American Eagle Coins
The Silver American Eagle
Among all of the rare coins to collect and invest in, the American Silver Eagle 1-oz silver coin is one of the most sought-after. The U.S. Silver Eagle coins are struck in 1 Troy ounce of 99.9% fine silver. However, it has become one of the most popular investment coins for more than just its metal content.
Collectors and investors alike are drawn to the coin because of its guaranteed quality backed by the U.S. Department of Treasury. United States Eagle coins also continue to be popular worldwide, which makes it harder to get your hands on them. That’s part of why the coin is an excellent addition to any coin collection or investment portfolio, but that’s not all.
Top Reasons Why the Silver American Eagle Coin is Good Fit for Any Buyer’s Portfolio
Investors continue to buy Silver American Eagle coins for their portfolios for many reasons. In fact, the following are the top reasons for investing in the rare coins:
- Every coin is made from 1 Troy ounce of 99.9% pure fine silver
- The United States government backs every coin’s value
- You can include the Silver Eagle bullion coins in your IRA
- The mirror-like finish of each proof coin creates a stunning look
- Top-quality proof coins are PF70 certified
- Silver coins diversify your portfolio in an affordable and accessible way
History of the U.S. Silver Eagle
Despite being one of the most popular silver coins to purchase, the American Eagle Silver bullion coin has only been around since the U.S. Mint produced the first coin in 1986. Since then, it has developed an interesting history.
The House Armed Services Committee first authorized selling some of the nation’s silver holdings in 1982 to balance the federal budget. The decision came after more than ten years of Congressional pushback, but an agreement was eventually reached. 75% of Defense National Stockpile silver holdings would be sold over three years.
The total equaled 105.1 million Troy ounces, and the decision marked a change in how the country would handle its silver holdings in the future. However, they soon overturned the 1982 decision because of fear that it would ruin the silver market.
Two years later, Congress was faced with another silver dilemma when the Liberty Coin Act of 1985 passed. The act officially authorized production of the United States Eagles coins. The coins were then introduced to the market on November 24, 1986.
From the first production date, the Mint locations have changed three times. It started in San Francisco, moved to Philadelphia in 1993, and began in West Point in 2001. Each Mint left its mark, “S,” “P,” and “W,” respectively.
In 2009, West Point did not mint any proof versions but began again in 2010. They continued to produce all of the coins until the other two locations joined in production from 2016 to 2017.
Silver American Eagle Design
When you look at Silver Eagle coins for sale, you’ll notice that the design tells a story of America’s history with coinage. Its obverse features an iconic design known as the “Walking Liberty.” It was originally designed by Adolph A. Weinman and first appeared on the Walking Livery Half Dollar from 1916 to 1947. The design quickly became a crowd favorite, so it remains a steadfast part of American monetary history. The Silver Eagle coin features the words “Liberty” and “In God We Trust” along with the design.
On the opposite side of the coin, you’ll see an American bald eagle portrayed by John Mercanti. The bird dons a patriotic shield across its breast while grasping a bundle of arrows and an olive branch in its left and right talons, respectively. Above the eagle’s head, you’ll find thirteen stars representing the original colonies of the United States. Finally, the coin is topped with the words “United States of America,” and the coin’s face value and weight set on the bottom.
Why You Should Buy American Silver Eagles
If you think you might want to buy Silver Eagle coins, now is a great time to begin your precious metals portfolio. Silver has a low cost per ounce, so it is easy for new collectors and investors to find the cheapest Silver Eagles for sale. However, it’s important to know that you will still need to invest a considerable amount of money to buy Silver Eagles due to their rarity.
Fortunately, you don’t have to look far to find American Silver Eagle coins for sale. International Precious Metals is the best place to buy Silver Eagles online. We have a wide selection of American Eagle coins for sale, so you should browse our listings. If you don’t see a price listed, feel free to call us. We are also happy to answer any questions you may have as you navigate the world of precious metals investing.