The American Silver Eagle coin is one of the most popular items worldwide. It is the official bullion coin of the United States and has been in the market for a long time. That is why we decided to create this complete guide honouring it. Learn about its origins, designs, modifications, and different minting.
The American Silver Eagle coin is the official silver bullion coin of the United States. The US Mint released it in 1986, and its unique presentation is one troy ounce size. Its nominal value is one dollar, and its purity is 99.9% pure silver. It has bullion, proof, and uncirculated minting.
There are many things to learn about the American Silver Eagle coin, and this article is the place to do so. It is part of our “featured coins” section, in which we will introduce the most popular coins. Having an insight and background on coins helps us collectors and investors understand what we are buying and why coins receive a particular value. So, keep on reading, and learn everything we have to tell you about the American Silver Eagle coin!
American Silver Eagle: Origins
The US Mint released the first American Silver Eagle coin on November 24, 1986. With authorization from the Liberty Coin Act of 1985, it received certification for its content, weight, and purity from the United States Mint. Its design dates back to 1916 when Adolph A. Weinman produced the Walking Liberty image for the half-dollar coin. The public approved of the depiction back then. Thus, they decided to revive it decades after its first use.
The Walking Liberty image is still present on the obverse of the American Silver Eagle Coin. As for its reverse, design has changed throughout the years. John Mercanti’s heraldic eagle with a shield and thirteen stars was the coin’s image between 1986 and 2020. From 2021 onwards, Emily Damstra’s design of a bald eagle landing on a branch became the reverse image. There are no forecasts or signs of a new idea due to its recent modification.
The production of bullion minting began in 1986. The San Francisco Mint was in charge of it until 1998. Between 1999 and 2000, its production passed onto the Philadelphia Mint and West Point Mint. In March 2011, the San Francisco Mint applied for supplementary production. Bullion Silver Eagle coins do not have any mintmarks.
Proof Silver Eagle coins production was in charge of the San Francisco Mint from 1986 to 1992. These samples bear the corresponding “S” mintmark. From 1993 to 2000, proof coin minting went to Philadelphia and carried the “P” mintmark. The “W” mark became a fact from 2001 to 2008. However, it was interrupted in 2009. No proof coin minting took place during that year until 2010 when they resumed production at West Point.
Collectible Silver Eagle Coins
Uncirculated Silver Eagle coins carry the “W” mintmark of the West Point Mint. Also known as “W Uncirculated” or “Burnished Uncirculated,” the production occurred between 2006 to 2008 and began once again in 2011. Apart from these samples, there is also a unique production by the San Francisco Mint, meant to celebrate the “American Eagle 25th Anniversary Silver Coin Set” in 2011.
Other notable issues commemorate specific events. Some of them are:
- The 1993 “Philadelphia Set” commemorating the bicentennial of the first official US coins at the Philadelphia Mint. Sizes varied, and the mint issued a “US Mint Bicentennial” medal.
- The 2016 “30th Anniversary” editions. This event included both proof and uncirculated versions. The rim was modified for this occasion, adding an inscription that reads “30th Anniversary”.
- The “End of World War II 75th Anniversary American Eagle”. This silver-proof coin commemorated the anniversary of WWII. This particular coin has a privy mark on its obverse. With a limited mintage of 75,000 coins, it became quite a valuable item. A gold coin was also issued.
Where Can You Buy American Silver Eagle Coin?
You can buy American Silver Eagle coins in many online shops. Therefore, its popularity becomes an advantage regarding its price since, with proper research, you can get it for the best retail price. However, and as we always tell our readers, we recommend you to check for authenticity and hidden fees when shopping online.
Feel free to check our website products. There are many American Silver Eagle coins for you to browse. Choose the one that adjusts best to your collector or investing goals. Thus, you can profit from your American Silver Eagle coin or enlarge your coin collection. Also, remember to subscribe to our weekly newsletter to learn more about featured coins and news or tips on investments! Thank you for reading!