A Brief History of American Silver Eagle
On November 24, 1986, the United State Mint first introduced to the masses the American Silver Eagle. As a matter of fact, this struck at just one-troy ounce size which has an equivalent value of one dollar and guaranteed to have one troy ounce of 99 percent pure silver.
I encourage that you keep reading if you would like to discover more.
If there’s one thing that you should know, it is that the weight, purity and content can be certified only by the United States Mint. Aside from the bullion version, the United States Mint produced proof version and uncirculated versions for collectors. Because of this, the Silver Eagle has three mints and these include San Francisco Mint, Philadelphia Mint and West Point Mint. Fact is, for anyone who owns the bullion coin, they can use it for funding Individual Retirement Account investments.
There are basically a lot of things you should learn from the coin and among it is the design. The design of the coin was derived from Walking Liberty by Adolph A. Weinman which had been used initially on Walking Liberty Half Dollar Coin of the US starting from 1916 until 1947. Due to the reason that this design becomes so iconic and accepted by the public, it is not a shocking suprirse that it has been revived several years later. Obverse is inscribed together with year of issuance or minting the word Liberty as well as the phrase “In God We Trust”.
Then again, John Mercanti has presented a reverse design which portrays heraldic eagle behind a shield. The eagle is holding arrows in its left talon and olive branch in its right, which echoes the Great Seal of US. Above the eagle, you’ll find the 35-pointed stars that represent the 13 Colonies. Reverse inscribed with following phrases United States of America, 1oz Fine Silver
The legislation for American Silver Eagle bullion program stipulated that the silver used to mint the coins be acquired only from Defense National Stockpile together with the intent of depleting the stockpile’s silver holdings from time to time in the coming years.
Actually, there are more things that should be discovered from American Silver Eagle. If you are one of the people who have serious interest for this, then it is best that you take some time to read more about this subject. This way, you’ll be better equipped with the knowledge on how to acquire this and on where it can be best used. Besides doing research can help in fully maximizing its benefits and uses.
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