. The knowledge, integrity and dedication of NGC’s team of grading experts ensures you a level of grading consistency unparalleled among grading services. This record of consistency, built over the years, has helped to foster greater stability throughout the rare coin marketplace.

{ 3 comments… read them below or add one }

Jason Fishman January 16, 2011 at 8:42 am

Can anyone attempt to put a realistic price on this coin? From what I understand, this is the very first major error of the entire Platinum American Eagle series….. That is unless PCGS has graded a platinum error?

newtoncogeo January 17, 2011 at 12:03 pm

Checked my 4-coin proof set —
1-oz, 1/2-oz, 1/10-oz are “polished freedom” (no duplicate of above), BUT
1/4-oz is “frosted freedom”. (Shrunken version of above pictured.)

Not having another set for comparison….
Is mine another “new” error, or were all the 1/4-oz proofs minted as “frosted” ?

And I suppose I would second the previous comment.
(Wonder what a set of all denominations “frosted” would …….?)

Jason Fishman January 17, 2011 at 4:17 pm

If you are going to make this claim of the 1/4 ounce coin being frosted then you need to supply a picture. Otherwise, who is going to believe you? By the way, you can call me…..

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