American Silver Eagles

As a result of its inherent worth and its long-standing capacity as a wealth-preserving asset, silver is frequently considered to be a hedge against inflation. Investing in silver is a strategy that investors use to protect their purchasing power from the unpredictability of the economy.

A Concise History of the American Silver Eagle

Beginning with the intention of revitalizing the minting of silver bullion coins in the United States, the interesting history of the American Silver Eagle coin started. It provided investors with a fresh opportunity to purchase pure silver coins made in the United States. Its minting began in 1986, following the passage of the Liberty Coin Act the year before. It is widely used in the United States and plays an important role in the market for precious metals across the wor ld. Its attractiveness, the support of the government, and its unadulterated nature make it a popular option among collectors and investors. With its face value of one dollar, each American Silver Eagle is recognized to be an official legal tender since it contains one troy ounce of silver that is of a fineness of .999.

Coinage of the American Silver Eagle is available in three different varieties: uncirculated, proof, and burnished. Since the year 1986, the uncirculated coin, often known as the bullion coin, has been made available annually. In 2006, on the coin program's twentieth anniversary, burnished coins were presented to the public as an additional collector choice.

Design of the American Silver Eagle

John Mercanti, who served as the 12th Chief Engraver of the United States Mint, was the one responsible for designing the reverse (back) for the first issue of 1986. A magnificent bald eagle with expanded wings and a defensive position in which it grasps an olive branch, which is symbolic of peace, is featured in his heraldic eagle design. The steadfast stare, keen talons, and mighty wings of the eagle are symbolically representative of the United States of America's strength and alertness. Since 1794, when the United States Mint was first establi shed, the heraldic eagle design has been featured on national coins in the United States. The silhouette of this contemporary design is that of a mighty bald eagle with its wings spread wide and a national shield displayed on its chest. Above the head of the eagle, thirteen (13) stars are placed in a triangle, each of which represents one of the first thirteen colonies that were established in the United States of America. Additionally, the phrases "UNITED STATES OF AMERICA" and "1 OZ. FINE SILVER\ONE DOLLAR" are engraved on this face. The silver content of the coin is 31.072 grams. A receding texture can be found on the margins of the American Eagle, which has a diameter of 40.6 millimetres and a thickness of 2.98 millimetres.

The West Point Mint has been responsible for the production of Silver Eagles from the year 2001. You may find a "W" mint mark on this side of the coin. The "W" mint mark is always present on the burnished coin, which has only been struck at the West Point Mint during its entire history. Despite this, two different mints have produced Proof Silver Eagles in their mints. A "S" mint mark was used to identify the Proof Silver Eagle that was minted by the San Francisco Mint during the years 1986 and 1992. A "P" mint mark was used to identify the Proof Silver Eagle coins that were produced by the Philadelphia Mint during the years 1993 and 2000.

New 2021 Reverse Design

The US Mint featured a bald eagle landing on a branch on a coin in 2021. A design created by Emily Damstra, a skilled artist who is a part of the United States Mint's Artistic Infusion Program, was eventually selected after undergoing stringent scrutiny and being compared to 34 distinct designs. The head, shoulders, and penetrating gaze of an eagle are captured in close-up by Damstra. Every detail is breathtaking, from the feather texture to the penetrating gaze. This redesign brought new life to the Silver Eagle line while honouring its American roots. It was the ideal moment for the United States Mint to transition the graphics on the coin to assist the Silver Eagle in maintaining its dominance long into the 21st century, and the introduction of the coins in 2021 will celebrate the 35th anniversary of the series.

Key Dates and Mintages

In 2015, when demand for silver was at its greatest point, the largest mintage produced was 47 million. The growing silver bullion market resulted in extremely large mintages of over 30 million for most dates that were issued in the 2010s. For the first two years of the program's existence, the greatest mintage statistics were achieved. When the Proof American Silver Eagle first came out in 1986, it was one of the few coins ever made. However, only 1.4 million were made. In the beginning, the burnished coin was quite popular; in 2007, when it was only available for the second time, it reached 612,000 units. Although it was suspended for two years in 2009-2010, it has not been able to surpass the highs it reached in 2006-2008.

Difference Between Proof and Burnished American Silver Eagles

Proof and burnished (also known as uncirculated) versions of the American Silver Eagle are both produced by the United States Mint. Both versions are unique from one another. There is a major difference between the two in terms of the minting technique and the polish that they produce, even though both have 99.9% pure silver. The proof and burnished coins are both valuable alternatives that do have a brilliant appearance; nevertheless, they are made in various ways and have aesthetic characteristics that are slightly distinct from one another. To produce burnished or uncirculated Silver Eagles, mass manufacturing techniques are utilized on high-speed presses during the striking process. On the contrary, proof American Silver Eagle coins are subjected to a thorough minting procedure that is separate from the manufacturing of normal coins. This technique results in the creation of coins that have mirrored surfaces that are not present on coin releases that are considered standard. The procedure starts with coin blanks, which are then subjected to a specific treatment and polished to obtain a quality that is as smooth and reflective as a mirror.

Certified Silver Eagles

The coins are evaluated by reputable grading firms such as PCGS (Professional Coin Grading Service), NGC (Numismatic Guaranty Corporation), and CAC (Certified Acceptance Corporation) depending on their physical condition, and then they are assigned a grade on the Sheldon Scale. The American Silver Eagle is then encased once it has been graded to safeguard its quality and guarantee that it is genuine. These coins are more valuable and appealing because of how precisely they are graded.

Buy American Silver Eagles From Au Bullion

If you're just starting to invest in precious metals , American Silver Eagles are an excellent entry point. These coins offer a trusted and valuable option for those looking to invest in silver. For American i nvestors, purchasing precious metals such as gold, silver, and platinum is a strategic way to diversify and secure your portfolio. Au Bullion provides a comprehensive selection of top-tier bullion coins available in the United States, including Silver Eagles. Whether you choose to invest in silver, invest in gold, or invest in platinum, Au Bullion has the products you need. You can buy gold, buy silver, and buy platinum with confidence, knowing you're acquiring high-quality assets that can enhance your investment strategy. For those looking to buy precious metals in the United States, Au Bullion is a reliable and reputable source, offering a wide range of options to suit various investment needs.