American Silver Eagle – Wikipedia

Silver bullion coin of the United States
The American Silver Eagle is the official ash grey bullion mint of the United States. It was first released by the United States Mint on November 24, 1986. It is struck alone in the one- troy ounce, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9 % pure eloquent. It is authorized by Title II of Public Law 99-61 ( Liberty Coin Act, approved July 9, 1985 ) and codified as 31 U.S.C. § 5112 ( e ) – ( henry ). Its content, weight unit, and purity are certified by the United States Mint. In addition to the bullion version, the United States Mint has produced a proof interpretation and an uncirculated version for mint collectors. The Silver Eagle has been produced at three mints : the Philadelphia Mint, the San Francisco Mint, and the West Point Mint. The american english Silver Eagle bullion coin may be used to fund Individual Retirement Account investments. [ 1 ]

plan [edit ]

The design on the mint ‘s obverse was taken from the “ Walking Liberty “ design by Adolph A. Weinman, which primitively had been used on the Walking Liberty Half Dollar coin of the United States from 1916 to 1947. As this iconic design had been a public favorite—and one of the most beloved designs of any United States neologism of modern times, silver or otherwise—it was revived for the Silver Eagle decades belated. The obverse is inscribed with the year of minting or issue, the parole LIBERTY, and the phrase IN GOD WE TRUST.

The newly designed rearward of the 2021 American Silver Eagle was designed by Emily Damstra and shows an eagle land on a branch ; much like that of the overrule of the 1971 Eisenhower Dollar Coins. [ citation needed ] The reversion is inscribed with the phrases UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR, and E PLURIBUS UNUM, a well as the mintmark if applicable. From 1986 to 2021, the rearward was designed by John Mercanti and portrayed a heraldic eagle behind a harbor ; the eagle grasping an olive ramify in its good talon and arrows in its left talon, echoing the Great Seal of the United States ; above the eagle are thirteen five-pointed stars representing the Thirteen Colonies. The reverse was inscribed with the phrases UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR, and E PLURIBUS UNUM ( on the streamer that the eagle holds in its beak ), arsenic well as the mintmark if applicable. [ 2 ]

legislative history [edit ]

Background : Defense National Stockpile silver sales [edit ]

The drift of the american Silver Eagle bullion program ultimately comes from executive plans through the 1970s and early 1980s to sell off silver from the Defense National Stockpile. As The Wall Street Journal explained, “ several administrations had sought unsuccessfully to sell silver from the stockpile, arguing that domestic product of eloquent far exceeds strategic needs. But mining-state interests had opposed any sale, as had promilitary legislators who wanted assurances that the proceeds would be used to buy materials more urgently needed for the reserve quite than merely to reduce the federal deficit. ” [ 3 ] [ 4 ] Throughout the period, such sell-offs that did happen, equally well as announcements of aforethought sell-offs, caused immediate declines in the price of argent. [ 5 ] The Wall Street Journal reported in September 1976, “ When the uracil politics makes noises about selling silver from the federal stockpile, futures traders start unloading futures contracts in speculation that such a sale would depress prices. ” [ 6 ] Despite congressional confrontation [ 7 ] [ 8 ] [ 9 ] to the sale of stock silver through early June 1981, the House Armed Services Committee decided on June 10 to approve a Reagan presidency request to sell government-owned silver begin in fiscal year 1982 to help balance the federal budget. [ 10 ] In July 1981, the House and Senate agreed to allow the sale of 75 % of the stockpiled silver ( 105.1 million troy ounces ) over a three-year period, [ 3 ] and in September the price of silver fell 11 % in response. [ 11 ] Just before the first sale in October 1981, a group of politicians from Idaho —a major silver-producing state—attempted to block the auction, claiming that the sale could have a “ black consequence ” on the United States silver mining industry in general and respective Idaho silver mine companies in particular. [ 12 ] On December 3, 1981, Senator James A. McClure ( R -Idaho ) proposed an amendment ( S.UP.AMDT.738 ) to the Department of Defense appropriation bill ( H.R. 4995 ) to end the politics ‘s sale of silver “ until the President, not subsequently than July 1, 1982, redetermines that the flatware authorized for disposal is surfeit to the requirements of the reserve. ” The appropriations bill was signed into police ( public Law 97-114 ) with the amendment intact, efficaciously stopping the foster sale of stock silver. [ 13 ]

Coin legislation [edit ]

On May 27, 1982, Senator McClure introduced bill S. 2598, “ A circular to provide for the disposal of silver from the National Defense Stockpile through the issue of eloquent coins ”, to “ redirect the sale of silver from our home defense reserve in an campaign to minimize its affect [ sic ] on the already lower price of silver. ” [ 14 ] An identical company bill, H.R. 6649, was introduced on June 22 by Representative Larry E. Craig ( R-Idaho ) but both bills were referred to committees and never were enacted. The Wall Street Journal reported on June 30 that the price of silver medal “ soared after Interior Secretary James Watt announced that sales of the politics ‘s silver reserve will be indefinitely postponed ” as the government ‘s legally required study on potential methods of selling the argent had been delayed. [ 15 ] On January 27, 1983, Senator McClure introduced another bill ( S. 269 ) about identical to S. 2598. As he had in the earlier beak, the senator asked ,

… if we are forced to accept a sale, why use the method guaranteed to depress the price and dispose of the silver with the lowest possible recurrence to the taxpayers [ ? ] Why not rather, if we must sell, at least get american samoa a lot for it as we can ? therefore, today, I am introducing legislation which provides that in the event the President proposes and Congress authorizes the sale of silver from the strategic stock, this silver would be sold through the mint and distribution of a silver-bearing coin. [ 16 ]

The bill was referred to the Committee on Banking, Housing, and Urban Affairs which held hearings on April 15, 1983, however, it was not enacted. [ 17 ] Some two years late, with sales still suspended, Senator McClure again introduced legislation aimed at requiring potential sales of stock silver to be conducted through the issue of coins minted from the eloquent. This time his legislation took the shape of an amendment ( S.AMDT.418 ) [ 18 ] to H.R. 47, the “ Statue of Liberty-Ellis Island Commemorative Coin Act ”. McClure ‘s amendment—the “ Liberty Coin Act ” —added a raw segment ( Title II ) to H.R. 47. The amendment may be summarized into the keep up points :

  • Authorize the Secretary of the Treasury to mint and issue silver bullion coins
  • Coin specifications including diameter, weight, fineness, general design, inscriptions, and edge finish
  • Coin sales
  • Numismatic and legal tender statuses
  • Purchase of silver from stockpile
  • Effective date of October 1, 1985, and stipulation that no coins may be issued or sold before September 1, 1986

Proposed on June 21, 1985, the Senate agreed to McClure ‘s amendment by spokesperson vote on the same day and it was added to H.R. 47 ; the House approved the amended charge three days former and it was signed into jurisprudence by President Reagan on July 9, 1985. thus, the authorizing law for the american Silver Eagle bullion program is Title II of Public Law 99-61 ( Liberty Coin Act ) codified as 31 U.S.C. § 5112 ( e ) – ( hydrogen ) .

Program extension, 2002 [edit ]

The empower legislation for the american Silver Eagle bullion program stipulated that the silver used to mint the coins be acquired from the Defense National Stockpile with the captive to deplete the stockpile ‘s silver holdings lento over several years. By 2002, it became apparent that the stock would be depleted and that further legislation would be required for the program to continue. On June 6, 2002, Senator Harry Reid ( D – Nevada ) introduced circular S. 2594, “ support of american Eagle Silver Bullion Program Act ”, “ to authorize the Secretary of the Treasury to purchase silver on the open market when the silver reserve is depleted. ” The bill was passed by the Senate on June 21 and by the House on June 27 and signed into law ( Pub.L. 107–201 ( text ) ( PDF ), 116 Stat. 736 ) by President Bush on July 23, 2002. [ 19 ]

Minting history [edit ]

The first base american Silver Eagle coin was struck in San Francisco on October 29, 1986. [ 20 ] Secretary of the Treasury James A. Baker III presided over the hit ceremony held at the San Francisco Assay Office. According to a Chicago Sun-Times article, as Baker “ reached for the electronic button on iron No. 105, he turned to the audience and said, ‘I do n’t need a cream and shovel to start the San Francisco Silver Rush of 1986. ‘ ” [ 21 ]

bullion [edit ]

Bullion Silver Eagle coins do not have mintmarks. From 1986 to 1998, they were produced at the San Francisco Mint. From 1999 to 2000, they were produced at the Philadelphia Mint and West Point Mint. In March 2011, the San Francisco Mint conducted trial strikes of bullion Silver Eagle coins in cooking for the resumption of full production by and by in the give. The lend production capacity provided by the San Francisco Mint supplements the end product of the West Point Mint. [ 22 ] [ 23 ]

validation [edit ]

From 1986 to 1992, proof Silver Eagle coins were minted at San Francisco and these coins bear the “ S ” mintmark. From 1993 to 2000, they were minted at Philadelphia and these coins bear the “ P ” mintmark. From 2001 to 2008, they were minted at West Point and these coins bear the “ W ” mintmark. [ 24 ] No proof versions were minted in 2009. Beginning again in 2010, the proof coins were minted at West Point and bear the “ W ” mintmark .

Uncirculated [edit ]

From 2006 to 2008 and beginning again in 2011, the United States Mint issued a collectible uncirculated Silver Eagle coin produced at West Point ( bearing the “ W ” mintmark ). The coins are struck on particularly burnished blanks and sometimes are referred to as “ W Uncirculated ” or “ Burnished Uncirculated ”. [ 25 ] aside from the standard-issue burnished Eagles, there has been one burnished Eagle consequence produced at San Francisco bearing the “ S ” mintmark for release in the “ American Eagle 25th Anniversary Silver Coin Set ” in 2011 .

special issues [edit ]

1990s [edit ]

  • In 1993, the “Philadelphia Set” was issued to commemorate the bicentennial of the striking of the first official United States coins at the Philadelphia Mint in 1793. The set included proof American Gold Eagle coins in 1/2 ozt, 1/4 ozt, and 1/10 ozt sizes, a proof Silver Eagle coin, and a 90% silver proof “U.S. Mint Bicentennial” medal, all with “P” mintmarks.[26]
  • In 1995, in addition to the regular proof coin minted at Philadelphia, the United States Mint also issued a proof coin minted at West Point. Known as the “1995-W Proof Silver Eagle”, the coin was sold only as part of the “10th Anniversary American Eagle Five Coin Set” which also included the four 1995-W proof American Gold Eagle coins in 1 ozt, 1/2 ozt, 1/4 ozt, and 1/10 ozt sizes; 30,125 sets were sold.[27]

2000s [edit ]

  • In 2000, the Mint issued the “United States Millennium Coinage and Currency Set” which included a 2000 Silver Eagle bullion coin minted at West Point (but without a “W” mintmark), a 2000 Denver-minted Sacagawea Dollar with a burnished finish, and an uncirculated 1999 series one-dollar bill with a serial number beginning with the numbers “2000”. The sets sold out at the issue limit of 75,000 units. In fewer than twenty known sets, the Sacagawea Dollars do not have a burnished finish.[28][29]

Cover of the “ Legacies of Freedom United States and United Kingdom Silver Bullion Coin Set ”, depicting the obverse for the Silver Eagle and the invert for the Silver Britannia in concert .

  • In January 2004, the Mint issued the “Legacies of Freedom United States and United Kingdom Silver Bullion Coin Set” which consisted of a 2003 bullion Silver Eagle and a 2002 Silver Britannia bullion coin from the United Kingdom. The set had an issue limit of 50,000.[2]
  • To celebrate the 20th anniversary of the American Silver Eagle program in 2006, the Mint issued a special “Reverse Proof Silver Eagle” coin minted at Philadelphia. This coin was available as part of a 3-coin set which also included the regular proof coin and the new “Burnished Uncirculated” coin. The reverse proof coin features a frosted background and mirrored raised surfaces (the opposite of a typical proof coin of the series). Uncirculated Silver Eagle coins also were available as part of the “20th Anniversary Gold & Silver Eagle Set” which had an issue limit of 20,000 (19,145 were sold) and included the one-ounce, 2006-W uncirculated American Gold Eagle.[30]

The 2007 “ United States Mint Annual Uncirculated Dollar Coin Set ” with a Silver Eagle coin surrounded by Presidential and Sacagawea dollars .

  • In 2007 and 2008, uncirculated Silver Eagle coins were packaged with each year’s issues of Philadelphia-minted Presidential Dollars and Denver-minted Sacagawea Dollars in an “Annual Uncirculated Dollar Coin Set”. The 2007 set became available directly from the Mint on December 3, 2007;[31] the 2008 set was available from August 7, 2008[32] to January 28, 2010.[33]

2010s [edit ]

  • In 2011, the Mint issued an “American Eagle 25th Anniversary Silver Coin Set” to celebrate the program’s 25th anniversary. The set includes five coins in a lacquered presentation case: one proof coin minted at West Point, one uncirculated coin minted at West Point, one uncirculated coin minted at San Francisco, one reverse proof coin (frosted background with polished, mirror-like design elements/foreground) minted at Philadelphia, and one bullion coin.[34]
  • In June 2012, the Mint issued the “San Francisco American Silver Eagle Two Coin Proof Set” to commemorate the San Francisco Mint’s 75th anniversary. The set includes a 2012 proof Silver Eagle coin and a 2012-S reverse proof Silver Eagle coin, both minted in San Francisco.[35]
  • In August 2012, the Mint issued the “Making American History Coin and Currency Set” which includes a 2012 proof Silver Eagle coin (minted in San Francisco) and a Series 2009 five-dollar bill with serial numbers beginning with “150”. The set celebrates the Mint’s 220th anniversary and the Bureau of Engraving and Printing’s 150th anniversary.[36]
  • In November 2012, the Mint offered for sale the “2012 United States Mint Limited Edition Silver Proof Set” which includes a 2012 proof Silver Eagle coin (minted at West Point), five proof 90% silver quarters from the America the Beautiful Quarters program (minted in San Francisco), one 90% silver Kennedy half dollar (minted in San Francisco), and one 90% silver Roosevelt dime (minted in San Francisco).[37]
  • In May 2013, the Mint offered for sale the “2013 American Eagle West Point Two-Coin Set” which includes two 2013 Silver Eagle coins minted at West Point: a reverse proof coin and an uncirculated coin enhanced with three finishes (heavy frost, light frost, and brilliant polish).[38][39]

A slabbed 2016 thirtieth Anniversary validation Silver Eagle

  • In 2016, the Mint issued “30th Anniversary” editions of the coin to celebrate the program’s 30th anniversary. The coins were produced in both proof and uncirculated versions, and feature a special rim design with the inscription “30th ANNIVERSARY” incused on the edge of the coin, replacing the normal reeded edge. Proof versions went on sale in September 2016, uncirculated versions followed in December. Both were minted at West Point, NY, and bear the “W” mint mark.
  • In June 2019, the United States Mint announced a partnership with the Royal Canadian Mint to issue the Pride of Two Nations silver coin set containing special versions of the American Silver Eagle and Canadian Silver Maple Leaf coins. The American coin will be struck at the West Point Mint and will feature a reverse cameo proof finish, while the Canadian coin will be struck at the Ottawa Mint and will feature a modified reverse design and proof finish.[40][41] The sets will be sold by both mints, with a product limit of 100,000 in the US and 10,000 in Canada.[41][42]
  • On November 14, 2019,[43] the San Francisco mint mark Reverse Proof American Silver Eagles went on sale by the US Mint. These special Silver Eagles only had a mintage of 30,000. This low mintage beat the record set by the 1995-W Proof American Eagle that was released only with the 10th Anniversary Gold Eagle Proof Set and is the lowest mintage of all Type 1 Silver Eagles.[44] This highly sought-after coin was limited by the US Mint to sell only one per customer, making for a chaotic day of release with the website crashing for many customers. The Enhanced Reverse Proof American Silver Eagle was the first numismatic coin offered by the US accompanied by a Certificate of Authenticity with a serial number.[45] Also, these Silver American Eagles bear an “S” mintmark to note that these coins were minted at the San Francisco US Mint facility.

2020s

  • On November 5, 2020, the Mint issued the “End of World War II 75th Anniversary American Eagle” silver proof coin, along with a gold counterpart. This special coin has a privy mark on its obverse in the shape of a bird’s eye view of the Rainbow Pool, along with lettering that says “V75”. The silver proofs had a limited mintage of 75,000 coins.[46]

Varieties [edit ]

The first significant diverseness of the Silver Eagle series appeared in 2008 and is known as the “ 2008-W Silver Eagle Reverse of 2007 Variety ”. The United States Mint made slight alterations to the reverse design between 2007 and 2008 and some 2008 uncirculated coins unwittingly were struck with the 2007 reversion type die resulting in a die error. The kind is distinguishable by differences in the “ U ” in UNITED STATES and the crash between SILVER and ONE. [ 47 ]

effect of recession on handiness, 2008–2010 [edit ]

As a result of the global recess, the demand from investors for bullion coins as a hedge against inflation and economic downturn surged. [ 48 ] This increased demand began to affect the handiness of american Silver Eagle bullion coins in February 2008 when sales to authorize dealers were suspended temporarily. In March 2008, sales increased nonuple from the calendar month before ( from 200,000 to 1,855,000 ). [ 48 ] [ 49 ] In April 2008, the United States Mint began an allotment program, effectively rationing Silver Eagle bullion coins to authorized dealers on a hebdomadally footing due to “ unprecedented demand ”. [ 48 ] At least one observer [ 50 ] has questioned the legality of the allocation program, as the treasurer of the United States is required by law ( ) to mint and issue these coins “ in quantities sufficient to meet public requirement ”. On June 6, 2008, the Mint announced that all incoming silver planchets were being used to produce only bullion issues of the Silver Eagle and not proof or uncirculated collectible issues. [ 51 ] The 2008 Proof Silver Eagle became unavailable for purchase from the United States Mint in August 2008 and the 2008 Uncirculated Silver Eagle sold out in January 2009 ( however, it was available as character of the “ 2008 Annual Uncirculated Dollar Coin Set ” until it sold out on January 28, 2010 ). [ 52 ] On March 5, 2009, the United States Mint announced that the proofread and uncirculated versions of the Silver Eagle mint for that year were temporarily suspended due to continuing senior high school demand for the bullion translation. [ 53 ] The allocation program that had been put in place in March 2008 was lifted on June 15, 2009, leading to speculation that proof and uncirculated versions might be produced before the end of the year. [ 54 ] however, on October 6, 2009, the Mint announced that the collectible versions of the Silver Eagle coin would not be produced for 2009. [ 55 ] The disappointment of collectors was expressed in a December 1 article by Representative Gary C. Peters ( D- Michigan ). [ 56 ] Peters offered alternative scenarios to the cancellation of 2009 proof and uncirculated Silver Eagles and explained that he would be sending a letter to Mint Director Edmund C. Moy urging him to begin minting these products vitamin a soon as possible and continuing to do so until the end of the year. This campaign was not successful and the collectible versions were not produced. The sale of 2009 Silver Eagle bullion coins was suspended from November 24 to December 6 and the allocation program was re-instituted on December 7 ; the intersection sold out on January 12, 2010. [ 57 ]

production of the 2010 Silver Eagle bullion coins began in January of that class ( as opposed to beginning typically in December preceding the year of issue ) and the coins were distributed to authorized dealers under an allotment program until September 3. [ 58 ] [ 59 ] On July 20, 2010, Mint Director Edmund C. Moy provided testimony to the House Subcommittee on Domestic Monetary Policy and Technology on the matter of proof and uncirculated Silver Eagle coins, referencing the hypothesis of a legislative solution. Moy explained :

… [ B ] ecause we could not produce these popular coin products, those who had become accustomed to purchasing them on an annual basis were very disappoint. As Director of the United States Mint, I appreciate the disappointment of these collectors, but I am encouraged to know that the Subcommittee is exploring the possibility of an amendment to the law that would afford the Secretary the authority to approve the mint and issue of american english Eagle Silver Proof and Uncirculated Coins even when we are unable to meet the public ‘s demand for the bullion versions of these coins. american Eagle coin collectors and our many other customers who purchase these products as gifts would likely welcome such a change. indeed, such a change would be one of the most positive customer atonement measures that could be taken to benefit your coin collecting constituents without having an effect on American ‘s [ sic ] ability to acquire investment-grade argent bullion. We have already provided you technical drafting aid that your staff have requested to accomplish this change ; however, such a variety needs to be enacted soon. We can mint 200,000 per calendar month, and if we can begin by September, we will be able to produce about 830,000 one-ounce silver american Eagle coins to meet collector demand for this product in the remaining months of 2010 .Edmund C. Moy, Testimony of Edmund C. Moy, Director United States Mint, Before the Subcommittee on Domestic Monetary Policy and Technology, United States House of Representatives, July 20, 2010[60]

On September 22, 2010, Representative Melvin L. Watt ( D- North Carolina ) introduced the “ Coin Modernization, Oversight, and Continuity Act of 2010 “ ( H.R. 6162 ) to amend 31 U.S.C. § 5112 ( e ) and ( one ) by giving the Secretary of the Treasury assurance to mint american Eagle flatware and aureate coins in “ qualities [ e.g. bullion, proof, or uncirculated ] and quantities ” sufficient to meet populace requirement. The bill was signed into jurisprudence ( Pub.L. 111–302 ( text ) ( PDF ) ) by President Barack Obama on December 14, 2010. On October 4, 2010, the Mint announced that 2010-dated proof american Silver Eagle coins would be available for leverage beginning on November 19, 2010, at a price of $ 45.95 per mint [ 61 ] and that 2010-dated uncirculated Silver Eagle coins would not be produced. [ 62 ]

2013–2015 handiness [edit ]

In January 2013, the Mint suspended sales of american Silver Eagle bullion coins after the first workweek due to high demand. The Mint resumed the allotment course of study that had been implemented from 2008 to 2010. [ 63 ] [ 64 ] The Silver Eagle coins were sold out in the first week of July 2015. The Mint said its facility in West Point, New York, continued to produce coins and it resumed sales at the conclusion of July 2015. This was the second clock the mint ‘s silver coins had sold out in the past nine months. The Mint ran out of 2014-dated american Eagles in November 2014. In 2013, the historic drop in ash grey increased necessitate for silver coins, forcing the mint to ration silver coin sales for 18 months. [ 65 ] In late years, strong international demand for american Silver Eagles has materialized, specially in asian markets. [ 66 ] Markets such as Hong Kong, Singapore and even China are becoming trading hub with diaphanous wish and ask spreads. [ 67 ]

affect of COVID-19 on product, 2020 [edit ]

On March 28, 2020, the West Point Mint, believed to be the only producer of bullion American Silver Eagles from 2018 up until early 2020, was shut down for houseclean after an employee tested plus for SARS-CoV-2. [ 68 ] [ 69 ] The facility reopened on April 1, and bullion coin production was reduced to prevent employee exposure to COVID-19, before once again being shut down on April 15 due to safety concerns. [ 70 ] To make up for the reduced and later suspended production of silver bullion coins, the Philadelphia Mint struck 240,000 american Silver Eagles from April 8 through April 20, [ 71 ] making them among the rarest uncirculated issues to date. [ 72 ] Although these coins were physically identical to the West Point coins, coin grading companies began certifying Philadelphia Mint Silver Eagles as “ Emergency Issues. ” [ 73 ] output at West Point continued on April 21. [ 71 ]

Mintages [edit ]

Year Bullion Proof Uncirculated Total
1986 5,393,005 1,446,778 6,839,783
1987 11,442,335 904,732 12,347,067
1988 5,004,646 557,370 5,562,016
1989 5,203,327 617,694 5,821,021
1990 5,840,110 695,510 6,535,620
1991 7,191,066 511,925 7,702,991
1992 5,540,068 498,654 6,038,722
1993 6,763,762 405,913 7,169,675
1994 4,227,319 372,168 4,599,487
1995 4,672,051 438,511 5,110,562
1995-W 30,125 30,125
1996 3,603,386 500,000 4,103,386
1997 4,295,004 435,368 4,730,372
1998 4,847,549 450,000 5,297,549
1999 7,408,640 549,796 7,958,436
2000 9,239,132 600,000 9,839,132
2001 9,001,711 746,398 9,748,109
2002 10,539,026 647,342 11,186,368
2003 8,495,008 747,831 9,242,839
2004 8,882,754 801,602 9,684,356
2005 8,891,025 816,663 9,707,688
2006 10,676,522 1,092,477 466,573 12,235,572
2006-P Rev. Pr. 248,875 248,875
2007 9,028,036 821,759 621,333 10,471,128
2008 20,583,000 700,979 533,757 21,817,736
2009 30,459,000 30,459,000
2010 34,764,500 849,861 35,614,361
2011 40,020,000 947,355 409,776 41,377,131
2011-S 99,882 99,882
2011-P Rev. Pr. 99,882 99,882
2012 33,742,500 869,386 226,120 34,838,006
2012-S 285,184 285,184
2012-S Rev. Pr. 224,981 224,981
2013 42,675,000 934,812 222,091 43,831,903
2013-W Enh. 281,310 281,310
2013-W Rev. Pr. 281,310 281,310
2014 44,006,000 944,757 253,169 45,203,926
2015 47,000,000 707,518 223,879 47,931,397
2016 37,701,500 651,467 237,753 38,590,720
2017 18,065,500 400,287 176,739 18,642,526
2018 15,700,000 381,810 138,966 16,220,776
2018-S 208,270 208,270
2019 15,032,000 401,635 128,564 15,562,199
2019-S 189,052 189,052
2019-S Enh. Rev. Pr. 29,803 29,803
2019-W Enh. Rev. Pr. 99,933 99,933
2020 31,329,500 154,864 31,329,500
Total 536,531,982 21,188,394 4,029,478 530,420,354

Sources :

distribution [edit ]

bullion [edit ]

Sales of american english Silver Eagle bullion coins began on November 24, 1986, and initial inventories sold out “ immediately ascribable to the phenomenal demand ”. [ 74 ] Silver Eagle bullion coins, along with American Gold Eagle bullion coins, were planned as “ viable investment alternatives to the gold and silver bullion coins produced by other countries. … ” To ensure wide distribution of the coins, the United States Mint awarded a narrow to Grey Advertising to assist in marketing and publicizing the coins domestically and internationally. [ 75 ] advertising efforts were expanded in fiscal years 1987 and 1988. [ 76 ] [ 77 ] Like the American Gold Eagle and American Platinum Eagle bullion coins, Silver Eagle bullion coins are not sold directly to the populace by the United States Mint. In order to provide “ effective and efficient distribution, which maximizes the handiness of the coins in retail markets arsenic well as major investment markets ” the Mint utilizes a network of “ authorized purchasers ” to distribute the coins. [ 78 ] The coins are sold in bulge at a premium ( $ 2.00 per mint effective October 1, 2010 ) [ 79 ] over the touch price of silver. The coins are sold to banks, brokerage companies, mint dealers, cherished metal firms, and wholesalers that meet the keep up requirements :
A fleeceable formative box used by the United States Mint for shipping american Silver Eagle bullion coins. Each “ monster box ” holds 25 smaller plastic tubes ( shown ) which hold 20 coins each for a sum of 500 coins .

  • Be an experienced and established market maker in silver bullion coins
  • Provide a liquid two-way market for the coins
  • Be audited annually by an internationally-accepted accounting firm
  • Have an established broad base of retail customers to which to distribute the coins
  • Have a tangible net worth of $5 million (this requirement may be met using a letter of credit)[80]

authorize purchasers must order a minimum of 25,000 coins which they sell to junior-grade retailers that sell them, in twist, to the public. [ 80 ] When sales of Silver Eagle bullion coins began in November 1986, the Mint had approved twenty-eight authoritative purchasers to market the coins throughout the worldly concern. [ 81 ] bullion coins are shipped in alleged “ freak boxes ”. Each green plastic box holds 500 coins which are packaged in 20-coin plastic tubes. On the eyelid of each box are two raised Department of the Treasury seals and the idiom “ United States Mint ” in raised letter. Before shipping, the boxes are sealed with straps by the Mint and labeled with the year of exit and a consecutive number. [ 82 ]

Proof, uncirculated, and special issues [edit ]

validation american Silver Eagle coins dated 1986 through 2008 were sold directly to the public by the United States Mint at a fix price. The coins were packaged in a protective plastic capsule mounted in a satin -lined, velvet -covered display case and accompanied by a certificate of authenticity. [ 83 ] Proof Silver Eagle coins first became available through the United States Mint ‘s subscription broadcast in October 2002. [ 84 ] Uncirculated coins dated 2006 through 2008 were sold directly to the public by the United States Mint in packaging exchangeable to that of the proof coins ; however, the 2006 coin ‘s ejection seat was housed in a velvet drawstring bag. extra issues and sets are sold directly to the public by the United States Mint .

value [edit ]

American Silver Eagle bullion coins carry a confront value of US $ 1. This is their legal prize reflecting their issue and monetization as coins. Per, the coins are legal tender for all debts public and secret at their face respect. This value does not reflect their intrinsic value which is much greater than their $ 1 legal tender grimace value. american Silver Eagle Coin prices and premiums are chiefly dictated by the fluctuate flatware spot price and ongoing supply-demand. Mintages, and frankincense prices, of bullion, proof, and uncirculated Silver Eagle coins have varied widely, and the likely collector is advised to check a standard address book before buying them. generally, the bullion versions have been minted in the millions, while the proof and uncirculated versions were issued in the hundreds of thousands each. Most dates of the bullion issue are not particularly expensive ( around $ 25 as of September 2016 ) and are traded at a premium above the intrinsic respect of the silver they contain ; most proof versions ( around $ 65– $ 75 as of 2016 ) and uncirculated versions ( around $ 25– $ 75 as of 2016 ) sell for more. Some issues sell for significant sums, for case, the 1995-W proof ( $ 3,800 as of 2016 ) and the 2006 twentieth anniversary set containing a special “ Reverse Proof ” mint along with a regular proof mint and the modern “ Burnished Uncirculated ” mint ( $ 250 as of 2016 ). [ 24 ]

See besides [edit ]

References [edit ]

Public Domain This article incorporates public domain material from websites or documents of the Internal Revenue Service.
Public Domain This article incorporates public domain substantial from websites or documents of the United States Congress.
Public Domain This article incorporates public domain material from websites or documents of the United States Mint .

far read [edit ]

  • Mercanti, John (2012). American Silver Eagles: A Guide to the U.S. Bullion Coin Program. Whitman Publishing. ISBN 978-0794837259.

Related Posts

Trả lời

Email của bạn sẽ không được hiển thị công khai.