The 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.
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. Adolph Weinman was born in Germany and came to the US at the age of 10 in 1880. By 1915 when the design process began, Weinman was widely celebrated as one of the nation’s best sculptors. Over a million of his coins were minted right here in Denver in 1916, and ever since, the artwork has become a phenomenal meme in the history of minting. Never has there been a more popular design for a coin. In the words of the engraver Charles Barber, the design is “a full length Liberty, the fold of the stars and stripes flying to the breeze as a background, progressing in full stride toward the dawn of a new day, carrying branches of laurel and oak symbolical of civil and military glory. The hand of the figure is outstretched in bestowal of the spirit of liberty.” The reverse was designed by John Mercanti and portrays a heraldic eagle behind a shield; the eagle grasps an olive branch in its right talon and arrows in its left talon, echoing the Great Seal of the United States; above the eagle are thirteen five-pointed stars representing the Thirteen Colonies.
The American Eagle is uniquely the only silver bullion coin whose weight, content, and purity is guaranteed by the United States Government. Requiring no assaying, American Eagles are easily converted to cash at any time. The United States has such faith in these coins that they were the only silver items of any kind allowed to fund Individual Retirement Accounts (i.e. IRAs) prior to 1997. Since their authorization by the United States Congress in late 1985, over seventy million American Silver Eagles have been sold to investors and collectors around the world. These items have been so popular that the U.S. Mint had to suspend sales in January of 2013, in order to catch up with production. American Silver Eagles are non-reportable to the IRS by brokers. They offer complete financial privacy and security. 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 condition. Perfect for investors, veterans, and gifts for all sorts of ocassions, the American Silver Eagle is not a coin that you want to overlook. Walk with secure wealth, walk with liberty.
|Mint / Brand||US Mint|
|Year||N / A|
|Composition||.999 Fine Silver|
|Measurement||Diameter 40.6mm / Thickness 2.98mm|
|Item Weight||500 Ozt|
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