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Monday, November 9, 2009

American Silver Eagles - A Treasured Coin

By Samuel Sterns

Silver has been one of the most affordable precious metals in the recent past. Due to this, silver has seen a huge demand increase and the trading on the stock market for silver has also been shown to reflect this demand. Also due to the demand in silver, the demand for the American Silver Eagle Coin has gone up as well.

Officially, the Silver Eagle is the silver coin of the United States, the American Silver Eagle was released to the public back in November of 1986. As a coin that has been given its authorization by Congress, the weights and purities of these coins are guaranteed entirely by the United States Government. Each of these coins comes with a thickness of 2. 98 mm and each coin is guaranteed to contain at least 1 troy ounce of 99. 9% pure silver.

There is a design on the American Silver Eagles and it is taken from old half dollars that were in circulation from 1916 through 1947. This design was created by Adolph A. Weinman and is called "Walking Liberty." The design was loved so much that it was brought back to be used as the design that is currently on the American Silver Eagles since 1986.

American Silver Eagles are produced at 3 different mints. Each mint has their own mark that is placed on each coin to let the consumer know where the coin originated from. The Philadelphia Mint has the mint mark "P", the San Francisco Mint has the mint mark "S" and the West Point, NY Mint has the mint mark "W."

These coins are not typically used as money but if they were, they would only have a one dollar value. These coins are used and held more for their investment value. There are many factors that go in to the true value of each coin such as condition, grade and year of minting. To know the true value, a professional dealer would need to look over your coins and value them accordingly.

The American Silver Eagles can be purchased at numerous places. They can be bought directly from the United States Mint. They can be bought at numerous websites and they can also be purchased through a silver and/or a precious metals dealer. In addition to purchasing your coins there, you can also sell your coins for a profit at these places.

American Silver Eagles are a treasured silver coin in the United States and because of the demand for them, the will make great gifts and investments that will pay off in the future. - 23210

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