Thursday, December 29, 2011

Proof and Uncirculated American Silver Eagle Coins

Proof and Uncirculated American Silver Eagle Coins


It is no wonder why the American Silver Eagle coins are widely sought after and have come to be extremely valuable. Over the past two years, this annually released coins' production has been reduced in its varieties available or completely halted. The 2008 uncirculated coins sold over 444,000 before it's production to purchase them separately was ended. Instead they were only available in an United States Mint Annual Uncirculated Dollar coin Set. This set included the uncirculated Eagle along with four 2008 uncirculated President coins commemorating presidents James Monroe, John Quincy Adams, Andrew Jackson and Martin Van Buren. It additionally came with a 2008 Sacagawea Golden Dollar.

In 2009, it was first announced that the 2009 proof and uncirculated Eagle versions were going to be temporarily suspended. However, some time after it was announced that rather than them being temporarily put on hold, they were not going to be produced at all. This was due to the availability of silver bullion. According to the United States Mint, public law requires that United States American Silver Eagle bullion coins are produced in quantities that meet public demand. The demand for bullion coins has been so great that the silver bullion banks are being used to produce those coins.

The growing popularity of the American Silver Eagles are evident. In 1985 Congress authorized the American Eagle Bullion Program. The American Eagle Bullion Program passed law that silver and gold bullion coins would be produced and guaranteed by the United States government. Hence, buyers could be reassured that the coins' weight, content and purity was secured by the government when they made their purchases. It is also protected by law that the American Eagles can be used to fund Investment Retirement Accounts.

Despite the fact that the American Eagles are a secure investment, the coins are also an absolute beauty with stunning artistry. For these coins, the beloved design of the Walking Liberty created by Adolph A. Weinman is used. This breath-taking design was first used on the Walking Liberty Half Dollar from 1917 to 1947. The opposing side has a symbol of the strength of the United States with a heraldic eagle and shield designed by John Mercanti. The American Silver Eagle coins are made of .999 pure silver, weighing one troy ounce. They also have a trace amount of copper to increase the coins durability.

For those interested in purchasing the American Silver Eagle coin, they can be found through sellers that are authorized by the United States Mint. These coins are not available directly to the public. The Eagles can be purchased separately, in individual 20-coin rolls or in "Monster Boxes". "Monster Boxes" are green boxes that have 25 tubes of 20 coin rolls. When purchasing by roll, the buyer will find the rolls have a distinctive green top with the seal of the United States Treasury. Which ever way one determines he or she will purchase the coins, the premium cost per coin will always be less when purchased in bulk versus individually.




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