The Silver American Eagle is one beautiful coin that will be a great addition to any coin collector’s collection. The circulation of these silver coins has been seen through the years. If you have a Silver American Eagles you have something of great value because of its good quality silver and its beautiful design as well.
The first minting of the Silver American Eagles was done in 1986 upon the authorization of congress. 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. And this is why the silver should be a perfect choice for those who wish to invest in it. And to add to your knowledge, this is the only silver coin that the IRA allows.
The Silver American Eagle a troy ounce of pure silver which is ,999 fine silver. When it comes to craftsmanship and brilliance, no other silver coin can compare with it.
The coins face shows us Liberty walking with the sun rising at her feet. If her left arm we see her carrying a branch of laurel and oil. The opposite side of the coin has an image of an eagle with its wings open and high. Its body is being protected by a shied. In the eagle’s right talon is an olive branch and on its left talon is an arrow. Above the eagles head forming an upside down triangle pattern are 13 stars. These 13 starts depict the 13 founding colonies of the United States of America.
One way that they thought of reducing the national deficit was to convert the stockpile of silver from the nation’s defense and this gave way to the creation of the Silver Eagles. The request to sell the stockpiled silver was not carried out. 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. These buyers were allowed to buy with a minimum order at $200 per coin over the current market rate. These coins are now considered legal tender and has a value of $1.00.
You should look for reputable sellers of the Silver American Eagle if you wish to purchase. If you are a coin collector, this is one piece of coin that should be added to your collection because of its beautiful design and worthiness.