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The American Silver Eagle is the official silver bullion coin of the United States. It's one of the most popular silver coins among collectors and investors due to its guaranteed weight, purity, and beautiful design. Here's a breakdown of its key features:
Weight, Purity and Denomination:
- Contains one troy ounce of 99.9% fine silver
- Face value of one U.S. dollar ($1 USD)
Design:
- Obverse (front): Features Adolph A. Weinman's "Walking Liberty" design, originally used on the Walking Liberty Half Dollar (1916-1947). It depicts Lady Liberty in a flowing gown, striding confidently towards the rising sun with outstretched arms.
- Reverse (back): Displays a heraldic American bald eagle landing on a rocky crag, with a wreath of olive branches below. The design was created by Emily Damstra in 2021.
Minting:
- First introduced by the United States Mint in 1986.
- Produced in various finishes:
- Bullion coins (most common)
- Proof coins (collector versions with a sharper, frosted finish)
- Uncirculated coins (collector versions with a mint finish)
Popularity:
- American Silver Eagles are popular for several reasons:
- Guaranteed weight and purity by the U.S. government
- Beautiful and historic designs
- Potential investment value based on silver prices
- Recognition and liquidity in the precious metals market
Value:
The value of an American Silver Eagle depends on several factors:
- Spot price of silver: The majority of the value comes from the silver content, which fluctuates with market prices.
- Type of coin: Proof and uncirculated coins can have a premium over bullion coins due to their collector value and lower mintage numbers.
- Condition: Well-preserved coins tend to be worth more than worn ones.
Where to Buy:
- American Silver Eagles can be purchased from various retailers including:
- The United States Mint
- Coin and bullion dealers
- Online precious metals traders
Additional Notes:
- Not all silver rounds or silver coins are American Silver Eagles. Only those produced by the U.S. Mint with the specific design and weight qualify.
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