A Simple Plan: Money

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. Furthermore, the United States Mint has a special version of the coin that are intended only for collectors and these are proof version and uncirculated version. Because of this, the Silver Eagle has three mints and these include San Francisco Mint, Philadelphia Mint and West Point Mint. Believe it or not, those who currently own a bullion coin can utilize it to fund their Individual Retirement Account investments.

Design of the coin is one of the many things that you ought to learn from it. 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. Since this design has become iconic, became a public favorite and beloved design of any US coinage of the contemporary time, it’s revived for Silver Eagle a few decades later. Obverse is inscribed along with the minting or the year of issuance and the phrase “In God We Trust” and the word Liberty.

Then again, John Mercanti has presented a reverse design which portrays heraldic eagle behind a shield. The eagle holds arrows in the left talon and olive branch on its right talon, echoing the Great Seal of US. Just above the eagle, you’re going to find 35-pointed stars which represent the 13 Colonies. One Dollar.

The legislation authorized for American Silver Eagle bullion program stipulates that all silver used for minting the coins shall be acquired from Defense National Stockpile along with the intention of depleting the stockpile’s silver holding slowly for the subsequent 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 is going to help you in learning where to acquire it and how to use it. You’d learn a lot from the uses and benefits of it by doing research.

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