Description
The 2024 1 oz American Silver Eagle NGC MS70 FD Eagle Label Black refers to a specific version of the 2024 American Silver Eagle coin, certified by the Numismatic Guaranty Corporation (NGC) with the following details:
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Metal Content: Contains 1 troy ounce of .999 fine silver.
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Grading: Graded as MS70 (Mint State 70), which is the highest grade for a coin, indicating it has no post-production imperfections when viewed under 5x magnification. This grade signifies that the coin is in perfect, uncirculated condition with zero imperfections.
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Certification:
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FD stands for First Day of Issue, meaning this coin was submitted to NGC for grading within 24 hours of its release by the U.S. Mint. This certification adds to the coin’s collectibility since only coins received by NGC on this specific timeframe receive this label.
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Label: The coin comes with an exclusive Eagle Label in black, enhancing its appeal to collectors due to the unique presentation and the thematic connection to the coin’s reverse design, which features an eagle.
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Design:
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Obverse: Features Adolph A. Weinman’s famous “Walking Liberty” design, depicting Lady Liberty in mid-stride, draped in the American flag, carrying branches of laurel and oak. The sun rises behind her, symbolizing a new day for America.
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Reverse: Since 2021, the reverse has depicted a new design by Emily Damstra of an eagle landing with an oak branch, symbolizing peace and strength. The inscriptions include “E PLURIBUS UNUM”, “UNITED STATES OF AMERICA”, “1 OZ. FINE SILVER”, and “ONE DOLLAR”.
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Availability: Such high-grade, first-day issue coins are sought after by collectors due to their quality and the prestige of the certification. They can be found from various dealers specializing in certified coins, like GovMint.com, ModernCoinMart, or through auction sites where collectors trade or sell high-value coins.
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Pricing: The price for an NGC MS70 FD coin with a special label like the black Eagle label can significantly exceed the silver spot price due to the grading, certification, and limited availability of coins certified in this manner on the first day of issue.
This coin is both an investment in silver and a collector’s item, prized for its perfection, the historical and artistic significance of its design, and the exclusivity of its certification.