American Silver Eagles

Overview

The American Silver Eagles were first released on November 24, 1986, and is the United States’ official silver bullion coin. It can be used as an investment or a store of value (an asset that can be saved, redeemed, or exchanged) rather than for everyday commercial use. 

History

On October 29, 1986, the very first American Silver Eagle was struck in San Francisco. A striking ceremony was conducted at the San Francisco Assay Office with Secretary of the Treasury James A. Baker III presiding over it.

Silver coins typically have mint marks, but the Silver Eagles don’t have one. The Silver Eagles were minted at the San Francisco Mint from 1986 until 1998. Philadelphia Mint and West Point Mint took over the Silver Eagles’ production from 1999 until 2000.

Production of the Silver Eagles resumed in the spring of 2011.

Value

The Silver Eagles have a face value of $1 and weigh one troy ounce of 99.9% fine silver. But when deciding to sell your Silver Eagles, the face value is disregarded. And there are four things you need to know about how the value of Silver Eagles is determined. Here are the four factors that you need to remember:

  • The spot price of silver
  • Condition
  • Year
  • Mint Mark

The spot price of silver is extremely volatile and changes every minute. And it is even more volatile than gold. Silver Eagles also have a collectible value such as the coin’s condition, the year it was minted, and mintmark.

We BUY American Silver Eagle Coins

Do you have American Silver Eagle coins and want them out of your hands? We’ll be happy to take them from you and even pay you for them! Here at Nevada Coin Mart, we are the #1 buyer of American Silver Eagle coins in Las Vegas and Henderson, even in the entire Nevada state! 

We offer free in-store evaluation for your piece using a state-of-the-art Thermo Scientific Niton X-Ray Spectrometer in order to accurately analyze and measure precious metal contents in your piece. This will ensure that you get top-dollar for your items. 

We are open 365 times a year from 9 am to 6 pm, so come visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103 or call us up at 702-998-4000.

Reference

https://en.wikipedia.org/wiki/American_Silver_Eagle#Minting_history