First released by the United States Mint on November 24, 1986, the American silver Eagle is the official silver bullion coin of the United States.Struck only in the one-troy ounce size with a face value of one dollar, it is guaranteed to contain one troy ounce of 99.9% pure silver. Authorized by the United States Congress and backed by the United States Mint for weight, purity and content, it is one of the most adorned and prestigious 1 oz. silver bullion coins, and the top-selling silver coin around the world.
The design for the obverse side bears the Walking Liberty half dollar design that was used between 1916 and 1947, created by Adolph A. Weinman (1870-1952). This iconic design is one of the most beloved portrayals of any United States coinage of modern times The United States Mint describes the obverse features as “… an ever hopeful Lady Liberty striding confidently toward the sunrise, draped in the strength of the Stars and Stripes carrying in her arms branches of laurel and oak to symbolize both civil and military glory.” The obverse side bearsWeinman’s initials on the hem of Lady Liberty’s gown, and inscriptions with the year of minting or issuance, the word “Liberty”, and the phrase “In God we trust.”
The reverse side was designed by John Mercanti. It depicts a heraldic eagle behind a shield, clutching an olive branch in its right talon, and arrows in its left one, as in the Great Seal of the United States. Above the eagle there are thirteen five-pointed stars for the thirteen original Colonies. The banner in the eagle’s beak bears the phrase E PLURIBUS UNUM (Out of many, one).The reverse also has the inscriptions”United States of America”,”1 oz. Fine Silver”, and “One Dollar.”
Silver bullion coins
The American silver Eagle bullion coin is 0.117 inches (2.98mm) thick, 1.598 inches (40.6mm) in diameter, it has a reeded edge, and contains 0.999 troy oz. (31.072g) of silver, with the balance of copper.
American Silver Eagles kept up with their recent high demand, securing the sixth highest monthly sales in total and the best April. American Silver Eagle coins sold a record 4,590,500 pieces in April, down 14.3% from the previous month’s 5,554,000 coins but up 12.3% from the 4,087,000 coins sold during the same month last year. American Silver Eagle sales in the January to April period have reached 18,469,500 pieces, topping the previous record four-month start of 18,310,000 coins in 2013.
Following the 2008 debt crisis, sales of silver American Eagles skyrocketed, rising from 9,028,036 coins in 2007 to 20,583,000 in 2008, 30,459,000 in 2009, and 40,020,000 pieces in 2011. As a result of high demand, pre-2005 silver bullion Eagles are becoming collector’s items, claiming very high premiums at the secondary market.
Add to this the American Eagle silver Bullion coin’s exclusive backing by the U.S. Government and its beautiful and uniquely symbolic American design, and you can see why demand for these coins continues to grow.
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