Why People Think Coins Are A Good Idea

Learning More about the American Silver Eagle

The United State Mint first introduced the American Silver Eagle on November 24, 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.

If you wish to discover more about American Silver Eagle, I encourage you to keep on reading.

Only the United States Mint can certify the weight, purity and content. 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. That being said, you will find three different mints for the Silver Eagle which are 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. Adolph A. Weinman’s Walking Liberty was the basis of design for the coin which was intended primarily for the Walking Liberty Half Dollar Coin 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. 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.

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 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.