A Brief History of American Silver Eagle
The American Silver Eagle was first introduced by United State Mint on the 24th of November, 1986. 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.
And if you’re interested to discover more, then I suggest that you check out the next paragraphs.
Only the United States Mint can certify the weight, purity and content. 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. For this reason, the Silver Eagle has 3 mints and they are the 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. Obverse is inscribed together with year of issuance or minting the word Liberty as well as the phrase “In God We Trust”.
Then again, a reverse design is presented by John Mercanti that is portraying heraldic eagle behind the shield. The eagle holds arrows in the left talon and olive branch on its right talon, echoing the Great Seal of US. Above the eagle, you’ll find the 35-pointed stars that represent the 13 Colonies. The reverse is inscribed with the following phrases: United States of America, 1oz Fine Silver
The legislation for American Silver Eagle bullion program stipulated that the silver used to mint the coins be acquired only from Defense National Stockpile together with the intent of depleting the stockpile’s silver holdings from time to time in the coming years.
There are actually a lot more things that have to be learnt from the American Silver Eagle. If you are one of the people who have serious interest for this, then it is best that you take some 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.