Silver has historically been the most affordable precious metal. Since 1986, the United States has minted one-dollar silver coins called American Eagle Silver Dollars or simply, Silver Eagles. Each Silver Eagle coin contains 1 troy ounce of 99.9% pure silver. Over 300 million Silver Eagles have been struck to date.
American Eagle Silver Dollars are:
- Loved and sought after by both silver enthusiasts and coin collectors.
- 99.9% pure silver, the purest silver coins ever issued by the U.S. Mint.
- One troy ounce - Legal tender.
- The classic Walking Liberty design is considered one of the most beautiful coins ever struck.
- It's the only silver bullion coin whose weight and purity are guaranteed by the U.S. government.
There's not just one kind of American Silver Eagle. The wide array that have been issued throughout the last four decades made collecting endlessly fun and interesting. The American Eagle Coin program also releases annual gold and platinum Eagles as well. American Eagle Silver Dollars: the most affordable precious metal, America's most popular silver dollar, and a lifetime of collecting enjoyment.
Start of a Legacy:
The American Eagle bullion coin was authorized by Congress in the Liberty Coin Act of 1985. This legislation was conceived and enacted to provide investors with a safe, simple means for investing in precious metals. The American Silver Eagle was first minted in 1986, with its date on the obverse. On October 29, 1986, a striking ceremony held in San Francisco, were the very first coin was struck, when Secretary of the Treasury, James A. Baker III, proclaimed, “I don't need a pick and shovel to start the San Francisco Silver Rush of 1986,”as he pushed the start button on coin press No. 105, and the rest is history.
Why Collect Silver Eagles?
People buy American Silver Eagle coins for two reasons: collecting and stacking. Collectors love Silver Eagles, because they're simply beautiful, especially Silver Eagle proof coins and Uncirculated Silver Eagles. Many collectors seek to assemble a complete set of American Silver Eagle coins by acquiring a coin from every year of mintage, 1986 to the present. As for silver collectors, historically, the legacy of Silver goes back as far back as 4,000 years ago as a means of exchange used to buy and sell goods over the centuries. Today, silver has been one of the most affordable precious metals. Silver increases portfolio diversity as its value often moves independently of stocks and bonds. They are one of the most widely traded silver bullion coins in the world and are generally welcome in major markets worldwide. The American Silver Eagle are also eligible for IRAs (Individual Retirement Account).
Silver American Eagles are rich in history. The obverse is based on the historic design by Adolph A. Weinman’s “Walking Liberty” silver half-dollar from 1916 to 1947, an immensely popular design amongst modern U.S. coinage. Seven decades later, Weinman’s quintessential design was revived for the American Silver Eagle in 1986. The obverse of the American Silver Eagle features Lady Liberty’s figure in left-profile relief, as she walks toward the setting sun on the horizon, carrying oak and laurel branches in her left arm, with her right hand outstretched toward the horizon, with the American flag draped over her shoulders. The inscriptions “LIBERTY” and “IN GOD WE TRUST,” appear on the obverse of the coin along with the mintage date.
The Silver Eagle name receives its moniker due to the reverse of the coin, which was designed by the talented modern-day engraver, John Mercanti, and portrays a heraldic eagle behind a shield, displaying American strength and pride. The heraldic eagle design has been used on American coinage since the beginning of the U.S. Mint in 1792. This modern design is a powerful bald eagle with outstretched wings, and the national shield on its breast. The majestic eagle clutches the arrows of war in one talon and the olive branch of peace in the other, echoing the Great Seal of the United States, signifying strength through peace. The ribbon in the eagle’s beak has the phrase “E Pluribus Unum,” which is Latin for "Out of many, one." Thirteen 13 stars arranged in a triangle above the eagle’s head, representing America’s original 13 colonies, the inscribed phrases, “UNITED STATES OF AMERICA,” and “1 OZ. FINE SILVER~ONE DOLLAR” also appear on this face. The artist's initials, “JM," appears just below the arrows, as well as the mintmark if applicable just below the olive branch. Silver Eagle coins are struck in .999 fine silver and weigh one Troy ounce (31.103 grams). Silver American Eagles have a diameter measuring 40.6mm, with 2.98mm in thickness, and a reeded edge.