There are many coin collectors today but one of the most prized pieces that you can add to it is the Silver American Eagle. Through the years, these silver coins have been circulating. But if you own the Silver American Eagle, then you have a coin that is worth owning because of its quality silver and its beauty as well.
The Silver American Eagle was officially minted after congress authorized its minting in 1986. 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. This is the best silver coin to invest in by those who invest in currencies. And to add to your knowledge, this is the only silver coin that the IRA allows.
The silver content of the Silver American Eagle is .999 pure silver which is a troy ounce of pure silver. When it comes to craftsmanship and brilliance, no other silver coin can compare with it.
In the face of the coin we see Liberty walking with the sun rising at her feet. A branch of laurel and oak is being carried by Liberty in her left arm. The opposite side of the coin has an image of an eagle with its wings open and high. In the body of an eagle we see a shield that is protecting it. 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. The 13 colonies that founded the United States of America are represented by the 13 stars.
In order to reduce the national deficit, the Silver Eagle was created from the stockpile of silver from the nation’s defense. Although the original request was to sell the silver, it did not materialize. This request was then amended after 2 years and instead of selling the silver, it was requested to sell it in the form of coins. In 1985 the request was approved and 1986 saw the birth of the Silver Eagle.
The Silver Eagle is distributed to buyers like precious metal firms and wholesalers and 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. These coins are now considered legal tender and has a 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.