What’s the American Silver Eagle?
The American Silver Eagle was first introduced by United State Mint on the 24th of November, 1986. Whether you believe it or not, this struck at one-troy ounce size which is basically an equivalent value of 1 dollar and guaranteed to have one troy ounce of 99% pure silver.
And if you’re interested to discover more, then I suggest that you check out the next paragraphs.
The weight, purity and content are all certified by none other than, United States Mint. Furthermore, the United States Mint has a special version of the coin that are intended only for collectors and these are proof version and uncirculated version. For this reason, the Silver Eagle has 3 mints and they are the San Francisco Mint, Philadelphia Mint and West Point Mint. Truth is, for those who have a bullion coin, they can make use of it for funding Individual Retirement Account investments.
Design of the coin is one of the many things that you ought to learn from it. 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. Obverse is inscribed along with the minting or the year of issuance and the phrase “In God We Trust” and the word Liberty.
John Mercanti has his own input for the reverse design that portrays a heraldic eagle behind the shield. The eagle holds arrows in the left talon and olive branch on its right talon, echoing the Great Seal of US. And on top of the eagle is the 13 Colonies which is represented by the 35-pointed stars. One Dollar.
The legislation authorized for American Silver Eagle bullion program has stipulated that the silver used in minting the coins to be obtained from Defense National Stockpile along with the intent of depleting the stockpile’s silver holdings gradually for the following years.
There are actually a lot more things that have to be learnt from the American Silver Eagle. If you are one of the people who have serious interest for this, then it is best that you take some time to read more about this subject. This way, you’ll be better equipped with the knowledge on how to acquire this and on where it can be best used. You’d learn a lot from the uses and benefits of it by doing research.