6 Lessons Learned: Coins

What’s the American Silver Eagle?

On November 24, 1986, the United State Mint first introduced to the masses the American Silver Eagle. Whether you believe it or not, this struck at one-troy ounce size which is basically an equivalent value of 1 dollar and guaranteed to have one troy ounce of 99% pure silver.

If you wish to discover more about American Silver Eagle, I encourage you to keep on reading.

Only the United States Mint can certify the weight, purity and content. Aside from the bullion version, the United States Mint produced proof version and uncirculated versions for collectors. Because of this, the Silver Eagle has three mints and these include San Francisco Mint, Philadelphia Mint and West Point Mint. Believe it or not, those who currently own a bullion coin can utilize it to fund their Individual Retirement Account investments.

Design of the coin is one of the many things that you ought to learn from it. Adolph A. Weinman’s Walking Liberty was the basis of design for the coin which was intended primarily for the Walking Liberty Half Dollar Coin from 1916 to 1947. Since this design has become iconic, became a public favorite and beloved design of any US coinage of the contemporary time, it’s revived for Silver Eagle a few decades later. The obverse is inscribed w/ the year of issuance or minting, the word Liberty and phrase “In God We Trust”.

John Mercanti has his own input for the reverse design that portrays a heraldic eagle behind the shield. On the left talon of the eagle, you’ll find that it is holding arrows while on the right are where the olive branch rests that also echoes the Great Seal of US. Above the eagle, you’ll find the 35-pointed stars that represent the 13 Colonies. Reverse inscribed with following phrases United States of America, 1oz Fine Silver

The legislation authorized for American Silver Eagle bullion program has stipulated that the silver used in minting the coins to be obtained from Defense National Stockpile along with the intent of depleting the stockpile’s silver holdings gradually for the following years.

There are actually a lot more things that have to be learnt from the American Silver Eagle. If you are one of the people who have serious interest for this, then it is best that you take some time to read more about this subject. Through this, you can be equipped better on how you can acquire this and where it could be used. You’d learn a lot from the uses and benefits of it by doing research.