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Thursday, December 10, 2009

American Silver Eagles - A Great Investment

By Samuel Sterns

In the past, silver has been the most affordable of all the precious metals. Because of this, there is a huge demand for silver and it trades well on the stock market and also sells well for a nice profit. Because of silver and its popularity, American Silver Eagles have seen a huge surge in demand and sales have gone way up.

American Silvers Eagles are a coin that was first released back on November 24, 1986 by the Mint of the United States. These are officially the silver bullion coin of the U. S. These coins are authorized by Congress. The weight and purity of these coins come with a guarantee from the U. S. Government. Each of these coins is guaranteed to have 1 troy ounce of 99. 9% silver. Each coin has a thickness of 2. 98 mm.

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."

If the Silver Eagles were to be used as traditional money, which they very rarely are, they would only have a value of one dollar. These coins are most often bought and kept for their investment abilities. The price of each coin would be determined by a few different factors such as year minted, grade and condition. Only a true professional dealer would be able to tell you the exact amount your coin is worth.

American Silver Eagles are available for sale at many different venues. The United States Mint will sell these outright to a consumer. There are many websites that are dedicated to collectible coins where they can be purchased. They can also be bought from precious metal dealers and brokers.

The American Silver Eagle coin is a loved and cherished coin by many and is an excellent investment. These coins have seen a surge in value and price and that trend seems to be continuing. - 23208

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