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Thursday, October 22, 2009

Collecting Silver American Eagles

By James Buchanan

American Silver Eagle Coins are favorably thought of by collectors and investors equally, and are some of the most beautiful bullion coins that you can have in your investment portfolio or coin collection.

The American Eagle Coin Program began in the mid-1980's, and has turned out to be the sanctioned silver silver bullion coin of the United States. Produced by the Mint, American Eagles are unique in that they are able to be utilized by individuals for the funding of their Individual Retirement Accounts (IRA's).

The United States government produces these silver bullion coins with one troy ounce of .9999 pure silver. This is one of the small number of bullion coins in the world to be designed with such a high amount of silver. The bullion coins have a nominal face value of 1 dollar though the true value of each silver eagle is based on the current spot price of silver.

The coins were created and produced with the exquisite Walking Liberty design by Adolph A Weinman on the obverse. If you've ever seen the memorable half dollar coins made from the year 1916 to 1947, you will unquestionably be familiar with this attractive interpretation of Lady Liberty. This is crucial in that these bullion coins have helped the design featured on the silver eagles to become such an legendary figure. The crest on the coin's reverse was sculpted by John Mercanti, featuring a heraldic eagle with its wings spread.

There are countless collectors of Silver American Eagles and each has his or her individual basis for becoming caught up in the hobby. A number of collectors are in love with the coin's dazzling craftsmanship, while others take pleasure in the silver coins for their possible long term worth.

To determine the value of a individual coin, a number of considerations should be taken into account counting factors like the year that the coin is created, as some years they production figures were lower than others, thereby lowering the overall numbers of bullion coin in the hands of the general public. Coins that were minted in 1993 and 1997 or anniversary editions for instance, tend to be among the bullion coin that collectors are searching out, and bring higher interest when sold through coin dealers or at auctions.

Nowadays, Silver American Eagles are enjoying a tremendous surge in popularity, owing to the tentative economic climate. As precious metals have a tendency to make a excellent hedge against diminishing dollar values, investors are looking for the protection to be had by silver and gold bullion goods. - 23200

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