What Is The Silver Eagle
The American Silver Eagle is the official silver bullion coin of the United States. It was first released on November 24, 1986. It is struck only in the one troy ounce size, which has a face value of one dollar, and is guaranteed to contain one troy ounce of 99.9% pure silver. Its content, weight, and purity are certified by the United States Mint. The Silver Eagle is also legal tender for all debts, both public and private, in the United States. In addition to the bullion version, the United States Mint has produced a different versions for actual coin collectors. The Silver Eagle has been produced at three mints: the West Point Mint, the Philadelphia Mint, and the San Francisco Mint. The American Silver Eagle bullion coin is also allowed to be used for IRA accounts.
The Silver Eagle program started in 1986 and continues on in the current day. The mints did not produce the same amount every year. In 1986 there were only a little over 6,839,000 Eagles minted that year, and in 2010 there were over 35 million minted. The amount of Silver Eagles minted during a particular year affects it’s collectible value. The more produced in a single year would lower the value over spot price for that coin, conversely, the less minted years bring the highest value. In 1996 there were only a little over 4 million Silver Eagles minted making this year the ” key date ” , or most desired and valuable of all the years thus far.
Silver Eagle Design
The American Silver Eagle coin has 2 sides. The obverse, or front side and the reverse, or back side. The front side contains a designed called ” walking liberty “, which was originally used on the Liberty Half Dollar coin up until 1947, and Adolph A. Weinman was the artist. Inscribed on the obverse is the year of minting or issuance, the word LIBERTY, and states the phrase ” In God We Trust “ .
The reverse, or back, of the Silver Eagle was designed by John Mercanti. There you will find an Eagle behind a shield of the United States. The Eagle has arrows in its left talon, and an olive branch in its right talon. Above the Eagle are 13 stars representing the original 13 colonies. Inscribed on the back is E PLURIBUS UNUM and UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR. This coin is truly a work of art in its own right!
In conclusion, the United States Silver Eagle is a great piece of history, and an awesome investment vehicle for those of you looking to buy silver bullion online or at your neighborhood bullion dealer.