The Liberty Coin Act of 1985 gave way to the possibility of a domestic source for Silver Bullion coins that had not been available to investors. On October 29, 1986 Secretary of the Treasury James Baker pressed the button at the San Francisco mint to strike the first Silver American Eagle.
These impressive .999 silver coins have a diameter of 40.6 millimeters and weigh one full ounce. They have a reeded edge while possesing a legal tender of one dollar.
Sculptor Adolph A. Weinman’s iconic Walking Liberty design graces the obverse. It includes Lady Liberty, with an outstretched arm, draped by the Stars and Stripes. The design is considered among the best to ever appear on a coin.
The reverse features prolific sculptor John Mercanti’s heraldic eagle behind a shield, with an olive branch and arrows in it’s talons, symbolizing peace and strength.
These coins were minted in San Francisco from their inception in 1986. In 2000, the process moved to Philadelphia and West Point. Since then they have only been struck at West Point.
Silver is an affordable way to secure and diversify a portfolio. The quality of these bullion coins give them a numismatic measu on top of their intrinsic silver value, allowing them to increase in value because of the high demand it brings.
Date Minted: 1986
Designer(s): Adolph Weinman, John Mercanti
Diameter: 41.00 MM
Weight: 31.10 Grams
Although the Silver American Eagle is one of the preferred coins of Silver investors, there are several other coins that meet the requirements for including them in your Silver IRA account.
Silver bullion coin produced at the Perth Mint
Minted in 2008 by the Austrian Mint in Vienna.
First minted in 1979 with a purity of 99.9% and continued for 3 years.
This coin features a detailed image of the Arctic Fox at home in its natural habit of the Canadian wilderness.
Minted at the oldest mint in North America.
Call (855) GOLD – IRA now to start your Silver IRA and add the Silver American Eagle to your account.