There are many coin collectors today but one of the most prized pieces that you can add to it is the Silver American Eagle. Today, there are many of these silver coins that are already circulating. If you have a Silver American Eagles you have something of great value because of its good quality silver and its beautiful design as well.
The Silver American Eagle was officially minted after congress authorized its minting in 1986. The uniqueness of this coin is seen in that it is the only silver coin with an official investment grade. And this is why the silver should be a perfect choice for those who wish to invest in it. And to add to your knowledge, this is the only silver coin that the IRA allows.
The Silver American Eagle a troy ounce of pure silver which is ,999 fine silver. Its quality craftsmanship and brilliance is incomparable with other silver coins.
The coins face shows us Liberty walking with the sun rising at her feet. If her left arm we see her carrying a branch of laurel and oil. An eagle with its wings open and high is seen on the opposite side of the coin. There is also a shield that is protecting its body. An olive branch is seen on the eagle’s right talon and on the left talon it holds an arrow. There are 13 starts above the head of the eagle which forms an upside down triangle pattern shape. These 13 starts depict the 13 founding colonies of the United States of America.
The Silver Eagle was actually created from the silver stockpile gathered from the nation’s defense and it was done to reduce the national deficit. This stockpile was first requested to be sold but because of opposition it never happened. This request was then amended after 2 years and instead of selling the silver, it was requested to sell it in the form of coins. In 1986 the first Silver Eagle was created after its approval in 1985.
The Silver Eagle is distributed to buyers like precious metal firms and wholesalers and not the general public. Those days, the buyers purchased the coins at $2.oo per coin over the market price but a minimum order was required. The value of this legal tender is now $1.00.
Those who wish to purchase the Silver American Eagles should take caution to buy only from sellers with a good reputation. If you are a coin collector, this is one piece of coin that should be added to your collection because of its beautiful design and worthiness.