Saturday, November 14th, 2009...12:13 am
American Silver Eagles - An Excellent Investment
Out of all the precious metals, silver has historically been the most affordable of them all. The year 2008 showed a strong want for silver and that has continued into 2009. Because of this strong demand for silver, the American Silver Eagles has enjoyed a huge surge increase in demand and the prices are reflecting as such.
Officially, the Silver Eagle is the silver coin of the United States, the American Silver Eagle was released to the public back in November of’86. As a coin that has been given its authorization by Congress, the weights and purities of these coins are guaranteed entirely by the United States Government. Each of these coins comes with a thickness of 2. 98 mm and each coin is guaranteed to contain at least 1 troy ounce of 99. 9% pure silver.
The design that is used on the American Silver Eagle is a design that has been used in the past. From’16 -’47, a half dollar has a design on it called “Walking Liberty” by Adolph A. Weinman. This design became so famous and so loved that when the American Silver Eagle was being designed, it was decided to use the “Walking Liberty” image again. The original design has been used ever since.
Three different mints are responsible for producing the Silver Eagles. Each separate mint has their own stamp that is placed on the coins making it able to be known where they were created. The San Francisco Mint shows the “S” mint mark, the West Point, NY Mint shows the “W” mint mark and the Philadelphia Mint uses the “P” mint mark.
If the Silver Eagles were to be used as traditional money, which they very rarely are, they would only have a value of one dollar. These coins are most often bought and kept for their investment abilities. The price of each coin would be determined by a few different factors such as year minted, grade and condition. Only a true professional dealer would be able to tell you the exact amount your coin is worth.
The American Silver Eagles can be purchased at numerous places. They can be bought directly from the United States Mint. They can be bought at numerous websites and they can also be purchased through a silver and/or a precious metals dealer. In addition to purchasing your coins there, you can also sell your coins for a profit at these places.
American Silver Eagles are a loved coin and are a great investment. They hold their value and have been shown to improve some over time. If purchased, they will be enjoyed for years to come.
Samuel Sterns enjoys writing articles about precious metal bullion, including Silver Coin Proof editions and Proof Silver Eagles for collectors.
Leave a Reply