American Silver Eagle Coins ? A Smart Investment
American Silver Eagle Coins are one of the most popular and best ways to invest in silver. They also make great keepsakes and gifts. These are considered to be the most beautiful of the silver coins ever minted in the history of United States of America.
Minted since 1986, it is the United State Mint's Dollar coin minted specially for silver bullion for collectors. This paved the way for commercial success of silver and gold bullion coins that were sold to the public. These are deemed as the official silver bullion of the USA because of the purity, content, and actual weight. There are several investors and bullion collectors across the globe interested in the American Silver Eagle coins.
Design of American Silver Eagle Coins:
The silver proof coin has an Adolph A. Weinman's full-length figure of Liberty on its obverse side. The Liberty is enveloped completely in the U.S. Flag with her right hand extended while her left hand holds branches of laurel and oak. The coins reverse side has a heraldic eagle with a shield. The right talon has an olive branch while the left holds arrows. This was specially designed by the United States Mint engraver John Mercanti. This in short portrays the stand of United States over the world conditions.
The U.S. mint restarted issuing Silver Proof Sets in 1992. This continues till date mainly because of its popularity. Silver Proof Set collections are easy to collect is one is planning to start a collection. The specifications indicate that the American Eagle Silver Proof Coin has a purity of 99.9%. The face value of the one ounce coin is 1 dollar. The dimensions are marked at 1.598 inches in diameter. The coin weighs around 1.0000 troy ounces and contains around 0.999 silver troy ounces. These are constant favorites among the collectors and are available in plenty until the next release. 1987 was the first year of mint of a Silver Proof.
Tips for Potential American Silver Eagle Coin Investments:
1. The largest portion of the value in the coin is the silver content, so focus on quanity instead of buying mint condition coins which are graded by PCGS and NGC. These coins will be the backbone of your silver coin portfolio and help you in a better way and this will help you to keep readily liquidated silver bullion coins.
2. If you buy a sealed mint box you may be lucky enough to find some mint condition coins for free, which you may be able to resell for a higher price.
3. Check the date of the coin and see how many were minted in that year. Some coins are given an extra premium due to low availability.
4. Compare the coin's premium over the price of silver. The premium can fluctuate, especially when the coins are in high demand.
The American Silver Eagle is hard to come by and collectors are on constant look out for these coins. No matter how much you invest in American silver eagle coins, it is easy to buy in small or large quantities at a site such as tradeplacer.com to build and fortify your precious metals portfolio.
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For More Info or to Buy Now: www.hsn.com Feel the pride of owning a piece of American history when you purchase this 1986 Proof Silver Eagle Dollar coin. With its exquisite proof quality, it is an incredible addition to any coin... Prices shown on the previously recorded video may not represent the current price. View hsn.com to view the current selling price. HSN Item #812634
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An Interesting History regarding the American Silver Eagles
From time immemorial, the great civilizations based their economies around the "Gold Standard," or the value of gold. Later on, European countries came to prefer silver, which created the "Silver Standard." Both precious metals were then concurrently used for the valuation of currencies of various countries. In the last quarter of the nineteenth century, America used this dual system as well, with its silver standard using the Spanish silver dollar, the real, as well as the gold standard using its own gold dollar, the Eagle, that the countries recovering from internal wars would soon covet.
The crisis of free banking that resulted in the American Civil War brought the conclusion of that silver standard. Silver coins were no longer minted by then when the succeeding financial crises of the World War plus the Depression required paper currency with gold reserves to back them up as a solid foundation. However, by 1933, the floundering economy required Congress to change the gold standard to silver for the first time in American history. This was kept set until 1968, when it was common practice in the U.S. Treasury, not the Federal Reserve, to allow people to redeem silver dollars and silver bullion for silver certificates.
Silver wasn't part of normal circulation again until the 1980s, when the Defense National Stockpile found it had an more than enough silver and asked for Congressional approval to sell it. So during the term of President Ronald Reagan, the very first silver coins in decades - the American Silver Eagles - were minted in 1986. They were first minted in San Francisco from 1986 - 1992, thus earning them the mintmark "S." Afterward, they were minted inside the Philadelphia press for the following 7 years and given the "P" mark. From 2001 to today, they were minted at West Point and have the "W" mintmark. The most awaited coin of this decade, the 2010 Proof Silver Eagle, has made a record in sales of silver bullion coins. After rocky starts from January 2010, the expected shortage of coins pushed the minting and subsequent sales to November 19, 2010. Impressively priced at .95 each, one household was given a maximum allowance of 1 hundred coins from the United States Mint.
2010 Proof Silver Eagle - The United States Mint has offered Silver Eagles for precious metals investors and coin collectors since 1986.
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For More Info or to Buy Now: www.hsn.com If you collect silver coins, here's your chance to own a classic with the 20th Anniversary Reverse Proof Silver Eagle Dollar. First introduced in 1986, this beautiful 1 oz. bullion coin has the... Prices shown on the previously recorded video may not represent the current price. View hsn.com to view the current selling price. HSN Item #545255
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The American Silver Eagle – A Favorite With Collectors and Investors
The American Eagle is the emblem of the United States of America with its great strength and majestic beauty symbolizing freedom. Whether soaring above towering mountains and canyons or gliding through picturesque valleys at one with Nature, the eagle has unlimited freedom. The Eagle appears in the Seals of many States, on most US gold and silver coinage, and it is used for decorative patriotic purposes.
The American Silver Eagle is the Official Silver Bullion coin of the USA initially released by the US Mint on November 24, 1986. It is guaranteed for weight, content and purity to contain one troy ounce of.999 pure silver with an actual composition of 99.93% silver and 0.07% copper. It weighs 31.101 grams (1.000 ounces), has a diameter of 40.6 mm (1.598 inches) and is 2.98 mm (0.117 inches) thick with a reeded edge.
Originally issued as an investment coin there are three versions:
1. Bullion: A bullion coin is valued by its weight in a specific precious metal and is sold through authorized coin and bullion dealers. The American Silver Eagle bullion coin an accepted by Individual Retirement Account investments.
2. Proof: This is the collectible proof version available in perfect grades directly from the US Mint and carries a "P" (proof) mark.
3. Uncirculated: This recent minting is the uncirculated collectible, hand-loaded into the coining press, struck on specially burnished blanks and carries the "W" mark of the United States Mint at West Point.
The American Eagle is the largest silver dollar ever issued by the U.S. Mint and is highly prized for its beauty and silver content. The obverse design comes from the popular "Walking Liberty" design by Adolph A. Weinman originally used on the 1916 to 1947 United States' half-dollar coin. It has the official motto "In God We Trust"with the word LIBERTY around the out top half and the year of issuance. The reverse designed by John Mercanti depicts a heraldic eagle behind a shield with an olive branch in its right talon and arrows in its left talon. Above the eagle are thirteen five-pointed stars representing the Thirteen Colonies and the motto "E PLURIBUS UNUM" appears with the phrases UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR. The American Eagle is"official legal tender" at face value; however its silver value far exceeds this.
The Silver Eagle is sort after by collectors who collect the series by date. A complete collection must include two key dates. The 1995-W Proof Silver Eagle which was only included in the 1995 Gold Eagle Proof Set and had a minimal mintage of 30,125 coins. The 2006-W Reverse Proof Silver Eagle which was only included in the 2006 20th Anniversary Silver Eagle Set, which was limited to 250,000 sets.
Some bullion or proof issues carry premiums due to lower mintages. A classic example is The Bullion 1996 Silver Eagle which had an extremely low mintage of just 3,603,386 while only 498,293 of the 1996 Proof Silver Eagles were minted. The 1994 Proof Silver Eagle had the lowest series mintage for a standard proof coin of just 372,168.
Silver continues to be a good investment with the ounce price in the new Millennium rising from around the $ US5 in 2000 to over in 2010. Forecasters predicate continuing upward movement driven by the jump in retail demand along with the increase
About the Author
Kenneth Saywell is an Internet Marketer with a Sales and Marketing background living in rural New Zealand. Kenneth looks to connect with positive, motivational and interesting people and through shared experiences grow and realize mutual dreams. Leisure activities include bush walking, philately and genealogy. Find out more at http://kennethsaywell.com
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