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A Brief History of American Silver Eagle

The United State Mint first introduced the American Silver Eagle on November 24, 1986. As a matter of fact, this struck at just one-troy ounce size which has an equivalent value of one dollar and guaranteed to have one troy ounce of 99 percent pure silver.

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Only the United States Mint can certify the weight, purity and content. Aside from the bullion version, the United States Mint produced proof version and uncirculated versions for collectors. That being said, you will find three different mints for the Silver Eagle which are San Francisco Mint, Philadelphia Mint and West Point Mint. Truth is, for those who have a bullion coin, they can make use of it for funding Individual Retirement Account investments.

Basically, there are so many things that you have to learn from the coin and one of this is the design. The design of the coin was derived from Walking Liberty by Adolph A. Weinman which had been used initially on Walking Liberty Half Dollar Coin of the US starting from 1916 until 1947. Since this design has become iconic, became a public favorite and beloved design of any US coinage of the contemporary time, it’s revived for Silver Eagle a few decades later. Obverse is inscribed along with the minting or the year of issuance and the phrase “In God We Trust” and the word Liberty.

John Mercanti has his own input for the reverse design that portrays a heraldic eagle behind the shield. The eagle holds arrows in the left talon and olive branch on its right talon, echoing the Great Seal of US. And on top of the eagle is the 13 Colonies which is represented by the 35-pointed stars. Reverse inscribed with following phrases United States of America, 1oz Fine Silver

The legislation for American Silver Eagle bullion program stipulated that the silver used to mint the coins be acquired only from Defense National Stockpile together with the intent of depleting the stockpile’s silver holdings from time to time in the coming 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. You’d learn a lot from the uses and benefits of it by doing research.