The American Silver Eagle Program’s 25th year in 2011 was marked by the release of five versions of the coin: the 2011 American Silver Eagle bullion coin, the 2011-W American Silver Eagle Burnished coin, the 2011-W American Silver Eagle Proof coin, the 2011-S American Silver Eagle Burnished coin, and the 2011-P American Silver Eagle Reverse Proof. Of these, three were sold in the expected manner, while the last two were exclusive to the 2011 25th Anniversary American Silver Eagle Set.
Market Data and Noteworthy Specimens
The 2011-W American Silver Eagle Proof coin saw enthusiastic collector interest, with the coin selling out on November 22. The record prices for certified coins graded as a perfect 70 reflect this strong demand. The leading grading services have certified nearly 38,000 coins as perfect Proof 70s, making this level of perfection achievable for collectors.
Milk Spotting on 2011-W American Silver Eagle Proofs
Collectors should be aware of the issue of milk spots on silver coins, which can impact both the coin’s visual appeal and market value. These spots appear as cloudy patches on the coin’s surface due to a reaction with residual chemicals left during the minting process. Avoiding coins with milk spots is advisable as their resale potential is limited.
How Much Are 2011-W American Silver Eagle Proofs Worth?
In September 2024, 2011-W American Silver Eagle Proofs in Proof 69 condition tend to trade for around $60. This represents a 30% decline in value since the coin’s release. While Proof 70 coins sell for a slight premium, they are relatively common, with about 10% of the total mintage being certified.
Additional Design Details
Adolph A. Weinman’s Lady Liberty graces the obverse of the coin, symbolizing American freedom and strength. The reverse features John Mercanti’s Heraldic Eagle, a striking depiction of the national emblem. The coin’s edge is reeded, adding a touch of texture to its design.
Coin Specifications
The 2011-W American Silver Eagle Proof coin has a mintage of 949,861 and is made of .999 silver, weighing 31.1 grams with a diameter of 40.6 mm. Adolph A. Weinman designed the obverse, while John M. Mercanti designed the reverse.