Silver American Eagle coins are a popular option for silver bullion investors. However, many people don’t know the history behind what makes these coins so unique. Let’s look at five interesting facts about the Silver American Eagle coin that you may not be aware of.
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The design of the American silver eagle is based on Adolph A. Weinman’s 1916 “Walking Liberty” half-dollar design. This design has become one of America’s most beloved and is still used in other U.S. coinage today, including the dime, half dollar, and gold eagle coins.
Silver eagle coins received a makeover in 1986 by the United States Mint after President Ronald Reagan signed the Liberty Coin Act into law. This act authorized the production of silver coins from American government-owned silver reserves, which would then be sold to investors and collectors.
For over 35 years, the American Eagle 1 oz silver coins have been adorned with a single iconic design. However, in 2021 this changed – to include another variant of the original silver eagle. Dubbed “Type 1 Silver Eagles”, these unique coins possess a revitalized version of Adolph A. Weinman’s classic Walking Liberty Half Dollar image that has become renowned worldwide for its beauty and elegance.
The obverse side of each silver eagle features a close-up portrait of Lady Liberty with her right arm outstretched as if walking towards a new future while carrying an olive branch in her left hand as a symbol of peace and hope for what lies ahead. The reverse side features John Mercanti’s heraldic eagle design with 13 stars representing the 13 original colonies along with “E Pluribus Unum” inscribed in Latin above it, meaning “Out Of Many, One,” a phrase found on many different U.S coinage pieces throughout history that refers to how we have formed our country from many other individuals yet remain united as one nation.
Since its introduction, over 500 million silver eagle coins have been minted and sold worldwide. It has also become increasingly popular among investors and collectors due to its beauty, quality craftsmanship, and liquidity ease at which it can be bought or sold.
In 2009, due to record demand during the financial crisis prompted by the Great Recession, Congress passed legislation authorizing that a special one-time-only issue be made using proof quality dies on all previously issued Silver Eagles, giving them an even more beautiful finish than before! This special edition has since become known as “Walking Liberty Enhanced Uncirculated Coins” by collectors and investors alike. It is highly sought after by those looking for something extra special from their investment portfolio.
Historical Facts Of Silver Eagle Coins – In Summary
The Silver American Eagle coin is an iconic piece of modern U.S. coinage history that continues to inspire us with its iconic designs and quality craftsmanship nearly 35 years after its first issue! It is no wonder it remains one of the most popular investments for those looking to add something unique and timeless to their portfolios; it stands apart from other bullion coins available today! Whether you are just starting out or already have some experience investing in silver bullion coins, the Silver American Eagle offers something special for everyone.