It is a suitable store of value for investors as it is well-known for its trusted bullion content. The price of silver has increased over time, and the coin is a way to protect your wealth from inflation. As the price of silver keeps growing steadily, the coin is good at protecting against inflation.
History of American Silver Eagle
It was first released in 1986; the coin is among the most popular bullion in the world. A. Weinman’s “Walking Liberty” half dollar, struck from 1916 to 1947, inspired the obverse design of the American Eagle Silver Bullion Coins. For the 35th anniversary in 2021, the U.S. Mint changed the coin’s design using new technology. They added more new features to the new coins, including a different edge. The back of the coin shows an eagle landing with an oak branch, making it look like it’s adding it to a nest. Before 2021, the back of the coin showed an eagle with a shield, holding an olive branch and arrows from 1986 to 2021.
Specifications of the American Silver Eagle
- Denomination: $1
- Composition: .999 pure silver
- Weight: 1 troy ounce
- Diameter: 1.598 inches (40.60 mm)
- Edge: Reeded, providing a textured appearance
- Mint Mark: “W,” indicating its origin
Obverse
The obverse features Adolph A. Weinman’s iconic Walking Liberty design. This design initially depicts Lady Liberty gracefully striding towards the rising sun. She holds oak and laurel branches in her left arm, stretches her right hand towards the horizon, and has the American flag on her shoulders. Above her head, the word “Liberty” is engraved, with the date at her feet. At her heels, you’ll find the national motto, “In God We Trust.”
Reverse
The reverse of the American Silver Eagle features John Mercanti’s heraldic eagle design. The original design used on the reverse of the 1979 Susan B. Anthony dollar showcases a majestic bald eagle holding an oak branch in its right talon and arrows in its left, echoing the Great Seal of the United States. The eagle stands proudly behind a shield adorned with thirteen stars, representing the thirteen original colonies. The words “UNITED STATES OF AMERICA” and ‘E Pluribus Unum” are inscribed, and the coin’s denomination, “ONE DOLLAR,” is placed below.
About the United States Mint
- The United States Mint is a government agency responsible for producing circulating coins for the United States. It was established in 1792, and its headquarters is in Washington, D.C.
- The Mint produces circulating coins, commemorative coins, and bullion coins.
- Circulating coins are the coins that are used in everyday commerce.
- Commemorative coins are coins that are issued to commemorate special events or individuals.
- Bullion coins are coins that are minted from precious metals and are sold to investors.
- The Mint’s primary mission is to produce an adequate circulating coinage for the nation to conduct trade and commerce.
The most famous silver coins the U.S. Mint produces –
Morgan Silver Dollar
- The Morgan Dollar was minted from 1878 to 1904 and then again in 1921.
- It is named after its designer, George T. Morgan, and features a portrait of Lady Liberty on the obverse and an eagle on the reverse.
Peace Dollar
- The Peace Dollar was minted from 1921 to 1928 and again in 1934 and 1935.
- It was designed by sculptor Anthony de Francisci and was issued to commemorate the end of World War I.
If you want to buy the Silver Eagle, CanAm Bullion is a reliable friend who will help you improve your investment portfolio.
