The Rise of the American Silver Eagle
When the American Silver Eagle Proof coin was first introduced, it faced stiff competition from other commemorative programs such as the Statue of Liberty Centennial Commemorative Coin Program. However, over time, the collector enthusiasm for the Silver Eagle has far surpassed that of other coins, establishing a strong base of collectors for this annual release.
Historical Pricing and Market Trends
The 1988-S American Silver Eagle Proof coin was initially sold by the U.S. Mint for $23, which would be equivalent to about $60 in today’s money. Despite fluctuations in silver prices, collectors were willing to pay the premium for these coins, demonstrating their value in the market.
Current Value of the 1988-S American Silver Eagle Proof Coin
Looking at recent auction data, prices for a Proof 70 1988-S American Silver Eagle vary widely, ranging from $128.50 to $995 depending on factors such as the grading service and signature label. However, a realistic retail price for this coin today falls between $300 and $320, showing a strong market demand for these high-grade specimens.
Design and Specifications
The iconic design of the 1988-S American Silver Eagle features Adolph A. Weinman’s Lady Liberty on the obverse and John M. Mercanti’s Heraldic Eagle on the reverse. With a mintage of 557,370 pieces, this coin contains 99.9% silver and weighs 31.1 grams, making it a valuable addition to any collection.