Briefly speaking the U.S. Mint Celebration Series was launched in February 2008 in order to explore the feasibility of introducing various numismatic coin products positioned to celebrate special gift giving occasions or commemorate special events. The very first product released was a set of gold coins that celebrated the Beijing Olympics in 2008 that opened August 8, 2008 (8-8-08). It was perfect for the event and for the American collector. At the time it was just an experiment in which the U.S. Mint combined a 24k gold 2008-W Buffalo 1/2 oz. coin with a 2008-W American Eagle 1/2 oz. – both coins being burnished and both coins uniquely packaged in an unbelievable oriental style wooden museum box with a very curious painted certificate. The number “8” is traditionally associated with prosperity in Asian Culture. The number 8-8-08 date is highly significant as it occurs only once every 100 years.
NGC Population Reports Confirm Scarcity…
As most of you know, Chattanooga Coin is a leader in Gold Buffalo Market Making. We have published various literature on the subject in the past, and I won’t repeat it here, but the ‘Double Prosperity Set is a ‘sleeper’ set hiding in plain sight. So here’s the inside scoop:
- Only 5,328 total boxed sets were issued. That number is critical because that is the maximum number of sets that EVER existed. The box is unique to this set, and presently scarce to rare by itself.
- Only 1660 of the 2008-W 1/2 oz. American Eagles have been graded MS70 across all ‘label’ options. After 10 years of grading this coin, it’s unlikely to increase substantially.
- Only 3,655 of the 2008-W 1/2 oz. Buffalo gold coins have been graded MS70, again across all label options and venues. Most of these coins were sold separately in 2008 and immediately sent in for grading, so this number is VERY unlikely to grow much in the future.
- An estimated 1,000 sets were sent overseas to China and other oriental locations to do what they were intended to do….Celebrate the 2008 Olympics. These sets are likely lost to the American marketplace forever.
As you can see, this two piece set in the original box with certificate is not only beautiful – it is significantly rare in its original packaging, and the populations are low as well. It contains all three key components to make a rare coin: beauty, quality and low mintage!