While it might seem like there are an infinite number of coins in the world, there are always those that stand out to coin collectors far and wide. One such piece of currency is the U.S. Silver Eagle or the American Silver Eagle Coin. If you are unfamiliar with this popular item, learn more about it in the guide below.

3 Important Facts About the U.S. Silver Eagle

1. Historic Beginnings

The creation of this unique coin was a direct result of the country’s political landscape in the 1970s and 80s. During this period, the selling of silver from the Defense National Stockpile was believed to be a solution to the national debt, but others, specifically Congress, disagreed. A sale was approved in 1981 but rebutted when silver prices fell by 11%.

In 1985, the “Liberty Coin Act” amendment made the sale a success, with the promise that the silver would be used for coin making. As a result, the first American Silver Eagle coin was created in San Francisco on October 29, 1986.

2. High Resale Value

Since the coin has a history that spans roughly 40 years, it’s sought-after by coin collectors. Even though the coin’s face value is a dollar, it garners a premium over many other silver coins and bars. Multiple versions of the coin were released between 1986 and 2017, and some rarer dates go for even higher prices. 

3. Beloved Design

Regardless of the year, the American Silver Eagle is popular because of its eye-catching design. The front, or obverse, features “liberty” personified as a woman walking. Stars and stripes create the background as she carries laurel and oak branches, which symbolize civil and military glory.

On the reverse, you will find an eagle on top of a mountain, showcasing its wingspan in a display of power. The obverse was designed by Adolph A. Weinman and the reverse by Chief Engraver, John Mercanti.

If you are interested in adding this specimen to your coin collection, turn to Coins Plus of Cincinnati. Their experts have helped enthusiastic coin collectors since 1972 with buying, selling, and appraising currency. To learn more about their skills, visit the website, or call (513) 621-1996 to speak with a staff member.