Silver Eagles

Posted by on October 28, 2011

Coin Weight (g) Composition Silver Melt Value Full Melt Value
Silver Eagle
(1985-2012)
31.103 99.9% silver
3773336383 70caca83af z2 300x198 Silver Eagles

Some Older American Silver Eagles (photo by somegeekintn*)

Over 230 million American Silver Eagle bullion $1 coins have been minted and sold. Silver Eagles are one troy ounce (31.103 grams) of 99.9% fine silver, with a face value of one dollar. The Silver Eagles are 40.6mm (1.598”) in diameter, 2.98 mm (0.1193”) thick, with a reeded edge.

(Article continued below auctions...)
ebay silver logo Silver EaglesAuctions Close to Melt Values

1412492302654040 1 Silver Eagles
2004 1.OZ AMERICAN SILVER EAGLE. I389
$20.77 (12 Bids)
Time Remaining: 30m
3510436687554040 1 Silver Eagles
2000 1.OZ AMERICAN SILVER EAGLE. I390
$20.58 (21 Bids)
Time Remaining: 33m
2010696514314040 1 Silver Eagles
1999 1.OZ AMERICAN SILVER EAGLE. I391
$19.62 (9 Bids)
Time Remaining: 34m
2010696527774040 1 Silver Eagles
2004 1.OZ AMERICAN SILVER EAGLE. I411
$23.66 (11 Bids)
Time Remaining: 37m
2214178027594040 1 Silver Eagles
5 Pack, ACB AMERICAN EAGLE ENDANGERED SPECIES 1 Gram 99.9 FINE Ag SILVER COIN
$6.99
Time Remaining: 47m
1813822521104040 1 Silver Eagles
2013 1 oz Silver American Eagle
$22.50 (7 Bids)
Time Remaining: 1h 6m
3808822640114040 1 Silver Eagles
2014 BU Silver American Silver Eagle One Ounce Lot
$22.50 (27 Bids)
Time Remaining: 1h 10m
2312058466324040 1 Silver Eagles
2014 1 oz American Silver Eagle GEM BU Coin 1 Troy Ounce 999 Fine Silver
$24.00 (6 Bids)
Time Remaining: 1h 13m
1713027942744040 1 Silver Eagles
1993 ONE OZ. SILVER AMERICAN EAGLE****Nice Luster with Beautiful Toning***
$20.00 (10 Bids)
Time Remaining: 1h 20m

(...Continued from above.)

The obverse is a recreation of Adolph A. Weinman’s 1916 Walking Liberty design from the United State’s silver half dollar minted from 1916 to 1947.  This iconic popular image has “LIBERTY” encircling the top half below the rim, “IN GOD WE TRUST” on the lower left of the coin, and the date on the very bottom rim.

The reverse has an eagle with opened wings with a shield and thirteen five-pointed stars designed by John Mercanti in 1986.  “UNITED STATES OF AMERICA” encircles the top half on the coin with “1OZ FINE SILVER-ONE DOLLAR” encircling the lower rim subdivided with a point.  The eagle has a flowing ribbon in its beak with the inscription; “E PLURIBUS UNUM”.  The eagle’s left talon holds arrows and the right an olive branch.  If there is a mint mark it’s under the olive branch.

This silver coin’s history begins in the 1970’s.  The executive branch of the United States had been making plans to sell off the United States Defense's National Stockpile of silver.  The reasoning was that domestic silver production was sufficient to meet any national need.  However whenever this was brought up silver future traders would start unloading their futures contracts anticipating such a sale would depress prices.  The idea that the sale of minted silver bullion could help bring down the national debt kept the executive branch interest in coining the silver despite great congressional opposition.  Finally on June 10th of 1981 the House Armed Services Committee decided to approve a Reagan administration request to sell the silver to help offset the 1982 federal budget. 

In July both House and Senate agreed to sell 75% of the silver (105.1 million troy ounces) over the next three years.  When the first lot was going up for bid in October 1981 the price of silver dropped 11% in September 1981.  Silver concerned politicians from Idaho tried to block the action.  On December 3rd, 1981  Senator James A. McClure (R-Idaho) got an amendment attached to a Department of Defense appropriation bill to stop further sales to reconsider the stockpile amount to be reported no later than July 1, 1982.

On May 27, 1982 Senator McClure started up legislation to sell the stockpile again.  The resistance was high and it was not until June 21, 1985 that the silver was released for minting the American Eagle silver coins.  The success of these silver coins was great.  When the stockpile of silver was running low new legislation was passed to continue the American Eagle silver bullion dollar and starting in 2002 allowed the United States’ Secretary of the Treasury to buy silver at market value and continue minting the bullion.

These coins have been minted from 1986 to 1992 in San Francisco with “S”, from 1993 to 2000 in Philadelphia with “P”, and from 2001 to 2008 at West Point showing “W”.   In 2011 minting is continuing from San Francisco and West Point.  There are Proof, and uncirculated American Silver Eagle coins offered beside straight bullion and an interesting variety of specialty pieces and oddities that collectors have found interest in.

51zI%2BtaRxJL. SL75  Silver Eagles
American Silver Eagles: A Guide to the U.S. Bullion Coin Program, 2nd Edition
List Price: $29.95
Sale Price: $17.65
You save: $12.30 (41%)
shipping Silver Eagles  Eligible for free shipping!
51r6fI37MZL. SL75  Silver Eagles
Coin Collecting For Dummies
List Price: $21.99
Sale Price: $11.89
You save: $10.10 (46%)
shipping Silver Eagles  Eligible for free shipping!
516jfO4oCNL. SL75  Silver Eagles
The Official Blue Book: A Handbook of U.S. Coins 2013 (Handbook of United States Coins (Paper))
List Price: $9.95
Sale Price: $5.63
You save: $4.32 (43%)
shipping Silver Eagles  Eligible for free shipping!
51ll1%2BB4eJL. SL75  Silver Eagles
The Official Red Book: A Guide Book of U.S. Coins 2013 (Official Red Book: A Guide Book of United States Coins)
List Price: $14.95
Sale Price: $5.50
You save: $9.45 (63%)
shipping Silver Eagles  Eligible for free shipping!
518n1b%2B7JDL. SL75  Silver Eagles
A Guide Book of United States Commemorative Coins: History-rarity-values-grading-varieties (The Official Red Book)
List Price: $19.95
Sale Price: $12.99
You save: $6.96 (35%)
shipping Silver Eagles  Eligible for free shipping!
51qMp6Pl8YL. SL75  Silver Eagles
The Everything Coin Collecting Book: All You Need to Start Your Collection And Trade for Profit
List Price: $19.99
Sale Price: $5.93
You save: $14.06 (70%)
shipping Silver Eagles  Eligible for free shipping!


One comment on “Silver Eagles

  1. filter fluoride on said:

    Thanks for sharing your great post,wish you have a nice day,happy every day!

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