HeAmerican silver eagle (ASE)was first released in 1986 as part of the American Eagle coin program. American Eagle gold coins were authorized by the Liberty Coin Act signed by President Ronald Reagan in 1985. The first silver eagles were released on November 24, 1986, becoming immensely popular with investors and collectors from the outset.
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The American Silver Eagle has Adolph A. Weinman's Walking Liberty design on its obverse, a motif first used inUnited States half dollarminted from 1916 to 1947 and taken from a 39-year retirement to appear on this iconic silver coin. Lady Liberty is draped in the American flag while carrying an oak branch on her left arm.
Meanwhile, the reverse features a modern and stylized heraldic eagle by John Mercanti. In one claw, the eagle holds an olive branch, and in the right claw, a bundle of arrows. The design is very similar to the Great Seal of the United States. Entries include the weight of a troy ounce ("1 OZ"), currency face value ("ONE DOLLAR"). A new design for the reverse was first released in 2021 in honor of the 35th anniversary of the American Silver Eagle series. The obverse remains the same.
Silver eagles were first minted from stored silver held by the United States government. In terms of silver content, each ASE is minted with 0.999 fine silver (99.9% pure silver). Coin prices when you buy American Silver Eagles are close to the price of silver, selling for a few dollars above their meltdown value in the silver market. To purchase this silver coin wholesale, authorized buyers have a 500-coin "Monster Crate" available.
Types of American Silver Eagles
While the first decade of production saw a relatively stable lineup of ASE, with conventional gold bar quality (formerly called Uncirculated Silver Eagles) and proof minted each year, in 1995 the West Point Mint accumulated a limited amount of proof to list. of the tenth anniversary. eagle set. He1995-W Silver Eaglethe W mint brand was released as a free bonus inclusion with the anniversary set, and only 30,125 were made. The 1995-W test quickly became popular with collectors, serving to this day as the rare regular issue date of the entire series.
Since the first decade of the 21st century, ASEs have been minted in a number of other numismatic varieties, including reverse proof, polished finish and improved uncircled. Attractive rates for gold quality pieces were originally for the Philadelphia Mint with the first tests coming from the San Francisco Mint. However, coinage allocations have changed over the years, with Philadelphia's impressive trials during a period in the 1990s and the West Point Mint taking over the vast majority of ASE production in the year 2000.
Here is a breakdown of the main types of American Silver Eagles:
Lots of uncircled bright American silver eagles.
Bullion ASEs represent entry-level coins minted with the investor in mind. While featuring high-quality surfaces, as is typical of all American Eagle gold coins, they are minted in large numbers and distributed by the United States Mint through a network of authorized dealers with a little less regard for preservation of finish than that accorded to numismatic strokes. . They can be purchased for relatively small premiums atspot price of silver.
However, older ASEs are worth a significant amount above spot values as they are scarcer than newer issues. Among the most valuable gold quality strikes are those from 1986, 1994, 1995 and 1996, the latter being the key date for all regularly issued gold strikes.
The first test of the American Silver Eagles was launched in 1986 with the series premiere. They have been included in proof sets and struck in every year except 2009, when a planchet shortage reportedly halted production of all non-bullet silver eagle coins. Regular tests are relatively common, so some of the above parts are quite rare in PR69 series and above. Coin grading is done by third parties such as PCGS and NGC.
Silver Eagle Proof Coin | image viausa coin book
Early reverse proof versions of the American Silver Eagle debuted as a strike issued by the Philadelphia Mint in 2006 and were made in small numbers.
The test variety proved to be a hit with collectors, and today the2006-P reverse testis relatively scarce due to sustained demand. Several more reverse proofs followed in 2011, 2012 and 2013, and all of these pieces remain very popular with collectors; with a mintage of 99,882, the2011-P reverse testit had the lowest mintage numbers of the four editions and is the most valuable of the reverse proof editions.
Silver Eagle Reverse Test | image viausa coin book
Polished (not circled)
Debuting in the same year as the reverse proof, the first polished silver eagle was cast in 2006 by the West Point Mint. They have a similar finish to gold quality issues but offer a somewhat dull luster and are therefore desired by coin collectors as a distinct numismatic issue.
Polished ASEs have been made in most years since their debut, with the exception of 2009 and 2010, during a period of high demand for gold-quality silver eagles, for which clipboards are given top priority.
Polished silver eagle | image viausa coin book
Improved non-circled finish
The American Silver Eagle's first enhanced finish was released in 2013, featuring a unique specimen-quality matte finish. It is a special numismatic offer rarely seen at ASE. The United States Mint released its second Enhanced Finish Silver Eagle in 2019 with the Pride of Two Nations 2-Coin Set, combining the 2019-W Enhanced Finish Silver Eagle with a Canadian Maple Leaf coin. 2019 silver.
ASE Enhanced Finish | image viausa coin book
Insects and Varieties
The ASE series offers some interesting varieties. Perhaps the most popular and valuable of these is the 2008 Reverse Polished 2008-W. An estimated 47,000 were hit and worth huge premiums compared to the Reverse Polished 2008-W ASEs of the regular edition.
When the relatively few known bugs hit the market, they are usually off-center scams and blank slates. In fact, quality control at United States Mints is quite high with all of their gold coin programs, including the American Silver Eagle.
Coletando American Silver Eagles
It goes without saying that the American Silver Eagle program is among the most popular of all gold programs in the world. Not the oldest in the modern world series of ingots - goldSouth African KrugerrandGold coins arrived in 1967, the Canadian Maple Leaf debuted in 1979, the Mexican Liberties was born in 1981, and the Chinese Panda Gold Bar program was introduced in 1982.
But the American Silver Eagle, along with itsamerican golden eagleits counterpart (and the latest platinum and palladium releases) are widely traded in the United States and abroad and are trusted by investors and collectors around the world. They are among the most commonly found coins in the precious metal circle.
see the differentSilver Eagle product listingsavailable for sale at Gainesville Coins on our category page.
Golden and silver eagle comparison.
Although numismatic scams are primarily aimed at collectors, a good number of investors also purchase them to add pizzazz to their holdings. Meanwhile, the gold bar-quality ASEs also enjoy Converse's crossover appeal among collectors, many of whom build date sets ranging from 1986 to the present.
Many collectors seek all types of ASE, and the Silver Eagle Registry sets collection goals set by leading encapsulation services Professional Coin Grading Service (PCGS) y Numismatic Guaranty Corporation (NGC) force wealthy collectors to buy high-quality examples in the quest to build the highest-quality collections possible.
Values of the Silver Eagle Coin
Joshua McMorrow-Hernandez is an award-winning journalist, editor and blogger for the Numismatic Literary Guild. He is also the author of several books, including works describing the history of the United States Mint and United States coins.
More information from the author before buying silver:
An Introduction to the American Gold Eagles (Including Values)
Most Valuable Kennedy Half Dollar
Walking Liberty Half Dollar Values
What is the current price of Silver Eagles? ›
|2 - 4||$3,124.00||$3,217.72|
|5 - 9||$3,116.00||$3,209.48|
|10 - 19||$3,109.00||$3,202.27|
One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Companies involved in silver mining rarely do so as their main objective. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own.Which year is silver eagle most valuable? ›
The 1994 and 1996 silver eagles are the most valuable and popular of the silver eagles, but don't overlook the 1997 and 1995 silver eagles, which have the third- and fourth-lowest production levels, respectively.Do American Silver Eagles go up in value? ›
Reasons American Silver Eagles are a Good Investment: American Silver Eagles make great investments because they carry an intrinsic value and won't fall in value like other currencies.Do banks buy Silver Eagles? ›
Yes, you can buy American Silver Eagle coins at a bank. The U.S. Mint indicates that it sells Silver Eagles to authorized purchasers. These “authorized purchasers create a two-way market buying and selling to wholesalers, financial institutions, and other secondary retailers.”What are the key date Silver Eagles? ›
Uncirculated Silver American Eagles from 1996 are the series' key date, with a mintage of 3.6 million. This is the lowest regular-issue coin in the series.What is a reasonable premium for silver? ›
Bulk usually meaning something north of 10 ounces (or units), and typically closer to 100 ounces (or units) and up. A fair premium for silver bars is typically 5% to 8%, while silver coins usually trade for 12% to 20% premiums above spot.Do you pay taxes on Silver Eagles? ›
Similarly, there are several bullion products that are exempt from reporting, regardless of the quantities that a customer may sell. Such pieces include, but are not limited to: Fractional Gold Coins. Gold or Silver American Eagle Coins.Why do 1 oz silver coins vary in price? ›
Supply / demand factors. Government mint seigniorage fees. Mintage or number of coins struck and issued. Year of issuance as some small mintages drive collectibility.What to look for when buying Silver Eagles? ›
Silver Eagle Design
The reverse features the US Eagle and Shield emblem with 13 stars. The words "1 oz fine silver ~ one dollar" are featured on the bottom of the coin along with "United States of America" across the top of the reverse. Each year the date is updated on the front of the coin.
Are graded Silver Eagles worth more? ›
In general, the MS70 grade retails at about 2 to 3 times the cost of a raw coin while the MS69 grade retails at about 1.5 to 2 times the cost of a raw coin. Unfortunately, these graded coins only have a "one-way-market" from the big national coin dealers to the consumer.What is the difference between Type 1 and Type 2 Silver Eagles? ›
While the original Type 1 Silver Eagle featured the Heraldic Eagle of the United States, the newly released Type 2 shows the Bald Eagle flying with an olive branch in its talons.What is the best way to sell silver coins? ›
The easiest way to sell coins is to track down a reputable dealer. They'll offer a wholesale price instead of retail, but a lower rate might be worth the convenience. Other options include auctions, online marketplaces, and searching an online forum for collectors.What is the lowest mintage American Silver Eagle? ›
Key Date Silver Eagle Mintages
Important to know, the lowest mintage for a bullion coin is the 1996 Silver Eagle, at 3,603,386. In contrast, the highest mintage bullion year is the 2015 Silver Eagle. Sales reached an astounding 47,000,000 coins and achieving the sixth annual sales record in seven years.
Bullion Exchanges is proud to present the 2023 1 oz Silver American Eagle $1 Coin BU, the newest release from the US Mint's official bullion coin series. This iconic American coin contains . 999 fine silver and weighs 1 troy ounce.What is the best place to buy silver? ›
- SD Bullion.
- American Precious Metals Exchange (APMEX)
- GoldSilver, LLC.
- Birch Gold Group.
- JM Bullion.
- Money Metals Exchange.
- Golden Eagle Coins.
You can purchase silver through local dealers and pawn shops or online dealers such as APMEX or JM Bullion. More specialized dealers allow you to purchase whole bars rather than just coins.Which bank owns the most silver? ›
JP Morgan's COMEX silver warehouse now holds the most significant physical silver bullion position of all time.Why does my Silver Eagle not have a mint mark? ›
Bullion Silver Eagle coins do not have mintmarks. From 1986 to 1998, they were produced at the San Francisco Mint. From 1999 to 2000, they were produced at the Philadelphia Mint and West Point Mint.Where are most Silver Eagles minted? ›
American Eagle Silver Proof Coins are minted at the U.S. Mint at West Point and bear the “W” mint mark. The obverse design of the American Eagle Silver Proof Coins is based on Adolph A.
Why are 1996 Silver Eagles so expensive? ›
The bullion 1996 Silver Eagle carries a premium due to its low mintage. The United States Mint also offered the 1996 Proof Silver Eagle (Buy on eBay) for collectors. These coins were priced at $23.00 and carried a maximum authorized mintage of 500,000 coins.What is the best weight to buy silver? ›
The most popular silver bars, rounds, and bullion coins in the world are those in the 1 oz weight. These products are so popular because they offer the best combination of affordable pricing and flexible storage.Is it worth buying 90% silver coins? ›
Older 90 Percent Silver Coins Are Worth at Least Their Face Value. All silver half-dollars, quarters, and dimes made between the 1830s and just prior to 1965 are, at a minimum, 90 percent silver. These coins are often referred to as “junk silver,” but they're hardly junk when it comes to their value.How much silver should a person own? ›
Some analysts recommend allocating 5–10% of your portfolio toward gold and silver. Others suggest allocating up to 25%.How much silver can I sell without reporting? ›
We are required by law to report any sales of 90% silver US coins that exceed a face value of $1,000, as well as any sales of the previously mentioned gold coins, in which more than 25 pieces have been sold.How much silver can I keep at home as per tax? ›
If the value of silver is over Rs. 5 lakh, then you will have to submit the registered valuer's report and Form No O-8. The report won't be binding and the tax assessing officer can determine the fair market value separately. 1% Wealth tax is payable if the net taxable wealth exceeds Rs.How much gold can you buy without reporting it to the IRS? ›
For sales of gold bars and rounds to be considered reportable, every individual piece of bullion must have a fineness of at least . 995 and the total purchase quantity must be 1 kilo (32.15 troy ounces) or more.Is it better to buy silver rounds or silver coins? ›
Rounds are the best option if your main objective is to invest. The value of rounds is based on their precious metal content, making them more affordable than silver coins. Another factor to consider is the various designs of the rounds. If you intend to sell your silver quickly, coins are often the better choice.Is it better to buy silver bullion or silver coins? ›
Silver bullion can typically be acquired at lower premiums than silver coins and has a value that closely tracks the spot price of silver. This means that as long as you properly store silver bullion, you can reliably track changes in its value by checking the current price of silver.Will silver go over $100 an ounce? ›
Silver will reach $100 per ounce the quickest if inflation approaches double digits in 2022 and 2023. The inflation rate is expected to be around 5% in 2021.
Should I buy graded Silver Eagles? ›
Absolutely! Silver Eagles are popular, have liquidity, and hold additional value to collectors. They're always in demand due to their silver content and purity, as well as their value as U.S. legal tender.Is MS70 worth it? ›
Are MS70 bullion coins worth it? From an investment standpoint, MS70 coins likely aren't worth the investment if you're paying a high premium. In most cases, coin dealers selling high-grade coins aren't offering anything of true numismatic value.Which is more valuable NGC or PCGS? ›
PCGS is considered the more esteemed grading service overall. Coins graded by PCGS tend to have a higher resale value. This does not mean that NGC is a bad grading company, it is still one of the top coin graders in the world and people will pay more for an NGC slabbed coin than a non-slabbed coin.What is 1 oz of fine silver worth? ›
|Silver Spot Prices||Today||Change|
|Silver Prices Per Ounce||21.85||+1.29|
|Silver Prices Per Gram||0.70||+0.04|
|Silver Prices Per Kilo||702.48||+41.47|
USA Coin Book Estimated Value of 1986-S American Silver Eagle (Bullion (No Mint Mark) Variety) is Worth $103 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins.