The 2004-W American Silver Eagle Proof is a special coin that collectors and enthusiasts highly value. It stands out due to its unique design and production quality. Issued by the United States Mint, this coin is known for its detailed craftsmanship and mirror-like finish, making it a prized piece for any collection. In this guide, we’ll explore the key features of the 2004-W American Silver Eagle Proof, its market value, and its design elements.
What is the 2004-W American Silver Eagle Proof?
The 2004-W American Silver Eagle Proof is a one-ounce silver coin minted by the United States Mint at the West Point facility. Unlike its bullion counterpart, which is also produced at West Point, the Proof version has a distinctive W mintmark and is known for its high-quality finish. The coin was issued at a price of $27.95, which was an increase from the earlier years’ Proof issues. The Proof coins are carefully made to ensure a high level of detail and are finished to create a shiny, mirror-like appearance.
Value of the 2004-W American Silver Eagle Proof
Today, the 2004-W American Silver Eagle Proof is valued between $55 to $60 if it is in its original government packaging. This value can vary based on the coin’s condition and grading. The total number of coins minted was 801,602, with a notable number of these being certified by grading services. As of August 14, 2024, 55,040 coins have been graded. Among these, Proof 69s are more common compared to Proof 70s. Historically, Proof 70 coins sold for $120 in 2014, while Proof 69s were priced around $65. Currently, the prices are more balanced, with Proof 70 and 69 coins being similarly valued, though signature labels can add extra value.
Market Data and Notable Examples
Here’s a snapshot of recent market activity for the 2004-W American Silver Eagle Proof:
- NGC PF70UCAM #6080747-064: Sold on eBay for $219.12 on August 5, 2024, featuring a John Mercanti signature label.
- PCGS PR70DCAM #29218255: Sold for $74 on eBay on August 4, 2024.
- NGC PF70UCAM #4397939-124: Sold for $199 on eBay on August 4, 2024, with an Edmund Moy signature label.
- PCGS PR70DCAM #29632616: Sold for $108 on eBay on August 4, 2024.
- NGC PF70UCAM #6090805-008: Sold for $97 on eBay on July 27, 2024.
These prices reflect the current market trends and how signature labels and coin condition influence the value.
Design Features
Obverse
The obverse side of the 2004-W American Silver Eagle Proof features Lady Liberty, designed by Adolph A. Weinman. She is depicted in mid-stride, draped in an American flag, and holding laurel and oak branches. This image symbolizes the civil and military achievements of America. The design is notable for its similarity to the French coin “The Sower” by Oscar Roty. The coin also includes the motto “IN GOD WE TRUST” and the year 2004.
Reverse
The reverse side, designed by John Mercanti, showcases the Heraldic Eagle. The eagle is shown with a ribbon bearing the motto “E PLURIBUS UNUM” in its beak. Above the eagle is a cluster of 13 stars, arranged in an upside-down pyramid. The inscription “UNITED STATES OF AMERICA” wraps around the top, while the bottom includes “1 OZ. FINE SILVER. ONE DOLLAR.”
Edge
The coin has a reeded edge, which is a common feature for American Silver Eagle coins and adds to its distinctive look.
Coin Specifications
Here are the key specifications for the 2004-W American Silver Eagle Proof:
- Year of Issue: 2004
- Mintage: 801,602
- Mintmark: W (West Point)
- Alloy: 99.9% silver
- Weight: 31.1 g
- Diameter: 40.6 mm
- Edge: Reeded
- Obverse Designer: Adolph A. Weinman
- Reverse Designer: John M. Mercanti
Conclusion
The 2004-W American Silver Eagle Proof is a notable addition to any coin collection, thanks to its high-quality design and historical significance. Its value has seen fluctuations over the years, influenced by market demand and coin condition. Collectors appreciate its detailed craftsmanship and the iconic imagery of Lady Liberty and the Heraldic Eagle. As the market continues to evolve, this coin remains a cherished piece for enthusiasts and collectors alike.
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FAQ’s
What makes the 2004-W American Silver Eagle Proof special?
The 2004-W American Silver Eagle Proof is known for its high-quality finish and distinctive mirror-like appearance. It was struck at the West Point Mint and carries a “W” mintmark, setting it apart from the more common bullion versions. The coin features detailed designs by Adolph A. Weinman and John Mercanti, making it a valuable piece for collectors.
How much is the 2004-W American Silver Eagle Proof worth today?
As of 2024, the 2004-W American Silver Eagle Proof typically trades for about $55 to $60 when in its original government packaging. Prices can vary based on the coin’s condition and grading, with higher-grade coins and those with signature labels potentially fetching more.
