The American Silver Eagle (ASE) is the official silver bullion coin of the United States, first minted in 1986 after the Liberty Coin Act was passed in 1985. Since its inception, the ASE has become the most popular and widely collected coin in the country, treasured for both its beauty and its purity. The coin is made of 99.9% pure silver, with 1 troy ounce of silver in each coin, and it has a face value of $1. However, its intrinsic value as a precious metal is far higher, making it a popular investment and collectible item.
Design and Composition
Each American Silver Eagle contains 1 troy ounce (31.103 grams) of .999 fine silver, alloyed with a small amount of copper to improve its durability. This combination gives the coin a total weight of 31.103 grams. The design of the coin is another key feature that adds to its appeal. On the obverse (front) of the coin is the iconic Walking Liberty design, created by Adolph A. Weinman. This image was first used on the U.S. half-dollar between 1916 and 1947 and represents Lady Liberty striding toward the rising sun, draped in the American flag, symbolizing freedom and hope.
The reverse (back) of the coin originally featured a heraldic eagle with a shield and thirteen stars representing the original colonies. This design was used from 1986 to 2021. In 2021, the U.S. Mint introduced a new design by Emily Damstra. This updated reverse design shows a bald eagle in flight, clutching an oak branch, symbolizing strength and resilience. The redesign in 2021 marked a significant change in the history of the American Silver Eagle, and collectors now have an added level of interest in coins minted after this change.
The American Silver Eagle is highly valued not only for its beauty but also for its metal content. Each coin is guaranteed to contain 1 troy ounce of pure silver, making it a reliable store of value for investors looking to buy physical silver. The coin is also popular among collectors, especially those seeking specific mint years or coins in uncirculated or proof condition. Proof coins, in particular, are struck with a high-polish finish and are sold at a premium due to their rarity and superior appearance.
In addition to being a sought-after collectible, the ASE is a practical way for individuals to invest in silver. It offers a tangible asset that can appreciate over time, especially in times of economic uncertainty when precious metals often see increased demand. Since the coins are backed by the U.S. government, buyers can have confidence in the authenticity and quality of each coin.
How to Buy American Silver Eagles
The U.S. Mint does not sell American Silver Eagle bullion coins directly to the public. Instead, the Mint distributes them through a network of authorized purchasers, who then sell the coins to retailers, dealers, and individuals. If you're looking to purchase ASEs, you can do so through various bullion dealers, both online and in physical stores. These dealers acquire the coins directly from the U.S. Mint in bulk and then resell them to the public.
One such dealer is Bullion Shark, which offers American Silver Eagle coins exactly as they receive them from the Mint. Bullion Shark is a reputable dealer in the precious metals market, and they provide a wide range of ASE coins, from regular bullion coins to collectible versions like proofs and graded coins.
When purchasing American Silver Eagles, it’s important to consider factors such as the year of minting, the condition of the coin, and whether it comes with any additional certification (such as from the Professional Coin Grading Service, or PCGS). These factors can influence the price of the coin significantly.
Conclusion
The American Silver Eagle is more than just a coin. It is a piece of American history, a beautiful work of art, and a trusted store of wealth. Whether you're a collector looking to add to your collection or an investor seeking a reliable source of silver, the ASE offers a valuable opportunity. With its longstanding reputation for purity and quality, along with the U.S. government backing, the American Silver Eagle remains a top choice for both collectors and investors.
As 2025 approaches, new mints of the American Silver Eagle are highly anticipated, continuing the tradition of excellence associated with these iconic coins.