Dollar Burnished
Posted in Uncategorized on 10/21/2004 07:36 am by admin
Dollar Burnished
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US $54.95
The American Silver Eagle Coins hold the honor of being the first authorized silver bullion coins of the country. The inspiration for this coin came from the executive plans during the 1970s and the early 1980s as a way of selling the silver from the National Defense Stockpile. This coin was first issued as part of the American Eagle Bullion Program authorized by the Congress.
The American Silver Eagle Coins have been regularly issued on an annual basis since 1986 so as to meet the demand from collectors of precious metals, investors and coins who are interested in acquiring it as a part of their personal collection. It is the most widely collected coin in American history and can easily be converted into cash. This coin is issued with a face value of $1, is struck only in the size of a single troy ounce and is guaranteed to contain as much worth of 99.9% purified silver metal. The composition as well as the components of this coin is tested and certified by the US Mint.
This coin is available in three versions namely the Regular Silver Bullion coins which could be purchased from authorized bullion dealers and coin dealers, the Collectible Proof Version which is issued every year and a Collectible Uncirculated/Burnished version which bears the 'W' mint mark. These coins were initially minted in San Francisco between 1986 and 1998 and in Philadelphia between 1999 and 2000 and since 2001, are being minted in West Point.
An individual looking at the obverse side of this coin would come across the design 'Walking Liberty'courtesy of Adolph A Weinman, the word 'Liberty', the phrase 'In God We Trust' and the year in which the coin was minted. This symbol has been a favorite among people which is why it is often found inscribed on many of the modern American coins.
The reverse side would reveal a majestic eagle concealed by a shield, as designed by John Mercanti, grasping an olive branch and arrows in its in its right and left claws respectively, thus emulating the Great Seal of America. On top of the eagle are depicted 13 five-point stars which are representative of the 13 American colonies. One would also come across details like the phrase 'United States Of America' and trivia like 1 ounce FINE SILVER DOLLAR, 'E Pluribus Unum' and the mint-mark.
An alert person can guard against fake coins by following a few tips:
- Silver, as a metal, has a distinct sheen to it which is not too harsh nor too soft or soapy where as fake coins are comparatively dull and grayish looking.
- While the weight of the genuine American Silver Eagle Coin is precisely 31.101 grams, a fake is made from silvery metal alloys and therefore weighs less.
You can find a lot of information about Silver Eagles coins online. Click here to know more about 1995 W Proof Silver Eagle
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