The Silver American Eagle is one beautiful coin that will be a great addition to any coin collector’s collection. The circulation of these silver coins has been seen through the years. If you have a Silver American Eagles you have something of great value because of its good quality silver and its beautiful design as well.
The first minting of the Silver American Eagles was done in 1986 upon the authorization of congress. This coins has an official investment grade or a credit rating with minimal risk and is the only silver coin to have such and this is why this coin is unique. So investors would do well buying this kind of silver coins. If you have an IRA, then you can put this type of silver coin in it since this is the only silver coin allowed.
The silver content of the Silver American Eagle is .999 pure silver which is a troy ounce of pure silver. No other silver coin can compare to the quality craftmanship and brilliance of the Silver American Eagle.
The figure of Liberty walking with the rising sun at her feet is shown in the face of the silver coin. If her left arm we see her carrying a branch of laurel and oil. In the opposite side of the coin we see an eagle with its wings open and high. There is also a shield that is protecting its body. If you check out the talons of the eagle you see an olive branch on its right and an arrow on its left. We find 13 stars above the head of the eagle which forms an upside down triangle pattern shape. We all know what the 13 stars signify and that is the 13 colonies that founded what is now the United States of America.
The Silver Eagle was actually created from the silver stockpile gathered from the nation’s defense and it was done to reduce the national deficit. The request to sell the stockpiled silver was not carried out. So, after two years the request was amended and asked that the silver to be sold in the form of coins. In 1986 the first Silver Eagle was created after its approval in 1985.
In those days the Silver American Eagle coin was only distributed to buyers like precious metal firms and wholesalers but not the general public. At that time, the buyers purchased the coins at $2.00 per coin over the current market rate and with a minimum order. Now coins are considered legal tender with the face value of $1.00.
Those who wish to purchase the Silver American Eagles should take caution to buy only from sellers with a good reputation. The Silver American Silver is one piece of silver coin that is worth and has a beautiful design and is on the every coin collector should have.