Getting Down To Basics with Money

What’s the American Silver Eagle?

The United State Mint first introduced the American Silver Eagle on November 24, 1986. Whether you believe it or not, this struck at one-troy ounce size which is basically an equivalent value of 1 dollar and guaranteed to have one troy ounce of 99% 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. In addition to the bullion versions, there are also proof versions as well as uncirculated versions that are produced by the United States Mint especially for collectors. For this reason, the Silver Eagle has 3 mints and they are the San Francisco Mint, Philadelphia Mint and West Point Mint. Truth is, for those who have a bullion coin, they can make use of it for funding Individual Retirement Account investments.

Design of the coin is one of the many things that you ought to learn from it. Truth is, the coin’s design was taken from Walking Liberty by Adolph A. Weinman which had been originally used on Walking Liberty Half Dollar Coin of the US from 1916 to 1947. Because this design becomes iconic and has been a public favorite as well as beloved design of US coinages of modern time, it is not a surprise that it’s revived for Silver Eagle few years later. The obverse is inscribed w/ the year of issuance or minting, the word Liberty and phrase “In God We Trust”.

Then again, a reverse design is presented by John Mercanti that is portraying heraldic eagle behind the shield. The eagle is holding arrows in its left talon and olive branch in its right, which echoes the Great Seal of US. And on top of the eagle is the 13 Colonies which is represented by the 35-pointed stars. Then as you check on the back, you’ll find inscribed saying 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 among the people interested about this, then it is strongly recommended that you take the 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. You’d learn a lot from the uses and benefits of it by doing research.

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