Why People Think Coins Are A Good Idea

A Brief History of American Silver Eagle

The American Silver Eagle was first introduced by United State Mint on the 24th of November, 1986. 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.

And if you’re interested to discover more, then I suggest that you check out the next paragraphs.

If there’s one thing that you should know, it is that the weight, purity and content can be certified only by the United States Mint. Aside from the bullion version, the United States Mint produced proof version and uncirculated versions for collectors. Because of this, the Silver Eagle has three mints and these include San Francisco Mint, Philadelphia Mint and West Point Mint. Believe it or not, those who currently own a bullion coin can utilize it to fund their Individual Retirement Account investments.

There are basically a lot of things you should learn from the coin and among it is the design. Truth is, the coin’s design was taken from Walking Liberty by Adolph A. Weinman which had been originally used on Walking Liberty Half Dollar Coin of the US from 1916 to 1947. Because this design becomes iconic and has been a public favorite as well as beloved design of US coinages of modern time, it is not a surprise that it’s revived for Silver Eagle few years later. The obverse is inscribed w/ the year of issuance or minting, the word Liberty and phrase “In God We Trust”.

Then again, John Mercanti has presented a reverse design which portrays heraldic eagle behind a shield. The eagle holds arrows in the left talon and olive branch on its right talon, echoing the Great Seal of US. Above the eagle, you’ll find the 35-pointed stars that represent the 13 Colonies. The reverse is inscribed with the 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 is going to help you in learning where to acquire it and how to use it. You’d learn a lot from the uses and benefits of it by doing research.