What’s the American Silver Eagle?
On November 24, 1986, the United State Mint first introduced to the masses the American Silver Eagle. 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.
If there’s one thing that you should know, it is that the weight, purity and content can be certified only by the 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. Because of this, the Silver Eagle has three mints and these include 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. 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. The eagle is holding arrows in its left talon and olive branch in its right, which echoes the Great Seal of US. And on top of the eagle is the 13 Colonies which is represented by the 35-pointed stars. One Dollar.
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.
Of course, it’s safe to say that there are many more things that should be discussed and learnt from 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. Besides doing research can help in fully maximizing its benefits and uses.