This Coin is 1 of only 115 known!
Post by: Walt Durham
in Silver
1 of just 115 known!
1986 was the very first year the United States Mint issued Silver American Eagles. The 1986-S Silver American Eagle Proof is an important issue in the Silver American Eagle series. Many collectors strive to own these first-year issues in flawless PF70 Ultra Cameo grade, but with only about 5% of the original mintage achieving that status they can be challenging to locate. That's why these types of coins are considered 'investment-grade' coins.
For a coin to achieve a flawless PF70 grade by NGC it must have ZERO post-production imperfections at 5x magnification. With proof coins having vibrant mirror-like finishes the surfaces of the coins are very delicate and are susceptible to fingerprints and scratches.
This particular specimen is not only certified PF70 Ultra Cameo, but it is also 1 of just 115 coins hand-signed by 42nd U.S. Treasurer Anna Cabral. This is an incredibly low population for a 1986-S Proof Silver Eagle Signature Series coin. Keep in mind that John Mercanti has signed over 4,700 1986-S Silver Eagles in PF 70 and they are being sold on online auction sites for close to $900.
Signature Series coins have become a huge part of the coin collecting world. Some of them are very rare and very hard to get. Especially popular issues like these first-year issues. Because of this coin’s scarcity, Numismedia lists the retail price guide of this coin at $1,695. We are fortunate enough to have located a small group of these low populated rarities for considerably less.
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BULLION
SILVER
SILVER COIN
SILVER EAGLE
SILVER
PROOF
PROOF COIN
PALLADIUM
PALLADIUM EAGLE
PALLADIUM COIN
GOLD
GOLD COIN
GOLD COIN
HISTORIC GOLD
GOLD EAGLE
HISTORIC
EAGLE
EAGLE
LIBERTY GOLD
LIBERTY HEAD
LIBERTY
PRE-1933
PRE-1933 GOLD
PLATINUM
REVERSE PROOF
INDIAN HEAD
INDIAN GOLD
INDIAN
LAST YEAR OF ISSUE
FIRST YEAR OF ISSUE