Tuesday, January 18, 2011

Several years after the coins were originally issued, a new variety has been discovered for the 2007-W Proof $100 Platinum Eagle. NGC announced the discovery late last week and called it the "Frosted Freedom" variety.

The collectible versions of the 2007 Platinum Eagle feature the second of three reverse designs in a series entitled "The Foundations of American Democracy." The designs represent the legislative (2006), executive (2007), and judicial (2008) branches of government.

For the executive branch design by Thomas Cleveland, a bald eagle is depicted with wings spread wide to represent freedom and a shield at ready to enforce laws and guarantee that freedom. Draped over the shield is a ribbon with the word "FREEDOM."

On coins exhibiting the normal die polishing pattern, the word FREEDOM appears brilliant like the background fields of the coin and stands out against the ribbon. On the new variety, FREEDOM appears frosted in the same manner as the ribbon.

Interestingly, the US Mint's press photo (shown above), which was subsequently used for illustrations in some coin guide books like the Red Book, shows the word FREEDOM as frosted. It is believed that this was a conceptual image that predated production.

NGC stated that so far only one example of the 2007-W Proof $100 Platinum Eagle Frosted Freedom Variety has been found, although "it’s likely that others must have been struck."

The US Mint reported final sales of 3,768 of the 2007-W Proof $100 Platinum Eagle coins through individual sales and another 4,595 included in the 4 Coin Set. Anyone who has one of these coins in their collection should take a closer look to check if they have found another example of this new variety.

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