By Charles Morgan and Hubert Walker for CoinWeek Notes
2009 American Silver Eagle Bullion Coin Production
In 2009, the United States Mint broke its previous record by producing 30,459,000 American Silver Eagle bullion coins. This spike in production was primarily due to the financial instability witnessed in 2008. The Mint had to work around the clock to meet the high demand for these coins, which resulted in the cancellation of that year’s Proof issue. Interestingly, this record was broken again in subsequent years.
Insight into Bullion Coin Demand and Politics
The dramatic increase in demand for American Silver Eagle bullion coins during the first term of the Obama Administration can be attributed in part to partisan politics. This phenomenon showcases how national known precious metals dealers use political angles to market their products. Customers tend to lean towards the right or libertarian ideologies and view silver and gold bullion coinage as a form of hard money.
Additional Insight into Coin Value
When it comes to the value of the 2009 American Silver Eagle, the majority of these coins are traded as a commodity at a premium over spot prices. While the value may vary based on factors such as condition and certification, the general trend for MS69 and MS70 graded coins is between $45 and $50 per coin.
Market Data and Special Specimens
In 2009, third-party certification of American Silver Eagles witnessed a tipping point, leading to an increase in the grading services focusing on MS69 and MS70 coins. Noteworthy specimens that were circulated include coins offered by United States Rare Coin and Money Reserve as holiday gifts in 2009.
Design Elements of the 2009 American Silver Eagle
The 2009 American Silver Eagle coin features Adolph A. Weinman’s iconic Lady Liberty design on the obverse and John Mercanti’s Heraldic Eagle on the reverse. These design elements have made the coin a collector favorite and have contributed to its enduring popularity in the numismatic world.
Coin Specifications
The 2009 American Silver Eagle bullion coin has specifications that include a mintage of 30,459,000, an alloy of 99.9% silver, a weight of 31.1 grams, a diameter of 40.6 mm, and a reeded edge. These specifications add to the coin’s appeal and make it a valuable addition to any collector’s portfolio.