Similar to the Gold American Eagle, the Silver American Eagle is just as stunning and a worthwhile coin to add to one’s portfolio. Silver coins have been circulating for a number of decades and even centuries for that matter. However, the American Eagle represents one way to own quality silver and a beautiful coin at the same time.
The Silver American Eagle coins were not actually minted until 1986 which is a year after the United States congress authorized the minting of such coins. The Silver Eagle is the United States’ only silver bullion that has an official investment grade. This is just another reason why this coin makes the perfect choice for your next investment. By the way, did you know that the American Silver Eagle is the only silver coin allowed to be included in an IRA?
Every shining Silver Eagle contains one troy ounce of pure silver (.999 fine silver). Each coin is measured at 1.598 inches (40.6 mm) in diameter. The thickness of each coin is.117 inches (2.98 mm). Each coin offers a brilliance and quality craftsmanship that many other silver coins can’t compete with.
The Silver American Eagle Features
The design for the obverse or face of the coin was modeled after the famous “Walking Liberty” (half dollar) that was originally minted in 1916. Liberty is walking with the sun rising at her feet & carrying a branch of both laurel and oak in her left arm. The designer of the Walking Liberty was Adolph Alexander Weinman who was a German immigrant and also designed the “Mercury” dime which was also minted first in 1916.
The opposite side of the coin is an eagle with its wings open and high and there is a shield protecting its body. The eagle’s right talon holds an olive branch while the left talon holds an arrow. Above the eagle’s head are 13 stars which form an upside down triangle shaped pattern. The 13 stars represent the original 13 colonies that founded the United States of America.
The Origin of the Silver American Eagle
The nation’s defense stockpile of silver was used to create the Silver Eagle in the hopes to reduce the national deficit. Originally, a request made in 1983 was for the stockpiled silver to be sold but there was opposition and the request was suspended. The sales were suspended for 2 years until the request was amended and the silver to be sold in the form of coins. This legislation is called the “Statue of Liberty-Ellis Island Commemorative Act” with the amendment knows as the “Liberty Coin Act” and approved in 1985.
Of the three mints (Philadelphia, San Francisco and West Point), San Francisco minted the first Silver Eagle coin. Since this time, the Silver Eagle has been offered in various occasions as part of a number of collections. The first collection it was included in was the Philadelphia Set in 1993 which included 3 proof American Gold Eagle coins.
Like the Gold Eagle the Silver Eagle is distributed to buyers, such as precious metal firms and wholesalers, other than the general public. These specific buyers pay $2.00 per coin over the current market rate and with a minimum order. There are some uncirculated coins which are dated between 2006 and 2008. Each coin is considered legal tender at face value of $1.00.
If you are interested in purchasing a Silver Eagle, please only purchase the coin from a reputable seller. The Silver American Eagle coin offers a beautiful design and it is also a worthy coin to add to any coin collection.
Source by Herb Jackson
The Silver American Eagle Is a Beautiful Investment
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