What are American Silver Eagle Coins? Discovering an Iconic Piece of History
Updated: May 12
If you're a coin collector, history buff, or investor, you've most likely heard of the American Silver Eagle Coin. It's one of the most recognizable silver coins in the world and features historic artwork.
In the coin-collecting world, silver eagle coins are one of, if not the most, popular silver coins. They're produced by the United States Mint and were first introduced in 1986.
These coins, which are made from 99.9% pure silver, are the official silver bullion coin of the United States and are recognized worldwide for their beauty and quality.
History of the American Silver Eagle Coin
First introduced by the United States Mint in 1986, the American silver eagle coin provided investors with a reliable source of silver bullion.
They are made of one troy ounce of .999 fine silver and feature iconic artwork on either side.
Walking Liberty, an art piece designed by Adolph A. Weinman released in 1916 on the United States half-dollar coin. It was on the half-dollar coin until 1947 when it was replaced with Benjamin Franklin. After that, it made its revival on the American silver eagle bullion coin.
In 1986, Walking Liberty was reintroduced when the American silver eagle coin was first released by the United States Mint. The release of the silver eagle was a response to the Liberty Coin Act of 1985, which authorized the production of a silver bullion coin that could be used as legal tender and contain a troy ounce of 99.9% pure silver.
After this, it became one of the most popular silver bullion coins on the market because of its mass appeal.
What makes Silver Eagles So popular?
The Silver Eagle is a popular coin among collectors due to its historical significance, high quality, and limited mintage. Some specific years are more sought after than others, such as the years with lower production levels. Collectors will seek out these specific silver eagle years because of their added value.
Silver eagles are made of one troy ounce of .999 fine silver, making it a great silver bullion coin to invest in.
Since American silver eagle coins are produced by the United States mint, which the United States government backs, coin collectors can have confidence in the quality and authenticity of their coins.
The silver eagle can technically be used as currency since it has a face value of one dollar. However, it would probably be wiser to sell it for what it's actually worth since they're made from fine silver. At the very least, you can get whatever the current price of one troy ounce of silver is for these coins (melt value). Some Silver eagles are worth more than others, so not every coin is created equally!
Are American Silver Eagle coins a good investment?
The answer to this question depends on several factors, such as market conditions, your collecting goals, and personal preference.
If we're being general, silver eagles have a reputation for being a safe investment due to government backing and liquidity.
They are recognized worldwide and can be easily bought or sold, making them a popular choice among investors who seek a diversified portfolio. However, like any investment, the value of American Silver Eagles may fluctuate depending on various market factors, including the price of silver, inflation rates, and demand.
Ultimately, it's essential for investors to do their research and consider their individual circumstances before deciding whether American Silver Eagle Coins are a good investment for them. It's also important to note that investing in precious metals such as silver should be viewed as a long-term investment strategy.
The American silver eagle coin is highly demanded in the coin-collecting community because of its purity, collectibility, and historical significance.
It's a staple for many coin collectors and is a great starter coin for those who want to start a coin collection.
For those looking to buy American silver eagles or to begin investing in bullion coins, and are local in the Southern California region, visit us sometime at All Valley Coin & Jewelry in Temecula, CA.