American Silver Eagles are official silver bullion coins issued by the United States Mint. They were first introduced in 1986 and are popular among precious metal investors and collectors. The coins contain one troy ounce of .999 fine silver and have a face value of one US dollar. However, their actual value is tied to the current price of silver in the market.
The obverse of the American Silver Eagle features the iconic “Walking Liberty” design, originally used on the Walking Liberty Half Dollar coin issued from 1916 to 1947. The coin’s reverse displays a heraldic eagle with a shield, an olive branch in one talon, and arrows in the other.
Noteworthy American Silver Eagle Versions
All American Silver Eagles (video) hold value, but some are more valuable and sought after than others. These coins are not listed in any particular order and their perceived value may change often.
One: 2020 W V75 American Silver Eagle
The 2020 W V75 American Silver Eagle is a special edition coin issued by the United States Mint to commemorate the 75th anniversary of the end of World War II. The coin was released in 2020 to honor the sacrifices made by American service men and women during the war and to celebrate the country’s victory.
Two: 2021 First Type II American Silver Eagle
This limited mintage Type II American Silver Eagle features a new reverse design on the coin’s back side. The new design depicts an eagle in flight, carrying an oak branch, and features a large, detailed image compared to the more simplistic design of the original Type I Silver Eagle. This coin was released mid-year 2021.
Three: 1996 MS American Silver Eagle
The 1996 American Silver Eagle was first introduced by the United States Mint in 1986. The obverse features Adolph A. Weinman’s iconic “Walking Liberty” design. On the reverse side of the coin is the heraldic eagle design, created by John Mercanti. There are only 438 certified as a perfect MS-70.
Four: 1999 MS 70 American Silver Eagle
The design of the 1999 American Silver Eagle is the same as other coins in the series. The obverse features Adolph A. Weinman’s iconic “Walking Liberty” design, while the reverse showcases the heraldic eagle design created by John Mercanti. While there were many minted, less than 100 have been certified as MS 70.
Five: 2021 W PF 70 Reverse Proof Type II American Silver Eagle
This 2021 Silver Eagle Type 2 is the first time in the Silver American Eagle series that a new reverse design is featured. This coin features the Type 2 design struck in a Reverse Proof finish, available only in the Designer Edition set with a mintage of just 125,000 coins.
Six: 2021 Last Type I American Silver Eagle
In 2021, the U.S. Mint changed the American Eagle program for the first time in 35 years, introducing new designs for Gold and Silver Eagles. Only 150,000 2021 Last Type I American Silver Eagle coins with the previous design were struck on April 8th, 2021, the final production day for the Type 1 Silver Eagles.
Seven: 2019 S PF 70 Enhanced Reverse American Silver Eagle
With a mintage of 30,000, the 2019 S PF 70 Enhanced Reverse American Silver Eagle coin is fairly rare. This coin was released on November 14th, 2019. The US Mint has struck only one other Silver Eagle in Enhanced Reverse Proof format, the 2019 W Enhanced Reverse Proof Silver Eagle.
Eight: 2000 Millennium Set American Silver Eagle
The 2000 U.S. Millennium Coinage and Currency Set is an interesting collector’s item as it includes not only an uncirculated Silver Eagle but also a Sacagawea dollar with a burnished finish. All items are uncirculated, and it comes with a presentation folder.
Nine: 1995 W Proof American Silver Eagle
The 1995 W Proof American Silver Eagle is a sought-after coin in the American Silver Eagle series. It is part of the Proof version of the series, which is struck with specially polished dies and has a mirrored finish on the background, giving it a distinct appearance. It was minted at the West Point Mint.
Ten: 2006 W $1 20th Anniversary Special Strike American Silver Eagle
The 2006 W $1 20th Anniversary Special Strike American Silver Eagle is a unique coin issued to commemorate the 20th anniversary of the American Silver Eagle program. It has a limited mintage and was struck at the United States Mint’s facility in West Point, New York. We do not have an example of this coin in our inventory, but we do have a 2006 P PR 70 20th Anniversary Reverse Proof Silver Eagle.
Eleven: 2008 W SP 70 $1 Burnished Silver Eagle Reverse 2007
This 2008 Silver Eagle Reverse 2007 is an error coin and there were only 47,000 minted. This 2008 coin was accidentally struck using 2007 dies. The first coins were released in March of 2008 and the error was discovered in April of 2008. It is rumored that as many as 15 2007 dies were used.
Twelve: 2015 P $1 One Of 79,640 Struck American Silver Eagle
The 2015 P $1 American Silver Eagle bears the “P” mint mark, indicating that it was struck at the United States Mint’s facility in Philadelphia. “One of 79,640 Struck” designation indicates that only 79,640 of these specific burnished 2015 P American Silver Eagles were minted. We do not have this coin in inventory, but we do have some 2015 W Burnished Silver Eagles.
Why are Some American Silver Eagles More Valuable Than Others?
The value of American Silver Eagle coins can vary based on several factors, which contribute to their collectible or numismatic value. Here are some reasons why certain Silver Eagle coins may be more valuable than others:
Mintage and Rarity
Coins with lower mintages are generally rarer and, therefore, more sought after by collectors. If a particular year or edition of the Silver Eagle had a limited mintage, it can drive up its value in the collector’s market.
Condition or Grade
The condition of the coin, often referred to as its grade, is a crucial factor in determining its value. Coins in excellent condition with minimal wear and attractive luster can command higher prices than coins with visible wear and damage.
Certification and Grading
Some collectors prefer to buy coins that have been professionally graded and authenticated by reputable grading services, such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC). Higher graded coins usually command higher premiums due to their assurance of quality.
Special Editions and Commemoratives
The U.S. Mint occasionally releases special edition or commemorative Silver Eagle coins, such as proof sets, anniversary editions, or coins with unique designs. These limited-edition releases can be more valuable due to their exclusivity and collector appeal.
Historical Significance
Silver Eagle coins from significant historical events or moments may hold higher value to collectors due to their historical significance.
Demand and Market Trends
Market demand and trends can also influence the value of Silver Eagles. For instance, if there is a surge in interest from collectors or investors, it can drive up the premiums for specific coins.
Packaging and Presentation
In some cases, the packaging and presentation of the coin, such as special cases or original government packaging, can add to its value, especially for collectors interested in the overall set or presentation.
Error Coins
Rare error coins, such as those with misprints or anomalies during the minting process, can become highly sought after by collectors, making them more valuable.
Why Buy American Silver Eagles?
People buy American Silver Eagles for several reasons. Here are some of the common motivations:
Investment
Many individuals purchase American Silver Eagles to invest in precious metals. Silver is a tangible asset often seen as a hedge against inflation and economic uncertainty. Investors believe owning physical silver may preserve wealth and diversify their investment portfolios.
Collectability
American Silver Eagles are not only valuable for their silver content but also for their collectible appeal. As official U.S. Mint coins with iconic designs, they attract collectors worldwide. Some enjoy collecting these coins as a hobby and may seek specific years or special editions to complete their collections.
Liquidity
American Silver Eagles are highly recognizable and widely traded, making them easily convertible to cash. You may be able to sell them to bullion dealers, coin shops, or online marketplaces if needed.
IRA Eligibility
American Silver Eagles and some other approved bullion coins are eligible to be held in self-directed Individual Retirement Accounts (IRAs). This feature allows investors to use silver in their retirement savings strategy.
Government Backing
As official U.S. Mint coins, American Silver Eagles carry the backing of the United States government for their weight and purity. This can give some investors a sense of security and trust in the product.
Gifting
Some people buy American Silver Eagles as gifts for special occasions. The coins hold monetary and sentimental value, making them meaningful gifts.
Patriotic Sentiment
For some Americans, owning American Silver Eagles represents a sense of patriotism and pride in their country’s history and coinage.
It is important to note that, like any investment, buying American Silver Eagles carries some risks and considerations. Fortunately, using the APMEX app you can keep track of the silver market in real time.
