A Brief History of American Silver Eagle
The United State Mint first introduced the American Silver Eagle on November 24, 1986. As a matter of fact, this struck at just one-troy ounce size which has an equivalent value of one dollar and guaranteed to have one troy ounce of 99 percent 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. 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.
Design of the coin is one of the many things that you ought to learn from it. The design of the coin was derived from Walking Liberty by Adolph A. Weinman which had been used initially on Walking Liberty Half Dollar Coin of the US starting from 1916 until 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 is holding arrows in its left talon and olive branch in its right, which echoes 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. Besides doing research can help in fully maximizing its benefits and uses.