Price of 1 oz fine silver one dollar
Engraver: John M. Mercanti John M. Mercanti is an American sculptor and engraver. Values in the table above are expressed in AMD.
1 Oz. American Silver Eagle (Random Year)
It was first released by the United States Mint on November 24, It is struck only in the one- troy ounce size, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of Its content, weight, and purity are certified by the United States Mint.
In addition to the bullion version, the United States Mint has produced a proof version and an uncirculated version for coin collectors. The design on the coin's obverse was taken from the "Walking Liberty " design by Adolph A. Weinman , which originally had been used on the Walking Liberty Half Dollar coin of the United States from to As this iconic design had been a public favorite—and one of the most beloved designs of any United States coinage of modern times, silver or otherwise—it was revived for the Silver Eagle decades later.
The reverse was designed by John Mercanti and portrays a heraldic eagle behind a shield; the eagle grasps an olive branch in its right talon and arrows in its left talon, echoing the Great Seal of the United States ; above the eagle are thirteen five-pointed stars representing the Thirteen Colonies. The reverse of the bullion Silver Eagle will be redesigned in and will include anti-counterfeiting measures. The new features will be introduced later on the proof and other numismatic Silver Eagles.
The impetus of the American Silver Eagle bullion program ultimately comes from executive plans through the s and early s to sell off silver from the Defense National Stockpile. As the Wall Street Journal explained, "Several administrations had sought unsuccessfully to sell silver from the stockpile, arguing that domestic production of silver far exceeds strategic needs. But mining-state interests had opposed any sale, as had promilitary legislators who wanted assurances that the proceeds would be used to buy materials more urgently needed for the stockpile rather than merely to reduce the federal deficit.
Despite congressional opposition [8] [9] [10] to the sale of stockpiled silver through early June , the House Armed Services Committee decided on June 10 to approve a Reagan administration request to sell government-owned silver beginning in fiscal year to help balance the federal budget. McClure R -Idaho proposed an amendment S. Craig R-Idaho but both bills were referred to committees and never were enacted.
The Wall Street Journal reported on June 30 that the price of silver "soared after Interior Secretary James Watt announced that sales of the government's silver stockpile will be indefinitely postponed" as the government's legally required study on potential methods of selling the silver had been delayed.
As he had in the earlier bill, the senator asked,. Therefore, today, I am introducing legislation which provides that in the event the President proposes and Congress authorizes the sale of silver from the strategic stockpile, this silver would be sold through the minting and distribution of a silver-bearing coin. The bill was referred to the Committee on Banking, Housing, and Urban Affairs which held hearings on April 15, , however, it was not enacted. Some two years later, with sales still suspended, Senator McClure again introduced legislation aimed at requiring potential sales of stockpiled silver to be conducted through the issuance of coins minted from the silver.
This time his legislation took the form of an amendment S. The amendment may be summarized into the following points:. Proposed on June 21, , the Senate agreed to McClure's amendment by voice vote on the same day and it was added to H. The authorizing legislation for the American Silver Eagle bullion program stipulated that the silver used to mint the coins be acquired from the Defense National Stockpile with the intent to deplete the stockpile's silver holdings slowly over several years.
By , it became apparent that the stockpile would be depleted and that further legislation would be required for the program to continue. Bullion Silver Eagle coins do not have mintmarks. From to , they were produced at the San Francisco Mint. In March , the San Francisco Mint conducted trial strikes of bullion Silver Eagle coins in preparation for the resumption of full production later in the spring. From to , proof Silver Eagle coins were minted at San Francisco and these coins bear the "S" mintmark.
From to , they were minted at Philadelphia and these coins bear the "P" mintmark. From to , they were minted at West Point and these coins bear the "W" mintmark. Beginning again in , the proof coins were minted at West Point and bear the "W" mintmark. From to and beginning again in , the United States Mint issued a collectible uncirculated Silver Eagle coin produced at West Point bearing the "W" mintmark.
The coins are struck on specially burnished blanks and sometimes are referred to as "W Uncirculated" or "Burnished Uncirculated". The first significant variety of the Silver Eagle series appeared in and is known as the "W Silver Eagle Reverse of Variety".
The United States Mint made slight alterations to the reverse design between and and some uncirculated coins inadvertently were struck with the reverse type die resulting in a die error. As a result of the global recession , the demand from investors for bullion coins as a hedge against inflation and economic downturn surged.
In March , sales increased ninefold from the month before from , to 1,, On June 6, , the Mint announced that all incoming silver planchets were being used to produce only bullion issues of the Silver Eagle and not proof or uncirculated collectible issues.
On March 5, , the United States Mint announced that the proof and uncirculated versions of the Silver Eagle coin for that year were temporarily suspended due to continuing high demand for the bullion version. Peters D- Michigan. Moy urging him to begin minting these products as soon as possible and continuing to do so until the end of the year.
This effort was not successful and the collectible versions were not produced. The sale of Silver Eagle bullion coins was suspended from November 24 to December 6 and the allocation program was re-instituted on December 7; the product sold out on January 12, Production of the Silver Eagle bullion coins began in January of that year as opposed to beginning typically in December preceding the year of issue and the coins were distributed to authorized dealers under an allocation program until September 3.
Moy provided testimony to the House Subcommittee on Domestic Monetary Policy and Technology on the matter of proof and uncirculated Silver Eagle coins, referencing the possibility of a legislative solution. Moy explained:. As Director of the United States Mint, I appreciate the disappointment of these collectors, but I am encouraged to know that the Subcommittee is exploring the possibility of an amendment to the law that would afford the Secretary the authority to approve the minting and issuance of American Eagle Silver Proof and Uncirculated Coins even when we are unable to meet the public's demand for the bullion versions of these coins.
American Eagle coin collectors and our many other customers who purchase these products as gifts would likely welcome such a change. Indeed, such a change would be one of the most positive customer satisfaction measures that could be taken to benefit your coin collecting constituents without having an effect on American's [ sic ] ability to acquire investment-grade silver bullion.
We have already provided you technical drafting assistance that your staff have requested to accomplish this change; however, such a change needs to be enacted soon. We can mint , per month, and if we can begin by September, we will be able to produce about , one-ounce silver American Eagle coins to meet collector demand for this product in the remaining months of On September 22, , Representative Melvin L.
The bill was signed into law Pub. In January , the Mint suspended sales of American Silver Eagle bullion coins after the first week due to high demand.
The Mint resumed the allocation program that had been implemented from to The Silver Eagle coins were sold out in the first week of July The Mint said its facility in West Point, New York, continued to produce coins and it resumed sales at the end of July This was the second time the mint's silver coins had sold out in the past nine months.
The Mint ran out of dated American Eagles in November In , the historic drop in silver increased demand for silver coins, forcing the mint to ration silver coin sales for 18 months. In recent years, strong international demand for American Silver Eagles has materialized, especially in Asian markets. Sales of American Silver Eagle bullion coins began on November 24, , and initial inventories sold out "immediately due to the phenomenal demand".
Silver Eagle bullion coins, along with American Gold Eagle bullion coins, were planned as "viable investment alternatives to the gold and silver bullion coins produced by other countries. In order to provide "effective and efficient distribution, which maximizes the availability of the coins in retail markets as well as major investment markets" the Mint utilizes a network of "authorized purchasers" to distribute the coins.
The coins are sold to banks, brokerage companies , coin dealers, precious metal firms, and wholesalers that meet the following requirements:. Authorized purchasers must order a minimum of 25, coins which they sell to secondary retailers that sell them, in turn, to the public. Bullion coins are shipped in so-called "monster boxes".
Each green plastic box holds coins which are packaged in coin plastic tubes. On the lid of each box are two raised Department of the Treasury seals and the phrase "United States Mint" in raised lettering.
Before shipping, the boxes are sealed with straps by the Mint and labeled with the year of issue and a serial number. Proof American Silver Eagle coins dated through were sold directly to the public by the United States Mint at a fixed price. The coins were packaged in a protective plastic capsule mounted in a satin -lined, velvet -covered presentation case and accompanied by a certificate of authenticity.
Special issues and sets are sold directly to the public by the United States Mint. This is their legal value reflecting their issue and monetization as coins. Per 31 U. American Silver Eagle Coin prices and premiums are mainly dictated by the fluctuating silver spot price and ongoing supply-demand factors for this most often purchased silver bullion product worldwide.
Mintages, and thus prices, of bullion, proof, and uncirculated Silver Eagle coins have varied widely, and the potential collector is advised to check a standard reference book before buying them. Generally, the bullion versions have been minted in the millions, while the proof and uncirculated versions were issued in the hundreds of thousands each.
From Wikipedia, the free encyclopedia. Silver bullion coin of the United States. Public Law Moy, Testimony of Edmund C.
Money portal Numismatics portal United States portal. January 13, Archived PDF from the original on May 5, Retrieved May 20, United States Mint. January 20, Retrieved March 25, Mint to redesign gold and silver American Eagles, implement security devices". Retrieved Wall Street Journal. July 24, March 6, March 16, September 10, September 12,
Silver American Eagle Coin, 1 Troy oz of fine silver, quality guaranteed from the 12th chief engraver at the U.S. Mint, features a spread-winged eagle, with 13 The $1 Silver American Eagle Coin is the purest silver dollar ever struck by the Face Value: $1; Quality and weight guaranteed; Official silver bullion of the. American Silver Eagle 1 oz - Popular Bullion. Pure. Private. Low Premium. Half Dollar design and the reverse features the heraldic eagle design by John The American Silver Eagle 1 oz contains one ounce of pure silver so pricing is easy.
JavaScript seems to be disabled in your browser. You must have JavaScript enabled in your browser to utilize the functionality of this website. The Silver Eagle is the official silver bullion coin of the United States. It was first minted on November 24,
The Silver Eagle will be the last of its kind, with significant changes coming to the coin that originally debuted in and will celebrate its 35th anniversary in
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1-oz American Eagle Silver Dollar Coin
JavaScript seems to be disabled in your browser. For the best experience on our site, be sure to turn on Javascript in your browser. First issued in , all American Silver Eagle Coins are Shop online anytime or call our trade desk at Dating back to , the American Silver Eagle is the official silver bullion coin of the United States.
American Silver Eagles
This silver Dollar coin is the official silver bullion coin of the United States. Since that time it has become one of the most popular silver bullion coins in the world. The Silver Eagle is minted with 1 oz. One reason investors choose this coin over others is because it is backed by the US government. They guarantee this coin to weigh at least one troy ounce, and be the correct purity of silver. Weinman of the Walking Liberty Lady. His design depicts Lady Liberty walking towards the sun while her stars and stripes cape blows in the wind. Rest assured that these coins will come in uncirculated condition.
It was first released by the United States Mint on November 24, It is struck only in the one- troy ounce size, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of
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American Silver Eagle
America's trusted name in coin and bullion trading for 50 years. In addition to these charts, other chart information is available to you from Monex:. Monex is pleased to offer our customers and prospective customers a wide selection of additional exclusive and customized charts as well as other tools not available to the general public. Available on restricted-access pages on the Monex website, these additional charts and tools are accessible via special links which will be sent to you in special emails sent from Monex. Simply call a Monex Account Representative at the phone number listed at the top of this page to request special access to these additional charts and tools. What is the price of Silver Eagle Coins today? The best reference for today's up to date prices for Silver Eagle Coins is above. How much is an American Eagle silver coin worth? However, Silver Eagles are worth close to their intrinsic metal value. General shortage or surpluses of Silver Eagles in the marketplace can affect their worth as related to pure investment grade bullion. What is the value of an American Silver Eagle coin? The American Silver Eagle is valued for its silver content. Since it contains precisely one once of silver bullion, its value approximates the price of spot silver bullion trading on the open market plus some premium as it is in a favorable small format coin form. What is the Silver Eagle price today to sell? The price to sell Silver American Eagles is at the bid price.
Silver American Eagle Price Charts
E-mail Error message here! Password Hide Error message here! Remember me. Lost your password? Please enter your email address. You will receive a link to create a new password. Each coin has a declared value of only one dollar. However, these are bullion coins, meaning they have a precious metals content.
