If You Think You Understand Coins, Then Read This
June 21, 2019
A Brief History of American Silver Eagle
The American Silver Eagle was first introduced by United State Mint on the 24th of November, 1986. Whether you believe it or not, this struck at one-troy ounce size which is basically an equivalent value of 1 dollar and guaranteed to have one troy ounce of 99% pure silver.
And if you’re interested to discover more, then I suggest that you check out the next paragraphs.
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. That being said, you will find three different mints for the Silver Eagle which are 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.
There are basically a lot of things you should learn from the coin and among it is the design. 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. 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. Obverse is inscribed together with year of issuance or minting the word Liberty as well as the phrase “In God We Trust”.
Then again, John Mercanti has presented a reverse design which portrays heraldic eagle behind a shield. The eagle holds arrows in the left talon and olive branch on its right talon, echoing the Great Seal of US. Just above the eagle, you’re going to find 35-pointed stars which represent the 13 Colonies. One Dollar.
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. It is ideal if you are going to allot a few moments of your time to read more about this subject if you’re one of those who wish to expand their knowledge. This is going to help you in learning where to acquire it and how to use it. Besides doing research can help in fully maximizing its benefits and uses.