The Silver US Eagle coin is one of the most popular Silver bullion coins and usually trades at a premium over its peers. The coin was first struck in 1986 in the US and throughout that time the Silver US Eagle has had its weight and purity guaranteed by the US government
The coin is only available in 1oz which holds exactly one ounce of 99.9% Silver. The coin is known at the Eagle but in recent times the coin is most recognisable from its ‘walking liberty’ iconic design, displaying the US’s flag displayed just behind the Liberty figure
2021 was a significant year for the Silver US Eagle as for the first time the Eagle design was changed to a modernised version which displays a mighty eagle depiction with wing spread
The original design contained a heraldic eagle with a shield and thirteen five-stars but this design has been revised to cater for a style better suited for modern tastes
The 1970s saw the beginning of a drive for the US Government to sell off its national stockpile of Silver. The US Eagle played a big part in this process
US Eagles trade at a slight premium to their peers such as the Britannia and Maple leaf. The advantage is that this premium can be passed on when selling the coins
The iconic walking Liberty design is known throughout the world, making the US Silver Eagle one of the most highly sought Silver bullion coins globally
Prior to the Silver Eagle’s release, the US administration had struggled to reduce the Silver stockpile as domestic mining supply was sufficient to meet demand. It became evident that a product needed to be created to offload the Silver
Legislation was passed in 1982 for the Silver to be minted into coin and sold as investments with a view of maximising the revenue from the selling of the national stockpile
Production of the Silver Eagle was mandated into law in the summer of 1985 by President Reagan. Part of this legislation is to ensure mintage numbers are sufficient to meet public demand
Silver Eagle Rationing
The 2008 financial crisis led to an explosion in demand for precious metals. The US mints responded by pulling production of the proof Silver Eagle coins in order to concentrate on bullion versions which were seeing demand surge
The US Mint began to restrict sales to all but some approved authorised dealers who were given a weekly quota, this practice remained in place until 2010
This rationing was seen again in 2013 after just one week of production due to huge demand for Silver US Eagles. The coins remain one of the most desired Silver coins in the market
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