It’s a new year, which means new beginnings, new goals, and, more importantly, new opportunities to grow your precious metals portfolio. Each year, the United States Mint releases a new Silver American Eagle proof and bullion coin that investors and collectors alike are eager to add to their collections or investments. And the much anticipated 2018 Silver American Eagle is now available for purchase! The Silver American Eagle is a great investment to make each year because of its metal content, guaranteed quality, and overall popularity across the globe. So, whether you are a new investor or collector or you’re looking to keep your Silver American Eagle up to date, you won’t want to wait to get this beautiful coin. While many people collect the coin, not many know the history of the coin’s creation and the stories behind its beautiful designs. The Silver American Eagle has a rich history associated with it and you can read more on it below.
The History of the SIlver American Eagle
It all started in the 1970s when the United States government wanted to start selling off silver that was being held in the Defense National Stockpile. Much of Congress believed that selling off the stockpiled silver would be beneficial, but there was an ardent opposition to selling any of the silver in fear that there wouldn’t be enough to use in case an emergency arose or the government needed a bailout strategy. Congress continued to disagree about the stockpile until 1982 when the House Armed Services Committee authorized the selling of silver to balance out the federal budget during the Reagan administration. Once the authorization was official, Congress finally came to an agreement to sell 75% of the silver that was being held over a three-year period, which equates to about 105.1 million troy ounces of silver. This piece of legislation was eventually overturned citing that selling that quantity of silver would effectively ruin the silver market. The next piece of major legislation involving the coin came just two years later in the mid-1980s. The Silver American Eagle was first introduced to the United States on November 24, 1986, due to the Liberty Coin Act of 1985. From the time it was first minted until now, it was been minted in three different locations, the Philadelphia Mint, San Francisco Mint, and the West Point Mint. From 1986 to 1992 the proof Silver American Eagles were minted exclusively in San Francisco. Then from 1993 to 2000 proof coins were minted in Philadelphia and from 2001 to 2008 the Silver American Eagles were minted in West Point. The coin was originally minted in only the 1 Troy-ounce size, so if you were ever looking for smaller denominations for those years, you’re out of luck. Another thing to note about the Silver American Eagle is that it is available in proof and bullion conditions, except for 2009 when no proof version was minted.
The Design of the Silver American Eagle
Interestingly enough, the Gold American Eagle and Silver American Eagle have different designs, so it’s not only their metal content that sets them apart. The obverse of the coin displays the beautiful Walking Liberty design by Adolph A. Weinman, a German-born, American sculptor, and architect. The same design was used for the Walking Liberty Half Dollar which was circulated from 1916 to 1947. The design has also been a long time favorite among coin investors and collectors for generations. It was natural for the design to be selected for the new coin. The reverse of the coin features John Mercanti’s, notable American sculptor, a portrait of a majestic bald eagle with a shield covering the bird’s breast. The reverse of the coin also features the face value, weight, United States of America, and 13 stars.
Why You Should Buy the Silver American Eagle Coin
Now that you know the history, it’s time for you to get the coin and add it to your portfolio or collection. Not only is silver a smart and safe investment because of its low cost per ounce, but it also allows new investors to get into the precious metals market with little-to-no risk. Silver is very affordable and people from all different economic backgrounds can purchase it. Along with these benefits, the Silver American Eagle is a true beauty and investor in its own right. The Silver American Eagle PF70 coin has been authenticated, heavily scrutinized, and determined to be in perfect proof-70 condition. These coins have a lot of historical significance in both their design and quality and are also unparalleled in beauty with their mirror-like finish.
Here are more even more reasons why the PF70 Silver American Eagle is a good fit for your portfolio:
- Each coin contains 1 oz. of .9999 of fine Silver
- Each coin’s value is backed by the United States government
- Each proof coin has a mirror-like finish for a stunning, unparalleled finish
- Each coin is NGC-authenticated to be in perfect PF70 condition
So what are you waiting for? Contact the United States Gold Bureau and get your hands on a PF70 Silver American Eagle today before they’re all gone! Call 1-800-775-3504 to get started on your investment.