Silver is one of the popular precious metals. Since its discovery, silver has been a reliable alternative to gold and other precious metals since it is available in many forms, including the American Silver Eagle coin.
If you want to know more about the Silver American Eagle coin, this guide is for you. Read on to learn essential details about this coin and why it is good for your portfolio.
What is the American Silver Eagle?
The Silver American Eagle is the official silver coin in the United States. The silver coins have a face value of one dollar and are struck in 1 Troy ounce of 99.9% fine silver. These coins are guaranteed by the U.S. Department of Treasury and are eligible to be included in Individual Retirement Accounts.
The American Silver Eagle is an excellent way to invest in your portfolio. thanks to its guaranteed quality and global popularity. If you are a coin collector, the American Silver Eagle coin will be a great addition to your collection due to its value and unique features.
American Silver Eagle History
The first American Silver Eagle coin was minted by the U.S. Mint in 1986. To date, the coin has been produced in three different Mints; these are the San Francisco Mint (1986-1992), the Philadelphia Mint (1993-2000), and the West Point Mint (2001-2008).
Each version of the American Silver Eagle coin produced in these locations bears an “S,” “P,” or “W” to show the location it was minted. While production was done in three locations, the West Point Mint claimed most of the production. Proof versions of the American Silver Eagle coin were not minted in 2009 but resumed in 2010 at the West Point Mint. All three locations minted silver coins in 2016 and 2017.
The American Silver Eagle Design
The design of the American Silver Eagle coin is a true reflection of the American coinage story throughout the country’s history. The coin’s obverse bears the renowned “Walking Liberty” logo created by Adolph A. Weinman, a German-born American sculptor. The portrait featured on the Walking Liberty Half Dollar from 1916 to 1947, quickly becoming a people’s favorite. This made it a popular and familiar image in American coinage history. The words “In God We Trust” and “Liberty” flank this history coin design.
On the reverse, you will see a portrait of the American bald eagle grasping an olive branch in its right talon, a bundle of arrows on its left, and a patriotic shield on its breast. You will also see the majestic 13 stars shining above the eagle’s head. These stars represent the original 13 colonies of the United States.
Invest In The American Silver Eagle Coin
Silver coins embody coinage in the United States. They have been around for many years and are highly valuable. The United States government backs the value of each American Silver Eagle coin. This makes these silver coins a good fit for any buyer’s portfolio.
