American Silver Eagle Coins
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Silver American Eagle
Design and Specifications
Authorized by Congress in 1985 and first minted in 1986, Silver American Eagles are pure .999 fine silver, the finest silver coins ever distributed in the United States. Minted in the U.S. Mint’s West Point, New York facility, each coin contains one troy ounce of pure silver, measures 1.598" in diameter with a thickness of .117,” and has a face value of one dollar.
The Silver Eagle coin’s obverse design is based on the U.S. "Walking Liberty" half dollar, first minted in 1916 and designed by Adolph Alexander Weinman. The reverse side features a bald eagle and shield, with 13 stars, representing the 13 original American colonies, positioned above the eagle's head.
They are also considered by many to be one of the most beautiful coins ever minted anywhere in the world. Their obverse design is based on the U.S. "Walking Liberty" half dollar, first minted in 1916 and designed by German-immigrant sculptor Adolph Alexander Weinman, who also designed the famous U.S. "Mercury" dime, also introduced in 1916.
The reverse side of the coin features a bald eagle and shield, with 13 stars, representing the 13 original American colonies, positioned above the eagle's head.
Silver American Eagles are available in units of 100 one-ounce coins. Suitable for an IRA investment, these coins can be purchased outright for personal delivery or financed through the Monex ATLAS account. Contact us today and discover why Monex has been a trusted name in coin trading for more than 50 years.
Monex account representatives are available between 5:30 a.m. and 4:30 p.m. Pacific time each Monday through Friday (except national holidays) and on many weekends.
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What is an American Silver Eagle Coin?
The United States Mint issues Silver American Eagles as legal tender bullion coins for investment purposes, under congressional authority. The family of U.S. Mint American Eagles consists of a one ounce silver piece and four sizes of gold pieces. Though the U.S. Silver Eagle is technically money, its face value is insignificant as compared to its intrinsic value, and thereby does not circulate as coinage.
How Pure is the US Silver Eagle Coin?
Silver Eagles are 99.9% fine silver.
How does the American Silver Eagle compare to Sterling Silver?
Bullion grade silver is at least 99% pure silver. Pure silver bullion is not as durable as sterling silver, which is 92.5% pure silver with the balance being an alloy to offer better durability. The vast majority of circulating silver coinage of years gone by, when coins were real money rather than fiat currency, was closer to sterling purity than bullion investment quality silver.
How much Silver is in a Silver American Eagle Coin?
The Silver American Eagles contain precisely one troy ounce of pure silver.
What are the best Silver Coins to buy?
Simply buy the type of silver coin that makes you most comfortable. Some of the most important considerations for selecting your preferred brand of silver bullion coins are:
- Buying and selling liquidity resulting from popularity and demand
- Relative levels of buying and selling prices
What is the cost of a Silver Eagle to purchase?
The purchase price of a one-ounce American Silver Eagle is at the Monex Ask price. In addition, there are charges such as commission and shipping. There is no shipping charge if you select depository delivery. Today's Ask price per coin for buying in units of one hundred is: $29.19.
How do I buy and receive Silver Eagles?
Once you have decided on the quantity of Silver Eagles to purchase, your Monex Account Representative will assist you in executing your order over the phone. Your purchase and price will be confirmed on a voice recorded line after your acknowledgment, and a written confirmation will be sent to you with the details of your order.
Payment may be made after you order, but must be initiated on the day of purchase, which means you must mail or wire funds on the day of your purchase. You can have your metal shipped to your home, made available for pick-up at over 30 facilities across the U.S. and Canada, or have your metal delivered to a bank/depository for storage.
Where is the best Place to buy Silver Eagle Coins?
Reliability of a commodity and your comfort in making a transaction is paramount. Since 1967, Monex companies have made it a priority to buy back gold and silver that customers have purchased at attractive, then-current Monex bid prices. Our multi-billion dollar, two-way buy and sell market is a hallmark and tradition at Monex, and is your assurance of liquidity for your Silver American Eagle investment. Please contact a Monex Account Representative for additional details.
Can I purchase American Silver Eagles in my IRA?
How well have American Silver Eagle Investments performed?
Over the long-term, Silver Eagle investments have fared quite well. Since 2000, they have tripled in price. However, in the shorter term, Silver Eagles are deeply discounted from their 2011 high prices.
Can I finance against my Silver Eagles that I have purchased?
Yes. Utilizing our Atlas account, under certain circumstances, you can borrow against your silver that is being stored. With storage of one ounce Silver American Eagles through Monex at one of our associated depositories, you can use your metal as collateral to borrow cash against it whenever you want, for any purpose. There are no loan set-up fees or penalties for repayment at any time. You may call your Account Representative and have the cash proceeds of the loan immediately sent to you, or you can use the loan to pay for a purchase.