A Beginners Guide To Money

Learning More about the American Silver Eagle

On November 24, 1986, the United State Mint first introduced to the masses the American Silver Eagle. The truth is, it’s just at one-troy ounce size for this coin and at the same time, has a value of one dollar and sure to have one troy ounce of pure silver.

I encourage that you keep reading if you would like to discover more.

The weight, purity and content are all certified by none other than, United States Mint. In addition to the bullion versions, there are also proof versions as well as uncirculated versions that are produced by the United States Mint especially for collectors. Because of this, the Silver Eagle has three mints and these include San Francisco Mint, Philadelphia Mint and West Point Mint. Truth is, for those who have a bullion coin, they can make use of it for funding Individual Retirement Account investments.

Design of the coin is one of the many things that you ought to learn from it. The design of the coin was derived from Walking Liberty by Adolph A. Weinman which had been used initially on Walking Liberty Half Dollar Coin of the US starting from 1916 until 1947. Due to the reason that this design becomes so iconic and accepted by the public, it is not a shocking suprirse that it has been revived several years later. Obverse is inscribed together with year of issuance or minting the word Liberty as well as the phrase “In God We Trust”.

Then again, John Mercanti has presented a reverse design which portrays heraldic eagle behind a shield. The eagle holds arrows in the left talon and olive branch on its right talon, echoing 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 for American Silver Eagle bullion program stipulated that the silver used to mint the coins be acquired only from Defense National Stockpile together with the intent of depleting the stockpile’s silver holdings from time to time in the coming years.

Of course, it’s safe to say that there are many more things that should be discussed and learnt from 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. This way, you’ll be better equipped with the knowledge on how to acquire this and on where it can be best used. Besides doing research can help in fully maximizing its benefits and uses.