The American Silver Eagle: A Closer Look
The American Silver Eagle is a highly sought-after one-ounce .999 fine silver bullion coin minted by the United States Mint. One of the fascinating aspects of this coin is its various versions, from the standard Uncirculated bullion coin designed for precious metals investors to collector pieces with finishes like Burnished, Enhanced Uncirculated, Proof, Reverse Proof, and Enhanced Reverse Proof. Between 1986 and 2020, the American Silver Eagle featured Adolph A. Weinman’s Walking Liberty design on the obverse and John M. Mercanti’s Heraldic Eagle design on the reverse.
American Silver Eagle Origins
The origin of the American Silver Eagle dates back to 1985 when Senator James McClure introduced an amendment to the Statue of Liberty-Ellis Island Commemorative Coin Act. The legislation allowed for the production of Silver Eagles using silver sourced from the Defense National Stockpile, making them available to investors at a slight premium over the spot price. The first striking occurred in 1986 at the San Francisco Mint, marking the beginning of this iconic coin series.
Congress Continues the American Silver Eagle Program
Due to its popularity, the American Silver Eagle program faced issues with depleting the government’s silver stores. Senator Harry Reid introduced legislation in 2002 to allow the Secretary of the Treasury to purchase silver on the open market once the stockpile was exhausted. This move ensured the continued production of these silver bullion coins.
Collecting the American Silver Eagle
The American Silver Eagle is not only a popular investment piece but also a highly collectible coin. With over 650 million pieces produced between 1986 and 2020, collectors seek out different versions based on date, finish, and mintmark. The American Silver Eagle is also available as certified coins graded by services such as CAC, NGC, and PCGS, adding to the desirability and collectibility of these coins.
Date-by-Date Analysis by CoinWeek Notes
The American Silver Eagle series has a rich history dating back to its inception in 1986. Collectors and investors value key dates and mintmarks for their rarity and historical significance. Each year’s release offers a unique opportunity for collectors to add a piece of American numismatic history to their collection.
American Silver Eagle, Heraldic Eagle Collector Sets
Special collector sets, like the American Silver Eagle 20th Anniversary Set, offer enthusiasts a chance to own multiple versions of these iconic coins. These sets often include different finishes and exclusive designs, making them highly sought-after among collectors.
In conclusion, the American Silver Eagle series has evolved over the years to become a staple in the coin collecting world. Its iconic designs, limited editions, and historical significance make it a favorite among both investors and collectors alike.