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Type I and Type II Silver Coins: How Can a Beginner Tell the Difference?

The Difference Between Type 1 and Type 2 Silver American Eagles

American Silver Eagles are in-demand; they’re the official Silver bullion coin of the United States, are highly liquid, and provide value, as well as collectability. The Silver Eagle is composed of .999 Fine Silver and is in such high demand that, in recent years, the U.S. Mint has had to delay the release or ration sales.

Type 1 American Silver Eagles

The Silver Eagle has been struck since 1986, based on the 1916 Walking Liberty Half Dollar, designed by Adolph A. Weinman.

The Type I obverse features Liberty walking among sun rays, wearing an American Flag. In Liberty’s left arm, she carries laurel and oak branches. The word LIBERTY is transcribed above her head with the words IN GOD WE TRUST guiding her steps and the year of issue below her feet.

The reverse, designed by John Mercanti, features a heraldic eagle with a banner in its mouth behind a shield with arrows in its left talon and an olive branch in its right talon. The banner reads E PLURIBUS UNUM.

Type 2 American Silver Eagles

In 2021, the U.S. Mint introduced a new American Silver Eagle design for the first time since 1986. The Weinman obverse was not changed, but the reverse was updated with a design by Emily Damstra.

Damstra’s 2021 reverse design pays homage to the 1971 Eisenhower Dollar, with an eagle landing on a branch. Around the eagle are the words UNITED STATES OF AMERICA, 1 OZ. FINE SILVER, ONE DOLLAR, E PLURIBUS UNUM, and the initials of the designer, as well as the U.S. Mint Medallic artist, Michael Gaudioso.

Add a Type 1 and Type 2 American Silver Eagle to your collection today and appreciate both stately designs!

Quick Guides to Investing

Step 1:

Why Buy Physical Gold and Silver?

If you are concerned about the volatility of the stock market, you’re not alone. The extreme highs and lows of the stock market often lead investors towards safe-haven assets, like bullion. Historically, the Precious Metals market has an inverse relationship with the stock market, meaning that when stocks are up, bullion is down and vice versa.

Step 2:

How Much Gold and Silver Should You Have?

This question is one of the most important for investors to answer. After all, experts suggest limits on how much of any types of investments should go into a portfolio. After deciding to purchase and own Precious Metals and considering how much money to allocate, one can then think about how much and what to buy at any point in time.

Step 3:

Which Precious Metals Should I Buy?

With the frequent changes in the market and countless Precious Metal products available, choosing investments can be difficult. Some want Gold or Silver coins, rounds or bars while others want products that are valuable because of their design, mintage or other collectible qualities. Also, collectors may shop for unique sets and individual pieces for their collections.

Step 4:

When to Buy Gold & Silver

After considering why, how much, and what Precious Metals products to buy, an investor’s next step is when to buy them. This decision requires an understanding of market trends and the impact of economic factors on precious metal prices.

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