American Silver Eagle

What is the American Silver Eagle?

The American Silver Eagle bullion coin was first introduced by the US Mint in 1986 and is now known across the world as the United State’s official silver bullion coin. The coin contains one troy ounce of 99.9% pure silver and is backed by the US government. The silver eagle is a favorite among investors and collectors in the US and all around the world. In design, the coin features Lady Liberty on the obverse and, on the reverse, the US seal.

1 oz American Silver Eagle Coin (Random Year) 2

Coin Highlights

  • This coin is 1 ozt pure silver .9999
  • Most popular Silver coin
  • IRA eligible
  • Unlimited purchase quantity without 1099-B Reporting to IRS
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American Silver Eagle Design

There are two designs to this coin. There is an original design and a new, updated 2021 design. The original coin’s design features the creations of artists Adolph A Weinman and John Mercanti. In 2020, a new design was unveiled for the coin’s reverse. The coin’s new 2021 design comes on the heels of the 35th Anniversary of the American Eagle Coin’s first minting. Also, now there’s a silver coin and a gold coin and both have commemorative 2021 versions.

Highlights of the American Silver Eagle

  • These coins are composed of 1 troy oz of .999 fine silver. 
  • Each coin is backed by the US mint. 
  • American Silver Eagle 1 oz coins are packaged individually when they’re sold individually. They are also sold in multiples. 
  • Multiples of 20 are sold in plastic mint tubes and sold in packs of 20.
  • Boxes of 500 are also sold, they’re called “Monster Boxes” and with a “Monster Box” all of the coins are packaged together. 
  • These coins are present a unique investment opportunity as they’re eligible to be placed into a precious metal IRA. 
  • The coin’s obverse features Adolph A. Weinman’s Lady Liberty design. In this depiction, lady liberty is tall, statuesque, and in a flowing dress with her right hand extended. As her dress flows around her, it’s revealed that she is, in fact, wearing an American flag. At Lady Liberty’s feet, the sun shines with bright rays pointing upward toward her. 
  • Also printed on the front are the coin’s year of minting and the words “In God We Trust”.

2006 Burnished American Silver Eagle

These coins were created in 2006 to celebrate the 20th anniversary of the coin’s official release. The finish on these coins is what makes them different and also what makes them a favorite among collectors. The 2006 burnished coins are only minted at the West Point Mint. Because of this, they get the “W” mint mark.

How pure is the American Silver Eagle coin?

These coins are composed of .999 fine silver, each containing 1 troy oz. As far as silver coins go, this is the most pure they are and could ever be. This is the same for the 2021 design, the 2006 design and the original design of the coin. 

Can you buy American Silver Eagle coins?

Yes. These coins are very popular with collectors everywhere – the American Silver Eagle coin is loved by collectors around the world because of the patriotic American design and the fact that they’re backed by the US mint. The back of this coin was redesigned in 2021, which made this coin even more popular. A burnished silver American Eagle was created in 2006. As always, when purchasing coins it’s important to work with a reputable dealer who has the correct paperwork and knowledge to understand what they’re working with.

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