If you are a coin collector, it is great to add the Silver American Eagle coin to your collection. The circulation of these silver coins has been seen through the years. This coins has good quality silver and is a beautifully designed coin, and this is the reason why it is really worth owning the Silver American Eagle.
In 1986, congress authorized the minting of the first Silver American Eagle. The uniqueness of this coin is seen in that it is the only silver coin with an official investment grade. This is the best silver coin to invest in by those who invest in currencies. If you have an IRA, then you can put this type of silver coin in it since this is the only silver coin allowed.
The Silver American Eagle a troy ounce of pure silver which is ,999 fine silver. No other silver coin can compare to the quality craftmanship and brilliance of the Silver American Eagle.
The figure of Liberty walking with the rising sun at her feet is shown in the face of the silver coin. She is carrying a branch of laurel and oak in her left arm. In the opposite side of the coin we see an eagle with its wings open and high. Its body is being protected by a shied. An olive branch is seen on the eagle’s right talon and on the left talon it holds an arrow. We find 13 stars above the head of the eagle which forms an upside down triangle pattern shape. These 13 starts depict the 13 founding colonies of the United States of America.
The Silver Eagle was actually created from the silver stockpile gathered from the nation’s defense and it was done to reduce the national deficit. The request to sell the stockpiled silver was not carried out. This request was then amended after 2 years and instead of selling the silver, it was requested to sell it in the form of coins. This was approved in 1985 and the Silver Eagle and in 1986 was born.
Only precious metal firms and wholesalers were allowed to buy the Silver American Eagle coins and not anyone else. At that time, the buyers purchased the coins at $2.00 per coin over the current market rate and with a minimum order. These coins are now considered legal tender and has a value of $1.00.
If you are someone who wish to purchase a Silver Eagle coin, you can buy them from reputable sellers. If you are a coin collector, this is one piece of coin that should be added to your collection because of its beautiful design and worthiness.