Sell American Eagle Coins to the Best Buyer in Las Vegas & Henderson, NV
American Eagle Coins encompass a variety of coins such as the gold eagle, silver eagle, platinum eagle, and palladium eagle. These coins all form part of the American Eagle Program in 1986. The release of these eagle coins for decades already marks the most successful coinage in the whole history of the US Mint. Today, these American Eagle Coins continue to occupy an undeniable spot in the bullion industry’s global market. This is evidently manifested through the increasing number of coin enthusiasts seeking for this historical collection of eagle coins.
The production of the American Eagle coins is mainly attributed to the creation of the American Eagle Program. It is considered the most non-circulating coinage program in the United States. It started from 1986 to 2019. The Congress authorized the American Eagle Program’s official implementation as part of the Statue of Liberty-Ellis Island Commemorative Act or the Public Law Number 99-61. In the second reading of this proposed bill, debates to create the coin program filled the Congress. Sen. James McClure proposed an amendment to the bill by adding a provision for Liberty Coins.
Consequently, it passed the Senate based on a voice vote. The inclusion of the amendment by the Senate was passed to the House of Representatives to undergo the same processes. The House then agreed to the amendment. The bill was signed and approved as a law by President Ronald Raegan on July 9, 1985. However, the passage of the bill was not that easy as expected. Discussions between the executive and the Congress to sell all or part of the silver stored in the Defense National Stockpile went through for years between the two chambers.
It was in 1972 when this issue reached the office of the President. This was followed by a Treasury audit and Office of Management and Budget analysis of the silver holdings. As a result, a policy was drafted by OMB Director Caspar Weinberger, authorizing the reduction of silver holdings, but it was never acted on. But the coin program flourished for a number of years and has drawn the attention of so many people in the US and across the world.
To date, the US Mint has produced 561,089,158 troy ounces of silver coins and 26,264,742 troy ounces of gold coins. Also, in the perspective of the market value in the bullion coin industry, at $17.50 per troy ounce of silver, the US Mint has produced over $8.9 billion in American Silver Eagle coins. On the other hand, at the market value of $1,750 per troy ounce of gold, there are more than $45.9 billion American Gold Eagle coins at present.
Types of American Eagle Coins
- American Silver Eagles. This the official silver bullion coin of the United States. It is struck in one-troy ounce of 99.9% pure silver and has a nominal face value of one dollar. The creation of this silver bullion coin was made possible after the passage of the Coinage Act of 1965. In the 1980s, the supply of silver exceeded the needs of the national stockpile until years after it led to the bulk auction and sale of the silver. Consequently, Congress decided to use silver to create the American Silver Eagle.
- American Gold Eagles. This is also the official gold bullion of the United States made with ¼ oz and has a face value of ten dollars. Historically, after the series of debates of the American Silver Eagle program, several gold mints began to lobby Congress in passing a bill that would allow the US Mint to mint bullion coins using gold. Fortunately, after a few months, Congress passed the Gold Bullion Act of 1985, which later created the American Eagle Gold Bullion Program.
- American Platinum Eagles. This 99.95% fine platinum coin is the official platinum bullion coin of the United States. It comes in 1/10, 1/4, 1/2, and 1 troy ounce denominations. These eagle coins were added to the American Eagle bullion program for the purpose of satisfying the needs of the local platinum mining industry in the US. It started in 1995 through legislation that authorized the American Platinum Eagle program. This was signed and approved by President Bill Clinton. In 1997, the first platinum coins were issued. These eagle coins are the only bullion coins that use a different reverse design for the proof than the uncirculated bullion coins.
- American Palladium Eagles. This coin comes with 99.5% fine palladium and has a face value of $25. It is the official palladium bullion coin of the United States. This is likewise the newest addition to the American Eagle Program, as introduced by Rep. Danny Rehberg. It is produced by the only producer of palladium in the United States, Stillwater Mining Company. These eagle coins are more prevalent in other countries like Canada and Europe than in the United States.
Value of American Eagle Coins
Each of the American Eagle coins follows a different pricing guide, ultimately relative to the current demand and supply in the bullion industry.
First, the American Silver Eagle coin’s value is determined by factors like mintage, rarity, condition, weight and purity of silver, silver premium, and collectability. Since the silver eagle coins were minted for several years, the price is determined differently. But the face value of this coin remains $1.
Next is the American Gold Eagle. It comes in four denominations with corresponding face values. Particularly, 1/10 ounce gold eagle has a face value of $5, ¼ ounce has $10, ½ ounce has $25, and 1 ounce has $50. However, these face values do not directly tell the gold content of each. The lower the fraction of these coins, the larger the premiums they carry.
On the other hand, the face value of the American Platinum Eagle is different based on its number of an ounce. One-ounce platinum eagle has a face value of $50, 1/2 ounce has $25, 1/4 ounce has $10, and 1/10 ounce has $5. But the market value of these coins is more than their respective face values when based on their collectability.
Lastly, the American Palladium Eagle, which only comes in one troy ounce of palladium, has a face value of $25. The purpose of producing these palladium eagle coins is for the investment market only. Since there was no overwhelming market in the United States at the time of its release, other countries sought this coin for its historical value, which cost hundreds or thousands of dollars.
Best Buyer of American Eagle Coins
There is no better place to sell your American Eagle Coins for their fair and deserving monetary value than to have it at Nevada Coin Mart. We are the largest coin buyer in Las Vegas and Henderson, Nevada. We give the best offers for your coins and other precious metals. We buy all sorts of American Gold Eagle Coins. We buy silver eagles, gold eagles, platinum eagles, and palladium eagles.
We are a licensed coin-buying establishment committed to giving you the best customer service and most satisfactory transactions. At Nevada Coin Mart, we are equipped with the needed equipment and facilities to guarantee the right and proper valuation of your American Eagle coins and other precious items. We use the state-of-the-art X-ray spectrometer to ensure that your items are carefully assessed and evaluated by our experts.
We have won the Best of Las Vegas Awards given and recognized by the Las Vegas Journal Review 12 times already, making us the best dealer of coin items. Our experts can guarantee that the selling transaction, particularly the coin valuation, is done with credibility and the utmost attention to small details. Excellence and competence in service delivery are definitely what we aim to give to our clients and customers.
Try this experience first-hand by visiting our store at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. We are open 365 times a year, from 9 am to 6 pm.