Silver has been one of the most affordable precious metals in the recent past. Due to this, silver has seen a huge demand increase and the trading on the stock market for silver has also been shown to reflect this demand. Also due to the demand in silver, the demand for the American Silver Eagle Coin has gone up as well.
The American Silver Eagles are the official bullion coin of the United States. These coins were first released in 1986 on November 24th. These coins are authorized to be minted by Congress and the weight and purity of every coin has the guarantee from the United State Government. A guarantee that each coin comes with is that it will contain at least 1 troy ounce of 99. 9% pure silver. Also, each coin has a thickness of 2. 98 mm.
There is a design on the American Silver Eagles and it is taken from old half dollars that were in circulation from 1916 through 1947. This design was created by Adolph A. Weinman and is called “Walking Liberty.” The design was loved so much that it was brought back to be used as the design that is currently on the American Silver Eagles since 1986.
American Silver Eagles are produced at 3 different mints. Each mint has their own mark that is placed on each coin to let the consumer know where the coin originated from. The Philadelphia Mint has the mint mark “P”, the San Francisco Mint has the mint mark “S” and the West Point, NY Mint has the mint mark “W.”
These coins are not typically used as money but if they were, they would only have a one dollar value. These coins are used and held more for their investment value. There are many factors that go in to the true value of each coin such as condition, grade and year of minting. To know the true value, a professional dealer would need to look over your coins and value them accordingly.
American Silver Eagles are available for sale at many different venues. The United States Mint will sell these outright to a consumer. There are many websites that are dedicated to collectible coins where they can be purchased. They can also be bought from precious metal dealers and brokers.
The American Silver Eagle coin is a loved and cherished coin by many and is an excellent investment. These coins have seen a surge in value and price and that trend seems to be continuing.
Samuel Sterns is a long-time coin enthusiast who enjoys writing articles about Silver Coin Proof Editions, including difficult to find Silver Eagle Proof coins for numismatists.
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