12 facts about Silver Eagle Coins
Inception: The American Silver Eagle coin program was introduced in 1986 by the United States Mint.
Purity: Silver Eagles are made of 99.9% pure silver, making them one of the most sought-after bullion coins globally.
Design: The obverse of the coin features a depiction of Lady Liberty, inspired by Adolph A. Weinman's design from the Walking Liberty half-dollar.
Reverse: The reverse side showcases a majestic eagle with a shield, symbolizing strength and freedom. This design was created by John Mercanti.
Face Value: Despite their high silver content, Silver Eagles have a nominal face value of one dollar.
Legal Tender: Although they are legal tender, the real value of these coins lies in their silver content, making them a popular choice for investors.
Mintage: Over the years, millions of Silver Eagle coins have been minted, but certain years and special editions can be rare and highly collectible.
Numismatic Value: Some Silver Eagles, especially those in exceptional condition or with unique characteristics, can be prized by collectors and command a premium.
Security Features: Recent editions of Silver Eagles include advanced security features to combat counterfeiting, such as micro-engraved reeded edges.
Varieties: There are various editions and finishes of Silver Eagles, including proof, burnished, and uncirculated, offering options for collectors and investors.
IRA Eligibility: Silver Eagle coins meet the requirements for inclusion in Individual Retirement Accounts (IRAs), making them a popular choice for retirement savings.
Global Recognition: Silver Eagles are not just popular in the United States; they are recognized and traded worldwide, providing liquidity and versatility to investors.