March 31, 2023

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What’s Silver in the American Currency Coins

A 31 gram silver coin is hailed as the official silver bullion coin of USA. This silver dollar coin is certified on November 24, 1986 by the United States Mint according to weight, content, and purity. It amounts to one US silver dollar. Its size is one ounce but it contains 99.9% pure silver.

In the top part, its design is based on Adolph A. Weinman’s “Waking Liberty” half dollar created last 1916. it was one of the public’s favourite design hence Weinman revived it on the silver coin. Instantly, the liberty silver coin became one of the most revered iconic designs in the history of American coinage. In the obverse side, it is inscribed with the year of issuance, the phrase “In God We Trust”, and the word “Liberty”. An eagle with a shield is seen at the reverse side and this signifies strength and endurance. John Mercanti is the co-designer of this side. The eagle also relates to the great seal of the United States. Thirteen five-pointed stars are seen above the eagle which represents the thirteen colonies at that time. Lastly, this side is inscribed with the phrases “E PLURIBUS UNUM”, “1 oz FINE SILVER DOLLAR”, “United states of America”, and the mintmark if indicated.

The coins were initially in bullion version but in the latter part a proof and uncirculated version were also produced in various mintmark loctaions. The first two versions mentioned are solely intended for coin collectors who are huge fans of the US silver dollar. The American silver eagle was produced at three mints namely the Philadelphia Mint, the West Point Mint, and the San Francisco Mint. Bullion Silver Eagle coins bear no mintmarks. Proof silver coins bear different mintmarks. If the proof coins are minted at West Point, the mintmark is “W”. From 2006 onwards, the United States issued an uncirculated coin which serves as a collectible usually bearing the “W” mintmark but earlier versions of this type of American silver eagle have the “S” mintmark.

The American Silver Eagle Dollar otherwise known as liberty silver dollar is America’s only official investment-grade silver bullion coins. This coin retains its value all over the world which makes it a good and attainable investment. Many people consider these coins to be good additions to their investment portfolio whether long-term or short-term. Its value is not subject to change especially in stock market. Truly, these coins are essential additions to your collection,or can be one’s saving grace during hard times or during inflation cases. Whatever the case may be, this US silver dollar is still relevant in today’s society and remains to be an iconic symbol of US’ rich history.

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