Why is the American Silver Eagle Coin so well-liked by investors and collectors? In addition to being a stunning work of art, this coin has great historical significance. The “Miles Standish Book” is a fantastic source for anybody interested in learning more about this famous currency.
This book thoroughly explores topics from the American Silver Eagles history to its distinctive design elements and collector value. The background, features, and worth of the American Silver Eagle Coin will be covered in this article.
History of the American Silver Eagle Coin
Following enacting the Liberty Coin Act of 1985, the United States Mint released the American Silver Eagle coin in 1986. A novel silver bullion coin that would be a sound investment for investors and collectors was the goal of the legislation.
The American Silver Eagle was designed by Adolph A. Weinman, who also designed the Walking Liberty half a dollar. The coin’s reverse has a heraldic eagle carrying a shield, while the obverse features Lady Liberty. The American Silver Eagle has become one of the world’s most popular Silver coins since its introduction. It has been guaranteed by the complete trust and confidence of the US government and is struck in.999 pure silver.
Design of the American Silver Eagle Coin
The famous obverse and reverse designs on American Silver Eagle coins are legendary. Adolph A. Weinman’s 1916 “Walking Liberty” design appears on the obverse of American Eagle coins. Initially, half-dollar coins produced between 1916 and 1947 bore his design. The picture shows Lady Liberty walking toward the morning sun while carrying oak and olive branches in her left arm and wrapped in the folds of the US flag.
The words “Liberty,” “In God We Trust,” and the precise year of issue frame the image “Walking Liberty.” The striking heraldic eagle created by US Mint Chief Engraver John Mercanti in 1986 is depicted on the coin’s reverse as a representation of liberty, nationalism, and pride. The eagle is displayed with its wings spread, holding an olive branch and arrows in its talons. It is surrounded by 13 stars, which stand for the original 13 colonies, and is inscribed with the words “The United States of America,” as well as the currency’s weight, purity, and value.
Investing in American Silver Eagle Coins
American Silver Eagle coins are a common investment choice for investors and collectors. They are a fantastic option for investing in precious metals because they are made of .999 fine silver, which implies they are 99.9% pure silver. There are a few considerations to make while purchasing American Silver Eagle coins.
First, buying coins from a reputable dealer is essential since it will help ensure you get genuine American Silver Eagles and only pay what you should be. Considering the American Silver Eagle coins’ current market worth is also crucial; therefore, monitoring and adjusting your purchases as necessary is smart.
Collecting American Silver Eagle Coins
In addition to being a popular investment option, American Silver Eagle coins are also highly collectible. The complex designs and historical value of these coins appeal to many collectors.
When amassing American Silver Eagle coins, there are a few considerations. Choosing coins in mint state is the first and most crucial step. Coins that are damaged or scratched can significantly decrease in value. Paying attention to the rarity of your collecting coins is also essential. Some American Silver Eagles are rarer than others, which can substantially impact their value.
Types of American Silver Eagle Coins
Since the American Silver Eagle was first introduced in 1986, several coins have been made. The most typical types are listed below:
- Bullion Silver Eagles are the standard Silver Eagle coins produced for investment purposes. The coins do not have a mintmark and are primarily sold to those looking to invest in Silver.
- Proof coins: Proof coins are struck using special dies and polished planchets, resulting in a mirror-like finish. Collectors buy these coins, typically made in fewer quantities than bullion coins.
- Burnished Silver Eagle coins are produced using a unique process that gives them a matte finish. They have a lesser mintage than bullion coins and are typically sold to collectors.
Each type of Silver Eagle coin has unique characteristics and appeals to different collectors and investors.
Current Market Value of American Silver Eagle Coins
American Silver Eagle coins’ current market value may change depending on several variables. The price of Silver at the time, the availability and demand of money, and the rarity and condition of certain coins are some of these variables. The spot price of Silver is roughly $25 per ounce currently, and the American Silver Eagle coins are typically offered at a premium over this price.
Miles Standish Book
If you’re a serious collector or investor of American Silver Eagle coins, you may be interested in the Miles Standish book. Famous numismatist Miles Standish is one of the authors of “American Silver Eagles: A Guide to the U.S. Bullion Coin Program.”
Miles Standish and coauthor Mercanti combine diverse elements: technical and artistic, historical and current, market-driven and hobbyist, making American Silver Eagles a valuable addition to any collector’s or investor’s bookshelf.
The Miles Standish book covers everything from the program’s history to the coins’ design and tips for collecting and investing in them, making it a valuable resource for anyone seeking to expand their American Silver Eagles knowledge.
Summary
Among many investors, the American Silver Eagle coin is a well-liked investment and collectible. Its exceptional quality and historical value add a lot to any collection. Whether you are a seasoned collector or a rookie investor, there is much to learn regarding American Silver Eagle coins.
The Miles Standish book is an excellent source of information on these coins, and there are several ways to keep tabs on their current market value. Do your homework and engage with a reliable dealer if you’re thinking about buying or collecting American Silver Eagle coins. With the appropriate technique, these coins can significantly increase your portfolio of investments or collections.
