Demand for American Silver Eagle bullion strikes increased in 1989, despite silver prices dropping. The spot price of silver in 1989 fluctuated between $5.20 and $5.90 USD, which was significantly lower than the previous year. However, the number of coins struck saw a slight uptick, although sales remained below the levels seen in prior years.
Insight: The increased interest in American Silver Eagle bullion strikes in 1989 amidst falling silver prices speaks to the resilience of these coins as a reliable investment option for collectors and investors looking for long-term value.
The market perception of early American Silver Eagles struck between 1986 to 1996 is changing as they are now considered “early dates”. This designation primarily affects sealed monster boxes and graded coins, while ungraded or handled coins are still seen as bullion.
What Is the 1989 American Silver Eagle Worth?
The value of the 1989 American Silver Eagle in MS-70 grade fluctuates due to the increasing supply of these coins in the market. As more coins from this year are being graded, the prices for MS-70 coins have experienced a decline.
Insight: The oversaturation of MS-70 coins from 1989 in the market has led to a decrease in their value, highlighting the importance of rarity and demand in determining the worth of numismatic items.
Certification companies like NGC and PCGS have played a significant role in determining the value of these coins through their grading processes.
Design
Obverse:
The obverse of the 1989 American Silver Eagle features Adolph A. Weinman’s iconic Lady Liberty design, showcasing a symbol of freedom and resilience in American history.
Insight: The historical significance of Lady Liberty on the Silver Eagle coins adds a layer of patriotism and tradition to the numismatic value of these pieces.
Reverse:
The reverse displays Chief Engraver John Mercanti’s Heraldic Eagle, representing strength and unity with its patriotic symbols and intricate details.
Insight: The detailed design of the Heraldic Eagle contributes to the overall appeal and collectibility of the American Silver Eagle series, attracting both investors and collectors alike.
Coin Specifications
| American Silver Eagle Bullion Coin | |
| Year Of Issue: | 1989 |
| Mintage: | 5,203,327 |
| Alloy: | 99.9% silver |
| Weight: | 31.1 grams |
| Diameter: | 40.6 mm |
| Edge: | Reeded |
| OBV Designer | Adolph A. Weinman |
| REV Designer | John M. Mercanti |
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