What’s the American Silver Eagle?
The United State Mint first introduced the American Silver Eagle on November 24, 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. Aside from the bullion version, the United States Mint produced proof version and uncirculated versions for collectors. Because of this, the Silver Eagle has three mints and these include 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.
Basically, there are so many things that you have to learn from the coin and one of this is the design. Truth is, the coin’s design was taken from Walking Liberty by Adolph A. Weinman which had been originally used on Walking Liberty Half Dollar Coin of the US from 1916 to 1947. Since this design has become iconic, became a public favorite and beloved design of any US coinage of the contemporary time, it’s revived for Silver Eagle a few decades later. Obverse is inscribed along with the minting or the year of issuance and the phrase “In God We Trust” and the word Liberty.
John Mercanti has his own input for the reverse design that portrays a heraldic eagle behind the shield. On the left talon of the eagle, you’ll find that it is holding arrows while on the right are where the olive branch rests that also echoes 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. 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. Through this, you can be equipped better on how you can acquire this and where it could be used. You’d learn a lot from the uses and benefits of it by doing research.