US NATIONAL DEBT –
$34,550,836,614,631

American Silver Eagle Bullion Coin

Background

The American Silver Eagle Bullion Coin was first minted in 1986 under the visionary Liberty Coin Act. This official silver bullion coin displays Adolph A. Weinman’s iconic Walking Liberty design from 1916. Despite its nominal face value being only $1, the coin, boasting a remarkable 99.9% purity, has its true intrinsic value closely tied to the daily spot price of silver. Born from a strategic surplus of military silver reserves under Reagan’s administration, the American Silver Eagle has become one of the symbols of the US coinage and a valuable addition to one’s investment portfolio.

Details

  • Manufacturer: US Mint
  • Minting Location: USA
  • Denominations: US$1
  • Content: 1 oz.
  • Purity: 9%
  • Weight: 31.103 g
  • Thickness: 2.98 mm
  • Diameter: 40.6 mm
  • IRA-Eligibility: Eligible

Origin

  • The American Silver Eagle Bullion Coin’s creation stems President Reagan’s decision to address the surplus in U.S. military silver reserves by selling them in the form of coins.
  • The obverse of this coin showcases a restored image of Lady Liberty, originally designed by Adolph A. Weinman in 1916.
  • In 1986-2021, the coin’s reverse featured a heraldic eagle by John Mercanti; the coins minted after 2021 showcase a bald eagle landing on an oak branch by Emily Damstra.

 

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