American silver eagles were minted from 1986 to the present year. They have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

2001 Silver Eagle

Silver Eagle Reverse

Specifications

Type: American Silver Eagle
Year: 1986-present
Face Value: $1.00
Composition: 99.9% silver
Total Weight: 1 troy oz.
Current Silver Bullion Value: $29.68

History

The American silver eagle was the first silver bullion coin officially minted by the United States. It's one of the most popular coins that collectors seek and the Eagle series is likely to continue into the future.

One notable advantage of buying these coins is that they can be used to fund Individual Retirement Accounts (IRAs).

Series

Different series are available. Silver eagles were minted out of three different locations- Philadelphia, San Francisco, and West Point. The coins with no mint mark or with the P mint mark were minted out of Philadelphia. Coins with the W mint mark are minted out of West Point. Lastly coins with the S mint mark are proof coins minted out of San Francisco. The mint mark, when present, can be found on the reverse side of the coin.

Reverse proof coins and burnished coins were also minted and these coins sell for more money.

Design

The obverse side of the coin was designed by Adolph A. Weinman. His initials AM can be found on the hem of Liberty's gown. The reverse side of the coin was designed by John Mercanti.

The design on the obverse side of the coin features a portrait of Lady Liberty. This design is a modified version of Weinman's Walking Liberty half dollar design. The reverse side of the coin features a bald eagle behind a shield.

Value

Any silver eagle, regardless of condition, is worth at least its weight in silver. The current spot price of silver is $29.68 per ounce as of August 07, 2020. Therefore $29.68 is the current melt value of this coin.

This coin in uncirculated condition will sell for a premium above its melt value. Proof coins and burnished coins will sell for higher prices.

Ultimately, the value of a silver eagle will depend on its series and its condition. See the list below to learn the value for any individual silver eagle coin.

 

Sources:

The Red Book