This coin is part of a series that was started in 1986 and has proven to be immensely popular with collectors. This 1987 American Silver Eagle was minted from one ounce of .999 silver and has been authenticated, encapsulated and graded by Professional Coin Grading Service (PCGS), one of the countries top third-party grading services, as Mint State 69, just one grade point from absolute perfection.
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Coin Highlights:
One of the most popular designs in American coinage, the Silver Eagle combines beauty with Silver bullion appeal. Add the 2017 Silver Eagle to your cart today!
History of the American Silver Eagle Program
The U.S. Mint attempted to establish selling Silver bullion in the 1970s and early 1980s to help reduce the Defense National Stockpile. The reasoning was that domestic needs exceeded that of strategic needs. Many refiners had actually opposed the plan due to concerns of diminishing the need of in-state mining and possible reduction of Silver spot at the time. Throughout the back-and-forth, the United States did end up selling-off large amounts of Silver (roughly 105 million troy ounces) but not as coin, as they had originally intended. When this happened, it did in fact cause the price of Silver to drop immediately. Many traders started unloading futures with the anticipation that price would fall, which it did. Over a span of several years and suspensions, it wasn’t until June 21, 1985, that the senate finally agreed to an amendment by a voice vote. The amended bill was signed by President Reagan on July 9, 1985. The bill, know as the “Liberty Coin Act” authorized the law of the American Silver Eagle program with an effective date of October 1, 1985, but came with stipulations that no coins may be struck or sold until September 1, 1986. Finally, after all of this, the first American Silver Eagle was released on November 24, 1986, which has gone on to become one of the most beloved, best-selling coins in the world.
The Design (1986 to 2021)
The obverse (front) of the coin was taken from the “Walking Liberty”, originally designed by Adolph A. Weinman, in 1916. The iconic design had already been a public favorite and one of the most beloved of any United States coinage of modern times which made it an instant favorite among collectors and enthusiasts once released. The reverse (back) was designed by John Mercanti that portrayed a heraldic eagle behind a shield the eagle holds a banner in its beak while grasping an olive branch in its right talon and arrows in its left, that echoes the Great Seal of the United States. Above the eagle and below the legend is thirteen five-pointed stars representing the original Thirteen Colonies.
Direct from the U.S. Mint
The U.S. Mint does not sell its bullion coins directly to the public. Instead, they distribute their coins to only a handful of authorized purchasers who then sell the coins to the public.
NOTE: The coins you receive may exhibit some level of natural toning and/or oxidation such as spotting. This is a normal process that and can occur over time when exposed to hydrogen sulfide which is naturally occurring in the air.
Product Details
Coin Highlights:
One of the most popular designs in American coinage, the Silver Eagle combines beauty with Silver bullion appeal. Add the 2017 Silver Eagle to your cart today!
Product Details
One of the most popular designs in American coinage, the Silver Eagle combines beauty with Silver bullion appeal. Add the 2017 Silver Eagle to your cart today!
Coin Highlights:
Product Details
Coin Highlights:
This piece has been graded by PCGS as MS 66+ and is identified with the serial number 7146.66+/25673149
An 1881-S Morgan Dollar graded PCGS MS67+ and bearing a price guide value of $1,100 realized $19,387… A PCGS MS65 1885-O in MS65 with a price guide listing of $250 brought $8,812.50. It’s not inflation! The drama of the prices at the recent Central States Numismatic Society Convention in Illinois was matched only by the dazzle of the coins themselves. Colorfully toned Morgan Dollars, with surfaces oxidized just enough to radiate an electrified, oversaturated version of the polychromatic patination of a fine silverware set long untouched, have always catalyzed heart rates and bidder paddles.
“Rainbow” toning can arise from prolonged exposure to any of a multitude of reactive environments. Wayne Miller’s Morgan and Peace Dollar Textbook, the authoritative reference on the series, includes several color plates illustrating spectacular examples. The most vividly hued Morgan Dollars, like the 1883-O pictured above, are those which were toned as a result of being stored in the sulfur-rich canvas bags (each containing 1,000 pieces) used by the United States Mint. The enormous outputs demanded by the Bland-Allison Act resulted in large quantities of coins – most notably San Francisco issues from the early years of the series – remaining untouched in government vaults for decades. The release of the Continental Bank Hoard in 1982 spurred interest by bringing many choice pieces to the market. The “textile” pattern seen on the face of some pieces mirrors the thickly woven fabric of the bag.
More complex, geometric patterns arise from long-term storage against the folded, sulfur-rich ends of a paper coin roll. A PCGS MS66+ 1888-O was famously featured on the poster for a Mid-America Coin Auctions sale in 1988. In 2014, it realized $20,562.50, still a record price for any example of the date. – By Kyle Clifford Knapp – August 1, 2022 – PCGS
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