First struck at the San Francisco Mint on 26 November 1986 as a means to get rid of the defense national stockpile, the American Silver Eagle Coin still today endures as a means of value to the average investor and collector.
The obverse has the popular Walking Lady Liberty design by Adolph Weinman, inscribed with the year of issue, “LIBERTY” and “In God We Trust” on the field.
On the reverse bears the eagle behind a shield, mainly being the Great Seal of the United States of America. Its inscription being “UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR”, and “E PLURIBUS UNUM”.
The American Silver Eagle Coin were initially only minted at the San Francisco Mint
No mint marks were added as the coins were initially only minted at the San Francisco Mint. Bullion coins were mainly minted without mint marks. Proof coins were issued with an S (San Francisco) mint mark. Additional mints started issuing of Silver Eagle proof coins at the Philadelphia (P mint mark) and West Point (W mint mark) mints from 1999.
A total of 530,323,888 silver Eagles were minted from 1986 to 2018. Bullion Silver Eagle coins are not sold directly to the public but issued to banks, verified coin dealers and authorized purchasers at spot price plus $2. Proof and Uncirculated Silver Eagles, however, were sold directly to the public.
An American Silver Eagle Coin contains 99.9% pure silver.
The American Silver Eagle Coins had, and still has a nominal value of one Dollar, containing 99.9% pure silver. The face value of the Silver Eagle Coin (one Dollar) is an indication of its monetary value, but American Silver Eagle Coins are also Legal Tender. Its intrinsic value, however being one ounce of Silver means that you do not only have one dollar value but one ounce of 99.9% silver which can be traced to at least the market value of silver.
Silver is an internationally traded commodity and there is a cost involved in mining and minting the silver resulting in value. There is also a demand for silver in industry.
Collectors store Silver Eagles for its beauty.
The Silver Eagle Coin carries its own history and resulting not only in intrinsic value but also sentimental value the world over. Collectors store Silver Eagles for its beauty.
It is fairly simplistic and effortless to gain access and trade with the Silver Eagle Coin. Many times the Silver Eagle Coin is being overlooked as an investment and hedge against inflation and diminishing value of fiat currencies.