News For This Month: Mints

What’s the American Silver Eagle?

On November 24, 1986, the United State Mint first introduced to the masses the American Silver Eagle. 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.

I encourage that you keep reading if you would like to discover more.

The weight, purity and content are all certified by none other than, United States Mint. In addition to the bullion versions, there are also proof versions as well as uncirculated versions that are produced by the United States Mint especially for collectors. 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. Due to the reason that this design becomes so iconic and accepted by the public, it is not a shocking suprirse that it has been revived several years later. The obverse is inscribed w/ the year of issuance or minting, the word Liberty and phrase “In God We Trust”.

John Mercanti has his own input for the reverse design that portrays a heraldic eagle behind the shield. On the left talon of the eagle, you’ll find that it is holding arrows while on the right are where the olive branch rests that also echoes the Great Seal of US. And on top of the eagle is the 13 Colonies which is represented by the 35-pointed stars. The reverse is inscribed with the following phrases: United States of America, 1oz Fine Silver

The legislation authorized for American Silver Eagle bullion program stipulates that all silver used for minting the coins shall be acquired from Defense National Stockpile along with the intention of depleting the stockpile’s silver holding slowly for the subsequent years.

There are actually a lot more things that have to be learnt from the 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 is going to help you in learning where to acquire it and how to use it. Furthermore, research can maximize the benefits and uses of it.

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