![]() Minted only the West Point Mint (W) from 2006. Burnished Silver Eagles production and years issued: These coins are issued at a premium price well above the spot price of silver. The coins are also carefully packaged in special casings and issued with an official Certificate of Authenticity.īurnished Silver Eagles are made for the Numismatic market segment. This process produces coins with a matte-like finish and a brilliant appearance. The silver blanks are hand-loaded into the coining press and struck with special manufactured high-quality dies. The end result is silver blanks with a smooth silver texture and shiny reflective finish with superior strength and load-bearing qualities. ![]() Instead of chipping away the surface, this technique uses the tendency of the metal to deform under stress. Uncirculated or Burnished Silver Eagle Coinsīurnished coins are struck on coin blanks that have been specially prepared by the burnishing method of polishing and hardening the silver blanks’ surface.ĭuring the burnishing process, the silver is pressed and polished with one or more rotating steel rollers or balls. These coins trade at much higher premiums of even up to three times more than normal bullion coins. Silver Eagle Proof coins are specifically produced for the collectors’ market of the Silver Eagle coins. West Point Mint ‘s production supplemented by Philadelphia Mint Proof Silver Eagle Coins production per year: Mint Producing Proof Silver Eagle Coins Proof coins are issued with an official Certificate of Authenticity. Thereafter the coins are carefully packaged in protective capsules to display and conserve the beauty of the coin and to keep them intact. The proof blanks are hand polished and cleaned before being fed into the presses fitted with special manufactured polished, high quality dies. Proof production raises the precision of the coin’s design as the image and inscription on the face to appear sharper with a frosted foreground and mirror-like background. The term “proof” points to the way that the coins are produced resulting in the distinguished visible features of the coin. Silver Eagle Bullion Coins produced by which mint in which year: Mint Producing Silver Eagle Bullion Coins The coins are rather distributed through a network of wholesalers and dealers who are authorized to sell to the public. The coins do not bear mint marks and are not sold directly by the US Mint to the general public. The coins are mass-produced and intended for investors in the silver metal market. An understanding of the 3 different types of Eagles will help you to determine which is the best to buy. Each of the 3 designs is designated for a specific market segment. The 3 types of Eagles have different appearances which come from 3 different manufacturing methods. The 3 types have relatively the same design (with a few minor deviations). “ The Secretary shall obtain the silver for the coins authorized under section 5112(e) of this title by purchase from stockpiles established under the Strategic and Critical Materials Stock Piling Act.” Silver Eagle Coins Specifications 1 oz Silver Eagle CoinĪ person who is considering buying Silver Eagle Coins has options to choose among 3 different types of Silver Eagles. The USA government aimed at reducing their national silver stockpiles with section 203 under the heading “PURCHASE OF SILVER”. 999 fine silver coin to be backed by the United States Government. The Title II of Public Law 99-61, which was known as the Liberty Coin Actpaved the way for the first one ounce. Even though the Krugerrand’s story began in 1967, the Silver Eagle Coin was first minted in 1986 after the United States government authorized it on July 9, 1985. The success of the American Silver Eagle in the silver bullion market can be compared to the success achieved by the Krugerrand in the gold bullion market. Welcome to Numismatic Traders! We are looking at the most popular silver bullion coin in the world in our: Silver Eagle Coins – Review.
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