Mercanti Signed Slab PF70 Silver Eagle
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Beautiful Silver American Eagle. Each coin is has a 70 grade from NGC and comes in proof condition. Each coin will arrive in a protective slab to preserve it’s state and beauty.
The 1 Oz American Silver Eagle is the official silver bullion coin of the United States of America. The impetus of the American Silver Eagle bullion program ultimately comes from executive plans through the 1970s and early 1980s to sell off silver from the Defense National Stockpile. Despite congressional opposition to the sale of stockpiled silver through early June 1981, the House Armed Services Committee decided on June 10 to approve a Reagan administration request to sell government-owned silver beginning in fiscal year 1982 to help balance the federal budget - oh the irony is rich!
As required by law, American Silver Eagles are composed of silver mined exclusively in the United States with a purity of 0.999 fine silver, making them the purest silver bullion coins ever minted and offered to the public by the United States.
All American Silver Eagles are struck in the one troy ounce denomination with a stated face value of one dollar. The obverse design is based on the famous “Walking Liberty” of Adolph Weinman’s 1916 U.S. half-dollar. They are substantial coins, measuring 40.6mm in diameter and 2.98mm thick, with a heft befitting their quality and will arrive to you in mint brilliant uncirculated (BU) condition.
These coins are graded by the Numismatic Guarantee Corporation more commonly referred to as NGC. NGC has been grading coins since 1987, and is the largest coin grading service by volume in the world. Since they opened their doors, they have graded over 37 million coins.
All coins sold will be PF70. “PF” stands for proof which denotes coins struck specifically for collectors. A grade of 70 is the highest grade that a coin can received and denotes that it has no post production imperfections even at 5 times magnification. A PF70 coin is one of the best examples of any given year and coin type that a collector can buy.
John M. Mercanti was the 12th Chief Engraver of the United States Mint. Each of the slabs containing these silver eagles has his signature on them. This helps to distinguish these coins from other PF70 Silver eagles of the same year thus making them more collectable.
|Mint / Brand||US Mint|
|Composition||.999 Fine Silver|
|Measurement||Diameter 40.6mm / Thickness 2.98mm|
|Item Weight||1 Ounce (31.1 grams)|
Insurance: All orders are fully insured.
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