American Eagle Silver Bullion Coin

American Eagle Silver Bullion Coin - click on image to enlarge

General Coin Information

The American Eagle Silver Bullion Coin, first available from the US Mint in 1986, offers investors and collectors a unique way to obtain a coin whose true worth is based on the value of the metal it contains. Typically, a coin's value is determined from its limited mintage, rarity, condition and age. In the case of the Silver Bullion coin, it is mostly determined by the market value of the ounce of silver it is made from.

Silver being more affordable than gold and platinum, these pieces are favorites among many for their affordability and credibility. Considered legal tender of the United States, they also are the only silver bullion coins whose weight and purity are guaranteed by that government. In fact, the US Government allows investments in these coins to be listed as assets in personal retirement accounts.

Unlike the gold and silver bullion coins also available, the Silver Bullion coin is only available in one size, which contains one ounce of silver. Its face value is $1. When bought new, added to the base silver price of the coin is a small premium to help absorb minting, distribution and marketing costs.

The mint does not sell these Silver Bullion coins directly to the public. Instead, a network of wholesalers, brokerage companies, precious metal firms, coin dealers, and participating banks is used.

Obverse Design

Adolph A. Weinman's 1916 "Walking Liberty" half dollar provided the basic origin for the obverse design. That vintage coin is considered to be one of the most beautiful American coins ever minted. The obverse also contains the year, and the word "LIBERTY".

Reverse Design

The reverse comes from the work of engraver John Mercanti and contains a Heraldic Eagle with shield, meant to symbolize strength and endurance. Carried in the beak of the eagle are the words "E PLURIBUS UNUM". Also visible around the edge are "UNITED STATES OF AMERICA", "1 OZ. FINE SILVER" and "ONE DOLLAR".