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A Brief History of 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. Furthermore, the United States Mint has a special version of the coin that are intended only for collectors and these are proof version and uncirculated version. Because of this, the Silver Eagle has three mints and these include San Francisco Mint, Philadelphia Mint and West Point Mint. Fact is, for anyone who owns the bullion coin, they can use 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. 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.
Then again, a reverse design is presented by John Mercanti that is portraying 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. Above the eagle, you’ll find the 35-pointed stars that represent the 13 Colonies. 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.
There are actually a lot more things that have to be learnt from the 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. Furthermore, research can maximize the benefits and uses of it.