Collecting Silver American Eagles

American Silver Eagle Coins are favorably thought of by collectors and investors equally, and are some of the most beautiful bullion coins that you can have in your investment portfolio or coin collection.

The American Eagle Coin Program started in 1986, and has become the authorized bullion silver coin of the United States of America. Put out by the Mint, American Silver Eagles are unique in that the coins may be included by individuals for the funding of their IRA’s.

The government mints these coins with 1 troy ounce of 99.9% pure silver. This is one of the small number of bullion bullion coins in the world to be created with such a large extent of silver. The coins have a nominal face value of 1 dollar while the actual value of each silver eagle coin is based upon the actual spot price of silver.

The unique coins were created and produced with the famous Walking Liberty design by famed sculptor Adolph A Weinman on the obverse. If you’ve ever seen the unforgettable half dollar coins produced from the years 1916 to 1947, you will undoubtedly be familiar with this lovely rendition of Lady Liberty. This is crucial in that these bullion coins have helped the design featured on the silver eagles to become such an legendary figure. The design that is featured on the coin’s reverse was sculpted by John Mercanti, featuring a heraldic eagle with its wings unfolded.

There are a number of collectors of American Silver Eagles and each has his or her specific motive for becoming caught up in the hobby. Some collectors are in love with the coin’s stunning craftsmanship, while others take pleasure in the coins for their possible long term worth.

To find the true value of a specific coin, many considerations should be taken into account, including factors like the year that the coin is minted, as some years the numbers that had been minted were lower than in other years, which reduced the total numbers of Silver Eagles in the hands of the general public. Coin minted in 1993 and 1997 or anniversary editions for instance, are apt to be among the coins that collectors are in search of, and bring higher demand when sold through coin dealers or at online auctions.

At the moment, American Silver Eagles are enjoying a fantastic rush in popularity, due to the unsure economic climate. As precious metals tend to make a excellent hedge against falling dollar values, investors are in search of the protection offered by gold, platinum and silver bullion coins.

To enjoy reading more information on American Silver Eagle Coins, please read James Buchanan’s other informative articles on how to discover great deals on Proof Silver Coins for your coin collection or investment portfolio.