Money -> Silver -> American-Eagle
American Silver Eagles have been minted in the United States since 1986. These are the official silver bullion coins of the United States, guaranteed to contain one troy ounce of silver that’s 99.9% pure. A troy ounce is actually slightly heaver than a typical ounce of weight, because it’s not measured by weight but rather by grains. A grain is a unit of measure used where absolute precision is crucial, as in archery to weigh arrow heads, and in ballistics to weigh powder and bullets. An ounce is between 28 and 29 grains, and is a very specific number that goes out to 9 decimal places. A troy ounce is over 31 grains, in a number that goes out to 7 decimal places. A troy ounce is the measurement always used for black powder, precious metals and gemstones.
Silver Eagles have their one troy ounce weight and silver content certified by the United States Mint, and are authorized by the US Congress. A proof version of these coins is produced specifically for collectors. These coins have been produced by three mints. Coins marked with a P were minted in Philadelphia, with earlier coins bearing an S for San Francisco and the most recent silver coins marked with a W on the reverse side, which stands for West Point.
The front or obverse of Silver Eagles is based on the “Walking Liberty” design that appeared originally on half-dollars minted between 1916 and 1947. Designed the Adolph Weinman, it became a favorite and one of the best-loved coin designs in American history, so it was chosen for the Silver Eagles. The back or reverse of the coins feature a heraldic eagle.
The face value of Silver Eagles is $1, but the silver content causes the value of these coins to vary with the markets. Because of the different minting, it’s best to look into reference books to find the value of any coins you’re interested in purchasing. Because these coins have been struck in such huge numbers, the value is often not as high as one might expect, even for proofs. Most can be purchased for $25, with that number fluctuating along with the silver market prices. Some years with lower minting can go for over $100, and the boxed anniversary set issued in 2006 that went for $100 each now commands over three times that, because only 250,000 were created. Some rare dates can cost thousands of dollars, but without an up to date reference book it’s difficult to know which are more valuable.
When looking at Silver Eagles do your research and become familiar with the more rare coins, and those which can be found almost anywhere. As with most things, eBay is an excellent source for Silver Eagles of the more rare varieties. One good strategy for investors is to buy the current year’s Silver Eagles and work your way backwards through the years. This can make the collecting more fun and interesting, and give you time to investigate the more valuable minting and dates.
Originally posted 2008-12-14 14:00:32. Republished by Blog Post Promoter
Related Posts -
Determining Rare Coin Values in Your Collection When you are deciding whether or not you would like to add a specific coin to your collection, one of the things that you are going to want to take into account is rare coin values. The rare coin values that you find will ultimately be determined by availability of...... -
1971 Canadian Fifty-Cent Piece Money -> Coins-Canada -> Fifty-Cents If you're a coin collector, specifically a Canadian coin collector, you might enjoy looking for a 1971 Canadian fifty cent piece to add to your collection. The trick to this is finding the right fifty cent piece to know whether the coin is worth merely...... -
Gold Eagle Coins Coins & Paper Money -> Gold -> American Eagle Gold Eagle coins are American currency, first released in 1986, that contains the stated amount of actual gold weight claimed in troy ounces, with a silver and copper alloy added to make the coins less soft and more wear resistant. The...... -
Enjoying a World Coin Collection Most people who begin to collect coins actually do so by collecting regional coins from their own mother country. So for example, if you are from the United States, then you may want to collect United States coins first and foremost. This is because you are already familiar with the...... -
Terms in American Coin Collecting If you are new to the practice of American coin collecting, then there are a number of terms and types of coins that you are going to want to understand, otherwise they will seem confusing to you and may give you some trouble. The purpose of this post is to......
Related Websites -
Obesity Takes Years Off Your Life It's similar to smoking when it comes to effect on longevity, researchers note       By Steven Reinberg HealthDay Reporter (HealthDay News) -- Being obese can shorten your life, a new study shows. "Moderate obesity typically shortens life span by about three years," said researcher Gary...... -
We'll see how much my cheap silver really costs me Dawn over at Frugal for Life posted an article (via Hustler $$$ Blog) on getting cheap loss-leader silver coins.I took the bait and ordered one. It was just as they said it would be: I could get the one-ounce coin for only the $1.95 S/H fee (by calling 1-800-989-3007), but...... -
450 Random Useless Facts [/caption] Most American car horns honk in the key of F. The name Wendy was made up for the book "Peter Pan." Barbie''s full name is Barbara Millicent Roberts. Every time you lick a stamp, you consume 1/10 of a calorie. The average person falls asleep in seven minutes. Studies...... - Modern coin collecting fun but useless for preserving wealth The state quarters series is in the final stretch. The South Dakota quarter was released at the beginning of the month. (Will this be the only US coin with George Washington on it twice?) Only ten more states to go. There is a lot of educational value in the release......
-
United States Stamps Stamps -> Books and Manuscripts -> Back of Book United States stamps are fun to collect and you will have many different varieties from which to choose. If you are looking for a hobby for your kids, or you are just interested in US history, these stamps are a great......
