On November 24, 1986, the United State Mint first introduced to the masses the American Silver Eagle. The truth is, it’s just at one-troy ounce size for this coin and at the same time, has a value of one dollar and sure to have one troy ounce of pure silver.
If you wish to discover more about American Silver Eagle, I encourage you to keep on reading.
The weight, purity and content are all certified by none other than, United States Mint. 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 together with year of issuance or minting the word Liberty as well as the phrase “In God We Trust”.
Then again, John Mercanti has presented a reverse design which portrays heraldic eagle behind a shield. The eagle is holding arrows in its left talon and olive branch in its right, which echoes the Great Seal of US. Just above the eagle, you’re going to find 35-pointed stars which represent the 13 Colonies. 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 among the people interested about this, then it is strongly recommended that you take the time to read more about this subject. This way, you’ll be better equipped with the knowledge on how to acquire this and on where it can be best used. You’d learn a lot from the uses and benefits of it by doing research.