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A Brief History of American Silver Eagle
The United State Mint first introduced the American Silver Eagle on November 24, 1986. 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.
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The weight, purity and content are all certified by none other than, United States Mint. 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. 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. 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”.
Then again, a reverse design is presented by John Mercanti that is portraying heraldic eagle behind the shield. The eagle is holding arrows in its left talon and olive branch in its right, which echoes the Great Seal of US. Above the eagle, you’ll find the 35-pointed stars that represent the 13 Colonies. Then as you check on the back, you’ll find inscribed saying United States of America, 1oz Fine Silver
The legislation authorized for American Silver Eagle bullion program stipulates that all silver used for minting the coins shall be acquired from Defense National Stockpile along with the intention of depleting the stockpile’s silver holding slowly for the subsequent 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. This way, you’ll be better equipped with the knowledge on how to acquire this and on where it can be best used. Furthermore, research can maximize the benefits and uses of it.