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A Brief History of American Silver Eagle

The American Silver Eagle was first introduced by United State Mint on the 24th of November, 1986. The truth is, it’s just at one-troy ounce size for this coin and at the same time, has a value of one dollar and sure to have one troy ounce of pure silver.

If you wish to discover more about American Silver Eagle, I encourage you to keep on reading.

The weight, purity and content are all certified by none other than, United States Mint. Furthermore, the United States Mint has a special version of the coin that are intended only for collectors and these are proof version and uncirculated version. That being said, you will find three different mints for the Silver Eagle which are San Francisco Mint, Philadelphia Mint and West Point Mint. Believe it or not, those who currently own a bullion coin can utilize it to fund their Individual Retirement Account investments.

There are basically a lot of things you should learn from the coin and among it is the design. Truth is, the coin’s design was taken from Walking Liberty by Adolph A. Weinman which had been originally used on Walking Liberty Half Dollar Coin of the US from 1916 to 1947. Because this design becomes iconic and has been a public favorite as well as beloved design of US coinages of modern time, it is not a surprise that it’s revived for Silver Eagle few years later. Obverse is inscribed along with the minting or the year of issuance and the phrase “In God We Trust” and the word Liberty.

Then again, John Mercanti has presented a reverse design which portrays heraldic eagle behind a shield. The eagle is holding arrows in its left talon and olive branch in its right, which echoes the Great Seal of US. Above the eagle, you’ll find the 35-pointed stars that represent the 13 Colonies. One Dollar.

The legislation authorized for American Silver Eagle bullion program has stipulated that the silver used in minting the coins to be obtained from Defense National Stockpile along with the intent of depleting the stockpile’s silver holdings gradually for the following years.

Of course, it’s safe to say that there are many more things that should be discussed and learnt from American Silver Eagle. If you are one of the people who have serious interest for this, then it is best that you take some time to read more about this subject. Through this, you can be equipped better on how you can acquire this and where it could be used. Besides doing research can help in fully maximizing its benefits and uses.