Similar to the Gold American Eagle, the Silver American Eagle is just
as stunning and a worthwhile coin to add to one's portfolio. Silver
coins have been circulating for a number of decades and even centuries
for that matter. However, the American Eagle represents one way to own
quality silver and a beautiful coin at the same time.
The Silver American Eagle coins were not actually minted until 1986
which is a year after the United States congress authorized the minting
of such coins. The Silver Eagle is the United States' only silver
bullion that has an official investment grade. This is just another
reason why this coin makes the perfect choice for your next investment.
By the way, did you know that the American Silver Eagle is the only
silver coin allowed to be included in an IRA?
Every shining Silver Eagle contains one troy ounce of pure silver (.999
fine silver). Each coin is measured at 1.598 inches (40.6 mm) in
diameter. The thickness of each coin is.117 inches (2.98 mm). Each coin
offers a brilliance and quality craftsmanship that many other silver
coins can't compete with.
The Silver American Eagle Features
The design for the obverse or face of the coin was modeled after the
famous "Walking Liberty" (half dollar) that was originally minted in
1916. Liberty is walking with the sun rising at her feet & carrying a
branch of both laurel and oak in her left arm. The designer of the
Walking Liberty was Adolph Alexander Weinman who was a German immigrant
and also designed the "Mercury" dime which was also minted first in
1916.
The opposite side of the coin is an eagle with its wings open and high
and there is a shield protecting its body. The eagle's right talon
holds an olive branch while the left talon holds an arrow. Above the
eagle's head are 13 stars which form an upside down triangle shaped
pattern. The 13 stars represent the original 13 colonies that founded
the United States of America.
The Origin of the Silver American Eagle
The nation's defense stockpile of silver was used to create the Silver
Eagle in the hopes to reduce the national deficit. Originally, a
request made in 1983 was for the stockpiled silver to be sold but there
was opposition and the request was suspended. The sales were suspended
for 2 years until the request was amended and the silver to be sold in
the form of coins. This legislation is called the "Statue of Liberty-
Ellis Island Commemorative Act" with the amendment knows as the
"Liberty Coin Act" and approved in 1985.
Of the three mints (Philadelphia, San Francisco and West Point), San
Francisco minted the first Silver Eagle coin. Since this time, the
Silver Eagle has been offered in various occasions as part of a number
of collections. The first collection it was included in was the
Philadelphia Set in 1993 which included 3 proof American Gold Eagle
coins.
Like the Gold Eagle the Silver Eagle is distributed to buyers, such as
precious metal firms and wholesalers, other than the general public.
These specific buyers pay $2.00 per coin over the current market rate
and with a minimum order. There are some uncirculated coins which are
dated between 2006 and 2008. Each coin is considered legal tender at
face value of $1.00.
If you are interested in purchasing a Silver Eagle, please only
purchase the coin from a reputable seller. The Silver American Eagle
coin offers a beautiful design and it is also a worthy coin to add to
any coin collection.
CoinManHerb LLC was formed to help those looking for information on
precious metals. I focus on Gold and Silver Bullion and Numismatic
coins. My goal is to be your primary source when it comes to the
precious metals market.
http://CoinManHerb.com
When you think of Gold and Silver...Think CoinManHerb!!
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