Everything you Need To Know About Silver Amercican Eagles
If you have a collection of old bills and coins, you may have heard of the Silver American Eagles. The Silver American Eagles is the official silver bullion coin of the United States. It is deemed more of an investment than being used in day-to-day transactions in businesses. They are considered the most beautiful silver coins ever minted.
The history of the Silver American Eagles.
The first ever American Silver Eagle coins from the United States Mint were issued with 1986 date marks on the obverse side of the coin. The original Walking Liberty design was used on Half Dollars from 1916 to 1947. Its 31-year run in circulation speaks to its success as a coin and design. In 2010, the mintage total for the silver dollars is over 230 million coins. Soon after in 2014, the U.S. Mint recorded more than 44 million Silver Eagle coins sold.
The design of the silver dollars American Eagles coin.
The American Eagle Silver coin's heads or obverse bears the Walking Liberty half dollar design that was used between 1916 through 1947 and created by Adolph A. Weinman (1870-1952). 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. You will also get to see inscriptions on the obverse bearing the year the coin was minted, the texts "Liberty" and "In God We Trust". While the reverse of the American Silver Eagle has the inscriptions "United States of America", "1 Oz. Fine Silver", "E Pluribus Unum" and "One Dollar".
The different types of Silver American Eagles.
You can buy the morgan silver dollar coin either as bullion, proof or uncirculated. Bullion coins are those made with the goal of being vehicles for investment. They do not have the special collector proof or uncirculated finishes, nor carry mint marks. The Mint does not sell these coins directly to the public, but instead through a network of authorized dealers who resells them for a small premium over the current spot price of their precious metal content. Read more facts about coin collector, visit https://en.wikipedia.org/wiki/Coin_collecting.
Proof coins were issued specifically for coin collectors and, like all proofs, were and are available for direct purchase from the Mint but only during the current year of the coin's mintage.
Uncirculated coins couldn't be purchased from the U.S. Mint in earlier years. Special satin finish versions were made available beginning in 2006.
These Silver coins have become popular due to the credibility they hold in the marketplace, as the Silver American Eagle weight, purity and content are all backed 100% by the United States Mint. Also, they are IRA eligible. This allows investors to hold something physical in their investment account.